RADNOR, PA - January 28, 2014 - NewSpring Capital, a leading family of private equity funds providing growth and expansion capital, proudly announces that two NewSpring Capital portfolio companies have been ranked on Forbes Most Promising Companies for 2014. LiquidHub, Inc. and eXelate, Inc., both portfolio companies of NewSpring Growth Capital, the firm's dedicated technology and business services growth equity fund, made the top 100 list of sustainable high-growth, privately held, U.S. based companies with less than $250 million in revenue.
"We are thrilled by the continued success at LiquidHub and eXelate," said Michael DiPiano, Managing General Partner of NewSpring Capital. "Recognition as a Top 100 Promising Company by Forbes for 2014 exemplifies the strong market position and operational expertise of these two Companies. My partners and I congratulate the leadership of each Company and look forward to their continued growth."
Please find more information about the Forbes ranking by clicking on the link provided: