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Article: United states : Teoco scores $60M from institutional investor.
- Article from:
- TendersInfo
- Article date:
- October 8, 2009
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TA Associates has completed a $60 million minority investment in Teoco Corp., becoming its first institutional investor.
The Fairfax-based software and services company, founded in 1994, provides such cost management offerings as cost auditing, invoice automation, payables processing and claims management. It serves more than 50 North American and international wireless, wireline, wholesale and cable service providers.
Hythem El-Nazer, a senior vice president at TA Associates, will join Teoco s board.The 41-year-old private equity firm, which manages more than $16 ...