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Growthink Raising $15 Million Series A Round for iControl Systems, Inc.
Jun 17, 2008 (08:06 AM EDT)


LOS ANGELES, June 17 /PRNewswire/ -- Growthink, the leading Investment Banking and Business Development Services Firm to Emerging and Middle Market Companies, announced today that the Firm has been retained to raise $15 million in Series A funding for iControl Systems, Inc., a provider of data and billing consolidation software to print media retailers and publishers.

iControl software enables print media retailers and publishers to share and analyze data regarding the distribution, cost, sales and revenues generated from their newspaper and print media publications.

"Our work with iControl is the type of highly sophisticated capital and advisory mandate that has made Growthink the leading I-Bank to emerging and middle market companies," said Jeff Jones, a Managing Partner with Growthink and a specialist in middle market finance.

"In addition to raising capital for iControl, we are advising the Company on a range of enterprise development issues, including business planning, financial modeling, market evaluation and due diligence," Jones said. "We're looking forward to harnessing our extensive experience in building successful companies on behalf of iControl."

"Our board of directors felt that now was the right time to retain the services of an experienced firm such as Growthink to help us reach our objectives," said iControl Chairman and CEO Tal J. Zlotnitsky. "We considered several potential firms as consultants, but it was clear that Growthink was the one most suited to help us emerge from our present stage of development and reach the next level."

ABOUT GROWTHINK:

Growthink is the leading Investment Banking and Business Advisory Services Firm to Emerging and Middle Market Enterprises. Growthink provides Research, Strategic, Transactional and Investment Capital Services to its clients, enabling companies to identify and leverage opportunities for growth and market leadership.

Since 1999, Growthink has completed more than 1,400 business plans, market research, and investment banking engagements and its clients have collectively gone on to raise more than $1 billion dollars in investment capital from a diverse and dynamic client portfolio encompassing Emerging, Established and Fortune 2000 Companies, Venture Capital and Private Equity Funds. Learn more about Growthink's expertise at: http://www.growthink.com .

CONTACT: Richard G. Harris, +1-646-469-9809, harris@momentumpenyc.com, forGrowthink

Web site: http://www.growthink.com/