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NewSpring Capital leads investment in Message Systems

Radnor, PA., March 18, 2010 – NewSpring Capital, a leading provider of private equity capital in the Mid-Atlantic region, today announced that it has led an investment in Message Systems, Inc. (“Message Systems”) through its growth equity fund, NewSpring Ventures.  Headquartered in Columbia, MD, Message Systems plans to use the proceeds to provide the necessary working capital to execute the Company’s growth strategy.

Founded in 1997 by CEO George Schlossnagle, Message Systems is a worldwide provider of message management solutions and services for email service providers (ESPs), Internet Service Providers (ISPs), social networks and large enterprises that need to manage large volumes of business critical email.  Through a combination of technology, partnerships and intellectual capital, the Company offers a suite of software solutions that address the business and infrastructure needs of organizations ranging from e-commerce companies to the Global 2000. 

“This strategic round of funding from NewSpring Ventures will enable us to continue to independently pursue our goals, by accelerating the pace of our product innovation and market expansion. NewSpring’s smart, pragmatic approach and technology expertise make the firm an ideal partner for us,” said Schlossnagle.

“Message Systems is an industry leader in digital messaging solutions. It’s a mature company with a solid business model, proven products, a cohesive vision and a seasoned management team,” said Michael DiPiano, NewSpring General Partner.  “The Company already has a marquee client base and is perfectly poised to capitalize on the enormous opportunity with enterprises and service providers alike, as they optimize their digital communications. We are excited about collaborating with Message Systems to realize this opportunity and secure its position as the global technology standard for digital messaging.