NEW YORK--(BUSINESS WIRE)--Steel Pier Capital Advisors, a private equity firm, has led a convertible bridge financing investment of $1.8 million for 11i Solutions Inc, a cutting edge provider of wireless and government contracting solutions located in Huntsville, AL.
Michael Clofine, President and CEO of Steel Pier Capital Advisors, LLC said, “11i Solutions is the type of company that Steel Pier seeks to financially back. The management team led by Mr. Domingo Silvas clearly demonstrates their expertise and understanding of their markets as they capitalize on the recent trend of increased corporate and government investment in wireless technologies.”
“We not only see the wireless engineering expertise of 11i Solutions, we also see that they exhibit a fundamental understanding of both the government and enterprise markets,” added Clofine. “Their visionary approach to the IT markets going forward, we believe, should significantly deliver an ROI that greatly exceeds our current projections.”
11i Solutions, Inc. delivers enterprise-wide security, compliance, data and communications services. Its customer-centric approach focuses on streamlining clients’ wireless systems as a whole by anticipating new technologies and avoiding short-term obsolescence. For more information please visit www.11isolutions.com.
About Steel Pier Capital Advisors, LLC
Founded in July 2008, Steel Pier Capital Advisors, LLC is a privately held, operationally driven private equity firm that partners with management to make non-control equity investments. Since its inception, Steel Pier Capital has made multiple investments in both private and public companies with a focus in clean-tech, wireless healthcare, telecom, media, and government services. SPCA supports these companies as their partners in development by not only leveraging capital but also utilizing the firm’s expertise and exclusive network of strategic and operating executives. Steel Pier Capital is currently investing in new platforms through a multitude of innovative financing solutions.
For more information, visit www.steelpiercap.com.