ALISO VIEJO, CA -- (Marketwired) -- 01/27/14 --
UST Global, an information technology solutions and services company for Global 1000 enterprises, announced today its strategic partnership with Blumberg Capital, an early-stage venture capital firm, which reviews several thousand startups a year and invests in about a dozen key companies per year. The partnership and ensuing investment will enable UST to introduce to its customers the latest disruptive technologies by working with the right innovative start-ups in Blumberg Capital's portfolio.
Sajan Pillai, CEO of UST Global, says, "This is a first of its kind partnership that goes beyond the traditional ways of creating, using, buying and selling technology. On the one hand, we are able to bring experimental cutting edge technologies to behemoth organizations which enables them to stay competitive and respond to demands from the market in real-time. On the other hand, we are giving start-ups access to Global 1000 companies that they do not have the resources to approach."
"Our aim will be to work with the right companies within Blumberg Capital's portfolio that bring a significant advantage to our clients," adds Pillai.
Many large companies increasingly rely on innovation from outside of their own research and development efforts. With increasing frequency, cutting-edge technology is being created within start-ups, often funded by venture capital firms and private investors.
Saurabh Suri, Senior Director at UST Global, says, "We are fully aware that there are plenty of existing innovative technologies that can disrupt our client's businesses. Through this partnership we aim to industrialize these innovations for our clients; keeping them one step ahead of the game."
David J. Blumberg, Managing Partner of Blumberg Capital, says, "Large companies must innovate or suffer rapid disruption of their existing market eco-systems. For the selected startups that we invest in, this is an opportunity to assist Global 1000 clients and stay ahead in the competitive marketplace. It provides them a broad test bed for innovation. For our portfolio companies, working with UST offers streamlined access to global strategic customers, partners and distributors -- supported by the credibility of UST's reputation, technical services and distribution resources. It's a truly collaborative partnership."
In addition to the chosen companies that Blumberg Capital invests in, it also evaluates several thousand start-ups a year that add value to this partnership. Blumberg Capital may refer some of those companies to UST for deeper technical or commercial diligence, which may in turn benefit one or both the companies.
UST plans to leverage this partnership so that it can offer early access to innovation for their customers that are at a risk of impending disruption. Cyber defense solutions provider, Cyvera, and virtualized datacenter platform provider, Nutanix, are two such innovative companies that are already working with UST's customers. CEO of Cyvera, Nathaniel Davidi says, "This partnership provides companies like ours an opportunity to work with UST's Global 1000 enterprises and help them stay secure and ahead of the curve, deploying Cyvera's game-changing solution. It's a win-win partnership."
UST Global is a leading provider of end-to-end IT Services and Solutions for Global 1000 companies. Established in 1998 and headquartered in Aliso Viejo, California, UST Global has operations in USA, India, Mexico, Spain, UK, Malaysia, Philippines, and Singapore. UST Global is a technology leader with profound domain expertise across the following industries: Healthcare & Insurance, Retail, Financial Services, Transportation & Logistics, Manufacturing & Automotive, Telecommunication and Media & Entertainment. By focusing on the business model of 'fewer CLIENTS, more ATTENTION', UST Global strives for excellence in providing their clients with the best service and commitment to long-term client success. With 14,000 employees, UST Global's growth and clientele have been impressive. Please visit www.ust-global.com for more information.
About Blumberg Capital
Blumberg Capital is an early-stage venture capital firm that invests in exceptional entrepreneurs with transformative ideas. We partner with passionate founders to disrupt markets through innovation and build successful companies. Our team has extensive experience collaborating with companies in Enterprise Software, Digital and Social Media, Mobile and Consumer Internet. Our relevant operational expertise and focused network enable us to be bridge-builders, connecting entrepreneurs with partners to drive success.
Blumberg Capital specializes in leading Seed and Series A rounds in syndication with angels, venture capital firms and strategic investors. We are active investors and board members -- operating as an extension of the entrepreneurs' network. Our typical investments range from $500,000 to $3 million with additional amounts reserved for follow-on investments. Blumberg Capital is headquartered in San Francisco with an office in Tel Aviv. For a list of active portfolio companies, visit Blumberg Capital: http://www.blumbergcapital.com.
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Media Contact:Meagan OstrowskiGutenberg CommunicationsMeagan@gutenbergpr.com(212) 810-4394
Source: UST Global