Michael Avon Joins ABS Capital as Venture Partner

BALTIMORE, MD and SAN FRANCISCO, CA--(Marketwired - Jul 16, 2015) - ABS Capital Partners, a leading late-stage growth company investor, today announced that Michael Avon joined the firm as Venture Partner. Michael is a seasoned operating executive with extensive experience in rapidly growing technology businesses. As a Venture Partner at ABS Capital, Michael will spend a portion of his time working with current ABS portfolio companies and helping to identify opportunities for new investments.

Mike was previously CFO and Executive Vice President of Millennial Media. At Millennial Media Mike led all corporate development, strategy, business development, finance, legal and administrative functions and was also actively involved in company operations, marketing and global expansion efforts. In addition to leading the company's successful IPO process in 2012, Mike led numerous acquisitions and large strategic partnerships during his tenure. Since leaving Millennial Media, he has been advising and investing in early and expansion stage companies.

"ABS Capital is squarely focused on taking growth companies to the next level and Mike has proven his ability to make that happen as both an operator and investor," said Phil Clough, Managing General Partner at ABS Capital. "Mike has hands-on experience across many of the critical roles necessary to unlock opportunity and accelerate long-term growth."

Prior to his role at Millennial Media, Mike helped launch three companies and led investments in numerous Internet, digital media and wireless technology companies in his role as a principal at Columbia Capital. He also previously headed up business development for a financial technology company as well as worked as corporate attorney assisting venture-backed startups.

"Not only has Mike reached great business milestones as an operator, he has also built a dependable business network of growth-oriented executives," said John Stobo, Managing General Partner at ABS Capital. "We look forward to his help at ABS and we know the management teams we work with will too."

"I was drawn to ABS Capital by the caliber of the team and the exciting stage of growth they focus on," said Avon. "I look forward to using my experience and business network to help these management teams as they create lasting value."

Mike is also currently the Founder, Chairman, and CEO of ICX Media, a data and software company that enables content creators to more efficiently produce, market, distribute, and monetize their digital content.

ABOUT ABS CAPITAL
For 25 years, ABS Capital has been investing in later-stage growth companies, helping CEOs capitalize on new opportunities and navigate unforeseen obstacles -- while never losing sight of the ultimate goal of achieving lasting excellence. Our partners have decades of experience as C-level executives, investment bankers and investors in the industries we invest in: business and education services, information and communications technology, and health care. This combination of experience and expertise means we have a laser-focus on the specific needs growth companies face as they look to get to the next level. By helping to transform over 115 companies through their most important stage of development, ABS continues to help unleash the potential for lasting growth. ABS Capital Partners. Here, we grow. For more information, visit www.abscapital.com