Maine Venture Fund Partners with CEI and Private Investors Help to Fund Abierto Networks’ Continued Growth

FOR IMMEDIATE RELEASE

May 9th, 2014 – Abierto Networks, based in Eliot, Maine is a growing, Maine-based company with a national presence in the digital marketing space for the convenience store and retail petroleum industry.  Abierto Network’s Digital Marketing Platform (DMP) allows retailers to win new customers, build store traffic and increase per consumer sales revenues with high-impact Digital Signage and Mobile Phone Coupons.

The company had a successful 2013 with highlights that include revenue growth of over 50%, attracting three senior managers to their team, and building an impressive national client list.

The Maine Venture Fund, CEI, and private investors provided Abierto Networks with additional working capital in order to poise the company for continued growth and expansion in 2014.

According to President Rick Sales,  “Growth Capital is the fuel that drives Abierto’s success.  Thanks to the support of our investors, and in particular the leadership of the Maine Venture Fund, our team is poised to continue to execute on our plan to build a company that is a market leader, a great place to work and a positive contributor to Maine’s economy.”

Maine Venture Fund first invested in Abierto Networks in early 2013 because of the company’s excellent management team, customer-focused products, and strong potential for sales growth and job creation.  According to MVF Fund Associate, Jayme Okma Lee, “Abierto Networks is an exceptional Maine company.  It was an easy to decision to continue to support Abierto as the company’s board and management team successfully executed against their 2013 plan, and have engaged investors with timely and transparent financial and management reporting.”

The mission of the Maine Venture Fund is to provide resources to attract, support, and help develop eligible small businesses with the potential for substantial growth and success that will contribute to the prosperity of Maine.