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LiveLook Acqusition by Oracle completed
Philadelphia, PA - August 14, 2014 - Robin Hood Ventures is pleased to announce that Oracle has completed their acquisition of LiveLOOK. This acquisition strengthens Oracle's Service Cloud offering with leading co-browse functionality to improve customer experiences through connected real-time engagements. The transaction was originally announced in June.
"When we first saw LiveLOOK three years ago, we were impressed with their innovative, patented co-browse technology for an interactive customer service experience," said Craig Schroeder of Robin Hood Ventures. "With a talented management team and a solid business plan, LiveLOOK was well positioned to succeed in this expanding market."
"We look for companies that have the potential for significant growth in the first three to five years after our investment," Schroeder said. "At that point, the company often becomes attractive to larger corporations that can take the key products and services to a much larger national or international customer base."
Investors include Edison Innovation Fund, New Vantage Group, New York Angels and Robin Hood Ventures.
For more information about the company and the acquisition, see www.livelook.com
About Robin Hood Ventures
Robin Hood Ventures is a group of angel investors, focused on early-stage, high-growth companies in the Greater Philadelphia region. We help entrepreneurs build great companies, providing capital, mentoring, expertise and connections to help companies reach their potential. Robin Hood generally aims to invests $1MM over the life of a company, and frequently leads deals which we syndicate with angels, institutions and VCs in our network. We invest as a single entity in businesses we know and understand, in a way that gets deals done. Since 1999, we have invested in over 50 companies in industries including software,internet, mobile, medical devices and financial technology.
Website: www.robinhoodventures.com
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