Alta Communications
Private ownership | |
Industry | Private equity |
Founded | 1996 |
Founder | Craig Burr, William P. Egan |
Headquarters |
28 State Street Boston, Massachusetts, United States |
Products | Venture capital |
Website | www.altacomm.com |
Alta Communications is a Boston-based private equity firm specializing in equity investments in media and telecommunications companies.
Their equity funds are invested in about 100 companies with total market capitalization approximately $1.5 billion.
Alta Communications is no longer related to Alta Partners, based in San Francisco.
History
Alta Communications was formed in late 1996 as part of the dissolution of Burr, Egan, Deleage & Co. (BEDCO), an early venture capital firm that had been founded in 1979.
The firm was founded by Craig Burr and William P. Egan who also co-founded Alta’s predecessor firm, Burr, Egan, Deleage & Co., in 1979. Alta traces its origins to TA Associates, where Burr and Egan were formerly partners.
Investment strategy and funds
Alta Communications invests primarily in later-stage opportunities in the traditional media and telecommunications sectors and has a portfolio of investments in the following sectors:
- Broadcasting (Radio and Television)
- Direct marketing services
- B2B Media / Publishing
- Content / Screen media
- Digital media
- Telecom services
- Out-of-home advertising
- Cable television
Since its founding in 1996, Alta Communications has raised four venture capital funds focusing on late stage opportunities with nearly $1.5 billion of investor commitments.
- 1996 - $158m - Alta Communications VI
- 1998 - $272m - Alta Communications VII
- 2000 - $486m - Alta Communications VIII
- 2003 - $500m - Alta Communications IX