TIMONIUM, Md., Sept. 4 /PRNewswire/ -- Venture firm Grotech Capital Group announced today that Don Rainey has joined the firm as a General Partner.

"We are very pleased that Don Rainey has joined us. His deep operating background, connections and extensive venture investment experience make him a perfect fit for Grotech, with its value-added approach to venture investing," said Grotech Managing General Partner Frank Adams. He added that "Don's addition represents an important element of our focused, technology venture strategy."

Prior to joining Grotech, Mr. Rainey was general partner with Intersouth Partners where he focused on information technology investment opportunities. Formerly, Mr. Rainey was an entrepreneur with a track record building a number of successful businesses. He held senior executive and/or Board positions with DaVinci Systems, which combined with ON Technology for a NASDAQ IPO in 1994; Attitude Network, one of the first entertainment networks on the Internet sold to TheGlobe.com in 1999; Accipiter (from inception through its acquisition by CMGI in 1998); Novell; and IBM Corporation.

Mr. Rainey chairs the Private Equity Committee of the Northern Virginia Technology Council and serves as a member of the Board of Directors of Virginia Tech Intellectual Properties Foundation and the Mid-Atlantic Venture Capital Association, as well as the Organizing Board of Mindshare. He was also selected to work with the DeVenCI program, advising the Chief Information Officer of the US Department of Defense on emerging technologies. Previously, Mr. Rainey served on the Enterprise Investment Advisory Committee for the State of Maryland, and the Investment Advisory Board of the State of Virginia's Growth Acceleration Program.

At Grotech, Mr. Rainey will focus on information technology investment opportunities. He will be based in Grotech's Northern Virginia office.

About Grotech Capital Group (http://www.grotech.com/)

Founded in 1984, Grotech Capital Group is one of the country's leading venture capital firms with a 23 year track record of helping to build successful companies. Grotech is stage agnostic and invests in early, expansion and growth-stage companies with a full venture lifecycle investing strategy. Led by an experienced team of professionals, Grotech seeks investments in communication technology, enterprise software, and IT services at all stages of company development where the combination of its financial backing, domain expertise, industry relationships, and operating experience will accelerate growth. The firm has managed approximately $1 billion in committed capital from offices in Maryland, Virginia and Florida. To learn more about Grotech, please visit http://www.grotech.com/.

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Source: Grotech Capital Group

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