Baker Capital

Baker Capital is a private equity firm specializing in investments in growth companies at all stages. The firm prefers to invest in later stage companies and in early stage businesses to a lesser extent. The firm makes investments primarily in communications industry created by deregulation, new technology, and growth of the Internet. It invests in digital communications, media and technology at all stages of development. It typically invests in equipment, services, and application providers, new service entrants established to compete against incumbent providers that have historically operated as regulated monopolies, equipment manufacturers with emerging technologies, network infrastructure and systems suppliers, Internet and network-based applications, value-added services, acquisition vehicles to consolidate or acquire companies in fragmented sectors, and information-based software and service providers. The firm invests Europe and North America. It may invest abroad, where deregulation and liberalization are occurring. The firm usually invests for a period of five years and seeks to hold a significant minority or controlling equity positions for each of its portfolio companies. It seeks to take a board seat in its portfolio companies. Baker Capital was founded in 1995 and is based in New York, New York.

John Baker

Partner

Henry Baker

Partner

JI

Jonathan I. Grabel

Partner

43 past transactions

EM4

Series B in 2003
EM4, Inc. designs, develops, and manufactures optoelectronic components and packages for defense, aerospace, life science, CATV, telecommunication, and industrial markets in the United States and internationally. It offers direct modulation laser transmitters for analog RF over fiber links, high speed detectors, fiber laser pumps and components, fiber amplifier pumps and components, acousto optic modulators, and integrated laser modules.

Curl

Debt Financing in 2000
Curl develops and maintains the Curl Rich Internet Application (RIA) platform. The foundational technologies for Curl emerged out of research conducted at the Massachusetts Institute of Technology, and the company's first product was released in 2002. Curl's customer list includes Nissan, Panasonic and Mitsubishi. Curl is a part of an emerging group of technologies referred to as "fit clients." These technologies are a hybrid of Thick Clients (a.k.a. Fat Clients) and Thin Clients (HTML and RIA). Fit clients embrace the local processing and offline capabilities of Thick Clients while providing tooling normally associated with thin-client web applications. Fit Clients can leverage the processing power and disc space of the client machine, but they can also offer more restrictive and secure environments than client/server platforms. Using Curl, developers can implement a new class of complex, business-critical, Web-based applications that cannot easily be developed with Ajax or other smart client technologies. Curl has always provided fit client capabilities and, with a new version announced this month called Nitro, they are available more easily than ever on the desktop. Curl is best choice for enterprises for secure, mission-critical applications that use large data sets and require 3D and 2D rendering, sophisticated data input and visualization.

Wine.com, Inc.

Series C in 2014
Wine.com is an online wine retailer, offering selection, guidance, and convenience not found in brick and mortar stores. The company provides its customers access to the world’s largest wine store, with live chat wine experts available 7 days a week. With multiple distribution centers and the most sophisticated retail wine fulfillment network in the United States, Wine.com delivers in 1-2 days to most addresses, offering date-certain delivery and the convenience of shipping to 11,000 FedEx Office, Walgreens, and affiliated local pick-up sites. The company’s popular StewardShip program provides unlimited wine delivery and exclusive access to new releases for $49 per year. Recently launched, the Wine.com iOS app allows users to scan, rate, and purchase wines on the go. Wine.com’s mission, to inspire the wine lifestyle through innovation, is captured in its brand manifesto video, viewable here.

Voltaire

Series E in 2005
Voltaire, Inc. designs and develops server and storage fabric switches and network virtualization software for mission-critical applications. It offers host communications adapters, multi-service switches, integrated gigabit Ethernet and fiber channel routers, and I/O virtualization gateways. The company's products comprise Grid Director Switches, which provides computing fabrics for data centers, high performance computing, and cloud environments; server adapters that supports various host interfaces, InfiniBand rates, and upper-layer protocols; server software, which is used for high performance computing, clustered databases, server virtualization, low latency messaging, and database applications; and Unified Fabric Manager, a platform for managing scale-out computing environments. Voltaire offers solutions for financial services, media and entertainment, research and education, government, manufacturing, energy, life sciences industries. The company was founded in 1997 and is headquartered in Billerica, Massachusetts. Voltaire, Inc. operates as a subsidiary of Voltaire Limited.

IQNavigator

Series E in 2004
IQNavigator is the provider of services spend management software and managed services that enable global companies to gain visibility and control over a significant and strategic corporate spend category. With proven domain expertise and innovative technology solutions, IQNavigator helps turn complex services spend into a new source of value, competitive advantage and continuous bottom-line improvement.

IQNavigator

Series D in 2001
IQNavigator is the provider of services spend management software and managed services that enable global companies to gain visibility and control over a significant and strategic corporate spend category. With proven domain expertise and innovative technology solutions, IQNavigator helps turn complex services spend into a new source of value, competitive advantage and continuous bottom-line improvement.

Need2Buy

Series B in 2000
Need2Buy.com is a leading business-to-business online marketplace for buyers and sellers of electronic components. Their marketplace solution leverages their proven Internet technology and their extensive industry expertise to streamline the traditionally inefficient electronic components supply chain. Their distributor-neutral approach creates an open and scalable marketplace that is more attractive to OEM buyers, distributors and component manufacturers. Their marketplace enables OEM buyers to post Requests for Quotations (RFQs) and uses their proprietary "expert system" to solicit competitive bids from multiple qualified distributors and component manufacturers who meet the criteria specified by the buyer. This model allows buyers to make more cost effective purchasing decisions and sellers to expand their market reach while reducing their customer acquisition costs. Their marketplace also enables OEMs, distributors and component manufacturers to upload a list of their excess inventory into the Need2Buy Marketplace and to search the aggregated "virtual warehouse" for desired products. This allows participants to obtain optimum pricing when disposing of and purchasing excess inventory.

Digi TV Plus Oy

Private Equity Round in 2006
Digi TV Plus Oy is a newly established company specializing in the distribution of digital television channels, marketed to customers under the name PlusTV. PlusTV's target group is all terrestrial households in Finland.

Curl

Series D in 2002
Curl develops and maintains the Curl Rich Internet Application (RIA) platform. The foundational technologies for Curl emerged out of research conducted at the Massachusetts Institute of Technology, and the company's first product was released in 2002. Curl's customer list includes Nissan, Panasonic and Mitsubishi. Curl is a part of an emerging group of technologies referred to as "fit clients." These technologies are a hybrid of Thick Clients (a.k.a. Fat Clients) and Thin Clients (HTML and RIA). Fit clients embrace the local processing and offline capabilities of Thick Clients while providing tooling normally associated with thin-client web applications. Fit Clients can leverage the processing power and disc space of the client machine, but they can also offer more restrictive and secure environments than client/server platforms. Using Curl, developers can implement a new class of complex, business-critical, Web-based applications that cannot easily be developed with Ajax or other smart client technologies. Curl has always provided fit client capabilities and, with a new version announced this month called Nitro, they are available more easily than ever on the desktop. Curl is best choice for enterprises for secure, mission-critical applications that use large data sets and require 3D and 2D rendering, sophisticated data input and visualization.

Curl

Series C in 2002
Curl develops and maintains the Curl Rich Internet Application (RIA) platform. The foundational technologies for Curl emerged out of research conducted at the Massachusetts Institute of Technology, and the company's first product was released in 2002. Curl's customer list includes Nissan, Panasonic and Mitsubishi. Curl is a part of an emerging group of technologies referred to as "fit clients." These technologies are a hybrid of Thick Clients (a.k.a. Fat Clients) and Thin Clients (HTML and RIA). Fit clients embrace the local processing and offline capabilities of Thick Clients while providing tooling normally associated with thin-client web applications. Fit Clients can leverage the processing power and disc space of the client machine, but they can also offer more restrictive and secure environments than client/server platforms. Using Curl, developers can implement a new class of complex, business-critical, Web-based applications that cannot easily be developed with Ajax or other smart client technologies. Curl has always provided fit client capabilities and, with a new version announced this month called Nitro, they are available more easily than ever on the desktop. Curl is best choice for enterprises for secure, mission-critical applications that use large data sets and require 3D and 2D rendering, sophisticated data input and visualization.

Sockeye Networks

Series B in 2002
Sockeye Networks is a provider of intelligent routing services. Sockeye Networks enables businesses to intelligently optimize their Internet connectivity, improving network performance, efficiency and visibility. Sockeye Networks developed the industry's first intelligent route optimization service to solve the problems of poor performance, high costs, and limited visibility. The Sockeye Networks GlobalRoute service is the first route optimization solution to integrate local and global Internet traffic conditions to provide real-time network visibility and optimization for multihomed environments. GlobalRoute continuously monitors and analyzes multiple Internet connections in order to select the optimal paths for IP traffic flows. This ensures that customers' network performance and cost goals are realized, enabling them to confidently depend on the Internet for mission-critical applications.

Action Engine

Series D in 2005
Action Engine Corporation operates as an on-device portal company. It offers Mobile Application Platform, a browserless client/server platform, which provides the underlying framework for developing and deploying application packs that provide intuitive and personalized methods for accessing and using content. The company's signature solutions include mobile advertising, mobile search, social networking, and mobile entertainment. Action Engine Corporation was founded in 2000 and is based in Bellevue, Washington. As of October 13, 2008, Action Engine Corporation operates as a subsidiary of MobUI, Inc.

Wine.com, Inc.

Series D in 2017
Wine.com is an online wine retailer, offering selection, guidance, and convenience not found in brick and mortar stores. The company provides its customers access to the world’s largest wine store, with live chat wine experts available 7 days a week. With multiple distribution centers and the most sophisticated retail wine fulfillment network in the United States, Wine.com delivers in 1-2 days to most addresses, offering date-certain delivery and the convenience of shipping to 11,000 FedEx Office, Walgreens, and affiliated local pick-up sites. The company’s popular StewardShip program provides unlimited wine delivery and exclusive access to new releases for $49 per year. Recently launched, the Wine.com iOS app allows users to scan, rate, and purchase wines on the go. Wine.com’s mission, to inspire the wine lifestyle through innovation, is captured in its brand manifesto video, viewable here.

Action Engine

Series C in 2003
Action Engine Corporation operates as an on-device portal company. It offers Mobile Application Platform, a browserless client/server platform, which provides the underlying framework for developing and deploying application packs that provide intuitive and personalized methods for accessing and using content. The company's signature solutions include mobile advertising, mobile search, social networking, and mobile entertainment. Action Engine Corporation was founded in 2000 and is based in Bellevue, Washington. As of October 13, 2008, Action Engine Corporation operates as a subsidiary of MobUI, Inc.

Akamai Technologies

Series B in 1999
Akamai is the provider of cloud services for helping enterprises provide secure, high-performing user experiences on any device, anywhere. If you've ever shopped online, downloaded music, watched a web video or connected to work remotely, you've probably used Akamai's cloud platform. Akamai helps enterprises accelerate innovation in the hyperconnected world by removing the complexities of technology so you can focus on driving your business faster forward. We enable enterprises to capitalize on market opportunities presented by trends like mobile and cloud while overcoming the challenges presented by security threats and the need to reach users globally. The Akamai Intelligent Platform™ reaches globally and delivers locally, providing unmatched reliability, security and visibility into your online business.

Visioneered Image Systems

Series B in 2006
Visioneered Image Systems engages in the design and manufacture of digital electronic billboards for the outdoor advertising market. The company was founded in 2003 and is based in Garden Grove, California.

Teem Photonics S.A.

Venture Round in 2003
Teem Photonics develops passively Q-switched microlasers as well as Photonics Integrated Circuits based on ion exchange technology. The combination of passive Q-switching and microlaser technologies results in sources distinctive for sub nanosecond, high peak power pulses, generated from compact packages at high repetition rates.

Broadview Networks

Series C in 1999
Broadview Networks Holdings, Inc., doing business as Broadview Networks, provides voice and data communications, and managed network solutions to small and medium sized business or enterprise customers in Northeast and Mid-Atlantic United States. Its voice services include local, regional, domestic, and international telephone services, as well as T-1 primary rate interface and session initiation protocol, private line, voicemail, caller identification, call waiting and forwarding, conference calling, and voice over Internet protocol (VoIP) services.

Voltaire

Series E in 2007
Voltaire, Inc. designs and develops server and storage fabric switches and network virtualization software for mission-critical applications. It offers host communications adapters, multi-service switches, integrated gigabit Ethernet and fiber channel routers, and I/O virtualization gateways. The company's products comprise Grid Director Switches, which provides computing fabrics for data centers, high performance computing, and cloud environments; server adapters that supports various host interfaces, InfiniBand rates, and upper-layer protocols; server software, which is used for high performance computing, clustered databases, server virtualization, low latency messaging, and database applications; and Unified Fabric Manager, a platform for managing scale-out computing environments. Voltaire offers solutions for financial services, media and entertainment, research and education, government, manufacturing, energy, life sciences industries. The company was founded in 1997 and is headquartered in Billerica, Massachusetts. Voltaire, Inc. operates as a subsidiary of Voltaire Limited.

Wine.com, Inc.

Series A in 2006
Wine.com is an online wine retailer, offering selection, guidance, and convenience not found in brick and mortar stores. The company provides its customers access to the world’s largest wine store, with live chat wine experts available 7 days a week. With multiple distribution centers and the most sophisticated retail wine fulfillment network in the United States, Wine.com delivers in 1-2 days to most addresses, offering date-certain delivery and the convenience of shipping to 11,000 FedEx Office, Walgreens, and affiliated local pick-up sites. The company’s popular StewardShip program provides unlimited wine delivery and exclusive access to new releases for $49 per year. Recently launched, the Wine.com iOS app allows users to scan, rate, and purchase wines on the go. Wine.com’s mission, to inspire the wine lifestyle through innovation, is captured in its brand manifesto video, viewable here.

Action Engine

Series E in 2007
Action Engine Corporation operates as an on-device portal company. It offers Mobile Application Platform, a browserless client/server platform, which provides the underlying framework for developing and deploying application packs that provide intuitive and personalized methods for accessing and using content. The company's signature solutions include mobile advertising, mobile search, social networking, and mobile entertainment. Action Engine Corporation was founded in 2000 and is based in Bellevue, Washington. As of October 13, 2008, Action Engine Corporation operates as a subsidiary of MobUI, Inc.

Totality

Series B in 2000
Totality provides application and infrastructure management services for large-scale e-commerce websites. The company is focused on solving critical needs of its clients.

Verified Identity Pass

Venture Round in 2008
The company's voluntary credentialing program, Clear, is the first and only privately run Registered Traveler program operating at a U.S. airport.

WineShopper.com

Series E in 2018
Wine.com is an online wine retailer, offering selection, guidance, and convenience not found in brick and mortar stores. The company provides its customers access to the world’s largest wine store, with live chat wine experts available 7 days a week. With multiple distribution centers and the most sophisticated retail wine fulfillment network in the United States, Wine.com delivers in 1-2 days to most addresses, offering date-certain delivery and the convenience of shipping to 11,000 FedEx Office, Walgreens, and affiliated local pick-up sites. The company’s popular StewardShip program provides unlimited wine delivery and exclusive access to new releases for $49 per year. Recently launched, the Wine.com iOS app allows users to scan, rate, and purchase wines on the go. Wine.com’s mission, to inspire the wine lifestyle through innovation, is captured in its brand manifesto video, viewable here.

Voltaire

Venture Round in 2004
Voltaire, Inc. designs and develops server and storage fabric switches and network virtualization software for mission-critical applications. It offers host communications adapters, multi-service switches, integrated gigabit Ethernet and fiber channel routers, and I/O virtualization gateways. The company's products comprise Grid Director Switches, which provides computing fabrics for data centers, high performance computing, and cloud environments; server adapters that supports various host interfaces, InfiniBand rates, and upper-layer protocols; server software, which is used for high performance computing, clustered databases, server virtualization, low latency messaging, and database applications; and Unified Fabric Manager, a platform for managing scale-out computing environments. Voltaire offers solutions for financial services, media and entertainment, research and education, government, manufacturing, energy, life sciences industries. The company was founded in 1997 and is headquartered in Billerica, Massachusetts. Voltaire, Inc. operates as a subsidiary of Voltaire Limited.

Connected Corporation

Venture Round in 2001
Connected Corporation is the leading provider of storage software for automated protection, archiving and recovery of distributed data.

Offermatica

Series A in 2005
Offermatica Corporation develops and markets a Website content testing and performance optimization platform. The company develops software to test, measure, and optimize Internet marketing and advertising campaigns. It provides multivariate promotion testing, form and landing page optimization solutions for online advertisements, onsite merchandising, electronic mail campaigns, and pay-per-click listings. The company has strategic alliances with Coremetrics, DigitalGrit, Fathom Online, Outrider, and Bolt | Peters User Experience. Its clientele include Monster.com, ELOAN, Intuit, ESPN, Circuit City, Polo.com, Timberland, Sharper Image, Verisign, CNET, and Forbes.com. The company was formerly known as Fort Point Partners, Inc. The company was founded in 1996 and is headquartered in San Francisco, California with additional offices in New York, New York and London, United Kingdom. As of December 13, 2007, Offermatica Corporation operates as a subsidiary of Adobe Systems Inc.

Blink

Venture Round in 2015
Blink is a cordless, HD home monitoring and alert system. It has an integrated motion sensor that can trigger instant alerts when motion is detected. When events are detected and alerts are sent, users have the option of sounding the Blink Alarm. The Blink Alarm is a standalone unit that is purchased separately from the camera. Blink alerts can be sent via email or push notification and are backed by a technology called “Instant On”.
Developer of a software platform designed to determine enterprise value of companies. The company's software platform utilizes proprietary algorithms to determine the true worth or takeover value of a business, enabling clients to build enterprise values in their companies, by reducing areas where resources are not being fully utilized.

RiverOne

Venture Round in 2005
RiverOne, Inc. provides supply chain management software and services for trading partners across distributed electronics industry supply chains. The company’s INTERactive software suite enables companies to manage direct materials throughout the product lifecycle, including design review, sourcing, procurement, order lifecycle management, planning, and inventory management. It delivers its services through a WebTop user interface. The company was formerly known as Need2Buy Inc. and changed its name to RiverOne, Inc. in November 2001. RiverOne, Inc. was founded in 1999 and is based in Irvine, California. As of February 21, 2006, RiverOne, Inc. operates as a subsidiary of I2 Technologies, Inc.

Turin Networks

Series B in 2007
Turin Networks, Inc. is a leading global provider of Carrier Ethernet solutions for wireline and wireless network operators. The company's iConnectâ„¢ solutions pragmatically address the real-world challenges for network operators deploying networks for Wireless Backhaul, Carrier Ethernet and Converged Services.

Broadview Networks

Series D in 2000
Broadview Networks Holdings, Inc., doing business as Broadview Networks, provides voice and data communications, and managed network solutions to small and medium sized business or enterprise customers in Northeast and Mid-Atlantic United States. Its voice services include local, regional, domestic, and international telephone services, as well as T-1 primary rate interface and session initiation protocol, private line, voicemail, caller identification, call waiting and forwarding, conference calling, and voice over Internet protocol (VoIP) services.

ParStream

Series A in 2012
ParStream is the IoT analytics platform company. The ParStream Analytics Platform was purpose-built for scale to handle the massive volumes and high velocity of IoT data as well as analytics at the Edge. Enabling a new breed of analytics for the enterprise, ParStream has earned accolades including CIO Magazine #1 Big Data Startup, Gartner Cool Vendor and Database Trends and Applications Magazine’s Trend-Setting Products in Data. ParStream's has customers throughout the world in industry segments such as Telecommunications/Service Provider, Manufacturing, Renewable Energy, Telematics, etc. The ParStream platform includes a column-oriented database with a unique indexing technology and a highly parallel architecture. The platform gains insights in real time with low latency and high throughput. Supporting JDBC and ODBC as common interface technologies ParStream is easy to integrate in the IT-infrastructure. ParStream is a software-only solution running on standard CPU-infrastructure. ParStream is available as single server, cluster and cloud edition supporting most Linux distributions. Michael Hummel and Jörg Bienert founded ParStream in 2011 after they identified a lack of database technology enabling real-time big data applications for their customers. ParStream has main offices in Cupertino, CA and Cologne, Germany along with sales/field teams throughout Europe and in Korea.

Voltaire

Venture Round in 2002
Voltaire, Inc. designs and develops server and storage fabric switches and network virtualization software for mission-critical applications. It offers host communications adapters, multi-service switches, integrated gigabit Ethernet and fiber channel routers, and I/O virtualization gateways. The company's products comprise Grid Director Switches, which provides computing fabrics for data centers, high performance computing, and cloud environments; server adapters that supports various host interfaces, InfiniBand rates, and upper-layer protocols; server software, which is used for high performance computing, clustered databases, server virtualization, low latency messaging, and database applications; and Unified Fabric Manager, a platform for managing scale-out computing environments. Voltaire offers solutions for financial services, media and entertainment, research and education, government, manufacturing, energy, life sciences industries. The company was founded in 1997 and is headquartered in Billerica, Massachusetts. Voltaire, Inc. operates as a subsidiary of Voltaire Limited.

MediaNet, Inc.

Acquisition in 2005
Founded in 2001 by the major labels to combat piracy and provide legal business-facing music solutions, MediaNet has powered music for Fortune 100 companies and the world’s most forward-thinking, innovative music services. At present we power over 90 digital music services, and more are joining every day. After serving as the back-end provider for Songza (acquired by Google) and Beats Music (acquired by Apple), MediaNet transitioned our major focus to global rights administration. We have created a pioneering music database that unifies sound recording and composition data - a feat still not matched by any competitor. No provider can match our speed, depth of data, or accuracy. In 2015, MediaNet was acquired by SOCAN, Canada's performing rights organization. This acquisition, and the subsequent acquisition of Audiam, achieved truly global scale on all three major music rights for the first time.

Connected Corporation

Venture Round in 1999
Connected Corporation is the leading provider of storage software for automated protection, archiving and recovery of distributed data.

WineShopper.com

Series B in 2007
Wine.com is an online wine retailer, offering selection, guidance, and convenience not found in brick and mortar stores. The company provides its customers access to the world’s largest wine store, with live chat wine experts available 7 days a week. With multiple distribution centers and the most sophisticated retail wine fulfillment network in the United States, Wine.com delivers in 1-2 days to most addresses, offering date-certain delivery and the convenience of shipping to 11,000 FedEx Office, Walgreens, and affiliated local pick-up sites. The company’s popular StewardShip program provides unlimited wine delivery and exclusive access to new releases for $49 per year. Recently launched, the Wine.com iOS app allows users to scan, rate, and purchase wines on the go. Wine.com’s mission, to inspire the wine lifestyle through innovation, is captured in its brand manifesto video, viewable here.

DemoGraFX

Series A in 2001
DemoGraFX provides "Visually Perfect" compression algorithms yielding superior picture quality at competitive bit rates for the movie, television, cable, computer and Internet markets. The algorithms and supporting technology compress vast amounts of motion image data for efficient delivery via satellite, broadcast and cable without compromising picture quality. The company has previously received research and development funding from the Department of Defense, the National Institute of Standards and Technology and the state of California to develop compression technology that retains the visual integrity of the original pictures.
Permabit is a recognized leader in data efficiency technology. They enable OEMs to leverage their R&D investment, increase margin, accelerate time to market and achieve competitive advantage. Permabit Albireo software massively improves performance and efficiency of data creation, transmission and storage. Solutions built with Albireo are being delivered by leading hardware, software and service providers. Their partners include Hitachi Data Systems (HDS), LSI, StoneFly, and Overland Storage.

Sockeye Networks

Series A in 2001
Sockeye Networks is a provider of intelligent routing services. Sockeye Networks enables businesses to intelligently optimize their Internet connectivity, improving network performance, efficiency and visibility. Sockeye Networks developed the industry's first intelligent route optimization service to solve the problems of poor performance, high costs, and limited visibility. The Sockeye Networks GlobalRoute service is the first route optimization solution to integrate local and global Internet traffic conditions to provide real-time network visibility and optimization for multihomed environments. GlobalRoute continuously monitors and analyzes multiple Internet connections in order to select the optimal paths for IP traffic flows. This ensures that customers' network performance and cost goals are realized, enabling them to confidently depend on the Internet for mission-critical applications.

Broadview Networks

Series F in 2002
Broadview Networks Holdings, Inc., doing business as Broadview Networks, provides voice and data communications, and managed network solutions to small and medium sized business or enterprise customers in Northeast and Mid-Atlantic United States. Its voice services include local, regional, domestic, and international telephone services, as well as T-1 primary rate interface and session initiation protocol, private line, voicemail, caller identification, call waiting and forwarding, conference calling, and voice over Internet protocol (VoIP) services.

Teem Photonics S.A.

Venture Round in 2000
Teem Photonics develops passively Q-switched microlasers as well as Photonics Integrated Circuits based on ion exchange technology. The combination of passive Q-switching and microlaser technologies results in sources distinctive for sub nanosecond, high peak power pulses, generated from compact packages at high repetition rates.