FTII Invests in Digital Scirocco

May 20, 2010 - FTII is pleased to announce an investment in Digital Scirocco.

This is our first new capital deployment since the 'mortgage crisis'.

This investment is part of a syndicate formed through our membership in the Bellingham Angel group and the Angel Capital Association. Twelve other members of the Bellingham Angels participated in this syndication.

Digital Scirocco is a Seattle based company and the lead angel group was the Alliance of Angels. The Alliance has an excellent reputation and are a preferred co-investment group for the Bellingham Angels.

Basil got to know the founder and CEO, Bruce D'Ambrosio, at a NorthWest Angel Capital Association meeting.

Bruce founded CleverSet, a technology leader in the rapidly growing field of automated personalization engines, used to optimize e-commerce experiences by presenting visitors with relevant recommendations and information. CleverSet was acquired by ATG (Art Technology Group) (NASDAQ: ARTG) in early 2008 for approximately $9 million in cash. He also founded Prevision, a technology firm focused on decision analysis and strategy software. Prevision was acquired in 1997 by Fair Isaac, now FICO (NYSE: FICO). In addition to being a serial entrepreneur, Bruce is a computer scientist. He holds an emeritus faculty position in computer science at Oregon State University, where he focused on probabilistic methods in artificial intelligence, machine learning, and real-time behavior modeling.

DigitalScirocco is an auction-based marketplace for digital content and services from a rapidly growing number of content creators and providers. DigitalScirocco is an auction-based marketplace bringing fresh and relevant content and services to Web-based properties. DigitalScirocco allows Web owners to bid on, buy and present content, including text, video, audio, other media and social-based services, meeting the objectives of their offerings, while optimizing visitor experience through real time selection and delivery, thus increasing visitor loyalty and driving operational objectives.

To learn more www.DigitalScirocco.com