Bochao Technologies Closes Series-A Financing from Unistone Venture Partners
Shanghai, China, February 18, 2008 – Bochao Technologies Limited today announced the closing of Series-A consortium financing led by Unistone Venture Partners. E. J. McKay acted as exclusive financial advisor for the investors and the placement agent for the investment consortium. Post investment, the company is to be renamed Unistone Security Limited.
The transaction, the first venture investment in the Chinese security monitoring and solutions industry, is representative of the kind of work E. J. McKay is engaged in, that of “advising a highly selective group of key clients and participate in the rapid growth of the Chinese economy, particularly in the technology and service sectors,” commented James Z. Li, CEO of E. J. McKay.
ABOUT BOCHAO TECHNOLOGIES
Founded in Shanghai in 2001, Bochao Technologies Limited, through its subsidiaries and affiliates, provides solutions and services to the security monitoring industry in China. The company offers system integration, software development, information technology consulting, training, and distant security monitoring services, and is a leader in the sectors in which it operates.
ABOUT UNISTONE VENTURE PARTNERS
Unistone Venture Partners (UVP) is a preeminent venture capital firm focusing on the technology and service sectors. UVP’s mission is to identify, support and provide capital for extraordinary entrepreneurs who are determined to change the world. UVP is the venture capital arm of Unistone Management Company, an alternative investment group with its portfolios across sectors and growth stages of businesses.