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FOR IMMEDIATE RELEASE Sustainable Jobs Fund, L.P., Invests in Ryla Teleservices, Inc. |
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Sustainable Jobs Fund, LP (SJF) has invested $500,000 in Ryla Teleservices, Inc., a Woodstock, GA provider of value-added call center services for the business information industry. Mark Wilson, President and CEO of Ryla, was introduced to SJF as a result of the fund`s participation in the Southeast i-DealFlow Forum held in Atlanta in November, 2001. "We are excited about the relationship with SJF and look forward to a prosperous future with them," said Wilson. "SJF is an excellent partner whose strategy of investing in companies that focus on people aligns perfectly with our mission." SJF's investment will help Ryla ramp up operations at its Woodstock call center, which is expected to employ 120 individuals in the next 12 months. "Ryla is an attractive investment because of the experienced management team that Mark has assembled, his past success operating specialized business to business call centers, and his strong customer connections," said Rick Larson, SJF Managing Director. "These factors, coupled with the company`s commitment to long-term, quality employment for its Associates, give Ryla a genuine proprietary advantage over its competitors and create the opportunity for excellent employment and financial returns." Ryla, organized in October, 2001, is making strides toward becoming a significant player in the call center space. Current customers include information provider giant D&B and LexisNexis. "Ryla Teleservices has established itself as a trusted business partner," said Tal Phillips, Jr., Senior Vice President and Regional Manager for D&B. Ryla is the Sustainable Jobs Fund’s 12th portfolio company. SJF is a $17 million venture capital fund with offices in Durham, NC and Philadelphia, PA. SJF, which invests in enterprises whose rapid growth provides quality entry-level employment in the Eastern United States, specializes in firms that provide unique, sustainable products and services. The Fund has invested $6.12 million to date in businesses located in GA, PA, MD, NY, DE, MA, NJ, TN, and FL which together employ more than 1,450 people. For more information on SJF, visit www.sjfund.com . Press Contact:
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