If you’re not already familiar with Southridge Capital, allow this article to provide you with a brief overview of the diversified financial holding company. Founded in 1996, Southridge Capital is a firm that specializes in investment and advisory services, catering primarily to small and middle market companies. At the helm of Southridge Capital is Founder and CEO Stephen Hicks, a businessman with over 30-years of experience in the investment sector.
Under Hicks’ leadership, Southridge Capital has entered into an equity purchase agreement with Elite Data Services, a Florida-based technology-driven marketing, management and retail operations company. This equity purchase agreement is quite possibly the most enterprising endeavor to date for Southridge Capital.
According to prnewswire.com, an online distributor of press releases, backed by Southridge Capital, Elite Data Services will be able to leverage their use of proprietary technologies to market and advertise solutions aimed at generating revenue for existing businesses across a diverse number of fields. And according to several reports, these fields are slated to include the gaming, automotive, and hospitality industries.
As far as Stephen Hicks’ background is concerned, he attended Fordham University where he earned an MBA in Finance, in 1983. After completing his education, he began his career with Wertheim Schroeder and Company, serving as the Head of Proprietary Derivatives Trading. Hicks maintained his role Wertheim Schroeder and Company until 1990, before going on to broaden his career horizon by joining Trans-Pacific Capital where he served as the company’s Fund Manager.
Needless to say, these two roles, along with his education, played an integral role in Hicks’ career growth, and in 1996, he decided to embark on an entrepreneurial journey that led to him becoming the Founder and CEO of Southridge Capital. Since it’s inception, Southridge Capital has helped a myriad of small and middle market companies achieve their respective business goals. In fact, the diversified financial holdings company has invested nearly $2 billion in their efforts to help scale a variety of companies worldwide.
So what’s next for Southridge Capital? Ostensibly, they will continue to invest in small to middle market companies, giving special attention to Elite Data Services, which currently shows immense growth potential. You can visit their Facebook page.