TVC Gets Big Exit In Accordent

The sale this morning of El Segundo-based Accordent Technologies was a big win for San Diego investment firm TVC Capital. TVC was the sold institutional investor in Accordent, which sold to Polycom for $50M. TVC's investment in Accordent was managed by Jeb Spencer, who was Chairman of Accordent's board; TVC's Steve Hammerslag also served as a director. TVC invested $4M in Accordent in 2006--the only investment round the firm raised over its lifetime.