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Student-Run Utah University Venture Fund Makes Milestone Tenth Investment in Alianza

University Venture Fund (UVF), the nation’s largest student-run venture capital fund, announced Tuesday that its milestone tenth investment will go to Alianza Global Communication Services, a Lindon-based Internet startup company created by a 26-year-old Utah entrepreneur.

UVF is unusual among education-based investment funds because students engage in an aggressive entrepreneurial process by researching and investing in pioneering small companies that are too risky for banks and standard capital markets to back. By contrast, nearly all other student investment funds buy and sell stocks of public corporations with well-known valuations and relatively predictable performance. UVF is a collaboration between university students and professional investors.

For their tenth investment, aspiring entrepreneurs and venture capitalists of UVF chose Alianza, which sells virtual PBX communication platforms, or companywide phone systems, that operate using VoIP (Voice over Internet Protocol) rather than through a traditional phone company. Alianza’s target market is Latin American businesses, and VoIP technology provides these enterprises with new services and cost savings. UVF collaborated with vSpring Capital, a Utah-based venture firm, which became lead investor in the deal.

Full Story: http://www.utahbusiness.com/parser.php?nav=email_article&article_id=4787

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