Arena focuses its investment strategy on four industries and one business sector model:
  Communications Services view in alphabetical order
  Consumer Goods and Services
  Education and Training
  Financial/Information Services
  Consolidating Industries
   
   
   
   

     
  Active Callipso
Callipso provides convergent (voice and data) communication services using VoIP technology for long-distance carriers, long-distance resellers, ISPs, ASPs and CLECs.
www.callipso.com 		Venture/Growth
       
    TelePacific Communications
TelePacific Communications is a “smart build” CLEC, headquartered in Los Angeles, California, that offers voice and data services, with a focus on Web-based applications.
www.telepacific.com		 Growth
       
  Inactive  ClearData.net
ClearData is a wholesale provider of broadband capacity, services and enabling infrastructure for bandwidth consumers such as e-commerce companies and telecommunications service providers.
www.cleardata.net		 Venture
       
    NextVenue, Inc.
NextVenue produces, hosts and distributes streaming media (video and audio) via the Internet for blue chip customers such as Morgan Stanley, Merrill Lynch, Goldman Sachs, Lucent, GE and Merck.
www.nextvenue.com		 Venture
   
 
Consumer Goods and Services
    
       
       
  Active La Dove, Inc.
La Dove provides full-service research and development, formulation and manufacturing of private-label hair and skin care products that provide retailers with an outsourced solution for creating a high-end private-label brand or product line.
www.ladove.com		 LBO
       
     
  Inactive
 Synapse Group, Inc.
Synapse is an affinity marketing company and subscription services provider for more than 600 major magazines.
www.newsub.com		 Growth
       
   
   

Walker Digital, Inc.
Walker Digital is an Internet incubator that creates unique patented Internet-based distribution concepts for consumer goods.
www.walkerdigital.com

 Venture
   
 
Education and Training    
     
     
  Active EduNeering, Inc.
EduNeering provides online compliance training programs in the pharmaceutical, medical device, oil and gas and food industries.
www.eduneering.com 		Venture
         
         
    EdSolutions, Inc. (formerly Explore, Inc.)
Explore is a provider of onsite, enriched after school learning programs for children in grades K-8.
www.edsolutionsinc.com 		Venture
         
   
    International Education Corporation
The International Education Corporation is a chain of proprietary, for-profit schools in Southern California, New York and Atlanta.
www.iecglobal.com 		Growth / LBO
         
   
  Inactive Collegis, Inc. (formerly Eduprise, Inc.)
Eduprise.com is an e-learning application service provider for universities and corporations that enables content providers to produce online courses and programs.
www.eduprise.com 		Growth
         
     
    Ninth House, Inc.
Ninth House provides online management training to corporations via interactive multimedia over the Internet. They produce exclusive content with leading industry experts such as Tom Peters and Ken Blanchard.
www.ninthhouse.com		 Venture
   
 
Financial/Information Services
         
     
  Active EverBank Financial Corp
EverBank Financial Corp is a $2.0 billion unitary thrift holding company headquartered in Jacksonville, FL. One of the nation's largest private mortgage banking companies and fastest growing banks, EverBank provides banking services nationwide and has a retail presence in North Florida. EverBank also offers mortgage and banking products for a variety of business partners, including priceline.com, The Bank of New York, Wachovia, and Bear Stearns. Through its banking and mortgage companies, EverBank serves 300,000 customers, originates approximately $12 billion of annual mortgage production and services approximately $33 billion in loans.
 www.everhomemortgage.com/AboutUs.asp		 Growth
       
 
Consolidating Industries    
       
   
  Active ACM American Consolidated Media, L.P.
American Consolidated Media consolidates daily and weekly community newspapers and other print media in the United States. They are currently building clusters in Maine and Texas.		 Growth
       
       
    Susser Susser Holdings Co.
Susser Holdings operates 181 convenience stores in Texas and Oklahoma under the “Circle K” brand name. 		LBO
       
     
   
Alphabetical Order
     
     
  Active ACM American Consolidated Media, L.P.
American Consolidated Media consolidates daily and weekly community newspapers and other print media in the United States. They are currently building clusters in Maine and Texas.		 Growth
       
  Active Callipso
Callipso provides convergent (voice and data) communication services using VoIP technology for long-distance carriers, long-distance resellers, ISPs, ASPs and CLECs.
www.callipso.com 		Venture/Growth
       
  Inactive  ClearData.net
ClearData is a wholesale provider of broadband capacity, services and enabling infrastructure for bandwidth consumers such as e-commerce companies and telecommunications service providers.
www.cleardata.net		 Venture
       
  Inactive Collegis, Inc. (formerly Eduprise, Inc.)
Eduprise.com is an e-learning application service provider for universities and corporations that enables content providers to produce online courses and programs.
www.eduprise.com 		Growth
       
  Active EdSolutions, Inc. (formerly Explore, Inc.)
Explore is a provider of onsite, enriched after school learning programs for children in grades K-8.
www.edsolutionsinc.com 		Venture
       
  Active EduNeering, Inc.
EduNeering provides online compliance training programs in the pharmaceutical, medical device, oil and gas and food industries.
www.eduneering.com 		Venture
         
         
  Active EverBank Financial Corp
EverBank Financial Corp is a $2.0 billion unitary thrift holding company headquartered in Jacksonville, FL. One of the nation's largest private mortgage banking companies and fastest growing banks, EverBank provides banking services nationwide and has a retail presence in North Florida. EverBank also offers mortgage and banking products for a variety of business partners, including priceline.com, The Bank of New York, Wachovia, and Bear Stearns. Through its banking and mortgage companies, EverBank serves 300,000 customers, originates approximately $12 billion of annual mortgage production and services approximately $33 billion in loans.
 www.everhomemortgage.com/AboutUs.asp		 Growth
       
  Active International Education Corporation
The International Education Corporation is a chain of proprietary, for-profit schools in Southern California, New York and Atlanta.
www.iecglobal.com 		Growth / LBO
       
  Active La Dove, Inc.
La Dove provides full-service research and development, formulation and manufacturing of private-label hair and skin care products that provide retailers with an outsourced solution for creating a high-end private-label brand or product line.
www.ladove.com		 LBO
       
  Inactive NextVenue, Inc.
NextVenue produces, hosts and distributes streaming media (video and audio) via the Internet for blue chip customers such as Morgan Stanley, Merrill Lynch, Goldman Sachs, Lucent, GE and Merck.
www.nextvenue.com		 Venture
         
     
  Inactive Ninth House, Inc.
Ninth House provides online management training to corporations via interactive multimedia over the Internet. They produce exclusive content with leading industry experts such as Tom Peters and Ken Blanchard.
www.ninthhouse.com		 Venture
       
     
  Inactive
 Synapse Group, Inc.
Synapse is an affinity marketing company and subscription services provider for more than 600 major magazines.
www.newsub.com		 Growth
       
       
  Active Susser Susser Holdings Co.
Susser Holdings operates 181 convenience stores in Texas and Oklahoma under the “Circle K” brand name. 		LBO
       
  Active TelePacific Communications
TelePacific Communications is a “smart build” CLEC, headquartered in Los Angeles, California, that offers voice and data services, with a focus on Web-based applications.
www.telepacific.com		 Growth
       
  Inactive

Walker Digital, Inc.
Walker Digital is an Internet incubator that creates unique patented Internet-based distribution concepts for consumer goods.
www.walkerdigital.com

 Venture