Mr. Horowitz has been an active private equity investor in technology, communications and banking since 1990. In the technology sector, he invested over $25m in private companies, including Packet Engines, PSINet, Copart, Visto, TakeTwo Interactive, Concentric Networks and DealTime (now Shopping.com), among others. In the telecom sector, Mr. Horowitz financed and developed the issuance of two rural service cellular licenses that he eventually sold to Vanguard Cellular and Century Telecom. In the banking sector, Mr. Horowitz acquired 10% of Ithaca Bancorp, Inc., won two board seats, restructured the management and the balance sheet and sold the institution to M&T Bank.
Mr. Horowitz currently serves as Chairman of Network 1 Security Solutions, Inc. Mr. Horowitz was an early stage investor in Network 1 and helped transform that company into an award-winning distributed firewall vendor prior to its being taken public in 1998. He negotiated and structured four PIPE financings post-IPO. In 2003, as Chairman, Mr. Horowitz supervised the winding down of operations and the sale of the product suite In 2004, Mr. Horowitz assumed the role of CEO and transformed the company into a business specializing in the licensing and enforcement of intellectual property, resulting in a 25 fold appreciation in its stock price.
From 1985 to 1990, Mr. Horowitz was a general partner, M&A, of Plaza Securities, Inc. where he oversaw all legal and financial transaction strategy and negotiated over $10 billion in acquisition financing in connection with several acquisitions, acquisition attempts and activist/control contests in the U.S. and U.K. From 1984 to 1985, he worked in the risk arbitrage business managing a $100 million portfolio. From 1980 to 1984, he was an Associate at Skadden Arps Meagher & Flom.
Mr. Horowitz holds a B.S (with Honors) from the University of Michigan and a J.D. from Northeastern University of Law.
