We want this to be a privately held, locally owned company that keeps all of its investment expertise and decision-making power in the Northwest.

Morningstar should stick to their knitting, which is measuring investment returns, ... They do not have the expertise to judge companies' corporate governance.

Ron is very well respected by the investment and managed care communities and has demonstrated strong operational expertise in the Aetna turnaround.

The investment by an individual partner depends in their core strengths, vertical expertise and size. We have three levels and each requires an increasing level of commitment in terms of quarterly and annual revenue as well as resources that must be certified on IP3 products. Similar criterion applies to marketing events required with each level. IP3 is looking to grow our channel partner program and does not have a specific upper end for membership.

Tech Data's IT expertise will enable our company to be a strong player in the IP surveillance market. Tech Data's move into security is in line with the ongoing convergence of the IT and security markets and will complement Axis' strength in traditional IT channels.

The lack of critical mass, however, in these and other industries makes it a tough investment decision.