Archive for December, 2008

Chrysalis Ventures Names Greg Richey as Chief Operating Officer

Wednesday, December 17th, 2008

LOUISVILLE, KY (December 17, 2008) Chrysalis Ventures today announced that Greg Richey, a former Chief Operating Officer/Chief Financial Officer and principal with Butler, Shine, Stern & Partners in San Francisco, has been named Chief Operating Officer. In this newly created role, Mr. Richey will be responsible for managing the growing firm’s day-to-day operations, including administration, finance, human resources, IT, and legal.

Mr. Richey has over 15 years of operations leadership and experience with rapidly growing companies. As COO/CFO of Butler, Shine, Stern & Partners, a leading independent advertising agency, he managed the daily operations while the company was growing 30% annually for over four years. Prior to that, as COO/CFO of SF Interactive, a venture-funded pioneer in digital advertising and media, Mr. Richey led the company through the dot.com boom and bust and successfully negotiated a sale of the company to Butler, Shine. He has worked with and for interactive media and ecommerce start-ups since 1993, before which he spent several years as a tax and corporate finance lawyer for O’Melveny & Myers, primarily handling mergers and acquisitions and LBOs. Mr. Richey has a BA from Yale University and a JD from the University of Virginia.

“Chrysalis is committed to building a strong management team that will position us for continued growth and success,” said David A. Jones, Jr., Chairman and Managing Director of Chrysalis. “Greg’s many years of experience with venture-funded, early and expansion stage companies gives him strong operating expertise and a deep understanding of the emerging growth environment. I am confident his leadership will help take Chrysalis to the next level.”

About Chrysalis Ventures
Founded in 1993, Chrysalis Ventures is the premier venture capital firm in Mid-America, managing one of the region’s largest funds for early-stage and growth investments. Chrysalis invests primarily in early-stage and expansion-stage companies in healthcare services and technology, media and communications, and emerging trends and technologies. Based in Louisville, Kentucky, Chrysalis has approximately $400 million under management and has made investments in over 55 companies. For more information, please visit www.chrysalisventures.com.

SinglePipe Communications Named 2008 Hot Dozen company

Tuesday, December 9th, 2008

ENTERPRISECORP recognizes local companies for fast-growth and achievement

Louisville, KY (December 9, 2008) SinglePipe Communications, a leading provider of wholesale Digital Voice services, has been named a 2008 Hot Dozen company by GLI’s ENTERPRISECORP. The Hot Dozen is an annual celebration of 12 locally-owned companies who have benefited from Louisville’s entrepreneurial atmosphere and continue to thrive in our region. The companies represent innovation and entrepreneurship in Louisville’s business community.

“We are honored to be recognized among our community’s business leaders, and this distinction speaks volumes as to the unparalleled dedication and commitment of the entire SinglePipe team,” said Matt Phillips, CEO, SinglePipe Communications. “Industry analysts agree that VoIP service will remain among the top 10 growth sectors for 2009 and beyond, with global revenues exceeding $3 billion. Truly, the pro-business nature of this community enables us to not only reap the benefits of operating in this exploding market, but to also continue growing despite a recession. We look forward to a successful 2009, and to continued investment in our local economy.”

Hot Dozen companies are selected because they exemplify Louisville as a place to start and grow a company. Honoring them is part of ENTERPRISECORP’s mission to create a new culture of entrepreneurship and dramatically increase the number and quality of fast-growth, entrepreneurial companies headquartered in our region.

“The companies selected for the Hot Dozen contribute to our city’s job and wealth creation and with that comes the need to support their talent attraction efforts,” said Louisville Mayor Jerry Abramson. “Attracting high quality talent, whether from within our community, from the region or nationally requires our continued focus on world class amenities,” he said.

SinglePipe stands alone in the unique position to deploy and deliver customized and scalable Digital Voice solutions to cable and other broadband providers that require minimal investment, create consistent streams of additional revenue, and meet the complex demands of today’s telecommunications marketplace. SinglePipe has combined its expansive local and facilities-based infrastructure with state-of-the-art technology to bridge the gap between the public switched telephone network (PSTN) and digital voice technology delivered via the Internet.

Without question, SinglePipe empowers its cable and other broadband customers to maximize revenues through simplified and accelerated Digital Voice rollouts.

About SinglePipe Communications
SinglePipe Communications is a facilities-based provider of wholesale residential and business VoIP services to CLEC’s, Internet service providers (ISP’s), private & independent cable operators, and other technology service providers. SinglePipe offers turnkey solutions for residential VoIP, Hosted PBX and SIP Trunking over its own network. Learn more about SinglePipe at www.singlepipecom.com.

About ENTERPRISECORP
ENTERPRISECORP is the division of Greater Louisville Inc. that specializes in developing the region’s fast-growth entrepreneurial sector. ENTERPRISECORP has helped 60 clients secure over $65 Million in financing, and 6 of our clients have experienced $150 Million of liquidity.

Regent Names Randy Jones Senior Vice President of Sales

Monday, December 8th, 2008

Seasoned Sales Veteran Brings Technology and Management Experience

FREDERICK, MD (December 8, 2008) – Regent Education, the leading provider of financial aid management Software-as-a-Service (SaaS) solutions for higher education institutions, today announced the appointment of Randy Jones as Senior Vice President of Sales. Jones, who brings 18 years of technology sales and sales management experience to his post, will guide the strategic direction and execution of Regent’s sales team across direct and resale channels.

“With today’s economic challenges, successful financial aid management is a key initiative for colleges and universities,” said Randy Jones. “Regent’s leading edge financial aid solution is an innovation that will allow institutions to stand out from their competitors and provide their students with a positive financial aid experience.”

Before joining Regent, Randy served two years as the Executive Vice President of Sales for the Americas at Managed Objects, a Business Service Management company. While there, Randy reconstructed the sales force and built a team that produced consistent quarter-over-quarter growth. Additionally, he worked with the Board of Directors and CEO to successfully position the company for the next phase in its lifecycle, successfully selling Managed Objects to Novell in November 2008. Prior to Managed Objects, Randy spent eight years at OPNET Technologies, Inc. (OPNT), an entrepreneurial high-tech software and consulting services company.

“Randy’s expertise in technology sales and his proven track record of building consistently successful sales teams will propel Regent to the next level, allowing us to continue to advance our best of breed financial aid management solution,” said Mike Ratti, Regent’s CEO. “We are thrilled to welcome Randy to the Regent team.”

About Regent
Named Firm of the Year by the Tech Council of Maryland and a 2008 CODiE Award Finalist for Best Postsecondary Enterprise Solution, Regent is a leading Software-as-a-Service provider of financial aid management software solutions with more than 30 years’ industry experience. The company’s web-based, easy-to-use solutions interoperate with any established student information system. Regent provides institutions with improved efficiencies, fewer errors, and enhanced services for students, equaling a positive return on investment within the first year.

Regent’s management solutions are designed and built by and for members of the financial aid and enrollment management communities. Regent enables institutions to better craft and execute financial aid strategies. With its Student Self Service Portal, the company also offers 21st century access for students seeking financial aid information anytime, anywhere, from any device, in any language. For more information, visit: www.regenteducation.com.