|2008 1st Half Newsletter||www.chrysalisventures.com|
In this issue:
New Developments • John Willmoth Named Venture Partner • Wes Cobb Joins as Analyst • Chrysalis Associate Matt Winn Launches Venture Capital Database
Portfolio Company Financings and Other Developments • afterBOT Wins Industry Award for "Best Third Party Technology Provider" • ConnectivHealth Receives $1.25 Million Financing to Expand Product Offerings • Digitalsmiths Recognized for "Technology of the Year" by CED • Intechra Receives IDC's Green IT Recycling Certification • U.S. Army Enterprise Selects Mobile Armor to Protect Sensitive Data • SinglePipe Secures $2 Million to Fund Cable Customer Acquisition Plans • TechSkills Funds Title IV Expansion with $1.5 Million Financing
Other News • Chrysalis Opens Michigan Office • Upcoming Conferences and Events
John Willmoth Named Venture Partner
In August 2008 Chrysalis named John Willmoth a Venture Partner. John came to us after 20 years of business development, strategic planning, and finance experience in the telecommunications sector, most recently as Vice President, Business Development of Sprint Nextel Corporation. As a member of Nextel's senior management team since 1989, John was instrumental in leading the company through intensive growth via a series of mergers and acquisitions. In recent years, he managed Nextel's private equity investments and led negotiations with technology, infrastructure, and device partners for the company's planned rollout of Wimax technology.
Wes Cobb Joins as Analyst
In July 2008, Wes Cobb joined Chrysalis as an Analyst to provide support to the investment team for Chrysalis' three primary investment sectors: healthcare services and technology, media and communications, and business services.
Chrysalis Associate Matt Winn Launches Venture Capital Database
In August 2008, Chrysalis Associate Matt Winn launched the Venture Capital Database (VCDB), an online search tool and database focused on the venture capital industry, through his blog Punctuative.com. This useful, innovative database contains information on 500 venture capital firms with over 800 locations and nearly 7,000 professionals. VCDB allows users to search venture capital firms by location, investment professionals' alma mater, and other useful criteria that commercially available resources somehow missed, and links seamlessly to firms' websites, bios, and blogs. VCDB has quickly proven to be a valuable tool for entrepreneurs and VCs alike. Click here to read a recent review.
Portfolio Company Financings and Other Developments
afterBOT Wins Industry Award for "Best Third Party Technology Provider"
In June 2008, afterBOT, a provider of software and services to retailers which enable them to share real-time point-of-sale transaction information with suppliers and consumers, won industry recognition as this year's "Best Third Party Service Provider" at the Voluntary Interindustry Commerce Solutions Association's (VICS) Collaborative Commerce Achievement Awards. The award honored afterBOT's industry leadership and excellence in developing and implementing business applications that significantly improve supply chain practices, partnerships, and performance.
ConnectivHealth Receives $1.25 Million Financing to Expand Product Offerings
In May 2008, Nashville-based ConnectivHealth, a healthcare publishing and information business, received $1.25 million in financing to expand its product offerings and establish new distribution channels. The company offers a suite of products to hospitals, school systems, and doctors, and is now diversifying its business beyond a historical focus on pharmaceutical sponsorship.
Digitalsmiths Recognized for "Technology of the Year" by CED
In June 2008, Digitalsmiths Corporation, a digital video search and contextual ad-matching company, was awarded the "2008 Technology of the Year" prize by the North Carolina's Council for Entrepreneurial Development (CED) at CED's 22nd annual Entrepreneurial Excellence Awards.
Intechra Receives IDC's Green IT Recycling Certification
In July 2008, Jackson, Mississippi-based Intechra, the nation's largest independent information technology asset disposition (ITAD) company, was one of only five companies to achieve IDC's first certification in Green IT Recycling and Asset Disposal for the Enterprise (G.R.A.D.E.). IDC is the premier global provider of market intelligence, advisory services, and events for the information technology markets. Dell, HP, IBM, and Redemtech were the other companies recognized.
U.S. Army Enterprise Selects Mobile Armor to Protect Sensitive Data
In April 2008, St. Louis-based Mobile Armor, Inc., a provider of electronic data and asset protection software and services, was selected by the U.S. Army Enterprise as a sole-source supplier to provide data-at-rest solutions and services. Mobile Armor will protect data on desktops, laptops, smart phones, PDAs and removable media storage devices. The U.S. Army Enterprise includes the Active Army, Army Reserve, Army National Guard, Civilian Work Force, Army Contactor support, and joint organizations where the Army is the Executive Agent.
SinglePipe Secures $2 Million to Fund Cable Customer Acquisition Plans
In April 2008, Lexington, KY-based SinglePipe Communications, Inc., a facilities-based wholesale communications provider, raised an additional $2.0 million in equity funding to support its aggressive entry into the rapidly expanding VoIP market. Chrysalis led the financing with Meritus Ventures, L.P., a Rural Business Investment Company (RBIC), participating as a co-investor.
TechSkills Funds Title IV Expansion with $1.5 Million Financing
In June 2008, Austin-based TechSkills, a provider of post-secondary education and training, received an additional $1.5 million in financing. The company received approval earlier this year for three of its campuses to participate in the Department of Education's Title IV federal financing program, with plans for its remaining campuses to roll-out Title IV financing over the next two years.
Chrysalis Opens Michigan Office
In May 2008, Chrysalis announced the opening of its latest office in Ann Arbor, Michigan. This office represents Chrysalis' fourth location in Middle America, including our headquarters in Louisville, Kentucky and other offices in Cleveland, Ohio and Pittsburgh, Pennsylvania.
Upcoming Conferences and Events