Graduate Portfolio

  • Chrysalis invested in Oklahoma City, OK-based Advanced Academics, a leading provider of online secondary education. The company was acquired by DeVry Inc. in November 2007.

  • Chrysalis portfolio company bCatalyst, founded as a business accelerator for promising Louisville start-ups, was an original investor in Louisville, KY-based Advanced Imaging Concepts, Inc. (AIC), a leading provider of document imaging solutions for the medical industry. AIC was acquired by Allscripts Healthcare Solutions (NASDAQ: MDRX), a leading provider of clinical software, connectivity and information solutions for physicians, in July 2003.

  • Chrysalis’ investment was in American Pathology Resources, a Nashville, TN-based physician management company focusing on pathology practices. American Pathology merged with Pathology Consultants of America, which was subsequently purchased by Inform DX before being acquired by AmeriPath (Former NASAQ: PATH) in November 2000. Today the company is a provider of cancer diagnostics, genomics and related information services.

  • Chrysalis was an original investor in Louisville, KY-based Aperture Credentialing, Inc., a leading physician credentialing company. The company was acquired by Ingenix Health Intelligence, a subsidiary of UnitedHealth Group (NYSE: UNH), in October 2002.

  • Chrysalis was an original investor in Louisville, KY-based Appriss (formerly Interactive Systems, LLC), the leading provider of innovative technology solutions that assist law enforcement efforts and improve the efficiency and effectiveness of criminal justice agencies. The company secured a strategic investment from Bain Capital Ventures and JMI Equity in July 2007.

  • Chrysalis invested in Tritel Communications, a Jackson, MS-based startup that went public and subsequently merged with TeleCorp PCS. TeleCorp PCS was acquired by AT&T Wireless in February 2002. In October 2004, Cingular Wireless LLC, a joint venture between SBC Communications Inc. and BellSouth Corp., acquired AT&T Wireless, creating the nation’s largest wireless provider. In 2005, the merger of SBC Communications Inc. and AT&T Corp. created a new AT&T which subsequently acquired BellSouth and took full control of Cingular Wireless.

  • Chrysalis invested in Louisville, KY – based bCatalyst Advisors, a provider of middle-market M&A advisory services.  The company was acquired by Hilliard Lyons in March 2010.

  • Chrysalis was an original investor in Regent Communications, a Covington, KY-based owner/operator of radio stations in mid-size markets. Regent was acquired in 1997 by Jacor Communications, which subsequently merged with Clear Channel Communications (NYSE: CCU) in 1999.

  • Chrysalis was an original investor in Compliance and Ethics Learning Solutions(CELS), a Chicago-based holding company created to target the compliance training sector which subsequently acquired Midi, Inc., a leading provider of off-the-shelf and custom compliance and ethics eLearning solutions. The company was acquired by SAI Global Limited (ASX: SAI), a global provider of standards, compliance and business improvement solutions, in January 2007.

  • Chrysalis invested in Dalet S.A., a Paris, France-based international software development company that went public in June 2000. Dalet is a leading provider of software systems for radio, digital audio systems and streaming media.

  • Digitalsmiths, Raleigh-Durham, NC, is a digital video technology company.

  • Chrysalis’ investment was in Richmond, VA-based Manorhouse Assisted Living, Inc., an owner and operator of assisted living centers in the mid-Atlantic states. Manorhouse was subsequently acquired by Nashville-based LifeTrust America LLC, the owner and operator of Morningside Assisted Living communities throughout the Southeast, in October 2002. LifeTrust America was acquired by Five Star Quality Care (AMEX: FVE) in November 2004.

  • Chrysalis was the original lead investor in Louisville, KY-based Genscape, the nation’s first and only supplier of real-time power plant output and transmission information. The company was acquired by an investor group led by GFI Energy Ventures, LLC in August 2003 and subsequently acquired by DMG Information (DMGI), the information publishing division of DMGT (Daily Mail and General Trust plc), in June 2006.

  • Golden State Overnight Delivery Services, Alameda, CA, a leading regional priority overnight delivery company serving California.

  • Chrysalis invested in Ann Arbor, MI-based HealthMedia, a behavioral science technology company that builds and delivers tailored behavioral programs for the pharmaceutical/medical device, healthcare and disease management markets. The company was acquired by Johnson & Johnson in October 2008.

  • Chrysalis was the original lead investor in High Speed Access Corp. (Former NASDAQ: HSAC) of Louisville, KY, and Denver, CO, which became a leading provider of broadband data services over cable modems. The company’s cable modem business was sold to Charter Communications in February 2002.

  • Intechra, Ridgeland, MS, a leading recycler and remarketer of computers and information technology assets.

  • Integrated Broadband Services (IBBS), Kennesaw, GA, a provider of high-speed data management services to mid-tier cable companies.

  • Chrysalis invested in Cincinnati, OH-based Intelliseek, a provider of search and knowledge management technologies and services. The company was acquired by BuzzMetrics in January 2006.

  • Chrysalis’ investment was in Primis, the leading provider of online services to the real estate appraisal industry based in Atlanta, GA. The company was acquired by LandAmerica Financial Group (NYSE: LFG) in October 2000.

  • Chrysalis invested in Clear Vision Laser Centers, Inc., a Denver, CO-based laser vision correction services company. The company was acquired by LaserVision Centers, Inc. (Former NASDAQ: LVCI) in August 2001 and subsequently merged with Ontario, Canada-based TLC Laser Centers Inc. (TSX: TLC) to form TLC Vision in 2001.

  • Chrysalis invested in Houston, TX-based MedServe, a provider of medical waste management services to hospitals and clinics which later grew to become the second largest medical waste processor in the nation. The company was acquired by and became a wholly-owned subsidiary of Stericycle, Inc. (NASDAQ:SRCL) in December 2009.

  • Chrysalis was an original investor in Columbus, OH-based MindLeaders.com (formerly DPEC), a leading provider of e-learning and employee development solutions. The company was acquired by Irish e-learning provider ThirdForce (London AIM: THF) in June 2007.

  • Mobile Armor, St. Louis, MO, a provider of authentication and encryption software solutions that secure data at rest on laptops and portable devices.  The company was acquired by Trend Micro in February 2011.

  • Open Kernel Labs, Chicago, IL, the provider of embedded virtualization software for mobile phones and broadband internet devices.

  • Chrysalis was the original venture capital investor in San Diego, CA-based PeopleFirst.com which subsequently became the leading provider of automobile loans on the Internet. The company was acquired by Capital One (NYSE: COF) in October 2001.

  • RAD Electronics, Sun Valley, CA, an outsource provider of electronics manufacturing services.

  • Chrysalis was an original investor in Premier Parks which later acquired the Six Flags group in 1998. The company changed its name to Six Flags (NYSE: SIX) in 2000. Today the Oklahoma City, OK-based company is the world’s largest regional theme park company.

  • Chrysalis incubated in its office and was an original investor in Louisville, KY-based TechRepublic. The company is a leading web portal for information technology professionals. It was purchased by the Gartner Group in March 2000, then by CNET (NASDAQ: CNET) in 2001.

  • TechSkills, Austin, TX, a provider of career-oriented consumer and corporate education programs for adult learners.

  • Chrysalis was an original investor in Louisville, KY-based Telemics, a provider of wireless-based remote sensing technologies for lighting and other applications. The company was acquired by Tyco Electronics Corp., a business segment of Tyco International Ltd. (NYSE:TYC, BSX: TYC) in July 2006.

  • Chrysalis’ investment was in ActaMed, an Atlanta, GA company that merged with Healtheon in June 1998. Healtheon went public in February 1999 and subsequently merged with WebMD, changing its name to Healtheon/WebMD Corporation and later to WebMD Corporation in 2000. Further, the parent company changed its name to Emdeon Corporation (NASDAQ: HLTH) in 2005 when WebMD Health (NASDAQ: WBMD) completed its initial public offering. Today WebMD is a leading Internet-based provider of e-commerce solutions to the healthcare industry.