Transformative Growth Capital & Guidance
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’ 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.
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 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.
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 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.
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.
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’ 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 Cincinnati, OH-based Intelliseek, a provider of search and knowledge management technologies and services. The company was acquired by BuzzMetrics in January 2006.