Transformative Growth Capital & Guidance
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.
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 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.
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 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.
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 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 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 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.