New England Partners

New England Partners was a private equity and venture capital firm based in Boston, Massachusetts, founded in 1995. The firm focused on investing in early, mid, and late-stage companies across the technology, healthcare, and consumer product sectors. In technology, it concentrated on areas such as internet, software, hardware, and communications. In healthcare, New England Partners targeted biopharmaceuticals, biotechnology, medical devices, and e-health companies. For consumer products, it sought to invest in companies offering distinctive products suitable for mass-market retail channels. The firm typically made equity investments ranging from $500,000 to $10 million and often collaborated with other investors for larger financial commitments. New England Partners preferred to take a board seat in its portfolio companies and exited investments through sales to financial or strategic buyers, initial public offerings, or recapitalizations. It was also recognized as a licensed Small Business Investment Company.

David A. R. Dullum

Principal

17 past transactions

Magellan Diagnostics

Private Equity Round in 2006
Lead poisoning threatens millions of people, yet is entirely preventable. Our mission is to help identify and protect those at risk. Magellan Diagnostics is a medical device company that provides point-of-care systems, clinical laboratory instruments, and analytical laboratory services focused on lead testing. Headquartered outside Boston in Billerica, Massachusetts, Magellan is dedicated to offering high-quality, reliable products that help identify children and adults at risk of harm due to lead exposure. Magellan Diagnostics has been a pioneer in the analysis of blood lead since the late 1960s, when the company (then called ESA, Inc.) was founded by four PhD graduates from the Massachusetts Institute of Technology (MIT). Applying a novel technique called Anodic Stripping Voltammetry (ASV), they designed and built a bench top analyzer for the measurement of lead in blood. The company then adapted this technology to create smaller, portable instruments that can be used outside of the traditional reference laboratory. This major achievement broadened the accessibility of lead testing by bringing it to the point of care.

A&G Pharmaceutical

Series A in 2005
A&G Pharmaceutical, Inc. is a theranostics company based in Columbia, Maryland, focused on discovering, developing, and commercializing personalized medicine products aimed at improving cancer detection and treatment. The company specializes in creating monoclonal antibodies that target cancer-specific biomarkers, notably GP88, which is produced by breast cancer tumors. A&G offers a range of products, including GP88-based diagnostic test kits intended to enhance early detection and treatment of breast cancer, as well as anti-GP88 monoclonal antibody therapeutics for various cancers, including ovarian, pancreatic, prostate, and lung cancer. Additionally, A&G provides customized antibody services that support pharmaceutical and biotechnology companies, as well as federal laboratories, by generating functional antibody therapeutics. Founded in 2000, A&G Pharmaceutical is committed to advancing personalized care for cancer patients through innovative diagnostic and therapeutic solutions.

ChipWrights

Series D in 2004
ChipWrights, Inc. is a fabless semiconductor company and a leader in innovative digital and visual signal processing for embedded video and audio applications. ChipWrights specializes in developing all-in-one high definition solutions for complex application-specific standard products (ASSPs)—in particular, System-on-a-Chip (SoC) devices—which integrate a complete system on a single chip. ChipWrights’ fully programmable, low cost, low power, and high performance SoCs are ideal for building competitive products in the digital imaging and video markets. Its vector DSP achieves very high parallelism when operating on image data. The instruction set, address indexing schemes, and data access mechanisms are all tuned for image and video processing. Even the system Direct Memory Access engines are designed to move data in two-dimensional patches. ChipWrights’ goal is to provide customers with the best combination of Price, Performance, Power, Peripheral Integration, and Programmability. ChipWrights believes that image processing should be based on programmable solutions rather than fixed function ASICs. As system product life cycles get shorter and product requirements grow more complex, the improved flexibility of a programmable solution provides tremendous benefits to the system designer and manufacturer. The company offers a complete set of development tools, reference boards, and application libraries for its chips. In addition, a network of third party DSP algorithm and application developers is beginning to emerge whom can work together to create innovative and differentiated imaging products around the ChipWrights platform.
Panacos Pharmaceuticals, Inc. is a biotechnology company focused on the discovery and development of small-molecule oral drugs targeting human immunodeficiency virus (HIV) and other viral diseases. Founded in 1999 and based in Watertown, Massachusetts, the company employs innovative technologies to identify novel targets in the viral life cycle, particularly in areas such as virus maturation and fusion. Its product pipeline includes advanced programs aimed at inhibiting HIV maturation, representing second- and third-generation therapeutic options.

Brigham

Acquisition in 2004
Brigham offers ice creams and frozen yogurts. The company offers chocolate, chocolate chip.
OmniSonics Medical Technologies is a U.S.-based company that develops medical devices used in the treatment of vascular occlusive diseases. Its products are designed to deliver transverse, ultrasonic energy along the length of a small diameter wire to an artery or vein that has been obstructed by thrombus. OmniSonics Medical Technologies uses low power ultrasonic energy to create cavitational streaming that rapidly dissolves thrombus and quickly restores blood flow without adversely damaging surrounding vessel walls. Its current commercial product, the OmniWave Endovascular System is indicated to infuse physician-specified fluids and remove thrombus in the peripheral vasculature. The company is headquartered in Lakewood, New York.

Santarus

Series D in 2003
Santarus, Inc. is a specialty biopharmaceutical company focused on acquiring, developing and commercializing proprietary products that address the needs of patients treated by physician specialists. The company's current commercial efforts are focused on five products. UCERIS® (budesonide) extended release tablets for the induction of remission in patients with active, mild to moderate ulcerative colitis and ZEGERID® (omeprazole/sodium bicarbonate) for the treatment of certain upper gastrointestinal disorders are promoted to gastroenterologists.

ChipWrights

Series C in 2003
ChipWrights, Inc. is a fabless semiconductor company and a leader in innovative digital and visual signal processing for embedded video and audio applications. ChipWrights specializes in developing all-in-one high definition solutions for complex application-specific standard products (ASSPs)—in particular, System-on-a-Chip (SoC) devices—which integrate a complete system on a single chip. ChipWrights’ fully programmable, low cost, low power, and high performance SoCs are ideal for building competitive products in the digital imaging and video markets. Its vector DSP achieves very high parallelism when operating on image data. The instruction set, address indexing schemes, and data access mechanisms are all tuned for image and video processing. Even the system Direct Memory Access engines are designed to move data in two-dimensional patches. ChipWrights’ goal is to provide customers with the best combination of Price, Performance, Power, Peripheral Integration, and Programmability. ChipWrights believes that image processing should be based on programmable solutions rather than fixed function ASICs. As system product life cycles get shorter and product requirements grow more complex, the improved flexibility of a programmable solution provides tremendous benefits to the system designer and manufacturer. The company offers a complete set of development tools, reference boards, and application libraries for its chips. In addition, a network of third party DSP algorithm and application developers is beginning to emerge whom can work together to create innovative and differentiated imaging products around the ChipWrights platform.

ChipWrights

Series B in 2002
ChipWrights, Inc. is a fabless semiconductor company and a leader in innovative digital and visual signal processing for embedded video and audio applications. ChipWrights specializes in developing all-in-one high definition solutions for complex application-specific standard products (ASSPs)—in particular, System-on-a-Chip (SoC) devices—which integrate a complete system on a single chip. ChipWrights’ fully programmable, low cost, low power, and high performance SoCs are ideal for building competitive products in the digital imaging and video markets. Its vector DSP achieves very high parallelism when operating on image data. The instruction set, address indexing schemes, and data access mechanisms are all tuned for image and video processing. Even the system Direct Memory Access engines are designed to move data in two-dimensional patches. ChipWrights’ goal is to provide customers with the best combination of Price, Performance, Power, Peripheral Integration, and Programmability. ChipWrights believes that image processing should be based on programmable solutions rather than fixed function ASICs. As system product life cycles get shorter and product requirements grow more complex, the improved flexibility of a programmable solution provides tremendous benefits to the system designer and manufacturer. The company offers a complete set of development tools, reference boards, and application libraries for its chips. In addition, a network of third party DSP algorithm and application developers is beginning to emerge whom can work together to create innovative and differentiated imaging products around the ChipWrights platform.

UpShot Corporation

Series E in 2001
UpShot.com is the market’s provider of Internet-based sales force automation services. Their Web-based solution brings the power of the Internet to businesses that need first-day productivity from a robust, collaborative solution, without the hassle of building and maintaining it themselves. Since its introduction in August, 1999, the UpShot.com hosted Web application has become the sales management solution for more than 6000 businesses because it provides robust application features, superior ease of use, and full-strength data security—without the pain of building or maintaining the supporting IT infrastructure. UpShot.com is based in Mountain View, California, and is funded by venture capital firms, leading companies, and private investors. Since the company launched in January 1997, their aim has been to build, sell, and support a family of Web-based sales solutions that prospective customers want and actual customers love. They understand that the Web is powering the future. And they are dedicated to leading the way in Web-based sales management.

Medivance

Series B in 2001
Medivance, Inc. specializes in the development, manufacturing, and sale of temperature management products for hospitals globally. The company's primary product, the Arctic Sun Temperature Management System, is a non-invasive device that assists clinicians in monitoring and regulating patient temperature. In addition to its product offerings, Medivance provides clinical training in Targeted Temperature Management to ensure effective use of its systems. Founded in 1998, Medivance is headquartered in Louisville, Colorado, with a European office located in Den Hague, the Netherlands. Since November 2011, it has operated as a subsidiary of Bard Medical, Inc.

Artel Video Systems

Series B in 2000
At Artel, they recognize the changes and leveraged their 30 years of video transport experience to develop DigiLink, a reliable and simple-to-deploy media transport platform designed to take advantage of newer networks. The result is a space efficient, low power, easy-to-deploy and manage platform with thousands of successful deployments worldwide and an unparalleled reputation for reliability. DigiLink is also the most flexible platform on the market integrating video and Ethernet routing with fiber, IP, and optical network transport capabilities. DigiLink combined with their long history of exceptional customer service, and free lifetime technical support and training make Artel the ideal partner for your media transport needs.

Commerce.TV

Series B in 2000
Commerce.TV Corporation is a leading infrastructure provider for interactive television. The company provides end-to-end enhanced TV solutions for cable operators and programmers including digital set-top applications that provide news, entertainment and shopping services, in combination with the "CoreTVnet(TM)," an advanced database network for content delivery and response processing.

Goldpocket Interactive

Series B in 2000
GoldPocket Interactive is a TV software provider that develops and sells two-way interactive television programming for set-top boxes, personal computers, and wireless devices. It also offers interactive video authoring tools and client applications for multiplatform distribution. In addition, GoldPocket Interactive provides integrated solutions that verify content as it leaves the system. Its products are used in managed content, eTV, games, virtual channels, and t-commerce applicationsThe company serves media companies, cable and satellite operators, and wireless carriers. GoldPocket Interactive was founded in 1998 and is headquartered in Los Angeles, C.A. It operates as a subsidiary of TANDBERG Television ASA.

UpShot Corporation

Venture Round in 2000
UpShot.com is the market’s provider of Internet-based sales force automation services. Their Web-based solution brings the power of the Internet to businesses that need first-day productivity from a robust, collaborative solution, without the hassle of building and maintaining it themselves. Since its introduction in August, 1999, the UpShot.com hosted Web application has become the sales management solution for more than 6000 businesses because it provides robust application features, superior ease of use, and full-strength data security—without the pain of building or maintaining the supporting IT infrastructure. UpShot.com is based in Mountain View, California, and is funded by venture capital firms, leading companies, and private investors. Since the company launched in January 1997, their aim has been to build, sell, and support a family of Web-based sales solutions that prospective customers want and actual customers love. They understand that the Web is powering the future. And they are dedicated to leading the way in Web-based sales management.

Goldpocket Interactive

Series A in 1999
GoldPocket Interactive is a TV software provider that develops and sells two-way interactive television programming for set-top boxes, personal computers, and wireless devices. It also offers interactive video authoring tools and client applications for multiplatform distribution. In addition, GoldPocket Interactive provides integrated solutions that verify content as it leaves the system. Its products are used in managed content, eTV, games, virtual channels, and t-commerce applicationsThe company serves media companies, cable and satellite operators, and wireless carriers. GoldPocket Interactive was founded in 1998 and is headquartered in Los Angeles, C.A. It operates as a subsidiary of TANDBERG Television ASA.

Commerce.TV

Series A in 1999
Commerce.TV Corporation is a leading infrastructure provider for interactive television. The company provides end-to-end enhanced TV solutions for cable operators and programmers including digital set-top applications that provide news, entertainment and shopping services, in combination with the "CoreTVnet(TM)," an advanced database network for content delivery and response processing.
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