Mid-Atlantic Venture Funds

Mid-Atlantic Venture Funds is a principal investment firm based in Bethlehem, Pennsylvania, established in 1984. The firm focuses on purchasing equity securities in growing businesses across various sectors, including education, information technology, healthcare, consumer products and services, and software. With a commitment to early-stage investments, Mid-Atlantic Venture Funds aims to support companies with significant growth potential, contributing to their development and success in competitive markets.

Glen R. Bressner

Co-Founder and Managing Partner

44 past transactions

Colubris Networks

Series E in 2006
Colubris Networks specializes in providing wireless local area network solutions tailored for enterprises and service providers. The company's offerings include the Colubris Wireless MultiService Access Points, which facilitate the establishment of wireless networks with direct source-to-destination traffic forwarding. Additionally, Colubris Networks offers a Wireless Client Bridge that converts non-wireless infrastructure devices into wireless-ready mobile equipment. To further enhance network management, the company provides MultiService Controllers that oversee the configuration and operation of wireless networks. Through these products, Colubris Networks aims to streamline and optimize wireless connectivity for its clients.

ProVox Technologies

Series D in 2006
ProVox Technologies Corporation provides speech recognition-based medical documentation and workflow management systems for group practices, hospitals, and clinics in the United States. Its products include VoxNotes, a speech recognition-based, medical documentation workflow management system that speeds the documentation process; VoxReports, a speech recognition-based, radiology reporting workflow management system; and VoxEnterprise that delivers interactive and passive speech recognition to fit into existing medical documentation workflow. The company also offers training and installation, support, system interfaces and integrations, and customization services. ProVox Technologies Corporation is based in Roanoke, Virginia.

NexTone Communications

Series D in 2005
NexTone Communications, based in Rockville, Maryland, specializes in providing software solutions for internet-based voice and data convergence aimed at service providers. The company develops technology that enables communications firms to efficiently route, manage, and control internet telephone calls. By focusing on the evolving needs of the communications industry, NexTone creates products that facilitate the delivery of next-generation applications, positioning itself as a key player in the advancement of internet telephone services.

TapRoot Systems

Series B in 2005
TapRoot Systems specializes in providing software products and services tailored for the mobile device market. The company focuses on delivering an embedded mobile analytics solution, which enables businesses to gain insights into user behavior and application performance on mobile platforms. By offering these analytical tools, TapRoot Systems aims to enhance the functionality and usability of mobile applications, helping clients make informed decisions based on data-driven insights.

sentitO Networks

Series D in 2005
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

Colubris Networks

Series C in 2005
Colubris Networks specializes in providing wireless local area network solutions tailored for enterprises and service providers. The company's offerings include the Colubris Wireless MultiService Access Points, which facilitate the establishment of wireless networks with direct source-to-destination traffic forwarding. Additionally, Colubris Networks offers a Wireless Client Bridge that converts non-wireless infrastructure devices into wireless-ready mobile equipment. To further enhance network management, the company provides MultiService Controllers that oversee the configuration and operation of wireless networks. Through these products, Colubris Networks aims to streamline and optimize wireless connectivity for its clients.

NexTone Communications

Series C in 2004
NexTone Communications, based in Rockville, Maryland, specializes in providing software solutions for internet-based voice and data convergence aimed at service providers. The company develops technology that enables communications firms to efficiently route, manage, and control internet telephone calls. By focusing on the evolving needs of the communications industry, NexTone creates products that facilitate the delivery of next-generation applications, positioning itself as a key player in the advancement of internet telephone services.

CareGain

Series B in 2004
CareGain Inc. specializes in providing software solutions for the consumer-directed healthcare industry. Its CareGain Defined Care platform allows health plans and third-party administrators to create and manage consumer-directed health plans, including health savings accounts, health reimbursement accounts, and flexible spending accounts. The company's offerings include the CareGain Asset Management Platform for benefits administration, CareGain BankConnect for linking health plans with financial institutions, and CareGain CardConnect for integrating with card transaction processing engines. Additionally, CareGain provides services such as business analysis, customer support, integration, implementation, planning, design, construction, deployment, and training. Founded in 2001 and headquartered in East Windsor, New Jersey, CareGain operates as a subsidiary of Canopy Financial, Inc. as of October 2008.

TapRoot Systems

Series A in 2004
TapRoot Systems specializes in providing software products and services tailored for the mobile device market. The company focuses on delivering an embedded mobile analytics solution, which enables businesses to gain insights into user behavior and application performance on mobile platforms. By offering these analytical tools, TapRoot Systems aims to enhance the functionality and usability of mobile applications, helping clients make informed decisions based on data-driven insights.

Colubris Networks

Series B in 2004
Colubris Networks specializes in providing wireless local area network solutions tailored for enterprises and service providers. The company's offerings include the Colubris Wireless MultiService Access Points, which facilitate the establishment of wireless networks with direct source-to-destination traffic forwarding. Additionally, Colubris Networks offers a Wireless Client Bridge that converts non-wireless infrastructure devices into wireless-ready mobile equipment. To further enhance network management, the company provides MultiService Controllers that oversee the configuration and operation of wireless networks. Through these products, Colubris Networks aims to streamline and optimize wireless connectivity for its clients.

MindMatters Technologies

Venture Round in 2004
MindMatters Solutions specializes in developing enterprise management software, notably the Innovator™ Enterprise Management System. This platform is designed to enhance oversight and management of the corporate innovation process, particularly for organizations in the science and engineering sectors. The software not only aims to maximize innovation and facilitate new product development but also provides integrated features for safeguarding and managing intellectual property assets. By focusing on these key areas, MindMatters Solutions enables clients to improve the outcomes of their product development efforts while effectively protecting their emerging intellectual property.

sentitO Networks

Series C in 2003
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

Netilla Networks

Series C in 2003
Netilla Networks specializes in providing secure remote access solutions for corporate networks through its Netilla Service Platform, which is recognized as a leading SSL VPN appliance. This platform allows organizations to offer secure access to any application, whether on Windows, UNIX/Linux, or mainframe systems, via standard web browsers. By integrating thin-client technology with SSL encryption, along with a robust authentication and policy framework, Netilla Networks enables rapid deployment and reduces network exposure. The system is designed to lower maintenance costs compared to traditional VPNs while ensuring a user-friendly experience.

sentitO Networks

Series B in 2003
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

MindMatters Technologies

Series C in 2003
MindMatters Solutions specializes in developing enterprise management software, notably the Innovator™ Enterprise Management System. This platform is designed to enhance oversight and management of the corporate innovation process, particularly for organizations in the science and engineering sectors. The software not only aims to maximize innovation and facilitate new product development but also provides integrated features for safeguarding and managing intellectual property assets. By focusing on these key areas, MindMatters Solutions enables clients to improve the outcomes of their product development efforts while effectively protecting their emerging intellectual property.

ProVox Technologies

Series C in 2003
ProVox Technologies Corporation provides speech recognition-based medical documentation and workflow management systems for group practices, hospitals, and clinics in the United States. Its products include VoxNotes, a speech recognition-based, medical documentation workflow management system that speeds the documentation process; VoxReports, a speech recognition-based, radiology reporting workflow management system; and VoxEnterprise that delivers interactive and passive speech recognition to fit into existing medical documentation workflow. The company also offers training and installation, support, system interfaces and integrations, and customization services. ProVox Technologies Corporation is based in Roanoke, Virginia.

Trinity Convergence

Series B in 2002
Trinity Convergence specializes in the design, development, and licensing of VoIP software solutions. The company provides embedded software platforms that facilitate voice and video over IP (V2IP) products and services. By offering comprehensive VoIP software solutions, Trinity Convergence helps equipment manufacturers streamline their product development processes, ensuring efficient integration of advanced communication technologies.

Netilla Networks

Series B in 2001
Netilla Networks specializes in providing secure remote access solutions for corporate networks through its Netilla Service Platform, which is recognized as a leading SSL VPN appliance. This platform allows organizations to offer secure access to any application, whether on Windows, UNIX/Linux, or mainframe systems, via standard web browsers. By integrating thin-client technology with SSL encryption, along with a robust authentication and policy framework, Netilla Networks enables rapid deployment and reduces network exposure. The system is designed to lower maintenance costs compared to traditional VPNs while ensuring a user-friendly experience.

MindMatters Technologies

Series B in 2001
MindMatters Solutions specializes in developing enterprise management software, notably the Innovator™ Enterprise Management System. This platform is designed to enhance oversight and management of the corporate innovation process, particularly for organizations in the science and engineering sectors. The software not only aims to maximize innovation and facilitate new product development but also provides integrated features for safeguarding and managing intellectual property assets. By focusing on these key areas, MindMatters Solutions enables clients to improve the outcomes of their product development efforts while effectively protecting their emerging intellectual property.

Interscope Technologies

Series B in 2001
Interscope Technologies, Inc., founded in 1998 and based in Wexford, PA, specializes in clinical pathology software services. Established by Dr. Michael Becich and a team of pathologists from the University of Pittsburgh Medical Center, the company provides a comprehensive suite of integrated slide imaging, case flow, and clinical data management applications. These tools are designed for use in anatomic pathology, toxicology, and genomic environments, serving clinical, research, and educational institutions in the healthcare sector.

Response Networks

Venture Round in 2001
Response Networks provides business communications solutions aimed at enhancing responsiveness to clients, partners, and prospects. The company specializes in a range of products and services, including Virtual Phone Systems, Hosted VOIP, and Installed Communications Solutions. Targeting small and medium-sized businesses, Response Networks offers advanced voice networking capabilities. Additionally, the company provides maintenance and support services for various communication platforms, such as Avaya IP Office, Partner ACS, and Quick Edition. Through these services, Response Networks helps businesses improve their communication efficiency and effectiveness.

geoVue

Series A in 2001
geoVue, Inc. specializes in dynamic location optimization software designed for retailers, restaurants, and real estate-focused consumer channels. Founded in 1993 and based in Woburn, Massachusetts, the company offers a comprehensive capital planning suite that includes asset vitality evaluations, market ranking, and capital allocation services. Its targeted marketing services feature direct mail scoring and a software solution called iTARGET. Additionally, geoVue provides a market optimization suite that encompasses market planning through the iPLAN platform, market blueprints, individual trade area maps, and demographic reports. The site selection and sales forecasting suite includes tools like iSITE for mapping and demographic reporting, alongside sales forecasting models and the iPREDICT software. The company's solutions are also utilized by financial institutions for risk analysis of loan portfolios, making geoVue a versatile partner in maximizing return on capital investment. The company has locations in Boston, Boise, San Francisco, and Chicago.

Sprockets.com

Series B in 2001
Sprockets is a music publishing company. They establish relationships with songwriters and artists within the music community.

sentitO Networks

Series A in 2001
sentitO Networks is a leading provider of open and distributed VoIP switching and service delivery solutions that help telecommunications service providers worldwide successfully migrate their networks to deliver Voice over IP (VoIP) services. sentitO has fundamentally redesigned the time-to-profitability for VoIP service providers using breakthrough software, silicon, security, and service intelligence innovations. Our Open Network Xchange (ONX) suite of voice and signaling gateway solutions is the first to successfully fulfill the demands of VoIP providers for: - Network and service scalability - Heightened voice quality and integrity - Carrier-grade reliability - An open service delivery architecture that enables consistent innovation and differentiation The first solution purpose-built from the ground up for VoIP and the resilient delivery of IP-based voice services from the network edge, the ONX allows carriers and service providers to economically expand their geographic reach and their addressable markets. It provides an open and distributed architecture to enable service providers to efficiently create and evolve VoIP services. The ONX suite incorporates true telco-grade security, management, and performance as well as SIP-driven service innovation and flexibility. Its modularity, scale, and economics uniquely enable rapid deployment and profitability while supporting ongoing service and subscriber expansion.

Netilla Networks

Series A in 2001
Netilla Networks specializes in providing secure remote access solutions for corporate networks through its Netilla Service Platform, which is recognized as a leading SSL VPN appliance. This platform allows organizations to offer secure access to any application, whether on Windows, UNIX/Linux, or mainframe systems, via standard web browsers. By integrating thin-client technology with SSL encryption, along with a robust authentication and policy framework, Netilla Networks enables rapid deployment and reduces network exposure. The system is designed to lower maintenance costs compared to traditional VPNs while ensuring a user-friendly experience.

MindMatters Technologies

Series A in 2001
MindMatters Solutions specializes in developing enterprise management software, notably the Innovator™ Enterprise Management System. This platform is designed to enhance oversight and management of the corporate innovation process, particularly for organizations in the science and engineering sectors. The software not only aims to maximize innovation and facilitate new product development but also provides integrated features for safeguarding and managing intellectual property assets. By focusing on these key areas, MindMatters Solutions enables clients to improve the outcomes of their product development efforts while effectively protecting their emerging intellectual property.

Viaken Systems

Series B in 2001
Viaken Systems is the premier full service ASP (Application Service Provider) for the life sciences, offering solutions for biotechnology, pharmaceutical, and agricultural companies. Viaken hosts third-party research informatics application solutions and e-commerce services in the areas of genome informatics, chem informatics, and pharmaco informatics at its tier one data center and delivers these services via the Internet. The company’s unique ASP platform enables companies of all sizes to utilize the same state-of-the-art research information technology (IT) as implemented by top-tier organizations. Viaken specializes in architecture design, application and database hosting, distributed access to high performance computing services, secure network management, and 24x7x365 system and application support. The company also designs, implements, and hosts custom solutions to meet any of its customers’ IT requirements.

WorldStor

Series B in 2000
WorldStor provides storage services.

Sentori

Series A in 2000
Sentori, Inc., is a privately held company headquartered in Maryland, that provides multi-service billing, customer care and network mediation software solutions to the communications services industry worldwide. Founded in 1994, Sentori offers an innovative modular, scalable solution for 2G, 2.5G and 3G wireless carriers and Mobile Virtual Network Operators (MVNOs); wireline carriers; and broadband and Internet service providers. It also helps enterprises seeking usage tracking solutions for their internal communications networks. The Sentori name represents what the system enables service providers to do: like a sentry, safeguard customer relationships and business profitability by taking control of the entire customer management process. The Sentori system, launched in 1998, has been deployed in wireless carrier, MVNO, wireline, and satellite communications companies throughout the Americas and in Europe. The company's rapid growth can be traced to its successful track record of in-budget and on-time product implementation, combined with world-class client support. Sentori is supported by major equity investments from Edison Venture Fund, Mid-Atlantic Venture Funds and STI Venture Funds.

ScoreBoard

Series B in 2000
ScoreBoard, Inc. offers innovative software and services designed to assist wireless telecommunications carriers in optimizing their network performance. By collecting and analyzing measured network data, the company enables carriers to explore various scenarios related to network reliability and capacity. This solution addresses the challenges faced by mobile operators, such as resource scarcity and heightened consumer expectations, particularly in a challenging financial environment. Through its offerings, ScoreBoard aims to help carriers better meet their commitments to investors and customers alike.

Doctor Quality

Series B in 2000
DoctorQuality.com is an innovative company dedicated to enhancing the quality of healthcare for consumers, purchasers, and the healthcare community. As the first Quality Benefits Management (QBM) company, DoctorQuality.com focuses on the economic advantages of prioritizing quality in healthcare delivery. It offers an integrated suite of products and services designed to measure, select, and improve the quality of care. The company provides comparative and benchmarking capabilities developed by experienced healthcare professionals, facilitating proactive implementations of best practices and improvements in patient safety. By emphasizing quality benefits management, DoctorQuality.com aims to create a marketplace that rewards stakeholders who prioritize high-quality healthcare outcomes.

SOFTRAX

Venture Round in 2000
SOFTRAX specializes in revenue management and accounting solutions, offering a comprehensive software service designed for various sectors, including technology, media and entertainment, manufacturing, construction, and healthcare. Its Revenue Management System (RMS) uniquely combines automation for one-time, milestone, subscription, consumption, and renewal billing with complex revenue recognition, streamlining the overall revenue management process. This solution is built to comply with ASC 606 and IFRS 15 standards, ensuring accurate and timely processing of financial data. SOFTRAX RMS enhances back-office functionality by automating order management, billing, and contract renewal management, while seamlessly integrating with existing ERP, CRM, and CPQ systems. By accounting for exchange rates, taxes, and payment data, SOFTRAX enables organizations to focus on more strategic and analytical tasks, thereby improving operational efficiency.

Viaken Systems

Series A in 2000
Viaken Systems is the premier full service ASP (Application Service Provider) for the life sciences, offering solutions for biotechnology, pharmaceutical, and agricultural companies. Viaken hosts third-party research informatics application solutions and e-commerce services in the areas of genome informatics, chem informatics, and pharmaco informatics at its tier one data center and delivers these services via the Internet. The company’s unique ASP platform enables companies of all sizes to utilize the same state-of-the-art research information technology (IT) as implemented by top-tier organizations. Viaken specializes in architecture design, application and database hosting, distributed access to high performance computing services, secure network management, and 24x7x365 system and application support. The company also designs, implements, and hosts custom solutions to meet any of its customers’ IT requirements.

Mesa Systems Guild

Series B in 2000
Mesa Systems Guild, Inc. is a privately held corporation focused on developing, marketing, and maintaining collaborative solutions aimed at enhancing organizational productivity. The company offers a product development portal that facilitates virtual meetings, task and schedule management, and the reuse of project data during product development. This platform allows businesses to select customized, best-of-breed tools tailored to their specific needs in the product development process, thereby improving efficiency and collaboration among teams.

Cendex

Series A in 2000
Cendex is a leading developer/operator of NetMarkets -- vertical Internet communities serving targeted business-to- business industries.

Sprockets.com

Series A in 2000
Sprockets is a music publishing company. They establish relationships with songwriters and artists within the music community.

Para-Protect

Series A in 1999
Para-Protect Inc is an authority on network and e-commerce security.

MindLever Corporation

Series A in 1999
MindLever.com provides an integrated e-learning environment over the internet.

Response Networks

Venture Round in 1999
Response Networks provides business communications solutions aimed at enhancing responsiveness to clients, partners, and prospects. The company specializes in a range of products and services, including Virtual Phone Systems, Hosted VOIP, and Installed Communications Solutions. Targeting small and medium-sized businesses, Response Networks offers advanced voice networking capabilities. Additionally, the company provides maintenance and support services for various communication platforms, such as Avaya IP Office, Partner ACS, and Quick Edition. Through these services, Response Networks helps businesses improve their communication efficiency and effectiveness.

NxtWave Communications

Series B in 1999
NxtWave Communications Inc. focuses on the design and marketing of integrated circuits tailored for the telecommunications industry. The company's products are essential for various applications, including digital televisions, digital video recorders, personal computers, and cable modems. By providing high-performing, feature-rich, and cost-effective semiconductors, NxtWave enables manufacturers to enhance their broadband communication capabilities. Their commitment to error-free video and data communications positions them as a key player in the broadband sector.

ScoreBoard

Series A in 1999
ScoreBoard, Inc. offers innovative software and services designed to assist wireless telecommunications carriers in optimizing their network performance. By collecting and analyzing measured network data, the company enables carriers to explore various scenarios related to network reliability and capacity. This solution addresses the challenges faced by mobile operators, such as resource scarcity and heightened consumer expectations, particularly in a challenging financial environment. Through its offerings, ScoreBoard aims to help carriers better meet their commitments to investors and customers alike.

Interscope Technologies

Series A in 1999
Interscope Technologies, Inc., founded in 1998 and based in Wexford, PA, specializes in clinical pathology software services. Established by Dr. Michael Becich and a team of pathologists from the University of Pittsburgh Medical Center, the company provides a comprehensive suite of integrated slide imaging, case flow, and clinical data management applications. These tools are designed for use in anatomic pathology, toxicology, and genomic environments, serving clinical, research, and educational institutions in the healthcare sector.

TechTrader

Venture Round in 1999
TechTrader is a technology provider specializing in e-commerce solutions for business-to-business markets. The company focuses on digitizing offline business processes, enabling clients to maintain their competitive edge in the marketplace. Its technology facilitates genuine application collaboration, fostering synergy among various applications and back-end systems. Additionally, TechTrader offers value-added features, including market intelligence, to enhance the functionality and effectiveness of its services.

NxtWave Communications

Series A in 1998
NxtWave Communications Inc. focuses on the design and marketing of integrated circuits tailored for the telecommunications industry. The company's products are essential for various applications, including digital televisions, digital video recorders, personal computers, and cable modems. By providing high-performing, feature-rich, and cost-effective semiconductors, NxtWave enables manufacturers to enhance their broadband communication capabilities. Their commitment to error-free video and data communications positions them as a key player in the broadband sector.
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