Southeast Interactive Technology Funds

Southeast Interactive Technology Funds was a venture capital firm established in 1995 and based in Morrisville, North Carolina, with an additional office in Redwood City, California. The firm specialized in investing in early, mid, and late-stage companies primarily within the information technology and communications sectors. Its investment focus included enterprise management and software, Internet infrastructure, telecommunications, and business services. The firm was particularly interested in innovations related to energy applications, advancements in computing efficiency, and ideas that enhanced data utility for businesses and consumers. Southeast Interactive Technology Funds aimed to lead or co-lead initial investments, primarily targeting companies based in the Southeastern United States. The firm was known for its proactive investment approach and strong partnerships with management teams. However, it is now out of business.

Rick Sears

General Partner

Thomas Tull

Principal

25 past transactions

Allconnect

Venture Round in 2007
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Allconnect

Series H in 2006
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Allconnect

Series G in 2005
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Allconnect

Series F in 2004
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Allconnect

Series F in 2004
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Allconnect

Series E in 2003
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Arsenal Digital Solutions

Series D in 2003
Arsenal Digital Solutions provides on-demand data protection services for server and personal computer data protection, backup and recovery, business continuity, disaster recovery, and regulatory compliance. Its services include ViaRemote, an on-demand data protection service for servers and personal computers; ViaBack, a tape and/or disk based data protection service form hosted applications and servers; and ViaManage, a services for monitoring and managing storage and backup environments.

BuildLinks

Series B in 2002
They believe a comprehensive construction management platform is the key to increasing operational efficiency for builders. That’s why they have put so much time and thought into BuildLinks, developing a robust and reliable platform ready to aggregate and analyze the data you need to make confident decisions. BuildLinks, Inc. was founded in 2000. In over a decade of collaboration with builders like you, they have learned how to best help you increase efficiencies, drive down costs and maximize profits. The latest generation of the BuildLinks software serves as an enterprise-wide data platform that coordinates trade partners, purchasing and supply chain with construction and design center activities. Delivered through a Software-as-a-Service distribution model, BuildLinks offers one holistic view that enables builders to make strategic, data-driven business decisions.

Allconnect

Series C in 2002
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Arsenal Digital Solutions

Venture Round in 2001
Arsenal Digital Solutions provides on-demand data protection services for server and personal computer data protection, backup and recovery, business continuity, disaster recovery, and regulatory compliance. Its services include ViaRemote, an on-demand data protection service for servers and personal computers; ViaBack, a tape and/or disk based data protection service form hosted applications and servers; and ViaManage, a services for monitoring and managing storage and backup environments.

Nitronex

Series B in 2001
Nitronex is a leading developer and manufacturer of gallium nitride-on-silicon (GaN-on-Si) RF power devices, specializing in high-performance semiconductors for various applications. Founded in 1999 by graduates of the wide bandgap program at North Carolina State University, the company is headquartered in Durham, North Carolina. Nitronex focuses on producing GaN-based RF power transistors that serve markets including wireless communications, broadband, and military applications. With a strong commitment to innovation, the company holds 21 patents and has an additional 17 patents pending, highlighting its role as a pioneer in the development of advanced semiconductor technology.
FlightTime.com, formerly Flight Time Corporation, becomes The Global Aviation Network with the acquisition of Wyvern Ltd. and Mach-1. Since 1985, FlightTime.com has specialized in providing premium air charter to travelers worldwide. FlightTime.com’s expert knowledge of global air transportation has made us the leading provider of air charter services worldwide. FlightTime.com’s extensive presence with offices in Boston, New York, Washington D.C., Atlanta, Miami, San Francisco, Los Angeles, London, Amsterdam, Bremen, and Milan puts us in a unique position to ensure that even the most complex travel missions, whether domestic or international, are a success. LAS VEGAS, NEVADA, February 2, 2000 Flight Time Corporation, the global leader in air charter, today announced it will acquire Wyvern Ltd., an industry-leading safety and compliance auditing firm, and MACH-1 Software Corporation, a provider of aviation enterprise management software, and rename the company FlightTime.com. FlightTime.com will leverage the well-known safety and superior technology components associated with Wyvern and MACH-1 with the company’s existing e-commerce site AirCharter.com to create the first, audited global aviation network. FlightTime.com also announced it has received substantial financial backing from Southeast Interactive Technology Funds (SEI) and BancBoston Ventures to fund the company’s rapid growth, extensive future technology investments and commitment toward the marketing and distribution of charter going forward. “Until now, the charter industry has lacked a single one-stop resource to find and book aircraft from an aviation network, ” said Robert McBride, president of FlightTime.com. “With these acquisitions and new funds, FlightTime.com will integrate global supply and distribution to create an “end-to-end” network built on a single platform, providing real-time access to a global fleet of audited aircraft residing on a single, intelligent system via the Internet.” The acquisition of Wyvern Ltd. is one component of FlightTime.com’s move to create a seamless and fully integrated solution for the aviation industry by using the company’s extensive expertise and objective information on the safety, quality and service of specific aircraft and operators on four continents. The comprehensive standards of performance provided by Wyvern cover areas of operations, auditing, management and administration, flight operations and maintenance. Wyvern Ltd. will operate independently of FlightTime.com as a wholly-owned subsidiary. “Wyvern reinforces FlightTime.com’s commitment to providing a world-class aviation solution,” said Walter Lamon, III, president of Wyvern Ltd. “They intend to extend the network aggressively over the next eighteen months as part of their goal to create a fully audited network.” “Incorporating Wyvern data into the FlightTime.com business is an important step in their ability to offer global access to the most credible and reliable safety information in the aviation industry, ” said Jane McBride, founder and chief executive officer of Flight Time. “Their clients depend on operators cleared by Wyvern, which is synonymous with quality, safety and reliability.” MACH-1’s advanced technology and design will provide the technological infrastructure for FlightTime.com. MACH-1 is the most advanced software product available to the general and business aviation market that integrates a variety of complex aviation software functions into a seamless system, increasing productivity, supporting extensive business and industry intelligence, and eliminating data-entry duplication. With the acquisition, FlightTime.com has purchased the exclusive global aviation rights to use Visual Knowledge™, the proprietary development platform upon which MACH-1 is built. The unique design of FlightTime.com’s web-based program will allow operators using the network to book aircraft from other operators participating in the system.

Pixel Magic Imaging

Series B in 2001
Pixel Magic has pioneered many of the retail imaging technologies that are accepted as standards today. The company has shipped over 6,000 systems to date to such clients as Eckerd Drug, Meijer Corp, Japan Camera Centre, and Carnival Cruise Lines. Pixel Magic Imaging was founded on and continues to promote open architecture, modular digital imaging solutions designed to help consumers easily take advantage of the many benefits digital photography offers.

Nitronex

Series A in 2000
Nitronex is a leading developer and manufacturer of gallium nitride-on-silicon (GaN-on-Si) RF power devices, specializing in high-performance semiconductors for various applications. Founded in 1999 by graduates of the wide bandgap program at North Carolina State University, the company is headquartered in Durham, North Carolina. Nitronex focuses on producing GaN-based RF power transistors that serve markets including wireless communications, broadband, and military applications. With a strong commitment to innovation, the company holds 21 patents and has an additional 17 patents pending, highlighting its role as a pioneer in the development of advanced semiconductor technology.

Allconnect

Series C in 2000
Allconnect, Inc. is a multi-channel marketplace that connects consumers with essential home services such as media, broadband, home protection, energy, and green products. Founded in 1998 and based in Atlanta, Georgia, the company provides a convenient platform for customers to compare and connect various household services, saving them time and money. Allconnect's offerings extend through partnerships with utility and energy companies, reaching over 50 million households, and are available online at allconnect.com. The company engages with over 20 million consumers annually, enhancing customer satisfaction and increasing revenue for its partners. Allconnect’s customer satisfaction is notable, ranking in the top 10 percent of companies nationwide according to the American Customer Satisfaction Index. In addition to its headquarters in Atlanta, Allconnect has offices in Houston, Texas; Lexington, Kentucky; and St. George, Utah. It operates as a subsidiary of Red Ventures, LLC.

Arsenal Digital Solutions

Venture Round in 2000
Arsenal Digital Solutions provides on-demand data protection services for server and personal computer data protection, backup and recovery, business continuity, disaster recovery, and regulatory compliance. Its services include ViaRemote, an on-demand data protection service for servers and personal computers; ViaBack, a tape and/or disk based data protection service form hosted applications and servers; and ViaManage, a services for monitoring and managing storage and backup environments.

Dirty Water

Venture Round in 2000
Dirty Water Integrated is a Health, Wellness and Fitness company.

HAHT Commerce

Venture Round in 2000
HAHT Commerce, an award-winning provider of demand chain management applications was acquired by Global eXchange Services, a leading provider of B2B integration solutions in February 2004.

Travelago

Venture Round in 2000
Travelago brings high-quality streaming video straight to your desktop! Due to the nature of the cutting-edge technology.

TriVergent Communications

Private Equity Round in 2000
TriVergent, headquartered in Greenville, SC, is a rapidly growing Integrated Communications Provider. They're uniquely positioned in the marketplace through their bundled offering of integrated DSL high-speed Internet access, Web site design and hosting services, as well as local and long distance telephone services. As a fully integrated service provider of end-to-end technologies, TriVergent delivers an extensive set of data networking solutions and comprehensive voice CPE to complement their core DSL offering. Founded as State Communications in 1997 and named "One of the 50 Companies to Watch in 2000" by digitalsouth magazine for two consecutive years, TriVergent is led by former top executives from Corporate Telemanagement Group and LCI International (now Qwest Communications) and Tel Man/Southern Net (now MCI WorldCom). TriVergent's management team possesses the necessary experience and leadership to successfully guide TriVergent into the 21st century. TriVergent's primary focus is the deployment of an eighteen-switch, ATM-backbone, high-speed data network that will cover 26 Southeastern metropolitan markets.

Buildnet

Series C in 2000
Buildnet offers management software to homebuilders. Its product, BuildNet, Inc. Exchange, provides internet-based procurement, e-commerce, and information services to homebuilders, suppliers, and manufacturers. Buildnet is based in Durham, North Carolina, United States.

Mercari Technologies

Series B in 1999
BAV Software, They developed and introduced Their unique approach to merchandise technology. This is exemplified both in the Collaborative Merchandise Optimization TM (CMO) process and the InitiaLink TM product. In order to better reflect Their mission and commitment, They have chosen to rename the company Mercari Technologies, Inc.

PaylinX

Series A in 1998
PaylinX specializes in the design, development, and marketing of point-of-sale (POS) software solutions, with a focus on providing comprehensive support services for its products. The company offers a payment server that facilitates real-time authorization and settlement of credit card and other payment transactions. Its payment solutions empower businesses to accept and process transactions across various sales channels, including web storefronts, call centers, interactive voice response systems, in-store POS systems, and kiosks. Founded in 1994 and based in Foster City, California, PaylinX was acquired by Cybersource in July 2000, positioning itself as a key player in the evolving landscape of e-commerce payment services.

Accipiter

Series A in 1997
Accipiter offers online advertising solutions and services worldwide. It offers AdManager, an ad management solution that allows to increase targeting capabilities to speed ad delivery and to monitor and control inventory projections in real-time; Ad Trafficking, which provides AdManager hosted clients with outsourced and customized solution to administer the campaign management process; AdMarket, a real-time bid-for-placement technology enabling publishers to operate branded online advertising marketplaces and transact with advertisers who are requesting a pay-per-click pricing model; and Visitor Interest Behavioral Engine, a behavioral targeting solution that delivers promotions and content to interested prospects. Accipiter is based in Raleigh, North Carolina with an additional office in London, United Kingdom.

Accipiter

Seed Round in 1996
Accipiter offers online advertising solutions and services worldwide. It offers AdManager, an ad management solution that allows to increase targeting capabilities to speed ad delivery and to monitor and control inventory projections in real-time; Ad Trafficking, which provides AdManager hosted clients with outsourced and customized solution to administer the campaign management process; AdMarket, a real-time bid-for-placement technology enabling publishers to operate branded online advertising marketplaces and transact with advertisers who are requesting a pay-per-click pricing model; and Visitor Interest Behavioral Engine, a behavioral targeting solution that delivers promotions and content to interested prospects. Accipiter is based in Raleigh, North Carolina with an additional office in London, United Kingdom.
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