First Analysis

First Analysis is a Chicago-based investment firm with a long history in venture capital, having been founded in 1981. With over 30 years of experience, it has invested more than $750 million across various diversified funds, primarily focusing on early-stage investments in technology/software, healthcare, services, and clean-tech/chemicals sectors. The firm offers a range of financial advisory services, including mergers and acquisitions, divestitures, equity placements, and corporate restructuring. First Analysis aims to support established companies in becoming market leaders by funding growth initiatives and collaborating closely with management on strategy, recruitment, sales, and corporate development. The firm typically invests between $3 million and $10 million, either as a lead investor or as part of a syndicate, contributing valuable insights to its portfolio companies. As a subsidiary of First Analysis Corporation, it continues to play a significant role in the investment landscape.

Lawrence Berlin

Senior Vice President

Joseph Chopp

Vice President And Chief Financial Officer

Richard Conklin

Managing Director, Investment Banking

John Dexheimer

Partner

Clement Erbmann

Managing Director

Brian Friedman

managing Director, Investment Banking

David Gearhart

Investment Team

Corey Greendale

Managing Director

Terry Kiwala

Vice President

Paul Kleinaitis

VP

Daniel Louis Leonard

VP

Dave Leshuk

Managing Director and Marketing Communications Coordinator

David John Leshuk

MD and Research Director

Jim Macdonald

Managing Director

James Macdonald

Managing Director

Tracy Marshbanks

Managing Director

Joseph Munda

Senior Vice President

Craig Nankervis

Senior Vice President

Matthew Nicklin

Founder and Chairman

Michael Siemplenski

Managing Director Emeritus

Daniel Smereczynski

CTO

Howard Smith

Managing Director

Angela Soliz

Vice President and Chief Fund Financial Officer

Frank Sparacino

Senior Vice President

Christopher Stiegal

VP

Kiwala Jr., C.F.A., Terrence

VP of Enterprise Productivity Software

85 past transactions

Drive My Way

Venture Round in 2022
Drive My Way, Inc. develops and operates an online personalized recruitment platform, which provides job matches for commercial truck drivers and employers. The company's platform allows trucking industry employers to post jobs based on key attributes and also export driver profiles directly into applicant tracking systems. Its technology facilitates truck drivers to create there profiles based on qualifications and lifestyle preferences. The company provides filtration processes based on schedule, location, benefits, and related perks. It also offers a content portal for members to see industry news and maintain a professional network. The company was founded in 2014 and is headquartered in Chagrin Falls, Ohio.
Fortress Information Security LLC, based in Orlando, Florida, specializes in third-party risk management, cloud and mobile risk management, threat monitoring, incident response, and operational intelligence services. Founded in 2015, the company serves a diverse range of industries, including power utilities, transportation, finance, and healthcare. Fortress employs a comprehensive approach that combines technology, analytics, and services to address emerging cyber threats. Its distinctive Fortress Platform serves as a centralized resource for identifying and managing risks across clients' digital ecosystems, integrating IT, operational technology, and supply chain vulnerabilities. By utilizing risk assessments, continuous monitoring, and expert analysis, Fortress provides clients with actionable insights to enhance security and ensure regulatory compliance, streamlining the process of safeguarding their connected assets.

Insellerate

Private Equity Round in 2022
Insellerate, LLC specializes in sales automation solutions tailored for the mortgage lending, real estate, sales center, and insurance sectors. Founded in 2012 and headquartered in Costa Mesa, California, the company offers a suite of cloud-based products designed to enhance lead optimization and sales management. Its key offerings include inFlow for sales force automation and lead management, inSight for real-time sales dashboard reporting, and inTouch for automated personalized email marketing. Insellerate aims to improve borrower engagement and streamline the sales process, helping lenders close more loans and fostering repeat business. The platform is designed to integrate with existing software systems and is certified to meet stringent regulatory standards, making it suitable for highly regulated industries.

SynergySuite

Funding Round in 2021
SynergySuite Limited designs and develops cloud based restaurant management software for restaurants and hospitality businesses. Its back-office software includes tools to manage inventory and purchasing, recipe costing, food safety, scheduling business intelligence, cash management, time and attendance, human resource and staffing, reporting, cash management, and product pricing. The company serves to quick service and fast casual restaurants, table service restaurants, and bars and hotels. SynergySuite Limited was founded in 2011 and is based in Dublin, Ireland with additional offices in Lehi, Utah and the United Kingdom.

SmartCommerce

Series B in 2021
SmartCommerce helps CPG brands like P&G, Unilever and Nestle get their products into retailer carts. SmartCommerce provides the shortest, simplest path into the shopping carts at the customers’ choice of retailers. The international SmartCommerce team has decades of experience in CPG eCommerce (it’s their passion), and would love the opportunity to show you what their next-gen eCommerce tools could be doing for your brand!

Visage

Series A in 2021
Visage Inc operates visage.jobs, a hiring platform designed to help employers identify and engage underrepresented talent. Founded in 2014 and based in San Francisco, the company utilizes a crowdsourcing recruitment model that allows users to source, upload, and submit candidate profiles. The platform automates the search for passive candidates, significantly reducing the time spent on manual tasks such as Boolean searches and resume reviews. By submitting job requirements, employers receive 50 pre-filtered candidate profiles within 48 hours, sourced from a community of over 3,500 freelancers. The vetting process combines human insights and artificial intelligence, ensuring high-quality candidates. Additionally, Visage streamlines communication by enabling personalized email outreach with automated follow-ups, allowing employers to directly engage interested candidates and track interactions effectively.

Tracer

Series C in 2021
AppDetex is a developer of a brand protection platform used to monitor verticals, identify violators, and enforce property violations. Founded by longtime brand protection industry experts in 2012, AppDetex fights online brand infringement, fraud, and piracy. They focus and develop best-in-class technologies and methodologies that expose and enable takedowns of the many egregious and often criminal activities found online today while supporting our global customers with personal and expert service. It was founded in 2012 and headquartered in Boise, Idaho.

PCMI Corporation

Series A in 2021
PCMI offers a modular package of software solutions for the administration of F&I Products, Service Contracts, and Extended Warranties. Our SaaS platform, Policy Claim and Reporting Solutions™ (PCRS), supports and automates the full lifecycle of all aftermarket products and provides the most flexible environment for administrators, insurers, OEM’s, agents, and dealers to launch new products. Our global team enables continuous around-the-clock innovation and customer-focused support.

Mediant

Venture Round in 2020
Mediant is an industry-leading investor communications solutions provider. We power investor communications through intelligent technology and passionate people. Mediant actively develops game-changing new technologies for banks, brokers, corporate issuers, funds, and investment advisors. We connect the entire investor communications community through our single, secure platform. Established in 2002, Mediant enables leading financial institutions to enrich their customer relationships and unlock new levels of efficiency and accuracy through the unprecedented transparency of the MIC platform.

VIDA

Series C in 2020
VIDA Diagnostics, Inc. specializes in clinical imaging software and analysis services, focusing on lung and respiratory care. The company's flagship products include LungPrint, an automated AI-powered tool that analyzes chest CT scans to assess lung physiology and functional tissue, and VIDA|precision, which provides detailed lung measurements for pulmonary clinicians. Additionally, VIDA|vision enables interactive examination of advanced quantitative imaging analysis results. The company offers comprehensive image analysis services for both academic and clinical trials, including study design, CT protocol development, and data analysis. Founded in 2004 and headquartered in Coralville, Iowa, with an office in Minneapolis, VIDA's software is FDA cleared and CE-marked, making it suitable for clinical use in multiple regions, including the US, European Economic Area, Canada, and Australia. Through its innovative solutions, VIDA aims to empower healthcare organizations and physicians to enhance patient outcomes, especially for those at risk of chronic respiratory diseases such as COPD, interstitial lung disease, lung cancer, and COVID-19.

SmartWitness

Series A in 2019
SmartWitness Ltd., founded in 2007 and based in Croydon, United Kingdom, specializes in the design, manufacture, and distribution of in-vehicle cameras, recorders, and software solutions. The company focuses on enhancing vehicle risk analysis through its innovative products, which have garnered positive results for clients in various sectors. SmartWitness aims to redefine the standards of vehicle equipment by providing advanced technology that addresses safety and risk management in transportation.

SynergySuite

Series A in 2019
SynergySuite Limited designs and develops cloud based restaurant management software for restaurants and hospitality businesses. Its back-office software includes tools to manage inventory and purchasing, recipe costing, food safety, scheduling business intelligence, cash management, time and attendance, human resource and staffing, reporting, cash management, and product pricing. The company serves to quick service and fast casual restaurants, table service restaurants, and bars and hotels. SynergySuite Limited was founded in 2011 and is based in Dublin, Ireland with additional offices in Lehi, Utah and the United Kingdom.

Tracer

Series B in 2019
AppDetex is a developer of a brand protection platform used to monitor verticals, identify violators, and enforce property violations. Founded by longtime brand protection industry experts in 2012, AppDetex fights online brand infringement, fraud, and piracy. They focus and develop best-in-class technologies and methodologies that expose and enable takedowns of the many egregious and often criminal activities found online today while supporting our global customers with personal and expert service. It was founded in 2012 and headquartered in Boise, Idaho.
Fortress Information Security LLC, based in Orlando, Florida, specializes in third-party risk management, cloud and mobile risk management, threat monitoring, incident response, and operational intelligence services. Founded in 2015, the company serves a diverse range of industries, including power utilities, transportation, finance, and healthcare. Fortress employs a comprehensive approach that combines technology, analytics, and services to address emerging cyber threats. Its distinctive Fortress Platform serves as a centralized resource for identifying and managing risks across clients' digital ecosystems, integrating IT, operational technology, and supply chain vulnerabilities. By utilizing risk assessments, continuous monitoring, and expert analysis, Fortress provides clients with actionable insights to enhance security and ensure regulatory compliance, streamlining the process of safeguarding their connected assets.

Checkpoint Surgical

Series D in 2018
Checkpoint Surgical, Inc. specializes in manufacturing neuro devices designed to assist surgeons in locating and identifying nerves and evaluating nerve and muscle excitability during surgical procedures. The company's flagship product, the CHECKPOINT 9094, is a hand-held nerve stimulator that enables surgeons to assess motor nerve tissue and muscle function in complex surgeries requiring meticulous tissue dissection. Additionally, the CHECKPOINT 9394 is a single-use intra-operative stimulator tailored for head and neck procedures, facilitating similar evaluations. Checkpoint Surgical's products are utilized across various medical fields, including head and neck, hand and extremity surgery, targeted muscle re-innervation, orthopedic oncology, trauma, and plastic reconstruction. The firm distributes its devices through a network of distributors in the United States and has been operational since its founding in 2009, with its headquarters located in Cleveland, Ohio.

Waggl, Inc.

Series A in 2018
Waggl, Inc. develops an online tool that enables organizations to make better decisions. Its tool allows organizations to send questions to the targeted group, and get insights to make decisions. The company serves organizations in the United States and internationally. Waggl, Inc. was incorporated in 2014 and is based in Sausalito, California.

Chrome River Technologies

Venture Round in 2018
Chrome River Technologies, Inc. lets business flow for some of the world’s largest and most respected global organizations. Our highly-configurable cloud-based expense reporting and supplier invoice automation solutions deliver an elegant and intuitive user interface, which offer the same high quality experience on a smartphone, tablet or laptop. Our SaaS products provide a world-class business rules engine and technology infrastructure, combined with a completely agile solution that supports today's changing business climate, and that CFOs, AP and travel managers, and employees will all love.

Blue Medora

Series B in 2017
Blue Medora is pioneering total IT system insight without plugins. Its software easily connects system health and performance data--no matter its source--with the world’s leading monitoring and analytics platforms, breaking barriers to today’s IT challenges. Based in Grand Rapids, Mich, Blue Medora helps more than 350 customers to unlock Dimensional Data across their IT stack.

ViralGains

Series B in 2017
ViralGains, Inc. operates a video marketing platform that assists advertising agencies and brands in effectively reaching their target audiences. The platform enhances consumer engagement by distributing video content across various digital destinations, including blogs, social games, and social news, while also leveraging influencers. By facilitating a two-way conversation, it enables marketers to understand consumer preferences and emotions, allowing them to create tailored brand journeys that resonate with potential customers. This approach aims to generate awareness, influence intent, and ultimately impact purchasing decisions. Founded in 2012 and headquartered in Boston, Massachusetts, ViralGains has expanded its presence with regional offices in several major cities, including Chicago, Detroit, Los Angeles, San Francisco, and New York.

yello

Series C in 2017
Yello, Inc. develops talent acquisition software solutions. The company offers campus recruiting, event management, interview scheduling, mobile recruiting, talent relationship management, referral, video interviewing, and evaluation management software products. It serves clients ranging from Fortune 500 global enterprises to high-growth and early-stage companies. Yello, Inc. was formerly known as Recsolu, Inc. and changed its name to Yello, Inc. in June 2015. The company was founded in 2008 and is based in Chicago, Illinois.

yello

Series B in 2016
Yello, Inc. develops talent acquisition software solutions. The company offers campus recruiting, event management, interview scheduling, mobile recruiting, talent relationship management, referral, video interviewing, and evaluation management software products. It serves clients ranging from Fortune 500 global enterprises to high-growth and early-stage companies. Yello, Inc. was formerly known as Recsolu, Inc. and changed its name to Yello, Inc. in June 2015. The company was founded in 2008 and is based in Chicago, Illinois.

StreamLink Software

Venture Round in 2016
StreamLink Software is a Software-as-a-Service company that specializes in grant management solutions for nonprofits and the public sector. Founded in 2008 and headquartered in Cleveland, Ohio, the company offers a comprehensive platform named AmpliFund, which facilitates the management of all stages of the grant lifecycle. AmpliFund aims to enhance operational capacity and efficiency by automating grant compliance and standardizing data processes. Through its innovative software, StreamLink Software supports organizations in navigating the complexities of grant management effectively.

Apixio

Series D in 2016
Apixio, Inc. is a data science company focused on healthcare, offering a cognitive computing platform that enhances risk adjustment and quality measurement. Its flagship product, HCC Profiler, is a software-as-a-service application that utilizes artificial intelligence to analyze medical charts and Medicare-reported chronic condition data, allowing health systems and insurers to assess patient risk scores more accurately than traditional methods. Additionally, Apixio provides the Quality Identifier, which helps health plans and providers gain essential patient insights for improved care delivery, and the Compliance Auditor, designed for insurers to validate the accuracy of their risk adjustment coding efforts. Founded in 2009 and based in San Mateo, California, Apixio aims to facilitate targeted care delivery and optimize payment processes for patients enrolled in Medicare Advantage.

Aventri

Series C in 2016
Aventri, Inc. operates a cloud-based event and meeting management platform that serves a diverse range of industries, including education, finance, technology, media, and non-profits. Its software supports event planners and managers by facilitating various functions such as registration, event website creation, email marketing, and venue sourcing. The platform is designed to enhance event performance through real-time data analytics and insights, enabling users to measure customer engagement and optimize event outcomes. Aventri's solutions cater to a wide array of event types, including conferences, trade shows, virtual and hybrid events, and internal meetings. Founded in 1998 and based in Norwalk, Connecticut, the company has expanded its presence with additional offices in the United States, Europe, the Middle East, and the Asia Pacific. Previously known as eTouches, Aventri rebranded in July 2018 to reflect its focus on data-driven event management.

Netchex

Venture Round in 2016
Netchex is a human resource software company that provides a comprehensive cloud-based platform designed to manage various HR functions. This platform includes features for Payroll and Tax, Time and Attendance, Benefits Administration, Recruiting and Onboarding, and Performance Management. As one of the fastest-growing companies in the payroll and HR services sector in the United States, Netchex has expanded its team and client base while maintaining a strong commitment to delivering an exceptional user experience through its software solutions and support services.

NimbeLink

Series A in 2016
NimbeLink Corp. specializes in designing and developing cellular-based solutions, including carrier-certified embedded modems and asset tracking systems. The company provides a range of services and products such as Internet of Things (IoT) support, Subscriber Identification Module (SIM) cards, cellular plans, development kits, and Skywire activations. Targeting small- and medium-sized enterprises, NimbeLink focuses on the machine-to-machine (M2M) connectivity market, offering solutions applicable in various sectors, including agriculture, consumer goods, construction, industrial applications, and supply chain logistics. Established in 2013 and headquartered in Plymouth, Minnesota, the company leverages a team of skilled engineers and designers to facilitate the development of certified IoT solutions that enable original equipment manufacturers (OEMs) to bring their products to market more efficiently.

Checkpoint Surgical

Series C in 2015
Checkpoint Surgical, Inc. specializes in manufacturing neuro devices designed to assist surgeons in locating and identifying nerves and evaluating nerve and muscle excitability during surgical procedures. The company's flagship product, the CHECKPOINT 9094, is a hand-held nerve stimulator that enables surgeons to assess motor nerve tissue and muscle function in complex surgeries requiring meticulous tissue dissection. Additionally, the CHECKPOINT 9394 is a single-use intra-operative stimulator tailored for head and neck procedures, facilitating similar evaluations. Checkpoint Surgical's products are utilized across various medical fields, including head and neck, hand and extremity surgery, targeted muscle re-innervation, orthopedic oncology, trauma, and plastic reconstruction. The firm distributes its devices through a network of distributors in the United States and has been operational since its founding in 2009, with its headquarters located in Cleveland, Ohio.

yello

Series B in 2015
Yello, Inc. develops talent acquisition software solutions. The company offers campus recruiting, event management, interview scheduling, mobile recruiting, talent relationship management, referral, video interviewing, and evaluation management software products. It serves clients ranging from Fortune 500 global enterprises to high-growth and early-stage companies. Yello, Inc. was formerly known as Recsolu, Inc. and changed its name to Yello, Inc. in June 2015. The company was founded in 2008 and is based in Chicago, Illinois.

BuyerQuest

Venture Round in 2015
BuyerQuest was founded on the idea that enterprise procurement should be just as easy as B2C eCommerce and delivers an eCommerce shopping experience for all Goods AND Services across the enterprise. BuyerQuest enables Procurement Teams to drive compliance through widespread user adoption.

Scale Computing

Series E in 2015
Scale Computing, Inc. specializes in edge computing, virtualization, and hyperconverged solutions tailored for midsized businesses. Founded in 2007 and headquartered in Indianapolis, Indiana, the company offers its HC3™ platform, which integrates servers, storage, and virtualization into a single, user-friendly system. This all-in-one appliance enhances storage speed and capacity while simplifying datacenter management. HC3 continuously monitors virtual machines and hardware components to ensure application availability and efficiently address infrastructure events. In addition to its core platform, Scale Computing provides services such as infrastructure refresh, virtual-to-virtual migration, physical-to-virtual migration, and disaster recovery solutions. As a result, the company is increasingly favored by IT departments across various industries looking to maintain high availability and scalability of their applications.

Courtagen Life Sciences

Private Equity Round in 2015
Courtagen Life Sciences is a privately held life science company that provides innovative proteomic and genomic products and services to the Life Sciences industry. Founded by innovators in next-generation sequencing (NGS), genetics, molecular biology, and information science, our company deliver tools that enable researchers and clinicians to make better decisions regarding drug development and patient care.

Sonoma Orthopedics

Series E in 2014
Sonoma Orthopedic Products designs, develops, and delivers proprietary orthopedic implants for physicians to address problematic fractures. The WaviBodyâ„¢ technology platform allows for quick, minimally invasive surgical solutions for active patients. Direct to Bone...Back To Life.

Scale Computing

Venture Round in 2014
Scale Computing, Inc. specializes in edge computing, virtualization, and hyperconverged solutions tailored for midsized businesses. Founded in 2007 and headquartered in Indianapolis, Indiana, the company offers its HC3™ platform, which integrates servers, storage, and virtualization into a single, user-friendly system. This all-in-one appliance enhances storage speed and capacity while simplifying datacenter management. HC3 continuously monitors virtual machines and hardware components to ensure application availability and efficiently address infrastructure events. In addition to its core platform, Scale Computing provides services such as infrastructure refresh, virtual-to-virtual migration, physical-to-virtual migration, and disaster recovery solutions. As a result, the company is increasingly favored by IT departments across various industries looking to maintain high availability and scalability of their applications.

VisiQuate

Series C in 2014
VisiQuate, Inc. specializes in simplifying enterprise information assets, primarily for healthcare and other large industries. The company's product suite includes Concerto, an operating system for displaying enterprise business content, and Harmoni, an integrated platform for data management. Other offerings include Numero, an analytic engine; Flo, a business process solution; Maestro, a big data sandbox; and Sonata, a data integration tool. VisiQuate also provides various analytics solutions focused on revenue management, patient access performance, and marketing, along with a master document called Playbook that outlines procedures to enhance revenue cycle outcomes. The company offers a range of services, including consulting, engineering, cloud hosting, and SaaS-based performance management. VisiQuate employs data scientists and subject matter experts to transform vast amounts of incompatible data into actionable insights, typically achieving significant returns on investment for clients within a year. Founded in 2009, VisiQuate is headquartered in Santa Rosa, California, with additional offices in Pennsylvania and Texas.

ITS Compliance

Venture Round in 2014
Since 1983, ITS Compliance (ITS) has been an industry leader in providing cost effective, Compliance & Risk Management Solutions. Our dedication to your success means we design and customize service solutions that meet your unique transportation management needs regardless of your size. Personalized service and cost effective solutions for Regulatory Compliance and Risk Management. Measure, monitor and manage compliance using ITS' industry leading technology driven solutions.

Fleetworthy Solutions

Venture Round in 2014
Fleetworthy Solutions, Inc. provides cloud based platform tools to transportation industry. The company’s products include eFleet Forms, which replace all paper form with one online portal that provides pre-built and complaint standard forms and form customization; eFleet Hub, which provides near real time data, one location and simplified processes; and Comply 2.0, a platform designed for commercial motor carrier to provide compliance standards in terms of safety, productivity, and profitability. It offers services, which includes consulting and audit support, DQ file management, DOT and safety compliance, fuel and milage tax filing, and asset management. Fleetworthy Solutions, Inc. was founded in 1983 and is based in Madison, Wisconsin.

Chrome River Technologies

Series C in 2014
Chrome River Technologies, Inc. lets business flow for some of the world’s largest and most respected global organizations. Our highly-configurable cloud-based expense reporting and supplier invoice automation solutions deliver an elegant and intuitive user interface, which offer the same high quality experience on a smartphone, tablet or laptop. Our SaaS products provide a world-class business rules engine and technology infrastructure, combined with a completely agile solution that supports today's changing business climate, and that CFOs, AP and travel managers, and employees will all love.

Mediant

Venture Round in 2014
Mediant is an industry-leading investor communications solutions provider. We power investor communications through intelligent technology and passionate people. Mediant actively develops game-changing new technologies for banks, brokers, corporate issuers, funds, and investment advisors. We connect the entire investor communications community through our single, secure platform. Established in 2002, Mediant enables leading financial institutions to enrich their customer relationships and unlock new levels of efficiency and accuracy through the unprecedented transparency of the MIC platform.

CSA Medical

Series C in 2013
CSA Medical, Inc. develops and manufactures innovative spray cryotherapy medical devices aimed at the destruction of unwanted tissue in various medical fields, including dermatology, gynecology, and general surgery. The company's flagship product, the truFreeze spray cryotherapy device, utilizes cold liquid nitrogen as a cryosurgical tool, allowing for the targeted destruction of tissue while promoting the regeneration of healthy tissue. Additionally, CSA Medical offers the Rapid AV Spray Kit, which enhances the truFreeze system by reducing the time required for liquid nitrogen application. Founded in 1993 and originally known as Crymed Technologies, the company rebranded to CSA Medical in 2006 and is headquartered in Baltimore, Maryland, with a research and development facility located in Lexington, Massachusetts.

UniversityNow

Series C in 2013
UniversityNow, Inc. is an online education provider based in San Francisco, specializing in higher education programs for working adults seeking to earn associate’s, bachelor’s, or master’s degrees from accredited universities in the United States. Founded in 2010, the company operates a network of schools and offers a learning platform designed to facilitate the educational experience for students, faculty, and administrators. UniversityNow's mission focuses on making affordable, high-quality post-secondary education accessible to individuals everywhere, striving to eliminate barriers to quality education and reduce the financial burden often associated with obtaining college degrees. As a subsidiary of the National University System, it aims to create a world where everyone has the opportunity to advance their education and improve their future.

Freeosk Inc

Series A in 2013
A network of in-store kiosks that drive trial and awareness for the world's biggest brands. Scan your in-store rewards card when shopping to discover new favorites every week. Freeosk Marketing, Inc is an affiliate company of Blue Sky Chicago, experts at executing in-store marketing events since 2003.

Chrome River Technologies

Series B in 2012
Chrome River Technologies, Inc. lets business flow for some of the world’s largest and most respected global organizations. Our highly-configurable cloud-based expense reporting and supplier invoice automation solutions deliver an elegant and intuitive user interface, which offer the same high quality experience on a smartphone, tablet or laptop. Our SaaS products provide a world-class business rules engine and technology infrastructure, combined with a completely agile solution that supports today's changing business climate, and that CFOs, AP and travel managers, and employees will all love.

Athersys

Post in 2012
Athersys is a biopharmaceutical company engaged in the discovery and development of therapeutic product candidates designed to extend and improve the quality of human life. The product development portfolio of the Company includes MultiStem, a stem cell product, which is being developed as a treatment for multiple disease indications, and is being evaluated in two ongoing clinical trials, and has been authorized for use in a third clinical trial. In addition, the Company is developing pharmaceuticals to treat indications such as obesity, certain cognitive and attention disorders, and narcolepsy or other forms of excessive daytime sleepiness.

DataSphere

Series D in 2012
DataSphere provides Web technology and an ad sales team focused on generating neighborhood level user engagement and monetization for existing media companies.

CSA Medical

Series B in 2011
CSA Medical, Inc. develops and manufactures innovative spray cryotherapy medical devices aimed at the destruction of unwanted tissue in various medical fields, including dermatology, gynecology, and general surgery. The company's flagship product, the truFreeze spray cryotherapy device, utilizes cold liquid nitrogen as a cryosurgical tool, allowing for the targeted destruction of tissue while promoting the regeneration of healthy tissue. Additionally, CSA Medical offers the Rapid AV Spray Kit, which enhances the truFreeze system by reducing the time required for liquid nitrogen application. Founded in 1993 and originally known as Crymed Technologies, the company rebranded to CSA Medical in 2006 and is headquartered in Baltimore, Maryland, with a research and development facility located in Lexington, Massachusetts.

Athersys

Post in 2011
Athersys is a biopharmaceutical company engaged in the discovery and development of therapeutic product candidates designed to extend and improve the quality of human life. The product development portfolio of the Company includes MultiStem, a stem cell product, which is being developed as a treatment for multiple disease indications, and is being evaluated in two ongoing clinical trials, and has been authorized for use in a third clinical trial. In addition, the Company is developing pharmaceuticals to treat indications such as obesity, certain cognitive and attention disorders, and narcolepsy or other forms of excessive daytime sleepiness.

Nitrosecurity

Venture Round in 2010
NitroSecurity specializes in providing Unified Information Security solutions designed to enhance network security for enterprises across various sectors, including healthcare, education, financial services, government, retail, and hospitality. The company utilizes patented data management technology to deliver a comprehensive suite of integrated security products. These offerings include security information and event management, log management, database activity monitoring, network analysis, and intrusion prevention. Key products from NitroSecurity include NitroView Enterprise Security Manager, NitroView LogCaster, and NitroGuard, all aimed at protecting business information and infrastructure while ensuring compliance and security in an increasingly complex digital landscape.

Nitrosecurity

Series D in 2008
NitroSecurity specializes in providing Unified Information Security solutions designed to enhance network security for enterprises across various sectors, including healthcare, education, financial services, government, retail, and hospitality. The company utilizes patented data management technology to deliver a comprehensive suite of integrated security products. These offerings include security information and event management, log management, database activity monitoring, network analysis, and intrusion prevention. Key products from NitroSecurity include NitroView Enterprise Security Manager, NitroView LogCaster, and NitroGuard, all aimed at protecting business information and infrastructure while ensuring compliance and security in an increasingly complex digital landscape.

Initiate Systems

Venture Round in 2008
Initiate Systems enables companies to strategically leverage and share critical data assets. Their master data management (MDM) software and experience as an information exchange leader provide complete, accurate and real-time views of data spread across multiple sources, even outside the firewall. This allows companies to unlock the value of your data assets for competitive advantages or operational improvements.

Achilles Group

Series A in 2008
Achilles Group Limited specializes in managing supply chain risk through identification, qualification, evaluation, and monitoring services. The company provides sustainable procurement solutions, which involve locating and vetting suppliers, as well as assessing and monitoring their performance. Achilles Group collects and disseminates comprehensive online information about suppliers, including financial health, safety practices, environmental policies, and product offerings. Their total supplier management solutions give organizations insight into supply chain risks, ensuring accurate and updated supplier information. Established in 1990 within the oil and gas sector, Achilles Group recognized the need for improved control among buyers, leading to the development of a community model and technology designed to enhance procurement processes. The company aims to minimize risk and compliance issues while simultaneously supporting suppliers in meeting buyer requirements and easing their qualification challenges.
True North Technology is the leading provider of on-demand information technology services and software to businesses and medical practices over the Internet. True North’s Northstar network provides instant access to software and files on any Internet-enabled device, at any time, anywhere in the world. It also enables customers to use software from multiple vendors and purchase secure, on-demand computer capacity on a subscription basis at a fraction of the cost of purchasing and supporting premise-based solutions. Northstar features an innovative network software switching technology, the first designed to deliver computing services and applications by leveraging the telecommunications industry service provider model for information technology services in other markets. The company has established a strong position as the leading provider of on-demand software services to small and mid-sized medical practices converting to and managing electronic health records (EHR) and upgraded practice management systems.

Movero Technology

Series A in 2007
Movero Technology, Inc. is a provider of managed IT services focused exclusively on mobility. Our focus is helping enterprise mobility customers successfully deploy and manage mobile devices in enterprise environments. Movero combines recognized domain experts, reliable and scalable technology and established processes to deliver a complete managed mobility solution that is customized to your organization. Our unique Software-as-a-Service mobility platform is backed by a certified 24x7 mobility support center to enable enterprise organizations to provide the highest quality of service to their mobile employees and the lowest possible cost.

Community Education Centers, Inc.

Funding Round in 2007
Community Education Centers, a provider of rehabilitative services in reentry and in-prison treatment facilities as well as management services for county, state and federal correctional and detention facilities.

Viracor-IBT Laboratories

Series C in 2007
Viracor-IBT Laboratories is dedicated to being the leading specialty diagnostics laboratory partner in allergy, immunology, and infectious disease testing. They provide doctors and hospitals the tests, results and support they need to deliver the best care possible, and they collaborate with pharmaceutical researchers to solve difficult problems and accelerate drug development.

Wimba

Series A in 2006
Wimba is a provider of collaborative learning software solutions and services to the Further/Higher Education and K-12 markets, as well as Publishing Services and Solutions that are widely adopted in academic publishing.

Nitrosecurity

Series C in 2006
NitroSecurity specializes in providing Unified Information Security solutions designed to enhance network security for enterprises across various sectors, including healthcare, education, financial services, government, retail, and hospitality. The company utilizes patented data management technology to deliver a comprehensive suite of integrated security products. These offerings include security information and event management, log management, database activity monitoring, network analysis, and intrusion prevention. Key products from NitroSecurity include NitroView Enterprise Security Manager, NitroView LogCaster, and NitroGuard, all aimed at protecting business information and infrastructure while ensuring compliance and security in an increasingly complex digital landscape.

NanoOpto

Series D in 2006
NanoOpto is applying proprietary nano-optics and nano-manufacturing technology to design and make components for optical systems and networks. Based on years of research, the company's technology allows orders of magnitude more rapid prototyping, higher performance, and lower overall system cost. Both on its own and with corporate partners, NanoOpto will use subwavelength techniques to produce better conventional optical components and also to create new classes of integrated components. The company's development of proprietary nano-pattern transfer techniques forms the basis for high volume manufacture at its facility in Somerset, New Jersey.

EraGen Biosciences

Series A in 2006
EraGen Biosciences, Inc., a biotechnology company, develops, manufactures, and markets molecular reagent products and software for research and clinical testing markets. The company offers molecular diagnostic assays for the early detection and monitoring of cancer, genetic, and infectious diseases, as well as for genetic-based conditions. Its products include molecular diagnostic tests, analyte specific reagents, in vitro diagnostic reagents, and research use only reagents; MultiCode-PLx Analysis Software that allows users to create customized templates for plate and assay layouts; and MultiCode-RTx Analysis Software, which enables users to create templates for quantitative and qualitative analyses. The company serves clinical laboratories and medical researchers. It sells its products through distributors in the United States and Canada. The company was founded as Sulfonics, Inc. in 1994 and changed its name to EraGen Biosciences, Inc. in 1999. EraGen Biosciences, Inc. is based in Madison, Wisconsin.

Bladelogic

Series D in 2005
Prior to its acquisition by [BMC](/organization/bmc-software) in 2008, BladeLogic provided data center automation solutions for IT organizations. BladeLogic's data center automation solutions enable a state where dynamic policies — that link people, management tasks, and configuration data — drive the automatic optimization of the IT infrastructure, creating a highly agile, business-driven IT environment. (Source: [BladeLogic](http://www.bladelogic.com/about-bladelogic/index.php))

Extraprise

Venture Round in 2005
Extraprise, Inc. operates as a systems integrator and business process outsourcer in customer management. Its insight-to-interaction solutions combine data management, business insight, demand generation, and customer management. The company was formed in 1997 and is headquartered in Boston, Massachusetts, with additional offices in the United States and Europe.

NanoOpto

Series C in 2005
NanoOpto is applying proprietary nano-optics and nano-manufacturing technology to design and make components for optical systems and networks. Based on years of research, the company's technology allows orders of magnitude more rapid prototyping, higher performance, and lower overall system cost. Both on its own and with corporate partners, NanoOpto will use subwavelength techniques to produce better conventional optical components and also to create new classes of integrated components. The company's development of proprietary nano-pattern transfer techniques forms the basis for high volume manufacture at its facility in Somerset, New Jersey.

Nitrosecurity

Series B in 2005
NitroSecurity specializes in providing Unified Information Security solutions designed to enhance network security for enterprises across various sectors, including healthcare, education, financial services, government, retail, and hospitality. The company utilizes patented data management technology to deliver a comprehensive suite of integrated security products. These offerings include security information and event management, log management, database activity monitoring, network analysis, and intrusion prevention. Key products from NitroSecurity include NitroView Enterprise Security Manager, NitroView LogCaster, and NitroGuard, all aimed at protecting business information and infrastructure while ensuring compliance and security in an increasingly complex digital landscape.

SecurePipe

Venture Round in 2004
SecurePipe, founded in 1996, provides security solutions to customers in a wide variety of industries including manufacturing, healthcare, banking, environmental response, consumer products and technology offering a three-tiered solution that combines managing, monitoring and maintaining network security. With a serious commitment to the individual customer relationship, we specialize in configuring and monitoring each system to meet the specific security needs of each customer.

IndX Software Corporation

Venture Round in 2003
IndX Software is an enterprise software company that designs and markets operations intelligence solutions for Fortune 2000 businesses (i.e., primarily process manufacturing) and their supply chains. The company’s product, XHQ, provides a single, coherent view of information that users need for real-time decision support or performance management, by extracting and integrating data from multiple, disparate back-end systems, aggregating and managing content, and distributing information to users. In 1999, Marwit led a $10 million equity investment in the Company.

Aprimo

Series D in 2002
Aprimo LLC specializes in cloud-based integrated marketing management software solutions. The company offers a range of products designed to enhance marketing productivity and performance tracking. Key offerings include Aprimo Enterprise, which aligns marketing activities across the value chain, and Aprimo Professional, focused on resource management, planning, and workflow. Other significant solutions include Aprimo Agency for workflow management, Aprimo Service to Sales for inbound marketing engagement, and Aprimo Marketing Studio, which facilitates the development and management of interactive marketing campaigns. Additionally, Aprimo provides the Digital Messaging Center for centralized digital communication management and Digital Asset Management software to optimize marketing resources. Serving various industries such as financial services, retail, and technology, Aprimo operates globally with offices in North America, Europe, and Asia. Founded in 1998 and headquartered in Indianapolis, Indiana, the company continues to support marketing organizations by leveraging technology and insights to improve operational efficiency.

Go2Call

Venture Round in 2001
Go2call.com is an online platform that delivers Voice over Internet Protocol (VoIP) solutions. The platform's products include Home which allows service providers to offer residential communications solutions; Enterprise that enables users to create, deploy, and manage multiple services for business end users; Mobile which offers calling card services with fixed line or mobile origination; and Call Shop that offers outbound calling services to call shops and internet cafes with multilevel call shop management tools. The platform's back office solutions enable carriers and resellers, broadband service providers, internet service providers, Voice over Internet Protocol license holders, call shops, and other distributors to offer VoIP services. Its solutions are also used by satellite providers, cyber cafes, systems integrators, mobile operators, and entrepreneurs. Go2call.com was founded in 1998 and is based in Evanston, Illinois. It operates as a subsidiary of Deltathree, Inc.

NETdelivery

Series C in 2001
The Boulder, Colo.-based company develops software to allow secure collection, distribution and management of business forms and information over the Internet, as a means to cut the amount of paper and time need to exchange the same information manually.

bTrade.com

Series C in 2001
bTrade.com, formerly Comm-Press Technologies, Inc., is the leading provider of infrastructure solutions that link e-Business partners and communities, whether Internet or legacy-based, without requiring changes to any existing applications.

Intradiem

Series B in 2001
Intradiem, Inc. specializes in intraday automation solutions for multi-channel contact centers, enhancing operational efficiency for frontline workforces across various sectors, including telecommunications, financial services, and healthcare. Founded in 1995 and based in Alpharetta, Georgia, the company offers a comprehensive Software as a Service (SaaS) platform that automates real-time management processes. This technology allows contact centers, back offices, and retail environments to adapt quickly to changing conditions, improving customer experience while reducing costs. Intradiem's solutions include task management, real-time adherence, intraday staffing, and alerts, all designed to support both in-house and remote staff. With over 250,000 frontline workers utilizing its services daily, Intradiem leverages patented AI technology to process substantial data in real-time, enabling immediate actions that enhance productivity and agent engagement. The company, formerly known as Knowlagent, Inc., rebranded in January 2013 to reflect its focus on innovative automation.

Dynamic Mobile Data

Series B in 2001
Dynamic Mobile Data Systems, Inc. develops mobile resource management solutions for midsize to large enterprises. It offers MobileServer, a wide area wireless platform infrastructure for two way wireless communications; Dynamic Mobile Application Suite, a set of configurable applications that provides a basis for moving corporate information to mobile resources; and Heads-Up!, a business activity monitoring and notification application for customers of mobile enterprises. The company also provides MobileDispatch, a two-way wireless dispatch solution that enables time sensitive communications and status tracking for companies; and Automated Vehicle Location software, which enables users to retrieve vehicle locations wirelessly. In addition, it offers services, such as implementation, maintenance, on-site or hosted training services; outsourced deployment, configuration, hosting, management, and support services of wireless applications; diagnostics, problem isolation and prioritization, updates, and fixes. Dynamic Mobile Data Systems, Inc. was founded in 1994 and is headquartered in Somerset, New Jersey.

Aprimo

Series C in 2000
Aprimo LLC specializes in cloud-based integrated marketing management software solutions. The company offers a range of products designed to enhance marketing productivity and performance tracking. Key offerings include Aprimo Enterprise, which aligns marketing activities across the value chain, and Aprimo Professional, focused on resource management, planning, and workflow. Other significant solutions include Aprimo Agency for workflow management, Aprimo Service to Sales for inbound marketing engagement, and Aprimo Marketing Studio, which facilitates the development and management of interactive marketing campaigns. Additionally, Aprimo provides the Digital Messaging Center for centralized digital communication management and Digital Asset Management software to optimize marketing resources. Serving various industries such as financial services, retail, and technology, Aprimo operates globally with offices in North America, Europe, and Asia. Founded in 1998 and headquartered in Indianapolis, Indiana, the company continues to support marketing organizations by leveraging technology and insights to improve operational efficiency.

IntervalZero

Venture Round in 2000
IntervalZero’s RTX software transforms Windows into a Real-Time Operating System (RTOS). For projects that demand a Windows user experience and require hard real-time or determinism, the RTX RTOS Platform enables OEMs and end users to capitalize on Windows, x86 multi-core multi-processor technology , symmetric multiprocessing (SMP) and real-time Ethernet. The RTX RTOS Platform reduce reliance on proprietary hardware such as DSPs and MCUs RTX has achieved a Safety Integrity Level 3 – SIL-3 – certifications and FDA Class II certification with numerous medical equipment manufacturers.

Comstellar Technologies

Series A in 2000
At Comstellar Technologies, Inc., we're building a major technology company with a singular focus on communications infrastructure utilizing a innovative operating model. We're focusing on communications infrastructure because that's increasingly central to all technologies. The possibilities are endless, the opportunities are worldwide, and the demand is explosive.

HandymanOnline.com

Venture Round in 2000
HandymanOnline is an online contractor referral service. It owns and operates an online community of professional contractors in construction and repair services that includes electricians, plumbers, and roofers. The company offers its users with project referrals, online purchasing, and customized business services. HandymanOnline is a U.S.-based company that was founded in 1998 by Eric Doebele.

bTrade.com

Series B in 2000
bTrade.com, formerly Comm-Press Technologies, Inc., is the leading provider of infrastructure solutions that link e-Business partners and communities, whether Internet or legacy-based, without requiring changes to any existing applications.

Global Commerce Systems

Series C in 2000
Global Commerce Systems has been a pioneer and technology leader in business-to-business e-commerce. We trace our roots back to the 1980s, when our predecessor, Ellery Systems, designed large-scale, distributed network systems over the Arpanet for the Department of Defense. Global Commerce Systems formed out of the experience and expertise built at Ellery to capitalize on the commercial application of Internet technologies to business solutions. Co-founders Geoffrey Shaw, Jeffrey Jordan and Peter Ossorio started Global Commerce Systems to help Fortune 1000 and Global 5000 companies seize the power of the Internet to strengthen their competitive positions by giving them the freedom to interconnect with their suppliers, buyers, customers and financial institutions in secure, real-time online marketplaces.

Intradiem

Series A in 2000
Intradiem, Inc. specializes in intraday automation solutions for multi-channel contact centers, enhancing operational efficiency for frontline workforces across various sectors, including telecommunications, financial services, and healthcare. Founded in 1995 and based in Alpharetta, Georgia, the company offers a comprehensive Software as a Service (SaaS) platform that automates real-time management processes. This technology allows contact centers, back offices, and retail environments to adapt quickly to changing conditions, improving customer experience while reducing costs. Intradiem's solutions include task management, real-time adherence, intraday staffing, and alerts, all designed to support both in-house and remote staff. With over 250,000 frontline workers utilizing its services daily, Intradiem leverages patented AI technology to process substantial data in real-time, enabling immediate actions that enhance productivity and agent engagement. The company, formerly known as Knowlagent, Inc., rebranded in January 2013 to reflect its focus on innovative automation.

XMLSolutions Corporation

Venture Round in 2000
XMLSolutions Corporation enables the secure, reliable, real-time B2B exchange of direct and indirect materials transactions over the Internet, among trading partners, exchanges and marketplaces of all sizes. XMLSolutions' technology provides true dialect independence among all existing and future EDI and XML standards. The XMLSolutions integrated solution includes support for XML-to-XML transformations; EDI-to-XML integration; and over 3000 mission-critical, industry-specific EDI business documents. XMLSolutions delivers a complete solution for the secure purchase of mission-critical goods over the Internet. XMLSolutions industry expertise extends well into the aerospace, automotive, petrochemical, computer and electronics, financial, insurance, utilities, healthcare, and retail industries.

Jamcracker

Debt Financing in 2000
Jamcracker is a cloud services management and cloud governance solutions company, with more than a decade of experience providing industry leading software and services. The Jamcracker platform powers the cloud services provisioning, cloud governance, management and operations for enterprise and government organizations, telecom service providers, managed services providers, systems integrators, distributors, value added resellers and technology providers. Jamcracker helps organizations manage, deliver, and govern their public, private and hybrid multi cloud services in addition to brokering third-party ISV cloud services. Using Jamcracker solutions, IT organizations and service providers can now unify and optimize cloud services delivery for their employees, customers, and channels. Jamcracker gives the flexibility you need to respond to rapidly changing business requirements. The Jamcracker platform greatly reduces the complexity and cost of multi cloud management and delivery. Moreover, our platform automates cloud governance, cloud cost management, policy controls and operations management.

IndX Software Corporation

Series C in 2000
IndX Software is an enterprise software company that designs and markets operations intelligence solutions for Fortune 2000 businesses (i.e., primarily process manufacturing) and their supply chains. The company’s product, XHQ, provides a single, coherent view of information that users need for real-time decision support or performance management, by extracting and integrating data from multiple, disparate back-end systems, aggregating and managing content, and distributing information to users. In 1999, Marwit led a $10 million equity investment in the Company.

Go2Call

Venture Round in 2000
Go2call.com is an online platform that delivers Voice over Internet Protocol (VoIP) solutions. The platform's products include Home which allows service providers to offer residential communications solutions; Enterprise that enables users to create, deploy, and manage multiple services for business end users; Mobile which offers calling card services with fixed line or mobile origination; and Call Shop that offers outbound calling services to call shops and internet cafes with multilevel call shop management tools. The platform's back office solutions enable carriers and resellers, broadband service providers, internet service providers, Voice over Internet Protocol license holders, call shops, and other distributors to offer VoIP services. Its solutions are also used by satellite providers, cyber cafes, systems integrators, mobile operators, and entrepreneurs. Go2call.com was founded in 1998 and is based in Evanston, Illinois. It operates as a subsidiary of Deltathree, Inc.

REALTECH AG

Venture Round in 1999
REALTECH Systems Corporation focuses on a broad range of internetworking challenges inherent in distributed computing environments, such as multiple vendor network technology integration, system and network management, security management and integration of voice, data and video technology.

Dynamic Mobile Data

Series A in 1998
Dynamic Mobile Data Systems, Inc. develops mobile resource management solutions for midsize to large enterprises. It offers MobileServer, a wide area wireless platform infrastructure for two way wireless communications; Dynamic Mobile Application Suite, a set of configurable applications that provides a basis for moving corporate information to mobile resources; and Heads-Up!, a business activity monitoring and notification application for customers of mobile enterprises. The company also provides MobileDispatch, a two-way wireless dispatch solution that enables time sensitive communications and status tracking for companies; and Automated Vehicle Location software, which enables users to retrieve vehicle locations wirelessly. In addition, it offers services, such as implementation, maintenance, on-site or hosted training services; outsourced deployment, configuration, hosting, management, and support services of wireless applications; diagnostics, problem isolation and prioritization, updates, and fixes. Dynamic Mobile Data Systems, Inc. was founded in 1994 and is headquartered in Somerset, New Jersey.

Concord Music

Series B in 1996
Concord Music Group is an independent music label company based in Beverly Hills, California, that engages in the management and publication of recorded music. Founded in 1969, the company operates a diverse portfolio of music labels, including Concord Records, Concord Jazz, Fantasy, Rounder, and Stax. In addition to its recording activities, Concord organizes music tours for artists and licenses music for various media platforms, such as feature films, television shows, video games, and ringtones. The company also has a presence in theatrical rights, focusing on the development, management, and acquisition of sound recordings, music publishing, and performance rights for songs, plays, and musicals. In 2015, Concord Music Group was acquired by Concord Bicycle Music, further enhancing its position in the music industry.

Concord Music

Series A in 1995
Concord Music Group is an independent music label company based in Beverly Hills, California, that engages in the management and publication of recorded music. Founded in 1969, the company operates a diverse portfolio of music labels, including Concord Records, Concord Jazz, Fantasy, Rounder, and Stax. In addition to its recording activities, Concord organizes music tours for artists and licenses music for various media platforms, such as feature films, television shows, video games, and ringtones. The company also has a presence in theatrical rights, focusing on the development, management, and acquisition of sound recordings, music publishing, and performance rights for songs, plays, and musicals. In 2015, Concord Music Group was acquired by Concord Bicycle Music, further enhancing its position in the music industry.