NewSpring

NewSpring Capital, founded in 1999 and based in Radnor, Pennsylvania, is a private equity firm that focuses on equity and debt investments across the United States. The firm manages over $2 billion and employs multiple investment strategies, including growth equity, control buyouts, and mezzanine debt. NewSpring invests in innovative franchise and multi-unit concepts, primarily targeting dynamic industries such as technology, communication, and business services. With a history of investing in over 150 companies, NewSpring partners with management teams to foster growth and develop businesses into market leaders. The firm emphasizes building relationships within its extensive network of industry leaders to identify and capitalize on compelling investment opportunities.

Kamal Advani

Operating Partner

James Ashton

General Partner

Caio Azevedo

Associate

Gregory Barger

General Partner

Hart Callahan

Partner

Jacques Clariond

Analyst

Kirk Clark

Vice President

Andrew DeBacco

Senior Associate

Joe Deluca

Operating Partner

Michael DiPiano

Managing Director

Matt DiTosto

Associate

Bruce Downey

Partner

Jason Dresner

Senior Associate

Lee Garber

Partner

Matt Giangiordano

Senior Associate

Joseph A. Hawke

Partner

Jonathan Hsu

Investor

Mike Kaplan

Partner

Brian Kelly

Senior Associate

Brian Kim

Growth Equity Investor and Partner

Kristin Lee

Partner, Mezzanine Strategy

Matthew Malinowski

Senior Associate

Skip Maner

General Partner

Nathan Myers

Principal

Justin Nadile

Principal

Andrew Panzo

General Partner

Matthew Plevelich

Principal

Satya Ponnuru

General Partner

Kapila Ratnam

Partner

Glenn Rieger

General Partner

Brian Ruwe

Vice President

Daniel Salvato

Principal

Tarun Sangari

Senior Associate

Bharat Santhanam

Principal

Drew Scannell

Principal

Jonathan Schwartz

President and COO

David Siegel

Associate

Patrick Sugrue

General Partner

Matt Szymanski

Senior Associate

Robert Valvano

Principal

Bob Valvano

Principal

Anne Vazquez

General Partner

Amy Wang

Vice President

Sean Whitehead

Senior Associate

Joseph Willamson

Partner

Past deals in Virginia

LookingGlass Cyber Solutions is a cybersecurity software company based in Reston, Virginia, founded in 2006. It specializes in providing deep visibility into the Internet threat landscape, enabling organizations to anticipate and protect against targeted cyber attacks. The company offers a comprehensive threat intelligence platform that serves various sectors, including financial services, defense, government, and energy. Its core product, ScoutVision, utilizes an open architecture to deliver source and sensor agnostic visibility into Internet threats. This allows clients to monitor and manage a wide range of cyber threats, including structured threats, indicators of compromise, and internal network telemetry. By gathering and analyzing threat information from within their networks and beyond, LookingGlass empowers organizations to respond to potential threats rapidly, often before they can impact operations.

ncgCARE

Venture Round in 2016
NCG is a prominent provider of community-based mental health and substance abuse services in Virginia, dedicated to supporting individuals and families. The organization offers a range of outpatient behavioral care services, including mobile crisis stabilization, treatment foster care, and specialized mental healthcare. NCG employs highly educated and trained clinical staff, which is widely recognized for its expertise in the mental health field. Through its comprehensive services, NCG aims to be a trusted partner in the community, known for its commitment to quality care and support for those in need.

VidSys

Private Equity Round in 2016
VidSys, Inc. specializes in developing a converged security information management software platform designed for operations centers within public sector agencies and enterprise organizations globally. The company's flagship product, Vidsys, is a flexible solution that integrates various sensors, devices, and systems through open architecture APIs and SDKs, facilitating the collection and analysis of large data sets to generate actionable insights aligned with organizational risk policies and compliance standards. The platform supports real-time situational awareness and information management, accessible from mobile and web technologies. VidSys also offers a mobile application for both iOS and Android devices, as well as software training and web-based portal support services. The company serves a diverse range of sectors, including federal government, education, energy, transportation, public safety, and healthcare. Established in 2005, VidSys is headquartered in Vienna, Virginia, with additional offices in Massachusetts, the United Kingdom, the Middle East, and Brazil.

OTELCO

Post in 2016
OTELCO is a publicly-traded (NASDAQ: OTEL) telecommunications provider offering a full menu of business and residential voice and data communications solutions. Our footprint spans seven states, with specific products and services available either statewide or regionally, including Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia. For more than a century, the OTELCO family of communication companies has been providing rural communities with cutting edge technology, first with the telephone in the late 1800s, and today with traditional and digital communication technology and high speed Internet.

Snag

Series D in 2016
Snagajob is the platform for hourly work with 100 million registered hourly workers and 470,000 employer locations nationwide. With Snagajob, hourly workers find work more easily and employers staff up faster, hire smarter and keep shifts filled. Snagajob's platform for jobs and shifts allows people to land the right work while ensuring employers find the right workers when and where they need them. Snagajob was founded in 1999 and is based in Glen Allen, Virginia, United States.
LookingGlass Cyber Solutions is a cybersecurity software company based in Reston, Virginia, founded in 2006. It specializes in providing deep visibility into the Internet threat landscape, enabling organizations to anticipate and protect against targeted cyber attacks. The company offers a comprehensive threat intelligence platform that serves various sectors, including financial services, defense, government, and energy. Its core product, ScoutVision, utilizes an open architecture to deliver source and sensor agnostic visibility into Internet threats. This allows clients to monitor and manage a wide range of cyber threats, including structured threats, indicators of compromise, and internal network telemetry. By gathering and analyzing threat information from within their networks and beyond, LookingGlass empowers organizations to respond to potential threats rapidly, often before they can impact operations.

Verisma Systems

Venture Round in 2015
Verisma is a Release of Information (ROI) Technology and Services Company. Our patented, cloud-based platform is the industry’s first ROI Automation System. Built on over 10 years of experience, we manage the release workflow from start to finish better than anybody else. With our extensive HIPAA privacy and security tools and industry leading QA process, rest assured your organization will be fully compliant.

Verisma Systems

Venture Round in 2015
Verisma is a Release of Information (ROI) Technology and Services Company. Our patented, cloud-based platform is the industry’s first ROI Automation System. Built on over 10 years of experience, we manage the release workflow from start to finish better than anybody else. With our extensive HIPAA privacy and security tools and industry leading QA process, rest assured your organization will be fully compliant.

USPack

Private Equity Round in 2015
Founded in 1986 by Peter Glazman, USPack Logistics has grown steadily into the premier name in New York courier services. Since our inception they’ve held true to the simple ideal that they were founded upon: keep it personal. Over the past two decades they’ve never wavered in our dedication to personalized service standards. Still at the helm today, Mr. Glazman has pursued a strategy of measured growth through calculated acquisitions and careful investment decisions. Today they provide a wide array of same day and daily routed delivery services to New York, New Jersey, Connecticut, Washington D.C., Maryland, Virginia, Pennsylvania and beyond. Our couriers specialize in getting packages through the hustle of busy streets quickly, safely, and affordably.

VidSys

Private Equity Round in 2013
VidSys, Inc. specializes in developing a converged security information management software platform designed for operations centers within public sector agencies and enterprise organizations globally. The company's flagship product, Vidsys, is a flexible solution that integrates various sensors, devices, and systems through open architecture APIs and SDKs, facilitating the collection and analysis of large data sets to generate actionable insights aligned with organizational risk policies and compliance standards. The platform supports real-time situational awareness and information management, accessible from mobile and web technologies. VidSys also offers a mobile application for both iOS and Android devices, as well as software training and web-based portal support services. The company serves a diverse range of sectors, including federal government, education, energy, transportation, public safety, and healthcare. Established in 2005, VidSys is headquartered in Vienna, Virginia, with additional offices in Massachusetts, the United Kingdom, the Middle East, and Brazil.

3Pillar Global

Series A in 2013
3Pillar Global is a software development company that specializes in digital product development and engineering services. Founded in 2006 and headquartered in Fairfax, Virginia, the company offers a comprehensive range of services, including product strategy, user experience design, agile product engineering, quality assurance automation, and DevOps solutions. With a focus on technologies such as mobile, cloud, and big data, 3Pillar Global serves various industries, including media, healthcare, education, and financial services. The company employs innovative Virtual Development Centers to enhance productivity and deliver tailored solutions for clients navigating the complexities of mobile and SaaS environments. 3Pillar Global has experienced significant growth and has received recognition for its achievements in the software development sector. Its international presence includes offices in Romania, Boston, New York, London, and Noida, India.

Atlantic Diagnostic Laboratories

Debt Financing in 2012
Atlantic Diagnostic Laboratories is a clinical laboratory that offers a comprehensive range of testing services, including microbiology, chemistry, toxicology, immunology, and virology. The laboratory serves clients across multiple states, including Pennsylvania, New Jersey, New York, Delaware, Maryland, Connecticut, Virginia, Florida, Ohio, Kentucky, and West Virginia. With over thirty years of experience, Atlantic Diagnostic Laboratories caters to a diverse clientele, such as physicians' offices, pain management clinics, drug rehabilitation centers, nursing homes, and hospitals. The facility spans 26,000 square feet and is equipped to provide personalized and efficient laboratory services. The company is particularly known for its high-end toxicology tests, which are essential for evaluating drug overdoses, both accidental and intentional, making it a valuable partner in the healthcare industry.
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