Portfolio in the News
RollStream lands $6M B round led by Core Capital
Tech Journal South
November 18, 2008
FAIRFAX, VA - RollStream, a Fairfax-based company selling supply chain management and communication process software, has closed a $6 million B round of funding led by Core Capital Partners with existing investor Grotech Ventures participating.
Charlottesville-Based STR Raises $3.5 Million in First Round
Potomac Tech Wire
September 15, 2008
Charlottesville, Va. -- Soft Tissue Regeneration (STR), a Charlottesville-based medical technology firm that develops synthetic scaffolds that help encourage tissue regeneration, said that it has raised $3.5 million in its first round of funding, led by MentorTech Ventures.
Mpowerplayer Grabs $2.5M for Mobile Games
TechJournal South
September 10, 2008
RESTON, VA - Mpowerplayer, a provider of mobile game trial and merchandising solutions for the wireless industry, has secured $2.5 million in Series A funding.
CIT GAP Funds Company Awarded SBIR Grant
CIT
July 22, 2008
The Center for Innovative Technology (CIT) announced today that Innovative Biologics, Inc. (IBI), a CIT GAP BioLife Fund portfolio company, received a $750,000 Small Business Innovation Research (SBIR) Phase II award from the National Institutes of Health (NIH).
DS3 DataVaulting and Technology Partner, WorkProducts, Win Asigra's "Best Practices in Intelligent Retention Management" Award
WorkProducts
July 14, 2008
Chantilly, VA and Reston, VA…July 14, 2008 - DS3 DataVaulting, a customer-oriented solutions provider dedicated to data management excellence, and WorkProducts, architect of the MatterSpace® Evidence Lifecycle Management (ELM) solution for bridging the gap between information management and electronic data discovery, today announced that they were named the winner of Asigra's (www.Asigra.com) annual "Best Practices in Intelligent Retention Management" award. This honor, bestowed at Asigra's annual Innovations Conference held in Toronto, Ontario June 23 through 27 2008, recognized DS3 DataVaulting's unique and innovative integration of the MatterSpace® ELM application with their DS3 DataVaulting service.
NaturalInsight Continues Expansion of Industry Leading Capabilities
MarketWatch.com
June 18, 2008
STERLING, Va., Jun 18, 2008 (BUSINESS WIRE) -- NaturalInsight, a leading edge provider of Web-based workforce management solutions, today announced expanded capabilities of its workforce management solution. The Web-based solution has added work validation and tracking components which allow companies to better manage large-scale projects in various job locations.
Center for Innovative Technology invests $100K in WorkProducts
Washington Business Journal
Darlene Darcy
May 20, 2008
Reston-based WorkProducts, which makes software that ensures that electronic legal information is compiled properly, will use the funding to strengthen its intellectual property protection efforts and to continue garnering both partnerships and customers.
CIT GAP Funds Invests in WorkProducts, Inc.
redOrbit
May 20, 2008
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing in WorkProducts, Inc., a Reston, Va.- based company with a market-leading evidence lifecycle management (ELM)/litigation compliance product, the MatterSpace(R) appliance. WorkProducts will use this capital to continue its customer and alliance partner execution, as well as to fortify its intellectual property protection.
Emergency Alert System Uses Cellphones in Specific Areas
Washington Post
Zachary Goldfarb
January 7, 2008
A year ago, a fire broke out in one of the five oil refineries in Contra Costa County in Northern California, spewing fumes into the air in Richmond. Local officials wanted to send cellphone message alerts to everyone near the fire. But they could only reach, through a statewide system, the mobile phones of people who had registered their street addresses and phone numbers, and would miss visitors.
NexGenVS a semifinalist in the Mobile Rules! business plan competition
On December 17, 2007, Nokia selected NexGenVS' Vidrunner application as
one of 39 semifinalists for its international "Mobile Rules!" business
plan competition. According to Nokia, Mobile Rules is the "world's
leading annual competition for business plans and applications in the
mobile environment.” The business plans are “judged for novelty value
and innovation, market potential, customer adoption, revenue opportunity
and investor value.” The 12 finalists, to be selected in February, will
receive press coverage and present in front of Nokia, its partners and
various investors in Espoo, Finland.
SquareLoop Receives $1 Million in Funding
Marketwire
December 17, 2007
Square Loop marketing efforts receive $1M boost
Washington Business Journal
By Erin Killian
December 17, 2007
LBS Solutions Vendor SquareLoop Gets $1 Million in Funding from Private Investors
TMC Net
By Patrick Barnard
December 17, 2007
Wireless Startup Announces $1 Million in Funding
The Washington Post
By Mike Shepard
December 17, 2007
RollStream automates rolling out new tech or standards
TechJournal South
Allan Maurer
December 4, 2007
WASHINGTON, DC—If a company has to roll out a new standard or technology to thousands of customers and/or suppliers and other trading partners, the process can resemble “herding cats,” says RollStream chief marketing officer and co-founder Nick Parnaby.
Visure makes it easy to buy Hollywood
TechJournal South
Allan Maurer
November 6, 2007
If you can’t live without that Seamaster 300 M Chronometer James Bond wears in Casino Royale, you’re in luck. Visure Corp.’s eVisure site makes it easy to find clothing, electronics, cars and other products featured in movies and TV shows.
MPowerPlayer: changing the game for mobile users
TechJournal South
Allan Maurer
October 24, 2007
We all find ourselves standing in lines or other situations where playing a quick game on a mobile device would relieve the tedium.
Sprint Customers Get New Mobile Gaming Features With 'Sprint Arcade' and More Launching at E For All
Sprint
October 18, 2007
Sprint Arcade allows customers to download multiple popular games from EA Mobile for one monthly subscription fee.
CIT GAP Funds Invests in Innovative Biologics, Inc.
October 2, 2007
The Center for Innovative Technology (CIT) today announced that CIT GAP Funds is investing $100,000 in Innovative Biologics, Inc. (IBI), an anti-infective drug discovery and development company searching for new anti-microbial drugs targeting bacterial toxins. IBI, based in Sterling, Virginia, will use the investment to advance its Methicillin-resistant Staphylococcus aureus (MRSA) and Hepatitis C (HCV) preclinical candidates.
iNeoMarketing automates and customizes landing pages for marketers
TechJournal South
Allan Maurer
September 26, 2007
About two years ago, Joseph Rizzo’s digital marketing agency got a call from a client who needed a landing page online that marketing email would send customers to. “We went back to the client with a way to automate the process so they could create as many pages as they wanted.
Virginia Capital Day Conference Names Winners of Growth Companies to Watch Awards
TechJournal South
September 25, 2007
The Virginia Capital Day Conference has named the winners of the 2007 Virginia’s Growth Companies To Watch awards, to be presented at the Virginia Capital Day Conference reception on October 3 at the Jefferson Hotel in Richmond.
Gretna project would turn switchgrass into heating oil
Virginia Business
Heather Hayes
July 2007
As energy prices continue to rise, a group of Virginians will begin a pilot project on an unusual fuel source later this month. Ken Moss, owner of Piedmont Bioproducts LLC, will start showing off the potential of refining heating oil from switchgrass, a perennial, highly adaptable plant that can be grown throughout Virginia.
Virginia: Filling the Gaps for Entrepreneurs
The Voice of Technology Magazine
July/August 2007
Entrepreneurs and small businesses have been widely acknowledged as a driving force of the American economy—at both the state and local level as well as on a national scale.
Faculty Launched Company Cultivates Cell Solutions
UVA’s Research News
Melissa Maki
July 12, 2007
Under proper conditions and with the right nutrients, the cells of animals and plants removed from their host tissues can continue to grow.
The Seed Capital Flight
TechJournal South
Tom Weithman
July 2, 2007
To the chagrin of technology entrepreneurs everywhere, promising “seed” stage start-ups are likely to have a hard time raising private equity investment for the foreseeable future.
Black Gold, Pittsylvania Bio-Crude
Lynchburg News & Advance
May 17, 2007
With demand for oil and the price of gasoline reaching historic proportions, the timing for “Pittsylvania crude” couldn’t be better.
Virginia's CIT invests $200,000 in two firms
Tech Journal South
May 11, 2007
The Center for Innovative Technology (CIT) today announced that the CIT GAP Fund invested $200,000 in Engineered Products of Virginia, LLC and Piedmont Bioproducts, LLC in order to support the expansion of technology-based industries in Southern Virginia.
Nation's first bio-refinery comes to region; there will be a $100,000 check presentation for the pilot plant in Chatham
Register & Bee
Rebecca Blanton
May 11, 2007
Pittsylvania crude. Get used to hearing the term, it’s a good thing, referring to bio-crude oil made from switch grass.
Visure Corp. Closes $1.4 Million Series A Preferred Round
May 1, 2007
Visure Corp. (www.visurecorp.com), a Richmond company offering an innovative, web-based monitoring and measurement service for product placement, today announced that the successful closure of $1.4 million ($1,400,000), Series A Preferred financing round with a syndicate of angel investors, including a prior investor, The Center for Innovative Technology (CIT).
SquareLoop goes to college with wireless alert system
Washington Business Journal
Ben Hammer
April 27, 2007
SquareLoop accelerated its plans to launch a text messaging product for colleges hours after learning of the tragedy at Virginia Tech University and a week after working on a proposal for Middle Tennessee State University.
Lessons From Virginia Tech: A Disaster Alert System That Works
Wired
Ryan Singel
April 18, 2007
Since 9/11, some security experts have pushed the idea that peer-to-peer alert systems that rely on openness and the crowd can save lives, particularly when centralized communications and decision-making break down.
Muse Awards Finalists Named
April 17, 2007
The Virginia Museum of Fine Arts has named eighteen area businesses as finalists of this year’s VMFA Muse Awards.
SquareLoop Mobile Alert Network Wins CTIA's Emerging Technology Award for Messaging and Mobile Marketing
March 28, 2007
Award recognizes the best wireless product or service in the areas of consumer, enterprise and network technology. Company’s unique wireless location-based messaging platform shows flexibility for public safety, content delivery and mobile marketing.
Software Giant Symantec Buys Reston-Based Security Firm
The Washington Post
Kim Hart
March 7, 2007
A company started on the whim of two longtime friends has been snapped up by the world's largest security software company.
Biotech 15
Tech Journal South
March 2, 2007
The following 15 young Southeast biotech companies have either recently had a significant event or expect one or more in 2007.
From inventions to products / Company banking its business model can work
Richmond Times-Dispatch
Jeffrey Kelley
January 1, 2007
It would be much easier for Kent Murphy to explain his company if it were involved in a single line of business say, medicines or defense contracting.
RollStream secures $100K in funding
Washington Business Journal
Ben Hammer
March 8, 2006
Software firm gets seed money
Washington Business Journal
March 6, 2006
Ben Hammer
Start-Up: Bent Systems
The Washington Post
February 20, 2006
Start Up: Rollstream
The Washington Post
February 13, 2006
