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Meet the IMPACT 2015 “Lion’s Den”

Thursday, July 23rd, 2015

Jonathan Brassington
is the chief executive officer, co-founder, partner and member of the board of directors at LiquidHub, a digital integrator that partners with businesses to improve customer engagement and drive growth. Bringing more than 15 years of technology and innovation experience to his role, Brassington has led LiquidHub to be consistently recognized as one of the fastest-growing companies in the greater Philadelphia and mid-Atlantic region. Prior to the establishment of LiquidHub, Brassington was a partner at Broadreach Consulting, an Internet professional services firm. He is an avid technology strategist and speaker as well as an early stage investor in a variety of technology driven businesses. Brassington is a leader in digital customer engagement and has previously worked as an expert source with The Wall Street Journal, The Philadelphia Inquirer, SmartCEO, and SmartBusiness. Brassington has a bachelor’s degree in computer science and mathematics from Misericordia University and a master’s degree in telecommunications and operations from the University of Pennsylvania.

Walter (Buck) Buckley
is the co-founder, chief executive officer, and chairman of the board of Actua (formerly ICG and Internet Capital Group), a multi-vertical cloud company. Walter founded Internet Capital Group in 1996 and prior to that he was vice president of acquisitions for Safeguard Scientifics, Inc., where he led many of Safeguard’s investments through the mid-1990s, including Diamond Technology, ChromoVision and Video Server. He was also responsible for developing and executing Safeguard’s multimedia and Internet investment strategies. Before Safeguard, Walter was president and co-founder of Centralized Management Systems, Inc., a medical supply company which he sold in 1987. Previously he spent three years at CoreStates in the commercial lending group. Walter received his bachelor’s degree in political science from the University of North Carolina at Chapel Hill.

Dr. Robert Corrato
is a co-founder and managing partner of Devon Hill Capital Partners (DHCP), a diversified healthcare investment firm with a focus on content and technology enabled healthcare service companies. Prior to founding DHCP, Dr. Corrato was the founder, chairman and president and CEO of Executive Health Resources (EHR). His leadership was instrumental in positioning EHR at the forefront of the healthcare compliance industry. Dr. Corrato has amassed extensive knowledge and expertise in all facets of the healthcare service industry. In particular, he has had great success leveraging sophisticated content and enterprise technology to enable healthcare services nationally. Prior to founding EHR, Dr. Corrato held the post of deputy director of the Office of Health Policy and Clinical Outcomes at Thomas Jefferson University in Philadelphia. Dr. Corrato earned his master of business administration degree from the Wharton School of Business at the University of Pennsylvania and received his medical degree from the Medical College of Pennsylvania.

Michael Hagan
is president and chief executive officer of LifeShield, the nation’s first professional grade and professionally monitored wireless security system and home protection provider. Prior to joining LifeShield, Hagan served as chief executive officer and chairman of the board of Nutrisystem, Inc. from 2002 to 2008. Hagan led a team that turned around a struggling $27 million weight loss company and transformed it into a leading weight loss provider, reaching $778 million in sales by 2007. Previously, Hagan co-founded Verticalnet, Inc., a technology firm that provides supply management software and also created and managed industry specific “vertical” marketplaces. Prior to founding Verticalnet, he served as a vice president and senior manager at Merrill Lynch Asset Management from 1990 to 1995. Hagan currently serves as a director at Internet Capital Group, Inc. He received his bachelor’s degree from St. Joseph’s University and was formerly a Certified Public Accountant.

Michael Wells
is a managing director at Princeton Biopharma Capital Partners, LLC, a boutique private equity firm focused on providing growth capital and operating expertise to commercial stage healthcare companies. He is a veteran of the pharmaceutical industry with extensive expertise in licensing and commercialization of prescription pharmaceuticals around the world. Prior to forming Princeton Biopharma Capital, LLC, he was the founder and CEO of Aton Pharma, Inc., a specialty pharmaceutical company with products that treated orphan diseases. In 2010 the company was sold to Valeant Pharmaceuticals International for $330 million. In 2009 Michael was a winner of the Ernst & Young Entrepreneur of the Year Award. Prior to forming Aton, Michael co-founded Lathian Systems Inc., a venture-backed company that provides online data and marketing services to pharmaceutical and biotech companies. His career began at Merck & Co. Inc., where he held positions ranging from hospital sales to brand management. He holds a B.S. and M.S. from the University of Pittsburgh and an MBA from The Wharton School.

If you are interested in entering the “Lion’s Den”, please apply to be an IMPACT 2015 featured company.

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Loren Danzis, Jeffrey Nicholas and Elizabeth Sigety To Receive PA Biotechnology Center Entrepreneur Champion Award

Wednesday, July 22nd, 2015

Philadelphia – July 1, 2015 – Fox Rothschild LLP is pleased to announce that corporate partners Loren Danzis, Jeffrey Nicholas and Elizabeth Sigety have been selected as recipients of the Pennsylvania Biotechnology Center Entrepreneur Champion Award. They will be honored at the Biotech Barons Awards and Networking Reception on July 16.

The award was created by the Biotechnology Center to recognize those who have made extraordinary and notable beneficial contributions to the advancement of entrepreneurship in the region. Danzis, Nicholas and Sigety are being recognized for founding and managing the Delaware Crossing Investor Group, a network of angel investors operating in the Philadelphia and Princeton region. Delaware Crossing provides counsel and capital to early stage and growth oriented companies – contributing a wide array of industry expertise and support to entrepreneurs in this region. Since 2005, Delaware Crossing has invested approximately $7 million in early stage companies.

Danzis serves on the Board of Directors of the Hepatitis B Foundation and as co-chair of firm’s Life Sciences Practice Group. He counsels clients in the fields of biotechnology, pharmaceuticals, life sciences, information technology and computer software and has particular experience in venture capital transactions, acquisitions and commercial contract negotiations. For 14 years, he has represented companies seeking capital and the investors who provide it. Danzis also represents both public and private companies on mergers and acquisitions and advises on strategic alliances, licensing, distribution and strategic agreements and executive compensation.

Nicholas, who chairs the firm’s nationwide Corporate Department and serves as managing partner of the firm’s Bucks County office, represents clients in a wide variety of corporate and commercial matters, including mergers and acquisitions of public and private companies; private equity transactions; seed, angel and venture capital financings; securities reporting and disclosure; securities offerings and transactions; corporate governance; Special Committee and Audit Committee representation; and executive compensation matters. Nicholas serves biotechnology, pharmaceutical, life science and technology clients as general counsel, combining the broad legal experience and practical business knowledge of an effective business adviser.

As co-chair of the firm’s Emerging Companies Practice Group, Sigety acts as general counsel for numerous emerging and middle-market businesses, including life science and technology companies, overseeing and coordinating their corporate, venture finance and regulatory matters. For 25 years, Sigety has been a trusted adviser to startup companies and entrepreneurs, handling business and financial transactions such as venture capital and angel financing, mergers and acquisitions, franchising, securities, private placements, franchise regulatory matters and franchise agreements.

About the Pennsylvania Biotechnology Center of Bucks County
The Pennsylvania Biotechnology Center of Bucks County offers state-of-the-art laboratory and office space to nonprofit research companies and biotech companies. Created by a partnership between the Hepatitis B Foundation and Delaware Valley College, and managed by the Blumberg Institute, the Center was funded in part by the Commonwealth of Pennsylvania. The facility opened in 2006 in a formerly abandoned warehouse and has since grown to encompass 110,000 square feet on a 10-acre campus. To learn more, visit www.pabiotechbc.org.

About Fox Rothschild LLP
Fox Rothschild LLP (www.foxrothschild.com) is an AmLaw 100 full-service law firm built to serve businesses of all sizes as well as individuals. Over the past 100 years, we have grown to nearly 650 lawyers in 21 offices coast to coast. Fox’s team of emerging company attorneys helps position companies – including seed, early and emerging growth – as well as their investors and business leaders for growth, expansion, commercialization, partnership and exit. We have extensive experience representing technology, life science, health care and clean technology companies and the investors who fund them. Combining legal knowledge, IP strategy and financial acumen, we leverage our in-depth industry experience to bring the right people and deals together.

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NewSpring Capital Announces Two Successful Exits During Second Quarter

Monday, July 20th, 2015

Radnor, PA – July 15, 2015 – NewSpring Capital is pleased to announce it has successfully exited Safe Sedation Management, LLC (“Aisthesis”) and Federal Resources Supply Company (“Federal Resources”), both portfolio companies of NewSpring Capital’s dedicated mezzanine fund, NewSpring Mezzanine Capital (“NewSpring”).

Click here to read full press details.

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NewSpring Capital Invests in CallMiner

Monday, July 20th, 2015

Radnor, PA – July 14, 2015 – NewSpring Capital, a family of private equity funds, announced today that NewSpring Growth Capital (“NewSpring”), the firm’s dedicated technology and business services growth equity fund, led a preferred financing in CallMiner, Inc. (“CallMiner”) with a $12 million investment as part of a larger round which included existing investors. The proceeds from the transaction are being used to fund growth initiatives including sales and marketing.

Click here to read full press details.

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Janney Announces Capital Markets Leadership Appointments

Monday, July 20th, 2015

PHILADELPHIA, PA – July 9, 2015 — Janney Montgomery Scott LLC, a full-service financial services, wealth management and capital markets firm employing 1,800 people across 100 locations, announced leadership appointments in the firm’s Capital Markets business. Joe Culley has been named Head of Equities and Investment Banking. Steve Genyk remains Head of Fixed Income Capital Markets. Both Mr. Culley and Mr. Genyk report to Timothy C. Scheve, Janney’s President and CEO.

Click here to read the press details.

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Technical.ly Philly – PACT’s Enterprise App Challenge awards $80K to 4 winners

Thursday, July 2nd, 2015

Written by Chris Wink, Technical.ly Philly

A Chicago-based diabetes management app and a locally-made augmented reality wayfinding service were named the two top winners of the Philadelphia Enterprise App Challenge Monday.

The second annual open call of business-to-business apps is organized by PACT. There were two categories, Health and Wayfinding, chosen by the event’s sponsors, Independence Blue Cross and the University of Pennsylvania. Four finalists presented in each of the two categories.

Click here to read the full article.

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Local Startup Brings Digital Dream Team to Win UPenn App Challenge

Wednesday, July 1st, 2015

Philadelphia, June 30, 2015 — RTP Holdings, a Philadelphia area early-stage technology company, was named first place winner at the PACT Wayfinding App Challenge judging event here last night. The local startup won first place by assembling a top-notch mobile app development team to create a new beta app, now available in the Apple iTunes App Store, called The @UPenn Xperience. The new app helps students and visitors to Penn’s campus navigate and discover the art filled campus and surrounding city. The app helps people explore the campus and all of the great attractions the city of Philadelphia has to offer with detailed information populated by Philadelphia’s Open APIs and geo-tagged photos about the featured art and points-of-interest all around the region.

Click here to read the full press release.

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NewSpring Capital Successfully Exits Precyse

Wednesday, July 1st, 2015

RADNOR, PA – June 30, 2015 – NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that Precyse, a portfolio company of the firm’s dedicated healthcare fund, NewSpring Health Capital (“NewSpring”), has signed an agreement to be acquired by Pamplona Capital Management (“Pamplona”).

Click here to read the full press details.

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Xtium Offers Virtual Chief Information Officer Services

Tuesday, June 30th, 2015

vCIO packages provide strategic IT direction for small businesses, health centers.

Xtium, Inc., a leading managed cloud hosting, online backup and virtual disaster recovery services company, today announced a new offering to its portfolio – Virtual Chief Information Officer (vCIO) services. Available on an hours-per month need, the vCIO offering provides small to mid-size companies with strategic advice as they plan and execute on cloud-based initiatives and optimize IT processes and systems. Xtium has already seen success with this new offering in the Federally Qualified Health Center (FQHC) market, assisting FQHCs with their technology roadmap while helping them comply with HIPAA regulations and meet Meaningful Use.

Click here to read the full press details.

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Winners Announced for the Philadelphia Enterprise App Challenge

Tuesday, June 30th, 2015

Philadelphia, June 30, 2015 — PACT, the Greater Philadelphia Alliance for Capital and Technologies, last night announced the winners of the two Philadelphia Enterprise App Challenges (the PACT Wayfinding App Challenge and the PACT Healthcare App Challenge) during an intense live judging round at the Independence Blue Cross Innovation Center.

**This program is funded by the Pennsylvania Department of Community & Economic Development**

Independence Blue Cross and the University of Pennsylvania sponsored the competitions. The first place winners received $30,000. The second place winners received $10,000. After a night of live pitching and judge deliberation, PACT announced the winners as follows:
 – iDiabetes, second place winner for the PACT Healthcare App Challenge
 – Kale powered by Benecure, first place winner for the PACT Healthcare App Challenge.
 – Time Machine Walking Tours, second place winner for the PACT Wayfinding App Challenge
 – The @UPenn Xperience, first place winner for the PACT Wayfinding App Challenge

Challenge Honors included:
 – KALE powered by Benecure, winner of the Validic Prize
 – SideGuide, popular choice winner for the PACT Wayfinding App Challenge
 – Pneuma – Pedobarographic Mapping for Neuropathy, popular choice winner for the PACT Healthcare App Challenge

“Each of the finalists offered a unique solution to the challenge at hand. It’s amazing to see what new talents arise for Philadelphia,” explained Dean Miller, PACT President and CEO.

Click the link below to read the full press details.

Philadelphia Enterprise App Challenge Results

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