Activate Leads $80 Million Series D Growth Equity Round into Stem, Inc.

Activate Capital is pleased to announce our recent investment into Stem, Inc. Headquartered in Millbrae, California, Stem is the global leader in artificial intelligence (AI)-powered energy storage. The Company’s mission is to build and operate the largest digitally connected energy network to help its customers optimize the value of their energy assets and facilitate participation in energy markets, yielding economic and societal benefits while decarbonizing the grid.

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Think Company Names EVP Russ Starke As New CEO

New executive team also includes Bruce McMahon as COO and Phil Charron as EVP.

FOR IMMEDIATE RELEASE: 1/29/18

PHILADELPHIA, PA: Think Company today named Russ Starke as its new Chief Executive Officer and announced additional leadership changes designed to help the Philadelphia-area experience design firm continue to grow and thrive as it launches into its second decade.

Russ was involved in early conversations that led to the creation of Think Company, and became the firm’s first employee shortly after Carl White and Brian McIntire founded the company in 2007. Throughout the 10 years since then, Russ has worked alongside Carl and Brian to lead and shape the firm. He most recently served as Think Company’s Executive Vice President, providing organizational leadership and strategic oversight of delivery, marketing, operations, and business development.

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Alison Bush Delgado joins SeventySix Capital as Managing Director, Strategic Development

SeventySix Capital, a venture capital firm that invests in game-changing consumer tech companies in the sports, health and retail industries, announced Alison Bush Delgado as their new Managing Director, Strategic Development. This hire comes on the heels of several recent announcements from SeventySix Capital including the initial close of its latest venture capital fund, an esports investment in N3rd Street Gamers, and World Series Champion, Ryan Howard, joining the company as a Partner.

“We are excited to have Alison on our team,” said Wayne Kimmel, Managing Partner at SeventySix Capital. “She has 27 years of experience in developing and executing strategies for the growth of some of the largest and most well respected firms in the asset management industry. Alison will be responsible for our global fundraising strategy and investor relations, and will work with me to accelerate and expand our fundraising efforts for our current fund.”

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New Member (Partner) Named at GMS Surgent CPAs & Advisors

January 30, 2018 – GMS Surgent CPAs & Advisors is pleased to announce that Brian P. Pugliese, MT, CPA has been admitted to the LLC as a Member (Partner) on January 1, 2018. A graduate of LaSalle University, Brian has been with the firm for the past thirteen years, with a specialty in tax planning and compliance for both business and individual clients.

“Brian Pugliese has developed into a true leader and continues to bring a depth of experience to our firm,” said Brian Gallagher, managing member of GMS Surgent CPAs & Advisors. “As a strategic tax planner, he is a tremendous asset to our clients. We are glad to have him on board.”

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Can these Philly startups help bridge the VC diversity gap?

In a hypothetical room filled with 100 venture-backed entrepreneurs, only four are women.
That’s not only the real-life experience of women entrepreneurs: that’s what the statistics say of 2017, a year in which 98 percent of venture capital dollars went to companies founded by men.

Attempting to level the vast gender gap and racial inequality in venture capital is what, in part, what brought D.C.-based Village Capital together with Ben Franklin Technology Partners and UBS to deploy its Pathways program in Philly, the first of three cities where the offering will roll out.

Click here to read the full article from Technical.ly Philly.

Quattro Celebrates Gramercy Institute Award

Philadelphia-based marketing and advertising agency, Quattro, was named one of the World’s Top 12 Financial Services Agencies by the Gramercy Institute. This achievement is awarded to agencies that deliver extraordinary work and consistently go above and beyond to contribute to the Financial Services industry. Quattro is honored to accept this award as recognition of the company’s goal to continuously amaze its clients.

Every year, the Gramercy Institute accepts nominations for a variety of awards, and this year there were over 100 nominations from seven countries. ditech, a leading provider of home loans and loan servicing, and one of Quattro’s financial services clients, nominated the agency for this prestigious award.

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TOBA II BTK Trial Enrollment Ahead of Schedule for the Tack Endovascular System® in Below the Knee Disease

WAYNE, Pa.–(BUSINESS WIRE)–Intact Vascular, Inc., a developer of medical devices for minimally invasive peripheral vascular procedures, today announced the Tack Optimized Balloon Angioplasty II Below the Knee (TOBA II BTK) clinical trial surpassed the 100 patient milestone, advancing enrollment well ahead of schedule.

The TOBA II BTK is a prospective, multi-center, single-arm study designed to investigate the safety and efficacy of the Tack Endovascular System in combination with standard balloon angioplasty in the mid/distal popliteal, tibial and peroneal arteries during the treatment of critical limb ischemia (CLI) patients. The Tack implant is a first-of-its kind device for precision dissection repair following balloon angioplasty. The system is designed to help maintain vessel integrity and improve blood flow to promote healing, improve outcomes and preserve limbs. The system leaves a minimal amount of metal in the artery, reduces mechanical stress on the arterial wall and preserves future treatment options. Unrepaired dissections — which are frequent following balloon angioplasty — increase the probability of acute arterial occlusion and may continue narrowing the artery, which leads to lower long-term patency rates. TOBA II BTK is the first known industry sponsored pivotal clinical trial approved by the US Food and Drug Administration to investigate a permanent vascular implant in arteries below the knee.

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Fairmount Partners Updates for February 2018

Fairmount is the most active M&A firm based in the Mid-Atlantic, with a national and international practice.  Since 2003, the firm has completed more than 185 transactions throughout North and South America, Europe, Asia and Australia.   Fairmount specializes in advising middle-market companies on sell-side, buy-side and capital placement transactions, and provides fairness opinions and strategic advice in the transaction context.

  • Chris Kim was promoted to Associate at Fairmount Partners.  Prior to joining Fairmount, Chris worked as an analyst at a Los Angeles based technology-focused boutique investment bank focusing on M&A advisory and growth financings for middle-market and emerging-growth companies.  Chris Kim earned his B.S. in Business Administration, with a concentration in Finance from Boston University.

 

  • Jason Levy was promoted to Associate at Fairmount Partners. Prior to joining Fairmount, Jason worked at Ernst & Young in their Transaction Advisory Services practice. In this capacity, he performed valuation of business enterprises, intangible assets, and equity and debt interests in connection with acquisitions, bankruptcies, litigation, strategic alliances, and divestitures.  Jason Levy earned his B.S. in Finance, with distinction, from the Pennsylvania State University.

 

  • Represented Grand River Aseptic Manufacturing (GRAM), a leading provider of high-quality, sterile parenteral solutions, in the majority investment by Arlington Capital Partners, a private equity firm in the Washington, D.C., area with $1.5 billion of committed capital focused on middle market investment opportunities.  The new partnership will provide funding for GRAM to expand and add capacity to meet the rising demand for parenteral development and manufacturing services.

 

  • Represented pair Networks, Inc., a top-rated, pioneering provider of hosting solutions, in its sale to Liberated Syndication, Inc., the world’s leading podcast hosting network. Founded in 1995 and based in Pittsburgh, Pennsylvania, Pair is one of the world’s longest-established hosting companies. Pair offers a wide array of solutions including managed hosting (dedicated servers), virtual private servers, and WordPress hosting and provides world-class 24×7 on-site customer support.  The combined businesses generated approximately $23 million in revenue and $7 million in EBITDA during 2017.

PPC Awarded NARA Systems Modernization Proof of Concept Task – Providing Complex Ingest, Storage and Retrieval Software in the AWS Cloud

McLean, Virginia – January 29, 2018 – Project Performance Company, LLC (PPC) was awarded a Systems Modernization task with the U.S. National Archives and Records Administration (NARA) to plan the transformation of the Description and Authority Service (DAS) and the National Archive Catalog (NAC) systems. PPC has been providing development, operations and maintenance efforts in support of the NARA systems since 2010.

Description and Authority Service (DAS) is the primary card catalog for the National Archives and Records Administration. It provides a workflow, processing, and search/retrieval solution for over 600 archives personnel (Headquarters, Regional Repositories, and Presidential Library staff).

National Archives Catalog (NAC) is the online public portal to NARA records and information about those records. The catalog currently provides access to electronic records currently in the Electronic Records Archives (ERA), which are not available elsewhere online. The catalog also searches all webpages on Archives.gov. Researchers no longer need to perform separate searches for finding aids or other information related to our records on Archives.gov.

DAS and NAC are systems used daily by staff within NARA, and by external researchers and scholars who have gained permission to access and search the NARA electronic holdings.

The new effort provides a new solution pilot to application architecture through use of more modern search technologies and database engines. Both systems are already operating in the cloud using Amazon Web Services (AWS), but they will be modernized to take advantage of new AWS services and other commercial product offerings.

Paul Strasser, PPC’s Chief Executive Officer, said: “PPC is pleased to continue our important work with NARA. This award further validates our services and solutions in modernizing Federal, mission-critical systems using low-code platforms, cloud-based strategies, and leading-edge technologies. It adds to our impressive list of legacy system modernizations and helping our clients realize the benefits of lower Total Cost of Ownership, while improving their cyber security posture and rapidly leveraging the most modern software capabilities available to the Federal market.”

About Project Performance Company, LLC
PPC, a wholly owned subsidiary of Data Systems Analysts, Inc. (DSA) of Trevose, Pennsylvania is a leading Information Technology and Management Consulting firm, delivering mission critical solutions to Federal, State, and Local governments and commercial industry. We are best known for Information Systems Development & Integration, Cyber Security and Information Assurance services, Records and Knowledge Management solutions, and Energy Management & Environmental Sustainability Consulting. With offices in the DC Metropolitan Area and across the nation, we serve Fortune 500 decision makers and Federal, State, and local government agencies to meet mission-critical challenges. Please visit www.ppc.com or www.dsainc.com for more information.

Contact: Matt McDonald, Vice President, 703-748-7040, Matt.McDonald@PPC.com

QED Program Awards $600K to Advance the Commercialization of Three University Technologies

PHILADELPHIA — (January 29, 2018) – Researchers improving the efficiency of bone graft procedures, developing drugs to address treatment-resistant cancer, and advancing research to reverse the invasive potential of cancerous cells will receive a total of $600,000 from the University City Science Center’s QED Proof-of-Concept Program. The program, started in 2009 and now in its tenth round of funding, supports novel university technologies with market potential, bridging the gap between academic research and product commercialization. The awardees were selected from a pool of 54 applicants from 12 academic and research institutions in Pennsylvania, New Jersey and Delaware.

The QED grants will support researchers at New Jersey Institute of Technology, Temple University and The Wistar Institute.  Each team will receive $200,000, half of which will be contributed by the Science Center and half by the researchers’ institutions. Each project will also receive guidance from the Science Center’s experienced team of scientific and business advisors.

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