Member Spotlight: Precision Systems, Inc.

Company: Precision Systems, Inc.

Address: 1355 Business Center Drive, Suite C

Horsham, PA 19044

Phone: 215-672-1860

Email: info@psi-software.com

Web Address: www.psi-software.com

Facebook: www.facebook.com/PrecisionSystemsInc/

LinkedIn: www.linkedin.com/company/precision-systems-inc./

Walter Johnson, President

Primary Contact: Casandra Mann | cmann@psi-software.com | 215-672-1860 ext. 118

Company Info:

A software engineering firm with 38 years of experience, specializing in the development of custom microprocessor, embedded, and PC-based solutions, as well as mission- and safety-critical projects. From privately owned small businesses to large Fortune 500 organizations and the U.S. Government, the PSI team is responsible for both consulting and engineering solutions for projects that can’t risk failure. These solutions are focused on the medical device, pharmaceutical, industrial and military industries.

Member Spotlight: OrthogenRx, Inc.

OrthogenRx, Inc. a resident of the PA Biotechnology Center in Doylestown has transformed itself from initial Seed funding in January 2014 to commercial launch of its first product in May 2016, GenVisc 850, used in the treatment of osteoarthritis knee pain. In December 2016 the Company reported it was cash-flow positive, and is on track to achieve over $17MM in sales in 2017 in its first full year of sales. The Company is led by an experienced management team with decades of experience in product development, commercialization, sales, marketing, and reimbursement, and now has 20 full-time employees. OrthogenRx was founded by Bucks County resident Michael Daley PhD and was initially funded by a syndicate of Angels and Ben Franklin Technology Partners, including $187,500 in investment from the Venture Capital for Bucks County, VC4BC. OrthogenRx’s unique platform and regulatory approval blueprint afford the company an accelerated go-to-market strategy at a significant reduction in cost and time. The Company also has a rich pipeline of 4 additional products in development which could add up to $200MM in topline revenues by 2021.

Click here to learn more on OrthogenRx, Inc.

First Data Completes Acquisition Of CardConnect

Jul 06, 2017

NEW YORK–(BUSINESS WIRE)– First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and CardConnect Corp., a payment processing and technology solutions provider, today announced the successful completion of First Data’s tender offer to purchase the outstanding shares of CardConnect common stock for $15.00 per share in cash. The tender offer expired one minute after 11:59 p.m., Eastern Time, on July 5, 2017.

First Data subsequently completed the acquisition of the remaining CardConnect shares of common stock not acquired in the tender offer through a merger pursuant to Section 251(h) of the General Corporation Law of the State of Delaware. As a result, CardConnect is now a wholly-owned subsidiary of First Data and CardConnect shares will no longer be traded on the NASDAQ.

Click here to read the full press release.

Member Spotlight: ObjectFrontier

iHealth – Patient Monitoring Application using Realtime Data Analytics on SMACK

SMACK – Patient Monitoring using Realtime Data Analytics on SMACK (Spark – Mesos – Apache – Cassadra – Kafka) of how OFS helps healthcare providers and their vendors to deliver innovative digital solutions that improve patient care.

Click here to watch this member’s video segment.