Clutch Acquires Persio to Extend Mobile Marketing Capabilities Deal follows $5.25 million in new capital and addition of Larry Stone to Board

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PHILADELPHIA–(BUSINESS WIRE)–Clutch, a customer management and marketing analytics company, has acquired intelligent mobile promotions platform Persio in a deal that will add powerful new mobile marketing capabilities to the Clutch platform.

“With this acquisition, the Clutch platform is the first to support the marketer with a comprehensive view of customers across all buying and marketing channels. The addition of Persio’s intelligent mobile platform will allow us to deliver these experiences instantly and with greater context.”

Click here to read the full press release.

EnerTech Capital News: Blue Pillar Secures New $10 Million Investment

Leading Energy IoT company closes successful year with new investment, new customers and prestigious “Grid Edge” awards from Platts Global Energy and Greentech Media

Blue Pillar, the only Internet of Things (IoT) provider to connect all Energy Things™, today announced $10 million in financing from new investors GXP Investments and Elevate Ventures alongside existing investors EnerTech Capital, Allos Ventures, Arsenal Venture Partners, and Claremont Creek Ventures.

2016 was a groundbreaking year for Blue Pillar. The Blue Pillar Aurora® platform was installed at large energy providers and commercial facilities such as Walmart, Target, and Comcast as well as at higher education campuses, including University of Hawaii and Texas A&M University. As a result, the company won the Grid Edge-Energy Management award from Platts Global Energy. This awards program honors only the leaders and innovators from the energy industry. Blue Pillar was one of 18 finalists chosen from 170 nominations representing 30 countries. In April, Blue Pillar was one of 20 companies to receive Greentech Media’s Grid Edge award – an honor bestowed upon only the most disruptive companies responsible for positively impacting the U.S. electricity industry. These awards and new customers further validated Blue Pillar’s increasingly important role in bringing forward grid edge transformation.

Click here to read the full press release.

Zagster Closes $10 Million Series B Round of Funding Led by Edison Partners

Zagster expands board of directors with veteran tech execs & investors Jonathan Seelig and Chris Randles, and Edison Partners General Partner Tom Vander Schaff; Funds will be used to fuel continued growth and technology development

CAMBRIDGE, MA–(Marketwired – Jan 5, 2017) – Zagster, Inc., the leading provider of private and public-private bike sharing systems, today announced it has raised $10 million in a Series B round of funding led by Edison Partners, a leading growth equity capital firm. In addition, Zagster expanded its board of directors by appointing: Tom Vander Schaaff, general partner at Edison Partners; Jonathan Seelig, co-founder of Akamai Technologies, former chairman of the board of Zipcar and former managing director of Globespan Capital Partners; and Chris Randles, former CEO of SpaceClaim Corp as well as MathSoft and a current venture partner at Borealis Ventures.

“With 300 percent growth in riders and programs over the past year, we’ve proven that our ‘Bike Share as a Service’ model is scalable, financially sustainable and ideally suited to meet the needs of customers across multiple markets in North America,” said Timothy Ericson, co-founder and CEO of Zagster. “This growth capital along with the expansion of our board sets the table for Zagster to enhance our product roadmap, expand our staff, and grow the organization to reach our goal of becoming the national standard in bikeshare.”

Click here to read the full press release.

News from Fairmount Partners

Fairmount Partners is an independent investment banking firm focused on serving the needs of middle market and emerging growth companies.  We provide a complete range of investment banking and capital advisory services for our clients including merger and acquisition advisory, financing advisory, fairness opinions and valuations and strategic corporate development advisory services.

  • Represented Teletronics Technology Corporation (“TTC”) “in a process that culminated in an announced sale for $233 mllion in cash to Curtiss-Wright Corporation (NYSE: CW),  a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. TTC, a private company, is a leading designer and manufacturer of high-technology data acquisition and comprehensive flight test instrumentation systems for critical aerospace and defense applications. The acquired business will operate within Curtiss-Wright’s Defense segment, and completion of the transaction is expected in January, pending government approval.
  • Represented Electro-Science Laboratories, Inc. and a U.K.-based its affiliate  a leader in electronic packaging materials, in a process that resulted in the sale of ESL for $75 million tby Ferro Corporation (NYSE:FOE), a leading global functional coatings and color solutions company. ESL is a privately held company headquartered in King of Prussia, Pennsylvania.  Agmet Limited, the affiliate, is based in Reading, England.
  • In December, Nick Lopez joined Fairmount Partners as an analyst.  Prior to joining Fairmount, Mr. Lopez worked as an analyst at a boutique investment bank in the New York City area focused on  M&A advisory to middle-market technology and IT Services companies.  Mr. Lopez earned his B.S. in Finance with a minor in Economics and his M.B.A. with a concentration in Finance from St. Thomas Aquinas College. During this time, he was a full-scholarship basketball player and Scholar Athlete of the Year for the East Coast Conference two consecutive years.

LiquidHub Expands Data Management, Market Research and Analytics Capabilities with the Acquisition of Annik for Enhanced Data-Driven Customer Insights

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Business Wire
LiquidHub Expands Data Management, Market Research and Analytics Capabilities with the Acquisition of Annik for Enhanced Data-Driven Customer Insights
Annik will expand the company’s global footprint and strengthen its existing data management and analytics solutions

December 15, 2016 10:30 AM Eastern Standard Time
PHILADELPHIA–(BUSINESS WIRE)–LiquidHub, a customer engagement company, today announced the acquisition of Annik, a global data management and analytics solutions firm that creates better customer experiences for brand name clients, including Microsoft, Netflix, HP, Nestle, and Vistaprint.

“It’s a great opportunity for us all at Annik to join forces with LiquidHub and together create a future re-imagining customer engagement.”

Click here to read full press details.

Early Stage Digital Health Companies In Philadelphia Get Boost With $6 Million Funding Initiative

Ben Franklin Technology Partners of Southeastern Pennsylvania, Independence Health Group and Safeguard Scientifics team up to foster healthcare IT innovation

PHILADELPHIA, Dec. 8, 2016 /PRNewswire/ — Partnering to fuel Philadelphia’s innovative digital health ecosystem, Ben Franklin Technology Partners of Southeastern Pennsylvania (“Ben Franklin“); Independence Health Group (“IHG”), the parent company of Independence Blue Cross; and Safeguard Scientifics (“Safeguard”) (NYSE: SFE) today announced their intentions for a $6 million funding initiative over a four year period to grow technology-driven, early-stage healthcare startups.

Responding to a burgeoning economic vitality in digital health, Ben Franklin, IHG through a subsidiary, and Safeguard each intend to pledge $2 million to launch the funding initiative and will identify, vet, and allocate funds to augment the Philadelphia region’s continued growth and development in digital health. In addition, each will source new opportunities, extend guidance and support to the emerging seed-stage companies as they grow, and maximize the impact of the capital committed to the companies and their communities. Startup companies will receive funds based upon the quality of their business model, the technology’s viability, and a strong vision from the management team. Ben Franklin will lead the due diligence process and day-to-day fund management on potential opportunities.

Click here to read the full article.

Vitruvian Acquires Majority Shareholding in Phlexglobal from Bridgepoint

AMERSHAM, England & MALVERN, Pa.–(BUSINESS WIRE)–Phlexglobal, the world-renowned thought leaders and specialists in the provision of electronic Trial Master File (eTMF) systems and services to the life sciences industry, today announced a significant investment by funds managed by Vitruvian Partners (“Vitruvian”). The transaction establishes Vitruvian as majority shareholder of Phlexglobal, while previous majority investor Bridgepoint Development Capital (“BDC”) will exit the company.

BDC has been a supportive partner to Phlexglobal since 2014. The new ownership will enable Phlexglobal to expand the global footprint of its industry-leading service offering and PhlexEview4 technology platform, in order to build on the Company’s premier position in a fast-growing market.

Rick Riegel, Chief Executive Officer of Phlexglobal, commented:

“The Trial Master File is at the center of the clinical trial workflow and crucial to managing increasing regulatory scrutiny. We expect growth across all aspects of the business as pharmaceutical sponsors recognize the advantages of both quality and efficiency in their TMF processes, thereby drawing increasingly on specialist TMF technology and service providers. We have enjoyed significant growth under BDC’s ownership, extended our customer and operational base and relaunched PhlexEview, our eTMF platform. As we seek to continue to strengthen and extend our market-leading customer proposition, the investment from Vitruvian allows us to accelerate our plans and further enhance the depth and breadth of our technology and service offerings.”

Click here to read the full press release.

DSA to Supply Information Assurance Expertise in Support of US Navy Land and Sea Cyber Security Architecture

Effort will support the study, analysis, and research of issues to advance the detection, deterrence, and mitigation of threats to the Navy’s cyber security architectures, both ashore and afloat. 

October 18, 2016

Trevose, PA – Data Systems Analysts, Inc. (DSA), a leader in delivering secure information management solutions to the U.S. Department of Defense, is pleased to announce that the Deputy Chief of Naval Operations for Information Warfare Protection and Oversight Directorate (DCNO N2N6IP) has awarded it a task order under the Joint Program Executive Office for Chemical and Biological Defense (JPEO-CBD) Omnibus Program, Engineering, and Technical Support (OPETS) IDIQ Contract to support optimization of organizational performance in order to maximize efficiencies in the areas of funding, scheduling, contract management and program management and execution. DSA will perform this work in the National Capital Region.

“We are honored and excited to expand our support to the Navy and to assist DCNO N2N6IP in accomplishing its crucial mission requirements,” said Fran Pierce, CEO of DSA.

Under this contract, DSA will provide information assurance expertise to DCNO N2N6IP in support of the study, analysis, and research of issues that will advance the detection, deterrence, and mitigation of threats to the Navy’s cyber security architectures, both ashore and afloat.

About DSA
DSA is an employee owned professional services provider that is ISO 9001: 2008 registered and appraised at CMMI Maturity Level 3 for Service Projects that enables its customers to achieve sensitive, mission critical goals. Founded in 1963, DSA’s solutions encompass program management, knowledge management, business process engineering and security. Our services include cyber security, software development, SharePoint solutions, data analytics, and systems engineering and integration. DSA is headquartered in Trevose, PA and has operations in Denver, CO; Honolulu, HI; O’Fallon, IL; Aberdeen, MD; Tinton Falls, NJ; San Antonio, TX; Charlottesville, VA; Fairfax, VA and the National Capital Region.

Contact
RJ Kolton, Sr VP, Business Development, 703.261.6083; RJ.Kolton@dsainc.com.