EisnerAmper to Host PACTCapCon 2020

The 27th Annual Capital Conference comes back to Center City September 23 & 24

PHILADELPHIA, March 24, 2020: Philadelphia Alliance for Capital and Technologies (PACT) proudly announces EisnerAmper as host of the PACT Capital Conference 2020, and welcomes Conference Co-Chairs Patrick Boyle, CPA, Partner-in-Charge of Audit and Assurance in PA and Paul Dougherty, CPA, Partner-in-Charge, Philadelphia.

PACT will showcase the region’s companies and capital at the largest venture conference in the Northeast. This conference offers a full day and a half of content, speakers, networking and company pitches. The inaugural Gala Reception, a prime arena for networking with regional and Mid-Atlantic business professionals, will be held back at the Crystal Tea Room. This year, it will kickstart the conference the day before on September 23. Whether attendees are seeking capital, customers or connections, the opportunities to achieve this happen at the PACT Capital Conference 2020.

“EisnerAmper is excited to host the PACT Capital Conference, which is such an important touchpoint for the entrepreneur and investor community in our region across the country”, said Boyle. Dougherty added, “When you are able to bring together people driving innovation and investment in a dynamic setting, wonderful things happen. We are delighted to play a role in that process and look forward to a great event.”

About the Co-Chairs

Patrick Boyle is Partner-in-Charge of EisnerAmper’s Audit and Assurance Practice in Pennsylvania. With over 25 years of public accounting experience, Patrick has assisted his publicly and privately held clients with all aspects of SEC reporting, compliance and filings, as well as Sarbanes-Oxley compliance and reporting. He has also assisted clients with transactions such as initial public offerings, private placements, acquisitions, divestitures, and debt and equity financings. Patrick specializes in the technology and life science sectors and also serves other sectors including manufacturing, distribution, real estate, construction and professional services.

Paul Dougherty is a Tax Partner and Partner-in-Charge of EisnerAmper’s Philadelphia practice, with more than 30 years of public accounting experience, and is a former member of the firm’s Executive Committee. Paul has dedicated much of his career to building and enhancing a specialized expertise in corporate taxation, high net worth individuals and IRS controversy. He has significant experience in the review of corporate, partnership and individual tax returns; sophisticated tax planning techniques; representation at federal and state audits; real estate taxation; tax lien matters; and mergers and acquisitions. Paul is a frequent writer and speaker, presenting seminars nationally and throughout the tri-state area on various tax matters.

About the PACT Capital Conference
New this year, the Gala Reception, sponsored by Grant Thornton LLP and Pepper Hamilton LLP, will kickstart the festivities by taking place the night before the conference begins at the Crystal Tea Room (back by popular demand).

The PACT Capital Conference has a long tradition of uniting key players from the private equity, venture capital, and entrepreneurial communities. This day-and-a-half event offers both sponsors and attendees access to emerging companies from the Mid-Atlantic region, networking opportunities with the movers and shakers from the community, and educational panels and content sessions. As the oldest and most established venture conference in the Northeast, this conference draws more than 1,000 participants each year. It stands as the catalyst for billions of dollars in venture funding and entrepreneurial success.

It connects the region’s best and brightest entrepreneurs to investors both in region and out of region. But this program is something more. It will showcase mature companies from the Philadelphia area along with pitch sessions from international, university, and social impact entrepreneurs. It boils down to more capital opportunities for entrepreneurs and more potential investments for investors.

The conference will conclude with the fifth installment of the Lion’s Den, in which select companies will present to a panel of distinguished angel investors looking to write a check and power entrepreneurial ventures. Last year’s Lion’s Den resulted in more than $550K distributed in aggregate.

For the latest information, visit our website: www.pactcapconf.com, Linkedin, Twitter (@PhilaPACT), and Facebook.

About Philadelphia Alliance for Capital and Technologies (PACT)
PACT’s vision is to be the go-to resource for fast growing companies, and a driver of entrepreneurship and innovation in the Philadelphia region. PACT provides its members with valuable content and connections to capital, coaching, and customers that will accelerate their growth and success, and to collaborate with other organizations to drive innovation and entrepreneurship in the region. www.philadelphiapact.com

About EisnerAmper

EisnerAmper LLP, one of the largest professional services firms in the world, is a premier accounting, tax and business advisory services firm. EisnerAmper provides audit, accounting and tax services; valuation, due diligence, internal audit and risk management, litigation consulting and forensic accounting; as well as technology, compliance and regulatory, operational consulting and other professional services to a broad range of clients, including services to more than 200 public companies. The firm has more than 200 partners and principals and 1,900-plus employees. For more information, please visit eisneramper.com.


Media Contact:

Amanda Nardi Di Filippo





Xverity Launches CaregiverAssistSM for Employer and Home Care Markets Tech-enabled solution creates 24/7 “caregiver presence”

Bethlehem, PA – Xverity, Inc., a technology-enabled caregiving services company, today announced the launch of CAREGIVERASSISTSM, a nationwide social ecosystem designed to support caregivers and provide safety, security and peace of mind for care recipients.

CAREGIVERASSIST is available in two versions: one for the employee market to help relieve the stress of juggling dual responsibilities as caregiver and employee, the second for the home care industry  In both cases, CAREGIVERASSIST creates a 24/7 “caregiver presence” when the paid home care professional or unpaid family caregiver is not with the care recipient.  A key component of CaregiverAssist is an Advocacy Center staffed by trained personnel to answer questions and, when appropriate, refer the caller to other CaregiverAssist resources.

Joe Cellucci, Xverity founder and CEO, said that CAREGIVERASSIST is the first high-touch/high-tech services solution for employers dealing with 20% productivity losses, higher health benefits costs, and 32% voluntary terminations among employee caregivers, and for home care companies trying to balance increased efficiency with a positive customer experience. A cancer survivor and only-child caregiver for his mother, Cellucci transformed a technology platform used by thousands of chronically ill outpatients in the UK.  “Here in the US, we spoke with HR professionals about gaps in corporate-sponsored programs to support employee caregivers.  And we reached out to our seven-member Innovation Advisory Board for their expert input and reaction to the design of CaregiverAssist.  For the home care market, we polled our home care network to learn about caregiving from their perspective as managers of professional caregivers,” Cellucci said.

Read more.

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

Shared by Philly Tech News

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.