Archive for the ‘Florida’ Category
Thursday, September 2nd, 2010
TAMPA, FL – Perrsystent Technology Corp., a company that sells an automated PC recovery system, has raised $2.83 million in a mixed securities offering, according to a regulatory filing.
The company raised $2.86 million in December last year from three investors.
The company disclosed the funding in a filing with the U.S. Securities and Exchange Commission. It raised $11.6 million in 2008 led by ABS Ventures of Boston, and Valhalla Partners of Virginia, with participation from existing investors.
The company raised a $5.7 million B round in 2005, led by Valhalla. Other investors in the company include Inflexion Partners, Tall Oaks Capital, and Village Ventures.
In an interview with Maddux Media, Persystent’s Chief Marketing Officer, Mary Maloney, said the 25-employee company recently added the U.S. Postal Service as a customer nationally and had the best third quarter in its history.
The company sells its SOLO product for users of 1-25 PCs. Other products are aimed at larger business users.
The company says its products make it much easier for IT departments to recover quickly from disasters and proactively control PC damage on or off a network, even if the PC’s operating system cannot engage.
Persystent’s software automatically repairs and restores an infected or corrupted PC’s operating system and software applications, on or off the network, while also ensuring enforcement of corporate configuration policies.
It says that by simply rebooting the system, either automatically or on demand, Persystent returns the PC to its desired, clean recovery point.
Persystent’s solution captures a high speed image of a company PC’s ideal state, including only company approved settings and applications. It then creates a hidden partition on the target PCs and compresses those files, which no one can access.
The company says its solution relieves IT departments of a majority of their systems support tasks by eliminating “configuration creep” and other hidden issues that impact user and desktop productivity.
Some clients have told the company Persystent’s technology has reduced their support calls from 50 to 85 percent.
Customers have included The Department of Defense, PacCoast Builders, Sarasota Memorial Hospital, the City of Orlando, the U.S. Army and the Pentagon.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: financing, FL, PC recovery tech, Persystent Technology, Tampa Posted in Florida, IT, Money | No Comments »
Thursday, September 2nd, 2010
FORT MYERS, FL – CallMiner, a company selling speech analytics software, has closed on its $4 million round from from Boston-based Sigma Partners, Durham, NC-based Intersouth Partners, and Florida-based Inflexion Partners, and an undisclosed strategic partner. It plans to use the funds for expansion.
Other Investors in the company include Village Ventures, Williamstown, MA; and In-Q-Tel, the U.S. Intelligence venture arm based in Arlington, VA.
We reported that the company had raised a portion of the round in early August.
Founded in 2002, CallMiner sells enterprise speech analytics software.
CallMiner’s President and CEO Terry Leahy said, “CallMiner’s industry leading speech analytics platform – Eureka – continues to gain rapid traction in the marketplace as evidenced by two consecutive years of triple digit marquee customer growth and corresponding revenue growth.”
Its clients include Continental Airline, Daimler Financial Services, and Comcast, among others.
The company raised an C round in an undisclosed amount in March, 2009, a $10 million B round in 2006 and a $2.8 million A round in 2004.
CallMiner presented at Tech Media’s 2010 Southeast Venture Conference.
More and more companies are using call analytics to examine those recorded service calls. Most of the calls we make to companies now let you know you’re being recorded or might be. They often run speech analytics on the recordings.
For TechJournal South’s profile of the company in Feb. 2010 see:
CallMiner digs actionable gold from service calls
Tags: Boston, CallMiner, Durham, Florida, Inflexion Partners, Intersoutch Partners, NC, Sigma Partners, speech analytics Posted in Carolinas, Florida, IT, Internet/New Media, Money, North Carolina | No Comments »
Thursday, September 2nd, 2010
CHARLOTTE, NC – Welsh Carson, Anderson & Stowe, a private equity firm, and Peak 10′s executive management have acquired a majority stake in the company. Financial details were not disclosed.
Selling shareholders include majority owner Seaport Capital, a New York-based private equity firm and McCarthy Capital, an Omaha, Neb.-based private equity fund.
Peak 10’s existing management team, led by Co-Founder, President and CEO David Jones will continue to operate the business.
Jones said, “Our partnership with Welsh Carson enables Peak 10 to continue increasing the scale of our business to meet the high demand for data center infrastructure and related managed services. Our strategic focus remains intact but our resources now position us to more rapidly extend our geographic footprint, strengthen our team and further accelerate our managed services and cloud offerings.”
Peak 10 has managed a path of steady and consistent growth achieved through expansion in the greenfield markets of Jacksonville, FL.; Charlotte, NC.; Tampa, FL. and Raleigh, NC, and through acquisitions of established data center companies in Louisville, KY; Nashville, TN.; Richmond, VA and, most recently, Fort Lauderdale, FL.
In 2007 and early 2008, Peak 10 opened greenfield data centers in Atlanta, Ga. and Cincinnati, Ohio respectively. Over the last two years Peak 10 has completed construction of additional facilities in five of its markets to meet customer growth and demand.
The transaction is expected to close in early October.
Tags: Acquisitions, Atlanta, Charlotte, FL, Fort Lauderdale, GA, KY, Louisville, Nahsville, NC, Peak 10, Raleigh, Richmond, TN, VA, Welsh Carson Posted in Acquisitions, Carolinas, Florida, Georgia, Kentucky, North Carolina, Other SE, Potomac, Tennessee, Virginia | No Comments »
Wednesday, September 1st, 2010
FORT LAUDERDALE, FL – Helpful Technologies Inc., a company that acquires intellectual property and develops emerging technology products, has closed a $6.7 million securities offering, according to a regulatory filing.
The offering was in connection with a technology acquisition agreement.
We reported that the company raised $11.02 million in July to fuel acquistions.
Tje company purchased intellectual property from a subsidiary, Fuecotech Inc. of Littleton, NC and Rochester, NY in April for $20.84 million.
Helpful says it works to discover, develop and market emerging technology products, including for the reduction of fuel consumption and reduction of greenhouse gases emissions.
Its end markets include transportation, engine manufacturing, parts manufacturing, oil and gas companies, and applicable internet and military applications.
The company disclosed the current offering close in a filing with the U.S. Securities and Exchange Commission.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: Acquisitions, clean tech, financing, FL, Fort Lauderdale, Helpful Technologies Posted in Acquisitions, Energy, Florida, IT, Money | No Comments »
Tuesday, August 31st, 2010
SARASOTA, FL – Sunovia Energy Technologies Inc. (OTCBB:SUNV), a clean-tech firm focused on LED lighting and solar technologies, has named Art Buckland CEO.
The company hired the turnaround veteran as it engages in a court battle with EPIR Technologies, a shareholder in Sunovia that terminated a research, development and supply agreement it held with the company after Sunovia allegedly breached the agreement and fell back on the required payments.
Buckland’s leadership has resulted in corporate turnarounds, hundreds of millions of dollars of revenue growth, billion-dollar increases in book value, IPOs and LBOs.
He has raised $175 million in private and public capital while starting nine companies, completed 36 M&A transactions worth over $1.45 billion, and turned around seven companies. He has 24 years of experience serving on public company boards. Buckland has led profitable growth and innovation in energy and clean tech for many years.
He guided some of the first developments of Smart Meters in the 1980s, using his semiconductor background working with a diverse array of utility companies and municipalities.
Buckland received the “Entrepreneur of the Year” award (from NASDAQ, Ernst & Young, Sprint, USA Today, and others) for his work with CP Clare, where he grew a small $5 million failing semiconductor company to $147 million of annual revenue in three years.
The IPO at CP Clare resulted in a 122 percent IRR for investors. Recently, in his two years at Soliant Energy, Buckland pioneered the development of a strategic vision for the next generation of solar panels that could generate distributed electricity at utility costs without government subsidies.
Buckland said, “I expect to grow Sunovia efficiently and effectively to realize the tremendous value that has already been created in EvoLucia, and look forward to the challenge of realizing the value in our solar initiative soon after that.”
Sunovia recently reported that it had sold 58 million shares of stock in a private placement, raising $1.16 million.
Tags: Art Buckland named CEO, FL, LED lighting, Sarasota, solar, Sunovia Posted in Energy, Florida, People | No Comments »
Monday, August 30th, 2010
GAINESVILLE, FL – Xhale Inc. has received a $1.8M SBIR Phase II grant from the National Institute on Alcohol Abuse and Alcoholism (NIAAA) of the NIH to develop a next generation breath-based ethanol sensor.
Current devices used to measure breath ethanol rely on technologies that are several decades old and the results from these devices are becoming harder to defend in a court of law. Under this grant, Xhale will develop a portable, evidential breath-based ethanol monitor with superior detection capabilities.
According to the grant’s principal investigator, Richard Melker, M.D. Ph.D., “There is a tremendous need for testing equipment that can produce incontrovertible evidence of accurate quantitation of blood ethanol levels using breath-based technologies. Current commercial field breath analyzers have created this dilemma, because they are not able to produce truly irrefutable evidence.”
Due to harsher penalties, more people charged with drunk driving have decided to take their cases to court. Inaccuracy issues in current breath analyzers have resulted in an increased number of accused drunk drivers fighting and winning their cases.
“Using currently available technology, DUI acquittals are becoming more common when based on the limitations of the current breath analyzers. One key limitation used by defense attorneys is the issue of interferents in the driver’s blood and breath that can lead to inaccurate readings” states co-investigator, Donn Dennis, M.D., F.A.H.A.
“Many common personal hygiene, household, and industrial products contain compounds which can be inhaled or absorbed into the blood and later exhaled in the breath. These substances can interfere with the accuracy of current ethanol detectors in use today, and provide an all too common venue for DUI acquittals.”
Tags: breathalizer, FL, Gainesville, NIH grant, Xhale Posted in Biotech, Florida, Hardware, Money | No Comments »
Monday, August 30th, 2010
FORT LAUDERDALE, FL – Upsteam Worldwide, (OTCBB:MFGD), a “reverse logistics” company, has raised $2.94 million of a $4 million mixed securites offering, according to a regulatory filing.
The company recylces precious metals and electronics solicited from consumers via advertising and its online platform.
The company was previously known as Modena 2 Inc., Money 4Gold Inc., and Money4Gold Holdings Inc. It became Upstream Worldwide in June to reflect its expansion into recycling consumer electronics, many of which include minor amounts of precious metals.
The company reported revenue of $25 million for the six months that ended June 30.
It disclosed the current raise in a filing with the US Securities and Exchange Commission.
Tags: financing, FL, Fort Lauderdale, Money4gold, Upsteam Worldwide Posted in Florida, Internet/New Media, Money | No Comments »
Thursday, August 26th, 2010
By Scott Faris
 Scott Faris
In July, when members of the Obama administration fanned out across the country to promote initiatives to support development of a U.S. electric-vehicle industry, the president himself announced a national goal of capturing 40 percent of the world’s market for advanced batteries for automotive use by 2015.
Right now, the United States makes less than two percent of these batteries, according to the U.S. Department of Energy (DOE).
This is part two of a two-part guest post on advanced battery technology. For part one, see: Development of new battery tech vital.
Batteries based on traditional liquid or polymer electrolyte lithium-ion technology do not scale, or provide the performance or range necessary to make electric vehicles practical and affordable. And the presence of liquid electrolytes makes them unstable and unsafe, requiring costly and sophisticated battery management solutions.
New tech needed
New, transformational energy-storage technology is required to make electric vehicles mass marketable. To that end, the DOE’s Advanced Research Project Agency-Energy Initiative (ARPA-E) announced $106 million in energy research project grants earlier this year.
Included in the DOE funding was nearly $35 million for the Batteries for Electrical Energy Storage in Transportation (BEEST) program that “seeks to develop a new generation of ultra-high energy density, low-cost battery technologies for long range plug-in hybrid and all-electric vehicles.”
A look at two approaches
Systematic innovation that addresses materials, device and manufacturing challenges is what will drive game-changing, advanced battery technologies of the future, which ARPA-E Director Dr. Arun Majumdar told Federal News Radio last April “will make today’s lithium-ion batteries obsolete.”
Let’s look at two of the 10 BEEST-supported approaches: lithium metal-air, which has numerous supporters in the energy storage community, and my own company’s solid-state lithium, also regarded as very promising and, we believe, an even more practical approach.
The PolyPlus Battery Company
This Berkeley, Calif., technology company, which has been developing single-use, lithium metal-air batteries for the U.S. government, now has begun to adapt its technology platform to create rechargeable batteries suitable for efficiently powering electric vehicles. It currently is collaborating with Corning to develop ultra-high specific energy lithium metal-air batteries based on protected lithium metal electrodes (PLEs) for transportation applications.
To make PLEs that enable ultra-high energy density batteries with lithium metal semi-fuel cells, PolyPlus says that it employs a solid electrolyte membrane that is impervious to liquids and gases, along with a unique seal, to encapsulate the lithium metal core. As a result, the electrochemically active lithium core remains isolated from the external electrolyte, enabling the formation of lithium metal-air batteries with energy density comparable to gasoline.
PolyPlus says it expects this technology platform to also lead to high-energy, nontoxic and environmentally friendly lithium metal-air batteries that are lightweight and commercially scalable.
Planar Energy

Recognizing the cost, performance and safety limitation of traditional lithium-ion batteries, my company has developed both unique methodology and technology for achieving solid-state storage cells in which the plastics, binders, powders and liquids of lithium-ion batteries are replaced with durable, nanostructured films.
Our technology couples innovative next-generation electrolyte materials with a proprietary low-cost, chemical deposition platform and manufacturing process to deliver large-format, solid-state, ceramic-like batteries at half the cost and triple the performance of existing lithium-ion batteries.
The only solid-state lithium battery company funded by ARPA-E out of thousands of applicants, Planar Energy employs a non-vacuum, ambient roll-to-roll deposition process performed at room temperatures that will sharply reduce manufacturing costs.
Called Streaming Process for Electroless Electrochemical Deposition—or SPEED— it is dramatically more flexible and scalable than existing methods, allowing Planar Energy to make self-assembled, nano-structured electrolyte and electrode materials with superior chemistries and to overcome production barriers to low-cost solid-state batteries.
Planar Energy expects that this deposition process also will reduce capital costs by half compared with solid-state battery manufacturing using high-vacuum machinery, further reducing the cost of its large-format and high-power batteries.
These and other advanced battery technologies that ARPA-E is supporting are not targeting incrementally improved performance and safety. They actually leapfrog what current lithium-ion batteries deliver and, in my estimation, represent the best opportunity to effect the transformational change in energy storage needed for mass market electric vehicles to be profitable for the automobile industry and affordable for consumers.
Scott Faris is founder and CEO of Orlando-based Planar Energy, a spin-out of the DOE’s National Renewable Energy Laboratory in Golden, Colo., and recipient of a $4-million ARPA-E grant to accelerate the development and commercialization of its solid-state lithium battery technology.
Tags: advanced battery technology, Energy, Planar Energy Posted in Energy, Florida, Viewpoint | No Comments »
Friday, August 20th, 2010
TAMPA, FL – Bit Cauldron Corp., which makes 3D technologies such as advanced glasses for 3DTV, has closed on $1.07 million in equity, according to a regulatory filing.
Investors in the company include Emergent Growth Fund II, of Gainsville, a member-managed angel group.
Founded in the 2008, the company’s 3D glasses technology uses wireless radio frequency rather than infrared. The company also sells transmitters and other products.
It disclosed the raise in a filing with the US Securities and Exchange Commission.
We enjoyed watching a few 3D movies in theatres, but the glasses-which we have to wear over corrective lenses, while better than the 1950s versions, were still less than the ideal in comfort. Also, we became used to the 3D effect, which provided some startling moments, but overall seemed fairly tame. It also cost twice the price of a regular ticket.
We’re not sure people are going to take to wearing glasses to watch 3DTV at home or on computer screens all that often. It seems, still, a novelty rather than something likely to replace the kind of experience that doesn’t require special glasses and more expensive technologies. — Allan Maurer
Tags: 3D eyeglasses, 3DTV, Bit Cauldron, financing, FL, Tampa Posted in Florida, Hardware, IT, Internet/New Media, Money | No Comments »
Thursday, August 19th, 2010
TAMPA, FL – Oragenics Inc. (OTCBB:ORNI) has closed on a $2 million equity and debt round, according to a regulatory filing. The company has developed an oral treatment that could prevent tooth cavities for a lifetime, an antibiotic effective against resistant bacteria, and other innovative products.
Koski Family Limited Partnership is the company’s main investor.
Oragenics, which disclosed the financing in a filing with the US Securities and Exchange Commission, focuses on the discovery, development and commercialization of oral health, antibiotics and general health.
Founded in 1996, it has R&D facilities in Alachua, FL and is headquartered in Tampa.
It sells products based onits ProBiora technology and has a number of others in development.
The company’s Web site outlines the following company history:
Dr. Jeffery Hillman began his basic research into the concept of replacement therapy for preventing dental caries or cavities in the late 1970’s at the Forsyth Institute in Boston. He transferred his research to the University of Florida College of Dentistry in 1992.
There, he continued to pursue the development of a genetically engineered strain of Streptococcus mutans that could help prevent cavities by replacing the body’s natural caries-causing strains of S. mutans.
Currently in clinical trials, Oragenics’ patented SMaRT Replacement Therapy is a painless, one-time, five-minute treatment that has the potential to offer lifelong protection against tooth decay. Applied topically to the teeth with a swab, the therapy can be administered by dentists in the office or in the field.
During his work with S. mutans, Dr. Hillman discovered MU 1140, or a mutacin, a powerful lantibiotic that is produced by the bacterium in tiny amounts. This new broad-spectrum antibiotic has demonstrated activity against Gram-positive bacteria responsible for a variety of clinically important diseases, such as MRSA (methicillin-resistant Staphylococcus aureus), VRE (vancomycin-resistant Enterococcus faecalis) and both growing and non-replicating Mycobacterium tuberculosis cells.
Under the research leadership of Dr. Hillman, the company is also developing two proprietary platforms for the identification of genetic targets that can be used in diagnostic tests as well as in vaccines and therapeutics.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: anitbiotics, Biotech, diagnostics, Dr. Jeffrey HIllman, financing, Florida, Oragenics, preventive cavity treatment Posted in Biotech, Florida, Healthcare, Money, Pharma | 1 Comment »
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