CHICAGO – CID Capital’s venture group is heading into 2008 buoyed by significant achievements in the past year. Here are a few of the high points from 2007.
CID led a $14.5 million investment in San Diego-based MedVantx. By designing an integrated channel around the physician and patient relationship, MedVantx is improving health care through returning control of pharmaceutical dollars to consumers.
Appriss, which is a leading provider of software-as-a-service (SaaS) solutions to local, state and Federal criminal justice and law enforcement agencies, has secured a strategic investment from Bain Capital Ventures and JMI Equity to recapitalize the company.
A leader and innovator in the dental implant market, Atlantis Components was acquired in 2007 by Astra Tech AB, which is a leading Swedish medical technology company and a subsidiary of AstraZeneca.
Everest Biomedical Instruments Corporation, which is a pioneer in the design and development of brain-state assessment devices, was acquired by Stryker, which is a leading medical products manufacturer based in Kalamazoo, Mich.
Midi, which is a leading provider of compliance and ethics online education and awareness solutions to corporate enterprises, merged with Compliance & Ethics Learning Solutions, which is a Chicago-based holding company created to target the compliance training sector.
Renal Solutions, which is a medical device company, was acquired in Nov. 2007 by Fresenius Medical Care AG for $190 million. It will continue operations as a wholly owned subsidiary of Fresenius, which is the largest integrated global provider of dialysis products and services.
In recognition of significant growth opportunities, CID provided follow-on investments to several of its portfolio companies. These include the following.
Ageia Technologies is a fabless semiconductor company dedicated to delivering pervasive interactive reality to next-generation games.
Celleration is a Minneapolis-based medical device company that has commercialized the patented MIST Therapy System, which is an innovative device that utilizes ultrasonic sound waves to heal chronic and acute wounds.
Ekos Corporation is the world leader in providing ultrasound-assisted, fluid-infusion catheters systems for diagnosis and therapy.
Exacq Technologies is a leading developer of open architecture, network video recording solutions scalable from a small single camera solution to corporate or campus systems with thousands of cameras.
Lamina has established itself as the market leader in the development and production of super-bright LED arrays.
PinStripe is a leading provider of recruitment process outsourcing services focused initially on the financial services and health care verticals.
RedSky Technologies is a leading provider of emergency response crisis solutions including enhanced 911 (e-911) software and communications solutions to the enterprise and government markets.