News Article | July 12, 2017
SAN JOSE, CA--(Marketwired - July 12, 2017) - Tech Capital, LLC, the asset-based finance company and wholly-owned subsidiary of Tech CU, today announced that it has originated a $2 million asset-based loan for Gemini Duplication, Inc. The company provides statewide legal document evidence retrieval for California attorneys seeking to expedite benefits in workers' compensation claims. The highly-fragmented niche was ripe for consolidation and a company with advanced business tactics. The company was founded in 2004 by Dan Mora. Already an industry technology leader, in 2010 Gemini began a "LEAN journey," diligently identifying waste, improving quality and turnaround time, and ultimately capturing significant market share. As inaugural president of the trade association CWCSA, Dan worked with the California legislature, Department of Industrial Relations and Department of Workers' Compensation to help pass a bill and regulation resulting in fixed price billing, along with new payment term guidelines. With the new legislation now in effect, payment terms have stabilized and, more importantly, payment processing speed has increased significantly. "Our ability to adjust to the new statute and regulation has created an opportunity for industry consolidation. With our early investments in technology and LEAN business processes, we've been able to acquire smaller companies and integrate them easily," said Dan Mora, Founder and CEO of Gemini Duplication, Inc. "This loan allows us to accelerate our growth by providing working capital to support our acquisition strategy and technology investment. We are in a complex niche; Tech Capital was able to understand our unique needs and worked with us to create a loan structure to meet our business requirements." "We worked closely with Gemini Duplication to ensure that they received a loan perfect for their circumstances," said Joe Anzalone, Managing Director of Tech Capital, LLC. "Our relationship based approach allowed us to understand the essential elements of Dan's business model and deliver a customized lending solution that meets Gemini's working capital needs." Tech Capital, LLC began providing asset-based loans in late 2015 for companies (manufacturers, distributors and service companies) in need of revolving lines of credit for debt refinancing, equipment purchases, or as a supplement to working capital. For more information on Tech Capital, visit: https://www.techcu.com/Business/Business-Loans-and-Lines/Tech-Capital-LLC/. Tech CU is also a top originator and a preferred lender for SBA guaranteed loans. To learn more, visit https://www.techcu.com/Business/Business-Loans-and-Lines/SBA-Loans/ or contact Tech CU at (800) 448-1467. Tech CU (techcu.com) is a $2.4 billion credit union serving more than 85,000 members throughout the San Francisco Bay Area -- including employees of such companies as Tesla, eBay, Applied Materials, Nvidia and Facebook. A federally insured, not-for-profit organization, we put the financial interests of our members ahead of shareholder profit by helping members achieve their financial goals on their terms and by sharing the benefits of our growth. Founded in 1960 by a group of forward-thinking employees at Fairchild Semiconductor, today we continue to be an industry leader, providing innovative financial products for all stages of our members' lives, including personal banking, wealth management, private banking, commercial lending and business banking. Tech CU consistently achieves high marks for its customer satisfaction and maintains a 5-star rating from Bauer Financial, the nation's largest independent rating service for financial institutions. And, with mobile and online banking, 65,000+ surcharge-free ATMs worldwide (more than Chase, Bank of America and Wells Fargo combined) and convenient branch access to our financial experts, Tech CU makes 24/7 banking easy and empowering.
News Article | July 10, 2017
"Blockchain technology is affecting financial markets in a dramatic fashion," said James P. Dowd, CFA, the CEO of North Capital. "We believe that the Ethereum blockchain will continue to gain traction as an effective protocol for tracking digital assets of all types, particularly financial assets." The firm has modeled Proof Ethereum on other successful investments linked to Bitcoin that were brought to market by Pantera Capital, Grayscale Investments and others when Bitcoin was gaining popularity. "Proof Ethereum is the first offering of its kind to give investors the opportunity to invest in the future of Ethereum and Ether," according to Dowd. Proof Ethereum membership interests are available to accredited investors, according to the company's offering materials. Details are available at the company's website: http://www.proofethereum.com or by contacting the managing dealer, North Capital Private Securities, at email@example.com. North Capital Investment Technology (NCIT) is disrupting exempt securities markets by providing software as a service (SAAS) solutions to enable the offering, transaction, clearing, and custody of private securities. Through its TransactAPI, Marketplace-as-a-Service, and DirectInvest solutions, NCIT provides the technical infrastructure and facilitates regulatory compliance for registered broker-dealers, funding platforms, and private issuers to transact private securities. Proof Ethereum LLC securities are offered through North Capital Private Securities Corporation, member FINRA / SIPC, an affiliate of Proof Ethereum Management Inc., the manager of Proof Ethereum LLC. Private investments involve a high degree of risk, are illiquid, and are not suitable for all investors. Review the offering materials carefully before investing. Not an offering to sell or the solicitation of an offer to buy securities.
News Article | March 1, 2017
Guest Key Note Speaker: Pam Krueger, Host and Executive Producer of the Award-Winning PBS TV Series, MoneyTrack MELVILLE, NY / ACCESSWIRE / March 1, 2017 / The Long Island Capital Alliance ("LICA"), Long Island's leading non-profit capital formation and business development organization, today announced the presenting companies, investor panelists and guest keynote speaker for its Technology Capital Forum to be held on Friday, March 10, 2017. The capital forum will feature presentations by companies which have connections to the Long Island region and are building business around innovative technologies which address sectors such as software applications, artificial intelligence (AI) and virtual reality (VR), cloud-based solutions and optical/thermal imaging. At the capital forum, six companies will present to an audience that will include venture capital firms, investment banks, private equity firms, and angel and high net worth investors. Each of the companies selected by LICA for presentation at the capital forum possesses unique technologies to enhance business processes or elevate functionality for new products that have meaningful catalysts for growth. A panel of investment professionals will be on hand to review the presentations, offer their insights on the presenters' commercial viability and prospects for market success and provide expert commentary on investment conditions in the broader technology sector. Pam Krueger is the host, creator and executive producer of MoneyTrack, an award-winning PBS TV series. She also is the founder of WealthRamp and an investor education expert. In 2015, Ms. Krueger launched WealthRamp, an online solution to help consumers find qualified financial advisors who adhere to the highest fiduciary standard, and who are not commission-driven. WealthRamp uses an eHarmony style algorithm to match individual investors to the best-fit advisors, and is available to consumers at no cost. Ms. Krueger also created the award-winning MoneyTrack investor education television series seen nationally on over 250 PBS stations. She is the recipient of a 2010 and 2009 Gracie Award, educating the public about personal investing, and finding the right financial advice. Ms. Krueger's newest one-hour special, MoneyTrack: Money for Life, began airing on PBS in late 2016. She serves on the board of directors of the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, and received the Financial Educator of the Year Award in 2010 from the Financial Literacy Institute. The following investment professionals will participate in the investor panel at the Technology Capital Forum: Russ Artzt, Executive Chairman, Ringlead Inc., and Technology Investor: Mr. Artzt is the founder of CA Technologies and an active investor. With more than 30 years experience as a technology leader and executive, Russ provides counsel in the areas of strategic partnerships, product development leadership, community and public affairs and corporate strategy. Steven Perricone, Managing Partner, Pilot Mountain Ventures: Mr. Perricone is Founder and Managing Partner at Pilot Mountain Ventures, a New York based venture capital firm focusing on seed stage investments in the technology and medical device fields. Portfolio companies in the New York area include Bond (acquired), Imperative, Kinetic, and Pinks & Greens among others. Prior to founding Pilot Mountain, Mr. Perricone co-founded Serrano Ventures where he remains a partner, served as a Managing Director in the Equity Derivatives area of Deutsche Bank, and was a Senior Consultant with Accenture. Josh Adam, CFA, Wall Street Share: Mr. Adam has more than 15 years of experience in financial analysis, investment research and portfolio management. He has held various senior level positions in the hedge fund industry, where he has been a portfolio manager, Director of Research and analyst. Azone Enterprises Inc.: Based in Brooklyn, NY, offers predictive analytics to help small businesses with inventory refill. Digital Direct IR, Inc.: Based in Fresh Meadows, NY, develops patented multi-spectrum thermal imaging and optics technologies which enables access to a $20 billion+ market opportunity in the homeland security, healthcare, military, first responder, drone, automotive safety, autonomous vehicle, industrial and energy industries. Infiniam Analytical Services Inc.: Based in Deer Park, NY, creates automated platforms for legacy code and data application migration to the cloud. PMC Technology: Based in Bethpage, NY, develops application to reduce operational downtime at critical public facilities. SkillMil: Based on Menlo Park, CA, with connections to New York, creates a precision hiring platform for Military Veterans and Businesses using proprietary machine learning and AI technology to provide a quantifiable match of a candidate to the requirements of a job posting. Space Out VR: Based in Troy, NY with operations in Bellmore, NY, develops technology to integrate entertainment, gaming and communications into a personified, sociable VR App. LICA is hosting the Technology Capital Forum on Friday, March 10, 2017 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747. The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging technology companies. Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity. LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature, middle market, closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations. For more information on LICA and its next event, please contact LICA today or register online at www.licapital.org.
Technology Capital | Date: 2014-04-17
A host based security system for a computer network includes in communication with the network a credential host that is operative in concert with a local computer and a destination site. The destination site has a credential authentication policy under which credentials associated with the local computer upon being authenticated authorizes data to be communicated between each of the destination site and the local computer during a communication session over the network. The credential host stores the credentials to be used by the destination and is operative to transmit the credentials onto the network in response to a request received from the local computer. The destination site upon the credentials being received and authenticated thereat is operative to transmit session information onto the network. In turn, the local computer is then operative to commence the communication session upon receipt of said the information.
Technology Capital | Date: 2016-11-07
Technology Capital | Date: 2016-11-07
Prosthetic instruments for dental purposes. Custom manufacture of dental prosthetics; Dental technician services; Making of prosthetic devices to order.
Technology Capital | Date: 2016-11-07
Technology Capital | Date: 2014-05-21
News Article | September 30, 2010
Karnataka Information Technology Venture Capital Fund (Kitven), managed by the Karnataka Asset Management Company Private Ltd, is close to making its third investment from its Rs 26.25-crore second fund targeting investments in IT, biotech and nanotech industries in the state. Kitven Fund 2 may be looking at investing Rs 2-2.5 crore, what is typically its range, in Bangalore-based Sloka Telecom, a radio access network solution provider. Sloka designs, develops and sells compact and cost-effective base stations for new standards such as fixed WiMAX and mobile WiMAX. Founded in 2004 by wireless and telecom industry professionals Sujai Karampuri and Venkata Subbaiah, Sloka is working on technologically advanced, cost-effective and appropriate solutions for broadband wireless, voice, and video applications targeting rural and urban markets. An e-mail sent to Sloka CEO Sujai Karamapuri did not elicit a response at the time of posting this story. Kalozal Consultants is advising Sloka on the transaction. Kitven Fund CEO A R Jayakumar declined to offer any specific comments but said there were a few deals in the pipeline. Only in April, Kitven 2 announced its first investment in the lifesciences and biotech space with Mitra Biotech in a round where Accel Partners too co-invested. The second fund, which is currently in investment mode, has also invested in Pawaa Software, which is in the data leak prevention space. Kitven Fund 2 has raised funding from Karnataka State Industrial Investment & Development Corporation Ltd (KSIIDC), Karnataka State Financial Corporation (KSFC), Small Industries Development Bank of India (SIDBI) and Karnataka Bio-technology & Information Technology Services (KBITS). Unlike the first fund, which invested only in IT during its nearly 12-year life cycle, the second fund has a broader mandate. The first fund, with a corpus of Rs 15 crore, invested in 17 companies and has made 12 exits. Kitven is looking at some more exits soon from the first fund portfolio and at closing the fund by the fiscal end. “I think we could be talking of an IRR of 10-12% from the first fund during the 10 to 12-year cycle,” Mr Jayakumar said. Some of the first fund portfolio and exit routes read like RelQ Software (acquired by EDS), ECAD Technologies (acquired by AT&S), Proteans Software (acquired by CAMO), Logix Microsystems (IPO), Cerebra Integrated Technologies (IPO), Indegene (strategic investment), Comat and Telibrahma (secondary sale). Apart from these two funds, Kitven’s scope and level of activities could potentially increase if some of these state government proposals are implemented. The state government is keen to set up three exclusive funds targeting the biotech, semiconductor and SME space. According to the state biotech policy, the government has announced a Rs 50-crore bio-venture fund (KBio-Ven Fund) to be set up jointly with a professional VC firm. The fund, in which the state government will hold 26% stake and the rest will be held by VC firms and financial institutions, will focus on hi-tech areas such as transgenics, stem cell biology and bio manufacturing. Similarly, the semiconductor policy says, the state will contribute a sum of Rs 25 crore to the Kitven IT Fund as 26% contribution (with the balance to be raised from the market) for investing in semiconductor firms.