Portfolio

The following companies are members of the NewSpring Ventures portfolio:

 

Bluenog Corp
Bluenog Corp., headquartered in Piscataway, NJ, is a software and solutions Company that provides commercial, integrated solutions built on open source Application Infrastructure Software (AIS). Bluenog saves organizations time and money by providing pre-integrated products and solutions that blend open source and commercial technologies together.  The Company’s focus is on enterprise infrastructure software including Portal Servers, Enterprise Content Management and Business Intelligence. Bluenog’s open source platform is pluggable with leading commercial stacks, and can also be run stand-alone.

Continuing Care Rx
CCRx is an institutional pharmacy company servicing over 10,500 long-term care beds in over 100 nursing facilities and approximately 25 correctional facilities across the Northeastern Region of the United States.  CCRx provides medicine distribution, medical supplies, nutritional supplements, and pharmacological consulting services to long-term care and other selected institutional populations.  Founded in 1996 by Thomas Trite, CCRx was owned by The Presbyterian Hospital System since 1998.

CorrectNet
CorrectNet is a leading provider of client reporting and data management solutions to Asset Management Firms. Their solution powers over 900 web reporting portals that serve over half a million investors, portfolio managers and executives. A pioneer in managed services, CorrectNet provides a complete turnkey solution that (a) aggregates content from multiple sources; (b) manages workflow to produce quality information; (c) delivers flexible, customized client reports from this data via the web, email, fax and/or paper; and (e) assures compliance with audit, control and regulatory processes.

CyberShift
CyberShift is recognized as a leader in time tracking solutions. Its Workplace Management solutions provide large enterprises with a single solution for complex employee management requirements, including time management, project management, vacation scheduling, access control and reporting processes. CyberShift's web-based and client-server solutions interface seamlessly with key applications (ERP, Human Resource and Payroll) and are the choice of Fortune 1000 companies worldwide.

EKR Therapeutics
EKR was founded to provide prescription products and therapeutic solutions that support and improve the quality of life of cancer patients. Oncology supportive care is becoming an increasingly critical component in support of patients as they progress through the complex arena of oncology treatment.The management team of EKR believes that cancer survival is largely impacted by the appropriate management of side effects encountered by patients undergoing therapy. EKR Therapeutics is committed to collaborating with the full scope of healthcare practitioners in helping patients adhere to primary treatment through the use of supportive care products.
Fiberlink Communications Corp.
Fiberlink is a leading provider of customized managed secure remote access solutions, offering a full range of solutions including: Fiberlink Global Remote for Mobile Professionals, a VPN solution delivering maximum security, high-availability and superior value; Fiberlink Secure Broadband for Telecommuters, a high speed solution for the home office with policy-based integration of firewall and VPN software; and Fiberlink Global Connect for Remote Offices, a managed VPN solution enabling secure, cost-effective connections between remote offices.
GCA Services Group
GCA Services Solutions, Inc. provides facility support services to institutions in selected specialty industrial sectors and the education (K-12 and colleges/universities) market. The services are primarily provided to owner-occupied buildings and encompass a range of contract cleaning services including hard surface floor cleaning, carpet cleaning, vacuuming, dry and wet mopping, dusting and sweeping, and window washing. GCA also provides ancillary services, such as grounds care, security, light maintenance, minor plumbing and HVAC repair. GCA will be building its business through selected acquisitions and organic growth.

Habit Opco
Habit Opco, Inc., based in Boston, MA, is one of the largest accredited healthcare organizations in New England providing multi-disciplinary treatment services on an outpatient basis to individuals addicted to drugs enabling them to function normally in society. Habit provides comprehensive services to individuals addicted to opiates and currently operates 12 sited programs and two mobile van units.

Immune Control
Immune Control, based in West Conshohocken, Pennsylvania, is a life sciences company that is exploring the repurposing of specific serotonin antagonists to block serotonin receptors to stop the proliferation of dividing cells.  The target market for the technology includes autoimmune diseases, transplant rejection, and some hematologic cancers.

Internet Pipeline
iPipeline leads its industry in providing the next-generation suite of sales distribution software to the insurance and financial services markets as an on-demand service. By positively influencing behavior across the value chain through flexible, rules-based technology, iPipeline's channel solutions for carriers, distributors, and agents automate activities for field underwriting support, quoting, comprehensive forms, illustrations, requirements ordering, contracting, and content, enabling the industry to market better, sell more, and process faster. iPipeline provides the process automation and seamless integration needed to make a sale by aggregating over 125 carriers, 850 distributors, and 400,000 agents in a single, Web-based environment — the iPipeline Network. The network generated over $3 billion in premiums in 2008.

KIT digital
KIT digital is a publicly traded company on the NASDAQ Global Market under the ticker symbol KITD. Since 2001, KIT digital has been providing proprietary video distribution technologies and video-centric interactive marketing solutions to large, global clients such as News Corp., Verizon, K-Mart, Coles, NASDAQ, Hummer and RCS. Through its end-to-end platform, KIT digital works closely with consumer brands and content providers to maximize the value of video content via the Internet. The KIT platform, VX, allows clients to publish, manage and distribute digital video content, build online communities and integrate advertising.

LiquidHub
LiquidHub is a leading systems integrator and technology consultancy firm delivering Strategy, Applications, Data, and Infrastructure solutions to Global 2000 organizations within the context of Enterprise and Service Oriented Architectures. The Company partners with its clients in life sciences, pharmaceutical, healthcare, insurance, financial services, and other key industries to deliver technology solutions globally.

Nitric BioTherapeutics
Nitric BioTherapeutics is a venture-backed biopharmaceutical company dedicated to exploring medical applications of topically applied gaseous Nitric Oxide (gNO). The Company will conduct clinical trials and commercialize gNO for the treatment of non-healing chronic wounds and for the treatment of other topical medical problems such as post-surgical infections.

NitroSecurity, Inc.
NitroSecurity is the leading provider of Unified Information Security solutions that provide Edge-to-Core network security for over 500 enterprises across many vertical markets, including healthcare, education, financial services, government, retail, hospitality, and managed services. Leveraging decades of R&D and patented data management technology, NitroSecurity delivers a highly integrated, cost effective network security product suite for security information and event management, log management, database activity monitoring, network analysis and intrusion prevention.

Othera Pharmaceuticals
Othera focuses on the research and development of ophthalmic drugs that specifically treat Age-related Macular Degeneration (AMD), Cataract, and Glaucoma. The Company emphasizes the conversion of past major research efforts into practical applications. The potential market for the company’s products exceeds $48 billion. Othera’s two drug candidates, OT-551 (cataracts and AMD) and OT-730 (glaucoma) are small molecules expected to be delivered in eyedrop formulations.

ProfitPoint
ProfitPoint, Inc. is the leading provider of stored value solutions for the mass merchant marketplace. The company specializes in the design and implementation of custom Gift and Loyalty Card Programs and supports their programs with all forms of non-cash payment processing products and services, as well as marketing collateral, gift card packaging, 24/7 customer service and free merchant training. Founded in 2003 by several veterans of the payment services industry, ProfitPoint has experienced double-digit growth year over year since its inception. In 2008, Inc. Magazine ranked ProfitPoint as the 59th fastest-growing privately held company in America with three-year sales growth of 2,642.0%. The company is headquartered in Clifton Heights, PA and has its customer care center in Franklin, TN. Now serving more than 20,000 merchant locations nationwide, ProfitPoint produces in excess of fifteen million cards per year and processes more than twenty million stored value transactions on its proprietary gift and loyalty card platform. For more information about ProfitPoint, visit www.rewardforloyalty.com

RealTIME Media
RealTIME Media, Inc. is a leading provider of customer relationship marketing and promotion services in the digital space. Its innovative patented and patent-pending technologies have set the standard for driving immediate revenue for clients through highly effective marketing campaigns that Acquire, Activate and Retain customers. RealTIME specializes in compliance based digital marketing solutions. RealTIME provides both online products and fully integrated online/offline advertising and marketing solutions to its clients.

RecoverCare
provides specialty low air loss mattress and overlays, preventative foam and gel products, hospital beds and patient transfer systems to acute care hospitals, nursing homes, and other providers of wound care and bariatric services. The company’s products and services serve a $2.3 billion specialty support surface and bariatric product market.

Smart Destinations
Smart Destinations, Inc. is a provider of technology-based packaged travel products and services to the tourism industry.  The Company’s flagship product, “The Go Card” provides an all-in-one admission pass to a city’s top attractions.

Sopherion Therapeutics
Sopherion develops novel anti-cancer therapies for patients suffering with advanced cancer, including metastatic disease. The Company has an exclusive licensing agreement with Zeneus Pharma Ltd. for the future commercialization of Myocet (a liposome-encapsulated doxorubicin-citrate complex) in North America. The company also leverages its Minicell Peptide Display screening technologies to identify additional therapies. Sopherion focuses on research and development of new oncology compounds, employing its proprietary drug discovery platform to develop novel specialty biopharmaceuticals, which it markets.

 

 

NEWSPRING VENTURES - EXITS

 

AppTec Laboratory Services
January 2008

 

Bulova Technologies,
December 2008

formerly Ecount
March 2007

 

Network Communications Technology
2006/2008

 

NutriSystem
Final public market liquidation completed September 2008

 

Prescient Applied Intelligence
January 2009

 

Ripple Technologies
June 2008

 

TMG Health
October 2008