History

Leveraged buyout of System Software Division of Dun & Bradstreet Software Group, 1985: Creation of Vanguard Atlantic Financial Corp. to manage the liquidation of selected D&B software leases;
Formation in April 1985 of TSI International Ltd. TSI, renamed Mercator Software in early 2000, is the leading supplier of data transformation "middleware". Vanguard Atlantic participated in four subsequent finance rounds leading to a public offer (NASDQ:MCTR) in 1997;
Formation of Document Systems Inc. in 1986. DSI provides full text indexing and search software for very large data retrieval applications. Vanguard Atlantic participated in one subsequent financing round prior to its sale to AMS in 1992;
Formation of Decision Technology Inc. in 1986. DTI supplies advanced data extraction and reporting software. DTI was sold to its management group in 1990;
Purchase of controlling interest in Information Science Inc. (NASDQ: INSI) in 1988. All Information Science assets were sold to Computer Associates in 1990;
Formation of ECsoft in 1990. ECsoft is a pan-European supplier of client-server and Year 2000 consulting and project management services. ECsoft made an initial public offer of its shares in 1996 (NASDQ:ECSGY);
Creation of EDventure Ventures in 1994. Vanguard Atlantic acts as both co-general (with Managing Partner Esther Dyson) and as lead limited partner. EDventure Ventures invested in Eastern European technology startups and expansions, e.g., Scala Business Solutions, Poland OnLine, New World Publishing and others. The fund distributed its assets to the partners in 2002;
Formation of Axolotl Corp. in 1995. Axolotl provides collaborative clinical messaging systems to link ambulatory care providers to their healthcare partners and to each other. Vanguard Atlantic invested in Axolotl's first, third (1998), and fourth (2001) rounds;
In 1997 Vanguard Atlantic was one of the initial limited partner investors in Novak Biddle LP. In 1999 and 200 Vanguard Atlantic invested in the Novak Biddle Venture Partnerships II and III.
In late 1998 Vanguard Atlantic made a seed investment in Engenia Software Inc. Engenia's enterprise management software helps companies manage and implement large scale programs to create a "coordinated enterprise" based on business goals and strategies. In 1999 Vanguard Atlantic joined with St. Paul Ventures and others in Engenia's second $6 million round.
In October, 1999 Axolotl merged with AccentHealth. AccentHealth subsequently change the corporate name to Axolotl Corporation. while retaining the AccentHealth mark for its patient portal. Vanguard Atlantic became the largest single shareholder in the merger.
Between 1998 and 2000 Vanguard Atlantic Ltd. made real estate investments in Colorado, New York, and Paris, France. These properties are held either for capital appreciation and/or to serve as the locations for new start-up businesses.
In March, 2000 Vanguard Atlantic Ltd. formed VAL e-Investments L.P., a venture fund managed by ex-Vanguard Partner Jan D. Rumberger.
In April, 2000 Vanguard Atlantic Ltd. invested in ALARA, Inc. a manufacturer of digital dentistry, bone mineral density, and computer-based (non-film) radiography devices.
In May, 2000 Vanguard Atlantic Ltd. provided seed funding to Cinemetrix, Inc. Cinemetrix creates custom animation for E-commerce and other sites needing positive feedback and improved accession costs. In June 2001 Vanguard Atlantic Ltd. provided second round funding to Cinemetrix.
In July 2002 Vanguard Atlantic Ltd. joined with Tudor Equity and other prior investors in a $17.5 million fourth round of funding for Axolotl Corp.
In 2003 Vanguard Atlantic Ltd. joined with St. Paul Venture Capital, Novak Biddle Venture Partners, the Dominion Fund, and others in providing bridge financing to Engenia Software Inc. prior to it launching a Series D preferred round of financing.
On September 5, 2003 Vanguard Atlantic Ltd. led a $1 million Series G preferred round of financing at Alara, Inc., to assist the company in the launch of its imminent Computerized Radiology (CR) product, CrystalView. CrystalView, a low-cost desktop digital CR product aimed at decentralized processing of radiographic images using standard xRay sources with replacement "film" canisters that are actually reusable storage phosphor screens, will be launched at the RSNA radiology show in Chicago at the end of November.
On September 12, 2003 Ascential Software Inc. announced that it had completed the acquisition of Mercator Software in a public tender. Vanguard Atlantic tendered all of its shares in Mercator in the merger. Ascential was subsequently acquired by IBM.
In October, 2004, Conamara Partners managed the purchase of Axolotl's AccentHealth division for a combination of cash and debt.
In April, 2005 Vanguard Atlantic Ltd. and Asset Management Company provided Alara, Inc. with $1.75 million of new capital to complete the CrystalView line of desktop Computerized Radiography (CR) devices. In November 2005 they provided Alara with an additional $1.75mm line of credit to be used in the marketing and distribution of CrystalView.
In March 2006 Axolotl completed a share repurchase and sale that left Vanguard Atlantic, who declined to sell shares in the offer, as the majority shareholder of preferred shares.
From 2006 until present Vanguard Atlantic has invested an additional $2 million in Alara, matched pro rata by its other partners.
In March 2008 Vanguard Atlantic made a small ($200,000) minority investment in Packaged Business Solutions, International
In October 2008 Vanguard Atlantic joined other investors in providing bridge financing to a "B" round for Packaged Business Solutions, International