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Recent Events
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February 2008 -
Vanguard Atlantic Ltd. and other investors provided
Packaged
Business Solutions International with $750,000 in Series A
preferred financing.
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June 2006 -
Alara sold $3,835,000 of new series AA shares to
Vanguard Atlantic Ltd. and Asset Management Partners. The new funds
were to be used to finance completion of the company's computed radiology
(CR) product.
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March 2006 -
Axolotl launched a share repurchase offer where holders
could exchange their preferred and common stock for a new series or each or
for cash. Vanguard Atlantic chose to retain its shares and offered to
purchase more. The result was a complete restructuring iwhich Vanguard
Atlantic became the lead and majority shareholder.
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November
2005 - Vanguard Atlantic Ltd. and Asset Management Company have provided
Alara with an additional $1.75 million bridge line of credit. These funds will be used
roll-out Alara's CRystalView family of desktop Computed Radiography (CR)
products that were announced and demonstrated at the November 2005 RSNA show
in Chicago.
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| April,
2005 - Vanguard Atlantic Ltd. and Asset Management Company (http://www.assetman.com)
have participated in a $1.75 million additional investment in Alara,
Inc. The new funds will be used to complete development of, and
launch, Alara's CRystalView family of desktop Computed Radiography (CR)
products for general radiography applications.
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October,
2004 - Conamara Partners has led the acquisition of the AccentHealth
business unit from Axolotl for cash and some residual debt. The
divested business will operate under the name AccentHealth. Axolotl
will utilize the cash received to build its rapidly-growing Hospital
Information Management and transcription services businesses.
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Prior
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September
12, 2003 - Ascential Software Corporation has completed the acquisition
of Mercator Software, Inc., creating what it says is the largest independent
provider of enterprise data integration software solutions.
"The acquisition of Mercator further expands Ascential's Enterprise
Data Integration Suite and creates the industry's first and most
comprehensive data integration product set for transactional, operational
and analytical requirements, regardless of data volumes or latency. This
uniquely enables our customers to apply data integration solutions
pervasively throughout the enterprise," said Peter Gyenes, Chairman and
CEO of Ascential Software.
"All operations of Mercator will be immediately integrated within
Ascential's operations," Gyenes said.
Vanguard Atlantic Ltd. was a founding investor in Mercator, and Vanguard
Atlantic's President, Ernest E. "Lee" Keet served on its board of
directors from 1985 through 2003. |
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September
5, 2003 - Vanguard Atlantic Ltd. increased its investment in Alara,
Inc. to $6 million by leading a Series G preferred
round of financing which will 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.
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September
3, 2002 -
Richland
Ventures, Tudor Investments, and Vanguard Atlantic Ltd. have provided
Axolotl with bridge funding in the form of $1 million of convertible
debt. These funds are believed to be sufficient working capital to
allow Axolotl to sustain cash-positive operations.
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| May
1, 2002 - Alara Inc. has acquired the assets of
Phormax, including its multi-head phosphor scanner which Alara will
manufacturer and commercialize for general release in 2003. |
| January
31, 2002 - The EDventure Venture Fund has closed at the
end of its contractual life. Vanguard Atlantic Ltd. was the fund's
largest limited partner and acted as co-general manager with Managing
Director, Esther Dyson. Shares of two properties remaining in the fund
have been distributed to the partners. Vanguard Atlantic now is
directly responsible for its shares in New World Publishing, parent of the Prague
and Budapest
Business Journals. |
| August
1, 2001 - Vanguard Atlantic Ltd. reported the
failure of its efforts, along with McLean Watson Capital, to refinance
V2Commerce Corp. after the rejection of their offer by the company's largest
common holders. As a result of this rejection and in the absence of
any other offers the V2Commerce board voted to halt all operations and
liquidate all assets effective immediately. The company's Outrigger
service will end operations on August 3, 2001 after notice to all
customers. Vanguard Atlantic and McLean Watson participated in the B
round funding of V2Commerce in August, 2000. Vanguard's Lee Keet stated
"We regret having the first write-down in Vanguard's seventeen-year
history, especially since we thought V2C had such an interesting
future. In this difficult financing climate we became the rescuers of
last resort, but the price we believed to be equitable was rejected by
the common holders in what can only be described as a totally
self-destructive action, especially given the lack of any alternative
sources of funds and the certainty of an immediate cessation of
operations. On behalf of the other shareholders, partners, suppliers
and especially the hard-working employees of V2Commerce we deeply regret
their irrational action." |
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July
31, 2001 - Technology Help Becomes Cinemetrix; Expands
Dial-Up & Broadband-Compatible Web-Based Animated Presentations For
Business Impact. Completes Series B Funding From Vanguard
Atlantic. See Press Release |
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July 25, 2001 - Axolotl Corp., a leading provider of
high-speed communication
solutions and Web-based applications that connect physicians to
the entire healthcare continuum, today closed $17.7 million in Series D financing.
Led by Tudor Private Equity Fund, L.P., this financing also included
Vanguard Atlantic, Ltd., Richland Ventures, L.P., and Gilat Satellite
Networks Ltd. (Nasdaq:GILTF). As a result of strong interest from new
investors Axolotl is maintaining a 120-day window to consider additional
participation.
"The
company will continue to deploy Web-based applications that automate physician
practices, broadband communication solutions for high-speed Internet
connectivity, and will further grow the AccentHealth Waiting Room Network,"
said Jerry Morrison, President and CEO of Axolotl Corp. "The company
is on target to be EBITDA positive in this third quarter of 2001," continued
Morrison.
"Axolotl
Corp. is an exciting private investment for Tudor," said Rick Ganong,
Partner, Tudor Venture Group. "They have a sustainable technology advantage,
a strong customer base, a clear path to profitability and a seasoned
management team to execute on the company's business plan. We believe
they have a very strong position in a large, growing market."
"Axolotl
continues to be an important partner for Gilat Satellite Networks Ltd.,"
said Nick Supron, President and CEO, Spacenet Inc., Gilat's US subsidiary.
"This round of funding will serve to strengthen our existing relationship
and is expected to be used in part to increase the deployment of
our VSAT-based communication solutions in the healthcare industry."
About
Axolotl Corp.
Axolotl
uses advanced communications technology to connect physicians to the
entire healthcare continuum. The company provides physicians and their staffs
with integrated clinical and administrative applications and patient education
programs to streamline workflow, increase efficiency, and improve the
quality of care. Thousands of healthcare professionals nationwide use the
Elysium suite of Web-based applications to reduce costs and increase the
time they have available for treating patients. Axolotl also provides
high-speed,
always-on Internet access to physician practices everywhere in the
USA. Axolotl's AccentHealth Waiting Room Television Network, produced in
conjunction with CNN, delivers award-winning patient education material to
approximately 18 million visitors each month. For more information, visit
www.axolotl.com.
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| November
17, 2000 - Vanguard Atlantic Ltd. announced that it was
acquiring additional shares in Mercator Software (MCTR) in the public
markets. |
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August
3, 2000 - Vanguard Atlantic Ltd. and McLean Watson
Capital have provided V2Commerce
with a second round of financing totaling $3.9 million. V2Commerce's
Boad of Directors has been expanded to include Stanley Chan from McLean
Watson, Fred Applegate, and Hugh Teitjen. |
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July
25, 2000 [From VentureWire]
RESTON,
Va. -- Engenia
Software, which develops a customized, XML-based computer
"dashboard", said it raised $22.5 million in its third round of
venture funding. New investor Dominion Ventures led the round, which
included other new investors Cooley Godward, Intel Capital, SpaceVest,
Thomson Corp., Topaz Investors, and Winfield Capital. Previous investors
Aurora Funds, Novak Biddle Venture Partners, St. Paul Venture Capital, and
Vanguard Atlantic also funded the round, along with individual investors
Frank Bonsal, a founding partner of New Enterprise Associates, and Gideon
Gartner, Giga Information Group chairman. The company named Dominion
Ventures general partner Randy Werner and SpaceVest managing director Roger
Widing to its board of directors. The company will use the funding to
further develop its proprietary technology and for sales and marketing.
Engenia Software's product enables collaboration between multiple projects,
enabling Web data, documents, personnel, and resources to be integrated and
managed.
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| May
19, 2000 - Vanguard Atlantic Ltd. has provided an initial
seed round of funding to TechnologyHelp,
Inc. THI creates custom animation for E-commerce sites to dramatically
improve visitor conversion rates. THI's short, animated reports
instruct a user about a particular Web site feature or process, employing
the best of TV production skills and Web multimedia technologies to create a
true "Wow!" experience. These sites can capture new visitors
who might otherwise be intimidated navigating an unfamiliar site.
Improving site conversion rates is a powerful economic benefit, particularly
using THI's low-risk payment model: fees based on usage (i.e., number of
visitors using the animation), increases in conversion rates, and qualified
lead referrals. Ernest
E. Keet has joined the TechnologyHelp board of directors. |
| April
25, 2000 - Alara, Inc. has received $5 million in
financing from Vanguard Atlantic Ltd. The proceeds will be used to
commence marketing of Alara's revolutionary MetriScan� bone mineral
density product when its FDA clearance is received. MetriScan allows
primary care Physicians to offer bone density testing in their offices.
Alara
also designed and now manufactures the DenOptix� Dental Radiography
System, which is distributed by the GENDEX division of Dentsply
International.
MetriScan
performs digital radiographic absorptiometry (RA) to estimate relative
phalangeal bone density of the three middle fingers. A study that
followed 3481 women for up to sixteen years concluded that bone density of
the phalanges by RA predicts hip fractures due to osteoporosis. Based on
this study, Medicare and most private insurers cover the use of MetriScan
for the estimated 28 million Americans at risk for osteoporosis."
The
scan itself takes less than one second, and requires less than fifteen
seconds of patient and operator time. MetriScan will be placed in the
Physicians office on a shared-revenue model that will require no capital
investment from the medical practice. Ernest
E. Keet has joined the Alara board of directors.
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| April
25, 2000 - Soquel, Ca, May 1, 2000 -- jCan
Corporation has announced that it has received
$2.1 million in venture funding from Vanguard Atlantic Ltd. Can will
use the funds to complete development of Handheld Theater(TM), jCan's add-on
device for PalmOS(TM) devices. Handheld Theater will be the first
product in a family of personal devices for mobile professionals.
Handheld Theater will allow Palm(TM) and
HandSpring(TM) users to give
professional presentations, complete with sound, using files downloaded from
their desktop computer. jCan expects to secure a larger second round to fund
full production and roll-out of Handheld Theater later this year.
jCan
is a privately held company located in Santa Cruz county on the central
coast of California.
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