Case Study: SmartSignal
SmartSignal is a software company in Fund III that has leveraged condition monitoring technology developed at the Argonne National Laboratories to improve uptime and reliability of high value assets in aviation, process manufacturing and industrial equipment applications. The software can determine when potential catastrophic failures are developing by continuously analyzing thousands of parameters in real time and utilizing proprietary algorithms to pinpoint problems and identify early maintenance directives. Every Delta Airlines jet engine is currently monitored by the software along with power plant generators, oil and gas refineries and large mining equipment. SmartSignal has grown revenue at over a 65% compound annual growth rate since River Cities’ investment in 2001. Key sales to multi-million dollar customers such as Caterpillar, Delta Airlines and Entergy show that SmartSignal has a high value product that is meeting a need in the marketplace.