Trax Technologies, a global provider of technology-driven solutions that enable shippers and logistics-service providers to efficiently and effectively manage their logistics spend and receivables, raised $10 million in a Series B round of financing led by River Cities Capital Funds.
Irv Shapiro, CEO and CTO, interviewed about the company’s success.
McGraw-Hill Professional and Simbionix announce a new collaboration involving McGraw-Hill Professional’s online surgical training resource AccessSurgery and the Simbionix MentorLearn system.
The article titled “Medical Simulation Training: How Recent Advancements Have Saved Thousands of Lives” features Simbionix in the December 2012 issue of Military Medical & Veterans Affairs Forum magazine.
Approximately 60 percent of children’s hospitals that ranked among the top 20 pediatric hospitals for neurology and neurosurgery in this year’s U.S. News & World Report now use the NICO Myriad brain tumor removal system to address patient outcomes.
Through Univa’s Grid Engine unique and scalable solution, Archimedes was able to operate its Hadoop application on its current compute infrastructure, without the need to add additional resources or hardware, reducing operational costs by 50%.
invivodata recognized by the Pittsburgh Technology Council’s 2012 Tech 50 Awards as the Life Sciences Company of the Year.
Indianapolis-based medical device maker NICO Corporation has reached the $20 million mark in funds raised since 2008, recently adding $6.5 million from existing shareholders and Board members.
ABT Molecular Imaging, a medical imaging company, has raised $6 million from River Cities Capital (which led the round), Mountain Group Capital, and Intersouth Partners. Rik Vandevenne of River Cities will join the company’s board.
Acquisition is expected to more than double Tornier’s lower extremity revenue. The transaction will bring innovative technologies, high growth, and strong margins.