News and Announcements

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Raleigh’s KnowledgeTree doubles revenue, hires new CEO

Raleigh software developer KnowledgeTree says it has seen top-line revenue double from quarter to quarter this year and has grown to 21 employees and more than 400 customers. With that growth came the need for more specialized roles, so company founder Daniel Chalef shed his CEO title to oversee product development and brought on Chris Atkinson to fill the chief executive role.

PerfectServe Named One of the ‘20 Most Promising Healthcare Tech Solution Providers in 2014

CIO Review chose PerfectServe for its expertise in offering a comprehensive and secure, workflow responsive communications platform.

River Cities Announces 2014 SaaS Operating Metrics and Valuation Benchmarking Study

This study considers operating metrics from 66 public SaaS companies during their developmental period (pre-$50M in revenue). This report is meant to offer entrepreneurs insight into River Cities’ perspective and experience gained from more than 13 years of supporting SaaS entrepreneurs.

Trax Technologies Featured: 10 Companies That Are Just as Great as Google

RCCF Fund V company, Trax, featured on The Muse’s list of 10 companies just as great as Google.

Amniox® Medical Announces Study Confirming Superiority of Proprietary Cryopreservation Technology for Processing Umbilical Cord & Amniotic Membrane Tissue

Peer-reviewed study concludes cryopreservation preserves biological tissue properties while dehydration drastically alters the structural and biological integrity of tissue.

Health Integrated: A new approach to care management for patients with comorbidities

Sam D. Toney, M.D., Chief Medical Officer and EVP, Clinical Integrity for Health Integrated featured in Managed Healthcare Executive discussing care management for patients with comorbidities.

Kindred Acquires Centerre Healthcare

Kindred Healthcare announced that it has signed a definitive merger agreement to acquire Centerre Healthcare, a national company dedicated to operating Inpatient Rehabilitation Hospitals, for a purchase price of approximately $195 million in cash.

OrthAlign, Inc. Completes $15M Round of Financing

OrthAlign, Inc. announced today the completion of a $15.0 million preferred series capital raise led by current OrthAlign investors, River Cities Capital Funds and Mutual Capital Partners.

NICO, Synaptive Medical join forces to integrate innovative technologies for brain surgery

Indianapolis interventional medical device maker NICO Corporation and Toronto-based 3D visualization leader Synaptive Medical announced today at the Congress of Neurological Surgeons Annual Meeting that they have joined forces to integrate their innovative technologies for brain surgery.

Genstar Capital Combines iSqFt and BidClerk to Create a Leading Software and Data Provider for the Construction Industry

River Cities has announced the sale of Construction Software Technology (known as iSqFt) to Genstar Capital Management, a leading mid-market PE firm. The transaction merges Cincinnati-based iSqFt with Chicago-based BidClerk, iSqFt’s top competitor.

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