News and Announcements

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River Cities Leads $10 Million Financing Round for Trax Technologies

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.

Ifbyphone Spotlighted by Illinois Technology Association

Irv Shapiro, CEO and CTO, interviewed about the company’s success.

McGraw-Hill Professional and Simbionix Collaborate to Combine Surgical Education with Simulation

McGraw-Hill Professional and Simbionix announce a new collaboration involving McGraw-Hill Professional’s online surgical training resource AccessSurgery and the Simbionix MentorLearn system.

Simbionix Featured in Military Medical & Veterans Affairs Forum Magazine

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.

Top U.S. Hospitals Choose NICO Brain Tumor Removal Tools for Patient Care in Neurosurgery

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.

Univa, Archimedes Enable Data Modeling of Disease Cycles

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 (now ERT) Named Pittsburgh Technology Council’s Life Sciences Company of the Year

invivodata recognized by the Pittsburgh Technology Council’s 2012 Tech 50 Awards as the Life Sciences Company of the Year.

NICO Corporation Hits $20 million in Capital Raised to Push Final Frontier in Neurosurgery

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 Bags $6 Mil

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.

Tornier to Acquire OrthoHelix Surgical Designs

Acquisition is expected to more than double Tornier’s lower extremity revenue. The transaction will bring innovative technologies, high growth, and strong margins.

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