News and Announcements

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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.

ERT Acquires invivodata

ERT acquires invivodata to establish the industry’s most experienced provider of clinical outcome assessment solutions.

KnowledgeTree Takes a Few Mill to Bring Businesses Better Document Tools

KnowledgeTree, a company that does business-specific cloud-based document management, has just taken a $4.75 million round of funding from a collection of East Coast and international VCs.

River Cities Capital Funds Sells Galaxy Associates to DuBois Chemicals

River Cities Capital Funds sells Galaxy Associates, Inc. to DuBois Chemicals, Inc., a portfolio company of The Riverside Company.

Venture Capital Giants Make Inroads in Nashville

Norwest Venture Partners and Sandbox Industries are sponsors of Nashville Capital Network.

Univa Customer Growth Accelerates By 600%

Record sales powers company into 2012.

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