Description
At vSpring CapitalÔ, we are proud of our portfolio companies and the entrepreneurs who founded them. Our portfolio companies have experienced teams, sound value propositions, and unfair advantages that will allow them to win. Consistent with our commitment to building and taking advantage of the resources and opportunities in the Intermountain West region, the majority of our investments are in Utah, along with promising opportunities on the West Coast.
We believe in the potential of four industries: Software, Communications, Internet, and Life Sciences. Our investments reflect this conviction. Additionally, our geographic and market-based investment focus allows us to leverage our extensive operational experience across the portfolio. The end result: Favorable returns to our investors and industry leadership in our region.
3Point5 (www.3point5.com) would like to improve the conversation between a retailer and a consumer at the point of sale. Currently the company is the leader in online sales force education for the outdoor sports market. The have patented a unique training methodology using incentives and innovative online "edu-games" that communicates new product information from manufacturers to retailers. The company helps its clients increase sales, build customer loyalty, and deal with challenges like high turnover by better training their sales force. For the first time, a consistent message is being delivered on behalf of the manufacturers, and each sales person's progress is tracked in real time within the system. Unlike traditional training systems, 3point5 scales with the organization and provides data…resulting data is made available to managers online. Use of the service requires no additional IT time and almost no user training.
Aeroprise (www.aeroprise.com) is a leader in the mobile enterprise space with a focus on Mobile Service Management. Many of the most-respected IT organizations in the world including Safeway, the US Air Force, Ticketmaster, Lockheed Martin, and Harvard University have selected Aeroprise to improve productivity, reduce customer support costs, and leverage existing investments in IT infrastructure at the point of service delivery when front-line employees are untethered from PCs. The company is growing quickly as a result of partnerships with BlackBerry and wireless carriers like Cingular and Sprint Nextel. Aeroprise products have received numerous awards including first prize from among 25 leading mobile and wireless vendors at Mobile Showcase 2005. Aeroprise's core technology was developed by pioneers in the mobile enterprise space from Stanford and MIT.
Alianza (www.alianza.com) provides the first hosted, fully-integrated IP-based platform for delivering Unified Communications Applications via SaaS for Broadband Service Providers. Value-added applications include VoIP, hosted PBX, IVR, integrated messaging, conferencing, and much more. Alianza's proprietary PowerPlatform enables Broadband Service Providers to launch private-labeled solutions in less than 30 days, with no capital expenditures. Alianza's technology includes a robust combination of all key components required to offer advanced Unified Communications services to residential and SMB end-users including Soft Switch, Session Border Controller, Carrier Interface, Virtual PBX, Billing System and Hardware Provisioning Interface. In addition, the PowerPlatform includes two valuable web-based management portals; one for the Service Provider to manage their offering and one for the End-User to manage their account. In addition, Alianza's technology is completely customizable to meet even the most unique requirements.
Alpha Bay Corporation (www.alphabay.com) was founded in 2004 by a serial entrepreneur along with retail and enterprise software veterans. The company has offices and development centers in Salt Lake City, Utah and Denver, Colorado. The Adaptive Integrated Retail System-AIRS-incorporates all the key modules and applications (POS, Merchandising, Inventory Management, Business Intelligence, Warehouse Management…) needed to allow enterprise retailers to plan, manage and sell merchandise with the same IT-leveraged competitive advantages Wal-Mart used to become the world's largest retailer. AIRS is a completely SOA customizable solution that adapts to the business processes of each specific retailer. AIRS has a fifth-generation architecture offering performance, scalability, manageability, accessibility and high availability to any retailer. AlphaBay's knowledge, talent, and state-of-the-art technology components provide a comprehensive, integrated, real-time solution for tier 1 and tier 2 retailers.
Altea Therapeutics (www.alteatherapeutics.com) develops pharmaceutical products using a non-invasive skin patch to deliver therapeutic proteins, conventional drugs and vaccines through the skin. The Company's patented PassPortÔ patch uses short bursts of focused thermal energy to create hundreds of tiny channels in the surface of the skin. These channels permit the rapid and sustained flow of proteins, peptides, carbohydrates, and small molecules into the body without the use of needles. Phase 1 clinical trials of both insulin and hydromorphone patch products are well underway. Additional pilot human studies have demonstrated the delivery of several protein drugs and vaccines via the skin including interferon-alpha, hepatitis B antigen, and parathyroid hormone. The Company's intellectual property includes 36 issued patents (16 U.S.), with numerous additional applications pending. Co-investors in Altea Therapeutics include Domain Associates, Venrock Associates.
In May 2002, Altiris ( NASDAQ : ATRS) completed a successful initial public offering, underwritten by Credit Suisse First Boston, Deutsche Banc Alex. Brown and UBS Warburg.
Aspen Avionics is in the business of designing, developing and distributing technically innovative low cost avionics to meet the economic and operational needs of the piston-engine aircraft market. The company, headquartered in Albuquerque NM, was founded in 2004 by a team of highly experienced avionics professionals and general aviation enthusiasts. The company can be found on the web at www.aspenavionics.com, or may be reached at (505) 856-5034.
Avinti Inc. (www.avinti.com) enables businesses to safely use e-mail as a critical communications tool without fear of emerging crimeware, keyloggers and Trojans for which no signature pattern exists. Avinti's iSolation Server® stops new e-mail crimeware, keyloggers and other attacks at the first-instance of any threat without waiting hours or days for suitable pattern updates. By testing and observing the actual behavior of attachments in a secure and isolated virtual machine environment, iSolation Server prevents first-instance threats when no known pattern exists, and prevents them before they compromise sensitive data. iSolation Server's virtual e-mail testing delivers security beyond "day-zero" solutions, which typically detect only spam malware and are prone to false positives. iSolation Server also delivers instant ROI with reporting metrics on the number and names of unknown threats blocked before pattern file availability. Avinti's customers include government, healthcare, technology, educational and financial institutions, among others.
Founded in 2002 by a group of internationally recognized spine surgeons and geneticists, Axial Biotech, Inc. is focused on the use of genetics and the development of minimally invasive fusionless devices to advance the diagnosis and treatment of diseases and deformities of the human spine. Axial is the first company to pursue DNA-based pre-symptomatic and prognostic tests for common spinal conditions which will augment current clinical and surgical practices. In its initial genetic product development initiative, Axial has made significant progress towards the discovery of a location in the human genome that is associated with adolescent idiopathic scoliosis. In addition, Axial's founders have developed five motion preserving, fusionless surgical devices (including the only such device currently being implanted in humans) that have the promise of expanding the current treatable scoliosis patient population by a factor of ten. Axial intends to use its proprietary genetic intellectual property in the development of bio-mechanical devices, and to apply its gene discovery/product development methodology to other spinal diseases. Axial (www.axialbiotech.com) is located in Salt Lake City, Utah.
BioMicro Systems (www.biomicro.com) was founded in 2000 to develop and improve microfluidic microarray sample processing. Microarrays are tools used by major pharmaceutical companies and research laboratories to sift through and analyze information contained within a genome. A microarray consists of different nucleic acid probes that are chemically attached to a substrate, which can be a microchip, a glass slide or microsphere-sized beads. In 2003 BioMicro Systems launched the MAUI Hybridization System, a cutting-edge microarray instrument, designed to target the processing bottleneck encountered during the critical hybridization step in gene expression studies. To date, BioMicro Systems has sold over 100 MAUI Systems worldwide.
Founded in 2002, Cemaphore Systems (www.cemaphore.com) with offices in Provo, UT and Palo Alto, CA develops software that ensures availability, integrity and reliability of electronic messaging services. Over the past several years, the use of electronic messaging has gone through explosive growth and is now considered mission critical for corporate communications. Since many of these messaging systems are not based on "high availability" architectures, it is difficult for IT organizations to meet service level agreements (SLAs) with their end-user customers. In addition, corporate e-mail is now considered a business record and is subject to compliance regulations. Cemaphore was founded to address these issues. Cemaphore has defined the specifications and is developing the prototypes for its two main products, MailShadow, which replicates mailbox data, and NocMon, a management console that extends en