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This profile was last updated on 10/28/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Tom Shannon

Wrong Tom Shannon?

Board Member

Aver Informatics Inc
1385 W. Main Ave.
De Pere, Wisconsin 54115
United States

Company Description: Aver can help to eliminate barriers and increase access to complex data for all users of all skill types without having to understand logical relationships, order...   more

Employment History

Board Memberships and Affiliations


  • Finance degree
    University of Wisconsin
118 Total References
Web References
Proxim Diagnostics, 28 Oct 2014 [cached]
Thomas M. Shannon, Chairman of the Board
Thomas Shannon is currently board chairman of Proxim and managing director of Shamrock Partners. Mr. Shannon was most recently the CEO of Prodesse, a biotech company purchased for $72 million. Tom assumed the position of CEO and board member of Prodesse in May 2002 and exited the firm after its sale to Gen-Probe, Inc. in November 2009. Prior to that, he founded Shamrock Partners, which lead the investment in Prodesse among other private equity deals. In addition to Proxim, Tom serves on the boards of Shamrock Energy, Promentis Pharmaceuticals, Stemina Biomarker Discovery, Aver Informatics and BizStarts Milwaukee. He holds a Finance degree from the University of Wisconsin and earned Certified Financial Planner (CFP) and Chartered Financial Consultant (CHFC) credentials.
Crossing the Chasm [cached]
Gibson's participation in the business plan contest did, however, provide greater visibility for the efforts of then-called Oshkosh Nanotechnology, which eventually gained the attention of Tom Shannon and Shamrock Partners, an angel group that provided nearly $600,000 in seed funding in early 2011.
"There were very few people who would take the chance at funding him at such an early stage," Shannon said, noting Gibson was still early in the development process. "Most investors want revenue, and almost all want a product. We want to optimize a concept."
Shannon and his partners gambled on the potential of Gibson's innovative concept. Small ultra capacitors about the size and density of a wristwatch battery but with about a million times more energy storage capacity and significantly more powerful bursts of energy output would be a substantial benefit to industry. And while there are literally hundreds of battery manufacturers around the world, very few do so with activated nanoparticles, and none can do it as less expensive or quicker than the processes developed by Gibson, according to Shannon.
Since capturing new financial investment nearly two years ago, the start-up firm - which changed its name to Shamrock Energy Corp. and is setting up shop in Neenah next month - has demonstrated proof of concept, and is wrapping up an initiative with a large, publicly-traded industry to confirm its metrics. The company has already developed relationships with end-market users such as electronics manufacturers, and hopes to begin producing finished product by the end of this year, said Gibson.
Even though it's taken two years, Shannon said the end result has been the development of three different and distinct nanomaterial applications, each which would provide solutions for three different vertical markets, expanding potential for increased profitability and growth.
The company secured $1.3 million in angel funding a year ago from a group of 15 investors, which was lead by Shannon of Shamrock Partners, who also serves as the chairman of the board for Aver Informatics, a role he holds for Shamrock Energy Corp. as well as a handful of other firms.
After developing the software further and using it in a Beta phase with a large health insurer, the organization realized it didn't just have a software which was a critical solution for the health insurance industry - Aver Informatics had developed a tool which can deconstruct and then reconstruct loads of information very quickly, an application that has the potential to extend far beyond just health insurance.
"We have a lot more than what we expected a year ago as far as potential customers and end users for this (innovation)," Shannon said.
The result has been a re-evaluation of the company's potential providing data management solutions for other vertical markets such as other areas of insurance, banking and pharmaceuticals. Shannon said the company has applied for patents to protect its intellectual property relative to the software's capabilities. He expects another round of financing will be coming up shortly to infuse Aver Informatics with additional capital.
In the meantime, the company is about to get out of the starting blocks on its way to profitability. Shannon said agreements are already in place with a number of large, publicly traded companies, and the horizon of opportunity continues to expand.
"It's a big space we're in now and it's (growth is) accelerating," Shannon said.
BizStarts Milwaukee - Governing Council, 23 April 2011 [cached]
Tom Shannon Shamrock Partners
Tom Shannon, an experienced ..., 10 July 2013 [cached]
Tom Shannon, an experienced early-stage investor who was chief executive officer of Prodesse Inc. until its 2009 acquisition by global biotechnology leader Gen-Probe Inc. for $72 million, will lead the foundation on a volunteer basis. Mr. Shannon and seven co-founders have made pledges totaling nearly $6 million to establish the foundation.
"Our unique approach with BrightStar is focused on creating high-paying jobs," Mr. Shannon said. "We're doing it through a philanthropic model that promotes capital formation through capital donation, puts more contributed capital to work and reinvests almost all of the returns in companies statewide that are driving Wisconsin's economic recovery. BrightStar will go a long way to help fill the significant gap of more than $250 million in Wisconsin between the need for and the availability of early-stage capital that supports job creation."
Mr. Shannon is joined by the following seven business and investment leaders as a co-founder of the BrightStar Wisconsin Foundation.
Tom Shannon - Board Chairman ..., 27 Sept 2012 [cached]
Tom Shannon - Board Chairman and interim CEO
Thomas M. Shannon is currently board chairman as well as a lead investor in the 2010 start-up funding of Oshkosh Nanotechnology LLC (now Shamrock Energy Corporation); Proxim Diagnostics of Sunnyvale, California and Aver Informatics of Green Bay, Wisconsin. He was most recently biotech company Prodesse's Chief Executive Officer. r. Shannon assumed the position of CEO and board member of the start-up Prodesse in May of 2002 andexited the firm after its sale to Gen-Probe, Inc. in November of 2009 for a purchase price of $72 million. In 1996, he founded Shamrock Partners which lead the investment group in Prodesse's initial funding in 2002 as well as the purchase in 1997 of three regional transportation companies in Nebraska and Florida, selling his majority interest in those companies in 2001. Prior to that Mr. Shannon held a variety of senior level management positions in sales and general management as a registered principal for Equitable and its subsidiaries, including Alliance Capital and Donaldson, Lufkin and Jenrette. Other boards he serves on include Promentis Pharmaceuticals, Stemina Biomarker Discovery, OKANJO Partners, Inc. and BizStarts Milwaukee.
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