Technology Times June 2010
Vol. III, No. 1   March 2012

News and Features

19th Annual Enterprise Awards finalists named

Top technology, life sciences, medtech, and cleantech companies and entrepreneurs to vie for top honors at ‘Academy Awards of Business’ gala

EA09

Celebrating the success of the 2011 Enterprise Awards event. PACT CEO Dean Miller is hoisted by PACT colleagues Kim Tuski, Emily Herman, Jennifer Cohen, Cheryl Jarvis-Johnson and Dianne Strunk.

An esteemed panel of judges has selected finalists in 10 competitive categories and three medtech honoree categories for the 19th Annual Enterprise Awards from hundreds of nominations. Winners will be announced at the springtime Enterprise Awards gala on Thursday, May 3, at The Hilton Philadelphia City Avenue Hotel. The black-tie event has been called the “Academy Awards of Business.” Click here for ticket and table reservations.

The finalists are:

Life Sciences Startup Company

Criteria: Company must have operating results of three years or less.

Key Considerations: Product innovation, including market need/assessment and potential for significant growth; management team ability and record of achieving success; demonstration of success (e.g., significant milestones, raising capital, revenue, etc.); R&D investment strategy.

Finalists:

Holganix
Glen Mills, Pa.
Holganix produces a safe, effective and all-natural bio-nutritional product. Its revolutionary formula reduces the need for chemical fertilizers while keeping lawns lush and green all season long. In addition, Holganix fosters an environment that makes plants less prone to damage from insects, weeds and disease.

Optofluidics
Philadelphia
Optofluidics develops microfluidic and biophotonic technologies for single molecule analytics and point-of-care medical diagnostics. The initial products include the Molecular NanoTweezer, which is a protein discovery tool that can handle the smallest forms of matter, and the Molecular Medic, which detects changes in blood-borne biomarkers to diagnose late-phase hemorrhagic shock and traumatic brain injury.

UE LifeSciences
RPhiladelphia
UE LifeSciences develops technologies that augment the effectiveness of existing breast cancer screening tools and methods. The company’s NoTouch BreastScan is an entirely touch-less and radiation-free adjunctive breast exam designed to identify physiologic signs of developing breast cancer. This scan is designed to enable breast cancer screening and cancer detection in populations where mammography is not widely available or successful, including for women in developing countries and those under the age of 40.


Technology Startup Company

Sponsor: Fox Rothschild

Criteria: Company must have operating results of three years or less.

Key Considerations: Product or service innovation, including market need/assessment and potential for significant growth; management team ability and record of achieving success; demonstration of success (e.g., significant milestones, raising capital, revenue, etc.).

Finalists

Greenphire
King of Prussia, Pa.
Greenphire is an industry-leading provider of clinical payment and communication technology solutions. The company has developed technologies that improve global operational efficiency, reduce costs, mitigate regulatory risks, increase subject retention, promote protocol compliance and produce quantifiable results.

ProtonMedia
Lansdale, Pa.
ProtonMedia is the developer of ProtoSphere, a business collaboration software platform that allows organizations to create an always-on virtual workspace. These virtual workspaces bring the right people and data together, at any moment, to increase the speed and effectiveness of knowledge transfer, learning, collaboration and retention of business-critical information.

ThingWorx
Exton, Pa.
ThingWorx provides an application platform for the connected world, combining the key functionality of Web 2.0, real-time data, mashups, search, social media and the semantic Web, and applies it to any process that involves people, systems, devices and other real world “things.” ThingWorx is providing the disruptive change required to catalyze innovation and enable connected-world applications.


Emerging Life Sciences Company

Sponsor: SorinRoyerCooper

Criteria: Company must have at least four years of operating results.

Key Considerations: Product, proprietary applications or other advantages; company milestones, including strategic decisions by management that led to growth in revenues and/or earnings, corporate collaborations or license deals; strength of management team, including ability to raise capital; and profitability or demonstrated ability to achieve profitability (e.g., strategy to achieve break even, ability to realize high gross margins).

Finalists

Ceptaris Therapeutics
Malvern, Pa.
Ceptaris Therapeutics is a privately held specialty pharmaceutical company that is developing a proprietary gel formulation of mechlorethamine hydrochloride for the treatment of early-stage (stages I-IIA) mycosis fungoides, a type of Cutaneous T-Cell Lymphoma (CTCL). If approved, Ceptaris’ investigational drug would be the first topical mechlorethamine gel widely available to relieve the signs and symptoms of this rare cancer.

Invisible Sentinel
Philadelphia
Invisible Sentinel is a leading-edge rapid diagnostics company dedicated to innovating next-generation technologies to address the world’s food safety challenges. The company focuses on the prevention of food-borne illnesses by developing technologies that quickly provide highly accurate information on the presence of harmful pathogens, reducing time-consuming sample preparation.

Octagon Research Solutions
Wayne, Pa.
Octagon Research Solutions is an industry leader in transforming clinical R&D through an integrated suite of regulatory, clinical, process and technology solutions. With a foundation in data standards and advanced technology, Octagon’s solutions provide all of the resources required to optimize drug development from data collection to data submissions. Octagon serves more than 400 clients on three continents.


Emerging Technology Company

Sponsor: ICG

Criteria: Company must have at least four years of operating results.

Key Considerations: Product or service innovation, including proprietary applications or other advantages; company milestones, including strategic decisions by management that led to growth in revenues and/or earnings; strength of management team, including ability to raise capital; and profitability or demonstrated ability to achieve profitability (e.g., strategy to achieve break even, ability to realize high gross margins).

Finalists

CenTrak
Newtown, Pa.
CenTrak is a leading provider of precise, adaptable and cost-effective location solutions for healthcare facilities. The patented technology uniquely combines Gen2IR and active RFID technologies to deliver certainty-based location data, a requirement for workflow and other key healthcare management applications. The CenTrak RTLS is in use in more than 15 million square feet of world-class healthcare facilities spanning three continents.

InstaMed
Philadelphia
InstaMed is a leading healthcare payments network, connecting providers, payers and patients with healthcare clearinghouse, eligibility, estimation, patient payment and patient billing transactions on one integrated platform. The InstaMed Network powers healthcare payments for more than 200,000 providers nationally with tens of billions of dollars in healthcare payments processed.

NextDocs
King of Prussia, Pa.
NextDocs is a global leader in providing Microsoft SharePoint-based Compliance Software Solutions, including quality management system, regulatory submissions, document management and clinical portals. It enables businesses in regulated industries to achieve compliance with the FDA and other agencies while automating processes, improving efficiency and dramatically reducing costs. NextDocs customers include pharmaceutical, biotech, and medical device companies and CROs.


cleantech Company of the Year

Criteria: Company must have a technology, service and/or product aimed at reducing greenhouse gas emissions and other pollutants, and promoting natural resources conservation and energy efficiency.

Key Considerations: Company’s concept, innovative features of new products or services, and positive impact on environment/sustainability.

Finalists

FieldView Solutions
Edison, N.J.
FieldView Solutions provides managers of today’s complex, mission-critical data centers with browser-based, scalable software tools that deliver a real-time view into all aspects of data center infrastructure management. The company’s flagship product, FieldView, has helped data center operations professionals in many of the largest data centers in the U.S., Europe and Asia since 2003.

Momentum Dynamics
Malvern, Pa.
Momentum Dynamics is a start-up clean technology company that developed a proprietary technology system that will permit electrically powered vehicles to be recharged without the use of a wire. This wireless technology is revolutionary because it can be operated automatically, allowing both passenger-class and commercial fleet vehicles to be charged safely and effortlessly in all weather and without direct supervision.

OxiCool
Philadelphia
OxiCool develops air conditioning technologies that can be applied to an array of applications in both the commercial and military space. OxiCool, in a joint R&D agreement with the U.S. Navy and under a joint development agreement with a large U.S. corporation, is developing environmentally friendly air conditioning technologies.


medtech Awards Honorees

Sponsor: Fish and Richardson

Pioneering Company

Criteria: Company must have at least five years of operating results in medical device field.

Key Considerations: Product, including proprietary applications or other advantage; company milestones, including strategic decisions made by management that led to growth in revenues and/or earnings, corporate collaborations or license deals; strength of management team, including ability to raise capital and profitability, or demonstrated ability to achieve profitability (e.g., strategy to achieve break even, ability to realize high gross margins). Blazing a path for medical device companies in the region.

Honoree

Fujirebio Diagnostics
Malvern, Pa.
Fujirebio Diagnostics is a premier diagnostics company and an industry leader in cancer biomarkers for ovarian, breast and gastrointestinal cancer. The newest product, the Risk of Ovarian Malignancy Algorithm (ROMA), is a risk stratification tool that combines clinical laboratory results biomarkers to compute a risk of malignancy. ROMA offers gynecologists a simple tool to better refer women presenting with a pelvic mass who are at high risk of having ovarian cancer to a skilled oncologist surgeon resulting in improved patient outcomes.

Product Innovation

Criteria: Product on the market less than 12 months.

Key Considerations: Innovative features of new product helping patients in need. Acceptance by the medical community and how the product has changed the market. Added consideration for those devices/instruments that have used new technologies or materials.

Honoree

InfraScan
Philadelphia
InfraScan is a medical device company that focuses on handheld screening imaging devises based on its proprietary patent portfolio. The Infrascanner provides an affordable, highly accurate and clinically effective system to screen for brain hematomas in patients with head trauma. It is ideal for settings where effective monitoring and triaging is necessary, including the battlefield and in places where access to CT scans is restricted.

Leadership

Criteria: Individual’s background and his/her company’s success to date.

Key Considerations: Individual’s management accomplishments and philosophy, including the communication of a vision and goals as achieved by the company; leadership and impact in industry and/or market; ability to attract and retain talented resources; company milestones, including financial accomplishments; strategy for continued company success; and community/industry involvement. Extra consideration for leaders who have contributed more broadly to the strengthening and promotion of the medical device industry in the region.

Honoree

MedRisk
King of Prussia, Pa.
MedRisk is a leading managed care company specializing in the physical rehabilitation of injured workers. MedRisk delivers strategic medical cost-containment tools to the workers’ compensation industry by leveraging its technological expertise and evidence-based research. MedRisk’s programs provide savings and operational efficiencies that are significantly greater than traditional programs.


IT Innovator Award of Excellence

Sponsor: LiquidHub

Criteria: Identify a technology leader responsible for the business or enterprise stakeholders who have benefited from applied new or existing technology in a unique or innovative way to solve a business problem or advance business goals.

Key Considerations: Company must demonstrate success in applying and/or integrating new or next-generation technology (e.g. mobile, business intelligence, process automation) in a unique or innovative application. This can include an invention or early adoption of next-generation technology either for internal utilization or commercial application. The nomination should outline key components and the most important contributions the information technology has made to the organization, its industry or the community it serves.

Finalists

Einstein Healthcare Network
Philadelphia
Einstein Healthcare Network has six major facilities and numerous outpatient centers in Greater Philadelphia. Einstein implemented a new state-of-the-art electronic medical record throughout its acute clinical areas, patient access areas and ancillary departments. This system offers physicians, nurses, caregivers and administrative staff ready access to the most up-to-date patient information and meets the demands of the evolving healthcare environment.

Evolve IP
Wayne, Pa.
Evolve IP is a leading cloud-based technology provider that offers businesses a better way to buy and manage their applications, infrastructure and security solutions. In 2009, Evolve IP unveiled OSSmosis, an intuitive and user-friendly online customer portal that empowers customers to monitor and take charge of their accounts and vital commutations technologies.

TotalFacility
Malvern, Pa.
TotalFacility provides a leading technology platform for consolidating and managing facility services for multi-location organizations throughout North America. TotalFacility’s technology platform and unique process reduce clients’ facilities management costs by aggregating the demand side (customers) and consolidating the supply side (contractors and MRO suppliers).


Deal of the Year

Sponsor: Buchanan Ingersoll

Criteria: Finalists for this award experienced a successful exit transaction, capital-raising transaction, merger and acquisition transaction (buy-side or sell-side), new business development agreement, or new strategic alliance agreement.

Key Considerations: The history and background to the deal, the financial breakdown and deal mechanics, and the reason for submitting the nomination. Selection is based on the value to shareholders and/or commercial strategy, innovation and contribution to market development.

Finalists

PhotoMedex
Montgomeryville, Pa.
PhotoMedex is a Global Skin Health Solutions company that provides integrated disease management and aesthetic solutions through complementary laser and light-based devices and skincare products. In 2011, the company completed a merger with Radiancy, a rapidly growling global direct-to-consumer and dermatological products company, which rewarded shareholders with more than $90 million in incremental value.

Portico Systems (now McKesson Health Solutions)
Blue Bell, Pa.
Portico Systems, a leader in integrated provider management solutions, was acquired by McKesson Health Solutions. McKesson helps to fully automate and optimize new reimbursement and network management strategies for health reform. The acquisition allows McKesson to utilize Portico’s ability to help payers efficiently and effectively design, build, service and provide value-based reimbursement to their complex provider networks.

Safeguard
Wayne, Pa.
Safeguard is a holding company that builds value in growth-stage life sciences and technology companies by providing growth capital, operational support and managerial expertise. In 2007, Safeguard led a financing round for partner company Advanced BioHealing, which specializes in transforming the way diabetic foot ulcers are treated. In mid-2011, Shire acquired ABH for $750 million. Safeguard’s aggregate cash proceeds from the sale was $145.8 million, representing a14x cash-on-cash return.


Technology CEO of the Year

Sponsor: Cozen O’Connor

Criteria: Individual’s background and his/her company’s success to date.

Key Considerations: CEO’s management accomplishments and philosophy, including the communication of a vision and goals as achieved by the company; leadership and impact in industry and/or market; ability to attract and retain talented resources; company milestones, including financial accomplishments; a strategy for continued company success; and community/industry involvement.

Finalists

Saki Dodelson, Co-Founder and CEO
Achieve3000
Lakewood, N.J.
Saki Dodelson has more than 20 years of experience in business, finance, computer science and marketing, working with AT&T and Youthline USA, and most recently, having co-founded Achieve3000. Achieve3000 is a leader in online differentiated instruction, serving schools across the country. The company’s Web-based literacy solutions are proven to increase reading comprehension and fluency, vocabulary and writing proficiency for students in grades 2 through 12 and for adult learners.

Michael Phelan, President and CEO
SevOne
Willington, Del.
SevOne delivers a fast, scalable and comprehensive real-time network-monitoring, troubleshooting and performance-reporting solution. Leading the founding team, Michael Phelan has played a critical role in shaping SevOne’s go-to-market strategy and vision. He secured funding and built an experienced, world-class team that has enabled SevOne to become one of the fastest growing disruptive technology companies in the infrastructure management market.

Tim Wallace
iPipeline
Exton, Pa.
iPipeline is an industry leader, providing the next-generation suite of software to the insurance and financial services markets through on-demand service, including solutions that automate quoting, forms processing, illustrations development, requirements ordering, contracting and content distribution. In less than three years, Tim Wallace has rapidly scaled the company through organic growth and directed two successful acquisitions that have expanded its offerings and key strategic alliances with world-class technology leaders.


Life Sciences Company of the Year

Sponsor: PECO, an Exelon Company

Criteria: Company with at least three years of operating results in industry segments such as pharmaceuticals, biotechnology, and medical devices/instrumentation/diagnostics.

Key Considerations: Proprietary product or research and development of a product and its potential impact on the market; ability to raise capital and generate revenue; commercialization and strategy to enter into substantive strategic alliances; development strategy and clinical pathway to development.

Finalists

Agile Therapeutics
Princeton, N.J.
Agile Therapeutics is a pharmaceutical development company specializing in women’s healthcare products, with an initial focus on providing women with more options and more convenient methods of hormonal contraception. The company’s lead candidate is a once-weekly contraceptive patch currently in Phase 3 clinical trials. In addition, Agile is also developing a low-dose, progestin-only contraceptive patch. Both products incorporate proprietary transdermal delivery technology.

CSL Behring
King of Prussia, Pa.
CSL Behring is a leader in the plasma protein therapeutics industry. CSL Behring therapies are indicated for the treatment of coagulation disorders, including hemophilia and von Willebrand disease, primary immune deficiencies, hereditary angioedema and inherited respiratory disease. The company’s products are also used in cardiac surgery, organ transplantation and burn treatment, and to prevent hemolytic diseases in newborns.

Pentec Health
Boothwyn, Pa.
Pentec Health is a leading privately held specialty pharmacy focused on providing innovative and proprietary nutritional therapies for patients suffering from chronic renal failure and highly complex therapies for chronic pain management and spasticity. Pentec offers renal nutritional products and services to dialysis centers for their malnourished dialysis patients and specialty in-house infusion services for highly complex conditions that are underserved by traditional home care providers.


Technology Company of the Year

Sponsor: Safeguard Scientifics

Criteria: Company with more than $50 million in revenues in the most recently completed fiscal year.

Key Considerations: Leadership and product/service innovation in an industry/market; financial accomplishments; and community/industry involvement.

Finalists

LiquidHub
Wayne, Pa.
LiquidHub is a global management and technology consultancy focused on fueling business transformation for clients in the healthcare, life sciences, financial services, insurance, commercial and public sector. With 1,000 associates, LiquidHub is recognized as one of the fastest growing IT and management consultancies in the U.S.

The Neat Company
Philadelphia
The Neat Company develops user-friendly scanning software and hardware solutions for consumers and small businesses to transform analog data into digital information. Formerly NeatReceipts, Neat offers a full range of products and complete systems for managing paper clutter, enabling users to easily organize, store, find, secure and use the information trapped on paper.

Quintiq
Radnor, Pa.
Quintiq provides advanced employee and resource scheduling along with supply-chain optimization software solutions. This fast-growing company offers and implements software for planning and optimizing complex business processes throughout the enterprise. Quintiq systems are implemented in 76 countries worldwide.


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