Connie Loizos
Alcresta, a Newton, Mass.-based company that is developing enzyme-based nutritional products, has raised $10 million in Series A financing led by Bessemer Venture Partners, Frazier Healthcare and Third Rock Ventures. PRESS RELEASE: Alcresta, a company developing innovative enzyme-based nutritional products for infants, adults and patients battling acute or chronic conditions, today announced a $10 million Series […]
On the heels of the merger of two Virginia-based companies — XL Inc, a global acquisition, grants, and professional services company, with Alon, which assists federal customers with program management and other financial management services — the combined company, XL, has appointed a new president and COO: William Weber, who joins from Kaseman, a government-services […]
Sentinel Capital Partners, a New York-based private equity firm focused on middle market companies, has acquired a Chicago-based caster manufacturer called the Colson Group from the Pritzker family. Terms of the deal were not disclosed, but Colson — which operates 35 manufacturing and distribution facilities in 15 countries, where it produces wheels for heavy objects […]
Earlier this afternoon, I caught up with Alisdair Faulkner, ThreatMetrix’s chief products officer, to find out why New York is particularly attractive to hackers, and where else in the country fraud is becoming rife.
Lumeris, a wholly-owned subsidiary of Essence Group Holdings, a portfolio company of Boston-based Camden Partners, has teamed up with three Blue Cross and Blue Shield health plans (Highmark, Horizon and Independence) to acquire NaviNet, a venture-backed real-time communication network for physicians, hospitals, and health insurers. Terms of the deal are not being disclosed. PRESS RELEASE: […]
Aero Medical International, a Ft. Lauderdale, Fla.-based portfolio company of The Beekman Group, has named Michael Labinski as chief financial officer. Labinski last served as CFO of Mathsoft Engineering & Education, a privately held e-commerce company. Aero Medical International is a fixed-wing air ambulance services provider. PRESS RELEASE: Aero Medical International (“Aero Medical” or the “Company”), […]
LearnZillion, a Washington D.C.-based online startup whose platform gives students and teachers access to lessons taught by instructors around the country, has raised a $2.4 million Series A round from a syndicate of 17 investors. One of those investors is the Social Venture Fund, a student-led fund at the University of Michigan’s Stephen M. Ross […]
iQor, a New York-based business processing outsourcing company, has appointed Norm Merritt, who joined iQor in 2003, as president and CEO. Before joining iQor, Merritt was president of the consumer direct division of MortgageIT, a mortgage bank, and president and founder of Skillsgames, an entertainment company funded by Walt Disney Company, where Merritt spend eight […]
Argonne Capital Group, a nine-year-old, Atlanta, Ga.-based private equity firm, has made two news hires: Layton Grisette as principal, and Bill Weimar as vice president. Grisette joins the firm from the Atlanta-based private equity firm Arcapita, and previously worked for both the Home Depot and Deloitte. Weimar also joined from Arcapita. Before Arcapita, Weimar worked in […]
Marietta, Ga.-based BlueStream Professional Services, an affiliate of the century-old supply-chain company KGP Logistics, is acquiring the professional services business of TE Connectivity, an electronic component maker. BlueStream will continue to operate independently from KGP Logistics. The transaction is expected to close in April 2012. Terms of the transaction were not released by KGP, but […]