Safeguard Scientifics Announces First Quarter 2015 Financial Results
"Safeguard is on track to achieve the company's 2015 goals and objectives--to increase the total number of our partner companies to approximately 30; to deploy
"At
RECENT EXIT TRANSACTION
Subsequent to the first quarter of 2015, Safeguard's partner company, DriveFactor, was acquired by an undisclosed strategic buyer. Safeguard expects to receive cash proceeds of approximately
AGGREGATE PARTNER COMPANY REVENUE
For 2015, aggregate partner company revenue is projected to be between
PARTNER COMPANY HIGHLIGHTS
The following partner company highlights represent information as of
Partner Company Revenue Stages
Development Stage
• Pre-revenue
• Proving out technology
• Developing prototype
• Beta stage customers Initial Revenue Stage
• Up to
• Initial customers
• Early market penetration
• Management team forming
• Infrastructure being built Expansion Stage
•
• Commercial grade solution
• Growing market penetration
• Management team built out
• Infrastructure in place High Traction Stage
• $20M+ in revenue
• Significant commercial traction
HEALTHCARE
Market Opportunity -- The market for AdvantEdge's services is estimated to be more than
Operating Highlights -- AdvantEdge continues to pursue scale through organic growth and strategic acquisitions, completing eight M&A transactions since 2009. The company's revenue in 2014 was in excess of
Aventura is a leading provider of awareness computing for the healthcare industry. Through its patented technology, Aventura delivers awareness of a user's identity and role, the location within a facility, the device being used, and the patient being treating. Based on this awareness, Aventura immediately delivers a virtual desktop and dynamically provisions the applications and exact screens a user needs to care for that particular patient, eliminating wasteful clicks and keystrokes. As a result, Aventura helps customers achieve their important initiatives in the areas of electronic medical record ("EMR") adoption and meaningful use requirements, protected health insurance security, mobility and cost containment. Safeguard deployed
Market Opportunity -- Hospitals have invested heavily in EMR, driven largely by
Operating Highlights -- During the first quarter of 2015, Aventura raised a
Safeguard has deployed
Market Opportunity -- According to the
Operating Highlights --
InfoBionic is an emerging digital health company focused on creating superior patient monitoring solutions for chronic disease management with an initial market focus on cardiac arrhythmias. InfoBionic's MoMe® Kardia system empowers physicians with control to transform the efficiency with which they manage cardiac arrhythmia detection and monitoring processes for their patients. Leveraging a comprehensive, cloud-based remote patient monitoring platform--the first and only of its kind--InfoBionic delivers on-demand, actionable monitoring data and analytics directly to the physicians themselves. The MoMe Kardia 3-in-1 device streams continuous electrocardiogram ("ECG"), respiration and motion data to the cloud for analysis and delivers automated reporting to any mobile device, tablet or web-based portal where physicians can access and interact with the data they need, in the detail they want--anytime, anywhere. Safeguard has deployed
Market Opportunity -- The global addressable market for monitoring cardiac arrhythmia and related events is estimated to be approximately
Operating Highlights -- InfoBionic continues to optimize the product offering prior to commercial release.
Medivo is a health data analytics company that unlocks the power of lab data to improve health. Medivo is the largest source of lab data in the U.S., with access to more than 100 million patients through its nationwide network of partner labs. Medivo enables healthcare companies to build clinical intelligence to enhance the potential for matching the right patient with the right treatment at the right time to improve clinical outcomes. Medivo's CLEAR Data Solutions for Pharma enable life science companies to build clinical intelligence to optimize their sales and marketing initiatives. Medivo's CLEAR Data Solutions for Labs enable laboratories to identify underutilization and add-on testing opportunities. Safeguard has deployed
Market Opportunity -- The healthcare industry spends more than
Operating Highlights -- During the first quarter of 2015, Medivo showcased--in client solutions and in medical research at the American Society of Hematology--how its data analytics identifies opportunities to improve outcomes in 12 oncology and other specialty conditions. By utilizing aggregated analyzed lab data, Medivo believes that pharma brand marketers are now in a position to take advantage of new opportunities to improve promotional targeting and that pharma and lab sales executives can optimize sales force planning.
NovaSom is a leader in Obstructive Sleep Apnea ("OSA") home testing with the AccuSom® home sleep test, the only comprehensively supported home sleep test that provides continuous patient support and next-day test results and interpretation for health care professionals.
Market Opportunity -- The OSA diagnostic market in the U.S. is estimated to be approximately
Operating Highlights -- AccuSom is currently covered for more than 150 million commercially insured U.S. lives. NovaSom is accredited by the Joint Commission as an
Market Opportunity -- Asthma and COPD currently cost payers and patients in the U.S. more than
Operating Highlights -- During the first quarter of 2015,
Putney is a rapidly growing pet pharmaceutical company focused on developing high-quality, generic prescription medicines for pets. Putney's mission is to provide veterinary practices with
Market Opportunity -- According to
Operating Highlights -- During the first quarter of 2015, Putney announced that it received its fifth
Quantia is a pioneer in physician engagement. Quantia has spent nearly a decade building an active online community-- QuantiaMD --where 225,000 physicians (about one in three nationwide) interact with experts and collaborate to achieve the best outcomes for their patients. By blending expert content, social networking and game mechanics, Quantia has created an environment that physicians want to explore. The company's clients represent large health systems and life sciences companies that tap into Quantia's community to boost engagement among target physicians and inspire change at the point of care. Safeguard has deployed
Market Opportunity -- Quantia currently generates revenue through three channels: (1) pharmaceutical companies that need to reach and engage healthcare professionals to increase market share; (2) hospital systems that need to engage physicians to achieve clinical, operational and financial objectives; and (3) medical technology companies that need to increase brand awareness among physicians and drive qualified leads. The scalable and secure Quantia Physician Engagement Platform has an annual addressable market estimated to be between
Operating Highlights -- During the first quarter of 2015, Quantia released initial findings of a Quantia Impact Report, which stated that 72% of physicians increased their confidence in managing chronic conditions and delivered better clinical outcomes after participating in expert-led content on QuantiaMD. These findings are significant when coupled with the fact that an estimated 50% of current medical knowledge becomes obsolete every five years. Quantia's Impact Report suggests that when relevant clinical content is delivered by trusted experts in a convenient online format, physicians report changes to the way they think about and practice medicine.
Syapse is a software company that enables healthcare providers to deploy precision medicine programs. The Syapse Precision Medicine PlatformSM integrates complex genomic and clinical data with care pathways and medical knowledge bases, providing clinicians with actionable insights to enable diagnosis and treatment. In addition, it enables longitudinal tracking of patients, creating expansive sources of real-world evidence that will be used to power learning health systems across networks of affiliated health providers. The platform integrates data from electronic medical records, molecular testing labs and imaging and billing systems, and is agnostic to the data source or system. Safeguard deployed
Market Opportunity -- Syapse's technology provides integral software infrastructure for any healthcare provider utilizing genomics, molecular and high-complexity clinical data in the care of their patients. While Syapse's platform can be applied to any disease area, early customers have focused on oncology.
Operating Highlights -- During the first quarter of 2015, Syapse partnered with
Trice Medical™ (
Trice Medical is a diagnostics company focused on micro invasive technologies. Trice Medical has pioneered fully-integrated camera-enabled needle technologies that provide a clinical solution that is optimized for use in the physician's office. The company's first product is mi-eye™, which is a single-use, streamlined visualization device that uses a standard 14-gauge needle with an integrated camera and light source to perform a diagnostic arthroscopy. Trice Medical's mission is to provide more immediate and definitive patient care, eliminating the false reads associated with current indirect modalities and significantly reducing the overall cost to the healthcare system. Safeguard has deployed
Market Opportunity -- In the U.S., it is estimated that more than 32 million magnetic resonance imaging ("MRI") exams are conducted each year, of which approximately 8 million are orthopedic in nature. Private insurers, which cover approximately 80% of all sports medicine injuries, often pay an average of
Operating Highlights -- During the first quarter of 2015, Trice Medical appointed
TECHNOLOGY
AppFirst's award-winning technology provides global organizations the ability to achieve unmatched visibility into the real-time relationships between distributed applications and the global assets, which support their execution. This includes all application classes and their associated services interactions along with detailed exposure of every asset required to service a global or local business transaction. By delivering unmatched visibility, AppFirst enables the business to experience real time and complete systems integrity information not historically possible. This includes database integrity, file integrity and system security data never before available. Additional benefits include increased system performance, improved global asset utilization and a reduction of overall IT costs. Safeguard has deployed
Market Opportunity -- AppFirst competes in the
Operating Highlights -- AppFirst continues to gain traction with the secure enterprise version of its platform, which the company introduced in 2014, for deployments on-premise, in the cloud or in a hybrid environment. AppFirst's platform includes a patented data collection and aggregation offering to deliver visibility into all foundational interactions including, but not limited to, every application call, system event, log file entry, configuration change, third-party application or custom code event as well as data from thousands of plug-ins. AppFirst's platform includes a big data correlation and aggregation engine providing a normalized and time synchronization view of all collected data across the enterprise in a way previously unavailable using traditional APM and polling solutions. During the first quarter of 2015, AppFirst achieved industry recognition including being named a 2015 CODIE Award finalist by the
Apprenda is a leading enterprise platform-as-a-service ("PaaS") company powering the next generation of enterprise software development in public, private and hybrid clouds. As a foundational software layer and application run-time environment, Apprenda abstracts away the complexities of building and delivering modern software applications, enabling enterprises to turn ideas into innovations more quickly. With Apprenda, enterprises can securely deliver an entire ecosystem of data, services, applications and application programming interfaces to both internal and external customers across any infrastructure. Safeguard deployed
Market Opportunity -- Apprenda was named by Gartner as an early leader for private cloud enabled application platforms ("CEAP"), a new category with a potential annual market opportunity of up to
Operating Highlights -- During the first quarter of 2015, Apprenda announced that
Market Opportunity -- The global human capital management market is estimated to be
Operating Highlights -- During the first quarter of 2015, Beyond launched its online subscription-based service, which provides small businesses with ongoing access to Beyond's 45 million members and 500+ niche talent communities. These tiered plans are designed to make the hiring process more efficient, cost-effective and transparent by providing users with the powerful resources they need to target the right job candidates.
Bridgevine provides customer acquisition and retention solutions for enterprise customers. Bridgevine's software-as-a-service ("SaaS")-based platform is used by leading companies in communications, entertainment, home security and energy resulting in more than 50 million consumer interactions annually. Safeguard has deployed
Market Opportunity --
Operating Highlights -- During the first quarter of 2015, Bridgevine appointed
CloudMine provides a secure, cloud-based platform aimed at accelerating development of mobile apps by providing key application infrastructure, critical compliance-related functions and automated scale in an unpredictable world of data consumption. With CloudMine, customers are able to streamline app maintenance, standardize project development and release apps quicker--by up to 70% in most cases--while offsetting the complexity and cost of meeting privacy and security standards throughout the app lifecycle. Through a robust integration framework, CloudMine enables the next generation of enterprise mobility by empowering development teams to tap into legacy applications quickly while keeping them secured behind the firewall. CloudMine's managed mobility suite is HIPAA and HITECH compliant and used by world-class enterprises including Mylan,
Market Opportunity -- By 2018, the mobile enterprise business application market is projected to be
Operating Highlights -- During the first quarter of 2015, CloudMine raised a
Clutch is a leading provider of advanced consumer management technology that delivers customer intelligence and consumer engagement solutions to premium brands. Clutch's comprehensive customer marketing platform empowers customer-focused businesses to identify, understand, target and engage their most valuable customers. The company's pioneering consumer management platform integrates a brand's customer data across traditional point-of-sale systems, ecommerce platforms, mobile applications and social networks to deliver the highest value from existing customers. Safeguard has deployed
Market Opportunity -- The Consumer Management category is an emerging, multi-billion dollar industry focused on delivering premier brands the ability to maximize relationships with, and the lifetime value of, their customers. Clutch's advanced technology platform and consultative approach delivers multidimensional intelligence, sophisticated understanding, strategic engagement and powerful optimization to achieve this.
Operating Highlights -- Clutch continues to build upon strategic partnerships with organizations such as
Full Measure Education offers colleges and universities a cost-effective SaaS student engagement platform to maximize student success. This system-wide infrastructure increases student persistence, engagement and goal accomplishments, delivering information to students when they want it and how they have come to expect it. With Full Measure Education, schools can redesign communication and student services to streamline administrative processes, automate steps where possible and deliver personalized support to each student. By delivering personalized, relevant and timely communications to students across the entire student lifecycle, students are inspired to achieve their academic goals and institutions can intervene when students exhibit at-risk behavior. Safeguard deployed
Market Opportunity -- In the community and junior college markets, there are more than 1,132 colleges. The average revenue per community college is
Operating Highlights -- During the first quarter of 2015, Full Measure Education raised a
Market Opportunity -- Hoopla is in the employee performance management market. Companies in the U.S. spend approximately
Operating Highlights -- Hoopla continues to expand its sales, marketing and product development efforts to meet the rapidly growing demand for its software.
Lumesis is a financial technology company focused on providing business efficiency, data and regulatory solutions to the municipal bond marketplace. Lumesis was founded in 2010 and is completely dedicated to serving the municipal market with industry-leading analysis and compliance solutions that meet the needs of an evolving regulatory environment. Today, Lumesis' DIVER platform helps more than 100 firms with more than 40,000 users efficiently meet credit, regulatory and risk needs. Safeguard has deployed
Market Opportunity -- Lumesis focuses on delivering its solutions to portfolio managers, investment advisors, compliance professionals, financial advisor networks and issuers/underwriters in the municipal bond marketplace, which has doubled over the past 10 years. Lumesis estimates that its current addressable market to this customer base is approximately
Operating Highlights -- During the first quarter of 2015, Lumesis announced a partnership with
Market Opportunity -- According to eMarketer, total digital ad spending is expected to grow at a compound annual rate of 15.7% between 2013 and 2018.
Operating Highlights -- During the first quarter of 2015,
Pneuron enables organizations to rapidly solve business problems through a groundbreaking, distributed approach that cuts across data, applications and processes. By targeting the right information at the data source, companies are no longer faced with the complex integration and infrastructure requirements of traditional approaches. Pneuron's innovative Distributed Solutions Platform enables customers to accelerate business value and develop reports, products and applications in half the time and cost of traditional methods. Pneuron's distributed approach is non-invasive, technology-agnostic and leverages an organization's existing infrastructure, avoiding the deployment risks and IT concerns that are prevalent in today's centralized data projects. Safeguard deployed
Market Opportunity -- The financial services industry spends approximately
Operating Highlights -- During the first quarter of 2015, Pneuron announced a partnership with HP to provide customers with the ability to quickly realize value derived from new big data insights with less cost and more agility than traditional solution approaches. The partnership combines HP's Business Intelligence Modernization Services and leading big data analytics platform with Pneuron's innovative Distributed Solutions Platform to offer customers a rapid, flexible and robust approach to deploying end-to-end solutions. The technology will be offered as on-premise and as-a-service in the HP Helion cloud, further enabling enterprise customers to derive critical advantages required in today's dynamic marketplace. In addition, Pneuron announced a partnership with UST Global, an information technology solutions and service company for Global 1000 enterprises, to expand market share in their respective domains by leveraging connected products and services.
Spongecell is a programmatic creative solution that leverages data-driven technology to automate the production and delivery of high-quality ads at scale across display, mobile and video. Spongecell's technology helps brands and their creative and media agencies create more meaningful consumer engagement, without sacrificing speed or quality. Spongecell works with some of the biggest companies in the world to drive their digital advertising campaigns and bring more interactive and engaging ad experiences to potential customers. Safeguard has deployed
Market Opportunity -- The size of the
Operating Highlights -- Spongecell is realizing significant traction with its dynamic creative product, which allows ad content to be updated in real-time based on parameters such as weather, user location and consumer habits. Spongecell continues to expand its mobile advertising offering, adding dynamic creative functionality and additional feature support to its mobile product.
Market Opportunity -- Fewer than 20% of bills are presented electronically in the U.S. The majority of 1990s-vintage technology and products in this market are on site at a single biller and are client-server oriented. The channel-oriented
Operating Highlights -- During the first quarter of 2015,
Market Opportunity -- According to comScore, eCommerce grew at a rate of 13% year-over-year in the first quarter of 2014, while offline retail was nearly flat, achieving 1% growth from the year before. As this trend continues,
Operating Highlights --
CONFERENCE CALL AND WEBCAST DETAILS
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Date:
Time:
Webcast: http://www.safeguard.com/results
Live Number: 877-201-0168 // (International) 647-788-4901
Replay Number: 855-859-2056 // (International) 404-537-3406
Access Code: 96836947
Speakers: President and Chief Executive Officer,
Format: Discussion of first quarter 2015 financial results followed by Q&A.
Replay will be available through
About
Forward-looking Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. The risks and uncertainties that could cause actual results to differ materially include, among others, our ability to make good decisions about the deployment of capital, the fact that our partner companies may vary from period to period, our substantial capital requirements and absence of liquidity from our partner company holdings, fluctuations in the market prices of our publicly traded partner company holdings, competition, our inability to obtain maximum value for our partner company holdings, our ability to attract and retain qualified employees, market valuations in sectors in which our partner companies operate, our inability to control our partner companies, our need to manage our assets to avoid registration under the Investment Company Act of 1940, and risks associated with our partner companies, including the fact that most of our partner companies have a limited history and a history of operating losses, face intense competition and may never be profitable, the effect of economic conditions in the business sectors in which Safeguard's partner companies operate, and other uncertainties described in our filings with the
Read the full story at http://www.prweb.com/releases/2015/04/prweb12675077.htm
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