iNetworks and/or the iNetworks principals have completed investments in a wide variety of companies, including:
Artes Medical, Inc.
Artes is a San Diego, CA specialty pharmaceutical and medical device company developing and manufacturing new and innovative products for the plastic surgery, cosmetic surgery, dermatology, GERD and incontinence markets. The Company’s proprietary platform technology is based on injectable synthetic microspheres suspended in ultra-purified bovine collagen. Under the patented process, the natural production of human collagen is stimulated to encapsulate each individual microsphere, providing a lasting cosmetic or therapeutic effect.
iNetworks was the first US-based institutional investor in Artes, and facilitated subsequent financings for the company.
Propel IT, Inc.
Propel IT provides productivity optimization solutions designed to increase the returns of large capital investments. Propel IT’s FADS technology creates baseline metrics to track the expected returns of an initiative. Using these baseline measurements, FADS uncovers anomalies and variations that financially impact an initiative. Intelligent analysis of the factors responsible for divergence from the baseline enables an evaluation of alternative strategies and approaches. This serves as the basis for the financial optimization of a capital investment and the maximization of financial returns.
Propel IT currently provides its technology to companies within the financial services, healthcare and transportation industries. Since its inception, Propel IT has produced 10s of millions of dollars in previously unrecognized benefit capture for companies such as Mellon Financial Corporation, The Johns Hopkins Health System and Pitt-Ohio Express.
Precision Scientific, Inc.
Precision was a Chicago-based manufacturer of high-level laboratory scientific equipment. The company was purchased in a leveraged buyout and turned around by an iNetworks principal. Other investors included JP Morgan and CS First Boston. The company was sold to Varian.
Finn-Aqua Santasalo-Sohlberg Oy
Finn-Aqua was a Helsinki-based manufacturer of lyophilizers and other scientific and medical equipment. Two iNetworks principals led the acquisition of this company which was then restructured and sold as part of a merger with Steris Corporation.
AMSCO Scientific
This was a start-up investment made in Europe by an iNetworks principal with respect to non-medical scientific equipment. The company went from revenue in year one of $1.3 million to $85 million in year four with substantial profitability, and was sold as part of a merger.
AMSCO Biomedical
This Pittsburgh-based start-up was led by an iNetworks principal and formed the basis of a roll-up of biomedical engineering service companies, including TRW’s Medical Services Division. The resulting company was sold to GE Medical.
Basil Corporation
Basil was a Wilson, NY-based manufacturer of specialized equipment for the laboratory and scientific markets. The company was acquired in a transaction led by two iNetworks principals and rolled into an IPO of AMSCO International, Inc., which was the successor to an LBO led by one of the iNetworks principals.
Myriad Genetics, Inc.
An iNetworks principal led a profitable venture capital investment in this Salt Lake City-based genetics company that is now a publicly-held company.
Onyx Pharmaceutical, Inc.
An iNetworks principal led a successful investment in this Richmond, California-based biotechnology company that is now publicly-traded.
Pharmacopeia Inc.
An iNetworks principal led a profitable venture capital investment in this Princeton, NJ-based combinatorial chemistry and bioinformatics company, now publicly-held.
Immune Response Corporation
An iNetworks principal led a successful private equity investment in this publicly-held biotechnology company based in San Diego.
American Sterilizer Company
An iNetworks principal led the going private transaction, LBO and LBO refinancing of this healthcare technology company, and together with another iNetworks principal significantly restructured the company to position it to go public. Two iNetworks principals led the successful IPO of the renamed company, Amsco International, Inc., direct to the NYSE.
Vital Sensors, Inc.
Vital Sensors is a medical device company based in Richmond, VA, with technology from the Fraunhofer Institute for Microelectronic Circuits and Systems. The company’s product, a remote cardiac sensor for congestive heart failure patients, will provide continuous or on-demand data monitoring for patients with cardiovascular disease either in-hospital or at home.
Sunquest Information Systems, Inc.
An iNetworks principal invested in and joined the board of this publicly-traded healthcare IT company, resulting in the sale of the company to Misys PLC after 18 months at a 3x price.
Etcetera Edutainment, Inc.
Etcetera is a spinoff from Carnegie Mellon University's Entertainment Technology Center, that provides interactive, 3D animated training products to ensure safety in healthcare, manufacturing, and other markets.
