Venture Group
CIBC Capital Partners - Venture Group is one of the largest and most experienced venture groups in North America. Focusing on growth-oriented businesses in dynamic industries, we look to help founders and management teams take their company to the next level. The Venture Group is part of CIBC World Markets' Capital Partners Division, alongside the merchant banking and private equity funds.
Expertise
Utilizing CIBC's balance sheet as a capital base, we offer our portfolio companies the financial and strategic support they need, coupled with a network of industry and banking contacts both inside and outside of the firm. With more than 15 years experience, our professionals in Boston, New York, and Toronto, have the market presence and resources to act decisively and quickly, allowing management teams to focus on their business, rather than the capital raising process.
Selected Investments
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Adaytum Inc.
Headquarters: Ottawa, Ontario and Burlington, Massachusetts
Investment Date: 2002
Exit Date: 2003 (acquired by Cognos)
Adaytum provides planning and performance management solutions for business and public sector organizations, with more than 1,500 customers worldwide. In January 2003, Cognos (Nasdaq: COGN; TSX: CSN), a provider of business intelligence solutions, acquired Adaytum for $160 million.
Adventity
Headquarters: New York, New York
Investment Date: 2006
Adventity provides high value knowledge process outsourcing (KPO) services to the financial services industry in the form of analytics, modeling and research, as well as business process outsourcing (BPO) services including mortgage origination, mortgage processing, cards processing, revenue accounting, collection services and other transaction processing services.
AKQA
Headquarters: San Francisco, California
Investment Date: 2002
Exit Date: 2007 (acquired by General Atlantic)
AKQA provides the technical services required to deliver a consistent and coordinated brand, communications and media strategy across the spectrum of new and traditional communication channels.
Algorithmics Inc.
Headquarters: Toronto, Ontario
Investment Date: 2000
Exit Date: 2005 (acquired by Fitch Group, Inc.)
Algorithmics develops, markets and supports global enterprise financial risk management software. The Company markets its products and services to businesses seeking to strengthen risk management controls, enhance capital allocation efficiency and capitalize on the increasing complexity of financial markets. Algorithmics' customers include financial institutions, insurance companies, central banks and regulators, asset managers and corporations.
Amcom Software
Headquarters: Eden Prairie, Minnesota
Investment Date: 2007
Amcom Software develops and supports enterprise-wide systems for organizations needing to automate, centralize and standardize mission-critical communications. The company's technology solutions support both day-to-day business operations and event-driven communications with speed, accuracy and productivity.
Authoria, Inc.
Headquarters: Waltham, Massachusetts
Investment Date: 2002
Authoria provides software solutions enabling companies to lower the cost of HR administration and employee development. Authoria's solution provides benefits, compensation and policy information to employees via a self-service application. In addition, Authoria provides an integrated suite of applications for compensation planning, performance management and compensation.
CashEdge Inc.
Headquarters: New York, New York
Investment Date: 2000
CashEdge provides consumer-based financial services solutions including Online Account Aggregation, Electronic Funds Transfer, and Online Remote Account Open capabilities offered on a "white-labeled" subscription basis in partnership with large scale financial institutions and brokerages.
Cortera
Headquarters: Quincy, Massachusetts
Investment Date: 2008
Cortera provides business information solutions and corporate credit and collections software and services to companies to assist them in making risk management decisions. The company offers a broad array of on-demand business information services which help companies understand and evaluate credit risks, as well as on-demand and enterprise software packages that help them manage portfolios of credit and collections risks.
Critical Mention Inc.
Headquarters: New York, New York
Investment Date: 2005
Critical Mention Inc. is a leading provider of television search and monitoring services. Critical Mention's "CriticalTV" online platform provides customers with a full-featured system for tracking current and archival video clips as well as associated text.
Cube Route Inc.
Headquarters: Toronto, Ontario
Investment Date: 2005
Exit Date: 2006 (acquired by Descartes Systems Group)
Cube Route Inc. provides managed logistics services that enable organizations to easily and cost effectively manage "last mile" delivery and field operations, yield dramatic cost reductions and differentiate their service offering.
DataWire Communication Networks Inc.
Headquarters: Toronto, Ontario
Investment Date: 2003
Exit Date: 2007 (acquired by First Data Corp.)
DataWire through its VXN Transaction Delivery Network enables brick-and-mortar merchants to process electronic transactions (credit, debit, stored value, electronic check) over the Internet as an alternative to traditional communication channels such as a dial-up, frame relay and satellite.
Eontec Limited
Headquarters: Dublin, Ireland
Investment Date: 2001
Exit Date: 2004 (acquired by Siebel Systems)
Eontec delivers mission-critical Enterprise Java Banking solutions to major financial institutions. Eontec provides best-of-breed systems assembled from reusable financial components for retail and corporate financial services, including branch operations, lending, payments and credit card services. These can be deployed across multiple channels including the branch, call centres, the Internet, ATMs and wireless devices to create a unified customer experience.
Firm AS
Headquarters: Oslo, Norway
Investment Date: 2002
Exit Date: 2006
Oslo: FIRM
FIRM is a leading provider of online information and research management software. Its flagship application, Confirmit, is a web-based survey and feedback application that allows organizations to gather and present information in real-time.
FuelQuest, Inc.
Headquarters: Houston, Texas
Investment Date: 2002
Exit Date: 2007 (acquired by Saracen Energy)
FuelQuest provides and hosts web-based supply chain management and collaboration technologies for the downstream petroleum industry.
Hubspan
Headquarters: Seattle, Washington
Investment Date: 2002
Exit Date: 2006
Hubspan is a transaction delivery network that enables integration and collaboration with trading partners on an outsourced basis. Hubspan enables its customers to integrate with all trading partners through a single connection to the Hubspan network.
Innovation Interactive LLC
Headquarters: New York, New York
Investment Date: 2008
Innovation Interactive LLC provides digital marketing services and technology to large brand advertisers and their marketing agencies, with a focus on search engine marketing and related offerings such as behavioral marketing, social media and rich media.
Invision
Headquarters: New York, New York
Investment Date: 2008
Invision Inc. develops software to support the ad sales processes for television and radio networks, stations, syndicators and Internet websites.
Interwise, Inc.
Headquarters: Cambridge, Massachusetts
Investment Date: 2002
Exit Date: 2005
Interwise is a provider of collaboration, communication and e-learning software solutions. The Company's solution includes application software for live and asynchronous e-mentoring, conferencing, collaboration, virtual classrooms and webinars.
Qumas, Ltd.
Headquarters: Cork, Ireland
Investment Date: 2002
Exit Date: 2005
Qumas provides Enterprise Compliance Management (ECM) software solutions to regulated industries, primarily for Contract Research Organizations and the pharmaceutical, medical device and biotechnology industries. Qumas' DocCompliance, specifically designed to help organizations achieve compliance with FDA regulations, automates critical document processes (records and document change control, corrective and preventive actions, equipment and facility compliance) and electronic regulatory submissions, while reducing document cycle times.
RenewData
Headquarters: Austin, Texas
Investment Date: 2004
RenewData is a provider of electronic evidence services, information governance and data recovery services to Fortune 2000 companies.
Seisint
Headquarters: Boca Raton, Florida
Investment Date: 2001
Exit Date: 2004 (acquired by LexisNexis)
Seisint provides information products that allow business, financial services, legal and government customers to quickly and easily extract valuable knowledge from a vast array of data. Its products, including Accurint™ and Securint™, support customers in critical activities such as debt recovery, due diligence, fraud detection, identity verification, law enforcement, legal investigations, pre-employment screening, resident screening and data supercomputing.
Silicon Energy Corp.
Headquarters: Alameda, California
Investment Date: 2002
Exit Date: 2003 (acquired by Itron)
Silicon Energy has developed an Enterprise Energy Management (EEM) software solution that streamlines the process of centralizing, validating and warehousing, and provides such additional functionality as meter information, calculation and validation of bills, allocation of utility costs and benchmarking and budgeting of energy consumption and spending. Silicon Energy was acquired by Itron for $71 million.
SkyBitz
Headquarters: Sterling, Virginia
Investment Date: 2006
SkyBitz is the leading mobile asset management company, providing real-time information to customers in the fields of transportation, energy, construction, agriculture and waste management. SkyBitz delivers a reliable, easy-to-use mobile asset tracking and information management solution that provides clear visibility to mobile assets anytime, anywhere.
Soltrus Inc.
Headquarters: Toronto, Ontario
Investment Date: 2001
Exit Date: 2006 (acquired by VeriSign, Inc.)
Soltrus provides Digital Trust Services that enable businesses and consumers to securely communicate and transact over digital networks. Soltrus solutions are designed to safeguard communications and transactions using Public Key Infrastructure (PKI) technology and are supported by VeriSign technology.
THINQ Learning Solutions, Inc.
Headquarters: Baltimore, Maryland
Investment Date: 2001
Exit Date: 2005 (acquired by Saba)
THINQ provides enterprise software for learning management, THINQ's solution manages the registration, planning, scheduling delivery, resource allocation and outcomes of an organization's enterprise learning activities.
Triversity Inc.
Headquarters: Toronto, Ontario
Investment Date: 2001
Exit Date: 2005 (acquired by SAP AG)
Triversity provides customer-centric solutions for the retail industry. By integrating market-leading Point-of-Sale/Point-of-Interaction (POS/POI), Loss Prevention and retail CRM solutions, Triversity provides retailers with the capability to offer a consistent shopping experience across all channels including the Internet, kiosks and wireless devices.
Verid
Headquarters: Ft. Lauderdale, Florida
Investment Date: 2005
Exit Date: 2007 (acquired by EMC Corp.)
Verid is the leading provider of real-time identity verification and authentication solutions. Verid offers its solutions on a hosted or customer direct-basis and specializes in several industries, such as financial services, telecommunications, retail, online services, payment processors, and other businesses that are at an increased risk of fraud due to identity theft.
Vividence Corporation
Headquarters: San Mateo, California
Investment Date: 2002
Exit Date: 2004 (acquired by Keynote Systems)
Vividence helps businesses improve the customer experience on their websites. The Company's products capture and interpret the behavior, thoughts and attitudes of customers on the Web.
Vytek Corporation
Headquarters: San Diego, California
Investment Date: 2000
Exit Date: 2004 (acquired by California Amplifier)
Vytek is a global provider of innovative technology solutions that empower global Fortune 1000 customers to access their information or content anywhere, anytime. Its senior consultants and experienced engineering teams provide business strategy and technology assessments, integrated hardware and software development to enable pervasive computing.
WildTangent, Inc.
Headquarters: Redmond, Washington
Investment Date: 2002
Exit Date: 2006
WildTangent has developed a proprietary software platform that enables the creation and delivery of retail-quality games via the Internet over both narrowband and broadband connections. In addition, WildTangent broadcasts advertising-supported and fee-based games over the Internet.
Workbrain Corporation
Headquarters: Toronto, Ontario
Investment Date: 2002
Exit Date: 2004
TSX: WB
Workbrain provides Employee Relationship Management (ERM) software solutions that enable large enterprises to better service, manage, and retain employees. Workbrain's ERM solution automates the most frequent and complex employee interactions within the enterprise such as time and attendance, skills and training registration, and surveys and testing.
Yantra Corporation
Headquarters: Tewksbury, Massachusetts
Investment Date: 2002
Exit Date: 2004 (acquired by Sterling Commerce)
Yantra provides enterprise software for distributed commerce management. The Company's solutions aggregate, manage, monitor, and analyze orders and inventory distributed across multiple business units, regions, enterprises, suppliers and partners.
Semiconductors
Equator Technologies, Inc.
Headquarters: Campbell, California
Investment Date: 2000
Exit Date: 2005 (acquired by PixelWorks Inc.)
Equator Technologies provides high performance, programmable, power efficient system-on-a-chip processors designed for video streaming and image processing applications across a wide range of consumer and enterprise end markets. Its MAP-CA and BSP-15 media chip products have been designed into products developed by leaders in the consumer electronics, communications and video security/surveillance markets.
PortalPlayer, Inc.
Headquarters: Santa Clara, California
Investment Date: 2000
IPO: 2004
NASDAQ: PLAY
PortalPlayer develops advanced systems for digital audio recording and playback, using MP3 and other popular digital compression technologies, tightly integrated with electronic commerce and digital rights management. The Company supplies a complete product platform and supporting infrastructure, semiconductors, firmware and PC-based media management software, enabling customers to bring innovative new devices to market in a timely manner.
SiGe Semiconductor Inc.
Headquarters: Ottawa, Ontario
Investment Date: 2000
SiGe Semiconductor is a leading global supplier of analog and mixed-signal integrated circuits for next-generation cable telephony, high-speed optical and Bluetooth and Wi-Fi wireless networks, among other applications. The Company focuses on products that deliver on the unique advantages of silicon germanium technology, providing integrated circuits with superior performance and power efficiency.
Infrastructure
Chrysalis - ITS Inc.
Headquarters: Ottawa, Ontario
Investment Date: 2000
Exit Date: 2003 (acquired by Rainbow Technologies)
Chrysalis-ITS provides hardware security products that add trust and speed to e-commerce, PKI and VPN applications.
OnePath Networks Inc.
Headquarters: Jerusalem, Israel
Investment Date: 1999
OnePath Networks designs and manufactures broadband optical access equipment that eliminate bandwidth bottlenecks in Multi-Dwelling Units (MDUs) by delivering high-speed data communications and digital/analog video services over single-fibre delivery systems.
Hardware
Silicon Bandwidth, Inc.
Headquarters: Fremont, California
Investment Date: 2001
Exit Date: 2006
Silicon Bandwidth develops high-density interconnect technology and solutions that reduce the cost of design and manufacture of high-performance components and systems in the communications, consumer and computer markets. The Company designs, develops and markets a family of next-generation I/O solutions that solve bandwidth, thermal, size and cost constraints across the entire circuit path, within the integrated circuit, throughout the printed circuit board and across board-to-board applications.
Life Sciences
Cardiokine
Headquarters: Philadelphia, Pennsylvania
Investment Date: 2004
Cardiokine is a specialty pharmaceutical company focused on the development of clinical candidates for the treatment and prevention of heart failure and related cardiovascular indications.
Gloucester Pharmaceuticals, Inc.
Headquarters: Cambridge, Massachusetts
Investment Date: 2005
Gloucester Pharmaceuticals was formed in 2003 to develop and commercialize innovative products for the treatment of cancer. The Company is employing an in-licensing strategy to build a diversified product portfolio to address the significant unmet medical need in the management of cancer. Their first compound, FK228 - a novel histone deacetylase inhibitor, is in clinical trials for the treatment of cutaneous T-cell lymphoma.
MethylGene Inc.
Headquarters: Montreal, Quebec
TSX: MYG
Investment Date: 2006
MethylGene is a biopharmaceutical company focused in the areas of cancer, infectious disease and other diseases such as diabetes, Huntington's and inflammation. MYG currently has two drugs in development being tested in human clinical trials. MYG's strategy is to partner its programs to complement its business objectives. MYG has partnered its programs with MGI Pharma, Taiho Pharmaceutical, Pharmion Corporation, Merck and EnVivo Pharmaceuticals.
Health Care Services
U.S. HealthWorks, Inc.
Headquarters: Alpharetta, Georgia
Investment Date: 2001
U.S. HealthWorks is a leading provider of occupational healthcare services, a large rapidly growing segment of the healthcare industry. The Company manages one of the largest integrated networks of occupational healthcare clinics to treat and rehabilitate individuals injured in the workplace.
Centerre Healthcare Corp.
Headquarters: St. Louis, Missouri
Investment Date: 2005
Centerre Healthcare is a national company dedicated to creating Rehabilitation Hospitals in partnership with Acute Care Hospitals. Centerre's sole focus is the delivery of inpatient rehabilitation services in partnership with Acute Care Hospitals and Medical Centers. Centerre currently operates facilities in Phoenix, Arizona and West Chester, Pennsylvania.
Medical Devices
SuperDimension LTD.
Headquarters: Herzliya, Israel
Investment Date: 2005
SuperDimension is an emerging world leader in the minimally-invasive diagnosis and treatment of lung disease (e.g., cancer, emphysema) via interactive real-time guidance of endoscopic tools. The SuperDimension/Bronchus™ system answers a critical clinical need that is currently unmet. It accurately reaches, and in a minimally-invasive manner, lung locations that are far beyond the endoscope's own vision.
SuperDimension has been selling its products in Europe since 2004, and gained FDA 510(k) clearance in the U.S. in 2005.
Advanced Interactive Systems, Inc.
Headquarters: Seattle, Washington
Investment Date: 1999
AIS provides security training technologies and services for the aviation security, law enforcement, corrections, military and school security markets. AIS combines state-of-the-art technology with tactical experience to provide immersive real-life judgmental training scenarios. AIS also designs and builds anti-terrorist and other special application training facilities for military and special operations groups.
First Asset Management Inc. (FIAMI)
Headquarters: Toronto, Ontario
Investment Date: 1997
Exit Date: 2005 (acquired by Affiliated Managers Group, Inc.)
FIAMI was formed in 1997 and has been an active participant in the consolidation of the fragmented mutual fund/asset management business in Canada. Since its formation in 1997, the Company has completed 10 acquisitions including 70% of Montrusco Bolton, 100% of Triax Capital Holdings, 60% of Covington Capital among others.
Hydrogenics Corporation
Headquarters: Mississauga, Ontario
Investment Date: 1998
Exit Date: 2001
NASDAQ: HYGS
TSX: HYG.TO
Hydrogenics develops and commercializes proton exchange membrane (PEM) fuel cell power generators, including related subsystem products and associated fuel cell diagnostic equipment.
Juniper Financial
Headquarters: Wilmington, Delaware
Investment Date: 2001
Exit Date: 2004 (acquired by Barclays PLC)
Juniper Financial, through its wholly-owned subsidiary, Juniper Bank, is a leading full-service credit card issuer.
MCCI Multi-Channel Communications Inc.
Headquarters: Toronto, Ontario
Investment Date: 2002
Exit Date: 2005 (acquired by SR.Teleperformance)
MCCI provides outsourced customer service solutions to help companies improve their contact centre business processes and customer relationship management strategies. MCCI allows clients to service their customers across multiple communication channels including telephone, Internet (email, chat), and website self-help capabilities.
Proton Energy Systems, Inc.
Headquarters: Wallingford, Connecticut
Investment Date: 2000
Exit Date: 2001
NASDAQ: PRTN
Proton Energy Systems builds PEM hydrogen generators and regenerative PEM fuel cell systems. The hydrogen generator produces hydrogen from electricity and water efficiently and without harmful by-products. The regenerative FC systems combine the Company's hydrogen generation technology with a FC power generator for uniquely cost-effective, pollution-free energy storage.
Venturion Limited Partnership
Headquarters: Toronto, Ontario
Investment Date: 2002
Venturion Limited Partnership Fund was formed for the purpose of capitalizing on promising financial services technologies and related services: (a) by designing and implementing new disintermediation technology for the financial services industry through a wholly-owned subsidiary of the partnership, and (b) by investing in and supporting existing small companies focused on financial services automation.