Tengion Inc. is a clinical-stage, organ-regeneration company with products for urologic, vascular and renal regeneration based on its proprietary Autologous Organ Regeneration Platform?„?. The company is considering an initial public offering of common stock and filed a Form S-1 with the Securities and Exchange Commission in late 2009. In 2010, a human clinical trial is planned with the Tengion Neo-Urinary Conduit?„? for patients with bladder cancer. Tengion recently completed a Phase II trial of its patented Tengion Neo-Bladder Augment?® for children with neurogenic bladders due to spina bifida. Enrollment is complete in a second Phase II trial with the Neo-Bladder Augment in adults with neurogenic bladders due to spinal cord injuries.
TECHNOLOGY PARTNER COMPANIES HIGHLIGHTS
Advantedge Healthcare Solutions, Inc. (AHS) is among the nation ™s largest medical billing firms using proven, proprietary software to deliver outsourced billing solutions to hospital physician groups. AHS ™ state-of-the-art technology efficiently collects financial information and speeds the reimbursement of third-party claims and patient payments, enabling physicians to maximize revenue and decrease their billing and practice management costs. AHS continues to gain meaningful scale through organic growth and strategic acquisitions. Since 2007, the company has completed four acquisitions, most recently an Ohio-based anesthesia billing company. It is estimated that fewer than 20% of U.S. physician practices currently outsource billing and practice management. Safeguard has deployed $13.5 million of capital in AHS beginning in November 2006 and holds a 40% ownership position.
Authentium, Inc. develops software and services to protect consumers in a connected world. Leading software providers, including Google, Microsoft and Symantec, use the company ™s core technologies to create or enhance anti-malware and identity-protection software. In addition, consumers use Authentium ™s identity-theft prevention product SafeCentral?„? to protect e-commerce transactions through an end-to-end, secured online environment. Safeguard has deployed $9.3 million of capital in Authentium beginning in April 2006 and holds a 20% ownership position.
Beyond, Inc. is the largest Internet career network comprised of thousands of local, industry and niche communities in the U.S. and Canada. Beyond attracts niche audiences of job seekers, professionals, employees and advertisers and delivers targeted and highly relevant results through a multitude of online media and advertising models, including recruitment advertising, email marketing, banner advertising and other lead generation vehicles. The Beyond network of web sites accounts for more than 5 million resumes and powers portals for some of the Internet ™s best-known and well-established career brands and media publishers. Despite the weak economy, Beyond continues to expand its strategy and is now targeting areas to better utilize its niche communities and employers to increase market share in the online jobs-search market, remaining well positioned with long-term growth drivers intact. The online jobs-search market is consolidating and Beyond is exploring growth opportunities through acquisition. Safeguard deployed $13.5 million of capital in Beyond in March 2007 and holds a 38% ownership position.
Bridgevine, Inc. is an Internet marketing company that enables consumers to compare and purchase digital services online, including Internet, phone, VoIP, TV, wireless, music and entertainment. Bridgevine leverages its proprietary technology platform to acquire leads through numerous sources, including search, e-tail and retail, and then offers a bundle of services from its growing base of participating merchants. The company is growing revenue by expanding its merchant base and lineup of products and services. Growth through strategic acquisitions also remains on the horizon. Bridgevine ™s advertising partners include Comcast, AT&T, Charter, Real Networks, Dlink, Vonage, Netflix, Qwest, Time Warner and Verizon. Safeguard has deployed $10 million of capital in Bridgevine since August 2007 and holds a 24% ownership position.
MediaMath, Inc. has developed the advertising industry ™s leading real-time algorithmic buying platform for display media, utilizing data and optimization for superior performance. MediaMath ™s TerminalOne?„? advertising management platform runs hundreds of campaigns across 13 billion daily impressions in 23 countries. The company was first to market with its technology in 2007 and continues to build on its advantage. Today, MediaMath is employed by agencies on many of America ™s leading brands including: 3 of top 5 banks/financial services firms; 4 of top 10 hotel brands; 2 of top 5 U.S. auto insurers; 2 of top 5 media companies; and 2 of top 5 packaged goods manufacturers. In 2009, MediaMath was named to the AlwaysOn OnMedia Top 100 annual listing of the hottest emerging companies in digital advertising and won the Advertising Networks and Exchanges category. Inclusion in the OnMedia 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Safeguard deployed $6.7 million in July 2009 and holds an 18% ownership position.
Portico Systems, Inc. offers software and services to health insurance providers that help reduce administrative, medical and IT costs; shorten the cycle for launching new products and services; and comply with federal privacy regulations. Company revenues have grown at double-digit rates over each of the past five years. Through recent acquisitions and contracts with global healthcare companies including CIGNA and MMM Holdings, Portico now serves more than 35 healthcare customers with 42 million members annually. In 2009, the company was named Emerging Technology Company of the Year by The Eastern Technology Council and was also named to the Healthcare Informatics 100 List of top healthcare IT companies in the world for the second consecutive year. Safeguard has deployed $9.3 million of capital in Portico since August 2006 and holds a 45% ownership position.
Swaptree, Inc. is an Internet-based business that enables users to trade books, CDs, DVDs and video games using its proprietary trade-matching software. Swaptree ™s innovative model has gained significant media attention, driving a fivefold increase in the company ™s user base and a 400% gain in unique-visitor totals since becoming a Safeguard partner company. In a challenging economy, Swaptree expects to continue its rapid growth as consumers look towards swapping used items as an alternative to buying new items or paying for used items. Safeguard has deployed $3.4 million of capital in Swaptree in July 2008 and holds a 29% ownership position.
SOURCE Safeguard Scientifics, Inc.