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Affordable Interior Systems
Brook Venture Fund and its Co-Investors led the management buyout of Affordable Interior Systems, Inc. (“AIS”) from US Office Products.AIS is a leading provider of high-quality, affordable office furniture.The successful $100 million sale to Boston-based Audax Group, provided investors with an 11X return.
Brook closed on an investment in Anodyne Health Partners of Falmouth, ME in 2006. Anodyne delivers revenue cycle solutions to healthcare provider organizations including business intelligence (BI) software and services. The company’s BI solution, offered to large provider enterprises, is delivered through a software-as-a-service model over the internet, and is creating a fundamental shift in the manner that healthcare business professionals access business information in their practice. Anodyne was sold to to athenahealth, Inc. (NASDAQ: ATHN) for $30 million in Oct 2009.
Arigo Inc. (formerly RockBlocks Inc.)
Brook Venture Partners has led a $5 million investment into Arigo Inc. of Wayland, MA. Arigo offers a complete global sourcing and supply solution that enables companies to effectively source goods from any country and manage the flow of products and information across international borders to any destination in the world.
Brook Venture Partners has closed a $3.5 million dollar investment in BabyAge, Inc; the operator of BabyAge.com, a leading e-commerce retailer in the infant and juvenile category. The company sells the products of over 400 manufacturers and sells it own products under captive brands “Today’s Baby”, “Today’s Tot”, and “Today’s Mom”. Founded in 1999, BabyAge has strived to meet the needs of parents and parents-to-be. BabyAge makes shopping on-line quick and simple, distinguishing itself from other online retailers by assuring all in-stock products bought today, are shipped today.
Brook Venture Partners has made a $1.5 million investment into Bioscan, Inc. The Company develops and provides molecular imaging equipment, radiochromatography detection equipment, and equipment for PET and nuclear medicine, as well as reagents required for specific research modalities. Founded in the 1980’s as a nuclear medicine instrument manufacturer, the Company has expanded into new areas during the last five years that constitute a majority of the Company’s sales today.
Certica Solutions, Inc.
Brook Venture Partners closed a $3.3 Million investment in Certica Solutions, Inc. of Wakefield, MA, the leading provider of K-12 data certification software solutions. Certica supports education agencies at the federal, state and local levels, delivering a pro-active, systematic approach to data validation, reporting and monitoring. The company’s solutions enable education agencies to maximize funding, streamline information management processes, and optimize regulatory reporting and compliance.
Brook has closed on an investment in HistoRX of New Haven, CT. HistoRX has commercialized a technology originally developed at Yale Medical School used in the development of targeted drug therapies which are driving the evolution of personalized medicine. The Company’s new generation of predictive companion diagnostic tests can rapidly identify, validate and spatially map proteomic biomarkers in tissue samples, and diseases. HistoRX’s customers, which include well known pharmacheutical companies such as Genetech, Lilly, and Pfizer, use the Company’s diagnostic test in the development of individually targeted drugs.
Brook Venture Fund and its Co-Investors led an investment in convertible preferred stock of IMN (formerly IMakeNews).IMN provides a newsletter publishing tool (ASP) that facilitates the electronic publication of a newsletter with ease. The company’s software also facilitates content management as well as content sharing.Brook sold IMN to NorthBridge Growth Equity in May of 2008 for a 6X return to investors.
Intac International, LLC
Brook Venture Partners has aquired Intac International, Inc., a Massachusetts-based company providing fully integrated ERP & Business Automation Software for small to medium field service companies. Intac International is the maker of Wintac, a fully integrated business automation software catered to field service contractors, mechanical contractors and oil delivery companies. The Company has approximately 6,000 customers and over 30,000 users spanning every state and several countries. The software handles features such as CRM, scheduling, dispatching, standard costing, accounting, equipment tracking, inventory management, accounts payable management, automatic billing, certified payroll reporting, and an online web portal for the remote workforce.
Laser Projection Technologies
Brook Venture Fund made an investment in convertible preferred stock of Laser Projection Technologies. The company assembles and distributes a laser projection and supporting software system that is used in (for example) advanced composite manufacturing in the aircraft and marine industries.
Lexington Software Associates
Brook Venture Fund and Co-Investors made an investment in convertible preferred stock of Lexington Software Associates. Lexington provides services in the area of software management configuration tools. A year later Lexington was acquired by Interwoven, Inc. which subsequently went public in October, 1999, and Brook Fund sold its interest in February, 2000 for gain of approximately 10X its investment.
LW Robbins Associates, Inc
L.W. Robbins Associates is dedicated to helping nonprofit organizations acquire and cultivate loyal donors, and raise more net income to support their missions. A full service direct response fundraising provider, Robbins has been exclusively devoted to the nonprofit community for over 35 years.
Member Benefits, LLC
Brook Venture Partners has acquired Member Benefits, LLC, a New Hampshire-based firm providing membership acquisition, retention and loyalty marketing services to non-profit clients. Member Benefits provides the MemberCardTM program with benefits including retail discounts, dining discounts, and discounts to cultural venues. Public media and non-profit clients can purchase the MemberCardTM to assist in their membership marketing activities. The Company is a leading provider of benefit card programs to the public media industry with over 115 Public Radio and TV broadcasters using the program currently.
Mobile Medical International Corp.
Brook has led a $4.1 million investment in Mobile Medical International Corporation (MMIC) the creator and manufacturer of self-contained hospitality and surgical units which are modular in design and equipped with the latest medical, diagnostic, laboratory and communications equipment which meet or exceed all necessary surgical standards. MMIC units provide mobile medical facilities for hospital renovation, physician and healthcare organizations, correctional institutions and international emergency response, and the armed forces for governments throughout the world.
Brook Venture Fund and Brook Co-Investment, LP led an investment into convertible preferred stock of PhotoSecure, the developers and marketers of patented photoluminescent inks and dyes which can be applied to practically any surface (e.g. paper, plastic, metal,) using traditional printing methods to address the worldwide counterfeiting crisis.
PointCare Technologies, Inc.
Brook Venture Partners has led a $3.6 million investment into PointCare Technologies, Inc. PointCare Technologies, Inc. is a fully integrated, privately held, ISO-certified medical diagnostics company that invents, develops, manufactures, and markets FDA 510(k) medical diagnostic products with the mission to deliver better diagnostic care to disadvantaged populations worldwide.
Brook Venture Partners led a $6.5 million investment which financed the acquisition and recapitalization of Relevate from Gannett (NYSE: GCI). Relevate, based in Springfield, VA, is a leading data and information management company specializing in data enhancement and the appending of consumer and business data. The Company, founded in 1980, provides a comprehensive package of database marketing services to numerous vertical markets in the direct marketing industry.
Repromedix intends to enhance the quality of reproductive healthcare by being the pre-eminent source of diagnostic laboratory information for practitioners in the field of reproductive medicine.
RSI Content Solutions
Brook Venture Fund II has made a $1.8 million investment in RSI Content Solutions a Norristown, PA based provider of world-class content solutions and services to publishers, media companies, and other content-centric businesses. The Company’s flagship product, RSuite, is a content management system (CMS) that facilitates the creation, management, re-use, and distribution of digital content.
Brook Venture has lead a $7.1 million investment in Security Innovation, an authority on software security and leading independent provider of IT risk management software and educational services to mid-sized and fortune 500 companies. Global technology vendors and enterprise IT organizations such as Microsoft, IBM, FedEx, ING, Symantec, Visa, Coca-Cola and GE rely on SI’s expertise and suite of tools to understand the security risks in their software systems and facilitate the software and process change necessary to mitigate them.
Software Unlimited has a 20 year track record of providing integrated Healthcare IT (HIT) solutions and a high level of service and support to over 4,000 doctors primarily in the US Mid-Atlantic region. The company provides an integrated Electronic Medical Records and Practice Management suite which enables physicians to cost effectively automate their patient records, scheduling, billing and patient registration.
Brook Venture Fund and its Co-Investors made an investment in convertible preferred stock of Spectral Dimensions, Inc. Sustainable Jobs Fund is a co-investor. Spectral Dimensions, Inc. is a developer of proprietary infrared chemical imaging instruments providing high volume/throughput chemical testing, screening, and analysis.
Texterity is a full service provider of digital and mobile publishing solutions, which include digital editions of magazines, catalogs and publications and branded mobile apps for iPhone, iPad and Android.
Brook Venture Fund and its Co-Investors made an investment in convertible preferred stock of Universal Software Corporation. Universal provides highly skilled software programmers and engineers (mostly Indian nationals) to mid-to-large sized corporations in the U.S.
Verge Solutions, LLC
Brook Venture Partners has led a $4.5 million investment in Peminic, Inc., a Philadelphia, PA based healthcare IT workflow process management software company focused on healthcare providers across the continuum of patient care. The Company’s platform is a leading solutions provider in the areas of patient safety & quality, patient relations, risk management and legal services.
Brook Venture Fund and Brook Co-Investment, LP have completed an investment into convertible preferred stock of Wandrian, Inc. Wandrian operates several websites and “powers” 7 of the leading 10 rail websites which facilitate booking of rail travel in Europe and the United States. Wandrian is developing the first Rail Global Distribution System (“GDS”) which will revolutionize the booking of rail travel, and establish Wandrian as the Orbitz or Expedia of the rail travel world.