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.
Brook Venture Partners has led a controlling growth equity investment in Apogee IT Services (formerly PCNS). Apogee is a leading provider of outsourced managed IT services for firms in the SMB market that offers customers complete management of IT resources on a remote basis, including oversight of network and telecommunications, applications, security, and hardware & software infrastructure. The Company also offers cloud services, such as hosted email, storage, virtual servers, and website hosting.
Arigo Inc. (formerly RockBlocks Inc.)
Brook Venture Partners has led an 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.
Certica Solutions, Inc.
Brook Venture Partners led an 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 Venture Partners has made a controlling growth equity investment in DataMentors, LLC of Wesley Chapel, FL, a full-service data quality, data management and business intelligence provider. DataMentors holds an outstanding reputation in data management, data quality and business intelligence, serving clients in banking, healthcare, retail, and other industries. In addition to a steadily expanding roster of satisfied clients, DataMentors has been named to the highly competitive Gartner Magic Quadrant seven years in a row for data quality excellence.
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 pharmaceutical companies such as Genentech, 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 made a controlling growth equity investment in 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.
Medical Mastermind 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.
Member Benefits, LLC
Brook Venture Partners has made a controlling growth equity investment in 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 an 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.
PointCare Technologies, Inc.
Brook Venture Partners has led an 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 an 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.
RobbinsKersten Direct 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.
RSI Content Solutions
Brook Venture Fund II has made an 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 led an 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.
SilverRail has built the first global rail platform that consolidates passenger rail products from across the globe into an integrated single-source platform that removes the complexity of selling rail anywhere in the world.
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 an 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.