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Home > Features > The Pitch

The Pitch
May/June 2006, By Candy Campbell

For the last 23 years, the Venture Capital in the Rockies conference has been the signature fund-raising conference in the Rocky Mountain region.  A full day of presentations from companies looking for venture capital,  followed by a day of legendary skiing makes for a great conference.  With attendance above 320 this year, and approximately 100 were investors including a number from out of state, investing in Colorado has never looked so promising.

This year’s notables included the Honorable Mayor John Hickenlooper who was found among the presenters, sponsors and attendees at the first evening’s cocktail reception. A testament to great leadership at the government level, actively promoting business and growth.

In this town, when more than half of the 24 companies presenting could land financing over the next year, that is significant progress from past years. The allure for venture capital firms is the rigorous pre-screening these companies go through before presenting at a three day conference at the Ritz Carlton in Beaver Creek. 

From Collective Intellect who hopes to sell its service to stockbrokers and mutual hedge funds to AccuCode, which uses bar codes and radio frequency identification (RFID) to help airlines track mail shipments, the caliber of companies at this year’s conference was top notch.

A significant point to make is the majority of presenting companies began as startups but most post profits in upwards of $10M. That lays the groundwork for optimism as investors and executives touted Colorado’s venture capital strength. Last year, Colorado netted more than $600 million in investments.

Those kinds of numbers not only draw out the state’s more active venture capitalists, but open the doors for many out-of-state investors who attend the conference which measured about 50 in this year’s attendance, an increase of 35 percent from last year.

It does help to have a little notoriety. Last year, an investment of $108 million in Webroot Software made David Moll, CEO a difficult act to follow. Webroot, who made the press as the biggest deal in Colorado in 2005, is definitely a success story for the opportunities and talent Colorado is engaged with.  Reporting annual revenues upwards of $100 million these days, certainly, Colorado hasn’t seen its last great deal.

With the change in corporate structures, many of the emerging companies get a fantastic start by recruiting veterans and top talent. Charlie Sander, the chief executive of Boulder-based Confio comes with over 25 years of experience in product development and building customer relationships with management experience from none other than Seagate.  Sander is a computer industry veteran with over 25 years of experience in product development, business management, and building customer relationships. Prior to joining Confio as an investor and CEO in May 2004, he spent 15 years with Conner Peripherals/Seagate Technology. At Conner he was Senior Vice President and GM of its Personal Storage Group helping the company become the fastest ever to reach the Fortune 500. After a successful merger with Seagate in 1996, he became SVP of New Product Development heading up Seagate’s design centers in Colorado, Minnesota, Oklahoma, and Singapore. During Sander’s tenure, Seagate attained market dominance and received numerous accolades for its product lines.

That kind of experience speaks volumes to the investors that have shown record attendance in the last two years of the conference as well as investment placements throughout the year.

This year, through a non-official poll with investors, about six companies stood out above the presenters. Needless to say, the top picks also included a number of companies that looked promising.


Tim Harvey, CEO
XAware, Inc.
Colorado Springs
www.xaware.com

A successful repeat entrepreneur and angel investor, Bill Miller continues to play an active role in XAware having served as the company’s CEO from 2002 to 2005. Bill previously founded StorageNetworks, Inc. where he served as CTO, growing the company in three years to $130 million in sales, and a successful IPO in 2000.

XAware, Inc. is a privately held enterprise software company that provides life cycle management solutions for the modeling, manufacturing, monitoring and management of Service-Oriented Architecture (SOA), including SOA application components for vertical industries and governments. SOA enables a company to use a componentized approach to building agile software applications. XAware enables success for the business SOA model by bridging the gap between business processes and IT.

Adding to its board, Gubernatorial candidate Marc Holtzman has been named an outside director.  A Republican, Holtzman, 45, previously served as president of the University of Denver and as Colorado's first Secretary of Technology in Gov. Bill Owens' Cabinet.


Charlie Sander, Chairman and CEO
Confio Software Corporation
Boulder
www.confio.com

Located in Boulder, Colorado, Confio Software is a leading developer of IT performance tools that find and eliminate inefficiency in customer infrastructure, unlocking the true value of their investment. Using a unique Wait-Time analysis, Confio software optimizes database performance by measuring how long it takes to complete each portion of a task. Confio’s Wait-Event based Resource Mapping Methodology (RMM) enables the company’s DBFlash software product to resolve the most difficult Oracle database problems and reduce the cost of Oracle operations.

Former head of new product development for Seagate Technology Inc., Charlie Sander took the helm at Confio Software in 2005.  Sander led a group of private investors to fund the infrastructure optimization and productivity software company, and began serving as Chairman and CEO in May of 2005. “It’s a very exciting time in the IT industry,” said Sander. “With tight budgets and a drive to do more with less, the need for increased infrastructure productivity has reached critical mass. Confio’s technology is perfectly suited the meet this challenge, empowering companies to gain more leverage from their IT investment.”

Today, IT managers have mapped and fine-tuned processes and are starting to realize the true productivity gains of the Internet Age, Sander explained. But now they want to better utilize what they have without the high costs of adding future infrastructure.

“Confio’s technology gets more performance out of existing hardware and software by eliminating performance constraints within big applications running real time in the enterprise,” said Sander. “Finding the bottlenecks fast and effectively is an industry pain point, and solving that problem is our passion. With Confio’s core technology, we think we can do that better than anyone else.

Confio was recognized as the top new software company in Colorado last year when it received the “Rookie of the Year” APEX Award from the Colorado Software and Internet Association.

J. Mark Elder, President
Aztek Engineering, Inc.
Boulder
www.aztek-eng.com

Aztek Engineering has developed a new family of network elements named “Access Star” for the integration of legacy and next generation IP-based networks. Founded in 1982, Aztek Engineering has historically provided custom engineering services to telecom equipment providers and is leveraging its existing products as a technical foundation for this new product family.

An internationally respected leader in design and implementation, from concept to product realization across a broad range of telecommunications technologies, Aztek’s global customer base includes Lucent, Ericsson, Samsung, Alcatel, Nokia and carriers worldwide.

Aztek is pioneering a new portfolio of flexible, economical network elements that allow carriers to smoothly transition from the legacy Access Networks of today into the Converged Access Networks of the future.

According to Aztek, the telephone network worldwide is undergoing a fundamental restructuring that involves replacing the traditional hierarchy of conventional switches with a much smaller footprint of inexpensive IP-based infrastructure. This market dynamic has created demand for a product family comprising an essential new class of network element that resides in the terminal  reaches of the access network and integrates the “Next Generation” IP technologies with the legacy network while selectively providing “Emergency Stand Alone” (ESA) services. ESA provides the capability for continuing telephone services within the local community when the access system is isolated from the greater network; for example, during a natural disaster.

Mark Elder, Founder and President has been recognized as an authority on access technologies. From inception Aztek has been internally funded through retained earnings, and has invested more than $8 million to date in product development. In February, the company signed a multi-year, multi-million dollar OEM agreement for Access Star, the product family based on a single, proprietary, hardware platform that provides essential services to new and installed systems at the intersection of legacy analog telephone services, conventional transport, and evolving IP technologies.


AccuCode, Inc.
Denver
www.accucode.com

AccuCode, Inc. provides business process automation services through their hosted solutions and IT infrastructure that provide visibility of product, items, assets, orders, shipments, inventory, people and processes to global organizations.

A 10-year old, $10M software developer, systems integrator; and VAR specializing in wireless networking, mobile computing, bar code and RFID technologies, Kevin Price, CEO at the age of 26 founded AccuCode in the basement of his home.  Recognized by the Inc 500 and Deloitte & Touche Fast 50 as one of the fastest growing technology companies in the United States, AccuCode’s solution has attracted 11 of the largest airlines in the world as customers and has generated over $2M in software, services and hardware revenue.


David Rice, President and CEO
AdPay, Inc.
Englewood
www.adpay.com

AdPay, Inc. creates electronic marketplaces from newspaper classified advertising and local merchant online storefronts. AdPay’s customers are newspapers and media groups that offer AdPay services branded as their own to their end users.

Founded in 2002, this pioneer in providing e-commerce-enabled classified solutions to the newspaper industry, AdPay’s customer base has grown to include newspapers representing 25% of U.S. print circulation, more than 30 of the largest newspapers in the U.S., and several of the nation’s leading media groups.

AdPay serves the newspaper industry with its Click-N-Buy Classifieds™ product that enables newspapers to compete in the online domain with both classifieds, and online stores for small local merchants. According to AdPay, in the U.S., classifieds represent over $15 billion in annual revenue to newspapers—all of which is under attack by online competitors such as Google, Craigslist, and other Internet companies’ free classified listings. More significantly, the 100 million classified advertisements placed in U.S. newspapers each year have immense value for newspapers today and in the future as it is content that attracts high volumes of online traffic and is easily categorized for lucrative contextual online ad placement (e.g. banner ads and text ads).

David Rice, better known for his contributions to revenue and profitability growth in public and private companies, most recently as the General Manager /VP Marketing for Rogue Wave Software and COO for bConnected Software, Rice has secured some of the nation’s leading media groups for AdPay including The McClatchy Company, The E.W. Scripps Company, Belo Corporation, Media General, Inc. an the New York Times Company.

Our vision is to extend the historical role of the newspaper and place them at the center of online commerce in their local area,” said Dave Rice, AdPay’s CEO. “The rapid acceptance of Click-N-Buy is proof of its revenue generating potential for newspapers and its ease of integration with their existing systems.”


Luke Beatty, CEO and Founder
Associated Content
Denver
www.associatedcontent.com

Associated Content is a web and wireless content publisher and provider. The company is developing proprietary publishing technologies and organically building a collection of talented multi-media Content Producers that use the technologies to produce text, voice and video content.

Founded in 2004, Associated Content was launched to establish a global leadership position in the online and wireless content publishing space. To take this position, Associated Content is developing three core assets: a powerful multi-format content publishing platform, a user-generated library of quality multi-format content for web and wireless delivery, and a unique and diverse group of Content Producers who add to this collection every minute of every day.  Generating revenue as a publisher of its own content as well as through licensing and syndicated content as a third-party content provider, Associated Content has

Adding to the roster of amazing talent, Luke Beatty, founder of Associated Content, spent time on the executive management team at Wand, Inc, a closely held corporation in Denver and a leading developer of online directory, search and advertising taxonomies and technologies. WAND’s ontology-driven applications power some of the world’s largest business to business and consumer online directory and search platforms, many used by Fortune 500 companies.

Of course, recruiting Tim Armstrong who presides over Google’s North American advertising sales and operations teams, as the company’s Vice President of Sales and Strategic Partnerships, was an asset. Armstrong has been named one of the top “100 People to Know” for global media by Media magazine and was awarded a Media Maven Award by Advertising Age Magazine in 2004.

 “We are reinventing the way individuals and enterprises publish web and wireless content,” says  Beatty. “To do so, we are developing a proprietary publishing platform and organically building a collection of talented multi-media Content Producers that submit text, voice and video content assets every minute of every day. Our Publishing Platform delivers content that is valuable to the user and optimized for discovery and revenue generation. “

Associated Content secured $5.4M of Series A capital equity in 2005. Leading the investment round was NYC-based independent venture capital firm SoftBank Capital. SoftBank focuses on high-growth technology-based businesses that are benefiting from the rapid deployment and adoption of broadband and mobile technologies.


Cogito, Inc.
Salt Lake City, UT
www.cogitoinc.com

In the 17th century, Rene Descartes uttered the now famous line “Cogito Ergo Sum” or “I think, therefore I am”. Almost four centuries later, Cogito was founded, focused on a new mathematical way to structure and query complex data and named in honor of the man known as the Father of Modern Mathematics.

Cogito provides a software solution for data mapping, modeling, visualization, query, and analysis. The Cogito Knowledge Center 2.0 can be applied to a broad range of endeavors including intelligence and security, manufacturing, bioinformatics, social networking, change and configuration management.

Don Springer, President and CEO
Collective Intellect
Superior
www.collectiveintellect.com

Collective Intellect provides trading intelligence solutions to the financial services market. They are a provider of investor sentiment information with a mission to collect, analyze, and sell this information to quantitative investment fund managers.

New media content is too large for institutional investors to efficiently and effectively process. According to Collective Intellect, there are currently hundreds of message boards with tens of thousands of daily postings, millions of blogs, and billions of web pages, with thousands of new media data sources emerging daily. Often the new media breaks information first, hours and sometimes days before traditional media. However, new media’s valid information is accompanied by a tremendous amount of irrelevant noise. Institutional investors need to discern which information can be used to more effectively support their trading needs.

Using a patent-pending proprietary artifical intelligence engine and statistical language processing, Collective Intellect automatically reads and analyzes new media quickly to identify the important informational events that can impact an investor’s portfolio and trading strategies. Once these events are identified, Collective Intellect organizes the most insightful and relevant postings so institutional investors can quickly read and process ‘first hand’ what the new media is saying.

Don Springer has a track record as a successful entrepreneur who founded two previous companies and returned 500+% to his investors. Prior to Collective Intellect, Springer was the General Manager of the Business Process Optimization Group at webMethods and a co-founder of Dante Software, a venture capital backed company that was acquired by webMethods (WEBM) in the fall of 2003. To add to his string of ventures, prior to Dante Software, Springer co-founded  iauthentic, a natural products e-commerce portal acquired by Whole Foods Markets in 1999. Lending to his expertise was a great track record at companies like Silicon Graphics, Booz Allen Hamilton, and Augat Inc., an electronics component manufacturer now part of Tyco.  

“Collective Intellect’s management team has a proven track record of seizing opportunities in dynamic markets,” said Phillip Dignan of Appian Ventures who in February closed its Series A financing with an investment by Appian, bringing the round to $2.6 million.

  “We’re dealing with the concept of exploding securities data, on the web, where every investor’s two cents represents a potential shift in market value.  The timing of this opportunity is ideal.  Collective Intellect is seizing the initiative in the securities industry as its biggest players uniformly press for real-time analysis up and down the New Media spectrum.” Mr. Dignan added.


CoMet Solutions, Inc.
Albuquerque, NM
www.cometsolutions.com

CoMeT Solutions, Inc. provides software-based solutions to create a virtual work environment in which engineers can define and solve complex engineering problems – using virtually any CAD and CAE application. CoMeT’s software brings all the customer’s point solutions together into a single, coherent view of all the engineering analysis data and processes.

CreekPath Systems
Longmont
www.creekpath.com

Creekpath, the first vendor to create an intelligent analytical and business management framework for enterprise storage assets, unveiled Creekpath Acuity TM, a next-generation information technology (IT) asset and service management solution for data storage infrastructure. Creekpath Acuity is the first solution to align storage-related metrics and business concerns, helping IT executives mitigate the risk of misconfigured networks or capacity shortages, while avoiding unnecessary spending and dramatically raising return on assets.

"The time is long overdue for a vendor to provide visibility and insight into the storage environment, and present a business-relevant view of what is really happening. IT executives are business people who need to know in concrete terms the return on storage assets, not how many I/O's a second a particular box can run," said Steve Duplessie, founder and senior analyst at Enterprise Strategy Group. "Creekpath's vision for business analytics on top of the vast wasteland of storage components provides a ray of hope that IT executives can actually accomplish the holy grail of clearly seeing storage through a business lens."

"Traditional storage resource management (SRM) software is targeted solely at the needs of storage administrators; at best, it can save corporations hundreds of thousands of dollars. In stark contrast, Creekpath Acuity saves millions of dollars per year by improving the quality of business decisions made by IT executives who are accountable for budget and service delivery," said Mark Davis, president and CEO of Creekpath. "Acuity brings into sharp focus the business issues that CIOs, CFOs, infrastructure VPs, architects, and capacity planners grapple with, delivering for the first time a solution that brings storage to the business table."


Dedicated Devices, Inc.
Boise, ID
www.dedicateddev.com

Dedicated Devices is focused on delivering innovative and easy-to-use digital home networking solutions to the new residential home market. Their product is the center of a home's digital infrastructure, and provides an easy way to manage, access, and share digital content.

DDi develops innovative digital media solutions that enable simple to use home entertainment and data network systems. The DDi solution, first shipped in March 2005, is composed of the DDi Media Server, uniquely designed for easy installation in a standard wiring cabinet, resides at the center of a new home’s digital infrastructure, essentially becoming the “fourth utility” and making it simle for the homeowner to access, publish, share and manage digital information in any room equipped with a DDi Media player. 

Named Best Home Networking Device of 2006 from the National Association of Home Builders and Best Structured Wiring Device of 2006 from Consumer Electronics Association.


Groople, Inc.
Centennial
www.groople.com

Groople is an online travel marketplace that specializes in group travel. Their website allows customers to plan and book travel for their group in real-time.

Groople facilitates group bookings online by automating the research process, and providing real-time rate and availability through direct connections to travel suppliers for actual bookings. While Groople’s focus is on “unmanaged group” travel (particularly the 5-25 group size), they have the capability to accommodate the needs of any size group.

An impressive management team includes Michael Stacy, CEO. Formerly of Travelocity, Cendant CheapTickets and Microsoft as well as David Loy, Founder and President, formerly of Discover America, Trip.com, eBags, and Concinnity Partners.

HomeSphere, Inc.
www.homesphere.com

HomeSphere is a hosted service provider to the residential construction industry and its supply chain. Its services address supply chain operations inefficiencies helping homebuilders reduce construction cost and building material manufacturers gain market share.

HomeSphere is the leading software-based solution provider to the $370 billion dollar homebuilding industry with a focus on cost management and purchasing efficiencies. The HomeSphere-hosted suite of rebate-management programs helps forge strong and productive relationships between builders and manufacturers. Amassing a customer base of 2,000 homebuilders including some of the top companies in the industry, HomeSphere has forged long term relationships with over 60 manufacturer brands representing several hundred building material products. In 2006 the company will process rebate claims between these builders and their manufacturers for more than 100,000 new homes.

Alfred Kahn IV, CEO
IP Commerce, Inc.
Denver
www.ipcommerce.com

IP Commerce, Inc. is a software services company that has developed an IP Payments Platform which allows payment services to be easily bundled, provisioned and managed across IP payment networks.

With serial entrepreneur and founder Alfred ‘Chip’ Kahn IV, the company raised $2.2M in a Series A equity financing in 2005 and an additional $2.5M from insiders in convertible debt financing.

First to market with a commercial payment-s focused software services grid, the IP Payments Framework or “IPPF” enables payments over Internet Protocol (PoIP). It is the next and perhaps the most valuable embodiment of the processing and communications power of the internet according to IP Commerce.

IPPF is a partnership system that allows existing and emerging players in electronic payments to participate in an ecosystem where they can build market share and improve customer loyalty by offering a wider array of payment services that lead to greater revenue opportunities and profitability.

According to McKinsey & Company, the payments industry in 2004 generated $206 billion in revenues. It is larger than many better know industries (airlines was $134B, lodging was $114B, personal computers was $60B  and film and music was $48B). The NII generated about half of that revenue, giving an estimated total market available to IPC a significant portion of $100 billion annually.

IPPF accesses existing nodes of the National Information Infrastructure such as authorization and settlement networks involving credit card processing, stored value platforms, the Federal Reserve system used by banks for electronic bank transfers, check processing, automated clearinghouse transfers, and other nodes. However, IPPF utilizes the “Payments Transaction Layered Switching” or “PTLS” specification. PTLS is a message interface that acts as a wrapper for multiple payment service classes and enables any software socket to be provisioned and activated with those services in real time using service orientation.

iPosi
Greenwood Village, CO
www.iposi.com

iPosi provides precise web-geolocation for VoIP and IP devices. They will operate a scalable, mission-critical, distributed Internet positioning service platform interacting with iPosi-enabled VOIP/IP end-devices.

CEO Rich Lee spent 30 years with Motorola, US West/AirTouch Cellular among others. The company plans to insert its technology consistent with industry practices, and initially address CALEA and E911 mandates with which carriers and service providers must comply. The iPosi approach according to the company, is less expensive and faster to deploy than proposed alternatives because it is globally scalable –a point that appeals to device manufacturers and network service providers.

Phiar Corporation
Boulder
www.phiar.com

Phiar Corporation has developed proprietary, thin film Metal-Insulator-Insulator-Metal (MIIM) electronics technology that can be applied to ultra-high-speed electronic and terahertz-wave components. Phiar produces and sells components to system integrators, and also licenses its technology to users.

An early-stage, fables electronics company that is developing novel metal-insulator devices for use in gigabit-wireless communications, medical imaging, radar and other applications, Phiar currently has a joint development agreement with Motorola.

PicoLight
Louisville
www.picolight.com

Steve Hane, President and CEO, formerly of LighPointe and ADC Telecommunications, in conjunction with Founder and CTO Jack Jewell, a pioneer in the development of VCSEL technologies, formerly of Vixel Corporation and AT&T Bell Laboratories and owner of 50 US patents, have created an innovative designer and manufacturer of optical transceivers and components for high-bandwidth optical systems. 

Leveraging a strong IP portfolio in Vertical Cavity Surface Emitting Laser (VCSEL) technology, PicoLight products offer substantial cost and performance advantages over traditional laser technologies, addressing the demand for increasingly higher density, higher bandwidth optical port configurations required by next-generation optical systems.

With over 23M in revenues in 2005, PicoLight effectively completed a $27.5 million funding effort, with the addition of $14.5 million in a combination of new equity investment and debt financing. Projected revenues for 2006 are at $38.6M and the company hopes to raise an additional $10M to accelerate organic growth.

ProStor Systems, Inc.
Boulder
www.prostorsystems.com

Founded in May 2004, ProStor Systems develops, manufactures and markets RDX(TM) technology, the industry's first removable disk cartridge technology to replace tape storage for backup, disaster recovery and archive applications. RDX(TM) technology brings enterprise-class reliability and data protection to servers, networks and professional workstations. ProStor Systems is venture funded by New Enterprise Associates (NEA), Boulder Ventures and Western Technology Investment.

RMD Networks
Englewood
www.rmdnetworks.com

RMD Networks provides healthcare connectivity solutions that streamline communications and enable collaboration between communities of physicians and their service providers. RMD is expert at securely inter-connecting distributed practices and disparate systems by building Collaborative Care Solutions™, working closely with customers, partners and the healthcare industry to ensure that they address critical communications needs.

Rose Medical Group, a Colorado-based physician-hospital organization with a reputation for high-quality healthcare and customer service, has more than doubled its Rose
Communications Network user base since its installation in 2003. Built by RMD Networks, Rose Communications Network is Denver’s first collaborative care network and features more than 340 affiliated physicians.

RMD Networks provides Rose Medical Group with a secure communications and collaboration system. Branded Rose Communications Network, this technology connects physicians and their staff, patients, laboratories, hospitals and other healthcare
service providers with a HIPAA-compliant, user-friendly system that significantly improves the quality of care by reducing operational costs and boosting efficiencies in the delivery of overall healthcare.

Solidware Technologies
Boulder
www.solidw.com

Founded in 2004, Solidware is developing an integrated software quality platform, selling to enterprise software architecture and quality assurance executives.  Leveraging its experience in semiconductor and mechanical CAD, Solidware has developed a radical new approach, an analytical test platform which focuses existing test infrastructure on code that matters, and code at risk, enabling customers to improve quality and predictability while minimizing cost and risk.

The company launched Splat in 2005, an SQA product (software quality assurance) that helps identify software defects through visual analysis of the source code. 

Sue Kunz, President and CEO estimated the market for automated testing tools is in the $6 billion to $8 billion range, because defects are increasing as code complexity rises, and as users become less tolerant of software that doesn’t work the way it should. “There are lots of problems to solve and not a lot of [automated testing products] out
there,” she asserted.
The company initially is putting Splat out for free, but will move to a subscription model, including a perpetual license with maintenance option.

THINK Subscription
Provo, UT
www.thinksubscription.com

THINK Subscription is a software company that provides subscription management and fulfillment software solutions to content publishers, online service providers, media vendors and other subscription-based businesses. THINK Subscription’s core product is THINK Enterprise, a comprehensive, scalable solution that manages both online and physical subscription and fulfillment processes.


TurnKey Solution Corporation
Denver
www.turnkeysolutions.com

TurnKey is a leading provider of automated testing products and SQ methodology for complex ERP & CRM Applications. TurnKey provides out-of-the-box pre-automated, pre-configures functional software content for Oracle 11i (in production) and SAP (in beta) enterprise environments.

The company has a 15 year services history complementing the 2005 introduction of a new product leveraging the next generation automation software tools from Mercury (NASDAQ: MERQ). The company has entered into a 3 year inclusive co-sales and product development agreement with Mercury.

Bruce R. Heubner, President and CEO of Turnkey, joined the company in 2005 with thirteen years of management experience stemming from Microsoft Corporation. In January 2006, TurnKey announced its’  membership into the Oracle Partner Network. The company has worked with Oracle Applications Customers for more than five (5) years and elected to formalize it’s partnership with Oracle.

Venafi, Inc.
Draper, Utah
www.venafi.com

Venafi, Inc. delivers Enterprise Encryption Management (EEM) solutions and products that reduce exposure to data compromise and improve information risk management. Their solutions are relied upon to protect critical information assets by organizations in financial services, insurance, telecommunications, online services, and other industries.

WhiteCell Software, Inc.
Fort Collins
www.whitecellsoftware.com

WhiteCell Software is a developer of network security software products that automatically maintain a list of approved software applications to protect the consumer desktop to the enterprise server from virus attacks, intrusion and malware.

Worldwide, the market for security is estimated at $6.6 billion in 2005, and growing to $11.4 billion in 2009, even while providing inadequate protection as evidenced by the 2005 Crime Survey, which conservatively estimates the losses from security alone at over $67 billion. In addition, the business losses experienced by the loss of productivity, failure to properly enforce license polices add significantly to the total available market that WhiteCell Software’s programs will tap into.



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