MELVILLE, NY--(Marketwired - Feb 20, 2015) - The Long Island Capital Alliance ("LICA"), Long Island's leading non-profit capital formation and business development organization, today announced the successful completion of its Technology Capital Forum held on Friday, January 30, 2015. The event brought together presenting companies, investors and business advisors to help accelerate the growth of technology businesses on Long Island.
Six local technology products and services companies presented their business plans to an audience that included venture capital firms, investment banks, private equity firms, angel and individual accredited investors. Each of the companies LICA selected for presentation at the capital forum possesses unique intellectual properties with catalysts for significant growth. Corey Massella, President of LICA, moderated the panel of industry investors.
"We are gratified that this event had one of our highest turnouts ever, for a strong group of some of the most exciting technology companies in the region, an impressive investor panel and a special keynote speaker," said Neil Kaufman, Chairman of LICA. "The number of investors and other business leaders who attended the event was among the highest level in our history. We appreciate the growing investment community support for our mission of promoting business development on Long Island. We also would like to express our appreciation to Russell Artzt, co-founder of CA Technologies, Inc. (NASDAQ: CA), who provided a keynote address at the forum. His discussion of the founding and growth of CA Technologies, then known as Computer Associates, and its current involvement in Big Data, which is impacting the entire technology ecosystem, was extremely relevant to the new generation of business executives and innovators presenting at and attending our event."
Commenting on the event, Robert Kwasnicki, Director of National Marketing Strategy for presenting company Win-Win Solutions, said, "Thank you for the invitation to present at the Technology Capital Forum. We enjoyed meeting many great people and the other presenting businesses, as well as the engaging keynote by Russell Artzt. We look forward to engaging with interested investment parties and future opportunities working with the Long Island Capital Alliance."
Robert Corbett, an investment officer from E Squared Asset Management and a panelist at the Technology Capital Forum, said, "It was a very worthwhile experience; we have already met with two of the companies. It was also helpful to meet the other panelists; we may work together in the future. I was glad to hear so many local Long Island entrepreneurs are doing great things and to have it showcased in this forum. Where else can you find out about these companies?"
Peter J. Fiorillo, President and CEO of presenting company RiskBusiness, Inc., stated, "RiskBusiness found the capital forum to be a highly professional and beneficial event. We have already met with three investor groups that we met at the forum, and anticipate the possibility of raising growth capital from at least one of them that will enable us to effectuate our business plan. We thank LICA, and especially LICA's chairman and our LICA 'coach', Neil Kaufman, for inviting us to participate and assisting us through the process of building a world-class technology company right here on Long Island."
Janet Dwyer, CEO for presenting company Talent Browser, said, "It was an excellent experience -- particularly the coaching aspect. This is what differentiates LICA from the others, the focused attention on us and what we are trying to say. The feedback from the LICA coaches on our pitch deck was invaluable. The mentoring is amazing. It was very organized and a great experience."
Technology Capital Forum Presenting Companies
Open Capital Exchange: OCX is an online lending platform for small businesses. The Company has created a local syndicate model that taps into existing networks for participants.
Risk Business: Risk Business is an international risk advisory firm specializing in the design and the delivery of operational and enterprise risk management solutions including filtering unstructured data.
Talent Browser: Talent Browser is a cloud-based recruiting efficiency tool for use in any company that processes a lot of jobs and candidates. It's huge challenge to effectively filter incoming resumes and search in-house databases. Talent Browser solves this problem with ease, sophistication & elegance. Its job matching software allows companies and candidate to filter unstructured data such as resumes more effectively identify matches.
UB Sports: UB Sports' portal system and social media network is designed for athletes, their fans, families and coaches. The mission of UB Sports is to build a complete online sports community for all sports that will enable users to reach their own athletic goals, be surrounded by friends and teammates throughout the year, provide all the video and written content needed to win, and to really enjoy sports life, every day of the year.
Urgent Consult: Urgent Consult has a cloud-based platform created by doctors for doctors that revolutionizes the referral process by bringing all aspects of a referral workflow to one easy-to-use system. The platform is unique and offers the ability to send, track, and manage referrals, safely and securely share patient information, expand referral networks, improve communication and efficiency, increase patient compliance and satisfaction, and grow healthcare practices.
WinWin Solutions: WinWin has created a thriving online community of businesses who work and grow together through social media, improving the efficiency of business networking. Founded in 2011, WinWin is a company driven by an inspired group of creative entrepreneurial personalities who believe that by connecting and collaborating, the business owners, executives and managers of the United States can reclaim their independence, drive business and find success and balance in their lives.
Technology Capital Forum Panel of Industry Investors
The following investment professionals participated in the panel discussion at the Long Island Capital Forum:
Chuck Auster, Auster Capital Partners: Auster Capital Partners is a Venture Capital/Private Equity firm with a specialization in small and mid-tier companies in high growth markets. Mr. Auster has more than 30 years of experience creating value through entrepreneurship, large corporate executive management, and private equity investments and transactions. He has been a Partner and Managing Director at One Equity Partners, the private equity arm of JP Morgan Chase.
Robert Corbett, E Squared Asset Management: Mr. Corbett currently works at E Squared Asset Management where he oversees the firm's public and private investment portfolio in the technology and consumer sectors. E Squared is a family run investment firm that invests in both public and private emerging growth companies.
Robert Hussey, Private Equity Investor: Mr. Hussey is a digital media and marketing expert and private equity investor. Currently, he is CEO of NYC & Israel-based Goopi.tv, a ground breaking B-to-B SaaS platform enabling corporate Internet users with the ability to create HD digital video ads, capable of running on any medium/web or mobile device, at a fraction of the traditional time and cost. He is a former owner of investment bank and broker/dealer HC Wainwright and has held several C-level and public and privately held company Board of Director positions.
Steve Perricone, Pilot Mountain Ventures: Pilot Mountain Ventures is a seed stage venture capital firm, based in New York City but investing globally. Mr. Perricone has been an active angel investor since 1999. In 2007, he co-founded Serrano Ventures, a private investment fund, where he remains a partner today. He has also served as a Managing Director and the Head of the Hedging and Monetization Group within the Equity Derivatives Division of Deutsche Bank.
Next LICA Capital Forum
LICA is hosting a Capital Forum in collaboration with Brookhaven National Laboratory (BNL) on Friday, May 8, 2015 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY. The capital forum will showcase BNL's revolutionary scientific breakthroughs, exposing the investment community to ground-breaking research being conducted on Long Island.
For more information about the event, please contact LICA today or register.
About Long Island Capital Alliance
Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.
LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature, middle market, closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.