The Latest on Verge
Verge Fund Predicts Whirlwind Year for Local Tech
January 25, 2017
Tom Stephenson, managing general partner of Verge Fund, predicts 2017 will be a time of major growth for tech that has been in the making for many years. click here.
Hundreds of NM Startups Have One Thing In Common
January 24, 2017
Peter Soliz, founder and CEO of Albuquerque-based VisionQuest, said his company’s rapid retinal screening technology for diabetics might still be languishing in a University of New Mexico lab if it weren’t for the federal government’s Small Business Innovation Research program. VisionQuest has received 15 SBIR grants for a total of $16.3 million since launching in 2008, allowing it to fully develop the retinal-imaging technology that Soliz and other engineers originally created at UNM.
That federal funding also allowed it to build additional, spin-off technologies to screen diabetic patients for nerve damage in their feet, diagnose retinopathy in infants born prematurely and to identify malarial retinopathy, which can indicate cerebral malaria in patients. Click here to read more.
Verge Fund-backed company acquired by Bloomberg BN
November 3, 2016
An Albuquerque-based legal technology firm was just acquired by Bloomberg BNA. Exemplify, a legal software company that aids attorneys in drafting complex legal documents, will now be the software application that powers Bloomberg Law's Draft Analyzer. The deal closed Oct 31. Bill Bice, partner in the Verge Fund, which invested in Exemplify, declined to disclose what Bloomberg BNA paid for the company or what Verge Fund's stake was. Bice became CEO of the company after Verge Fund's investment.
Venture Capital Trend Could Be Good New for NM
October 7, 2016
It's a well-known fact: there's not a ton of money in New Mexico for startups and entrepreneurs. The good news is, there might be more coming. Bill Bice, partner at the Verge Fund, says venture capitalists are starting to realize there's money to be made outside of Silicon Valley. "There is a new breed of investor," Bice said. "And they're looking for opportunities outside of the mainstream."
ABQ firm hoping to clean up in wastewater biz
September 29, 2016
A new homegrown, mobile industrial-water cleansing technology will soon head to California markets with a door-to- door recycling service for metal processing plants and other facilities. The technology, developed by Albuquerque-based startup SlipStream LLC, completely eliminates the contaminants in factory-processed water, allowing small operators to recycle 95 percent of their liquids for re-use instead of carting it off to landfills, said company CEO Paul Short. For more information about SlipStream click here.
Albuquerque Business First's C-Suite finalists
September 6, 2016
If you've been waiting for us to announce this year's Top CEOs honorees, you won't find them. Instead of focusing this award on just CEOs, we have expanded this event and award to include executives throughout the C-suite. "For several years, we’ve recognized New Mexico’s top chief executives with our Top CEOs awards," Rachel Sams, Albuquerque Business First editor-in-chief said. "We expanded this program to the C-Suite Awards this year to honor the achievements of top executives throughout the C-suite who are demonstrating outstanding leadership at New Mexico companies." Click here in order to read more.
Growing ABQ Biotech Startup Acquired for $90M
June 28, 2016
A technology that’s been around for a while just got a big boost, and an Albuquerque-based company that pioneered it is now on the board as one of the biggest tech exits in recent years. Sartorius, a Germany-based international pharmaceutical and laboratory equipment provider that had 1.1 billion euros in sales last year, announced in a press release that it acquired Albuquerque’s IntelliCyt Corp. for $90 million in cash.
ABQ's IntelliCyt acquired by German firm for $90M
June 28, 2016
The German pharmaceutical firm Sartorius AG has acquired one of New Mexico’s homegrown high-tech startups, IntelliCyt Corp., for $90 million. The deal, one of the largest such acquisitions of a homegrown Albuquerque-based startup, is great news for IntelliCyt — which will continue to operate in New Mexico with its current 55-employee workforce — and for continuing to build the local startup economy, said Lisa Kuuttila, president and CEO of the University of New Mexico’s Science and Technology Corp., UNM’s technology transfer office. For more information, please see the link below.
Journal Article (PDF)
Frost & Sullivan Applauds IntelliCyt's iQue®
May 17, 2016
Mountain View, CA -- Based on its recent analysis of the high throughput multiplexing market, Frost & Sullivan recognizes IntelliCyt with the 2016 North American Frost & Sullivan Award for Product Leadership. IntelliCyt's unique platform, the iQue® Screener, is an integrated system that is not only scalable, but offers an end-to-end solution to address researchers' challenges. The platform provides fast, rich, multiplexed information about each cell while ensuring quality of the data obtained. You can read the full article here.
AstraZeneca Enters into Agreement with IntelliCyt
May 10, 2016
IntelliCyt, a leading provider of integrated platforms that accelerate drug discovery, antibody discovery and immuno-oncology research today announced a collaboration with AstraZeneca to further the development of high throughput biology applications to provide insights into the complex biology of disease. AstraZeneca will utilize IntelliCyt products to profile phenotypic and functional endpoints of cells through the use of cell-based and bead-based assays in AstraZeneca’s advanced phenotypic drug discovery and immune-profile programs.
PR Web Article (PDF)
Pajarito Powder Announces PHC-3000 Carbon Support
April 25, 2016
Albuquerque, NM USA, Pajarito Powder, LLC a leader in precious-metal-free catalysts, announces the commercial availability of the reformulated PHC-3000 Engineered Carbon Support (ECS). Pajarito Powder released technical specifications and pricing of the newly reformulated ECS product. The Engineered Carbon Support (ECS) provides customers with high-power density requirements a unique solution for low-platinum catalysts, allowing for both increased activity at low levels of platinum and strong End-Of-Life (EOL) performance. Click here to read more.
One-on-One with Bill Bice
January 25, 2016
In building his own booming software company, Bill Bice made his share of blunders. There was, he says with a quiet laugh, a “whole, 15-year series of mistakes.” But the Albuquerque native obviously did a whole lot right, too; his ProLaw system, a tool that helped law firms automate and manage their operations, was acquired in 2001 by what is today Thomson Reuters. Having survived and thrived as an entrepreneur, Bice has spent the past decade guiding others pursuing their own dreams. Click here for the full article.
How Albuquerque Built an Entrepreneurial Movement
December 16, 2015
At first glance, Albuquerque, New Mexico doesn't look like a booming business city. Known more for scientists than startups, the city is home to zero Fortune 500 companies, has a weak real estate market and one of the highest income inequality gaps in the nation. But that doesn't mean that startups can't succeed in the state's largest city. Skorpius Technologies closed a $19 million Series B round in 2011. To read the full article click here.
ABQ Clean Energy Company Selected for $2.8 million
December 3, 2015
Pajarito Powder LLC, an Albuquerque manufacturer of non-platinum fuel cell catalysts, has been selected for an award of $2,790,000 from the U.S. Department of Energy's Advanced Research Projects-Energy office that would enable cost-effective hydrogen production for fuel cells. The grant, which Pajarito Powder began applying for in February, would fund a three-year development phase for the new electrodes — components for electrolyzers which company CEO and chairman Tom Stephenson explains operate as fuel cells in reverse to generate hydrogen capable of storing energy. To read the full story click here.
IntelliCyt Corp collects $7.4 million
October 22, 2015
Albuquerque, New Mexico-based IntelliCyt Corp, a provider of integrated platforms to accelerate drug discovery, antibody discovery and immunology, has closed $7.4 million in new financing, which includes $5.4 million in venture financing and a $2 million debt facility. Arboretum Ventures led the venture funding round with participation from current backers Prolog Ventures, Verge Fund and New Mexico Community Capital. Oxford Finance provided the debt funding.
The full press release can be viewed here.
Upper-level management a New Mexico challenge
August 19, 2015
State officials have been on a big sales push to bring a new corporate headquarters to New Mexico. The benefits could be huge, from increased tax revenue to prestige and, of course, jobs. But, said Bill Bice, the chairman and president of the ABQid accelerator, if that's all you're looking at, you're missing the point. To read the full article click here.
Larry Lujan Joins Verge Fund as a New Partner
June 15, 2015
Lujan, 61, said that he's invested in some Verge portfolio companies and that his relationship with partners Tom Stephenson, Ron McPhee and Bill Bice has grown to the point that he wanted to join the venture capital fund. Lujan was one of the original investors in Verge's Nuvita, which grew out of some ideas that Lujan had at the insurance firm. For the full article click here.
Bice advice: Invest in yourself, New Mexico
June 1, 2015
Bill Bice is the chairman and president of ABQid, an accelerator and startup fund that identifies the people, ideas and companies that will be dynamic players in New Mexico’s future, home-grown economy. Bice, 46, spoke with Albuquerque Business First about his entrepreneurial career and what he hopes to help accomplish with ABQid. For full article click here.
BoomTime nabs $800K investment
December 23, 2014
Albuquerque startup BoomTime recently closed on a new $800,000 investment round that will help the company grow in Albuquerque and other markets, according to company chairman and Verge Fund founding partner Bill Bice. BoomTime specializes in small business identity marketing. It runs the popular SpaBoom company, which is an alternative to Groupon, and it generates content, promotions and other marketing strategies for companies. The company is a Verge Fund portfolio firm and is located Downtown. Click here for the full article.
NORIBACHI NAMED TO INC. 5000 LIST
LOS ANGELES, CA – September 4, 2014: Noribachi has been named to the Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. In its first appearance, U.S.-based Noribachi, pushed past the Top 1000 in the overall rankings as well as claimed a Top 20 spot in the Manufacturing category. For the complete news release click here.
IntelliCyt Announces Shipment of New Instrument
July 28, 2014
IntelliCyt Corporation, a leading provider of high throughput cell- and bead-based screening solutions, announces the shipment of iQue® Screener HD. Breaking new ground in the miniaturization of suspension assay formats, the iQue Screener HD is the first and only commercially available instrument that can process, analyze, and visualize data from 1536 well microplates. The company also announces the availability of new MultiCyt® reagents to profile cell health and monitor cell function. For the full article click here.
Santa Fe startup opening Silicon Valley office
May 12, 2014
Santa Fe startup SportXast will open a new office in Silicon Valley, thanks to a winning pitch at the entrepreneurship incubator nestGSV’s #pitchit event. The company came in third at the event, held April 30. The sponsor, nestGSV, which is part of GSV Capital and HandsOn.TV, invited eight companies to pitch at the event. To read the full article click here.
Vibrant Corp Announces Release of Case Study
April 10, 2014
Vibrant Corporation announced today the formal release of a Delta TechOps case study on the application of Process Compensated Resonance Testing (PCRT) to the Pratt and Whitney JT8D-219 high pressure first stage turbine blade. The study outlines the increase in engine reliability and the $2M annual positive economic impact that PCRT has delivered to Delta through testing of the turbine blade. The announcement was made on the opening day of Aviation Week’s MRO America’s show, where both Delta TechOps and Vibrant are exhibiting. Click here to read more.
Noribachi Featured on Forbes Most Promising List
January 27, 2014
Verge Fund portfolio company, Noribachi, is featured on Forbes list of America’s most promising companies at #52! Forbes' annual list ranks America's 100 best small publicly held companies. For more information about Noribachi, and the full list click here.
Vibrant has a new HQ,
January 3, 2014
On Friday morning at 9 a.m., workers were putting the finishing touches on the new headquarters for Vibrant Corp. And it was just in time. Gov. Susana Martinez held a press conference at Vibrant’s new headquarters off Washington Place, near Balloon Fiesta Park, at 10 a.m. to announce a pair of economic development initiatives. For the full article click here.
ZTEC Instruments Aquired by LitePoint Corp.
October 29, 2013
California-based LitePoint Corp. has acquired Albuquerque’s ZTEC Instruments Inc., a venture-backed, homegrown company that makes devices to test wireless electronics, such as cell phones, routers and GPS products. Click here for the full article.
Vibrant Corp. signs licensing deal
September 9, 2013
Vibrant Corp. of Albuquerque has signed a new licensing and manufacturing agreement with Magnaflux to develop Vibrant’s Process Compensated Resonance Testing system. For more information click here.
IntelliCyt Launches iQue Screener
July 1, 2013
IntelliCyt Corporation, a provider of assay screening solutions for phenotypic drug discovery, antibody discovery and in vitro toxicity testing, today announced the commercial launch of their new iQue™ Screener. The system is the latest addition to IntelliCyt’s platform of instrumentation, application-specific reagents, integrated multi-user analysis and informatics tools. To view the full press release click here.
New Mexico's Flying 40 Event hosted by TVC
June 19, 2013
Verge Fund's portfolio company Vibrant Corporation, was honored by TVC as one of New Mexico's Flying 40. To view the full list of New Mexico's fastest growing technologies companies click here.
Morning Brew Interview with Bill Bice
This week Verge Fund's Bill Bice appeared on Morning Brew to promote Albuquerque Startup Weekend. This event is an excellent opportunity for aspiring entrepreneurs. To see the full interview click here.
TruTouch International Sales/Marketing
May 21, 2013
TruTouch Technologies, Inc. today announced that it has signed several international distribution agreements to market TruTouch’s rapid optical alcohol detection and biometric test.
Business Wire Article (PDF)
IntelliCyt Corp Closes $8 Million in New Financing
May 6, 2013
Albuquerque, New Mexico (PRWEB) May 06, 2013 – IntelliCyt Corporation, a leading provider of assay screening solutions for phenotypic drug discovery, antibody discovery and in vitro toxicity testing, today announced it has completed an $8 million financing round.
The financing was led by new investor Arboretum Ventures with participation from existing investors Prolog Ventures, Verge Fund, and New Mexico Community Capital. In connection with the financing, Tim Petersen and George Dunbar of Arboretum Ventures will join IntelliCyt’s Board of Directors. To view the full press release click here.
Wellkeeper plumbs the oil well industry
March 25, 2013
This month, Wellkeeper will celebrate its 10th year of oil well monitoring. The company, funded chiefly by the Verge Fund, has seen its growth tied to the rising fortunes of the oil industry, which is pumping more oil today than at any point in the last 30 years in New Mexico. To read the full article click here.
Fresh Shot of Capital
February 5, 2013
A fresh, $1.3 million capital infusion is helping TruTouch Technologies Inc. conduct a global marketing blitz for its newly remodeled intoxication-detection device.
Abq startup could open fuel-cell floodgates
October 24, 2012
Albuquerque’s Verge Fund is betting $1 million on a new catalyst for hydrogen fuel cells that could cut production costs by ten fold or more. The technology eliminates the need for platinum, a precious metal more expensive than gold, which has driven up fuel-cell costs and impeded widespread adoption, said Paul Short, CEO of Pajarito Powder LLC, which Verge launched to make and market the catalysts. To read the full article, please see below.
Local Venture Firm Partners with STC.UNM
October 3, 2012
STC.UNM's newest start-up, Pajarito Powder, LLC, is the result of a successful partnership with local venture firm Verge Fund. The company has an option to license a portfolio of non-platinum cathode catalyst technologies for fuel cells developed at the University of New Mexico. To read the full article click here.
Exemplify Launches at ILTA Conference
August 27, 2012
Exemplify, the market standard for transactional attorneys, is releasing the first commercial version of its product at the International Legal Technology Association (ILTA) conference. Exemplify was founded to provide attorneys in transactional practice with a transformational research solution to assist them in every stage of the drafting process. To read the full article click here.
Vibrant Corp. forms joint venture with German Firm
May 17, 2012
Verge Portfolio company, Vibrant Corp. has formed a joint venture with a German company, Hesselmann & Kohler Prozessautomation GmbH. To see the NMBW article click here.
TruTouch Technologies Spotlight on First Shift
April 6, 2012
Verge portfolio company TruTouch Technologies, has been spotlighted on this morning's First Shift: Automotive News. They are one of two new technologies being featured in the Wall Street Journal as the new wave in drunk driving prevention. Click here to view the webcast.
Bill Bice featured in Law Technology News
April 1, 2012
Bill Bice, general partner in Verge Fund, is featured in April’s Law Technology News. Bice, co-founder and chair of LiquidPractice, and Graham Smith, founder and CEO of Opus 2 International, talk about Law Technology News’ April cover story, “Is there a Second Act in Legal Technology?” Bice and Smith explain why they decided to return to the legal technology community after selling ProLaw and LiveNote to an industry giant. Click here to read the article. Click here to listen to the podcast.
Wellkeeper Opens New Office in Denver
March 6, 2012
March 6, 2012 Verge portfolio company, Wellkeeper Inc. announced its sixth office location near the Denver Technological Center. The office will be home to additional software development staff and help accelerate the delivery of new software to Wellkeeper customers. To view a copy of the full announcement please see below.
Article by Tom Stephenson in the ABQ Journal
January 16, 2012
Verge Fund Managing General Partner, Tom Stephenson,
wrote an article which is featured in Monday, January 16, 2012's, Albuquerque
Journal's Business Outlook Executive's Desk column, in an article titled
“Entrepreneurs need right capital partner". The article features advice
about what kind of funding an Entrepreneur should seek depending on their
business model. To read the full
article, please see below.
TruTouch Technologies featured in NM Business Weekly
January 5, 2012
Verge portfolio company, TruTouch Technologies Inc., has been featured in New Mexico Business Weekly. The article highlights TruTouch’s alcohol-detection device. The device eliminates conducting breath, blood, or urine tests for alcohol detection on automobiles and machinery. To see the NMBW article click here.
Tom Stephenson Presents at Leadership NM’s Connect
November 17, 2011
Verge Fund Managing General Partner, Tom
Stephenson, spoke at Leadership New Mexico’s ‘Connect New Mexico Program’ on
November 17, 2011. Tom presented on “The Role of Venture Capital and Entrepreneurship
in Business Start-Ups in New Mexico”. To view a copy of the presentation please
see below. For more information about
Leadership New Mexico click here.
Nuvita Inspires Employees to Live Longer
November 1, 2011
Los Alamos National Bank and Title Guaranty (LANB, TG) have completed the Nuvita "Live Younger" challenge, and its employees have achieved life changing results. Believing that the well-being of its employees plays a key role in the well-being of the organization, LANB and TG wanted to offer a program that made a difference in the health and lives of its employees. To read the full press release click here.
Paul Short to Present at Energy Forum in El Paso
October 26, 2011
Verge Entrepreneur-in-Residence, Paul Short,
will be speaking at the El Paso, TX convention center on October 26, 2011 for
the “Re-Energize the Americas in Collaboration with the Border Energy Forum”.
The presentation will cover global water usage and future industry impact. Paul
will be part of the “Session 3B: Regional Energy Investment” panel on October
26, 2011. To view more information about the event click here. Please see below
for slides from Paul's presentation.
Altela’s new JV aimed to treat Frac Water
October 25, 2011
A new joint partnership was announced to provide a solution to environmental issues surrounding treatment of mineral-laden brackish water from Marcellus Shale drilling. A partnership between Casella Waste Systems Inc., Rutland, VT and Altela Inc., privately held water desalination company in Albuquerque, NM forms Casella-Altela Regional Environmental Services LLC. To view a copy of the press release please see below.
TruTouch Device Showcased in Swiss Newspaper
October 22, 2011
The TruTouch Technologies product, Alcohol Biometer TT2000, was part of the ‘Milipol’ Security Innovation demonstration. The product was part of a series of products showcased on October 22, 2011 in the Swiss newspaper “Grand Angle” article. Please see below for a copy of the article.
Rough Translation of the TruTouch TT2000 description is as follows:
It is a device that allows independent control to quickly read the blood alcohol content. Useful to check the status
people performing risk activities (industrial sites, transport, security airport oil, etc.).. the large advantage of Alcohol TT2000 is the Biometer ease of use. No need to take blood or verification of breath. Just put the finger on the infrared sensor to determine if they are drunk or not.
Tom Stephenson Presented to NM Tech Students
October 17, 2011
Verge Fund Managing General Partner, Tom Stephenson, spoke at New Mexico Tech about “Commercialization Preliminaries” this past Friday. Tom discussed the consideration of commercialization possibilities at the very early stages of research efforts. To view a copy of the presentation please see below.
Paul Short Presented at STC UNM
October 17, 2011
Verge Entrepreneur-in-Residence, Paul Short, spoke at the University of New Mexico about “The Opportunity Assessment”. The presentation covered the importance of assessing the market for newly developed technologies before a business plan is even written. The seminar was held at STC UNM on October 19, 2011 at 12:00pm-1:00pm. To view a copy of the presentation please see below.
Altela Featured on TEDxABQ Conference
September 10, 2011
Altela Inc. CEO Ned Godshall was recently invited to give a talk at the 2nd annual TEDxABQ conference in Albuquerque on September 10th. “TED” is a well-regarded lecture series that started in Monterey California. TED has expanded globally, and has spawned local TED conferences. Video of Ned’s talk can be seen below:
Nuvita Helps Employees Stand Up for Health
August 23, 2011
Fox News Austin recently profiled how Nuvita helps a Texas company achieve healthy results by making mild adjustments to your work day routine. To see the video, please click here.
Tom Stephenson featured in NMBW
July 22, 2011
Tom Stephenson, Managing General Partner of Verge, was profiled as the Face of Business in this week’s New Mexico Business Weekly. To read more about Tom Stephenson and Verge, please click here.
Nuvita Program significantly lowers Health Risks
July 15, 2011
Nuvita’s specially designed health and well-being program is seeing significant results across all risk categories. Nuvita, a Verge portfolio company, contracts with companies to provide their employees with a step by step program to improve the employee’s overall health. To read more please click here.
Nuvita appears on KOB’s Good Day New Mexico
May 20, 2011
Nuvita, a Verge portfolio company, recently appeared on KOB-TV’s Good Day New Mexico. The video segment demonstrates how Nuvita operates by interviewing Nuvita employee Jose Maresma, and a local New Mexico company, MIOX, that utilizes Nuvita’s services. MIOX highly values its employee’s health and happiness and decided to use Nuvita to help shape healthy employee habits such as exercise and eating right. To see the video, please click here.
BoomTime Booms Restaurant Businesses
May 6, 2011
BoomTime, a Verge portfolio company, offers web-based promotional services so that restaurants can more easily reach customers. BoomTime offers web management and social media marketing tools in order to make management of the Restaurant easier. This would allow the Restaurant to concentrate on service to the customer and thus increase revenue. To read more, please click the pdf below.
NMBW Article (PDF)
Verge EIR Paul Short presents at TVC Seminar
March 25, 2011
Verge Entrepreneur in Residence Paul Short recently presented on the formation of business plans at Technology Venture Corporation’s Center for Commercialization and Entrepreneurial Training seminar in Santa Fe, New Mexico. Below are slides from Paul’s presentation.
Paul Short Presentation (PDF)
NMBW names 5 Nuvita Clients as NM’s Healthiest
April 25, 2011
New Mexico Business Weekly recently honored 15 companies around New Mexico with the New Mexico’s Healthiest Employers award. Nuvita, a Verge portfolio company, provides health services for five of the 15 finalists and helped guide them to this distinction. The winner of the small company category was Nuvita client, Manuel Lujan Agencies. To read the New Mexico Business Weekly article, please click here.
Tom Stephenson & Petros Varangis present at STCUNM
February 17, 2011
Verge Fund Managing General Partner Tom Stephenson and Nanocrystal, a Verge portfolio company, CEO Petros Varangis discuss their collaborative efforts in commercializing a UNM technology. To view video of the presentation please click here.
NMSBIC & Verge work together to fund local firms
February 14, 2011
The New Mexico Small Business Investment Corp. was founded in 2001. Since its formation, the NMSBIC has helped establish equity funds that focus exclusively on New Mexico businesses, including Verge. To read more, please click here.
Vertical Power and Garmin Team Up
February 9, 2011
Vertical Power and Garmin are working together to introduce a new product that combines Garmin hardware with Vertical Power software in the Garmin G3X/VP-X. This and other Vertical Power updates can be found on the newsletter. To read the Vertical Power newsletter, please click here.
Vibrant Technology to test off-shore moorings
February 9, 2011
Vibrant’s Process Compensated Resonance Testing (PCRT) is an innovative Non-Destructive Technology (NDT) that is now being used by First Subsea to test the structural integrity of their LankoFirst fiber rope connectors. Vibrant NDT technology is the only technology that can test the structural integrity of the component. To read more about First Subsea’s use of Vibrant technology, please click here.
TruTouch partners up with Takata Corp.
TruTouch recently formed a new partnership with global automotive components manufacturer Takata Corporation. The new partnership and additional venture funding will be utilized to introduce a new product that incorporates TruTouch’s blood-alcohol level detection device into an ignition interlock system. To read the article in the New Mexico BW click here or to read the ABQ Journal article click here.