Our Portfolio

Portfolio Investments

  • Appraisal.com
  • Avesair (acquired by InPhonic, Nasdaq: INPC)
  • Batanga (merged with Planeta Networks)
  • bayMountain (acquired by Peak10)
  • Research Triangle Software, Inc. (acquired FullSeven Technologies)
  • LiquidMatrix Corporation (acquired by Datatel, Inc.)
  • LiveWire Logic (acquired by Astute Solutions, Inc.)
  • Overture Networks
  • SmartPath (acquired by DoubleClick, Nasdaq: DCLK)
  • The Atlantis Group
  • Tri-State Investment Group IV

Appraisal.com
Appraisal.com provides the software, services and Internet-based infrastructure for the creation, delivery, management and use of real estate appraisals. The Appraisal.com Nationwide Appraisal Network saves time, money and hassles for mortgage lenders and appraisers by bringing the appraisal specification, ordering, management, delivery and payment processes online. The Appraisal.com Nationwide Appraisal Network covers every county in the USA and currently includes over 1/4 of all the licensed active residential appraisal firms in the USA. For more information, visit www.appraisal.com.

Avesair, Inc. (acquired by InPhonic, Nasdaq: INPC)
Avesair is the premier provider of carrier-class application software enabling mobile operators and wireless networks to deliver a full range of decision-based services to subscribers. Avesair's decision technology allows carriers to increase revenues and decrease churn through the effective targeting and delivery of relevant content. The dynamic and highly customizable nature of the Avesair decision engine allows mobile operators to offer individualized services to subscribers. These services include advertising and marketing messages, targeted commerce and promotions, and personalized content. Avesair acquired WindWire in February 2002. More information is available at www.avesair.com.

Batanga (merged with Planeta Networks)
Batanga is a new media company using Latin music and content unavailable elsewhere to reach young Hispanics. Batanga sells advertising, radio services, subscriptions, and various marketing services. For more information, visit www.batanga.com.

bayMountain (acquired by Peak10)
bayMountain is a leading provider of Web and application managed services, for mid-size companies with enterprise-level needs. bayMountain offers one source for the complete infrastructure chain - from data center facilities and hardware to operating system and application layer support. bayMountain specializes in managing complex architectures built to meet the individual e-business needs of our customers. The company does this quickly and cost-effectively through the combination of its exclusive bayCluster methodology and modular appFusion platform. Configurations can be hosted and managed in bayMountain's data center or hosted at a partner facility and remotely managed using bayVista, bayMountain's remote monitoring system.

bayMountain provides a level of expertise, performance and return-on-investment unmatched by other providers. More information is available at http://www.baymountain.com/.

Research Triangle Software, Inc. (acquired FullSeven Technologies)
Research Triangle Software (RTS) is a diversified electronic commerce products and services company. RTS is also the leading developer of encryption devices and technologies used by industry-leading companies, small businesses, and individuals. Select customers include US Army, Austin Federal Credit Union, Clarkston Consulting, Brand Fuel Promotions and Daniels Daniels & Verdonik. RTS received the People’s Choice Award at the Council for Entrepreneurial Development’s InfoTech 2003 technology conference. The company is headquartered in Cary, NC. For more information, visit www.rtsz.com.

LiquidMatrix Corporation (acquired by Datatel, Inc.)
LiquidMatrix helps colleges and universities achieve their business objectives by providing software and services that enable them to communicate one to one with Web site visitors. Personalized applications, targeted e-mail communications, and complete content management make ActiveCampus™ the only complete solution powering the most effective Web sites in higher education. For more information, visit www.liquidmatrix.com.

LiveWire Logic (acquired by Astute Solutions, Inc.)
LiveWire Logic has developed the next-generation of customer self-service technology to address today's (and tomorrow's) customer service requirements. LiveWire's intelligent customer self-service agents help on-line customers find information, make purchases, and resolve support questions or issues easily and efficiently. No longer do they need to spend time clicking through a web site or typing structured key words or phrases to find the information they need. No longer do they have to receive long lists of possible answers or run the risk of receiving incorrect answers. No longer do they have to wait in long phone queues to speak to a customer service person. Instead, they can carry on a conversation with the agents just as they would with a human customer service or sales agent. LiveWire Logic helps companies streamline their customer self-service process - contributing to cost savings, time savings and higher customer satisfaction. More information is available at http://www.livewirelogic.com/.

Overture Networks
Overture Networks supplies carrier-class multi-service networking equipment enabling carriers to deliver all of their services over Metro Optical IP networks, both today and as the network evolves. With Overture Networks, carriers can extend their investment in their current network, and begin transitioning towards a data-optimized network that can keep up with the escalating bandwidth needs of their customers. Overture Networks' solutions allow carriers to invest in their networks to maximize revenues, lower costs and meet the needs of their customers. More information is available at www.overturenetworks.com.

SmartPath (acquired by DoubleClick, Nasdaq: DCLK)
Dedicated to improving the ways marketers work together, SmartPath Inc. creates and delivers a web-based, enterprise-scaleable marketing resource management software application that helps companies more effectively manage the planning and budgeting, development, management, distribution, and measurement of all their marketing initiatives. SmartPath is the momentum leader among marketing resource management vendors and provides the most comprehensive, robust solution to companies whose marketing activities are critical to their success.

SmartPath is the provider of choice for some of the world’s most innovative companies including GlaxoSmithKline, Wyeth, Leo Burnett, Victoria’s Secret, Kohler, and National Geographic. SmartPath is headquartered in Research Triangle Park, NC with European offices in London. For more information, visit www.smartpathinc.com.

The Atlantis Group
The Atlantis Group, LLC is an angel investment group designed to capitalize on the explosive growth in the entrepreneurial activity and venture financing primarily in North Carolina. Atlantis's strength lies in its members - a group of highly successful investors with solid experience in selecting investments and in assisting in the growth of the group's portfolio companies. The membership represents a variety of professional and private equity experiences: entrepreneurs, VCs, angel investors, as well as people from financial and professional service industries and, most importantly, people with operational experience in a great number of industries. For more information, visit www.theatlantisgroup.net.

Tri-State Investment Group IV
Tri-State Investment Group (TIG) is a group of investors dedicated to providing equity capital to early and mid-stage entrepreneurial companies that are based in Virginia, North Carolina and South Carolina. For more information, visit www.tignc.com.