
Below are brief descriptions of representative companies from our current and prior portfolios.
ACLARA BIOSCIENCES
Location: Hayward, CA
Business: Microfluidic-Based Research Products
Role: Founding Investor; Acting CFO; Director
Result: IPO. Merged with Virologic
(Nasdaq: VLGC).
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ADFLEX SOLUTIONS
Location: Chandler, AZ and Agua Prieta, Mexico
Business: Polyimide-Based Flexible Electronic Interconnects
Role: Led Spinoff from Rogers Corporation; Sole Investor; Acting CEO/CFO; Two Directors (Chairman)
Result: IPO.
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AGILUX LABORATORIES
Location: Worcester, MA
Business: Bioanalytical chemistry CRO
Role: Two Directors (Chairman)
Result: Current Portfolio.
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ALEXIS
Location: San Diego, CA
Business: Reagents for Life Science Researchers
Role: Sourced by Ampersand Limited Partner; Two Directors (Chairman)
Result: Sold to Qbiogene.
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ASSAY DESIGNS, INC.
Location: Ann Arbor, MI
Business: Reagent Kits for Life Sciences Research
Role: Two Directors (Chairman)
Result: Current Portfolio.
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CEQUENT PHARMACEUTICALS
Location: Cambridge, MA
Business: Developer of therapies based on RNA interference (RNAi).
Role: Lead Investor; Director
Result: Current Portfolio.
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CHANTEST
Location: Cleveland, OH
Business: Drug discovery and development services
Role: Sole Investor; One Director
Result: Current Portfolio.
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CLEARSOURCE INC.
Location: Natick, MA; Zephyrhills, FL; Little Gap, PA
Business: Ultrapure Bottled Water
Role: Operating Partner as Founding CEO; Sole Investor; Two Directors (Chairman)
Result: Current Portfolio.
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CRI
Location: Philadelphia, PA
Business: Specialty CRO providing inpatient and outpatient clinical research services
Role: Co-Lead Investor; Director
Result: Current Portfolio.
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DANIEL PRODUCTS COMPANY
Location: Jersey City, NJ
Business: High Performance Additives for Paints and Inks
Role: Led Spinoff from DSM; Lead Investor; Director (Chairman)
Result: Sold to Elementis (London: ELM.L).
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DYNEX TECHNOLOGIES, INC.
Location: Chantilly, VA
Business: Microplate automation equipment
Role: Lead Investor; Two Directors (Chairman)
Result: Current Portfolio.
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EIGNER
Location: Waltham, MA and Karlsruhe, Germany
Business: Collaborative Data Management Software
Role: Lead Investor; Three Directors (Chairman)
Result: Merged with Agile Software Corp. (Nasdaq: AGIL).
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ENDECA TECHNOLOGIES, INC.
Location: Cambridge, MA
Business: Enterprise Software
Role: Co-Lead Investor; One Director
Result: Current Portfolio.
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ESA, INC.
Location: Chelmsford, MA
Business: Analytical Instruments and Kits for Biomedical Research
Role: Lead Investor; Two Directors
Result: Current Portfolio.
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FirstRain
Location: New York, NY
Business: Software for real-time business intelligence
Role: Two Directors (Chairman)
Result: Current Portfolio.
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IBT LABORATORIES
Location: Lenexa, KS
Business: Specialty clinical reference lab and pharmaceutical services
Role: Lead Investor; Sole Investor; Two Directors
Result: Current Portfolio.
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INCON (Amex: ITC)
Location: Saco, Maine
Business: Electronic Industrial Measurement Systems
Role: Sourced by EIR; Lead Investor; EIR as CEO; Director
Result: Sold to Franklin Electric.
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KORTEC
Location: Ipswich, MA
Business: Co-injection systems for plastics industries
Role: Lead investor, two directors (Chairman)
Result: Current Portfolio.
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KROY BUILDING PRODUCTS
Location: York, NE
Business: Vinyl Fencing
Role: Led Spinoff from Alcan Aluminum; Sole Investor; Acting CFO; Two Directors (Chairman)
Result: Sold to Nortek (NYSE: NTK).
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K-TEK
Location: Baton Rouge, LA
Business: Industrial process instrumentation company
Role: Lead Investor, Two Directors (Chairman)
Result: Current Portfolio.
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LTI LIGHTING, INC.
Location: Baldwin Park, CA
Business: Short Arc Discharge Lighting Products
Role: Sourced by Ampersand Limited Partner; Founding Investor; Two Directors
Result: Sold.
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MAGELLAN BIOSCIENCES
Location: Chelmsford, MA
Business: Analytical instruments and kits for biomedical research
Role: Lead Investor; Two Directors (Chairman)
Result: Current Portfolio.
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MEDIFACTS INTERNATIONAL
Location: Rockville, MD
Business: Provider of clinical research and cardiac safety services for biopharmaceutical and medical device sponsors
Role: Co-Lead Investor, Director
Result: Current Portfolio.
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MOLDFLOW (Nasdaq: MFLO)
Location: Wayland, MA and Kilsyth, Australia
Business: Design Software for Injection-Molded Parts
Role: Lead Investor; Operating Partner as CEO; Three Directors (Chairman)
Result: IPO.
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NOVEX
Location: San Diego, CA
Business: Precast Electrophoresis Gels
Role: Sourced through Ampersand Portfolio Company; Sole Investor; Acting CFO; Two Directors (Chairman)
Result: Sold to Invitrogen (Nasdaq: IVGN).
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NUVEX INGREDIENTS, INC.
Location: Blue Earth, MN
Business: Functional Food Ingredients
Role: Sourced through Ampersand Portfolio Company; Sole Investor; Two Directors (Chairman)
Result: Sold to Kerry Foods.
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OPEN RATINGS
Location: Boston, MA
Business: Supplier Performance Ratings
Role: Co-Lead Investor; Director
Result: Corporate Sale.
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ORTHO ORGANIZERS
Location: San Marcos, CA
Business: Specialty dental products
Role: Lead investor, two directors (Chairman)
Result: Current Portfolio.
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PANACOS PHARMACEUTICALS (Nasdaq: PANC)
Location: Watertown, MA and Gaithersburg, MD
Business: Developer of Antiviral Drugs and Vaccines
Role: Sourced through Ampersand Portfolio Company; Director (Chairman)
Result: Merged with Vitex (Nasdaq: VITX).
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PENTOSE PHARMACEUTICALS
Location: Cambridge, MA
Business: Viral Inactivation Technologies
Role: Sourced by Operating Partner; Founding Investor; Operating Partner as CEO; Three Directors (Chairman)
Result: Merged with Vitex (Nasdaq: VITX).
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PROTIENT
Location: St. Paul, MN
Business: Whey and Soy-Based Nutritional Ingredients
Role: Operating Partner as Founding CEO;
Lead Investor; Two Directors (Chairman)
Result: Sold to Associated British Foods (ABF).
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PROFICIENCY, INC.
Location: Marlborough, MA
Business: Supply chain collaborative software
Role: Director
Result: Current Portfolio.
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RADPHARM
Location: Princeton, NJ
Business: Medical imaging services for drug development.
Role: Sole Investor; Lead Investor; Two Directors (Chairman)
Result: Current Portfolio.
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RAND WORLDWIDE
Location: Toronto, ON
Business: Industrial Software and Services
Role: Sole Investor; Three Directors; Chairman
Result: Current Portfolio.
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SIERRA CONCRETE DESIGN
Location: Santa Ana, CA
Business: Supplier of pre-cast fireplace surrounds
Role: Lead Investor; Sole Investor; Two Directors (Chairman)
Result: Current Portfolio
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SIGNATURE GENOMIC LABORATORIES
Location: Spokane, WA
Business: Specialty Clinical Diagnostic Lab
Role: Sole investor; Two Directors
Result: Current Portfolio
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SMARTFLEX SYSTEMS
Location: Tustin, CA
Business: Contract Electronics Manufacturing
Role: Led Spinoff from Rogers Corp.; Lead Investor; Two Directors
Result: IPO.
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STEREOTAXIS (Nasdaq: STXS)
Location: St. Louis, MO
Business: Magnetic-based Microsurgical Tools
Role: Sourced through Ampersand Portfolio Company; Co-Lead Investor; Director
Result: IPO
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TALECRIS BIOTHERAPEUTICS
Location: Research Triangle Park, NC
Business: Pharmaceutical Development and Manufacturing
Role: Two Directors
Result: Current Portfolio.
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TOMAH HOLDINGS
Location: Milton, WI
Business: Specialty Surfactants
Role: Sole Investor; Director
Result: Sold.
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TRIPATH IMAGING (Nasdaq: TPTH)
Location: Burlington, NC
Business: Cervical Cancer Screening Systems
Role: Led Spinoff from Hoffmann-La Roche; Acting CEO; Director (Chairman)
Result: AutoCyte IPO 1997. TriPath Merger 1999.
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VICTORY PHARMA
Location: San Diego, CA
Business: Specialty pharmaceutical company
Role: Sole Investor; Lead Investor; Director
Result: Current Portfolio.
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