Author Archives: mutualcapitalpartners

Get your tickets for LaunchHouse’s Bootstrap Bash!

Join us for a strolling dinner and dancing in celebration of entrepreneurship. The evening showcases some of the region’s promising startups and supports LaunchHouse’s mission of establishing Northeast Ohio as an entrepreneurial leader. Proceeds from the Bootstrap Bash will assist LaunchHouse in continuing to provide much of its educational programs and services to the entrepreneurial community for free.

Congratulations to Cardinal Commerce on a great exit!

Mutual Capital Partners Fund I portfolio company Cardinal Commerce was acquired by Visa. Details were not disclosed but the sale will result in a 5.5x return on our investment. The team worked hard over many years and proved that patience and perseverance pay off. For more information, please click the following link. https://www.cardinalcommerce.com/News-and-Events/Press-Releases/2016/December/Visa-to-Acquire-CardinalCommerce-to-Secure-and-Accelerate-Digital-Commerce

OrthAlign Announced Eric B. Timko Joined Its Board of Directors

Eric B. Timko, former President and Chief Executive Officer of Blue Belt Technologies, joined OrthAlign’s Board of Directors.  Mr. Timko is an accomplished medical device executive with over 25 years of experience in the healthcare industry. He joins OrthAlign’s Board of Directors after serving in several executive capacities. Most recently, he served as President and Chief Executive Officer of Blue Belt Technologies.

“My 25 year healthcare career has been focused on bringing-to-market innovative technologies that lead to better patient outcomes and equipping surgeons with the best tools in delivering the best care possible,” said Mr. Timko. “I am very impressed that OrthAlign technology has already been used in over 50,000 cases worldwide, and even more impressed with its breadth of compelling clinical data, which is rare in this space. The precision and accuracy, coupled with its affordable cost and practical use, enables all surgeons to experience those same excellent outcomes. I am very excited to join the OrthAlign team and will help in continuing to drive its strong growth and business footprint.”

Prior to joining Blue Belt Technologies, Mr. Timko served as President of and Chief Executive Officer of NeuroVasx, Inc., President of Carl Zeiss Surgical, Inc., and as Vice President of Siemens Medical Systems, Inc.

“As OrthAlign continues to grow and make its mark in the orthopedics space, it’s important that we continue adding only the best and brightest leaders to our team. We are pleased to welcome Eric to our Board,” said William E. Maya, OrthAlign’s Chief Executive Officer. “Eric brings unique and highly valuable experience to OrthAlign, being one of the medical technology industry’s most respected and innovative executives. His wealth of scientific, medical, technological, and executive leadership will enrich the Board and help the executive team to achieve its impressive growth plans. We are confident that he will bring valuable insights to help OrthAlign reach new levels of development and success.”

Welcome RevLocal to the MCP family!

We are excited to announce that Columbus-based RevLocal, the leader in personalized digital marketing, is the latest company to join our portfolio. After nearly four years of getting to know each other, MCP and RevLocal concluded a $3 million growth investment with an additional $500,000 from our limited partners. By pairing businesses with a dedicated digital strategist and a powerful backend platform, RevLocal delivers seamless local search marketing validated by thousands of existing customers and discovered daily by new ones. RevLocal was also just named a top 50 best places to work and, for the third consecutive year, was named to the Inc. 500 list (one of only 27 companies) growing 2,968% since 2011. For more information please visit RevLocal.com.

Congratulations 7signal: “Best Software Product” at 2016 OHTec Tech Week!

CLEVELAND, OH — 7signal, The Wi-Fi Performance Company, is the winner of OHTEc’s “Best Software Product” award given last night at its Tech Week conference in downtown Cleveland. 7signal was recognized for its EyeQ platform of Wi-Fi performance management, which aims to enhance the Wi-Fi experience for working professionals in healthcare organizations and large corporate enterprises everywhere.

Tech Week is an annual initiative to support, celebrate and engage the local tech community.  Through these efforts, Tech Week attendance and participation has grown incredibly over the years, from roughly 500 in 2011 to over 4,000 in 2016.

“There are so many talented people and innovative companies in Northeast Ohio. To have 7signal recognized in this way is a wonderful achievement for our team,” said Jeff Reedy, CEO of 7signal. The EyeQ platform is a cloud based system that provides Wi-Fi analytics. It proactively identifies poorly performing Wi-Fi networks and offers intelligence for corrective action.  “Reliable, high performance Wi-Fi is a key part of many mission critical workflows today. EyeQ helps ensure that people stay productive and that business processes remain efficient.”

Founded in 1998, OHTec has hundreds of members representing all facets of information technology: software development, IT services, website design, custom application development, IT recruiters and more.  7signal, based in downtown Akron, serves organizations with its WLAN performance solutions all over the world with customers like Maserati in Italy, Avans University The Netherlands and Sky Media in the UK.

7signal wins best software award