News
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.
Article by Tom Stephenson in the ABQ Journal (PDF)
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.
Leadership NM Presentation (PDF)
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.
Renergizing the Americas - Investing in Water (PDF)
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.
Altela's JV Press Release (PDF)
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.
TruTouch Device Showcase Article (PDF)
Rough Translation of the TruTouch TT2000 description is as follows:
ALCOHOL
BIOMETER
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.
Tom Stephenson NMT 10/14/11 Presentation (PDF)
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.
Paul Short UNM 10/19/11 Presentation (PDF)
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:
Altela featured at TEDxABQ Conference
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.
Verge and NM Tech team-up to provide Internships
December 3, 2010
Verge Fund and New Mexico Tech have teamed up to provide Tech management students a chance to work in the venture capital industry for a semester or more of school credit. Tech management department chairman Peter Anselmo said the program will give students real-world experience in the venture capital world and a chance to learn about how new companies are formed and run. To read more click on the article below.
Immersion in Venture Capital (PDF)
Boomtime Manager and clients featured in Inc.com
November 30, 2010
Inc.com recently posted an article featuring business strategies from Boomtime about increasing their clients’ gift card sales. The article contains advice from Seth Gardenswartz, the VP of Business Development at SpaBoom and CoverBoom, as well as testimonials from several of their clients’ currently experiencing success with these strategies. To read more click here.
Noribachi’s Qnuru Featured in NM Business Weekly
November 30, 2010
Qnuru’s home-grown solar lighting technology is reaping a large crop of customers in New Mexico and beyond. Qnuru is a spin-out company of Verge portfolio company, Noribachi. To read the full article click here
Qnuru lights up NM park, schools (PDF)
Verge Adds David Franklin As EIR
November 12, 2010
Verge Fund has added David Franklin as an Entrepreneur-in-Residence. Franklin was a co-founder of Strategic Analytics Inc., a provider of analytical software for retail lenders that was acquired by Verisk Analytics Inc. earlier this year. To read the VentureWire article published click on the link below.
Verge Adds David Franklin As EIR (PDF)
TruTouch Technologies Wins $245,000 Federal Grant
November 9, 2010
The IRS issued TruTouch a $244,479 grant for development of its intoxication-testing device for emergency care facilities under the Qualifying Therapeutic Discovery Project (QTDP). Dr. Trent Ridder, CTO of TruTouch, said, "We are delighted to announce the successful awarding of the QTDP grant” He added, “The grant will help advance the commercialization of our TruTouch intoxication detection systems that are already enjoying success in the law enforcement, oil and drilling, military and transportation markets." To read more click here.
TruTouch Wins $438,000 in Federal Funds
November 2, 2010
TruTouch Technologies Inc. was awarded a $438,000 grant to develop a smaller and less expensive version of its intoxication-testing device. The money comes from the U.S. Army Medical Research and Material Command and the Telemedicine and Advanced Technology Research Center at Fort Detrick, Md. The company will use this new federal grant to re-engineer their current device even further. To read more click here.
Delta Receives FAA Approval for Vibrant Process
October 1, 2010
Vibrant’s non destructive PCRT testing on aircraft has just been approved by the FAA to be implemented by Delta. This new testing provides environmentally friendly, cost-effective, and fast reporting on the structural integrity of aircraft components. This collaboration between Delta and Vibrant has been recognized with the 2010 FAA-ATA Non-Destructive Testing (NDT) “Better Way” award. To read more about the FAA approval click here. To read more about the Better Way award click here.
Verge creates Internship Co-Op With NM Tech
September 20, 2010
The Management Department at New Mexico Tech and the Verge Fund have formed a partnership with new internship opportunities for students studying management. The Verge Fund will be at the New Mexico Tech Career Fair on campus Thursday, Sept. 23 and will be recruiting Tech students for internships. To read full article click here.
TruTouch’s Innovation Gaining Global Recognition
There is currently an effort underway to develop a new generation of blood alcohol detection devices with TruTouch being one of the lead companies involved. The application of these devices in motor vehicles is being hotly debated. This new technology has the potential of saving thousands of lives per year and is being extensively tested as well as gathering investors’ attention. Click here to read the full article.
Vibrant Testing Process earns FAA Approval
September 3, 2010
Vibrant Corp. netted some major boosts this summer from the Federal Aviation Administration with the recent approval of their testing process for Delta, and with an SBIR from the U.S. Department of Defense. To read the full article click here.
Verge to Participate in NMSU Entrepreneurial Event
Verge Fund will particpate in NMSU "Networking at the Speed of Technology" event on October 20, 2010 4pm at The Game in Las Cruces, New Mexico. For more info click here.
Noribachi Launches low-cost LED Bulbs
Noribachi launches a line of light-emitting diode (LED) bulbs for commercial and industrial businesses. To read the full article in New Mexico Business Weekly click here.
Wellkeeper Places on Inc. 5000 Top Energy List
Wellkeeper placed 792nd among the fastest growing companies in America last year. Within the energy sector, they placed 30th. For the full list click here.
Finance NM Features Article by Tom Stephenson
August 2, 2010
Managing General Partner Tom Stephenson recently discussed business financing in the current economic climate. To read the entire article, click here.
SpaBoom Releases New Full Online Marketing Suite
June 25, 2010
SpaBoom Press Release (PDF)
Altela Named Top 50 Global Water Company
June 8, 2010
The Artemis Project sponsored the first Top 50 Water Company Competition to identify the lead game-changing technologies that provide venture grade investment opportunities in the water sector. Altela was recognized June 8, 2010 at the BlueTech Innovation Forum in San Francisco, CA. Click here to read more.
IntelliCyt Featured in NM Business Weekly
June 4, 2010
Applications of IntelliCyt Corporation's advanced cytometry technology were highlighted in NM Business Weekly. The development can now help researchers study cells 30-40 times faster than before. To read the complete article, click below
Here (PDF)
ZTEC Hires Prominent Research Scientist as CTO
April 6, 2010
ZTEC Instruments announced today that Dr. Matthew T. Hunter has joined the team as Chief Technical Officer. Opening the Orlando division of ZTEC, Dr. Hunter will be responsible for taking ZTEC to the next level; introducing a world-class signal processing research institution that delivers instrumentation algorithms, architectures and product concepts for commercialization. To read the complete article, click the below link.
ZTEC Hires Matthew Hunter (PDF)
Senator Udall Visits Verge
April 6, 2010
As part of his New Mexico Spring Work Period Tour, Senator Tom Udall paid a visit to the Verge Building where he discussed the challenges and opportunities facing Verge entrepreneurs. For photos related to the visit, click here.
Altela Featured in E&P Magazine
March 24, 2010
Altela's modular water purification system, AltelaRain, was recently discussed in E&P Magazine. The other notes, "Elegant in its simplicity, a new water reclamation service has been introduced, and it begs the question, Why didn’t we think of this before?" To read the complete article, click here.
Who's Who in Technology Honorees
March 24, 2010
Congratulations to Verge Founding Partner David Durgin, Portfolio Company representatives Randy Krall, Tom Neustedter and Chris Ziomek, and the many supporters and friends of Verge Fund honored on this year’s Who’s Who in Technology list. The awards reception will be held Thursday, April 1, 2010 from 6:00pm - 9:00pm at Intel Corporation. You can register to attend the event here.
Vertical Power to Provide System for new Aircraft
March 23, 2010
Vertical Power has been selected to develop an advanced power management system for a new generation of aircraft powered by a hybrid of gas and electric motors. George Bye, CEO of Bye Energy who developed the system, said, “Vertical Power’s system represents an extraordinary advance in electric power system management for general aviation." To read the complete article, click here.
Vertical Power Introduces VP-X
March 22, 2010
Vertical Power announces the VP-X, an electronic circuit breaker system that simplifies wiring and provides advanced electrical system capabilities. With the VP-X, users can monitor the status of individual devices and the entire electrical system right from your EFIS. Avionics, lights, trim, and flaps can all be controlled using standard switches or the EFIS. Click here to learn more.
Regen's Solar Products Gain Attention
February 12, 2010
Regen, one of the Noribachi companies, recently showcased some if its solar-powered consumer electronics at the Consumer Electronics Show (CES) and won the i-stage competition for Best New Product, design award, and "Fan Favorite". Click the below link to find a list of media coverage Regen received as a result of CES.
Regen Press Coverage (PDF)
Altela Receives $2M for Water-Purification Plant
February 12, 2010
Altela won a $2 million contract with a Pennsylvania firm to build a water-purification plant to service shale-gas operations in the northeastern Marcellus Basin. Altela CEO Ned Godshall said the contract could pave the way for more water-purification units in shale-gas plays throughout the U.S. To read the complete article, click the below link.
Altela Cleans up in Pennsylvania (PDF)
Noribachi Launches Albuquerque Solar Firm
February 10, 2010
The Noribachi Group is launching a new company in Albuquerque to build solar panels. The new firm, Solar Distinction Inc., says it will employ about 300 workers within two or three years, eventually growing to about 500 employees. The plant is set to open by year-end 2010, with enough operating capacity to produce 25 megawatts of solar panels, said Noribachi Partner Joe Gillach. It will expand to a 50-megawatt capacity within two years. To read the complete article, click the below link.
Noribachi Launches ABQ Solar Firm (PDF)
TruTouch Featured in Medical Device Daily
February 5, 2010
The newly developed TruTouch 2000 fingertouch biometric intoxication device was featured in the January edition of Medical Device Daily. Dr. Richard Gill, President/CEO of TruTouch, said, “We are delighted to announce the successful calibration of our newly developed TruTouch 2000, which will help advance commercialization of our current TruTouch intoxication detection systems." To read the complete article, click the below link.
Medical Device Daily (PDF)
Tom Stephenson featured in NMBW
January 25, 2010
As lab-based energy research grows, lab officials, venture capitalists and businesses are working hard to get new technologies to the marketplace. Verge partner Tom Stephenson commented on energy research fueling new commercial technologies. “Given the emphasis on renewable energy, I believe we’ll see a lot of new opportunities pop up,” Stephenson said. To read the complete article, click the below link.
Energy research fuels new commercial technologies (PDF)
TruTouch Announces Successful Clinical Testing
January 22, 2010
TruTouch Technologies announced that it has successfully carried out human clinical trials of its newest finger-touch detection system for alcohol intoxication, in collaboration with Lovelace Scientific Resources. Dr. Richard Gill, President and CEO of TruTouch, said, "We are delighted to announce the successful calibration of our newly developed TruTouch 2000, which will help advance commercialization of our current TruTouch intoxication detection systems." To read the complete article, please click the below link.
TruTouch Announces Successful Clinical Testing (PDF)
Tom Stephenson featured on KNME's 'NM in Focus'
January 22, 2010
Verge Fund partner Tom Stephenson was featured on 'NM in Focus' and discussed how too many New Mexico college students are getting their diplomas and then leaving the state, never to return. That "brain drain", as it's called, is costing the state millions and millions of dollars. Stephenson explained what’s causing the state's best and brightest to leave, and how business owners and policy makers can stem the tide. To watch the episode, please click here.
Joy of Spa Makes Gift Buying a Breeze
December 28, 2009
With Joy of Spa, gift buyers can choose from Instant Gift Certificates to individual spas across the U.S., or Joy of Spa Gift Certificates, universal spa gift certificates redeemable at thousands of spas across the U.S. Both options provide gift buyers with one-stop gift shopping for the perfect gift—the gift of spa. For the complete article, please click the link below
Joy of Spa (PDF)
Vertical Power Completes MOU with Bye Energy
December 10, 2009
Vertical Power has announced a Memorandum of Understanding (MOU) with Bye Energy, Inc., an integrator of alternative energy and renewable fuel technologies for business and general aviation aircraft. The two companies are collaborating on the incorporation of Vertical Power’s electrical power management system into Bye Energy’s electric hybrid propulsion system (EHPS). The initial focus will be in the experimental and light sport markets and eventually certified aircraft and military applications. To read the complete article, click the below link.
Vertical Power Completes MOU with Bye Energy (PDF)
TruTouch Closes Interim Funding Round
December 9, 2009
TruTouch Technologies announced that it has closed a $1.3 million venture and angel investor interim funding round to support continued product commercialization and new technology development. Dr. Richard D. Gill, President and CEO of TruTouch, said, “We are delighted to announce the closure of this oversubscribed interim funding round, which will help advance commercialization of our current TruTouch intoxication detection systems." To read the complete article, click the below link.
TruTouch Raises $1.3 Million (PDF)
TruTouch Featured in NMBW
December 1, 2009
TruTouch Technologies recently has been focusing on reorienting its business strategy and recapitalizing the company. “To raise money, we needed to make the valuation attractive to the market,” said TruTouch CEO, Richard Gill. The company also re-engineered its intoxication-testing device this year, leading to a second-generation product in September that is much cheaper to make. The new device requires only a single finger to read alcohol levels, and it produces results in just 10 seconds. To read the complete article, click the below link.
TruTouch Received a Business Makeover (PDF)
Regen Wins Top Prize at Technology Competition
November 6, 2009
Regen, one of the Noribachi portfolio companies, took the top prize for its ReNu personal solar power generation and storage system at the second annual i-stage competition, a technology event featuring the most innovative consumer technology products that will soon come to market. To read the complete article, click here.
Vibrant Featured in BusinessWeek
October 29, 2009
In BusinessWeek's column, 'Beyond Eureka,' Vibrant President and CEO Lem Hunter discusses how he and his team started Vibrant after narrowing down about dozen ideas for new products. To read the complete article, click here. Vibrant was also featured in the slide show 'How 20 Business Ideas Were hatched.' To read that section, click here.
ZTEC Hires New Vice President of Sales & Marketing
October 21, 2009
ZTEC Instruments has hired Gary Tilley as the new Vice President of Sales & Marketing. Gary is a fifteen year veteran of the test and measurement industry and brings strong international and domestic sales leadership to the team. Gary will help establish a larger market presence for ZTEC Instruments globally and grow into adjacent markets. To read the full article, click here.
Nuvita Featured in BusinessWeek
October 20, 2009
In BusinessWeek's column 'How 20 Business Ideas Were hatched,' Nuvita CEO Ron McPhee discussed how through innovative technology, Nuvita provides motivation, accountability, and convenience to people who think they need to take better care of themselves and get in shape. To read the complete article, click here.
TruTouch Technologies Granted Research Award
September 28, 2009
The Driver Alcohol Detection System for Safety (DADSS) Research Program announced the granting of proof-of-concept research awards to three companies including TruTouch Technologies. “These awards move the nation significantly closer to, one day, eliminating drunk driving,” said Laura Dean–Mooney, national president of Mothers Against Drunk Driving. To read the complete article, please click the below link.
Research Awards Granted to Three Companies (PDF)
Beckman Coulter makes deal with IntelliCyt
September 25, 2009
Under an agreement signed in August, Beckman Coulter has become the exclusive global distributor of IntelliCyt's HyperCyt, a high-speed cytometer, or cell scanner. “This gives us the ability to distribute our product on a worldwide basis,” said IntelliCyt President and CEO Terry Dunlay. To read the complete article, click here.
Congratulations to Dave Durgin
September 23, 2009
Dave Durgin has been named as one of the twenty five new Power Brokers by New Mexico Business Weekly. Come congratulate all the people who make business tick in New Mexico at Power Party 2009. This event brings together a who's who of the state's most influential people and will be held at Explora on October 1, 2009 from 6-9pm. For more information on Power Party 2009 and how to register, please click here.
LabStart Looks for Promising Technologies
September 8, 2009
LabStart, a joint undertaking between two venture capital firms, Verge Fund and ARCH Venture Partners, has been formed to help discover technologies that are diamonds in the rough at Los Alamos National Laboratory. Russ Hopper, LabStart’s entrepreneur in residence, envisions the joint venture’s efforts as producing the seed of a vibrant entrepreneurial culture in Los Alamos. Hopper stresses that LabStart helps researchers get their inventions into the marketplace. “I would love to see 10 or 20 startups come out of the Lab and provide employment for talented individuals in the area,” he said. To read the article in its entirety, please click the below link.
LabStart looks for diamonds in the rough (PDF)
Altela Awarded $900,000.00 contract from NETL
August 20, 2009
Congratulations to Altela for being awarded a NETL (National Energy Technology Laboratory) contract to demonstrate its unique AltelaRainSM technology in the Marcellus basin of western Pennsylvania. Click here to read the full article.
TruTouch Technologies to Receive Funding from ACTS
July 29, 2009
In an attempt to eliminate a large portion of alcohol related injuries and deaths caused by alcohol-impaired driving, the Automotive Coalition for Traffic Safety, ACTS, has selected TruTouch Technologies' light-based alcohol detection system to receive developmental funding. "Too many lives have been devastated by impaired drivers. We need to attack this problem from every angle, including advancing technology like TruTouch," U.S. Senator Jeff Bingaman said. "TruTouch holds great promise, which is why the federal government is investing in this New Mexico company." To read the article in its entirety, please click here.
NMBW Who’s Who in Technology
July 23, 2009
Congratulations to Verge’s Tom Stephenson, Intellicyt’s Terry Dunlay, Altela’s Ned Godshall, Vibrant’s Lem Hunter, and TruTouch Technologies' Director Jim McNally on being selected for New Mexico Business Weekly’s Who’s Who in Technology! “The list recognizes and spotlights the accomplishments of the people who are keeping the state on the cutting edge of technological advances. Honorees come from both the public and private sector, and represent different industries and roles. They are the key players in New Mexico technology — the people readers need to know if they do business in the field.” Please click here to read the complete article.
Verge EIR presents at Small Business Symposium
July 17, 2009
Verge Entrepreneur in Residence, Paul Short, presented at the SBDC Business Owners and Entrepreneurs Symposium Friday, July 17th in Las Cruces. For more information on the SBDC, please click here. Below are slides from Paul's presentation.
Paul Short Valuation Presentation (PDF)
Verge Fund backs Vibrant Corporation
July 3, 2009
Vibrant Corporation has closed a follow-on financing round from Verge Fund, other existing investors and new investors. “Vibrant is gaining meaningful traction in the aerospace and power generation non-destructive testing markets. Without the support of Verge and our other investors, we would not be able to meet the needs of our customers in a timely fashion,” said Lem Hunter, President and CEO of Vibrant. To read the complete article, click the below link.
Verge Fund Backs Vibrant Corporation (PDF)
SpaBoom Spas Break $50 Million Barrier
May 19, 2009
SpaBoom, the spa industry's preeminent provider of online instant gift certificates and spa marketing, announced they've facilitated over $50M in sales for their spas since inception in mid 2005. A majority of those sales have occurred after postal deadlines have passed and represent gift sales the spas would not have otherwise enjoyed, demonstrating how SpaBoom's technology strongly augments spas', salons' and massage therapists' gift programs. To read the complete article, click the below link.
SpaBoom Spas Break $50M Barrier - May 19, 2009 (PDF)
Noribachi featured in NMBW
May 1, 2009
Noribachi is retrofitting the Bosque School's nearly 100 outdoor light poles with light-emitting diodes (LED)which are solar powered and wired to shut on and off automatically. The school is also outfitting the campus with artistic sculptures which also include photovoltaic LED technology to light walkways, building entrances and other areas.
Noribachi NMBW article - May 1, 2009 (PDF)
BoomTime Launches Joy of Spa
May 1, 2009
BoomTime has launched Joy of Spa, providing the gift of spa – instantly – from thousands of spas. Joy of Spa, a SpaBoom company, provides a great online resource for female spa enthusiasts. An information source as well as a national directory of spas from which Instant Gift Certificates may be purchased, Joy of Spa shares the love of spa and wellness with an ever-expanding online audience while easily facilitating online gift purchases. To read the full article, click here.
Congratulations to Dave Durgin and Sherry Robinson
April 18, 2009
“Entrepreneur to Investor the Hard Way” by David Durgin with Sherry Robinson won first place in nonfiction categories in the 2009 New Mexico Press Women communications contest. The award was presented April 18 during the group’s annual meeting in Santa Fe. “Entrepreneur to Investor” describes the long, bootstrapped career of Dave Durgin, a successful Albuquerque entrepreneur, angel investor and venture capitalist. A contest judge commented: “Valuable and timely information. Thorough recount of Durgin’s trials and tribulations. It gives hope to future entrepreneurs.”
Nuvita wins NMTC 2008 TechEx Solution Award
April 2, 2009
Congratulations to Nuvita for being acknowledged with an NMTC 2008 Technology Excellence Solutions Award for their Nuvita Wellness program. A full list of the NMTC Tech Ex Award recipients, can be found here
Tech firms put growth on hold to cope with today
March 30, 2009
Lem Hunter, president and CEO of Vibrant Corp., said growth is not a goal for his business in the current economy. To continue reading, click here.
LabStart EIR to speak at LANL Innovators Forum
March 17, 2009
LabStart Entrepreneur-in-Residence, Russ Hopper, will be speaking at the LANL Innovators Forum today, March 17, 2009. Also in attendance will be Verge Partners Ray Radosevich and Tom Stephenson. The LANL Innovators Forum provides innovators with a networking opportunity and fresh insights into the world of start-ups, spin-offs and the management of small technology businesses. To learn more about LabStart click here
McPhee & Stephenson Judges for Camino Real Venture Comp.
March 8, 2009
Verge Partners, Ron McPhee and Tom Stephenson were guest judges at the 2009 Camino Real Venture Competition at the University of El Paso, College of Business on March 5-7, 2009. The Camino Real Venture Competition’s (CRVC) primary purpose is to provide a venue for young entrepreneurs to develop a business concept from planning stage, to start up, and hopefully to product commercialization. To read more about the competition please click here.
Stephenson Presents at UNM’s STC Lecture Series
February 11, 2009
Verge Partner Tom Stephenson recently spoke to UNM professors, staff and students on ‘Preparing to Create a Start-Up Company.’ The presentation covered a number of topics such as the self-evaluation processes necessary before embarking on a challenging and uncertain path in starting a company, different types of entrepreneurial companies and the elements of the growth business. The seminar was sponsored by STC@UNM as part of their effort to educate University constituents on the process of building a tech-based company.
Click here to view the Slide Show Presentation (PDF)
NM Tech announces 2nd annual Verge Fund Lecture
For the second year in a row NM Tech and Verge Fund will partner to bring to the NM Tech campus a series of yet to be finalized speakers. The speaker series is one element in an overall effort to help engineering and management students and faculty members learn to see commercial opportunities for scientific applications. Click here for the full article.
Stephenson Presents at Leadership New Mexico
January 9, 2009
Verge partner, Tom Stephenson, was recently an invited speaker at the Economic Development session of the Core program for Leadership New Mexico. Tom, who is a 2000 graduate of Leadership New Mexico, provided an overview of venture capital's role in small business development start up.
Click here for the Slide Show Presentation (PDF)
David Durgin in New Mexico Business Weekly
December 12, 2008
New Mexico Business Weekly credits David Durgin with putting tech transfers on New Mexico's plate by helping "start and grow dozens of technology companies in the state." Click here for the full article.
Oct./Nov. Culture Chronicles Column Released
November 1, 2008
The October/November issue of Innovation Magazine was recently released, including the regular column by Quadric CEO, Paul Short. His article, "The Company Personality", can be found here.
Portfolio Company AltaView Tests Equipment at PBR
October 31, 2008
Verge Portfolio Company, AltaView, tested their BioMeterics equipment at the Professional Bull Riding event the weekend of October 31, 2008. Click here to see footage of the event and the BioMeterics Heart Rate Monitor at the bottom right of the screen.
Stephenson on Santa Fe Public Radio
October 31, 2008
Verge managing partner Tom Stephenson was recently interviewed by Santa Fe Public Radio's Cynthia Cook about the state of New Mexico's venture capital industry in light of the recent economic meltdown. The report was featured on Santa Fe Public Radio's "At Noon" show. Stephenson sits on the board of the New Mexico Venture Capital Association and serves its Chairman of the Statistics Gathering Committee. Click here to listen to the report from KSFR Santa Fe.
Durgin Book Signing at Page One
October 30, 2008
Verge partner Dave Durgin recently released his new book, "Entrepreneur to Investor The Hard Way" and will be promoting it on November 12th at Page One Bookstore. Click here for more on Durgin's autobiography in the Albuquerque Journal.
Click here for the Page One Flier. (PDF)
Short Presents at Arrowhead Center
October 16, 2008
This Friday, Verge Entrepreneur-in-Residence Paul Short presented for the New Mexico State University Arrowhead Center on the topic of "Creating Commitment in Your Organization."
Click here for Arrowhead flyer. (PDF)
ZTEC Awarded JTIP Grant
October 10, 2008
Verge portfolio company ZTEC was recently added to the list of companies awarded funds by the state Job Incentive Training Program (JTIP) board. ZTEC will receive $62 K from the program.
Stephenson Presents at TVC CCET Seminar
October 3, 2008
Verge Partner Tom Stephenson recently presented for TVC's Center for Commercialization and Entrepreneurial Training (CCET) seminar series in Albuquerque. The "Call For Business Plans Event" provided ideas and support for inventors and entrepreneurs looking for help to get their idea off the ground. Click the link below for a copy of Stephenson's presentation.
Stephenson October 2008 CCET Presentation (PDF)
Verge Building Filling with "Tiny Techs"
October 3, 2008
The Verge Building is continuing to boom with the energy of high-tech startups from all around New Mexico. Recently, New Mexico Business Weekly covered the story, highlighting one of the Verge Building's most recent occupants, Verge portfolio company, IntelliCyt. Click here to read the article.
VC Still Going Strong Despite Weak Economy
October 3, 2008
In the face of the recent economic crisis, New Mexico Business Weekly recently spoke with Verge Managing Partner Tom Stephenson about the recent and possible effects on venture capital in the state. Click here to read the NMBW article.
Durgin Offers Life Lessons in Autobiography
September 29, 2008
Verge partner David Durgin recently released his autobiography, entitled "Entrepreneur to Investor The Hard Way," with long-time New Mexico business journalist, Sherry Robinson. In it, Durgin offers his life experience and lessons for those on the same path. The book can be purchased for $22.95 from Sunstone Press of Santa Fe (orders@sunstonepress.com or 1-800-243-5644).
Click here for full press release. (PDF)
Vibrant Announces International Joint Venture
September 10, 2008
Verge Portfolio Company Vibrant recently teamed up with Johnson and Allen Ltd. to form a joint venture that will allow them to provide Process Compensated Resonance Testing (PCRT) services and equipment to the United Kingdom. Click here for the article from New Mexico Business Weekly. Click here for full press release.
ZTEC Earns LXI Class C Compliance
September 8, 2008
Verge Portfoio Company ZTEC recently earned LXI Class C compliance for its 1 GHz ZT4610 and 300 MHz ZT4210 LAN/Ethernet-based digital oscilloscopes, making them the highest channel density LXI oscilloscopes currently on the market. Click here for full press release.
LANL Partners with Verge & ARCH Ventures
September 3, 2008
Los Alamos National Laboratory recently announced its plan to partner with Verge Fund and ARCH Venture Partners for the Los Alamos Venture Acceleration (LAVA) Initiative, a program aimed at strategically spinning off technology-based companies from the Laboratory with emphasis on establishing new businesses in Northern New Mexico. Click here for the entire story from New Mexico Business Weekly.
LANL Press Release (PDF)
Aug./Sept. Culture Chronicles Column Released
September 1, 2008
The August/September issue of Innovation Magazine was recently released, including the regular column by Quadric CEO, Paul Short. His article, "Design Your Own Culture", can be found here.
Current Argus Features Article by Verge Partner
August 25, 2008
Carlsbad's online news source, The Current Argus, recently featured an article by Verge partner Tom Stephenson. The article is entitled "Financing decisions in the real world."
Click here to read the article. (PDF)
Cibola Beacon Features Article by Verge Partner
August 25, 2008
The Cibola County community newspaper, the Cibola County Beacon, recently featured an article by Verge partner Tom Stephenson. The article, entitled "Equity Capital: Show me the money," can be found here.
Altela to Receive JTIP Funds from State
August 19, 2008
Altela, Inc. is among four New Mexico companies to receive a cut of the $214,000 from the state Job Incentive Training Program. The funds will allow Altela to create 12 new jobs, nearly a third of the total count. Click here for more information from New Mexico Business Weekly.
Verge Invests in Vibrant
August 7, 2008
Verge announces its investment in Vibrant Corporation, an Albuquerque company that uses proprietary technology licensed from Quasar International to conduct non-destructive testing on aerospace components. Click here for full press release.
Vibrant Awarded JTIP Grant
July 24, 2008
The JTIP board recently approved funds to support the creation of 253 jobs in New Mexico. Among the firms receiving a cut is Verge portfolio company, Vibrant Corporation, which will receive$53,386 for creating six jobs. Click here for more information from New Mexico Business Weekly.
Nuvita's Wellness Program Launched in LA & OC
July 21, 2008
Nuvita is proud to announce the launch of its Next-generation Corporate Wellness Program in Los Angeles and Orange counties, designed to change long-term at-work fitness behavior. This month's strategic SoCal launch comes before an anticipated national roll out later this year.
Click here for full press release. (PDF)
TruTouch Joins DWI Business Alliance
July 21, 2008
TruTouch Technologies recently joined a city of Albuquerque alliance aimed at reducing death and injury from car crashes involving drugs and alcohol. The alliance is free and open to all businesses. For the entire ABQ Journal story, click here.
Kassicieh ASM's First Distinguished Professor
July 21, 2008
Verge Limited Partner Sul Kassicieh has recently been named a University of New Mexico Distinguished Professor, the highest faculty title the University bestows. For details, click here.
Altela/Laramie Energy Release Water into CO River
July 16, 2008
Altela, Inc. recently teamed up with Laramie Energy II, LLC in Colorado to produce and release clean distilled water into the Colorado River for the first time using Altela’s ARS-4000 system. Click here for additional coverage of the story by Colorado Energy News.
Click here for full press release. (PDF)
Altela CEO Named to ASM Board of Directors
July 7, 2008
The University of New Mexico's Anderson School of Management has announced eight new members to its board of directors. Among them is Altela Inc. CEO, Ned Godshall. The Anderson School Foundation Board is comprised of Albuquerque business leaders who provide direction and support to the school. For more information, click here.
Verge EIR to Speak at Entrepreneurial Seminar
July 1, 2008
Verge Entrepreneur In Residence, Paul Short, is set to speak at Technology Venture Corporation's next CCET seminar, "Entering the Entrepreneurial World." The seminar will take place at the UNM Science & Technology Park Auditorium on July 9 from 8:00 am to 12:00 noon. For more information about the seminar, click here.
June/July Culture Chronicles Column Released
July 1, 2008
The June/July issue of Innovation Magazine was recently released, including the regular column by Quadric CEO, Paul Short. In this issue Short discusses "Creating Purpose in Work." Click here to read the entire article.
ZTEC #3 on NMBW's Fast-Trackers List
June 27, 2008
ZTEC Instruments was recently featured in New Mexico Business Weekly's list of Fast Trackers. The annual list features New Mexico's fastest growing companies, splitting them up into small, medium, and large, based on 2007 revenues. ZTEC is the #3 medium company on this year's list with a composite growth rate of 32.36%. For more information, see this week's issue of New Mexico Business Weekly.
TruTouch #1 on NMBW's Fast-Trackers List
June 27, 2008
TruTouch Technologies was recently featured in New Mexico Business Weekly's annual list of Fast Trackers. The list features New Mexico's fastest growing companies, splitting them up into small, medium, and large, based on 2007 revenues. This year, TruTouch was honored as the #1 fastest growing small company in New Mexico with a composite growth rate of 5618.82%. For more information, see this week's issue of New Mexico Business Weekly.
ABQ Journal Features Article by Verge Partner
June 26, 2008
The Albuquerque Journal recently featured an article by Verge Partner, Tom Stephenson. In the article, Stephenson offers some advice for new entrepreneurs in the beginning stages of their business. For a look at the article, click here.
ZTEC Introduces ZT4210 LAN Oscilloscopes
June 18, 2008
ZTEC's latest product, the ZT4210 LAN Oscilloscope, was designed specifically for ATE, aerospace & defense, and embedded test applications and delivers all of the necessary functionality in a compact size. For the full press release, click here.
Altela Featured on Planet Green's G Word
June 3, 2008
The brand new national environmental educational television channel, Planet Green, recently visited Altela for an episode of G Word. The new series offers a lively and sometimes bold look at eco-consciousness and how we can help create a more sustainable earth. The show visited both Altela's manufacturing plant in Albuquerque and also one of their field systems operating at a gas well in Farmington. The episode , called "Make it Rain", will air several times this summer; first on June 16th. For the series schedule, click here.
AltelaRain Process Outlined in Green Tech Blog
May 29, 2008
Shortly after presenting to investors in California, Altela was featured in CNET.com's Green Tech Blog. The article outlines the company's "clean technology" system that turns the old groundwater extracted in oil or gas production into clean drinking water. To read the entire article, click here.
April/May Culture Chronicles Column Released
May 1, 2008
The April/May issue of Innovation Magazine was recently released including the regular column by Quadric CEO, Paul Short. In this issue of the magazine, Short discusses "That Little Voice Called Ego." Click here to read the entire article.
Verge's Giannini Honored by NMBW
April 24, 2008
Verge Fund’s Director of Operations, Amanda Giannini, was recently selected as one of New Mexico Business Weekly's “40 Under Forty.” Each year, the newspaper selects just forty of the state’s “most promising young business people” for the list. For the complete article highlighting the accomplishments of Giannini and other outstanding young business people throughout New Mexico, see this week’s issue of New Mexico Business Weekly. Click here for additional information.
ZTEC Introduces New Series Oscilloscopes
April 21, 2008
ZTEC Instruments introduces the ZT4210 series of 300 MHz oscilloscopes in PXI, PCI, and VXI form factors. The new series is designed to replace benchtop oscilloscopes in many ATE, aerospace, defense, and portable test applications. For more specifications and the full press release, click here.
Durgin, TruTouch Featured in SmallBiz
April 16, 2008
Verge partner Dave Durgin and Verge portfolio company TruTouch Technologies were recently featured in Business Weekly’s SmallBiz. The article highlights the thriving venture capital market in New Mexico and the many dynamic factors that support it. To read the article for the April/May issue of SmallBiz, click here.
Nuvita Featured in NMBW
April 4, 2008
Verge portfolio company, Nuvita is featured in this week's issue of New Mexico Business Weekly. The article outlines the goals and recent accomplishments of the wellness promoting start-up. To read the article, click here.
BoomTime Introduces EntréeBoom
March 18, 2008
BoomTime has just launched EntréeBoom! Similar to SpaBoom, EntréeBoom allows restaurants to increase their gift certificate sales by turning their website into a profit center with Instant Gift Certificates. To read the press release, click here.
Ned Godshall Inducted into ASM Hall of Fame
March 1, 2008
Altela CEO, Ned Godshall, was recently inducted in the UNM Anderson School of Management 2008 Hall of Fame. According to Deborah Gorenz, Anderson Foundation Board Advancement Committee Chair, the candidates were chosen based on their professional success, contribution to community, and ongoing commitment to education. The Anderson Hall of Fame honorees were recognized at the Hall of Fame dinner at the Student Union Building at the University of New Mexico on March 18, 2008.
Altela Featured in the Alibi
February 28, 2008
Verge portfolio company Altela, Inc. was recently featured in the Alibi. The article highlights Altela's mission and method and places emphasis on the hope that Altela's technology provides. For a look at the article, click here.
McNally Speaks to Students at ASM
February 25, 2008
Jim McNally, CEO of TruTouch Technologies, recently spoke to a group of students at the Anderson School of Management on the topic of entrepreneurship and leadership. McNally is the fourth speaker to address students as part of UNM's Technology Business Plan Competition. Click here for the story in the University of New Mexico's Daily Lobo.
Nanocrystal Featured in NMBW
February 22, 2008
Verge portfolio company Nanocrystal was recently featured in a New Mexico Business Weekly article. The article highlights Nanocrystal's involvement with Verge and the University of New Mexico. Click here for the story in New Mexico Business Weekly.
SpaBoom Hits $20M in Online Sales
February 15, 2008
SpaBoom recently hit a milestone of $20M in online sales via instant gift certificates, already doubling the amount they had sold as of October. For the full press release, click here.
TruTouch Appoints Executive VP
January 31, 2008
Verge portfolio company TruTouch Technologies announces the appointment of Timothy Tigner as Executive Vice President. Tigner has more than 20 years experience in the international medical device industry and earned his MBA from the Wharton School of the University of Pennsylvania. Tigner, formerly with FoxHollow Technologies and JNJ, is responsible to drive TruTouch’s sales strategies for multiple new products into new market applications.
Current Argus Features Article by Verge Partner
January 28, 2008
Carlsbad's online news source, The Current Argus, recently featured an article by Verge partner Tom Stephenson. The article is entitled "Personal motivation will likely determine source of business capital."
Click here to read the article. (PDF)
Godshall Presents to Leadership New Mexico
January 28, 2008
Altela CEO, Ned Godshall, recently presented to a Leadership New Mexico group in Las Cruces, NM.
ZTEC Introduces ZT4610 LAN Oscilloscopes
January 17, 2008
Verge portfolio company, ZTEC Instruments, recently released a new series of high-performance oscilloscopes designed for ATE, aerospace and defense, and embedded applications. For the full press release, click here.
ABQ Journal Features Article by Verge Partner
January 14, 2008
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Holiday Sales Increase for SpaBoom Clients
January 14, 2008
Compared to last year's sales, Verge portfolio company, SpaBoom, reported a 27 percent increase in gift certificate sales this holiday season. Click here for the story in New Mexico Business Weekly.
Altela Featured in Green Tech Blog
December 5, 2007
Verge portfolio company, Altela, was recently mentioned in an article that highlights a few of the companies who have been able to perform water desalination without a membrane. To read the article, click here.
Verge Partner Presents at AAII Meeting
November 13, 2007
Verge partner Tom Stephenson recently presented to the New Mexico chapter of The American Association of Individual Investors on the topic of "Boom in Venture Capital in New Mexico."
Click here to see a copy of the presentation. (PDF)
Vertical Power One of OshKosh's Best Product Demos
October 25, 2007
Verge is proud to announce that portfolio company, Vertical Power, was recently recognized in an AOPA article featuring Oshkosh's best demos. To read the article in AOPA Pilot Magazine, click here.
Verge Partner Presents to Leadership Albuquerque
October 23, 2007
Verge Partner Tom Stephenson recently presented to a Leadership Albuquerque group on Venture Capital’s role in economic development with a presentation entitled "How Venture Capital Impacts New Mexico's Economic Development".
Click here to see a copy of the presentation (PDF)
Altela, Inc. Receives $7.1 Million Investment
October 17, 2007
Verge portfolio company Altela Inc. recently received an investment by a Canadian environmental and energy services company, CCS Income Trust and existing Altela shareholders. The investment will be used to expand the company’s manufacturing plant and accelerate the introduction of its waterremediation products into new markets.
Click here for full press release. (PDF)
Verge/Stephenson Acclaimed in ABQ Tribune
October 15, 2007
This week's Albuquerque Tribune features an article generously highlighting the career of Verge Partner Tom Stephenson, the exciting new Verge Building, and the rest of the Verge team. For a look at the entire article, click here.
Wellkeeper Receives $850,000 in Venture Financing
October 10, 2007
In addition to the $1.2 million in February 2006, Verge portfolio company Wellkeeper Inc. has received an $850,000 venture investment. In this new round, New Mexico Community Capital (NMCC) added $500,000, with the rest coming from Verge and some angel investors. Click here for the entire story in New Mexico Business Weekly.
Verge Partner Presents to Leadership Group
October 4, 2007
Verge Partner Tom Stephenson recently spoke to the inaugural Connect New Mexico program of Leadership New Mexico on the topic of implementing leadership goals with a presentation entitled "How Do You Do It? From Vision to Reality".
Click here to see a copy of the presentation (PDF)
Boomtime Partners with BizLand
September 21, 2007
Verge portfolio company, Boomtime, recently finalized a partnership with BizLand, an award winning, Web-hosting company based out of Maryland. The partnership opens Boomtime up to 20,000 more clients who use BizLand Web services. For more information, visit Boomtime's website or see the article in this week's issue of New Mexico Business Weekly.
Several Verge Deals Recognized by NMBW
September 21, 2007
Verge is proud to announce that four portfolio companies are on New Mexico Business Weekly’s most recent list of venture capital deals. Among them are TruTouch Technologies, Altela, Wellkeeper, and Quadric. See this week's issue of NMBW for more information.
Verge Partner to Present at Coronado Venture Forum
September 4, 2007
Verge's own Tom Stephenson is set to present at the next Coronado Venture panel discussion on September 20th. Tom, along with two other speakers,will discuss, in general, trends in venture financing, the types of businesses getting funded and the kinds of technologies and strategies that especially attract investors. For more on the CVF forum and the featured speakers, click here for the NMBW article.
VP-200 Reviewed in KitPlanes Magazine
September 1, 2007
Vertical Power's new product, the VP-200, was recently reviewed and revered in the September issue of KitPlanes magazine.
Click here to read the KitPlane article. (PDF)
Verge Building Covered by NMBW
August 23, 2007
Verge recently remodeled a 1926 building to call home. The Verge Building will offer office space for existing portfolio companies and other high-tech startups. All of the specifications were covered recently by New Mexico Business Weekly. For a look at the article, click here.
VP Flying High with Eclipse Aviation Corp.
August 10, 2007
Verge portfolio company, Vertical Power, has recently been featured in New Mexico Business Weekly, as part of their story about the new Eclipse Aviation training center. Click here for the article in NMBW.
Altela Unveils Purification System in Farmington
August 10, 2007
Verge portfolio company, Altela, Inc. unveiled its first system at a Merrion Oil and Gas well site in Farmington Thursday with U.S. Representative Tom Udall and about 50 other company and government officials. Click here to read the entire story in the Farmington Daily Times.
Verge Invests in AltaView Technologies
August 1, 2007
Verge announces a $1.1M funding round for AltaView Technologies, an Albuquerque company whose product is a sensor that reads human performance, such as heart rates, for real-time use in sports programs. Click here for today's article in New Mexico Business Weekly.
NMBW Features Verge's Support of NM Tech
July 19, 2007
Verge has recently agreed to provide funding for an on-going speaker series at New Mexico Tech. Verge managing general partner, Tom Stephenson says, "This new support will allow the students to gain greater real-world perspectives from the lecture series, as they further develop their own skills to become the next generation of business leaders in New Mexico.” Click here to read the full story in NMBW.
Full Press Release (PDF)
Sage Sciences featured in NM Business Weekly
July 13, 2007
Verge portfolio company, Sage Sciences, Inc. , has been featured in New Mexico Business Weekly in a story which highlights Sage's upgraded cytometers, cell meters heavily relied on by top medical researchers to look at cells on a molecular level. Click here to read the NMBW story.
Aero-News.Net covers VP-200 Launch
July 9, 2007
Aero-News.Net calls Vertical Power "Hot!" as VP introduces its new solid-state intelligent electrical control system for experimental aircraft at AirVenture 2007. Click here to read the full article.
Vertical Power to Announce VP-200
July 9, 2007
Vertical Power plans to announce their new, solid-state intelligent electrical control system, the VP-200, at AirVenture 2007. The VP-200 uses microprocessors and solid-state switches to provide advanced electrical system features, simplified aircraft wiring, and the ability to eliminate dozens of modules, breakers and switches typically found in today’s aircraft.
Press Release (PDF)
Verge Partner to Speak at Conference in Melbourne
Verge partner, Ray Radosevich, has been invited as a speaker to the 12th International COMS Conference in Melbourne, Australia on September 4, 2007. His presentation is entitled: Investing in Micro and Nano Applications.
Altela CEO to Present at AED Luncheon
June 11, 2007
Altela Inc. CEO, Ned Godshall, will be one of three presenters at the quarterly Albuquerque Economic Development luncheon. For more information, see NMBW article.
TruTouch Makes First Sales
May 21, 2007
TruTouch Technologies recently installed two units at a residential treatment center in Cincinnati where the treatment counselors perform high-volume and daily alcohol screening of their clients; with the TruTouch 1100, the clients are able to self-administer the alcohol screening tests reducing the workload of the treatment counselors. To read a copy of the article click here.
TruTouch Product Tested by Sheriff’s Department
March 31, 2007
An advanced alcohol tester with infrared blood-alcohol level detecting technology developed by Verge portfolio company, TruTouch Technologies, was tested Friday night at a Bernalillo County DWI checkpoint.
Click here to read the story from Eyewitness News 4.
ASM Business Plan Competition
March 26, 2007
The Office of the President and the Anderson School of Management present UNM’s second annual University-Wide Technology Business Plan Competition on March 30, 2007. Verge partners, Ron McPhee and Dr. H. Raymond Radosevich, have been asked to help judge the competition. For more information on ASM's Business Plan Competition click here.
Ray Radosevich Speaks at Innovator's Forum
March 8, 2007
Verge Partner Dr. Ray Radosevich recently spoke at the Innovator's Forum on “Choosing the Right Financing Mechanism and the Right Partner”. Entrepreneurs and innovators were educated about how high-technology start-ups should decide on their funding strategy and what they should pay attention to when choosing a partner. The mission of the Innovator’s Forum is to provide innovators with a networking opportunity and fresh insights into the world of start-ups, spin-offs and the management of small, technology businesses.
Verge Partner Speaks at CCET Seminar
March 7, 2007
Verge Partner Tom Stephenson presented as an invited speaker for the March 2007 session of the Center for Commercialization and Entrepreneurial Training (CCET) seminar series in Albuquerque. Tom's presentation, "Raising Capital" provided an overview of the different avenues for raising capital. CCET is the education/training arm of Technology Ventures Corporation (TVC), in partnership with the National Nuclear Security Administration (NNSA).
Stephenson March 2007 CCET Slides (PDF)
Altela CEO Speaks to Gas Society
February 26, 2007
Verge portfolio company CEO Ned Godshall of Altela, was an invited speaker to the Gas Society of the Permian Basin this month, talking about the company’s novel AltelaRain technology. For an article about the talk that appeared on MyWestTexas.com, click here.
SpaBoom Breaks 1000 Clients
February 7, 2007
Verge portfolio company SpaBoom clientele has increased eight-fold since this time last year to over 1000 clients.
To read the full press release, click here.
Verge Partners Speak at Entrepreneurship Seminar
February 2, 2007
Verge partner David Durgin and Verge CEO In Residenence Paul Short presented a lecture at the 2007 NMSU Entrepreneurship seminar.
Slides From NMSU Lecture (PDF)
Anderson Dedicates Room in Honor of Ray Radosevich
January 26, 2007
The University of New Mexico's Anderson School of Management recently opened a New Student Event Center. The new center includes The Radosevich Room for Management of Technology and Entrepreneurship which will serve as a center for Anderson students engaged in economic development, entrepreneurship, and management of technology projects. Click here to read the full Anderson press release.
Verge Partner Speaks at Leadership Conference
January 6, 2007
Verge partner, Tom Stephenson, was recently an invited speaker at a session for Leadership New Mexico. Tom, who is a 2000 graduate of Leadership New Mexico, provided an overview of venture capital's role in small business development start up.
Stephenson Leadership NM Slides (PDF)
TruTouch Featured in French Le Monde
December 5, 2006
Verge portfolio company, TruTouch Technologies, was the recent focus of an article in French magazine Le Monde. The article discusses the TruTouch infrared blood alcohol level detetecting technology.
TruTouch Featured in Japanese Magazine
December 4, 2006
Verge portfolio company, TruTouch Technologies, was recently featured in the Japanese magazine "Nikkei", the Japanese equivalent to the Wall Street Journal in the United States. No translation is available yet, but the story centers around TruTouch's innovative infrared technoly.
Nikkei Article (PDF)
ZTEC Wins Award for ZT4610 Oscilloscope
December 1, 2006
Verge portfolio company, ZTEC, was named an honorable mention award winner by Test & Measurement World for their ZT4610 oscilloscope technology.
Click here to read the write-up on ZTEC and to view the other award winners.
TruTouch Technologies Featured on Action 7 News
November 28, 2006
Verge portfolio company, TruTouch Technologies, was featured during a KOAT news broadcast in Albuquerque. The story highlighed TruTouch's potential to curb drinking and driving through its innovative technology.
The video clip can be found here.
TruTouch Technologies Featured on Front Page of New York Times
November 20, 2006
Verge portfolio company, TruTouch Technologies, was featured on the front page of today's New York Times in a story titled "A New Strategy to Discourage Drunk Driving".
The article focuses on TruTouch's infrared blood-alcohol level detecting technology.
NMBW Features Verge Investment in Altela
November 17, 2006
Verge second round investment in Altela will provide half the $1.2 million in new funding for the company to take their water-purification technology to market. CEO Ned Godshall says, "The money will pay for an expansion of our facilities and a large ramp-up in production."
Click here to read the article in New Mexico Business Weekly.
TruTouch Technologies Featured in Time Magazine
November 13, 2006
Verge portfolio company, TruTouch Technologies, was recently featured in the November 13, 2006 issue of Time Magazine. The story names the TruTouch Technologies infrared blood-alcohol detecting unit as one of the best medical inventions of 2006.
Verge Partner Speaks at CCET Seminar
November 7, 2006
Verge Partner Dr. Ray Radosevich presented as an invited speaker for the November, 2006 session of the Center for Commercialization and Entrepreneurial Training (CCET) seminar series in Albuquerque. Ray's presentation, "Organizing the Early-Stage Company" provided an overview of organizational plans to the seminar participants. CCET is the education/training arm of Technology Ventures Corporation (TVC), in partnership with the National Nuclear Security Administration (NNSA).
Radosevich November 2006 CCET Slides (PDF)
ZTEC Founder Featured in Test & Measurement World
November 1, 2006
Christopher Ziomec, Founder and President of Verge portfolio company, ZTEC Instruments, was recently the feature interview in the November, 2006 issue of Test & Measurement World. The interview focuses on the history and innovations of ZTEC.
BoomTime Featured in Albuquerque Journal
October 23, 2006
SpaBoom, the first vertical of Verge portfolio company, Boomtime, was recently featured in the October 22, 2006 Sunday edition of the Albuquerque Journal. The story outlines the success had by BoomTime since its founding in 2005 and highlights the contributions made by Verge to enable that success.
Verge Named Top 100 VC Firm
August 24, 2006
Entrepreneur Magazine has announced that Verge has been named to its list of top 100 Venture Capital Firms for Entrepreneurs. Entrepreneur’s annual report is taken from analysis for the “Money Tree Report” by PricewaterhouseCoopers and the National Venture Capital Association, and is compiled with data based on the number of deals completed in 2005.
Press Release (PDF)
Wellkeeper Investment
February 16, 2006
Wellkeeper announces that it has closed a $1.2 million Series A financing round, led by New Mexico venture capital firm, Verge. These funds will be used to enhance product/service functionality, and grow the company's sales and marketing efforts.
Press Release (PDF)
Verge EIR Presents to TVC CCET Program
January 11, 2006
Verge Entrepreneur-in-Residence Paul Short was an invited presenter at Technology Ventures Corporation’s Center for Commercialization and Entrepreneurial Training. Paul spoke about Creating Commitment in an Organization. CCET is the education/training arm of Technology Ventures Corporation (TVC), in partnership with the National Nuclear Security Administration (NNSA).
Short CCET Slides (PDF)
Verge Partner Speaks to Leadership Group
January 6, 2006
Verge partner Tom Stephenson was an invited speaker to the Economic Development session of Leadership New Mexico, held in Las Cruces. Tom, who is a 2000 graduate of Leadership New Mexico, provided an overview of venture capital, entrepreneurship, and their respective roles in economic development in New Mexico.
Stephenson Leadership NM Slides (PDF)
Verge Partner Keynotes TEC Meeting
December 14, 2005
Verge Partner Tom Stephenson was the featured speaker at Technology Venture Corporation's Technology Executives Council (TEC) luncheon on December 14th. The talk re-capped the banner year in NM venture capital in 2005, and analyzed reasons for the growth. Mr. Stephenson also provided insight on techniques for raising funds in 2006.
Stephenson TEC Slides (PDF)
Verge I Closed
December 5, 2005
New Mexico-focused venture capital fund, Verge, has announced the close of its fundraising for Verge I. Targeting seed and pre-seed-stage technology companies, Verge will now shift all efforts to expanding and assisting its portfolio of promising technology opportunities.
Press Release (PDF)
Verge Welcomes Paul Short
November 22, 2005
New Mexico Seed Fund Verge announced it has welcomed Paul Short, Entrepreneur In Residence, to its team of fund professionals. The decision to expand the Verge team reinforces the firm's emphasis on high involvement in its growing portfolio of high-tech, early stage New Mexico companies.
Press Release (PDF)
Verge Invests in TruTouch Technologies
November 1, 2005
New Mexico seed fund Verge announced its investment in TruTouch Technologies, Inc. as part of a $2.4 million financing round. The financing round, led by Verge ($750,000), included Flywheel Ventures ($750,000), Fort Washington Capital Partners ($750,000), and New Mexico Community Capital ($150,000). TruTouch brings the Verge portfolio of companies to 4 — all New Mexico technologies, all early stage.
Press Release (PDF)
Verge Announces Investment in Altela
August 17, 2005
Verge announces its investment in Altela, Inc, a global provider of water desalination and remediation services to the oil, natural gas, and mineral extraction industries. Verge General Managing Partner Thomas Stephenson will join the Board of Directors of Altela as a result of the financing.
Press Release (PDF)
Verge Invests in Patchwork Systems
August 3, 2005
Verge announces its investment in PatchWork Systems of Albuquerque. Founded by Donna S. Campbell, a long-time Sandia National Laboratory employee and Oracle Applications expert, PatchWork Systems Patch Administration Tool (PAT) reduces the risks and costs associated with maintaining Oracle Applications 11i. Verge partner Bill Bice will play an active role in PatchWork Systems management.
Press Release (PDF)
Verge Partner Speaks at ACI Board Retreat
June 9, 2005
Verge partner Tom Stephenson was an invited speaker at the Association of Commerce and Industry's annual board retreat in Cloudcroft, New Mexico. Tom, an ACI Board Member since 2003, spoke to the group on "Finding Venture Capital and Supporting Entrepreneurs in New Mexico." To view a copy of Tom's slides, click here. The Association of Commerce and Industry (ACI) is the statewide, legislative advocate of business interests, and serves as the statewide chamber of commerce. To learn more about ACI,
Stephenson ACI Slides (PDF)
Verge Partner Speaks at CCET Seminar
April 13, 2005
Verge Partner Tom Stephenson presented as an invited speaker for the April, 2005 session of the Center for Commercialization and Entrepreneurial Training (CCET) seminar series in Albuquerque. Tom's presentation, "Purpose and makeup of a business plan" provided an overview of business plans to the seminar participants. For a copy of Tom's slides, click here. CCET is the education/training arm of Technology Ventures Corporation (TVC), in partnership with the National Nuclear Security Administration (NNSA). For more information about CCET, click here.
Stepheonson April 2005 CCET Slides (PDF)
NMSU Adds Verge Partner to Dean's Advisory Council
March, 14 2005
The College of Engineering at New Mexico State University has announced the addition of Verge partner and co-founder David Durgin to its Dean's Advisory Council. In this capacity, Durgin is working with the college and with the Arrowhead Center to help NMSU structure its approach to technology commercialization.
Verge Partner Speaks at CCET Seminar
January 12, 2005
Verge Partner Tom Stephenson is to be kick-off speaker for the first 2005 session of the Center for Commercialization and Entrepreneurial Training (CCET) seminar series in Albuquerque. Tom's presentation is: "Introduction to Commercializing a Product" and will provide an overview to commercialization, business plans and ethics to the seminar participants. For a copy of Tom's slides, click here. CCET is the education/training arm of Technology Ventures Corporation (TVC), in partnership with the National Nuclear Security Administration (NNSA). For more information about CCET, click here.
Stephenson Jan. 2005 CCET Slides (PDF)
Verge Partners Speak on 770 KKOB
November 7, 2004
Verge partners Bill Bice and Tom Stephenson along are the featured guests on the radio program, High-Tech New Mexico on KKOB AM 770 radio. They talk about "Where's the money in New Mexico?" The pair also discuss the activities and program of the Coronado Ventures Forum (Tom serves as a board member and Treasurer of that organization, and Bill is the featured presenter at the November CVF event).
Coronado Ventures Forum to Feature Verge Partner
November, 1 2004
Verge Partner Bill Bice is to be the featured speaker at the next Coronado Ventures Forum meeting on November 18, 2004. Bill's topic is "Developing Entrepreneurial Culture in Start-ups," and will be based upon his experience as Founder and CEO of ProLaw Software of Albuquerque.
The Coronado Ventures Forum provides education and networking opportunities for investors and entrepreneurs from around New Mexico, but focuses on Northern New Mexico.
Verge Helps Found Venture Capital Association
October, 5 2004
Verge joins other founding members of the New Mexico Venture Capital Association in announcing the creation of the new statewide trade association. Verge Partner Tom Stephenson is serving as the founding President and a Director of the organization.
The creation of the New Mexico Venture Capital Association was the topic of a front page story in the October 11th issue of the New Mexico Business Weekly. To read the full text of that story, click here.
Press Release (PDF)
Verge Invests in ZTEC
September 21, 2004
Verge announces its investment in ZTEC Instruments of Albuquerque. The Verge commitment completes a $750,000 financing round for ZTEC, a New Mexico business providing next-generation modular instrumentation products for the $8B Test and Measurement industry. Verge partner Jim Higdon will join the Board of Directors as a result of the transaction. For the full press release, click here. The announcement of the ZTEC investment was featured in the September 27th issue of the New Mexico Business Weekly. To read the text of the story, click here.
Press Release (PDF)
Verge Partner is NMBW Guest Columnist
September, 17 2004
This week’s edition of the New Mexico Business Weekly features a guest column from Verge partner Tom Stephenson. Tom’s column suggests a framework for evaluating Albuquerque’s progress in developing as a “Tech Center.” To read the column, click here.
Verge Partner to Present at VC Forum
September 16, 2004
Verge partner Tom Stephenson presents the “VC Forum” at the Coronado Ventures Forum meeting. The presentation includes an overview of the Fund and its partners, discusses the types of deals in which Verge is looking to invest, and highlights expected trends for technology entrepreneurship and venture capital investing in New Mexico. To view the slides from Tom’s presentation, click here. The Coronado Ventures Forum provides education and networking opportunities for investors and entrepreneurs from around New Mexico, but focuses on Northern New Mexico. For more information about the Coronado Ventures Forum, click here.
Stephenson CVF Slides (PDF)
Verge Partner Speaks at Rotary Club
August 9, 2004
Verge General Partner Tom Stephenson was the invited speaker to the weekly meeting of the Rotary Club of Albuquerque. The topic of his talk was "Venture Capital in New Mexico: Yesterday, Today and Tomorrow." As one of the longest-tenured venture capitalists in New Mexico, Tom commented on the history of the industry nationwide and here in New Mexico, assessed the current state of the venture capital industry in New Mexico, and challenged the audience to become active participants in the private equity process. For the text and slides from Tom's speech, click here. The Rotary Club of Albuquerque is a local chapter of Rotary International, the second oldest such chapter in the region. For more information on the Rotary Club of Albuquerque, click here.
Stephenson Rotary Speech (PDF)
Verge Partner Speaks at TEC Meeting
July 20, 2004
Verge Partner Jim Higdon served as the featured speaker at the Technology Executives’ Council monthly breakfast meeting today. The topic of his talk was "Getting There and Lessons Learned." After his formal remarks, Jim answered questions and led discussion with the group about other lessons from building a high-technology company in New Mexico. For a copy of Jim's slides from the presentation, click here. The Technology Executives' Council is co-sponsored by Technology Ventures Corporation, the TVI Workforce Training Center and Science and Technology Corporation @ UNM. For more information on TEC click here
Higdon TEC Slides (PDF)