Melville, NY – November 3, 2015 – The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the successful completion of its Technology Capital Forum held on October 23, 2015. The capital forum featured presentations by companies which have connections to the Long Island region and are building business around technologies used for communications, social media, education and productivity applications.
Five technology companies presented their businesses to an audience that included venture capital firms, investment banks, private equity firms, angel and high net worth investors. Each of the companies selected by LICA for presentation at the capital forum possesses unique intellectual properties with catalysts for growth based on highly leverageable business models. Keynote speaker David Hershberg, Chairman and Chief Executive Officer of STS Global Inc., discussed his success stories from building and monetizing technology companies, including Globecomm Systems Inc., on Long Island for more than 50 years.
“The Technology Capital Forum has proven to be an excellent networking event for both investors and the leaders of some of the areas hottest technology companies,” said Neil Kaufman, Chairman of LICA. “We are delighted to be playing a crucial role in the helping these companies realize their capital raising potential as well as facilitating business development relationships that collectively should help drive the Long Island economy.”
Commenting on the event, David A. Palmieri, Co-Founder of presenting company URBNEYE, said: “Thank you for giving URBNEYE the opportunity to present at LICA's Capital Forum, it was a great experience for us. The conversation was inspiring and extremely valuable for us going forward. I am sure the other companies that presented feel the same way. We greatly appreciate your help in preparing us for the event and were happy to see that your hard work was a success.”
“Thank you for your hard work in putting this event together. We have already received several e-mails asking for follow up meetings,” said Anita D’Amico, CEO of Code Dx, a presenter at the capital forum.
Michael Sher, Co-Founder of presenting company Centrallo, noted, “The forum was extremely well organized and it gave me the opportunity to sharpen my investor deck. George [Likourezos, a LICA sponsor, Board member, and Partner at the intellectual property law firm of Carter, DeLuca, Farrell & Schmidt LLP] has been incredibly helpful in making introductions. From a networking perspective we made some good connections; I met some professionals that I will most definitely be doing business with in the future.”
Technology Capital Forum Presenting Companies
Centrallo: Has developed a cross-platform productivity app that helps people be better organized and in control of personal and business information. The company’s initial app has been launched in more than 100 countries to enable users to store, organize, retrieve and share information.
Code DX®: Based in Northport, NY, provides a software tool that consolidates and normalizes software vulnerabilities detected by multiple code analysis tools. Its visual analytics help to triage and prioritize software vulnerabilities for efficient remediation. It was designed and developed to address the security needs of software developers, security analysts, security auditors and CISOs.
URBNEYE: Based in New York, NY, is a mobile application that delivers real-time visual access that allows users to gauge the scene, ambiance and demographic of public locations directly from mobile devices.
POEM Technology, LLC: Based in Huntington, NY, provides wireless sensor technology for use by commercial and consumer through integration with IoT (Internet of things) devices and installations. The company’s name is derived from the sensors manufactured which are Points Of Entry Monitors that leverage Internet access to streamline operations and increase efficiency.
Buncee LLC: Based in Calverton, NY, provides fun and easy to use web-based tools for creation and presentation of digital and multimedia content that helps students and educators across the world create and learn, both within and outside of the classroom.
Technology Capital Forum Panel of Investors
The following investment professionals participated in the panel discussion at the Technology Capital Forum:
Mark Elenowitz: Mr. Elenowitz is the CEO of TriPoint Global Equities, LLC and BANQ®, a leading electronic broker-dealer. He integrates a successful entrepreneurial background with extensive financial services and capital markets experience to advise clients on financings and acquisitions. Mr. Elenowitz is also Managing Director of TriPoint Capital Advisors, LLC. He is the recipient of several entrepreneurial awards and has been profiled in BusinessWeek and on CNBC.
Evan Greenberg: Mr. Greenberg is the founder and lead portfolio manager at LegendCap Funds LLC. He advises public and private firms on growth strategy, financing, and investor communications, helping them develop into larger, more successful firms. In addition, he has many years of experience advising companies on leveraged recapitalizations and management-led buyouts. A Long Islander his entire life, Mr. Greenberg began his professional career on Wall Street as a financial advisor. Following a tenure of substantial returns for his clients, he founded a small-cap oriented hedge fund to manage client assets on a discretionary basis. After selling the fund, he started LegendCap to both advise early stage companies and manage a fund that invests in public and private companies operating in growth sectors of the economy.
Tim Foster: Mr. Foster currently focuses on the metro New York market for LLR Partners, a firm that manages capital for and invests in private companies. He sources and evaluates new investment opportunities for LLR and potential acquisitions for portfolio companies. Prior to LLR, he worked for KPMG, where he was a Business Development Director responsible for building relationships with investors, business owners and service providers in the Mid-Atlantic and Northeast. With a B.S from University of Pennsylvania, he previously served as Business Development Manager for Edison Ventures.
Next LICA Capital Forum
LICA is hosting a Healthcare Capital Forum on Friday, January 15, 2016 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747. The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging growth companies.
About Long Island Capital Alliance
Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.
LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature, middle market, closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.
For more information on LICA and its next event, please contact LICA today or register online.
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Darrow Associates, Inc.