Welcome!

News Feed Item

Entrepreneurial leaders from KAYAK, MedExpress Urgent Care and SKYDEX Technologies Inc. receive Ernst & Young's 2012 Venture Capital Award of Excellence

Square 1 Bank joins Ernst & Young LLP in honoring the 2012 winners

PALM SPRINGS, Calif., Nov. 17, 2012 /PRNewswire/ -- Three entrepreneurial leaders from KAYAK, MedExpress Urgent Care and SKYDEX Technologies Inc. received the Ernst & Young Venture Capital Award of Excellence on Saturday, November 17, at Ernst & Young 's 2012 Strategic Growth Forum® in Palm Springs, CA.  Square 1 Bank co-sponsored the awards.

"There is no debating the fact that entrepreneurs are fueling our economic recovery, and venture capitalists do much more than merely provide capital to those entrepreneurs. They mentor them, provide access to valuable networks and offer the wisdom they have gained by investing in numerous enterprises, both successful and unsuccessful," said Bryan Pearce, Americas Director, Entrepreneur Of The Year® and Venture Capital Advisory Group, Ernst & Young LLP. Clearly, venture capitalists play an outsized role in the American economy. They fund innovation and improve productivity and we're proud today to recognize companies that have truly benefitted from these important relationships.

The Venture Capital (VC) Award of Excellence winners are selected from those Ernst & Young  Entrepreneur Of The Year® regional winners whose companies have been backed by venture capital funding.  The recipients were selected on the basis of VC funding, equity and revenue growth, EBITDA (earnings before interest, taxes, depreciation and amortization) margins, and the stories of their founding.  The winners were selected by an independent panel of judges, including: Brad Feld, Co-founder and Managing Director, Foundry Group; Lawrence D. Lenihan, Jr., Founder, CEO and Managing Director, FirstMark Capital; Adele C. Oliva, Partner, Quaker Partners; Jon Sakoda, Partner, NEA; and Deepak Sindwani, Partner, Bain Capital Ventures.

"Square 1 is excited to continue our support of this great event and the Venture Capital Award of Excellence," said Doug Bowers, President and Chief Executive Officer of Square 1 Bank.  "As a bank founded by entrepreneurs, serving entrepreneurs and their investors, Square 1 is committed to the entrepreneurial and venture capital community.  We are proud to work with Ernst & Young to recognize innovators and investors in the venture capital space for their contributions, as they support job creation and fuel economic growth."

Highlights from the 2012 Venture Capital Award of Excellence winners' stories include:

  • KAYAK, Paul English, Founder & Chief Technology Officer:  
    As one of the leading travel sites, KAYAK receives millions of searches a day. Though business is booming-English, a lifelong technology entrepreneur-believes in employing a small more nimble team in order to keep a finger on the pulse of their clients. He recognizes the importance of making fast decisions as in the online travel industry, any change that does not benefit the company or the customer will quickly be exposed. Clients are often surprised to find they are speaking with English himself who monitors the client comment line personally. KAYAK's performance has been growing and improving steadily-so much so-the company has developed Mobile applications, and expanded from being a search tool for flights and hotels, to a site where the user can convert these searches into purchases. KAYAK's goal is simple; to make travel easier.

 

  • MedExpress Urgent Care, Frank W. Alderman MD, Chief Executive Officer:  
    MedExpress offers an innovative approach to high-quality health care in an efficient and welcoming environment while saving money for patients, employers, insurance companies and the government. Through working in emergency medicine at various independent hospitals, Alderman began to realize inefficiencies in the health care practice, specifically the overcrowded nature of emergency rooms and the inability for a patient to be able to see their primary care physician on a timely basis. Additionally, he noted that a vast majority of all cases seen in the emergency room are not emergent in nature and therefore a lower cost and more efficient option must be created to provide patients a better health care experience. This realization was what led to the initial business model, to create a walk-in medical facility that will provide a vast majority of all services offered at an emergency room or by a primary care physician at an affordable price.

 

  • SKYDEX Technologies Inc, Mike Buchen, Chief Executive Officer:  
    Starting as a research and development firm developing athletic shoe components, SKYDEX Technologies Inc. has emerged as the leading provider for innovative impact and cushioning technologies. SKYDEX was introduced in 2001 by USA Retama Corporation to develop commercial and military applications using its patented technology. Since then, the company has been developing innovative attenuation solutions for blast mitigation, cushioning, impact absorption and vibration reduction for today's most important and demanding applications ever since. As CEO, Buchen is driven by his passion for the American Soldier, their families and protecting the things that really matter. Whether it is convoys across the desert, boat's patrolling the waters, troops keeping guard at the base, or aircraft surveying the airspace, SKYDEX is making service member's jobs safer and less stressful.

About Ernst & Young's Strategic Growth Markets Network

Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies.  For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit www.ey.com

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity.

This news release has been issued by Ernst & Young LLP, a U.S. client-serving member firm of Ernst & Young Global Limited.

About Square 1 Bank

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.

 

 

SOURCE Ernst & Young LLP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls "Bimodal IT," where business struggle to apply modern tools and practices to traditional monolithic applications. But these existing assets can be modernized and made more efficient without havin...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.