|By PR Newswire||
|November 17, 2012 12:01 PM EST||
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
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Sep. 29, 2016 01:30 PM EDT Reads: 4,444
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Sep. 29, 2016 01:15 PM EDT Reads: 305
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 29, 2016 01:15 PM EDT Reads: 2,903
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 29, 2016 01:15 PM EDT Reads: 3,009
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 29, 2016 01:00 PM EDT Reads: 1,686
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Sep. 29, 2016 12:45 PM EDT Reads: 5,131
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
Sep. 29, 2016 12:30 PM EDT Reads: 1,757
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 29, 2016 12:30 PM EDT Reads: 1,743
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Sep. 29, 2016 12:00 PM EDT Reads: 439
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Sep. 29, 2016 12:00 PM EDT Reads: 3,139
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Sep. 29, 2016 11:45 AM EDT Reads: 2,594
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Sep. 29, 2016 11:30 AM EDT Reads: 2,156
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Sep. 29, 2016 11:00 AM EDT Reads: 301
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Sep. 29, 2016 11:00 AM EDT Reads: 413
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Sep. 29, 2016 11:00 AM EDT Reads: 3,521