Velocity Financial Group
Home » News Archive

News Archive

Portfolio Company News Archive - 2008

GameLogic Receives $3MM in Financing from Velocity
GameLogic announced that it has received $3.0 million of debt financing from Velocity Financial Group, Inc., a leading specialty finance company serving middle-market and venture-backed companies. GameLogic uses popular Internet-based game content to help casinos attract new players… 12/17/2008 - GameLogic.com

Suniva Opens the South's First Solar Cell Factory
Suniva, a manufacturer of high value crystalline silicon solar cells, officially opened the first solar factory in the Southeastern US with the help of Georgia Governor Sonny Perdue. Located in the Atlanta metro area, Suniva’s manufacturing facility will create over 100 high-paying, permanent green jobs... 12/11/2008 - Suniva.com

Vormetric Generates Two Consecutive Record-Setting Quarters
Vormetric today announced the completion of two consecutive record-setting quarters driven by a wave of new customers and existing customer expansions in 2008. Vormetric’s record-breaking second quarter was bested by all-time record-breaking sales in the third quarter...11/11/2008 - Vormetric.com

nCircle Highlighted in Deloitte's Technology Fast 50 for the Fourth Consecutive Year
nCircle, a provider of automated security and compliance auditing solutions, has been named to Deloitte's Technology Fast 50 list for Silicon Valley Internet, Media, Entertainment and Communications companies for the fourth consecutive year. 10/31/2008 - ncircle.com

Suniva Produces Record Screen Printed Solar Cells with 20%+ Efficiencies
Suniva today announced that its R&D team has developed several silicon solar cells in its lab with over 20% conversion efficiencies using a patented combination of simple cell designs and screen printing technologies. These milestones have been verified by the National Renewable Energy Laboratory (NREL)... 10/16/2008 - Suniva.com

Marathon and Citrix Partner to Bring World Class High Availability and Fault Tolerance
Citrix Systems and Marathon Technologies today announced that the XenServer HA capabilities highlighted in today’s Citrix XenServerTM 5 virtualization software announcement were jointly developed by Citrix and Marathon.9/15/2008 - Marathontechnologies.com

Brainshark Achieves Key Business Milestones for First Half of 2008
Brainshark the leader in on-demand presentations, today announced the company achieved strong results through the first half of 2008, with revenue growth of 35% over the same period last year. Now exceeding 750 customers, Brainshark added many leading organizations to its roster spanning key industries... 8/21/2008 - Brainshark.com

Veracode's Strong Performance Continues for First Half of 2008
Veracode announced that it has concluded the first half of 2008 with more than 600 percent growth in bookings, as compared to the first half of 2007. The significant growth experienced in the U.S. and Europe in 1H08 was further accentuated by the numerous industry awards Veracode secured...7/29/2008 - Veracode.com

Persystent Technologies Lands $11.6M in Series C Funding
Persystent Technologies, which provides IT professionals a pre-boot utility for monitoring and automatically repairing Windows XP and Vista personal computers, today announced it has raised $11.6 million in Series C funding, lead by ABS Ventures and Valhalla Partners and existing investors.6/2/2008 - Demo.com

Velocity, TriplePoint Provide $12.5 Million in Financing to SchoolNet
The Web site for the Monitor includes a news story describing how Velocity Financial Group and TriplePoint Capital, along with the New York City Investment Fund, have provided $12.5 million in financing to SchoolNet, Inc., a provider of data-driven decision making for K-12 school districts… 5/5/2008 - The Leasing Monitor

VCs, Lenders Keep Close Eye On Venture Debt Markets
Jonathan Matsey, a reporter with VentureWire, speaks with Velocity Financial President Jan Haas about the state of the venture debt market and how companies are still looking for lenders to provide non-dilutive cash. "What I am finding is that there is a propensity that if companies are… 3/26/2008 - VentureWire

Pactolus Wins VON Magazine Innovator Award
Pactolus Communications, makers of the industry's most broadly-deployed SIP applications and service creation and delivery solutions, announced today that it has received a 2008 VON Magazine Innovator Award, a prestigious recognition of innovative companies driving the Internet Communications industry. 3/5/2008 - Pactolus.com

Suniva Closes $50 Million Series B Funding Round
Suniva today announced the completion of its second round of financing for $50 million. The round was co–led by returning investor, New Enterprise Associates, and Advanced Equities, Inc. The Goldman Sachs
Group, Inc. joined the round via its wholly-owned subsidiary Cogentrix Energy, Inc., a leading...
2/5/2008 - Suniva.com

Other News:
2011 |2010 | 2009 | 2008 | 2007