In addition to the many investments as a corporate executive, private equity investor, and investment banker, Bilgola Capital’s investments include the following:
AuthenticID is a software as a service company that offers large enterprise consumer companies a comprehensive automated real-time identity authentication and decisioning solution aimed at minimizing the significant issues they face with identity fraud.
In a matter of seconds, the software automatically captures all identity information on the customer’s ID document, confirms the validity of the government-issued ID for over 190 countries, confirms the current picture of the customer to the image on the ID document, and enrolls the customer in a biometric solution to permit an additional layer of identity management.
Babel Health is a healthcare SAAS company focused on improving the ability of healthcare payers and administrators to accurately analyze their encounter submission data to CMS in compliance with rules for EDPS and RAPS. The company’s software efficiently manages encounter submissions, repairs data files, detects missed submission opportunities, ensures a higher rate of encounter transaction acceptance, and accurately calculates risk-adjusted premiums.
The company’s software is a mission critical component of revenue cycle management and risk scoring.
CompassMSP is building a national managed service provider (MSP) providing enterprise quality managed services to the SMB Market. The company’s strategy is to build a highly trusted brand acting as our clients' IT partner. Our services span the desktop, data center, and network, scaled appropriately to the SMB market and with flexible consumption models including on-premise, public cloud, or private cloud solutions.
The company is making targeted acquisitions of complementary MSPs to form a national best-of-breed platform.
DEBX is an early-stage financial technology company that links a consumer’s credit card with their current checking account to provide the benefits of credit with the fiscal discipline of debit.
The company’s mobile app is targeted to the millions of consumers who use debit cards as a convenient payment tool but who prefer the financial discipline by ensuring they do not extend into expensive credit. By using DEBX, these debit card users will retain the financial discipline but will receive the various benefits of a credit card, namely rewards, points, and buyer protection.
Fonteva is a cloud-based software company that helps associations, charities, and membership organizations to grow, interact, and engage with their members.
The company’s MemberNation product helps associations manage and grow membership by creating and selling any type of membership; by capturing, accessing, and tracking all member data in one centralized system; and by improving efficiency and profitability with a rich view of all member activities. The company also helps associations organize, publish, and advertise special events; build engagement and improve member retention by setting up and motivating online communities; and process payments and generate GL codes and journal entries.
MemberNation is the only end-to-end Association Management Software built on Salesforce.
Foresite is a rapidly growing provider of managed security services and threat mitigation consulting services.
With its suite of services, Foresite aims to satisfy the large and rapidly growing demand from companies of all sizes to address the multiple threats to data and network security by protecting its clients' information assets, defending their data, and assuring their regulatory compliance.
The company offers a range of information security monitoring and alerting, system management, incident response, and threat mitigation services from its security operation centers in Overland Park, KS, and London, UK, and through its global network of consultants.
These services are delivered via Foresite's proprietary managed service platform, ProVision, which has been developed in-house by a team of internationally recognized engineers.
Foresite goes to market exclusively through a network of channel partners, and its clients include companies in the financial, transportation, education, and health care sectors in both the United States and the United Kingdom.
LeaseAccelerator is an enterprise SaaS company that enables large corporations to track, manage, and account for their portfolio of equipment leases through one central platform. The Company’s client base consists of Fortune 500 corporations across the industrial, technology, healthcare and energy sectors.
In addition, the Company’s marketplace (The Global Lessor Network) enables corporate clients to source optimal lease terms through a competitive bidding process.
Modus is a leading provider of software that provides fleet telematics and usage-based insurance solutions for the top insurance carriers and fleet managers in the US and internationally. Modus provides the most technologically advanced, intuitive, and reliable vehicle telematics solution available.
Many of the world’s largest insurers, technology companies, and fleet operators rely on Modus to improve their business performance.
Pixelligent Technologies is an advanced materials company with proprietary nanocrystal dispersion and manufacturing technology that delivers next-generation optical materials for applications in solid-state lighting, flat panel displays, and optical components.
The company’s nanocrystals are used to improve the optical, electronic, thermal, and mechanical properties of commonly used polymers including acrylics, silicones, siloxanes, and epoxies.
RedPoint is a software company that helps data-driven organizations utilize the significant and growing volume of customer data to drive improved customer engagement and profitable, sustained growth. It was founded in 2006 by a team of highly accomplished CRM, marketing, data analytics, and software development professionals.
RedPoint has three offerings: RedPoint Interaction, RedPoint Data Management, and RedPoint Convergent Platform.
Portfolio companies divested
The following investments have been exited.
CipherPoint identifies, encrypts, controls, and audits access to sensitive and regulated data on-premises and in-cloud file sharing and collaboration systems, including SharePoint Online/Office365. CipherPoint’s Eclipse Data Security Suite prevents privileged IT administrators and outside attackers that target IT-level access from accessing sensitive data.
Cipherpoint was acquired by Covata Limited (ASX: CVT) on August 25, 2017.
DialConnection provides a suite of integrated contact center solutions, including inbound and outbound call management solutions, automatic call distribution, interactive voice response, call recording, intelligent text messaging, voice analytics, real-time data automation, and reporting and business analytics tools, via its cloud and premise platforms.
DialConnection's proprietary real-time data management platform enables the company to deliver a fully automated and scalable solution to its diverse customer base within a variety of industries including financial services, education, healthcare, government, and outsourced contact center industries.
In December 2015, Bilgola sold its interests in IGX Global to ePlus Inc. The transaction represents Bilgola’s first material exit and caps a very successful period of growth for the company. In less than three years, management of the company doubled the company’s revenue and profitability. The press release for the transaction can be found here.
The growth of the company is a representative case study of Bilgola’s strategy of partnering with management and accelerating growth from many thoughtful investments and decisions. Selected changes included:
- Significant investment in sales and marketing to drive topline growth
- Completion of one small add-on acquisition that enabled the company to expand its service offerings and moved company up value chain
- Selective hires of professional managers to build management team
- Streamlined business processes to enhance productivity and create more discipline
- Expansion of company’s access to capital, development of budgeting system, and upgrading to sophisticated accounting system
Primary Integration is the leading independent provider of professional engineering and commissioning services for mission critical, enterprise-scale data centers.
PI's expertise is optimizing the uptime and performance of these complex facilities. Primary Integration also provides ongoing sustainable operations consulting to mitigate risks involved with human error and proper training and documentation to support daily operations.
The company was sold to Bureau Veritas S.A. in November 2017 after a period of significant growth.