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 leading provider of revolutionary software that enables automated real-time identity document authentication solutions based on proprietary worldwide forensic document databases.
Its CatfishAIR family of authentication technologies provides industry-leading identity validation products incorporating proprietary "smart" mobile capture, multifactor biometrics and data, as well as its software-as-a-service document authentication platform, supporting 192 countries and a variety of uses cases and industries. In a matter of seconds, the software automatically captures all identity information on the customer’s ID document, confirms the validity of the Id, confirms the current picture of the customer with the image on the ID document, and enrolls the customer in a biometric solution to permit an additional layer of identity management.
Babel Health provides an innovative, customer-focused approach to the risk adjustment submission process for health plans. The company’s integrated SaaS ETL (extract-transform-load) data management platform provides health plans with full transparency and control of the underlying data for business insight and critical day-to-day business decision making across all lines of business.
Unlike other solutions in the marketplace, Babel enables its customers to take control of an extraordinarily complex process and provides user-friendly access to the data in order to solve the business problems inherent in risk adjustment submissions. In addition, the Babel team is committed to continually improving its customers' experience through product enhancements, streamlined processes, clear communication, and ethical interactions.
CompassMSP is a leading provider of enterprise-quality managed services focused on the SMB market. The company offers comprehensive on-premise and cloud solutions to meet its clients' managed IT and managed VoIP needs. With its IT-as-a-Service (ITaaS) solutions, Compass aims to become its clients' IT partner, providing powerful, secure, efficient, and cost-effective IT infrastructure, operations, and services to help clients grow their businesses.
The company’s team of proven leaders and technical experts, along with its focus on operational excellence, has earned it a reputation for world-class customer service, long-lasting client relationships, and numerous industry awards and recognition. Its approach ensures that clients can focus on their core business while Compass manages, operates, and optimizes clients' information technology needs.
Fonteva is the leading provider of membership, events, and e-commerce solutions built on the Salesforce platform. The company is a Salesforce Premier Partner.
At the heart of everything Fonteva does is its quest to equip and empower its customers to meet the unique needs of their communities. By harnessing the power of the Salesforce platform, Fonteva delivers highly configurable solutions that facilitate collaboration and strengthen the bond that members have with one another and with their associations.
Foresite is a global service provider delivering a range of managed security and consulting solutions designed to help its clients meet their information security and compliance objectives.
In the face of increasingly persistent cyber-threats, Foresite’s solutions empower organizations with vigilance and expertise to proactively identify, respond to, and remediate cyber-attacks and breaches where they occur. The company’s team of industry veterans work as an extension of its clients' staff, providing peace of mind while securing their most important assets.
LeaseAccelerator is the industry’s first software application developed specifically for enterprise lease accounting.
Fortune 500 companies frequently lease much of their real estate and equipment. With the publication of new lease accounting standards (ASC 842 and IFRS 16), leases are moving from a footnote buried in an annual report to a highly visible line on the balance sheet. LeaseAccelerator’s Global Lease Accounting Engine enables companies to improve the accounting and audit trail for all real estate and equipment leases. LeaseAccelerator’s Enterprise Lease Administration Software tracks leases throughout their lifecycle and captures millions in potential savings. LeaseAccelerator’s Enterprise Lease Sourcing Software puts leases out to bid in a competitive marketplace with over 500 different financial institutions.
In June 2018, the company announced a $30 million investment from Insight Venture Partners, a New York-based venture capital and private equity firm. The financing will be used to fund the company's product roadmap, partner ecosystem, and international expansion.
Link Labs is a leading innovator in low-power, wide-area network technologies that power the internet of things (IoT). The company was founded in 2014 by a group of veteran engineers from the Johns Hopkins University Applied Physics Lab who had worked together on a variety of projects for the U.S. Department of Defense, telecommunications industry, and Intelligence Community.
The company’s patented Symphony Link technology provides secure connectivity for IoT devices. The management team members excel in taking a concept from initial hardware design all the way through the delivery of a commercial product and have done so for dozens of enterprises around the world. Symphony Link powers a range of IoT applications across many industries, including smart cities, agriculture, building controls, automotive, healthcare, government, defense, retail, and utilities.
Modus delivers intelligently designed and technologically innovative software solutions to insurers, wireless carriers, and fleet operators worldwide. Modus is a pioneer in the wireless and vehicle telematics space, with a DNA of mobile innovation, great customer experience, affordability, and industry-leading level of service, support, and technological expertise.
As one of the first vehicle telematics providers focused on the auto insurance market, Modus saw early success in this space providing telematics solutions to several top insurance carriers. Modus has broadened its offering to all aspects of telematics and leads the industry in providing 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 is an advanced materials company that delivers next-generation nanotechnology optical materials for demanding applications in solid-state lighting, flat panel displays, and optical components.
Pixelligent leverages its proprietary nanocrystal dispersion and manufacturing technology to create innovative materials that significantly improve existing products. The company’s Zirconia nanocrystals are used to improve the optical, electronic, thermal, and mechanical properties of numerous commonly used polymers including acrylics, silicones, siloxanes, and epoxies. In LED and OLED lighting applications, Pixelligent’s materials significantly increase light output by increasing the refractive index of materials in the device; in display and optical components applications, its products can increase transparency, decrease haze, and increase scratch resistance.
RedPoint Global’s software solutions empower brands to transform how customer experience is delivered.
RedPoint Global’s solutions provide a single point of control to connect all customer data, determine next best actions in real time, and orchestrate interactions across all enterprise touchpoints. Leading companies of all sizes trust RedPoint Global to deliver highly personalized and contextually relevant experiences that optimize customer engagement.
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.
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.
The company was sold to Debitize in September 2018.
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.