Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology investing and innovation development, hosted its Annual Technology Celebration April 7 at the Aqua Turf Club in Southington. The event drew over 600 members of the state’s technology community including technology businesses, young entrepreneurs from 13 of the state’s colleges and universities, investors and industry leaders. Attendees from the tech community were joined by representatives of the federal government, on hand to help businesses learn how to access stimulus monies from the American Recovery and Reinvestment Act.
Gov. M. Jodi Rell, who delivered the keynote address, recognized the importance of CI’s role in challenging economic times, saying, “Our state is in the midst of a serious economic downturn and it is vital that we support the state’s businesses and entrepreneurs.”
“Over the last 20 years, CI has done more for the technology sector than any other investor in Connecticut, having invested over $200 million in more than 250 different, emerging technology ventures. This is a remarkable record that everyone across the state can be proud of.”
The program included an exhibition of 40 technology-oriented companies and others, and the presentation of awards to outstanding members of Connecticut’s technology community.
The following awards were presented:
Outstanding Portfolio Company Award – Premise Corporation (Farmington, Conn.)
This award is presented to a company that has been in CI’s portfolio for more than a year; is independently owned and operated; is at least three years old; has met its financial and technological milestones during 2008; and is positioned to increase sales and create job growth during the coming year.
As a leading provider of integrated and clinically-focused software solutions that optimize patient flow, streamline communications and enhance operational efficiency, Premise has become a shining star in the healthcare and hospital industry. Premise’s clients include five of the top eight hospitals featured on the U.S. News & World Report’s ranking of “America’s Best Hospitals.”
John Hannon, Chief Financial Officer and Chief Operating Officer of Premise Corporation, said, “Tonight’s award and the great success Premise achieved in 2008 could not have been accomplished without the dedication and commitment of Connecticut Innovations. Peter Longo and his staff consistently provided the resources necessary to make Premise a successful company.”
Most Promising New Portfolio Company Award – ShopText (Norwalk, Conn.)
This award is presented to a company that was new to CI’s portfolio in 2008 and demonstrated progress toward achieving technology milestones during the year.
ShopText is a mobile software company that connects advertisers with their audiences anywhere, anytime. With their technology that utilizes SMS or text messaging, ShopText is able to turn any advertisement into a point of acquisition. Their clients include Dillard’s, Condé Nast, Campbell’s, General Mills and Procter & Gamble.
ShopText President Steve Roberts said, “Congratulations to Connecticut Innovations on its 20 years of success. We are honored to receive this award and appreciate the continued support of CI and its dedicated team.”