ChannelAdvisor Expands Drop-Ship and Fulfillment Capabilities with Acquisition of HubLogix Commerce Corp.

May 30, 2017 04:15 PM Eastern Daylight Time

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced that it has acquired HubLogix Commerce Corp., a leading fulfillment and logistics platform that automates order management by connecting online storefronts and marketplaces to distribution and fulfillment centers. Based in Boston, HubLogix can help improve order accuracy and fulfillment speed for its customers, which can lower customers’ fulfillment costs and create competitive advantages for their customers’ businesses.

.@ChannelAdvisor Announces Acquisition of HubLogix, Expands Drop-Ship and Fulfillment Capabilities

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“Earlier this year we announced the launch of our Fulfillment Network and our dedication to helping our customers streamline their logistics and provide the best customer experience down to the last mile. This acquisition provides us the technology and expertise to further enhance our fulfillment offering and capabilities,” said David Spitz, ChannelAdvisor CEO. “We’ve worked with HubLogix for years and have always been impressed with the team’s knowledge of the space and the value they provide. We’re delighted to welcome the HubLogix team to the ChannelAdvisor family and we look forward to future shared success.”

As part of its platform’s fulfillment automation capabilities, HubLogix has developed a network of more than 150 fulfillment partners to allow sellers to work efficiently with their vendors and third-party logistics partners. With the acquisition of HubLogix, ChannelAdvisor strengthens its product suite with the addition of fulfillment automation, while also adding a talented team of distribution, fulfillment and supply chain domain experts to the organization.

“ChannelAdvisor has a history of industry leadership, so we’re thrilled to join forces and add our knowledge and technology to the ChannelAdvisor product suite,” said Christian Hassold, HubLogix CEO. “Together we can solve the market’s need for an end-to-end solution that optimizes online and offline commerce.”

Financial terms of the transaction were not disclosed. ChannelAdvisor does not anticipate a material impact to 2017 revenue or adjusted EBITDA as a result of the transaction.

To learn more about the ChannelAdvisor Fulfillment Network, register to attend our webinar on June 20 at 10 am PT, 1 pm ET.

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About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Walmart, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses. For more information, visit

Safe Harbor Statement

The statements in this press release that are not historical facts constitute “forward-looking statements” that involve risks and uncertainties and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements include expectations regarding the e-commerce market and our continued position as a leading provider of cloud-based e-commerce solutions. The achievement or success of the matters covered by such forward-looking statements involve risks, uncertainties and assumptions, and if any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. Further information on the factors that could affect our results is included in our filings we make with the Securities and Exchange Commission from time to time. These documents are available on the ‘SEC Filings’ section of the Investor Relations page of our website at The statements made in this release are based on information available to us as of the date of this release, and we assume no obligation and do not intend to update these forward-looking statements, except as required by law.


Caroline Riddle, 919-439-8026

Aquilon Energy Services raises $19 million during Series B financing round

Media Contact:
Kyle Adams / Anahita Khan
Sikich Marketing & Public Relations (312) 541-9300 ext. 101/104 /
Aquilon Energy Services raises $19 million during Series B financing round
—  Citi, Goldman Sachs, Invenergy and Macquarie Group invest in Chicago-area developer of first
collaborative, cloud-based energy settlement network —

LISLE, Ill. — Feb. 1, 2017 — Aquilon Energy Services Inc., developer of the first collaborative
cloud- based platform that enables buyers and sellers to automatically settle both physical and
financial energy transactions, has raised $19 million during a Series B financing round. The Series
B financing round includes investments from Citi, Goldman Sachs Principal Strategic Investments,
Invenergy and Macquarie Group – and all four companies committed to use Aquilon’s Energy Settlement
Network (ESN™).

“The companies investing in our firm have large trading and settlement operations and realized how
we can automate settlement processes, strengthen financial controls, enhance risk management and
improve efficiency,” said Jeffrey Wagner, founder and CEO of Aquilon Energy Services. “Their
participation in the network will expand its reach and increase its value to users. This round of
financing will allow us to not only grow our Energy Settlement Network™, but also enhance features
and functionality for settlements with independent system operators (ISO) as well as transactions
involving power, natural gas, crude oil, and refined products.”

Aquilon designed the ESN™ to address a long-standing industry need for automation to manage the
large amount of data and information involved in energy settlements. It enables settlement
departments at energy companies and financial institutions to track, review, and approve their
transactions, identify discrepancies, and collaborate with counterparties to resolve exceptions
within a single easily navigable interface.

An explosion of data in the energy industry

“As the growth of renewables drives the energy industry toward price changes every five minutes,
the amount of data commodity operations professionals need to manage – and the speed with which
they must do it -- is skyrocketing,” Wagner said. “As a result, the time critical yet manual
settlement processes in the industry pose increased business risks. During the last year, we worked
closely with major industry players to develop our cloud-based settlement platform. The result is a
collaborative network that automates the multiple steps of the settlement process to boost
efficiency and improve compliance and risk management.”

As users of the Energy Settlement Network™, Citi, Goldman Sachs, Invenergy and Macquarie Group
expect to benefit from instant access to settlement data, information and counterparty

“With the Energy Settlement Network™, Aquilon has increased automation in the settlement process,”
said Owen West, head of US Natural Gas and Power Trading at Goldman Sachs. “Additionally, as
members of the network, we will now be able to access the data and information we need in one

etwork will be able to automate settlements and complete invoicing and
payments in the web browser-based system.

Ignite Marketing Analytics Acquires ThinkVine

New ownership and new accolades from a top research firm bolster ThinkVine’s future

AUSTIN, Texas — October 18, 2016 — Ignite Marketing Analytics, an affiliate of Ignite Technologies, today announced the acquisition of ThinkVine, a leading provider of cross-channel marketing attribution and optimization technology and services. ThinkVine works with a wide range of B2B organizations, including U.S. Bank, Urban Outfitters and the Cleveland Indians, providing customers with the clarity and confidence to optimize growth and profit.

Ignite, which is located in Austin, Texas, with team members across the world, is a privately-held, enterprise software company and a member of the ESW Capital family of companies. Ignite helps customers “ignite the power of their workforce” to “ignite better business performance” through the deployment of best-in-class business applications and application development platforms across a range of functional domains.

Said Matt Nitzberg, formerly ThinkVine’s Chief Growth Officer and now Senior Vice President of Marketing for Ignite Technologies, “Ignite is the perfect organization to build on ThinkVine’s winning Marketing Attribution and Optimization Solutions. They share a commitment to 100% customer success, and Ignite offers additional scale and access to resources to ensure ThinkVine’s offerings remain innovative and competitive.”

Davin Cushman, Ignite Technologies CEO, is ready to unlock a new category of solutions designed specifically for marketers and advanced analytics experts. “Our acquisition of ThinkVine adds a leader in marketing analytics to our portfolio of leading-edge solutions,” said Cushman. “We are thrilled to add ThinkVine’s technology and talent to our roster.”

Effective immediately, Ignite will roll out its Customer Success program to all ThinkVine customers. This program is top-down and ensures customers achieve success based on mutually established and agreed-upon outcomes. Cushman adds, “We have what we call a near-obsessive focus on achieving 100% Customer Success. It is at the core of everything we do and we will continue to meet with every single customer over the coming months to make sure we maximize the value they receive from ThinkVine solutions and Ignite.”

ThinkVine, which Forrester recently recognized as a strong performer in marketing measurement and optimization, marks the 8th acquisition for the ESW Capital family of companies in the past 12 months. ESW Capital continues to buy business software and service companies, and plans to roll 6-8 additional acquisitions under Ignite Technologies in 2017.

About ThinkVine
ThinkVine’s audience-based Marketing Attribution & Optimization Solutions provide marketers with the clarity and confidence needed to optimize short-term and long-term growth and profit. ThinkVine helps B2C organizations strengthen marketing plan effectiveness and efficiency, and create stronger brands over time. Our proven marketing science, scenario-driven software, and tailored advisory services provide decision support to optimize marketing investments. Clients choose our approach because it reflects how they go to market and how their audiences respond. Incorporating all addressable and non-addressable tactics, as well as relevant external factors, our process helps marketers innovate and win.

About Ignite Technologies, an affiliate of Ignite Marketing Analytics
Founded in 2000, Ignite is a privately-held company and a member of the ESW Capital group of companies. Ignite’s mission, since it was reinvented on the heels of an ownership and senior management change in 2013, is to help customers ignite the power of their workforce to ignite better business performance. Ignite operates with focus on a simple, lead objective — 100% Customer Success — which ensures success is measured through the achievements of customers. Ignite is headquartered in Austin, Texas. For more information on Ignite’s solutions, visit

About ESW Capital, LLC
Based in Austin, Texas, the ESW Capital group specifically focuses on buying, transforming, and running mature business software companies. By taking advantage of its unique operating platform, ESW revitalizes its acquisitions for sustainable success while making customer satisfaction a top priority. ESW and its affiliated companies have been in the enterprise software space since 1988, and the group includes notable brands such as Ignite Technologies, Trilogy, Aurea, and Versata. For more information, email

Nielsen and Label Insight Announce Strategic Alliance to Bring Label Transparency to Consumer Packaged Goods Companies and Retailers

NEW YORK, Dec. 1, 2016 /PRNewswire/ -- Today, label transparency plays an influential role in what consumers buy, what manufacturers make and how government organizations regulate. Nielsen (NYSE: NLSN) and Label Insight, a cloud-based product data refinery platform, announced today, a strategic alliance to help bring clarity to food, beverage and non-food transparency for the consumer packaged goods (CPG) and retail industry. This one-of-a-kind alliance will help enable CPG companies and retailers to make faster and more informed data-decisions to grow sales by understanding product trends and creating better personalization for the wellness consumer. Together, Nielsen and Label Insight will develop and maintain a CPG industry retail and consumer measurement capability incorporating food, beverage and non-food ingredients, nutrients and U.S. government regulated product attributes.

With this alliance, Nielsen's robust market measurement and Homescan Consumer Panel data will be combined with Label Insight's cloud-based product attributes. This will bring an unmatched level of data granularity to CPG manufacturers and retailers, generating attributes - such as nutrients, derived ingredient properties and allergens - for 80 percent (and growing) of U.S. food, beverage and non-food retail sales. For example, using this new offering a retailer could identify a growing wellness or ingredient trend (ie: clean label, vegan, paleo, sprouted, etc.), determine where they have opportunity to grow sales and make assortment changes in local stores to better fulfill the growing demand.

"With the ability to examine products beyond marketing claims and explore derived ingredient properties, this enhanced offering helps to deliver a fuller view into consumer shifts across total retail grocery and goes beyond what is currently available in the marketplace," says Chris Morley, President, U.S. Buy, Nielsen. "As consumer demand for product transparency continues to grow, it's increasingly important to offer consumers a detailed view of products and ingredients. With over 1000 different variations for a single ingredient, this highly detailed information will enable our clients to have the information they need to win with today's health-conscious consumer."

The Nielsen and Label Insight alliance will strengthen data and unlock ingredient and attribute insights never before available, helping CPG brands and retailers to uncover performance drivers and emerging trends among consumers. Additional benefits include the ability to identify trending ingredients, forecast their relevance five years out, understand competitive product formulation and evaluate the impact of government regulations.

"Consumers are becoming increasingly sophisticated with their food-purchasing decisions as their definitions of healthy become more varied – from gluten-free to low-sugar to sustainably sourced. This has created unprecedented pressure for brands and retailers to provide increased product transparency," explains Ronak Sheth, Chief Customer Officer, Label Insight. "Our alliance will enable brands and retailers to better respond to this heightened demand for transparency, by not just understanding what is being purchased, but why consumers are motivated to buy a certain product. Unlocking insights and trends around formulations, claims, nutrients, and other rich content will allow brands to innovate faster and will allow retailers to have personalized conversations with their shoppers."

This new service offering from Nielsen and Label Insight of premium health and wellness characteristic information built from ingredient and nutrition panel intelligence across food and beverage categories, including beverage alcohol, will be available in Q1 2017, followed by non-food categories (personal care, beauty care, household care, vitamins/supplements and pet food) in Q2 2017.

About Label Insight
Label Insight is a cloud-based data refinery for product data that powers transparency between CPG brands, retailers and consumers. The company works to capture, analyze and enrich data contained on the packaging and labeling of food, pet, and personal care products. Label Insight's platform enables transparent, open access to accurate product information. Label Insight's platform contains more than 300,000 products, representing 80% of the top purchased CPG products in the USA today.
Label Insight customers use this data to provide greater transparency to consumers; easily participate in industry and government initiatives, such as SmartLabel; create more connected omni-channel experiences; and maximize category growth potential. To learn more about Label Insight, visit

About Nielsen

Nielsen Holdings plc (NYSE: NLSN) is a global performance management company that provides a comprehensive understanding of what consumers watch and buy. Nielsen's Watch segment provides media and advertising clients with Total Audience measurement services for all devices on which content — video, audio and text — is consumed. The Buy segment offers consumer packaged goods manufacturers and retailers the industry's only global view of retail performance measurement. By integrating information from its Watch and Buy segments and other data sources, Nielsen also provides its clients with analytics that help improve performance.  Nielsen, an S&P 500 company, has operations in over 100 countries, covering more than 90% of the world's population. For more information, visit

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ALung Forms Trial Steering Committee

ALung Technologies Forms Trial Steering Committee

Renowned physicians will oversee landmark trial of the Hemolung RAS in patients with COPD.

PITTSBURGH (November 15, 2016) – ALung Technologies, Inc., a leading provider of low-flow extracorporeal carbon dioxide removal (ECCO2R) technologies for treating patients with acute respiratory failure, announced today the formation of its Trial Steering Committee (TSC) for its upcoming pivotal trial of the Hemolung Respiratory Assist System in patients with acute exacerbation of chronic obstructive pulmonary disease (COPD). The TSC is composed of leading critical care physicians and clinical researchers from around the world who are providing independent oversight of the trial.

In 2015, ALung announced that the Hemolung RAS was selected by the FDA for its Expedited Access Pathway (EAP) program. This new program aims to reduce the time to market approval and patient access for breakthrough medical technologies that address significant unmet clinical needs. Since receiving EAP designation, ALung has been working with the FDA to finalize its investigational device exemption (IDE) application which will lead to initiation of the US-based clinical trial. The TSC has worked closely with ALung to develop a feasible and scientifically rigorous clinical trial in preparation for FDA’s final IDE review.

“We are excited to have assembled such a renowned group of physicians to serve on our trial steering committee,” said Peter DeComo, ALung Chairman and CEO. “This group is providing ALung with extraordinarily valuable input as we move towards our landmark study of extracorporeal CO2 removal in patients with COPD exacerbations. We are very grateful to these committee members for providing their time and expertise to this effort.”

Members of ALung’s Trial Steering Committee include:

·         Nicholas Hill, MD: Professor of Medicine, Chief, Pulmonary, Critical Care and Sleep Division, Tufts University School of Medicine, Tufts Medical Center, Boston, Massachusetts

·         Nicholas Barrett, MD: Lead for ECMO and Severe Respiratory Failure, Consultant in Critical Care Medicine and Anaesthesia, Guy’s and St Thomas’ Hospital, London UK

·         Laurent Brochard, MD: Professor of Medicine, Interdepartmental Division Director for Critical Care, University of Toronto, St. Michael’s Hospital, Toronto, Canada

·         Daniel Brodie, MD: Associate Professor of Medicine, Director of the Center for Acute Respiratory Failure, Columbia College of Physicians and Surgeons, New York-Presbyterian Hospital, New York, NY

·         Stefano Nava, MD: Professor of Medicine, Chief of Respiratory and Critical Care Unit, Sant’Orsola Malpighi Hospital, Alma Mater University, Bologna, Italy

·         Marco Ranieri, MD: Professor and Chairman, Department of Anesthesia and Intensive Care Medicine, Sapienza University of Rome, Policlinico Umberto Hospital, Rome, Italy

About ALung Technologies

ALung Technologies, Inc. is a privately-held Pittsburgh-based developer and manufacturer of innovative lung assist devices. Founded in 1997 as a spin-out of the University of Pittsburgh, ALung has developed the Hemolung RAS as a dialysis-like alternative or supplement to mechanical ventilation. ALung is backed by individual investors and venture firms including Allos Ventures, Birchmere Ventures, Blue Tree Ventures, Riverfront Ventures, the Accelerator Fund, and West Capital Advisors.

For more information about ALung and the Hemolung RAS, visit

This press release may contain forward-looking statements, which, if not based on historical facts, involve current assumptions and forecasts as well as risks and uncertainties. Our actual results may differ materially from the results or events stated in the forward-looking statements, including, but not limited to, certain events not within the Company’s control. Events that could cause results to differ include failure to meet ongoing developmental and manufacturing timelines, changing GMP requirements, the need for additional capital requirements, risks associated with regulatory approval processes, adverse changes to reimbursement for the Company’s products/services, and delays with respect to market acceptance of new products/services and technologies. Other risks may be detailed from time to time, but the Company does not attempt to revise or update its forward-looking statements even if future experience or changes make it evident that any projected events or results expressed or implied therein will not be realized.

Media Contact:
Scott Morley
Vice President of Business Development
ALung Technologies
+1-412-697-3370 ext. 208

OnShift Ranked Number 326 Fastest Growing Company in North America on Deloitte’s 2016 Technology Fast 500™

Attributes 229 Percent Revenue Growth to Innovative Software that Solves Workforce Challenges in Senior Care


Cleveland, OH – November 16, 2016, — OnShift, a leader in human capital management software for post-acute care and senior living, today announced it ranked 326 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. OnShift grew 229 percent during this period.


OnShift's chief executive officer, Mark Woodka, credits OnShift's proven workforce management SaaS solutions purpose-built for senior care with the company's 229% revenue growth. He said, “Post-acute healthcare and senior living providers are increasingly challenged with workforce shortages, high turnover rates, wage pressures and new staffing reporting mandates. OnShift’s explosive growth is a testament to our clients’ success in tackling these challenges head-on. We are committed to building on this momentum by continuing to deliver world class software and services for our clients.”


“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”


“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.” 


OnShift previously ranked 240 as a Technology Fast 500™ award winner for 2015.


About Deloitte’s 2016 Technology Fast 500™

Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.


In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.


As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.


About OnShift, Inc. 
OnShift delivers cloud-based human capital management software and proactive services to solve everyday workforce challenges in healthcare. Our suite of products for hiring, scheduling and workforce analysis drives quality care, lower costs and higher performance by empowering providers to staff consistently and efficiently. Intuitive design, predictive analytics and customer success management are why thousands of post-acute care and senior living organizations rely on OnShift. For more information, visit

LeadingAge and OnShift Partner for Payroll-Based Journal Reporting

OnShift’s Software and Resources Available to LeadingAge Members to Meet New Reporting Requirements


July 5, 2016, CLEVELAND — OnShift, a leader inhuman capital management software for post-acute care and senior living, and LeadingAge, an association of nonprofit aging services providers, today announced a partnership to help LeadingAge members meet the Payroll-Based Journal (PBJ) reporting government mandate. As part of the agreement, OnShift is offering its Payroll-Based Journal Reporting software through an exclusive special discount program to LeadingAge members.


“LeadingAge members voiced their concerns to us about managing the complex PBJ process, and we listened. We found a cost-effective, efficient solution: OnShift Payroll-Based Journal Reporting software,” said Katie Smith Sloan, president and CEO of LeadingAge. “We are excited to work with OnShift to offer this product to our members so they can continue to deliver quality care to the millions of older adults they serve every day.”


“Many providers are struggling with the new PBJ reporting requirements, lacking the processes, resources, and systems necessary to accurately report their staffing information,” stated Mark Woodka, CEO of OnShift. “We are thrilled to partner with LeadingAge to offer their members our easy-to-use software and educational resources, so they can overcome PBJ reporting complexities and successfully submit their staffing data to CMS.”


OnShift Payroll-Based Journal Reporting software helps skilled nursing providers meet CMS’ staffing reporting requirements in three easy steps. OnShift’s PBJ software collects staffing information, including agency and contractor hours; provides a centralized view into staffing information so it can be easily reviewed and edited prior to submission; and delivers a submission-ready report that can be easily uploaded to CMS’ Payroll-Based Journal system.


LeadingAge members: visit this page to learn more about how the program can help


About Payroll-Based Journal Reporting

In accordance with Section 6106 of the Affordable Care Act (ACA) all skilled nursing facilities are required to collect and electronically submit direct care staffing information electronically starting July 1, 2016. To facilitate the reporting process, CMS has developed the Payroll-Based Journal system. This system is to be used by providers to submit total direct care hours worked, including agency and contract staff, employee hire and termination date, and facility census.


About OnShift, Inc.

OnShift delivers cloud-based human capital management software and proactive services to solve everyday workforce challenges in healthcare. Our suite of products for hiring, scheduling and workforce analysis drives quality care, lower costs and higher performance by empowering providers to staff consistently and efficiently. Intuitive design, predictive analytics and customer success management are why thousands of post-acute care and senior living organizations rely on OnShift. For more information,


About LeadingAge

The mission of LeadingAge is to expand the world of possibilities for aging. Our 6,000+ members and partners include not-for-profit organizations representing the entire field of aging services, 39 state associations, hundreds of businesses, consumer groups, foundations and research centers. LeadingAge is also a part of the International Association of Homes and Services for the Aging (IAHSA), whose membership spans 30 countries. LeadingAge is a 501(c)(3) tax-exempt charitable organization focused on education, advocacy and applied research.

Luminate Capital Partners Invests in Oversight Systems to Drive Global Growth Strategy

ATLANTA and SAN FRANCISCO, July 12, 2016 – Oversight Systems, a leading operational expense analysis company, today announced that Luminate Capital Partners has made a strategic investment in the company to support its global growth strategy.

Oversight's flagship product, Insights On Demand™, provides SaaS solutions that automate spending program compliance.  Through a comprehensive analysis of expense-related transactional data, Insights On Demand reduces operating expenses by identifying inappropriate spending patterns and uncovers misuse, fraud and compliance violations within travel and expense, purchase card and accounts payable programs.

After introducing its highly scalable SaaS platform in 2013, Oversight has experienced accelerated growth and more than doubled its client base in the past year.  Some of the world’s largest corporations and government agencies rely on Oversight software to monitor more than $2 trillion of expenditures annually. Through the insights generated by Oversight solutions, clients can pinpoint opportunities for improving compliance within their financial operations. Oversight’s partnerships with Concur, Oracle, SAP, and TSYS allow seamless data acquisition and rapid deployment for clients.

"Expanding Oversight’s global footprint is the key to continued success," said Patrick Taylor, Founder and CEO of Oversight. "The Luminate team has deep experience scaling technology companies and fostering organic growth in companies similar to Oversight. We look forward to a close collaboration with Luminate."

“We are delighted to partner with Patrick and his team to pursue Oversight's ambitious development and growth plans,” said Hollie Haynes, Founder and Managing Partner of Luminate. “Enterprises globally must continue to replace complex manual approaches by introducing automation in order to streamline compliance processes.”

"Oversight is ready to scale exponentially to address the growing market need for this technology," said Scott Kingsfield, an Operating Partner at Luminate and now Chairman of the Oversight board. “Oversight’s market leadership and Luminate’s investment leadership align perfectly to ensure current and future clients benefit from our combined knowledge and insight as we scale the business to meet the global market needs."

Luminate will add Hollie Haynes, Scott Kingsfield and Luminate Principal Sanjay Palakshappa to Oversight's Board of Directors. 

Kirkland & Ellis, LLP served as legal advisor to Luminate. King & Spalding served as legal advisor to Oversight. DBO Partners provided financial advice for the investment.

About Luminate Capital Partners

Luminate Capital Partners is a private equity firm focused on making control investments in software and software-enabled services companies. Luminate partners with management teams to provide flexible capital in order to drive strategy, growth and operational improvements.  For more information visit:

About Oversight

Oversight Insights On Demand™ is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, as well as inefficient and wasteful spending.  Oversight enables companies to monitor business transactions for risk and to identify risky employee and vendor spending patterns.

OnShift Raises $18 Million In Series D Financing

OnShift Raises $18 Million In Series D Financing

Investment Accelerates SaaS Company’s Massive Growth in Long-Term Care and Senior Living


CLEVELAND – April 13, 2016 – OnShift, a leader in human capital management software for post-acute care and senior living, today announced that it has closed $18 million in Series D financing. Health Velocity Capital led the round, which also includes participation from OnShift’s existing institutional investors Draper Triangle Ventures, Early Stage Partners, Fifth Third Capital, HLM Venture Partners, North Coast Venture Fund, and West Capital Advisors.


“I’m very grateful to have the opportunity to partner with the team and board of OnShift,” stated Marty Felsenthal, managing member of Health Velocity Capital. “The company has developed a dominant position in scheduling and labor management within the senior care market, serving thousands of skilled nursing and senior living communities. We believe this capital will allow OnShift to accelerate market penetration and rapidly scale the development of new and innovative SaaS products in human capital management.”


OnShift has been experiencing significant growth since its inception. In 2015, OnShift was named to Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. The Series D investment will be used to expand OnShift’s product development and accelerate sales and marketing plans.


A growing workforce shortage, wage pressures, and fierce competition for talent have intensified the need for long-term care and senior living providers to focus on their staffing strategies and manage labor costs, their number one expense. OnShift’s suite of products for hiring, scheduling and workforce analysis helps providers to address these issues by staffing consistently and efficiently, leading to lower costs, quality care and higher performance. 


“Workforce issues in long-term care and senior living are more critical today than ever before,” stated Mark Woodka, CEO, OnShift. “This investment reinforces our commitment to alleviate the burdens of staffing and labor management while accelerating our plans to expand in the senior care market. Our customers’ success means the most to us, and we are looking forward to continuing to grow in partnership to address their needs.”    


Supporting Resources

OnShift Board of Directors

OnShift Management Team


About Health Velocity Capital

Health Velocity Capital is a health care focused venture and growth capital partnership recently formed by Marty Felsenthal. For more than 20 years, Marty has been working with and investing in innovative and disruptive health care software and services companies, some of which have included Teladoc, change: healthcare (acquired by Emdeon), Aperio (Leica BioSystems), US Renal Care (Leonard Green), Titan Health (United Surgical Partners), Payerpath (Misys/Allscripts), and Vantage Oncology (McKesson).


About OnShift, Inc. 
OnShift delivers cloud-based human capital management software and proactive services to solve everyday workforce challenges in healthcare. Our suite of products for hiring, scheduling and workforce analysis drives quality care, lower costs and higher performance by empowering providers to staff consistently and efficiently. Intuitive design, predictive analytics and customer success management are why thousands of post-acute care and senior living organizations rely on OnShift. For more information visit

Label Insight Closes $10 Million in Series B Funding Led by KPMG Capital

CHICAGO, Feb. 11, 2016 /PRNewswire/ -- Label Insight, a leading provider of software-as-a-service (SaaS) data solutions providing powerful insights for and strengthening the connections between CPG brands, retailers and consumers, announced today the completion of a $10 million Series B round of funding.

The round was led by a strategic investment from KPMG Capital, KPMG International's global investment fund. The investment allows KPMG member firms to offer retail food and beverage clients around the globe access to Label Insight's proprietary technology, which transforms product information into smart attributes, such as nutrients and allergens, providing users with a deep understanding of their product set. These attributes are easily customized to meet data views requested by retailers or required to participate in industry efforts, such as the SmartLabel™ transparency initiative.

In particular, KPMG Capital clients will benefit from Label Insight's first-to-market SmartSPEC™ solution, which helps food and beverage brands quickly and easily participate in SmartLabel, an effort led by the Grocery Manufacturers Association (GMA) and Food Marketing Institute (FMI). Participating brands have the opportunity to establish themselves as leaders in transparency and build consumer trust and loyalty.

Existing investors Mercury Fund, Cultivation Capital, Serra Ventures and dunnhumby Ventures also participated in the funding round, along with new investor West Capital Advisors.

Label Insight will use the funds to develop new products, broaden custom data views and expand data science capabilities in order to better serve the needs of customers, which include some of the largest US-based CPG brands, retailers and consumer advocacy groups. The company also works with government agencies, including the US Food and Drug Administration (FDA) on its ingredient and nutrient analysis efforts, as well as the Center for Disease Control (CDC).

Chicago-based Label Insight has raised a total of $14 million to date.

"KPMG understands the challenges facing CPG brands and retailers as they strive to provide shoppers with greater product transparency. We're thrilled to provide KPMG member firms with a tool that will help their clients achieve this goal, along with increasing operational efficiency, spurring innovation and improving customer satisfaction," said Anton Xavier, co-founder and CEO of Label Insight. "KPMG Capital's strategic investment in Label Insight is validation that our unique approach effectively provides stakeholders with compelling and actionable information. And, their global footprint will help accelerate our expansion into new markets."

Label Insight solves many of the CPG and retail industries' data transformation and activation challenges, giving customers a unique competitive advantage. For example, customers use the platform to:

  • Comply with product data initiatives of retailers, government agencies and industry organization
  • Seamlessly integrate product data into mobile and e-commerce applications
  • Search and compare product claims and certifications
  • Optimize product assortments to meet consumer needs
  • Drive better outcomes in sourcing, merchandising and innovation

"Our investment in Label Insight will allow KPMG member firms to provide retail food and beverage clients with a best-in-class solution for managing and distilling actionable insights from an ever-growing taxonomy of product data and attributes," said Mark Toon, CEO of KPMG Capital. "Label Insight is disrupting the CPG data industry, and with its help we will be uniquely positioned to help solve the long-standing issue of exchanging product data between manufacturers, retailers and government agencies."

About Label Insight
Label Insight is the leading provider of software-as-a-service (SaaS) data solutions providing powerful insights for and strengthening the connections between CPG brands, retailers and consumers. The company's cloud-based product data engine enables CPG brands and retailers to transform basic product data into smart attributes, providing a deep understanding of their product set. Label Insight offers an unmatched level of data, generating 15,000 attributes - such as nutrients and allergens - per product.  These attributes serve as building blocks for a live view of data for more than 300,000 products across 17,000 brands, totaling over 80% of the U.S. retail food and beverage market. Label Insight customers use this deep level of product data to provide greater transparency to consumers; maximize category growth potential; easily participate in industry and government initiatives; and create more connected omni-channel experiences. The company also works with the FDA, helping the agency develop and maintain the industry's first scientifically accurate database of food ingredients, attributes and health claims. Label Insight is headquartered in Chicago, Ill.with an office in St. Louis, Mo. For more information, please visit

About KPMG Capital   
KPMG Capital Limited and KPMG Capital Holding Limited comprise an investment fund for KPMG member firms. The investment fund is not open to third-party investment and will not, itself, provide professional services to clients. KPMG Capital Limited and KPMG Capital Holding Limited are legally distinct and separate from KPMG International Cooperative and each KPMG member firm.

Like every member firm in the KPMG global network, KPMG Capital, and the entities it invests in, is subject to the same rules and regulations promulgated by the regulatory bodies responsible for establishing standards for auditor Independence (for example, the US SEC, PCAOB, AICPA, IESBA and those established by the various countries in which the investments reside). These rules apply to member firms, the individuals at such member firms and the targets for potential joint venture, alliance or acquisition related to the activities of KPMG Capital. All existing Independence protocols apply to KPMG Capital.

About KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have more than 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.



SOURCE Label Insight

OnShift Recognized by Case Western Reserve University's Weatherhead School of Management

Weatherhead 100

Companies whose net sales were at least $100,000 in year one of five years required for application and over $1 million in year five. Winning companies must have employed a minimum of 16 people full time in the last year.

OnShift came in at number 8 on the list and was the fastest growing technology company.

OnShift Ranked Number 240 Fastest Growing Company in North America on Deloitte's 2015 Technology Fast 500

Attributes 312 Percent Revenue Growth to Innovative Software for Post-Acute Care and Senior Living Providers

November 13, 2015, CLEVELAND - OnShift today announced it ranked No. 240 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. OnShift grew 312 percent during this period.

OnShift's chief executive officer, Mark Woodka, credits OnShift's predictive SaaS and mobile human capital management solutions and the intense need for post-acute care and senior living providers to better manage labor, their top expense, with the company's 312% revenue growth. Woodka said, "Post-acute healthcare and senior living providers are facing significant workforce challenges, with a growing shortage of qualified workers, fierce competition for talent, and skyrocketing wage pressures. Year after year, providers turn to OnShift to address these issues and improve their clinical, operational and financial outcomes with the help of our best-in-class software. The OnShift team is dedicated to the success of our clients, and we are proud to be one of the fastest growing technology companies in the nation."

"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."

"Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries," added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. "We look forward to the opportunity to serve these companies as they strive to grow to the next level -- be it towards introducing new solutions or entering new markets -- and with it make important and long lasting impressions on the technology market as a whole."

Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.

About Deloitte's 2015 Technology Fast 500™

Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech
companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About OnShift, Inc. 
OnShift delivers cloud-based human capital management software and proactive services to solve everyday workforce challenges in healthcare. Our suite of products for hiring, scheduling and workforce analysis drives quality care, lower costs and higher performance by empowering providers to staff consistently and efficiently. Intuitive design, predictive analytics and customer success management are why thousands of post-acute care and senior living organizations rely on OnShift. For more information visit


Medtronic Announces Acquistion of CardioInsight Technologies


DUBLIN - June 19, 2015 - Medtronic plc (NYSE: MDT) today announced that it has acquired CardioInsight Technologies, Inc. ("CardioInsight"), a privately-held, Cleveland-based medical device company that has developed a new approach to improve the mapping of electrical disorders of the heart. CardioInsight will become part of the Medtronic Atrial Fibrillation Solutions business in the Cardiac Rhythm and Heart Failure division. Medtronic completed its acquisition of CardioInsight on a debt-free basis in a transaction valued at approximately $93 million, net of CardioInsight's cash of $7 million, plus performance-based contingent consideration that may be paid post-closing. Consideration consisted of an initial cash payment of $75 million and retirement of a Medtronic loan outstanding to CardioInsight in the amount of $25 million. Additional terms of the deal were not disclosed.

"This investment aligns with our goal to deliver breakthrough technologies for patients who have atrial fibrillation and other arrhythmias," saidReggie Groves, vice president and general manager of the AF Solutions business."CardioInsight will broaden and enhance the existing AF Solutions program at Medtronic, and will provide meaningful clinical and economic solutions for patients, hospitals, physicians and payers."

The CardioInsight ECVUE(TM) system is designed to non-invasively generate images of the electrical activity of the heart by combining body surface electrical data with 3-dimensional (3-D) anatomical data. The system then reconstructs and displays 3-D maps and other useful measures of cardiac electrical activity. The ECVUE system has been used with more than 1,400 patients in Europe and the U.S, and it also has been featured in more than 120 peer reviewed journals and presentations.

Medtronic will include revenue from the CardioInsight product line as part of the Cardiac Rhythm and Heart Failure division within the Cardiac and Vascular Group. The transaction is expected to meet Medtronic's long-term financial metrics for acquisitions, and the annualized earnings impact of this acquisition is not expected to be material.

In collaboration with leading clinicians, researchers and scientists worldwide, Medtronic offers the broadest range of innovative medical technology for the interventional and surgical treatment of cardiovascular disease and cardiac arrhythmias. The company strives to offer products and services that deliver clinical and economic value to healthcare consumers and providers around the world.

About Medtronic
Medtronic plc (, headquartered in Dublin, Ireland, is the global leader in medical technology - alleviating pain, restoring health and extending life for millions of people around the world.

This press release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements include Medtronic's intended business strategy and expectations regarding benefits to Medtronic's operations as a result of the closing of the CardioInsight acquisition. The statements in this release are based upon current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including risks related to the integration of CardioInsight's operations into Medtronic's, delays or obstacles in realizing the anticipated future benefits (including cost savings and other synergies) resulting from the acquisition of CardioInsight, difficulties and delays inherent in the development, manufacturing, marketing and sale of medical products and services, government regulation, general economic conditions and other risks and uncertainties set forth in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results. Medtronic does not undertake to update its forward- looking statements.

Omnichannel Marketing and Pervasive Commerce Conference

West Capital Advisors partners with Nokia Growth Partners at the annual Omnichannel Marketing and Pervasive Conference.

The Omnichannel Marketing Conference brings together the entire spectrum of companies involved in retail marketing to share their unique perspective on their area of expertise and innovation in the marketplace. From retailers to technology vendors to investors and everyone in between, this two-day event focuses on both the online and offline aspects of the retail marketplace and closing the transaction loop.


July 20-21, 2015


Cintrifuse, Cincinnati, OH


Peter Corless Joins OnShift


OnShift announced that Peter Corless has joined the company as Executive Vice President of Enterprise Development. He will be leading human resources at multi-national post-acute healthcare organizations to develop strategic client relationships that support OnShift’s significant growth in long-term care and senior living. He is a recognized HR leader in post-acute care at Kindred Healthcare and Genesis HealthCare. “Throughout his career, Corless has directed all HR functions, implemented programs that reduced employee turnover 45% and created recruiting and hiring strategies that saved over $15 million.”

Peter’s industry experience and insight will serve as great assets to OnShift. “We are thrilled to have Peter on board and look forward to working with him to make a significant impact right out of the gate," stated Mark Woodka, CEO, OnShift.

OnShift has developed a software solution for the post-acute healthcare to improve quality and financial outcomes. The software manages hiring, scheduling and workforce analysis.

The press release can be found at

Poppin launches new furniture


Poppin, founded by J. Christopher Burch, offers office products that look promising. All of their furniture is of high-quality, affordable, simple, and easy to assemble and offers speedy delivery.

CEO Randy Nicolau is optimistic and says that the furniture launch now becomes the tentpole for Poppin, because the furniture is the foundation of any office.  "The other accessories and decorative items play a supporting role."

What differentiates Poppin from its competitors such as Ikea and Knoll is the design – it’s modular. The design is in the details.  This positions the startup company to grow alongside its customers and offers easy management of its inventory.

The new furniture collection includes:

  • Roller chair for $289
  • LED desk lamp for $129 - contains a USB port for easy phone recharging
  • Modular configurations of desks
  • Lounge sofas - the backrests are firm on top and pillow like on the sides
  • Folding chairs - 1 inch thick for compact storage

"Our mission is to enable companies to create modern, inspiring offices that allow people to work in the way they want to work," Nicolau says.  “By the time Poppin is done, those customers will be able to outfit an office for 20 or 200 people with just a couple clicks.”

Click here to read more about the launch in Fast Company.

Payments - Paydiant Talks Future


PayPal and Paydiant talk acquisition and implications at the Innovation Project 2015 on March 18-19. The Innovation Project 2014 was where PayPal and Paydiant first had conversations about their future together. A year later, executives from both PayPal and Paydiant, alongside heavyweights from across payments, will take the stage to share how together they will shape the future of mobile payments connecting retailers, merchants and consumers.

Three must attend discussions led by three influential executives:

  • Bill Ready, CEO of PayPal’s Braintree, will discuss the evolution of payments for a connected world as part of Innovation at the Big Intersections panel with none other than the founder of the Internet, Sir Tim Berners-Lee.
  • Chris Gardner, Co-Founder of Paydiant, will share his thoughts on taking digital payments to the mainstream as part of our From Payments to Commercesession.
  • Steve Alloca, GM, Global Credit for PayPal, will help to crack the code on consumer loyalty as part of the From Acquisition to Engagement panel.

This event will be located at the Harvard University’s campus in Cambridge, MA.

Click here to join!

Paydiant advantage over Apple Pay


Paypal, the eBay payment unit plans to acquire Paydiant, a payments startup that licenses a technology platform used by big retail chains to create their own branded mobile wallet apps. The acquisition of Paydiant, which is expected to close this month or next, positions PayPal as a retailer’s ally while Apple, Google and Samsung all vie to own the in-store shopping experience with their own mobile payment systems.

Paydiant's partnership with MCX is certainly an advantage over other mobile payment systems. "One of the main goals of MCX, whose members also include Target, Best Buy and Kohl’s, was to create a mobile app that made it easy for shoppers to use payment methods such as a bank account hookup or store-branded card that are cheaper for retailers to process."

More information can be found at Re/code

Finance and the Sharing Economy

Finance is a highly social topic. The team at ShareThis have collected data from their network of 3.1 million sites and apps based on social behavior over the course of 3 months.

With over 32 million users sharing finance-related content to their social networks every month, the impact of social media and the sharing economy on consumer behavior is undeniable,” says Kurt Abrahamson, CEO of ShareThis.

New finance studies released. Here are key takeaways:

  • Different social networks house entirely different conversations for finance consumers.Twitter is where users socialize with news, market updates and investments, whereas Facebook and LinkedIn are destinations for financial planning and advice.
  • Tablets are a very finance-friendly platform for finance sharing, generating twice as much activity around finance as other content categories. This activity is often relegated to portfolio management, real estate, and trading.
  • Monitor trends and seasonality and automate media delivery to ensure messaging reaches consumers at peak engagement: Finance social activity spikes around key time periods: tax season, New Years, key quarterly earnings reports, and periods of stock market volatility.
  • Finance sharing is strongly aligned with life stage, with behaviors taking on different characteristics depending on one’s place in the age and income spectrum. Often, though, we found that sharing skews toward the extremes. For example, millennials and early boomers are 1.9x and 1.5x more likely, respectively, to share about finance.

Infographics can be viewed at

PayPal to Acquire Paydiant for $280M


PayPal has made the big switch from parent company eBay and announced its intention to acquire Paydiant, a white-label, cloud-based mobile wallet platform for retailers, banks and payment processors (as well as cardless ATM access) in March 2015. Paydiant took home two awards at the Innovation Project 2014 for “Most Invisible Player” and “Best Cash Innovation.”

Paydiant’s highest profile partnership is with Merchant Customer Exchange (MCX). “It’s also signed onto some fairly high profile partnerships providing the backend mobile wallet services for (Kroger-owned) Harris Teeter, Subway, Capital One, FIS, Barclaycard and Vantiv – just to name a few.”

Since it was founded in 2010, the firm has taken in about $35M in three rounds of founding, all raised out of the same five investors, including West Capital Advisors.

Read the full story at