Welcome!

Search Authors: Nikita Ivanov, Elizabeth White, Liz McMillan, Jnan Dash, Shelly Palmer

News Feed Item

Entrepreneurial leaders from KAYAK, MedExpress Urgent Care and SKYDEX Technologies Inc. receive Ernst & Young's 2012 Venture Capital Award of Excellence

Square 1 Bank joins Ernst & Young LLP in honoring the 2012 winners

PALM SPRINGS, Calif., Nov. 17, 2012 /PRNewswire/ -- Three entrepreneurial leaders from KAYAK, MedExpress Urgent Care and SKYDEX Technologies Inc. received the Ernst & Young Venture Capital Award of Excellence on Saturday, November 17, at Ernst & Young 's 2012 Strategic Growth Forum® in Palm Springs, CA.  Square 1 Bank co-sponsored the awards.

"There is no debating the fact that entrepreneurs are fueling our economic recovery, and venture capitalists do much more than merely provide capital to those entrepreneurs. They mentor them, provide access to valuable networks and offer the wisdom they have gained by investing in numerous enterprises, both successful and unsuccessful," said Bryan Pearce, Americas Director, Entrepreneur Of The Year® and Venture Capital Advisory Group, Ernst & Young LLP. Clearly, venture capitalists play an outsized role in the American economy. They fund innovation and improve productivity and we're proud today to recognize companies that have truly benefitted from these important relationships.

The Venture Capital (VC) Award of Excellence winners are selected from those Ernst & Young  Entrepreneur Of The Year® regional winners whose companies have been backed by venture capital funding.  The recipients were selected on the basis of VC funding, equity and revenue growth, EBITDA (earnings before interest, taxes, depreciation and amortization) margins, and the stories of their founding.  The winners were selected by an independent panel of judges, including: Brad Feld, Co-founder and Managing Director, Foundry Group; Lawrence D. Lenihan, Jr., Founder, CEO and Managing Director, FirstMark Capital; Adele C. Oliva, Partner, Quaker Partners; Jon Sakoda, Partner, NEA; and Deepak Sindwani, Partner, Bain Capital Ventures.

"Square 1 is excited to continue our support of this great event and the Venture Capital Award of Excellence," said Doug Bowers, President and Chief Executive Officer of Square 1 Bank.  "As a bank founded by entrepreneurs, serving entrepreneurs and their investors, Square 1 is committed to the entrepreneurial and venture capital community.  We are proud to work with Ernst & Young to recognize innovators and investors in the venture capital space for their contributions, as they support job creation and fuel economic growth."

Highlights from the 2012 Venture Capital Award of Excellence winners' stories include:

  • KAYAK, Paul English, Founder & Chief Technology Officer:  
    As one of the leading travel sites, KAYAK receives millions of searches a day. Though business is booming-English, a lifelong technology entrepreneur-believes in employing a small more nimble team in order to keep a finger on the pulse of their clients. He recognizes the importance of making fast decisions as in the online travel industry, any change that does not benefit the company or the customer will quickly be exposed. Clients are often surprised to find they are speaking with English himself who monitors the client comment line personally. KAYAK's performance has been growing and improving steadily-so much so-the company has developed Mobile applications, and expanded from being a search tool for flights and hotels, to a site where the user can convert these searches into purchases. KAYAK's goal is simple; to make travel easier.

 

  • MedExpress Urgent Care, Frank W. Alderman MD, Chief Executive Officer:  
    MedExpress offers an innovative approach to high-quality health care in an efficient and welcoming environment while saving money for patients, employers, insurance companies and the government. Through working in emergency medicine at various independent hospitals, Alderman began to realize inefficiencies in the health care practice, specifically the overcrowded nature of emergency rooms and the inability for a patient to be able to see their primary care physician on a timely basis. Additionally, he noted that a vast majority of all cases seen in the emergency room are not emergent in nature and therefore a lower cost and more efficient option must be created to provide patients a better health care experience. This realization was what led to the initial business model, to create a walk-in medical facility that will provide a vast majority of all services offered at an emergency room or by a primary care physician at an affordable price.

 

  • SKYDEX Technologies Inc, Mike Buchen, Chief Executive Officer:  
    Starting as a research and development firm developing athletic shoe components, SKYDEX Technologies Inc. has emerged as the leading provider for innovative impact and cushioning technologies. SKYDEX was introduced in 2001 by USA Retama Corporation to develop commercial and military applications using its patented technology. Since then, the company has been developing innovative attenuation solutions for blast mitigation, cushioning, impact absorption and vibration reduction for today's most important and demanding applications ever since. As CEO, Buchen is driven by his passion for the American Soldier, their families and protecting the things that really matter. Whether it is convoys across the desert, boat's patrolling the waters, troops keeping guard at the base, or aircraft surveying the airspace, SKYDEX is making service member's jobs safer and less stressful.

About Ernst & Young's Strategic Growth Markets Network

Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies.  For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit www.ey.com

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity.

This news release has been issued by Ernst & Young LLP, a U.S. client-serving member firm of Ernst & Young Global Limited.

About Square 1 Bank

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.

 

 

SOURCE Ernst & Young LLP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo – to be held June 9-11, 2015, at the Javits Center in New York City, NY – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...