Supporting Innovation and Entrepreneurship for more than 60 years

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Archive: Array

Corporate

PaaS vendor Apprenda gets boost with $16M Series C financing

For sixty years, Safeguard has been supporting entrepreneurs and funding innovations that have had a transformative impact on our lives. Today, we continued that tradition by announcing that we led a $16 million Series C financing round for Apprenda, the leading enterprise Platform as a Service (PaaS) powering the next generation of enterprise software development in public, private and hybrid clouds…

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Corporate

Forever Young: Safeguard celebrates its 60th birthday with an enduring spirit of entrepreneurship

In 1953, the average cost of a new home was $9,550. Gas was 20 cents a gallon, and the average annual wage was $4,000. The term “venture capitalist” was as foreign to the public as the “Internet.” That didn’t stop Pete Musser and Frank Diamond from starting Lancaster Corporation on Sept. 11, 1953 to “engage directly or indirectly in the…

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Life Sciences

Why VC Interest in Biotechnology Companies Jumped in the Second Quarter of 2013

The second quarter 2013 NVCA numbers came in, and while capital deployments in medical device companies declined 1 percent in both dollars and deals from the first quarter, deployments in biotechnology companies surged 41 percent in dollars and 4 percent in total deals over the same period. Why were venture capitalists more willing to deploy capital in biotech companies than…

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Corporate

How Convertible Debt Deal Further Strengthened Safeguard’s Balance Sheet

Safeguard’s convertible debt deal last November reduced Safeguard’s debt to less than a third of its debt level in 2005 and cut interest rate expenses nearly in half. During an interview earlier this week with Maxwell Murphy of the Wall Street Journal, Safeguard’s newly appointed CFO Jeff McGroarty explained  that “We looked at the market and saw we can do…

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Life Sciences

3 Ways Diagnostics Can Cut Healthcare Costs and Improve Patient Outcomes

According to the Institute of Medicine, $750 billion in healthcare spending was wasted in 2009. And while its rate of growth has slowed, healthcare spending remains a major concern. That’s why opportunities abound for companies with new products and services that can improve patient outcomes and trim costs. One emerging technology is actionable diagnostics, an innovative new approach to medicine.…

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