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Welcome to Safeguard Scientifics' Blog, where we share Perspective, Strategy and Insight.

Archive: Growth Strategy

Technology

Internet of Things gets boost with PTC acquisition of ThingWorx

In February 2011—long before the term “Internet of Things” became a hot business buzzword—Safeguard Scientifics saw potential in ThingWorx, the first application platform that lets designers build and run Internet of Things (IoT) and Machine-to-Machine (M2M) applications. Since 2011, Safeguard has deployed $10 million in ThingWorx, which was founded in 2009 and based in Exton, Pa. Safeguard’s ability to spot…

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Corporate

Safeguard Increases Aggregate Partner Company Revenue Guidance for 2013

Safeguard announced that it has increased 2013 aggregate partner company revenue guidance to a range of $285 million to $295 million, up from its initial revenue guidance of $250 million to $270 million. This represents an increase of 44% to 49% as compared to $197.3 million in 2012. Results for Safeguard partner companies are reported on a one-quarter lag basis.…

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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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Tips

The Most Essential Attribute You Should Look For in a Capital Provider

In evaluating prospective capital providers, savvy entrepreneurs have come to understand that while capital is their number one priority, there are other attributes they need to evaluate before they say “yes” to an investor. I understand why entrepreneurs are increasingly interested in more than just an investor’s willingness to invest. Industry expertise, legal counseling, networking opportunities, and other resources are…

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A Look Ahead

The State of Safeguard: Where We’ve Been and Where We’re Going

During my nearly five years at Safeguard, I’ve worked closely with my predecessor, Peter Boni, and the current management team to define our strategy and develop plans to achieve our objective to build value for our shareholders. Over the past several months since the board asked me to become President and CEO, I have spent considerable time talking with the…

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