portfolio

Notable Exits

Medidata Solutions, Inc. New York, NY

Medidata Solutions, Inc. (Nasdaq: MDSO) is the leading global provider of cloud-based solutions for clinical research in life sciences, transforming clinical development through advanced applications and intelligent data analytics. The Medidata Clinical Cloud™ improves the productivity and quality of clinical testing for promising medical treatments, from study design and planning through execution, management and reporting. The Company advances the competitive and scientific goals of its global customers, which include over 90% of the top 25 global pharmaceutical companies; innovative biotech, diagnostic and device firms; leading academic medical centers; and contract research organizations.  Milestone was the lead investor of Medidata’s first institutional venture capital round in 2002 and served on its board of directors until its IPO in 2009. Milestone distributed Medidata stock to its limited partners in 2009.

www.mdsol.com

MapMyFitness, Inc. Austin, TX

MapMyFitness, Inc. is the leader in Connected Fitness – building the world’s largest digital fitness community by providing interactive tools to make fitness social, simple and rewarding. The flagship consumer brands – MapMyRun, MapMyRide, and MapMyWalk – are among the most popular apps on iOS and Android and the cloud-based platform has been supporting millions of users since it launched in 2007. MapMyFitness is an open platform, seamlessly integrating with more than 400 fitness tracking devices, sensors and wearables. MapMyFitness offers integrated marketing and advertising solutions, premium consumer subscription products, and a SaaS platform that helps partners tap into advanced fitness tracking technology, workout database, nutritional data, calorie calculators, and 160+ million running, cycling and walking routes around the world. In 2012, Milestone was the co-lead investor of the $9 million Series B round and served on the board of directors until Under Amour acquired MapMyFitness for $150m in 2013.

www.mapmyfitness.com

SkillSurvey, Inc. metro Philadelphia, PA

SkillSurvey, Inc. provides the patented Pre-Hire 360 reference assessment to employers. SkillSurvey’s Pre-Hire 360 assessment is scientifically proven to drive better hiring decisions and generate predictive candidate insight based upon past job performance. The company’s Credential 360TM solution helps hospitals and healthcare organizations improve patient care outcomes by expediting the typically cumbersome professional credential verification process. SkillSurvey’s integrated suite of cloud-based software products is being used by over 1,400 organizations to reduce new hire turnover, improve job performance, and attract better candidates. SkillSurvey has frequently been named as one of the fastest-growing companies in America by Inc. 5000 and Deloitte’s Technology Fast500TM. Primus Capital acquired SkillSurvey in December 2014.

www.skillsurvey.com

MedPage Today, Inc. Little Falls, NJ

MedPage Today, Inc. is a news organization serving healthcare professionals. The company’s daily, peer-reviewed news coverage delivered via the web and several mobile applications allows healthcare professionals to put breaking medical news into practice. MedPage Today also offers coverage of health conferences from around the world in almost any specialty. MedPage generates revenue from pharmaceutical company sponsorships primarily. Everyday Health (NYSE:EVDY) acquired MedPage Today in December 2010 and went public in 2014.

www.medpagetoday.com

Octagon Research Solutions, Inc. King of Prussia, PA

Octagon Research Solutions, Inc. provides specialized outsourced services and software to pharmaceutical and biotechnology companies. Its practice areas are clinical data strategies, clinical data operations, regulatory affairs, and regulatory operations. Octagon’s key area of expertise is electronic drug application submissions to the FDA. Octagon also provides process management software solutions to its customers. Accenture, Inc. (NYSE:ACN) acquired Octagon in August 2012.

www.octagonresearch.com

CareGain, Inc. East Windsor, NJ

CareGain, Inc. was founded in 2001 and was based in East Windsor, NJ.  CareGain enabled health plans to flexibly, rapidly and cost-effectively create and administer consumer directed health plans, while leveraging their own internal systems and infrastructure.  CareGain’s platform enabled sophisticated plan designs through the use of multiple account structures.  Fiserv, Inc. (Nasdaq: FISV) acquired CareGain in January 2006.

www.fiserv.com

Premise Corporation Farmington, CT

Premise Corporation is a leading provider of integrated and clinically-focused software solutions that optimize patient flow, streamline communications, enhance operational efficiency, and empower knowledge-based decision making. Premise optimizes the delivery of healthcare services by prompting workflow and facilitating the widespread use and visualization of real-time operating data. Premise offers the industry’s most intuitive systems for bed placement, management and turnover; transport, environmental services, and decision support, and has been serving the healthcare industry for over 10 years.  Allscripts (Nasdaq: MDRX) acquired Premise in December 2008.

www.eclipsys.com

ExpertPlan, Inc. Princeton, NJ

ExpertPlan, Inc. is the premier provider of private-labeled recordkeeping solutions to asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs, payroll companies, accountants and banks that serve 401(k) and other defined contribution plans. The firm’s scalable recordkeeping solution can be customized to fully integrate with a client’s business and distribution models.  Ascensus, Inc. acquired ExpertPlan in December 2012.

www.expertplan.com

Knovel Corporation, Inc. Norwich, NY

Knovel Corporation, Inc. is a Web-based application integrating technical information with analytical and search tools to drive innovation and deliver answers engineers can trust.  Knovel users include thousands of engineers and applied scientists worldwide.  Knovel has more than 700 customers worldwide including 74 of the Fortune 500 companies, five of the top 10 companies on the FTSE 100 Index and more than 400 leading universities.  Elsevier, Inc. acquired Knovel in December 2012.

www.knovel.com

DPM Somerset, NJ

DPM provided back office and middle office solutions for managers of alternative assets, including hedge fund managers, proprietary traders, and commodity pool operators. DPM processed electronic data feeds of multi-instrument, multi-trader, and multi-counter party data on a daily basis. Using sophisticated programs, DPM transformed the raw data into customized reports, including: marked-to-market daily portfolio reports; incentive fee tracking reports; and financial, tax and risk reports. Mellon Financial Corporation (NYSE: BK) acquired DPM in February 2005.

www.bnymellon.com

IntegriChain, Inc. Princeton, NJ

IntegriChain, Inc. provides a cloud-based, channel management software platform to the pharmaceutical and health and beauty aid industries. IntegriChain’s platform enables its customers to manage their downstream supply chain relationships, including retailers, wholesale distributors and e-commerce providers, more efficiently and effectively. As a suite of applications built on top of channel inventory and point-of-sale data, IntegriChain offers a customer’s operations, national accounts and finance teams a more collaborative, agile, accurate and transparent solution than either traditional ERP or home grown solutions.  Accel-KKR acquired IntegriChain in February 2016.

www.integrichain.com

M5 Networks, Inc. New York, NY

M5 Networks, Inc. is redefining what a business phone system can do. As the market leader in managed, hosted Voice-over-IP (VoIP), M5 Networks allows companies to work the way they want to, while connecting them to their customers, their applications and their businesses. M5’s Smart Business Phone System converges the industry’s most flexible and reliable phone software, ActiveService tools, and the ability to integrate with business-critical applications. The result is a cloud-based voice service that currently enables more than 1,800 companies to enjoy all the business impact of an enterprise-class phone system without the expense of buying and managing an on-premise solution.  ShoreTel, Inc. (Nasdaq: SHOR) acquired M5 in February 2012.

www.shoretelsky.com

GQ Life Sciences, Inc. Boston, MA

GQ Life Sciences, Inc. is a global life science information and search company. Leveraging deep expertise in biology, genomics, and semantics, GQ Life Sciences provides key search tools to help customers understand the emerging inventions that enable them to innovate into the distant future. GQ Life Sciences serves all ten of the top pharmaceutical companies, all five of the top agrochemical and seed companies, and hundreds of biotech firms, law firms, diagnostic labs, and patent offices around the world.  Aptean, Inc. acquired GQ Life Sciences in September 2016.

www.gqlifesciences.com
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