News Coverage


Thales Completes Acquisition of Ceres' Vormetric

PR Newswire

Thales announced the closing of its acquisition of Vormetric, a leading provider of data protection solutions in physical, virtual and cloud infrastructures, after approval by the regulatory authorities. The transaction price is approximately 375 million euros. Vormetric will be progressively integrated into Thales's cybersecurity business in order to create a global leader in data protection. Read more...


Early Findings of the 50cc SynCardia Heart Indicate That It Fits Underserved Patients — Women & Adolescents

Syncardia Systems

Early statistics and historical data reveal that the percentage of females receiving a 50cc SynCardia Heart is close to 600% higher than females getting the larger 70cc SynCardia temporary Total Artificial Heart (TAH-t) — The world’s most used artificial heart. Read more...


Thales To Create A Global Leader In Data Protection By Acquiring Ceres' Vormetric


Thales announced that it has signed a definitive agreement to acquire Vormetric, a leading provider of data protection solutions in physical, virtual and cloud infrastructures, for $400m. The transaction is subject to customary closing conditions and expected to close during the first quarter of 2016. Read more...


Ceres Venture Fund's Sona Wang on how women can better land investment

The Chicago Tribune

Women in startups and venture capital continue to face steep challenges. But Sona Wang, managing director of Northfield-based Ceres Venture Fund, has defied the odds. Wang and partners Donna Williamson and Laura Pearl form a rare all-women venture capital fund in greater Chicago. In 2008, they raised a $20 million pool of funds, and by 2013 had invested in nine healthcare, IT and business tech companies, with six of them women-led. Wang hints at her next move and shares her solutions for change. Read more...


FDA Approves Investigational Study for New Smaller SynCardia Total Artificial Heart

PR Newswire

SynCardia Systems, Inc. has received FDA approval to conduct an Investigational Device Exemption (IDE) clinical study on the effective use of its 50cc SynCardia temporary Total Artificial Heart. The FDA approval will allow SynCardia to launch the study with as many as 30 heart failure patients. Patients enrolled in this study will receive the 50cc SynCardia Total Artificial Heart as a bridge to a donor heart transplant. Read more...


Hundreds of lives transformed by SynCardia’s artificial heart

The New Economy

SynCardia, winner of the 2014 New Economy Award for Best Medical Device Company, explains how its temporary Total Artificial Heart bridges the gap to a donor heart transplant. Read more...


1,300th Implant Of The SynCardia Total Artificial Heart Was Performed In April 2014

The Street

SynCardia Systems, Inc. announced today that a United States patient with end-stage biventricular heart failure received the 1,300th implant of the SynCardia temporary Total Artificial Heart as a bridge to transplant in April 2014. Read more...


Synopsys Buys Coverity for $375M to Improve Software Quality, Security

Silicon Valley Business Journal

Design/test software developer Synopsys is spending $375 million to buy Coverity, which makes code-testing software aimed at detecting quality and security flaws. The Mountain View company led by CEO Aart de Geus said it has used San Francisco-based Coverity's products for 10 years. Read more...


Ceres' Portfolio Company Vormetric Raises $15 Million of Growth Capital

The Wall Street Journal

Vormetric, the leading data-centric security solution provider for physical, virtual and cloud environments, today announced $15 million in new funding, led by Split Rock Partners, with existing investors JK&B Capital, Quicksilver Ventures and Sigma Partners also participating. The funds will support Vormetric's aggressive growth plans in strategic market segments, accelerate the development of category-defining product innovations and fuel international expansion. Read more...


Ceres' Portfolio Company Coverity Growing at 30% And Poised for IPO


Coverity helps companies get their software right. Thanks to its 30% revenue growth, expanding customer base, and rising deal sizes, the company is preparing for an IPO. To that end, it brought in Fred Gerson—currently Audit Committee Chairman of InfoBlox—as Chairman and hired a CFO with public company experience. If market conditions are right, Coverity could go public in the not-too-distant future. Read more...


Ceres' Portfolio Company Syncardia Systems Climbs to 69th on Forbes' "Most Promising Companies"


Syncardia Systems, Inc., ranked as the 77th of America's Most Promising Companies by Forbes in 2012, has climbed eight spot to 69th in 2013. Read more...


Executive Profile: Talia Mashiach, founder and CEO of Ceres Portfolio Company Eved

Chicago Tribune

Talia Mashiach's leadership ability, ambition and tireless work ethic are driving her forward as she seeks to shake up the corporate meetings and events industry. Eved, Mashiach's most recently launched Chicago-based company, provides a technology platform that automates the buying and selling that takes place between participants along the entire supply chain: event companies, meeting and incentive companies, hotels and other venues, and vendors ranging from large businesses to mom-and-pop florists or linen rental services. Mashiach wants all of these players, many of whom still rely on phone calls and faxes, to transact on Eved's online marketplace. Read more...


First Patient in Illinois Discharged Home with the Total Artificial Heart

Syncardia Systems, Inc.

SynCardia Systems, Inc., manufacturer of the world's first and only FDA, Health Canada and CE (Europe) approved Total Artificial Heart, announced today that Advocate Christ Medical Center in Oak Lawn, Illinois, has discharged its first patient to receive the SynCardia temporary Total Artificial Heart. Leroy Haynes, 64, left the hospital using the Freedom® portable driver on Sept. 13, to resume life at home with his wife Pat while he waits for a matching donor heart. "I can't thank you enough," Haynes told his doctors and nurses during a news conference with his wife by his side. "We're just simple people. We've worked all of our lives and it seems saying thank you is not good enough... There's not a person that didn't smile, give me encouragement, tell me I'm going home, and now that day has come." Read more...


FDA grants HUD designation to SynCardia Total Artificial Heart

Medical Devices Business Review

The US Food and Drug Administration (FDA) has granted humanitarian use device (HUD) designation to SynCardia Systems to use its temporary Total Artificial Heart as a destination therapy, in addition to current pre market application (PMA) approval as a bridge to transplant. Read more...


Ceres Portfolio Company Vormetric Announces Record Financial Results for 2011

Vormetric, Inc.

Vormetric, Inc., the leader in enterprise systems encryption and key management, today announced its third consecutive year of profitability, record revenues and accelerated customer adoption for the 2011 calendar year. The company grew revenues by 40 percent and nearly doubled its new customer acquisition rate year over year. Vormetric continued to expand its share of the large enterprise market with 15 of the Fortune 25 now using its technology. Read more...


Forbes Names SynCardia One of "America's Most Promising Companies"

Syncardia Systems, Inc.

SynCardia Systems, Inc., the privately-held manufacturer of the world's only FDA, Health Canada and CE (Europe) approved Total Artificial Heart, has been selected by Forbes as one of "America's Most Promising Companies." The list features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital. Ranked No. 77, SynCardia was the only Arizona company to make the cut. Read more...


INRange Medical Systems' EMMA® User Featured on Extreme Makeover: Home Edition

Extreme Makeover: Home Edition

Extreme Makeover: Home Edition has always shared heartfelt stories of deserving families. On November 4, 2011, they shared the story of SSGT Allen Hill and his family. Throughout the episode the Hill family discussed Allen's battle with Post Traumatic Stress and the importance of this new home. This new home would mean a safe environment for SSGT Hill and the ability to once again live with his family. Included in this new home is INRange Medical Systems's EMMA®technology, which stands for Electronic Medication Management Assistant and allows for remote control and tracking of medication management in the home by a licensed health care professional. Read more...


SynCardia Named Arizona Bioscience Company of the Year

Syncardia Systems, Inc.

SynCardia Systems, Inc., manufacturer of the world's only FDA, Health Canada and CE approved Total Artificial Heart, was named Arizona Bioscience Company of the Year by the Arizona BioIndustry Association (AZBio). "The Arizona Bioscience Company of the Year Award recognizes the for-profit bioscience company whose Arizona-based operations did the most to transform the world during the last 12 months" said AZBio CEO Joan Koerber-Walker. "SynCardia makes it possible for patients awaiting donor hearts to not only survive the wait but also to do so with flexibility and mobility, a feat of biomedical engineering that is world-changing for these patients." Read more...


Can You Replace a Heart?

ABC 7 Eyewitness News New York

Taking a human heart out and replacing it with an artificial heart is rare. Only 800 adults have had a total artificial heart, and it's even rarer for children. But Texas Children's Hospital has performed its first total artificial heart surgery on a Houston teenager. Three weeks later, he is doing well and getting used to his mechanical heart...."There's the potential to go home. Just 3-4 years ago if you had this device you had to stay in the hospital and actually there are people who stayed in the hospital for a year or year and a half," says Jordan's surgeon, Dr. David Morales. Read more...


Globalstar Finalizes Equity Investment in TrafficCast

Globe Newswire

Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, government, and individuals today announced that it has completed an equity investment in TrafficCast International, Inc., a leading provider of travel time forecasting and traffic information based on advanced digital traffic data. TrafficCast provides business and government customers with accurate real-time and on demand mobile traffic information and travel-time forecasts by analyzing GPS-based tracking and other data from expressways and major arterials as well as information from secondary and tertiary roadways, weather conditions, roadway incidents and events, construction, and historical traffic patterns. Read more...


INRange Systems, Inc. Wins Inaugural ACA Silvertip Award For Market Creation and Innovation

Angel Capital Association

The Angel Capital Association (ACA), the trade association of leading angel investment groups in North America, announced that INRange Systems, Inc. of Altoona, PA is the inaugural winner of the Silvertip HP Startup Central Award honoring entrepreneurship and market creation through innovation...."INRange Systems identified a big problem—in-home medication management, for a huge number of people, those who are recovering from mental or physical illness. Their solution is creating a new market, the administration of medications once the patient has left the pharmacy. Their accomplishment exemplifies the spirit and intent of this award," ACA executive director Marianne Hudson said. Read more (pdf)...


Syncardia named as a Top 50 Innovative Company by Fast Company

Fast Company

SynCardia makes the Total Artificial Heart, the only complete heart-replacement device approved by the FDA. Last year, it began a clinical study for its Freedom portable driver, a 13.5-pound external power source that, for the first time, lets survivors of advanced heart disease return home with the implanted mechanism. They're no longer tethered to a 418-pound power supply at the hospital. One patient, an Oklahoma pastor, has returned to the pulpit. Read more...


Charles Okeke Receives New Donor Heart & Kidney after 864 Days of Life with SynCardia's Total Artificial Heart

Syncardia Systems, Inc.

On Jan. 15, after 864 days of life with the SynCardia temporary Total Artificial Heart, Charles Okeke received a dual heart and kidney transplant at Mayo Clinic Hospital in Phoenix. Okeke made headlines in May 2010 when he became the first Total Artificial Heart patient in U.S. history to leave the hospital without a human heart. Okeke was able to return home as part of an FDA-approved Investigational Device Exemption (IDE) clinical study of the 13.5 lb Freedom portable driver. Read more...

Update: Mr. Okeke has made a rap video to express his gratitude for the support from his friends, family, nurses, doctors and staff during his treatment. Watch it at YouTube.


1st Hospital in UK Begins Certification to Implant SynCardia's Total Artificial Heart

Syncardia Systems, Inc.

On Feb. 7, the surgical team from Papworth Hospital in Cambridge, United Kingdom, led by Dr. Steven Tsui, Consultant Surgeon & Director of Transplantation, will complete the first of four phases of certification to implant the SynCardia temporary Total Artificial Heart. Papworth is the 66th hospital in the world and the first hospital in the UK to begin certification for the Total Artificial Heart. Read more...


This Pastor Really Has A Heart (An Artificial One!)

K-Love Radio Network

Think about your heart. It just keeps ticking. But when something goes wrong, it's serious. An Oklahoma pastor is now home from the hospital after receiving a Total Artificial Heart. Because of a medical condition from birth, Troy Golden began to have issues with his heart. For nearly 10 years, he was in and out of the hospital as doctors tried to patch together his heart. Listen to the full story...


Coverity Finds Google's Android Operating System Is Surprisingly Bug-Free


Coverity announced the findings of its annual open source bug hunt, this year focusing on HTC's "Droid Incredible" version of the Android mobile operating system. The company found 359 bugs, a quarter of which they classified as "high risk." Coverity, which makes its money selling these code scans, found a higher rate of defects in Android-specific code than it did elsewhere in the Linux codebase. However, the number of defects counted per thousands lines of code, is about half the number expected. Read more...

Doctors say a new machine for dispensing medicine, INRange Systems' EMMA, being tested at four military medical facilities is helping Wounded Warriors manage multiple medications. Watch the segment...



A Change of Heart: Syncardia's Portable Power Source Lets Cardiac Patients Await Permanent Donor at Home

Scientific American

They say home is where the heart is, but until recently patients who had suffered biventricular failure could survive only with the help of an artificial heart tethered to large, immobile driver system to maintain blood circulation while they awaited a heart transplant. This could be changing; artificial heart-maker SynCardia Systems, Inc., in Tucson, Ariz., last month announced that three patients surgically implanted with the company's technology have been able to walk out of their respective hospitals and wait for donated replacement hearts in the comfort of their own homes. Read more...


SynCardia Named Among Top 50 Companies to Watch by Medical Device and Diagnostic Industry Magazine

Syncardia Systems, Inc.

Medical Device and Diagnostic Industry (MD+DI) magazine has selected SynCardia Systems, Inc., manufacturer of the SynCardia temporary Total Artificial Heart, as one of 50 Companies to Watch for 2010. MD+DI's Reason to Watch: "The SynCardia Total Artificial Heart is the only device of its kind with regulatory approval in the United States, Canada, and Europe. The device, meant for people dying from end-stage biventricular failure, works similar to a heart transplant in that it replaces both the right and left heart ventricles. Plus, there's no waiting list like there is for donor hearts (the company has certified centers set up throughout the world)." Read more...


Trafficast Sensors use Bluetooth to compute travel times on Ike

ABC7 News

The Illinois Department of Transportation is using the Bluetooth technology from your cell phone to get travel times and data on traffic jams. One of the fallouts from the resurfacing of the Eisenhower Expressway, aside from sitting in traffic, is the loss of travel time information. When crews grind down the pavement, they also grind out the wire sensors that generate the travel time and congestion data. So, IDOT has hired Trafficast to install temporary sensors that will compute that data using your cell phone. Read more...


43-year-old Man Goes Home With SynCardia's "Total Artificial Heart"

CBS Evening News

For nearly two years, 43-year-old Charles Okeke has tried to live a normal life in the hospital tethered to a 400-lb. machine. But Okeke's life is about to be transformed. The FDA has just approved [SynCardia's] backpack-sized device that runs on batteries and weighs just 13 lbs. It's the first portable technology to support the entire artificial heart. Read more...


Bluetooth technology to help track travel times

The Chicago Tribune

Whoever thought that talking on a cell phone while driving would be considered a public service? To generate travel-time information on the torn-up Eisenhower Expressway, the state has hired Wisconsin-based BlueTOAD to monitor signals sent from motorists using Bluetooth-enabled personal electronic devices such as hands-free headsets for cell phones, wireless headphones and computer peripherals. Read more...


'An Explosion' in Women-Owned Companies?

Bloomberg Businessweek

Seven years ago, Nicole Loftus was entrenched in an $19 billion-a-year industry she felt was following an outmoded model. As a distributor of branded products, she served as an intermediary between companies that wanted products imprinted with their logos and the manufacturers that made them. Remarkably, neither side ever interacted. Loftus struck out on her own—against the advice of her family and then-husband—and began building what is now a multimillion-dollar company, Zorch International. The Chicago company offered an innovation to the branded-products industry's supply chain and changed how many corporations procure such products. Read more...


TomTom Signs Deal with TrafficCast for Data for Wireless Navigation Device

The Wall Street Journal

Navigation systems provider TomTom NV has signed a deal with TrafficCast International Inc. to provide real-time information about traffic, weather patterns and the cheapest nearby gasoline to TomTom's first wireless navigation device. Read more...


Tapping young talent offers flexibility, cost savings

The Chicago Tribune

Prinke and Weir of Leapfrog Online credit Ceres Portfolio Company Brill Street & Co., a Chicago-based recruiting firm that specializes in interns and entry-level placements, for successfully matching them with a promising new hire. The firm is well-positioned for the labor market because many companies are reluctant to make a full-time hire in this economy, experts said. Read more...


Warning! Traffic Jam Straight Ahead

The New York Times

It's a driving inevitability: You're zipping along when suddenly all traffic comes to a screeching halt. There you sit, staring at the bloom of brake lights, wondering how long you'll be stationary. Wouldn't it be nice if you knew what was happening so you could take an alternate route or at least stop fretting? Live traffic information sent directly to navigation devices may provide the answer. Read more...


Women: A Crain's Special Edition

Crain's Chicago Business

Women are climbing into positions of leadership in Chicago business. On the way up, they're changing how the game is played. Crain's this week aims to tell the story of how women are transforming the business landscape, bringing new products and ideas to the marketplace and driving growth. Read more...


Brill Street's search even takes it to Facebook and MySpace

Chicago Sun-Times

Brill Street uses social networking as just one of its communities to fill a networking void that causes college students to complain they can't find good jobs; company executives to fume they can't get good entry-level people, and college officials to regret that it's so difficult to find resources for kids when they graduate. The idea is not to become another "job board" but to instead attract highly qualified students and groom them for success, and provide companies and colleges with a combination of high-tech and high-touch ways of finding the best people for the job. Read more (pdf)...


Using Phone to Escape Traffic

Chicago Tribune

Can a cell phone help you out of a traffic jam? A Madison, Wis.-based start-up hopes so, and it has enlisted a former Motorola Inc. executive to help lead its foray into the wireless industry. As digital mapping technology increasingly moves from car dashboards to mobile phones, [Ceres Portfolio Company] TrafficCast wants to further improve navigation with real-time traffic information. To that end, the start-up has hired Neal Campbell, a self-described "wireless guy" who helped Motorola develop navigation software for mobile phones, to be its chief executive. Read more...


Congratulations to CS-Keys

IUPUI Chancellor's News

Congratulations to CS-Keys for being named Innovation of the Year at the 2008 Techpoint Mira Awards gala! The company, founded by two IU medical researchers, Professors Linda Malkas and Bob Hickey, has translated the discovery of a new biomarker into a patented antibody that may one day be a powerful ally in helping pathologists detect cancer much earlier and by means of a simple blood test-an excellent example of the promise and importance of translational research and a case in point for why the CTSI will be such an important asset for Indiana in swiftly moving other such discoveries to the marketplace. Read more...


TrafficCast raises $3.5 million

Business Journal of Milwaukee

TrafficCast International Inc., a provider of predictive traffic software in Madison, said it has raised about $3.5 million in a recent round of funding. The company had previously announced raising $2 million in capital but the board of directors extended the round to accommodate additional investor interest and to fund growth in an expanding market for mobile and interactive travel information. Read more...


This Time It's Mine: Why high-powered women are leaving Corporate America to become entrepreneurs


BusinessWeek SmallBiz tracked down 18 of these high-powered women [including Ceres managing director Donna Williamson] to discover why they traded the relative security of a big company for a startup, and to find out what their experiences can teach other entrepreneurs. Working with executive recruiters, women's business groups, venture capitalists, angel investors, and other successful entrepreneurs, we identified women who had left senior positions at large companies, where they typically had profit-and-loss responsibility for multimillion-dollar units, to start their own companies. Read more...


The Feminine Touch: Women are joining forces to invest in life science ventures, and getting results

The Scientist

Ceres Venture Fund, a women-led partnership in Evanston, Ill., is among the latest entrants, and one of the few that heavily favors healthcare and life sciences. Donna Williamson, one of the three women who cofounded the company, is a former corporate officer of global healthcare giant Baxter International and a founding officer of health-services provider Caremark International. "This is an area that has seen huge growth in professional graduates, in women in medical school, in women in PhD programs," Williamson notes. "We feel there's a huge opportunity to be able to support the initiatives that these women are going to want to take in terms of entrepreneurship and growing businesses." Read more...


Q&A: Ceres Venture Fund Managing Director Laura Pearl on Women-Led Businesses

Illinois Venture Capital Association News

Laura Pearl is a managing director and co-founder of the Ceres Venture Fund in Chicago. She sat down with the Illinois Venture Capital Association to discuss the need for funding women-led companies as well as the current funding climate in general. Read more...