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Contact:
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Oak Ridge Office
1020 Commerce Park Dr.
Oak Ridge, TN 37830
Tel. 865.220.1716
London Office
P.O. Box 1738
362 Old Whitley Road
London, KY 40743-1738
Tel. 606.864.5175
Email:
info@meritusventures.com | | |
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 Portfolio Company, Zipit Wireless, Partners with Verizon Wireless
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February 2011— Verizon Wireless and Zipit Wireless, a pioneer in next generation connected platform solutions, today introduced the Zipit® Enterprise Critical Messaging Solution™, a two-way paging system available exclusively from Verizon Wireless.
"A key difference between existing pager technologies and the Zipit pager replacement system is the Zipit Remote Administration Portal, which provides users with detailed insight into the status of messages and ease of system management of the Zipit Now™ devices," said Michael P. Ross, vice president of sales, healthcare for Verizon Wireless.
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Portfolio Company, Aldis, Saves City Time and Hundreds of Thousands of Dollars |
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January 2011 - The City of Sevierville, Tennessee, known as the Gateway to the Great Smoky National Park, is an area boasting more than 13 million visitors annually. With those visitors came maintenance, road widening, and traffic issues for the City that traditional technology was unable to handle.
Meritus portfolio company, Aldis, a leader in next generation vehicle detection and traffic management systems, installed its revolutionary GridSmart product. The City of Sevierville saw immediate results.
Read more... |
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Fund Manager, Ray Moncrief, Featured in Economic & Business News Magazine |
The February 2011 issue of The Lane Report, a business and economic news magazine published by Lane Communications Group, profiled Meritus Ventures Fund Manager, Ray Moncrief, and his thirty-two year history of entrepreneurship and venture capital investing.
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Venture Capitalists and CEOs Predict Economic and Industry Improvement |
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"An anticipated rise in venture investment and improvement in the national economy are closely linked," said Jessica Canning, Global Research Director of Dow Jones Venture Source. "Venture investment is meant to be spent -- on employees, technology, office space, and other expenses -- which means it reverberates throughout the economy."
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About Meritus Ventures, L.P.
Meritus Ventures, L.P. is currently the only Rural Business Investment Company (RBIC) in the United States. The $36.5M venture capital fund invests to realize attractive returns for the fund's investors while creating wealth and jobs in rural areas of central and southern Appalachia and Arkansas. In addition to providing equity investment, the fund may provide operational assistance to its portfolio companies.
To submit a request for financing, please visit:
https://meritusventures.fundpath.com/
For more details on our investment profile and criteria, please visit:
http://meritusventures.com/about/investment_criteria.html
For more information on our investment process, please visit:
http://meritusventures.com/investment_process/ | |
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