MedTechIQ_3Helix InSight Engine-Beta
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Triple Helix Discovery Engine
Companies: Acquiring (M&A)
GovDelivery
Parents
*Architects: Federal & Defense Contractors
Companies: Acquiring (M&A)
Internet Capital Group (ICG)
Children
According to a news release from ICG, the publicly traded company paid $19.7 million for an 89 percent ownership stake in GovDelivery.
Founded 2009
GovDelivery chief executive officer and co-founder Scott Burns
GovDelivery is a leading provider of e-mail and text message alert services to federal agencies.
GovLoop
In 2009, GovDelivery's revenue increased by 40 percent.
In September 2009, the company acquired the social network GovLoop, which is known as "Facebook to the Feds."
Private equity firm buys majority of GovDelivery (2010)
The company expects to generate $13 million in revenue in 2010, compared with $9 million in 2009.
The firm has 60 to 70 employees, though that number has been increasing in recent months (2009)
Jumps
*Architects: Social Networks//Web 2.0 (Health & Medicine): Science & Technology