Icon News

The latest from inside Icon and our portfolio companies.


Area 1 Security Announces $25.5 Million of Total Funding Led by Icon Ventures & Kleiner Perkins Caufield & Byers

Area 1 Security, a stealth cybersecurity company dedicated to eliminating targeted phishing and malicious social engineering attacks, today announced it has raised $15 million in a Series B funding round in recognition of significant product and customer momentum. The latest round brings Area 1 Security's total funding amount to $25.5 million and is led by Joe Horowitz at Icon Ventures and Ted Schlein at Kleiner Perkins Caufield & Byers (KPCB). "The security industry is passive and forensics oriented, leaving companies without opportunities to protect themselves," said Joe Horowitz, Managing General Partner, Icon Ventures. "Overwhelmingly, the root cause of attacks begins with socially engineered phishing. Area 1 Security uniquely identifies these threats prior to breach, but more importantly, gives enterprises a new way to change outcomes."

PE Hub

Icon Ventures appoints Mullany as General Partner


Teladoc Announces Launch of Initial Public Offering



Vista Equity buys MarketLive, Shopatron

MarketLive Inc. and Shopatron, leading providers of software solutions for the global retail industry, today jointly announced that the companies will be acquired simultaneously by Vista Equity Partners (“Vista”), a leading private equity firm that focuses on investing in software, data and technology-enabled companies.

“This is a unique opportunity to unite two complementary market leaders to advance the way that retailers and branded manufacturers connect with consumers in a world that relies on seamless digital and in-store experiences,” said Robert F. Smith, Chairman and CEO of Vista Equity Partners. “By integrating best-of-breed commerce solutions and combining industry-leading expertise, MarketLive and Shopatron are incredibly well-positioned to bring a highly adaptive omni-channel commerce platform to the rapidly expanding retail market.”



Terry Linn Joins Awarepoint Board of Directors

Awarepoint Corporation, a leader in real-time locating systems (RTLS), announced today that Terry Linn has joined its Board of Directors.

Terry is a senior healthcare executive with over 40 years of experience in many facets of healthcare including corporate development, strategy, financial and clinical operations, mergers and acquisitions, capital finance, supply chain, population health and information technology applications. Terry has served as a consultant and adviser to large not-for-private and public healthcare companies, served as a senior corporate development and strategy executive for two different public companies and led the IPO and corporate restructuring of one of these companies.  Terry has been a founder of three start-up healthcare companies and helped lead and govern these companies in their development.



Bill.com iOS Mobile App Named A 2016 Sleeter Awesome App

Bill.com, the leading company creating magically simple business payments, today announced during SleeterCon 2015 that The Sleeter Group has named the Bill.com iOS mobile app a 2016 Awesome Application. The app, released in June, provides a seamless mobile solution for managing and paying bills on the go.



Delphix Ranked No. 53 Fastest Growing Company in North America on Deloitte’s 2015 Technology Fast 500

Delphix, the market leader in Data as a Service, today announced it ranked No. 53 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Delphix grew 1,713 percent during this period.



RedSeal Named one of North America’s Fastest Growing Companies on Deloitte’s 2015 Technology Fast 500™

RedSeal (redseal.co), the cybersecurity analytics company, today announced it was named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. RedSeal grew 137.4 percent during this period.

RedSeal’s chief executive officer, Ray Rothrock credits the increased need for digital resilience in the face of more numerous and sophisticated cyber threats for the company’s 137.4% revenue growth. He said, “All large businesses have become digital businesses, and their economic health is closely tied to their network resilience. Cyberattacks and intrusions are inevitable, and business leaders are increasingly turning to the power of security analytics to repel, contain, and remediate those attacks.”



ABC News (online) and Intuit founder Scott Cook interview René Lacerte, CEO at Bill.com

ABC News (online) and Intuit founder Scott Cook interview René Lacerte, CEO at Bill.com at the Intuit conference on Nov 3, 2016.   Watch the video here.

Bill.com is the leading digital business payments company creating magically simple A/P and A/R solutions. They are uniquely positioned at the center of business payments, uniting banks, accountants, and businesses on the fastest growing payments network.





Bluewater Health Selects Awarepoint for Asset Tracking, Temp Monitoring, Workflow and Wayfinding

Awarepoint Corporation, a leader in real-time locating systems (RTLS), announced today that Bluewater Health, a Best Practice Spotlight Organization, has signed an agreement to install Awarepoint’s RTLS at Bluewater Health in Sarnia and Charlotte Eleanor Englehart Hospital of Bluewater Health in Petrolia. A phased-in deployment in 2016 will include tracking and managing over 4,500 medical equipment assets, temperature/humidity monitoring, providing emergency response pendants to staff, and supporting patient wayfinding across 850,000 square feet.



Teladoc Announces Third Quarter 2015 Results


Teladoc, Inc. (NYSE: TDOC), the first and largest telehealth platform in the United States, today announced results for its third quarter ended September 30, 2015.

Jason Gorevic, Chief Executive Officer of Teladoc, commented, “Our third quarter results show solid growth across all of our metrics. Visit growth continued to see strong momentum and for the eleventh consecutive quarter, our visit growth exceeded our membership growth, which demonstrates that our impactful consumer engagement strategies are working and driving utilization. In terms of our revenue streams, this quarter saw an increase in revenue from visit fees, as well as from subscription fees. Importantly, our PMPM fees increased both sequentially and year over year.”



MarketLive’s Fall Performance Index™ Shows Double-Digit Revenue Gains for E-Commerce Retailers; Smartphones & Direct Traffic Are Major Trends

MarketLive, the leading e-commerce technology platform for fast-growing retailers, today announced the results of its Q3 2015 Performance Index™ report, measuring the real-world buying behavior of millions of consumers shopping online during the third quarter of 2015.

MarketLive’s third quarter data show that e-commerce sales continue to improve across all retailer categories (Apparel, Beauty, Home Furnishings, Catalog, Brick & Mortar, and Brand-direct), and across all major performance metrics: revenues (+13.5%), traffic (+19.8%), AOV (+3.9% to $158).



Teladoc CEO Named 2015 Digital Healthcare Innovator of the Year

Teladoc CEO Jason Gorevic has been named Digital Healthcare Innovator of the Year by Healthegy, an organization focused on improving and innovating healthcare and the host of the Digital Healthcare Innovation Summit in Boston.

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