September 30, 2009
Fulcrum Ventures Spearheads $4.6 Million Investment in Preparis, Inc.
Fulcrum Ventures announced today that they led a $4.6 million investment in Preparis, Inc., the industry's first subscription-based workforce preparedness platform. The round included several of Atlanta's most successful technology executives and angel investors including Imlay Investments. Founded in 2006, the platform delivers expert information, response protocols, communications, training and tools designed to protect businesses and their employees from terrorism, natural disasters, pandemics, workplace violence and other 21st century threats.
The Company will use the funds to expand its sales and marketing initiatives as well as accelerate product development. "Preparis is well positioned to deliver innovative preparedness products and services to businesses around the world," said Armistead Whitney, CEO of Preparis. "We are thrilled to be working with Fulcrum Ventures, and they will be a terrific partner to support our growth."
"A company's most valuable asset is its people, but much of the focus for disaster preparedness has focused on IT with little attention on human resources and the workplace. Adopting an enterprise-wide, highly scalable solution that prepares and protects your workforce for potential disasters from H1N1 to tornadoes to workplace violence should be a high priority for senior management who truly care about their people" said Frank X. Dalton, General Partner at Fulcrum Ventures.
About Fulcrum Ventures
Fulcrum Ventures is an Atlanta-based private equity firm focused on providing expansion capital to rapidly growing companies. The firm provides equity investments up to $5 million for a wide variety of industries with a special emphasis on healthcare, information technology, business services and technology enabled operating companies. Fulcrum provides financing to meet a wide range of needs, including internal growth initiatives, acquisitions, management buyouts and recapitalizations. The three founding partners have significant operating experience in senior leadership positions of successful, rapidly growing companies and collectively have over sixty years of related industry expertise. To learn more please visit www.fulcrumvp.com.
About Preparis
Preparis helps companies around the world prepare and respond to crisis events ensuring workforce safety, minimizing operational downtime, and maintaining corporate reputation and shareholder value. The company's on-demand emergency preparedness suite is accessed by its customers' C-suite and employees at every level across multiple geographies. Headquartered in Atlanta, Preparis safeguards more than 500,000 people and in excess of $185 billion in enterprise value.