July 19, 2011
The Portland Seed Fund, a local seed fund designed to stimulate exceptional entrepreneurial growth in the Portland metro area and throughout Oregon, today unveiled the first eight Portland-area startups in its portfolio, all of which received an initial investment of at least $25,000. alto clients 4-TELL and Vizify were among those startups. The Portland Seed Fund was born a year ago from Portland Mayor Sam Adams’ commitment to fuel it with $500,000 from the Portland Development Commission. For more information, click here.
June 27, 2011
In May, alto helped ShopIgniter close an $8 million Series B funding from new venture capital investor Trinity Ventures and existing investor Madrona Venture Group. Founded in 2009, ShopIgniter is a rapidly growing provider of innovative social eCommerce software, and is headquartered in Portland, Oregon. ShopIgniter helps leading brands and retailers activate their social network to extend their reach and generate revenue through social eCommerce efforts. Click here for more information.
June 1, 2011
As of May 1, 2011, alto founder and managing partner, Bill Pierznik, left to join one of our most exciting clients, Jive Software, as general counsel. This is a terrific opportunity for Bill and, while we’ll certainly miss him, we wish both him and Jive the best of luck and look forward to continuing to assist Jive as primary commercial counsel for the largest and fastest growing independent Social Business Software company in the world. Backed by venture capital titans Sequoia Capital and Kleiner Perkins Caufield Byers, Jive is based in Palo Alto, California, with offices in Portland, Oregon, and has raised over $57 million. Bill’s challenges at Jive will include managing its growing in-house legal team.
May 11, 2011
Alto client, Second Porch Inc., has recently been acquired by HomeAway Inc., a leader in online vacation rentals. Based in Portland, Oregon, Second Porch was formed to help homeowners and professional managers market vacation homes to travelers through their social network on Facebook. In a news release, HomeAway announced that it intends to leverage the Second Porch technology and team “to accelerate the integration of social features across its network of sites to provide an additional word-of-mouth marketing channel to its customers.” Financial details were not disclosed. More information can be found here.
March 31, 2011
Alto client, Tiba Medical, Inc., and Mortara Instrument, Inc. today announced Mortara's acquisition of Tiba's line of blood pressure assets including all related intellectual property, technology, and products. Based in Portland, Oregon, Tiba is a leading provider of blood pressure monitoring technology and has developed unique solutions for the accurate measurement, storage, and trending of blood pressure readings in ambulatory settings. Mortara was founded nearly 30 years ago and today is a recognized technology leader in the world of ECG. Financial details were not disclosed. More information is available here.