A networking company with nearly 6,000 miles of fiber in the Mid-Atlantic has chosen a local company’s fraud protection product to monitor its entire routing system for malfeasance. Lumos Networks, which is headquartered in Waynesboro, Va., has licensed — for unpublished sums — the Protector fraud management system provided by Nashville-based Equinox Information Systems.
“Because of fraud’s direct effect on revenue, fraud management is an essential component of a service provider’s business strategy,” said David Ledbetter, national sales director for Equinox Information Systems in a company statement. “Protector notifies Lumos Networks when communications fraud is occurring on their network. This real-time alert allows costly fraud to be stopped quickly to help Lumos protect their network as well as their customers.”
So whatever the sales and product teams at OnFocus Healthcare have been doing lately is working great: The enterprise software developer has signed on 75 new clients so far this quarter, increasing the four-year-old company's customer base by more than a third.
"We have been very fortunate to have worked with so many quality-oriented and performance-driven organizations," said Steven J. Mason Jr., President and CEO of onFocus Healthcare. "We are pleased to welcome this latest group of hospitals to our rapidly growing user community, and we look forward to working with them to help create meaningful and sustainable performance improvements in the way they provide services."
Healthcare Management Systems has been picked to provide its electronic health records system and several other products to Hutcheson Medical Center, a 240-bed facility just across the state from Chattanooga. Hospital CFO Farrell Hayes has used HMS before and says the company will be a big part of his facility's turnaround efforts.
Clayton Associates’ FCA Venture Partners has placed $1.5 million with Catavolt Inc., an Atlanta-based mobile application software development company. Also in on the deal was angel investor and Clayton advisory board member George Salem, according to a statement.
Catavolt’s creation, dubbed Catavolt Extender, is a “hybrid cloud service” package that connects a client company’s enterprise data — large-scale blocks of information — to specified mobile phones in real time. To put it in the company's words: “The idea is to deliver mobile phone applications without the expensive need to develop proprietary software to process information on the client end. Catavolt's unique approach, based on its patent-pending Dual Model Architecture, enables organizations to rapidly create and deliver mobile applications to business users without the need for costly and traditionally resource-intensive software development projects.”
Mobile application software development has of late captured the interest of local investors. We reported just this week on the launching of Streamweaver, a split-screen mobile video application company initially funded by two TNInvestco participants, Mountain Group Capital’s Limestone Fund and the Tennessee Communities Venture Fund. Funding levels weren’t specified for either fund.
POSTDATA: WARRANTY DEEDS