MELVILLE, NY--(Marketwire - Sep 27, 2012) - The Long Island Capital Alliance ("LICA"), the leading non-profit capital formation and business development organization serving regional companies, today announced the successful completion of its Cyber Security Capital Forum held on September 14, 2012. The capital forum, held in partnership with the Long Island Forum for Technology ("LIFT") and Long Island Software & Technology Network ("LISTnet"), showcased six of the region's finest cyber security companies in need of private investment and other business development assistance.
A panel of cyber security investment and industry experts also participated in the event. The panel provided insights on presenting companies' business plans and investment potential.
Cyber Security Capital Forum Industry Experts:
- Russell M. Artzt, Co-founder and Former Chairman of CA Inc. (NASDAQ: CA) and Inductee of Long Island Technology Hall of Fame
- Robert Brill, Founding Managing Partner of Newlight Management
- James McIlree, Equity Research Analyst at NY-based Investment Bank Dominick & Dominick
- William Reinisch, Partner of Palladin Capital Group
Two of the presenting companies showcased at LICA's Cyber Security Capital Forum were identified by LISTnet and LIFT, and selected by LICA for this event. Each of the companies selected for presentation provided a comprehensive discussion of their technology or service, a financial overview and catalysts for significant growth.
Neil Kaufman, chairman of LICA, stated that, "We are very pleased that such outstanding companies presented at the capital forum. We appreciate the assistance of LIFT and LISTnet in introducing some of these companies to the event. We are also happy that the investment community was strongly represented at the capital forum, and that so many of the presenting companies matched up with potential investors."
"I thought it was a very useful event to attend and especially to present at. The event offered a good sized crowd with an interesting mix of investors, consultants and industry people," said Christopher Nolan, Chief Executive Officer of aSIP.
"I was very impressed with the event today: the turnout, the quality of the panel, and the amount of access we got to the investors. I've made some very valuable contacts today that I intend to follow up on," said Frank J. Zinghini, Jr., President of Applied Visions, Inc., who presented on behalf of his company's Applied Visions, Inc. division.
"I felt that the LI Capital Forum was very professionally run and attracted an excellent group of investors and other related organizations. Personally, I made numerous contacts from the event and we are currently following up with them. The coaching you provided in preparation of the event was invaluable. Thank you for the time and effort you put into making this event a success," said David Antar, President of IPVideo Corp.
"The forum was very useful for me. I got to see some quality presentations, heard what investors are looking for in that specific technology space and got to meet a few folks that may spur quicker development of our product," said Louis Barani, the former World Trade Center Security Director for the Port Authority of New York and New Jersey, who presented for Strategic Security Resources.
"The Long Island Capital Alliance Cyber Security Capital Forum event provided us with the opportunity to officially introduce our young company to the investor community. The event also helped us gain good insight into things investors are looking for in our type of companies. We hope to continue our dialog with potential investors we met at the event," said Krish Shetty, Chief Executive Officer of Wiznucleus, Inc.
Cyber Security Capital Forum Presenting Companies:
aSIP: aSIP is developing a global/desktop app that encrypts all forms of IP communications between app users leaving no trace once the communication session is over.
IP Video Corporation: IPVideo Corporation provides Physical Security Information Management (PSIM) solutions and Video Management Systems (VMS) that empower organizations to proactively mitigate security risks while maximizing return on investment. A pioneer in network physical security technology, the company has been deploying proven IP-based security solutions for over fifteen years. IPVideo Corporation's worldwide client base represents a diverse cross-section of Fortune 500 companies and other market leaders including Con Edison, Fordham University, Georgia Ports Authority, Georgia-Pacific, George Washington University, Gold Medal Bakery, Lockheed Martin, Nestlé, Panama Ports Company, Poland Spring and the U.S. Embassy in Honduras. The company is headquartered in Bay Shore, NY with research and development offices in Punta Gorda, FL.
Secure Decisions: Focuses on research and product development areas related to national security including information assurance, computer network defense (including CND training), infrastructure protection, cyber security, and intelligence analysis. Secure Decisions provides decision-makers with tools to analyze massive amounts of data for more accurate and timely decisions; SecureScope™ and VIAssist™ visualization products are two such tools for analysis of cyber security data.
Strategic Security Resources: Strategic Security is an Information Technology (IT) Security consulting firm that provides in-depth technical security assessments of your networks or web applications, regulatory compliance gap analysis (ex: PCI, HIPAA, ISO 27000, etc.), guidance on integrating security into your software development life cycle, building an enterprise security program, and much more.
Wiznucleus, Inc.: Wiznucleus provides best-of-breed software solutions for managing Cyber Security Compliance and Risk Assessment to the energy sector. The unique and easy-to-use applications are built on proven platforms and incorporate industry best practices. Wiznucleus understands the special challenges associated with meeting cyber security requirements in nuclear plants, distributed control systems (DCS), and the Smart Grid. Some of the largest nuclear power plants and utilities have successfully deployed our risk assessment and compliance management software.
About the Long Island Capital Alliance:
Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.
LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature middle market closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.
For more information on LICA and its next event, please contact LICA today or register online.