Financial Archive

  • ePrize, a global marketing leader in digital engagement, today announced the acquisition of Bulbstorm, an innovative software platform that allows for the production of fast, simple high-volume promotional executions across Facebook and mobile devices. This, coupled with ePrize’s robust promotional, loyalty and mobile CRM technology, further extends the capabilities of the industry’s leading customer engagement platform currently used by more than 50% of the Fortune 500 brands. Founded in 2007, Bulbstorm has worked with brands such as Intel, NBC, and the WWE, as well as worldwide agencies to create promotional campaigns leveraging user generated content, social connections, content moderation and...

    ePrize Announces Acquisition of Promotions Technology Company Bulbstorm

    Posted on March 8, 2013 | No Comments
    ePrize, a global marketing leader in digital engagement, today announced the acquisition of Bulbstorm, an innovative software platform that allows for the production of fast, simple high-volume promotional executions across Facebook and mobile devices. This, coupled with ePrize’s robust promotional, loyalty and mobile CRM technology, further extends the capabilities of the industry’s leading customer engagement platform currently used by more than 50% of the Fortune 500 brands. Founded in 2007, Bulbstorm has worked with brands such as Intel, NBC, and the WWE, as well as worldwide agencies to create promotional campaigns leveraging user generated content, social connections, content moderation and...

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  • The Michigan Economic Development Corporation today announced Michigan Strategic Fund investments of $2.76 million into six growing technology companies through the Pure Michigan Venture Match Fund. “Innovative early-stage companies often need venture capital to help finance critical stages of their development and commercialization,” said Gov. Rick Snyder. “We are confident that by co-investing in these companies, all of which have secured private investments, we are bridging a capital gap and helping entrepreneurs develop promising technologies to grow into new innovation companies.” In April 2012 the Pure Michigan Venture Match Fund opened for applications from Michigan companies that have secured an...

    MEDC announces Pure Michigan Venture Match Fund investments

    Posted on March 7, 2013 | No Comments
    The Michigan Economic Development Corporation today announced Michigan Strategic Fund investments of $2.76 million into six growing technology companies through the Pure Michigan Venture Match Fund. “Innovative early-stage companies often need venture capital to help finance critical stages of their development and commercialization,” said Gov. Rick Snyder. “We are confident that by co-investing in these companies, all of which have secured private investments, we are bridging a capital gap and helping entrepreneurs develop promising technologies to grow into new innovation companies.” In April 2012 the Pure Michigan Venture Match Fund opened for applications from Michigan companies that have secured an...

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  • The Michigan Economic Development Corporation today announced Michigan Strategic Fund approval of $6 million in funding for entrepreneurship and innovation programs as well as Michigan Business Development and Community Revitalization program incentives to eight companies that are expanding in the state. The eight expansions are expected to generate up to $95.8 million in new capital investments and add 789 new jobs in Michigan. “Today’s Strategic Fund actions will mean new investments in university programs to commercialize the results of their research and business expansions across Michigan that, taken together, will promote greater economic opportunities for our businesses and citizens,” said...

    New business expansions, Community revitalization projects and entrepreneurship program funding gain state approval

    Posted on March 4, 2013 | No Comments
    The Michigan Economic Development Corporation today announced Michigan Strategic Fund approval of $6 million in funding for entrepreneurship and innovation programs as well as Michigan Business Development and Community Revitalization program incentives to eight companies that are expanding in the state. The eight expansions are expected to generate up to $95.8 million in new capital investments and add 789 new jobs in Michigan. “Today’s Strategic Fund actions will mean new investments in university programs to commercialize the results of their research and business expansions across Michigan that, taken together, will promote greater economic opportunities for our businesses and citizens,” said...

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  • InvestMichigan! Program co-managers Beringea and Credit Suisse’s Customized Fund Investment Group announce the $180 million Michigan Growth Capital Partners II, L.P. Beringea and the Credit Suisse Customized Fund Investment Group (“CFIG”) have launched Michigan Growth Capital Partners II, L.P. (“MGCP II”), a $180 million fund dedicated to providing growth equity to Michigan companies.  The new fund follows on the success of Michigan Growth Capital Partners (“MGCP”), L.P., launched in 2008 as part of the $300 million InvestMichigan! Program. MGCP II will provide equity capital to growth-oriented businesses, led by talented managers at or near profitability.  Prospective businesses may participate in...

    Beringea and Credit Suisse’s CFIG announce $180 million fund

    Posted on February 11, 2013 | No Comments
    InvestMichigan! Program co-managers Beringea and Credit Suisse’s Customized Fund Investment Group announce the $180 million Michigan Growth Capital Partners II, L.P. Beringea and the Credit Suisse Customized Fund Investment Group (“CFIG”) have launched Michigan Growth Capital Partners II, L.P. (“MGCP II”), a $180 million fund dedicated to providing growth equity to Michigan companies.  The new fund follows on the success of Michigan Growth Capital Partners (“MGCP”), L.P., launched in 2008 as part of the $300 million InvestMichigan! Program. MGCP II will provide equity capital to growth-oriented businesses, led by talented managers at or near profitability.  Prospective businesses may participate in...

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