Venture • Information Technology

Penn Venture Partners Invests In Probity Medical Transcription

On April 15, 2009, venture capital firm Penn Venture Partners invested in information technology company Probity Medical Transcription

Investment Context
  • This is Penn Venture Partners’ 1st transaction in the Information Technology sector.
  • This is Penn Venture Partners’ 4th transaction in the United States.
  • This is Penn Venture Partners’ 4th transaction in Pennsylvania.

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Investment Summary

Date April 15, 2009
Target Probity Medical Transcription
Sector Information Technology
Investor(s) Penn Venture Partners
Deal Type Venture

Target Company

Probity Medical Transcription

Camp Hill, Pennsylvania, United States
Probity Medical Transcription is a provider of electronic medical transcription and document management services to the health care industry. Probity works with healthcare systems, acute care hospitals, multi-specialty clinics, and physician groups in over 30 states. Probity Medical Transcription was founded in 2003 and is based in Camp Hill, Pennsylvania.
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Investor Overview 1

Investor

Penn Venture Partners

Harrisburg, Pennsylvania, United States

Category Venture Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Penn Venture Partners is a private investment firm that seeks growth capital investments in small companies located in central Pennsylvania. Penn looks to invest between $500,000 and $2 million in established companies that are at or near profitability and that have a net worth no greater than $6 million. The Firm's investment horizon is two to five years. Penn Venture will consider investments in a broad range of industries ranging from manufacturing to technology. Penn Venture Partners is based in Harrisburg, Pennsylvania.


Deal Context for Investor #
Overall 4 of 6
Sector: Information Technology 1 of 1
Type: Venture 2 of 2
State: Pennsylvania 4 of 6
Country: United States 4 of 6
Year: 2009 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-09 Thermacore

Lancaster, Pennsylvania, United States

Thermacore, Inc. is specializes in the design, development and manufacturing of high performance thermal management systems and components for the computer, military, aerospace, energy conversion, medical, and telecommunications markets.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-03 eTravCo

State College, Pennsylvania, United States

eTravCo, Inc. is an e-commerce company that links travel suppliers to consumers using the power of the internet and one of the largest consortia of travel agencies in North America. eTravCo was founded in 2001 and is based in State College, Pennsylvania.

Buy -