Long Island Capital Alliance Announces Successful Cybersecurity Capital Forum on June 9, 2017

MELVILLE, NY / ACCESSWIRE / June 28, 2017 / The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the successful completion of its Cybersecurity Capital Forum held June 9, 2017. The capital forum featured companies which have connections to the Long Island region and are building business around innovative cybersecurity technology.

The forum’s guest keynote speaker was Lee Noriega, Co-Founder of Melville, NY-based Oxford Solutions, a highly regarded large local cybersecurity firm. Following the event, Mr. Noriega commented, “The need to combat cyberthreats, attacks and breaches has never been greater. Every person and organization is an opportunistic cyber target changing the dynamics on how we combat the problem. We are looking at the entrepreneurial community to create and invigorate the cyber community with new, and advanced disruptive technologies to level the playing field. The Long Island Capital Alliance’s vision of bringing entrepreneurs and investors together has proven to be essential in developing new avenues of funding for these innovative technology companies.”

At the capital forum, the featured companies presented to an audience that included venture capital firms, investment banks, private equity firms, and angel and high net worth investors. Each of the companies selected by LICA for presentation at the capital forum possesses unique solutions to secure information and intellectual property or protect data privacy, with meaningful catalysts for growth. A panel of cybersecurity industry investment professionals was on hand to review the presentations, offer their insights on the presenters’ commercial viability and prospects for market success and provide expert commentary on investment conditions in the cybersecurity sector.

“As a presenter, I have made valuable connections with the investment community,” said Frank Zinghini of Code Dx, Inc. “And what I have learned from the panels has proven to be extremely valuable in my pursuits. I’m glad I brought a notebook to this one because, between the three panelists, I couldn’t keep up with the good advice. Bill Reinisch from Paladin was very helpful, and really understood the process of commercializing the results of government-funded R&D. And [Investor Panelist] Michael Beck had a ton of detailed knowledge about cyber security. Thanks for running such a consistently good event.”

The investor panel, moderated by LICA Chairman Neil M. Kaufman, discussed the current state of affairs impacting the industry. “Now more than ever the public and private sectors need cyber security strategies along with technologies, services, and support systems. While our panelists helped to uncover the challenges faced in financing and developing the leaders of this important sector, the presenting companies highlighted some of the most advanced solutions that are being brought to market right here on Long Island, some of which are rapidly growing and highly attractive.”

Mr. Kaufman continued, “This was a particularly special capital forum for us. Presenting company, Advanced Convergence Group, had previously raised $12 million directly from an invitee to one of our capital forums in 2012. They utilized that capital to triple revenues, expand their facilities, grow their workforce and become profitable. They presented again at this capital forum for their next round of financing. This experience represents what LICA is all about in facilitating economic development on Long Island.”

Presenter Gary Olson of GTop Group Corp. said, “The concept of having a panel critique the presenter’s pitch was interesting and informative. As the only true start-up, the others were not only revenue positive but from their presentations, quite profitable and looking for expansion investment. We did meet a few interesting folks that may turn into business/investment opportunit[ies].”

Cybersecurity Capital Forum Presenting Companies

The following companies presented their business plans:

GTop Group Corp.: GTop is the First Anti-Terrorism – Threat Detection technology connecting the dots between video, media, and all data types and formats by using Cognitive Intelligence and advanced video technology as a preventive solution for public safety and national security (www.gtopgroup.com).

Advance Convergence Group: ACG manufactures enterprise-class IP video management and command center software applications serving physical security solutions. It is designed to bridge the Internet of Things to purpose-built HD audio/video recording solutions for education, law enforcement, and healthcare (www.aplustechnology.com).

Mission Solutions Group: Mission Solutions Group is a family of premier companies that provide dedicated mission-critical support around the world by providing critical infrastructure and services to the U.S. Government (www.missionsolutionsgroup.com).

Code DX, Inc.: Code DX has an affordable and easy-to-use software vulnerability management system. Additional information is available at www.codedx.com.

Cybersecurity Capital Forum Panel of Investors:

The following investment professionals participated on the investor panel at the Cybersecurity Capital Forum:

William Reinisch, Venture Partner, Paladin Capital Group: Mr. Reinisch is responsible for the investment activities in the New York office of Paladin Capital. He is also the CEO and Founder of XIV River. He specializes in strategy and investments for the high-tech industry. He was most previously the Vice President of Strategy and Technology with Motorola. He earned an MBA from Fordham University and a B.S. from Rochester Institute of Technology (R.I.T.).

John Stack, Managing Director, Aerospace Leader, The McLean Group: Mr. Stack, has 25+ years’ global strategy, business development, and M&A experience focusing on public and private companies. He previously was VP, Strategy & Business Development and a member of the Senior Leadership Team at Cessna Aircraft Company, where he led the Columbia Aircraft acquisition. Prior to that, he was Director, Strategy Development & International at Textron. He holds a degree in Business Administration from Bryant University and an MBA from Fordham University.

Michael Beck, Independent Angel Investor: Mr. Beck is an angel investor and the principal of EX Consulting LLC, an Advisory Group that performs scalability and stability assessments of entrepreneurial companies in healthcare, finance, wealth management, and cybersecurity. Michael is also the founder of Medox Technologies Inc, a healthcare SAAS security platform. He holds a B.A. and MBA from Columbia University.

Save the Date – Additional Upcoming Events from LICA:

September 27, 2017 — Healthcare Capital Forum

December 8, 2017 — Food, Wine and Beer Capital Forum

About 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 at www.licapital.org.

Contact:

Jordan Darrow
Darrow Associates, Inc.
631-766-4528
jdarrow@darrowir.com

SOURCE: Long Island Capital Alliance

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