SHELTON — Component maker TranSwitch Corp. will sell off more than 100 patents to help fund its new focus on high-definition video connectivity.
The company, which makes semiconductors for telecom, datacom, cable TV and wireless technologies, has seen its stock fall recently; something company officials blame on a slowing telecommunications market.
Brokerage firm Drakes Bay Co. will handle the sales of 77 U.S. patents, 32 U.S. patent applications, and 32 international patents and applications, with hopes they will be sold by the end of the year. The company is also looking to sell up to $11 million in common stock over the next two years to Aspire Capital Fund.
The company will retain use of all patents sold so it can continue to sell legacy products.
NEW HAVEN — Marketing firm Digital Surgeons has created an app to help take the guesswork and expense out of finding a location for film, video and photo shoots.
The Shoot Local app for web and iOS devices allows users to upload photos of locations, which are stamped with GPS data to make them easily found. The user can add descriptions and tags to provide more information and search data for others searching for locations, which can be done with a map or keyword.
NEW HAVEN — Cardiac medical device company EipEP got another fistful of cash, closing a $2.75 million round of funding.
The EpiEP device is designed to provide surgeons with minimally invasive access to heart tissue. The company received $1.6 million in January from LaunchCapital, individual investors, and Connecticut Innovations Inc. More recently the company received $1.15 million from 12 backers.
The company was founded in 2008 at the University of Virginia before relocating to New Haven in 2010.
Another New Haven medical device company, Ikonisys, recently raised $1.4 million from three separate investors.
The company specializes in disease and genetic disorder detection products for rare cell detection, particularly for detecting cancer and birth defects. The investors were not named in the company’s federal filing.
ORANGE — Software provider Tangoe has added another company to its growing portfolio.
The company has acquired telecommunications expense management business Symphony Teleca for $41 million.
Symphony software is a suite of expense management software for desktops and mobile devices for industries such as technology, manufacturing, finance, pharmaceutical, health care and government. The company has assets of approximately $4 million.
WALLINGFORD — The North Atlantic Treaty Organization (NATO) has selected Wallingford IP communications company Mutualink to install networking capabilities.
Mutualink will connect multimedia such as satellite, high capacity LOS radio, and 3G and 4G broadband for NATO’s headquarters in Belgium. The contract is the result of Mutualink’s work with the Combating Terrorism Technical Support Office, which is under the Assistant Secretary of Defense for Special Operations.
NEW HAVEN — Finance software developer Continuity Control can add $1 million to its own books.
Connecticut Innovations Inc. (CII) has awarded the company a follow-on investment as part of a total $2 million in funding through its Eli Whitney Fund. Launch Capital and individual investors also contributed to the funding.
The company offers compliance management software for community banks and credit unions.
Continuity Control will use the funds to help move from CII’s incubator space at Yale’s CTech@Science Park into a downtown office, as well as to continue providing service to new and existing clients.
CHESHIRE — Business software developer and advisor Andrews Consulting Group (ACG) will be able to expand its product line thanks to a new round of investment.
The company has received $1 million in venture debt financing from Connecticut Innovations Inc. (CII) through its Venture & Mezzanine Debt Fund.
ACG has provided business software assistance since 1984, and more recently has introduced its RapidDecision data analysis software tool.
NEW HAVEN — Tech startup C8 Sciences is nearing the finish line in testing a computer game platform designed to enhance learning and treat children with ADHD.
The company recently received an additional $200,000 investment from Connecticut Innovations Inc. to continue testing marketing.
The company’s first product, C8Kids, provides online neuroscience-based computer games that incorporate physical exercises with cognitive functions. It was the result of a collaboration between Yale School of Medicine professor Bruce Wexler, MD and Jinxia Dong of Peking University.
C8Kids was pilot-tested in two Connecticut school districts early this year, and both plan to use it in the 2012-13 academic year. Initial sales have taken place in New York.
NEW HAVEN — A minimally invasive surgical tool has attracted a $1 million push toward reality. Yale technology-based NovaTract Surgical was awarded the funding from Connecticut Innovations Inc. after having received nearly half a million dollars in two previous funding rounds since 2010.
The NovaTract surgical device is an internal organ retractor designed to assist in cutting down the number of incisions, particularly in abdominal surgeries, such as for gall bladder removals and appendectomies.
The device’s technology was licensed from Yale surgeon Kurt Roberts, MD. The prototype design and manufacturing is complete, and animal testing will be completed this December. The first device is expected to hit the market by mid-2013.
NEW HAVEN — A new software system designed to connect patient records throughout the Yale New Haven Health System has just reached the community level.
Obstetrics, Gynecology & Menopause Physicians, PC (OGMP) of Temple Street is the first medical practice to use the EPIC software, as part of an effort by the Yale health system to integrate information among hospitals, community physicians, patients and caregivers. OGMP installed the integration software at all four of its locations, which also include Essex, Guilford and Shelton.
EPIC combines all available patient information into a single database, allowing caregivers access to comprehensive data on each patient.
NEW HAVEN — The Arts Council of Greater New Haven has just made its free mobile app available for Android phones; the app has been available for iOS devices since last September.
The ANDI (Arts, Nightlife, Dining Information) app was developed in association with MEA Mobile and provides a database of arts events, venue listings, and dining locations for greater New Haven, pulling from the arts council’s online calendar and dining listings from visitnewhaven.com.
The app also allows users to view more information on each event/venue, as well visit corresponding websites, get directions or make phone calls.