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Corporate Report: Feb. 10

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  • | 10:10 a.m. February 10, 2012
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Communications firm buys Iformata Communications
Tampa-based audio/video communications firm AVI-SPL has acquired Iformata Communications LLC, a provider of video-managed services. The sale includes the Iformata Video Network Operations Center business and the VNOC Symphony management platform. AVI-SPL officials say the company views this acquisition as a critical move in the company's continuing drive to become the dominant player in the video communications solutions and services space.

AVI-SPL CEO John Zettel says that after AVI-SPL made video communications a major initiative in 2009, it grew video-related revenue to more than $200 million in 2011 and 50% of its projects. He sees the Iformata purchase as part of the company's continued commitment to growing its video business.

“This combines AVI-SPL's strong A/V integration experience and 150+ strong, video-savvy, field sales force with Iformata's robust, multi-tenant Symphony videoconferencing management system,” Ira Weinstein, senior analyst and partner at Wainhouse Research, says in a press release. “The result is an immediately available, mature service offering from a well-known and trusted technology partner.”

Founded in 2004, Iformata holds some 450 patents.

The Iformata operation and the employees will join AVI-SPL's Support Services group.

Versatile Packagers adds blister packaging
Tampa-based contract packaging company Versatile Packagers has introduced a trapped blister packaging service to its clients.

Versatile Packagers added a new machine to its 150,000-square-foot facility, to make the blister packaging service possible.

Blister packaging offers the product security and a clear surface area for marketing of clamshell packaging, but uses less plastic and includes recycled materials. The blister card backing also allows companies to print on both sides of the package. Most importantly, blister packaging is also less expensive to produce.

Riverside Partners buys majority of ITC Global
Riverside Partners, a Boston-based private equity firm, received final regulatory approval and has completed its acquisition of a majority equity interest in St. Petersburg-based ITC Global. Financial terms of the purchase were not released.

ITC Global provides satellite communications services to mining, energy and maritime businesses operating in remote or harsh environments. The firm maintains facilities across the Americas, Europe, Asia, Australia and Africa and runs network operations centers in St Petersburg, Harahan, La., and Perth, Western Australia.

Steven Kaplan, a general partner at Riverside Partners, says that with the additional capital and backing of the private equity firm, he believes ITC Global will be primed to have accelerated growth.

IMD Cos. changes name to Optimum Mobile Imaging
Tampa-based IMD Cos. Inc. has changed its name to Optimum Mobile Imaging Corp. The company is engaged in the medical diagnostics and health and fitness industries. It delivers medical diagnostic services on-site at participating medical clinics and physician offices and markets and distributes nutraceutical supplements through clinics and the Internet.

Rapid Pathogen Screening hires Hologic exec as CEO
Sarasota-based Rapid Pathogen Screening Inc. has retained Mark Myslinski as its CEO. Myslinski has nearly 30 years of leadership experience in life sciences and diagnostic companies ranging from Fortune 100 companies to small, venture-backed start up organizations.

Prior to joining RPS, he held the positions of senior vice president and general manager of diagnostics for Hologic Inc. Before that, Myslinski was president and CEO of RedPath Integrated Pathology Inc. He was also general manager of Veridex LLC, a subsidiary of Johnson & Johnson's Ortho-Clinical Diagnostics.

“Mark brings a wealth of knowledge and valuable point of care diagnostic experience to RPS,” Robert Sambursky MD, president, chief medical officer, and executive chairman of RPS, says in a press release.

Founded in 2004, Rapid Pathogen Screening is a developer, manufacturer and marketer of rapid, point-of-care health diagnostic tests.

BeneTrac promotes Florida sales director
BeneTrac, a Paychex company focused on Web-based electronic enrollment and employee benefits administration software, has promoted Summer Hamilton to the position of vice president of sales. Hamilton will assume responsibility for BeneTrac's national sales team.

She will work from Paychex's Tampa branch.

Prior to this promotion, the company says Hamilton excelled as BeneTrac's regional sales director for the Florida market, where she developed strategic relationships with distribution partners.

Hamilton has nine years of experience in the employee benefits business working with providers such as Assurant Employee Benefits and Genworth Financial.

BeneTrac currently works with thousands of brokers and more than 500 carriers and data partners to help about 1,600 organizations manage benefits for close to 1 million members throughout the United States.


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