Tracker Capital Acquires Presage Security | Business enterprise & Finance

NEW YORK–(Business WIRE)–Jan 20, 2021–

Tracker Capital Management, LLC (“Tracker Capital”), a stage-agnostic enterprise capital investor that principally invests in rising technologies, these days declared that 1 of its affiliates has obtained managing curiosity in Presage Stability (“Presage”).

Based in Reston, Virginia, Presage is a recently proven technological know-how enterprise making use of equipment learning and sophisticated mathematical processing to the evaluation of online video imagery, with a broad range of emerging applications in health care, stability, and authenticity verification.

“Tracker Capital’s financial commitment and partnership will substantially improve our potential to provide modern solutions to our consumer foundation,” said Mark Oliver, Founder and Chief Executive Officer of Presage. “Tracker Capital provides comprehensive experience in our focus on industry segments and together, we will be ready to properly scale our enterprise to meet the escalating demands of our shoppers.”

David Robertson, Handling Director at Tracker Capital, commented: “We are happy to spouse with Presage, significantly at this remarkable time in the company’s growth. With its progressive know-how and common applicability, we believe there are considerable opportunities forward for the company. We appear forward to functioning with Mark and the staff to aid Presage accomplish its vision as the market chief in movie investigation.”

Lowenstein and Sandler LLP served as lawful advisor to Tracker Money.

A venture-concentrated trader primarily based in New York, Tracker Capital aims to make investments in rising systems and businesses throughout several stop markets and levels of development. Tracker Funds was started by Stephen Feinberg, Co-Founder and Co-Main Govt Officer of Cerberus Capital Management, L.P., as a separate and unbiased financial investment motor vehicle targeted on early-stage investments. In addition to investing sources to fund growth, Tracker Capital’s enterprise-oriented platform provides guidance and operational assist to entrepreneurs to enable change their strategies, principles, technologies, and businesses into tested, sustainable organizations.

Presage is a a short while ago set up technological know-how enterprise based mostly in Reston, Virginia. The organization applies device studying and superior mathematical processing to the assessment of online video imagery, with a large array of rising programs in health care, stability, and authenticity verification.

Search phrase: UNITED STATES NORTH The united states NEW YORK VIRGINIA

Market Key word: Specialist Expert services Info Management Technological know-how Images AUDIO/Online video FINANCE Components

Resource: Tracker Cash Administration, LLC

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PUB: 01/20/2021 03:40 PM/DISC: 01/20/2021 03:41 PM

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