Rand Capital Portfolio Company, KnowledgeVision, Merges with OpenExchange
Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital), a business development company, announced that one of its portfolio companies, KnowledgeVision Systems, Inc. , has merged with OpenExchange Inc. to form a market leading innovative video solutions company.
- Rand Capital Corporation (Nasdaq: RAND) (Rand or Rand Capital), a business development company, announced that one of its portfolio companies, KnowledgeVision Systems, Inc. , has merged with OpenExchange Inc. to form a market leading innovative video solutions company.
- Daniel P. Penberthy, Executive Vice President and Chief Financial Officer of Rand Capital, added, Rand has participated in five financing transactions into KnowledgeVision over the past six years.
- Rand Capital (Nasdaq: RAND) is a Business Development Company (BDC) with a wholly-owned subsidiary licensed by the U.S. Small Business Administration (SBA) as a Small Business Investment Company (SBIC).
- Rand currently focuses its equity investments in early or expansion stage companies and generally lends to more mature companies.