Contents

News and Features
PACT Formed
Social Media Marketing
Secrets of Success
MAC Awards Luncheon
imPACT Times Board Grows

Events
Signature Events Planned
Economic Outlook 2010
Summer Reception
Golf Outing
Cloud Computing Conference

Departments
Medical Devices Column
CIO Institute

Members
Member Reports

Advertisements

Vol. I, No. 1 June 2010

News and Features


Frank Hermance	Carolyn Maher	Dean Miller	Dianne Strunk

Merger complete: Eastern Technology Council and The Mid-Atlantic Capital Alliance are one

Greater Philadelphia Alliance for Capital and Technologies (PACT) will foster innovation and business growth

Leaders of the region’s technology and life sciences companies, and the investors who fund them, now have a strategic hub for business growth in the Greater Philadelphia Alliance for Capital and Technologies. PACT, as the new entity will be called, provides a central resource for education, information, mentoring, access to capital and networking.

Two powerhouse business associations — Mid-Atlantic Capital (MAC) Alliance and the Eastern Technology Council — have completed a merger to create PACT. While the MAC Alliance was more investor-focused and the Council was more focused on entrepreneurs, PACT will embrace both equally and seek to foster more direct connections between funders and company leaders.

The new organization also will welcome companies that provide professional services, consulting and other key resources. PACT will have a starting membership of more than 450.

Members will continue to enjoy the signature events and services they have come to expect, along with new offerings that will further enhance the value of membership.

The President and CEO of PACT is Dean Miller, a Partner at Novitas Capital. The chair is Frank Hermance, Chairman and CEO of Ametek, Inc. Dianne Strunk, former CEO of the Eastern Technology Council, is Vice President of Business Development. Carolyn Maher, former Executive Director of the MAC Alliance, is Vice President of Operations. Jennifer Cohen, Cheryl Jarvis Johnson and Kim Tuski, all staff members from the merging organizations, have joined the PACT staff as Directors.

“As a long-time member of both the Eastern Technology Council and the MAC Alliance, I am very pleased to have been a part of this merger and to take the lead in moving the new organization forward,” says CEO Miller. “This is truly a case where the sum is greater than the parts. By creating a single, strategic hub for the region, we can all do our jobs better — and ultimately provide more value to our members.”

An affiliate of the Greater Philadelphia Chamber of Commerce, PACT will be housed in the Chamber’s Center City Philadelphia offices at 200 South Broad Street. The new website is PhiladelphiaPACT.com.

Histories of Success

Each of PACT’s component organizations brings a history of success to the new entity.

As one of the nation’s most established investor and entrepreneurial forums, the MAC Alliance aimed to be the catalyst organization promoting the growth of the private equity, venture, and entrepreneurial communities in Greater Philadelphia and throughout the mid-Atlantic region.

The Council represented more than 450 technology and life sciences companies, and supported the growth and success of start-up, emerging and established companies by promoting, supporting, expanding, funding and rewarding entrepreneurial activities in the region.

More Events and Services

Members can look forward to more and better networking opportunities, conferences and events, as well as enhancements to the information, services and other resources needed to build and grow businesses successfully.

Continuing PACT events will include:

Enterprise Awards Gala
IMPACT 2010 (formerly Mid-Atlantic Capital Conference)
Summer Reception (June 24, see related story)
Medical Device Golf Outing
Investor Only events
Monthly CIO Institute events
Roundtables and summits

New PACT events will include:

Entrepreneur/Investor Socials
Next Generation Architecture Summit: Cloud Computing on the Rise (Oct. 5, see related story)
PACT Academy educational opportunities

PACT services will include:

imPACT Times e-zine (formerly Technology Times)
Online membership directory
Committees and affinity groups

“This is an exciting time for us,” says Maher. “This merger will allow us to bring more and better events, networking and knowledge to our membership and create a broader forum for entrepreneurs and business people to connect with the investment community.”

Improving the region’s economy

PACT is poised to create a positive impact on the region’s economy by:

Advocating and facilitating venture activity and deal flow
Creating a competitive edge by creating buzz and raising awareness of regional companies
Influencing regional legislation relevant to the technology and investment communities
Supporting and promoting emerging growth companies in the information technology, clean technology and life sciences industries.

“The combination of technology, life sciences, investment and professional services provides an incredible opportunity for the region,” says Strunk.

Executive Committee formed

The Executive Committee of the new organization has been appointed. In addition to Dean Miller and Frank Hermance, it includes Michael Forman, Managing General Partner, FB Capital Partners; Marc R. Lederman, General Partner, NewSpring Ventures; Charles Robins, Managing Director, Fairmount Partners; and Kathleen M. Shay, Partner, Duane Morris LLP. A new Board of Directors will be finalized soon.