Health IT Cybersecurity firm to accelerate growth through co-location and access to Sage Growth Partners commercial capabilities
Baltimore, MD – February 19, 2015 – Sage Growth Partners (SGP), a healthcare strategy, technology, and marketing firm based in Baltimore, today announced that Baltimore-based startup, Protenus Inc., has joined the company’s Venture Management Program.
Protenus, which helps hospitals protect patient privacy by detecting and preventing data breaches by insiders, is co-located with SGP and will access SGP’s wide range of commercial services and contacts to refine and accelerate their go-to-market activities.
According to Nick Culbertson, Co-Founder of Protenus, “We believe working with Sage Growth Partners optimizes our chances for success as we as move from the inception phase to growing our idea and young company into a viable, commercial venture. The breadth of talent, services, and links to commercial contacts at Sage will serve as invaluable resources as we run towards launching a next-generation health IT cybersecurity solution to the market.”
Veneeth Iyengar, VP of Business Development/New Ventures for Sage Growth Partners explains, “We are proud to continue our association with Protenus, having served as their mentor during the 2014 DreamIT Baltimore program. Nick Culbertson and Robert Lord are developing a disruptive healthcare cyber-security solution that is helping to address a critical challenge that all healthcare institutions are facing.”
He goes on to say, “This relationship is a great addition to our Venture Management Program, a fast growing area at SGP that offers advisory and partnership services to Venture Capital/Private firms, their portfolio firms, and select early stage businesses. We are happy to support the excellent work of the greater Baltimore Incubator and Tech Community and to provide the next layer of support for those graduating from incubator programs.”
“Protenus represents the kind of organization we believe we can best serve with our venture acceleration services,” says Don McDaniel, SGP CEO. “Their decision to co-locate and work with us underscores our unique capacity to empower companies in the early stages of development. We are proud that Nick and Robert have chosen to work with us. It’s an exciting partnership with remarkable potential.”
About Protenus, Inc.
Protenus Incorporated is a Baltimore startup that helps hospitals protect patient data in the electronic medical record by using a leading-edge analytics to detect and thwart insider threats. The company was founded in 2014 by Robert Lord and Nicholas Culbertson, medical students who put their studies on hold to solve a huge and growing problem in healthcare. With an initial round of funding complete, Protenus, Inc. is focused on commercializing their proactive cybersecurity solutions to the healthcare market.
About Sage Growth Partners
Sage Growth Partners (SGP), a healthcare strategy, technology, and marketing firm, provides insight, advice and multi-disciplined execution to growth-minded health care organizations nationally, including hospitals, health systems, physicians groups, insurers, trade associations, and academic institutions. With deep roots in the business of health care, SGP delivers results to difficult industry and organizational challenges.
Founded in 2005, SGP is located in Baltimore, MD and serves clients such as GE Healthcare, Boston Scientific, SAS, Stericycle, Availity, HeartFlow, St. Jude Medical, National Association of Community Health Centers, and Boston Medical Center.