Communication Synergy Technologies Inc. Announces Venture Capital Investment with the Trillium Group to Expand Market Presence
November 22 2005 - 11:12AM
PR Newswire (US)
ROCHESTER, N.Y., Nov. 21 /PRNewswire/ -- Communication Synergy
Technologies Inc., (ComSynTech) (CSYT) a developer of document
management solutions, announced today investment from the Trillium
Group, a private equity firm, to fund acceleration of its product
development and commercialization. The Trillium Group, also located
in Rochester, has agreed to provide investment capital from its
University Technology Seed Fund. The fund was specifically
developed to support promising ideas and product concepts requiring
capital prior to full commercialization. According to ComSynTech
CEO and founder Dr. Seth Borg, "Our relationship with the Trillium
Group brings the resources we need to finalize our
commercialization programs and is a logical step in developing
relationships necessary to speed our products to market."
Trillium's funding support will be focused on two of ComSynTech's
products: The InFORM(TM) Radiology Information System (RIS) for
integrating and automating radiology and diagnostic imaging center
workflow, and the Document Vault which delivers a scalable and
fully automated document archiving process eliminating reliance on
originating software or hardware. Trillium General Partner, Jose
Coronas said today "The promising technologies that ComSynTech has
been developing offer strong potential to shape markets and
businesses in a way that provides increased productivity and cost
containment. It's the type of business we look for, and we are
supportive of their mission." Communication Synergy Technologies
Inc. (ComSynTech) develops and markets document creation,
management and preservation systems for medicine, industry, finance
and government. Its products provide efficiency, flexibility and
improved quality by automating the creation, capture, management,
distribution, archiving, preservation and retrieval of voice and
word documents across multiple markets. ComSynTech products and
development platforms integrate with and complement existing
technologies, accelerating time-to-implementation. DATASOURCE:
Communication Synergy Technologies Inc. CONTACT: Ron Roberts,
Martino Flynn, LLC, +1-585-421-0100; Investor Relations, Chief
Operating Officer, Communication Synergy Technologies Inc.,
+1-585-241-9150,
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