Leading Healthcare Innovations.
iNetworks is a private equity firm leading the way in discovering disruptive technologies in IT, Healthcare, and Life Sciences by providing needed capital, experienced management, and applying operational know-how to assist companies and entrepreneurs to accelerate their product or service commercialization.
“It’s about identifying that disruptive technology and committing your time, resources, and expertise in developing that technology and bringing it to market.”
ONGOING CLINICAL TRIALS
To ensure more positive trial outcomes, we invest in technologies that possess strong medical efficacy.
HISTORICAL & STILL APPROVED
Decades of experience has allowed us to manage the approval process consistently.
Health. Innovation. Value.
Since 1999, iNetworks has been investing in various stages of companies, ranging from restructuring, leverage buyouts, to early-, mid- and late-stage investments. We have played the role of lead-investor, general participant and activist investor. Knowing that technological advancement is at the core of healthcare, it is our goal to develop and commercialize technologies that will improve sector’s health at the core of the sector. With the combination of our industry knowledge and investment experience we act as activist investors and provide a competitive advantage for our portfolio companies.
A Fund of Operators and Industry Specialists
Anthony Tomasello has joined iNetworks after a hiatus following his retirement as the Executive Vice President and Chief Technical Officer of Stericycle, Inc., a Lake Forest, IL based publicly traded company on the NASDAQ exchange (SRCL). Stericycle specializes exclusively in regulated services and the associated risk management to the healthcare community. Mr. Tomasello joined Stericycle in its infancy as a venture capital start-up funded with $200,000 of seed capital and with the team developed and commercialized its intellectual property and operations, both domestically and internationally. During the time that he spent as a member of the executive officer team, he was instrumental in Stericycle’s growth to its current position as the world’s leader in its field with more than $2 billion in sales and a current enterprise value of more than $12 billion and more than 14,000 full time employees.
Mr. Tomasello is a graduate of the University of Pittsburgh in Mechanical Engineering and began his engineering career with a multi-national process equipment, engineering and construction firm. His business career started in the late 1960’s focusing on the tasks of building a domestic technical network for the company’s process equipment and introducing new technology into the international market. Additionally, he has personally developed several technology-based businesses. Immediately prior to his association with Stericycle, Mr. Tomasello founded, grew, and then subsequently sold a technology consulting firm that concentrated its practice in the areas of development and commercialization of high technology processes and specialized automation applications. He is the holder of multiple domestic and international patents and his work has been featured on the 20/20 television magazine program. Additionally, he has public and private company and non-profit Board of Directors experience, in particular, being an active member of the Merrill Lynch/Bank of America Advisory Board.
Currently, as its Chairman and majority shareholder, he guides the strategic activities of Novian Health, a FDA approved breast tumor therapy company; as a founding investor, he supports the commercial launch of ROND, Inc. a web-based data analysis and management company: and he is a past member of the Board of Directors of a joint venture with the University of Utah to commercialize technologies issuing from the University staff. Mr. Tomasello is a Trustee and Finance Committee member of the Pittsburgh Symphony Orchestra, Director and Finance Committee member of Community Schools and Founding Supporter of Man-Up Pittsburgh.
At iNetworks, he focuses on providing strategic technical and commercial guidance to its portfolio companies with the goal of minimizing execution risk and enhancing shareholder returns. Additionally, he will leverage his networks to identify investment opportunities for inclusion in the iNetworks portfolio.
Furman South is an accomplished leader with proven experience transforming organizational cultures, instituting process improvements to maximize efficiency and profitability. He has facilitated excellence by promoting teamwork and continuous improvement in all disciplines of every organization he has guided.
Prior to coming to iNetworks, Mr. South was CEO of Saxonburg Ceramics, Inc., a closely held manufacturer of technical ceramics. He grew and consequently sold the company to a competitor, maximizing shareholder value. He was then instrumental in developing a retirement plan services division at a regional insurance broker, after which he moved to a start-up brand management company in the beverage market. He then returned to the manufacturing world with a supplier to the automotive market as well as an electronic component manufacturer. He has also participated in the early stages of a consulting company concentrating on Sale consulting, team building and executive coaching.
Through the years, Mr. South has served on the Board of numerous companies and charitable organizations. Mr. South holds a BS in Business Administration from Villanova University.
John began his career at the World Bank in Washington, DC working for the Private Sector Development Vice-Presidency (Department). There he focused on rebuilding former Soviet Bloc country economies.
To further his education, John left the Word Bank to pursue his Ph.D. in Financial Econometrics with applications to Monetary Theory and Asset Valuation at Penn State University. From there, John spent many years in the finance industry working with various banks and financial lending institutions pricing debt instruments, particularly, mortgage related securities, which were bundled and/or sold to Fannie Mae, Freddie Mac and private investors.
John later partnered with a colleague and started an independent asset advisory and research firm that specialized in portfolio derivative hedging techniques and selling equity and fixed income analysis. Leaving the firm to be managed by his partner, John was asked to provide economic analysis to a presidential campaign, particularly on issues pertaining to the housing market, federal deficit levels and budget analysis. For the next several years, John worked for several political campaigns on the national, state and local level as campaign manager, press secretary, political director and general consultant in various states.
Leveraging his political experiences, John moved on to become a lobbyist representing various interests.
John then became Managing Director at Catlin Financial, a municipal financial advisory that specializes in the quantitative and technical analysis of pension obligations and funding levels, as well as advising on bond issuance, budget analysis and municipal swap transactions.
Currently, John is the Senior Investment Manager at iNetworks, valuing potential portfolio companies for the Opportunity Fund (a venture capital fund).
Colin South is an associate at iNetworks, where he performs due-diligence and financial analysis in evaluating potential investment opportunities and advising portfolio companies.
Prior to joining iNetworks, Colin worked for Motion and Control Enterprises, a private equity owned industrial supplier, where he led the M&A and capital budgeting team. He also spent time in the Consulting Group at BDO, where he advised midsize public and private companies in business valuation and analytics. Colin holds a B.S.B.A. in Economics and Finance from Robert Morris University, where he was the valedictorian of the Economics program and captain of the NCAA Division I hockey team. He is currently a CFA Level II candidate.
In his free time, Colin is an avid reader, golfer, and enjoys taking his dog to the park.
Rae has masters in both mechanical engineering and innovation management from Carnegie Mellon and bachelors in both industrial engineering and statistics from Virginia Tech . Originally from Trinidad and Tobago, Rae has worked with PPG automotive division . His main interests lie in the Biotechnology and Fintech spaces.
Our long-term success is attributed to investing in only "what we know"
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