Center for Innovative Technology

Center for Innovative Technology

Center for Innovative Technology

Overview
Date Founded

1984

Headquarters

2214 ROCK HILL ROAD, HERNDON, VA, 20170

Charitable Causes

Science & Technology Research
Philanthropy, Voluntarism, and Grantmaking Foundations

Employees (Worldwide)

11 - 50

Industries

Hospitals & Patient Services
Medical Support Services
Computer Software
Other Business & Consulting Services
IT Consulting & Services
Private Equity & Venture Capital
Investment Services & Portfolio Management

Company Description

CIT helps innovative Virginia-based technology and life sciences start-up companies secure their first seed investment. They focus on the enhancement of research and technology transfer activities of Virginia universities and the new technologies, entrepreneurs and technology companies that make innovation happen. Their operating structure consists of service lines that enable them to respond to new opportunities with governmental and private sector clients. CIT has three four service lines: CIT Entrepreneur, CIT R&D, CIT Broadband and CIT Connect.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Technology Officer

Managing Director of CIT Gap Funds

Director of Consulting Services

Senior Vice President, Policy & Regional Initiatives

Vice President, Government & Public Affairs

Vice President, Consulting Services

Vice President, Research Investment

Chief Financial Officer

General Partner, Mach37 Cybersecurity Accelerator

Board of Directors

Co-Founder at Paladin Capital Group

Partner, Washington DC at New Enterprise Associates

Former Corp Vice President, MSN at Microsoft Corporation

President at Virginia Polytechnic Institute and State University

Founder at Unissant, Inc.

Former President-Americas Outsourcing at Computer Sciences Corp.

Vice Chairman, Board of Directors at Center for Innovative Technology

Former Chairman & Chief Executive Officer at NTELX, Inc.

Senior Vice President & General Manager at Enterprise Services LLC

Member, Board of Directors at Center for Innovative Technology

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Recent Transactions
Details Hidden

SolarWinds Corp. purchases VividCortex, Inc. from Battery Ventures, New Enterprise Associates, Osage Partners LLC, Center for Innovative Technology, Bull City Venture Partners LLC

Details Hidden

Movista, Inc. purchases South49 Solutions, Inc. from Activate Venture Partners, Center for Innovative Technology, Originate Ventures LLC

Details Hidden

Jazz Pharmaceuticals Plc purchases Cavion, Inc. from Lilly Ventures Management Co. LLC, Novartis Venture Fund, Center for Innovative Technology, Enso Ventures Ltd.

Transaction Advisors
Escrow Agent

Advised onAgenus Inc. purchases PhosImmune, Inc. from Center for Innovative Technology

Escrow Agent

Advised onInspyr Therapeutics, Inc. purchases Lewis & Clark Pharmaceuticals, Inc. from Center for Innovative Technology

Advisors & Consultants
Consultant

The Potomac Institute for Policy Studies provides policy research and development services. The firm identifies and shepherds discussion on key science, technology, and national security issues facing the society, providing in particular, an academic forum for the study of related policy issues. The company was founded in 1994 and is headquartered in Arlington, VA.

Consultant

Holland & Knight LLP provides legal services. The company offers four practice sections: litigation, government, business and real estate. It has locations in Atlanta, Bethesda, Boston, Fort Lauderdale, Jacksonville, Los Angeles and Tallahassee. The company was founded in 1968 and is located in Miami, FL.

Legal Advisor

Andrews Kurth LLP is a Houston, Texas based international law firm founded by Frank Andrews and U.S. Congressman Thomas Henry Ball in 1902 and later joined by Melvin Kurth in 1913. The firm currently has over 400 attorneys in its offices in major energy, financial, and political centers worldwide, including London, Beijing, Dubai, Dallas, New York City, Washington, D.C., and Houston. The firm is currently led by Bob Jewell as Managing Partner and Thomas Perich as Chairman.

Clients

Virginia Health Quality Center provides healthcare consultant solutions. Its services include EHR optimization, medical record review, practice transformation, Rx cost management and hospital value-based payment. The company was founded in 1984 and is headquartered in Richmond, VA.

Member, Cloud Forensics Working Group at National Institute of Standards and Technology

Key Stats and Financials As of 2016
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$17.5M
Non-Profit Donations & Grants
Investments
Details Hidden

Fourstay, Inc. operates an online marketplace for student housing. The company was founded by Akobir Azamovich and Faridun Nazarov in 2016 and is headquartered in Arlington, VA.

Details Hidden

Steel Mountain Systems Corp. provides security and network management services. It offers Secaura for the home and software and firmware solutions for local area network and cloud infrastructure. The company was founded by Will Butler and Thomas Maarseveen and is headquartered in Herndon, VA.

Details Hidden

ThreatSwitch, Inc. provides a security and compliance software for security managers. Its platform tracks security operations such as employee training, facilities, records, and documents. The company was founded by John Dillard in 2016 and is headquartered in Charlotte, NC.

Suppliers
Virginia Polytechnic Institute and State University Schools & Student Services | Blacksburg, VA

Virginia Tech takes a hands-on, engaging approach to education, preparing scholars to be leaders in their fields and communities. As the commonwealth’s most comprehensive university and its leading research institution, Virginia Tech offers 215 undergraduate and graduate degree programs to more than 30,000 students and manages a research portfolio of more than $450 million. The university fulfills its land-grant mission of transforming knowledge to practice through technological leadership and by fueling economic growth and job creation locally, regionally, and across Virginia.

DeepMile Networks LLC Market & Policy Research | Arlington, VA

DeepMile Networks LLC operates as a data analytics and market research company. Its specializes in data science, computer science, computational social psychology, semantic technologies and artificial intelligence and mathematics. The company was founded by Eric Malawer and Ben Kasoff in 2006 and is headquartered in Arlington, VA.

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