Cadent Closes $25 Million Financing
CARLSTADT, N.J., March 7 /PRNewswire/ -- Cadent Holdings, Inc. ("Cadent"),
a developer of industry-leading digital technology and services for use in the
orthodontic and dental markets, is pleased to announce it has completed a
$25 million equity financing. STAR Ventures, a leading international
investor, led this transaction. The Company's existing investors, including
JP Morgan Partners, Apax Partners, SV Life Sciences and Pitango Venture
Capital, participated significantly. Proceeds will be used to expand
Company's orthodontic business and accelerate completion and prepare for
launch of its dental market digital-technology.
About Cadent
Cadent provides digital-information products and services that improve the
efficiency of dental and orthodontic procedures for both the doctor and the
patient. Orthodontists recognize Cadent's OrthoCAD(TM) brand as the digital
leader, driving improved practice efficiencies, better practice marketability
and improved treatment solutions. Cadent's unique, industry-leading digital
solutions for the Orthodontic industry include:
- OrthoCAD(TM) Digital Study Models, a service that eliminates the cost
associated with physical models and provides more effective treatment
planning with ABO-approved diagnostic software.
- The industry's only Computer-Aided Indirect Bonding Service, which
significantly improves Orthodontist productivity while dramatically
reducing patient treatment time.
Cadent's digital innovations for the dental space will significantly
restructure how the dentist and their dental lab prepare and implement crown
and bridge treatments for their patients. With a unique and breakthrough
technology that will re-define market expectations for quality in intra-oral
scanning and CAD-based production of high-quality crowns, Cadent will replace
today's imprecise, unpleasant and time-consuming process with a fast and
accurate digital solution.
Cadent Holdings, Inc.
640 Gotham Parkway
Carlstadt, New Jersey 07072-2405
Telephone - 201.842.0800
Facsimile - 201.842.0850
http://www.orthocad.com
http://www.cadent.biz
corporate_info@cadent.biz
About STAR Ventures
Star Ventures (STAR) is an international venture capital group that
invests in Israel, the United States and Germany. STAR has a truly global
approach and focuses on deep-technology companies. Since its inception in
1992, STAR was involved as an investor in successful companies such as Ciena,
Alvarion, Precise, EFI, Creo, and Orckit.
STAR has approximately $1B under management and has achieved more than 50
successful exits. Star's typical areas of interest include information
technology, software, equipment for the communications and enterprise markets,
semiconductors and medical device and biotech companies. Star Ventures is
headquartered in Munich, with offices in Israel, and Dallas. For more
information about STAR please visit http://www.star-ventures.com.
STAR Ventures
Possartstrasse 9
D-81679 Munchen
GERMANY
49-(89)-419-4300
Fax: 49-(89)-419-4303
Email: info@star-ventures.de
11 Galgaley Haplada St.
P.O. Box 12600
Herzelia Pituach 46733
972-(9)-961-7111
Fax: 972-(9)-961-7100
Email: mail@star-ventures.com
Two Galleria Tower
13455 Noel Rd.
Suite 1670
Dallas, Texas 75240
1-(972)776-1516
Fax: -(972)702-1103
For additional information please contact Edward J. Sitar, Executive Vice
President and Chief Financial Officer of Cadent (Ed.Sitar@cadent.biz) or Zachi
Berger of STAR Ventures (zachi@star-ventures.com).
