Venturesoft (company)
Venturesoft is a privately held American company and commercial website that claims to help companies with product strategy and software development. The company is a direct supplier of senior product strategy and senior software engineering consulting talent. It is also an independent entity that performs due diligence for mergers, acquisitions, and funding events for various private equity firms, venture capital firms, and hedge funds. It is headquartered in Monroe, Connecticut, United States.
History
The company was founded by Mike Tedesco on June 2, 1995 with an incorporated name of Venture Forth Software, Inc. The company later converted to a Connecticut Limited Liability Company as Venturesoft LLC on May 19, 2010. The company continues to be owned and operated by Mike Tedesco under the Venturesoft trademark.
Operation
The company originally developed proprietary claim processing and product liability transactional analytics for Aetna and Travelers Group in 1995 and 1996 focusing initially on the class action lawsuits involving Dow Corning’s silicone implant controversy. Venturesoft's systems reprocessed and recalculated all product liability claims independent of Dow Corning, Aetna, and Travelers, and applied COBIT methodology to verify accuracy, completeness, and proper valuation.
In 1997, the company later developed core elements of Priceline.com’s original airline ticket booking systems, customer service subsystems, and data warehouse. Venturesoft's systems integrated with Global Distribution Systems that included Worldspan using an early version of Java. These systems were relied upon through Priceline.com's initial public offering in 1999 in which it proceeded to raise $160MM. The company proceeded to develop additional systems for Hotel, Car Rental, and Ground Transportation.
Between 2010 and 2014, the company further developed solutions for several iOS and Android apps and HTML 5 games that were subjects of emerging areas of research by the U.S. Department of Education and U.S. National Institutes of Health under several distinct research grant awards targeting special needs in Autism Spectrum Disorders, Down Syndrome, and Attention Deficit Hyperactivity Disorder. The cumulative awards totaled more than $6MM.
The products that the company developed grant-specific deliverables including a suite of Autism-focused apps by HandHold Adaptive (iPrompts, StoryMaker, AutismTrack); Speech-therapy apps by HandHold Adaptive (SpeechPrompts); Longitudinal Autism Research with a randomized, controlled trial for Cognitive Behavioral Therapy for Core Autism Symptoms in School-Aged Children in a Clinical Trial in partnership with UCLA’s Center for Autism Research and Treatment (AutismTrack); and neuroscience-based brain-training games targeting children with ADHD (C8 Science’s Activate platform, a spinoff of Yale University’s Child Study Center, led by founder Dr. Bruce Wexler). The neuroscience games were co-developed with Navid Khonsari of iNK Stories, a video game production firm who’s team originally developed Grand Theft Auto 3.
See also
- Ubisoft