INDIANAPOLIS, Jan. 9 /PRNewswire/ -- BioStorage Technologies, Inc. (the “Company”) a premier provider of advanced biomaterial storage, inventory management and cold chain logistics for the global biopharmaceutical market, today announced that David Mann of Spring Mill Venture Partners (“Spring Mill”)has joined BioStorage Technologies’ board of directors. As a partner to existing venture capital firms Radius Ventures and Twilight Venture Partners, Spring Mill’s capital investment will further the Company’s continued growth worldwide, offering biorepository services to the life science industry.
“We look forward to David Mann joining our board of directors and to Spring Mill’s committed partnership with our company,” said F. John Mills, M.D., Ph.D., BioStorage Technologies’ Chairman and Chief Executive Officer. “David brings a wealth of knowledge and experience in entrepreneurial development and information technology. This will enable us to continue developing and maintaining our services with the highest levels of quality and customer support, which our clients deserve and expect.”
“We are excited about this partnership with BioStorage Technologies as now, more than ever before, life science companies are recognizing the value of biological specimens and the critical need to have them expertly managed. This is driving these companies to adopt solutions that ease this challenge,” said David Mann, co-founder and general partner of Spring Mill Venture Partners. “As an early leader in the growing specimen management market, BioStorage Technologies is poised to become the global leader in this space, and we are excited to work with the company as it expands its reach.”
David Mann is a co-founder and general partner of Spring Mill Venture Partners, a venture capital firm focused on early stage, high-growth life science and information technology investments. Previously, Mr. Mann worked with ServiceMaster Ventures, a corporate venture group. He was a founding member of the ServiceMaster Home Service Center (formerly WeServeHomes), a joint venture between Kleiner Perkins Caufield & Byers and ServiceMaster, in which he held operations and sales roles. Additionally, Mr. Mann served as assistant to the CEO of INVESCO, a leading investment management firm. Mr. Mann began his career in the U.S. Navy where he held various leadership positions that encompassed information systems, business operations, logistics and service as a White House liaison. He also serves on the boards of Cine-tal Systems, Indiana University Liberal Arts and Management Program, International Kidney Stone Institute, TechPoint Political Action Committee and the Venture Club of Indiana. Mr. Mann is an adjunct faculty member at Indiana University, Kelley School of Business (Indianapolis). He received his M.B.A. from Harvard Business School and his B.S. from the U.S. Naval Academy at Annapolis.
About Spring Mill Venture Partners
Spring Mill Venture Partners is an early stage venture capital firm focused on investing in high-growth information technology and life sciences companies located in Indiana and the surrounding Midwest region. They focus on providing the strategic and tactical assistance that early stage companies need to grow and prosper. More information is available at www.springmillvp.com.
About BioStorage Technologies
BioStorage Technologies, Inc. is a premier provider of advanced biomaterials storage, inventory management and worldwide cold chain logistics. The company offers expert storage and management of a wide range of specimens and sample types including fixed tissue preparations, donor materials, stem cells, plasma, serum and body fluids. BioStorage Technologies serves global pharmaceutical and biotech developers and manufacturers; research facilities; donor organizations; tissue, bone and blood banks; forensic laboratories; universities; zoological and veterinarian treatment/research facilities; and healthcare and life sciences firms.
The company’s competitive advantages include an industry-experienced leadership team; a custom-built biorepository facility; advanced, validated storage processes and technologies; compliance with Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP) and Good Tissue Practice (GTP); and a proprietary, Title 21 CFR Part 11 sample inventory management system (ISISS(R)) designed specifically for compliant biomaterial storage, tracking and reporting.
BioStorage Technologies has representatives and clients throughout the U.S. in markets such as Boston, Mass.; Chicago, Ill.; Indianapolis, Ind.; Madison, Wis.; New York, N.Y.; San Diego, Calif. and San Francisco, Calif. The company is privately-held and headquartered in Indianapolis, Ind. For more information about the company, please visit www.biostoragetech.com or call +1 (866) 697-2675.
[This press release does not constitute an offer to sell, or solicitation of an offer to buy any security or other interest in the enterprise described herein. It is provided for informational purposes only, and is not a solicitation of any investment, monetary or otherwise.]
MEDIA CONTACTS: Denise McFadden Amy Zucker Synergy Marketing Group, Inc. Synergy Marketing Group, Inc. (317) 205-9690 ext. 5 (317) 205-9690 ext. 2 denise@synergy-mg.comamy@synergy-mg.com
BioStorage Technologies, Inc.
CONTACT: Denise McFadden, +1-317-205-9690 ext. 5, or denise@synergy-mg.com; or Amy Zucker, +1-317-205-9690 ext. 2, or amy@synergy-mg.com, bothof Synergy Marketing Group, Inc. for BioStorage Technologies, Inc.
