April 10, 2006 - Houston, Texas - Smart Imaging Technologies, Co. ("SIT"), the provider of SIMAGIS® , "Smart Imaging Spreadsheet" software for scientific and industrial image analysis, has secured funding by Aegis Texas Venture Fund, LP ("Aegis").
The Company, which has established the leading position in nanoscale image analysis, will use the funds to expand its sales and marketing operations to capitalize on growth opportunities in the nanotechnology, biotechnology, and material science fields.
“We are excited about our business prospects in these rapidly growing markets. Aegis’ involvement will help us realize these opportunities as we expand our Company”, said Vitali Khvatkov, Founder and CEO of Smart Imaging Technologies.
The Company’s primary product, SIMAGIS®, is a platform for automated image analysis for both science and industry. “SIMAGIS produces extremely rapid, accurate and reliable data from analyzed images, which until now, had to be analyzed manually or may not have been practical,” said Kevin Dragan, partner at Aegis. “We have been impressed with the Company’s products and its ability to secure such marquee customers as NASA, Rice University, Hewlett Packard and Seagate Technologies.”
About Smart Imaging Technologies
Smart Imaging Technologies (www.smartimtech.com
) is a Houston-based HTC client company that provides automated image analysis and 3D modeling software, solutions and services for science and industry. Contact information: firstname.lastname@example.org, 1-877-280-1100
About Aegis Texas Venture Fund
Aegis Texas Venture Fund, LP (“Aegis”) focuses on investing in early to mid-stage companies located in the State of Texas. Through these investments, Aegis supports local businesses and job creation. Aegis is an affiliate of Aegis Capital Group. For additional information, please visit www.aegiscapitalgroup.com
About Houston Technology Center
Houston Technology Center (HTC) is a business accelerator that assists Houston-based emerging technology companies in key sectors such as: Energy, Information Technology, Life Sciences, Nanotechnology and NASA-originated technologies. See www.houstontech.org for more information.