Canal Partners is pleased to have exited WebPT to return a substantial return to its investors. Please look at the press release below to read more.
Canal Partners is pleased to announce the funding of a 2.1m Series A Round of PetDesk. PetDesk is a San Diego based SaaS solution for veterinary clinics. Click below for the the press release.
Venture Capital Firm Canal Partners Appoints David Paul as Partner
Paul brings a wealth of investor and operational experience to the company
PHOENIX (June 22, 2017) – Canal Partners, a professional venture capital firm based in Scottsdale, Ariz., has appointed David Paul as a partner in the company. In this role, Paul will lead the charge on deal sourcing, executing due diligence on potential investment opportunities, participate on the board of directors of certain portfolio companies, and provide portfolio support and governance.
Prior to joining Canal Partners, Paul served as director of DWP Investments, and as an investor in residence at Tallwave Capital. He was also the founder and CEO of South Florida Home Care, a boutique home care and geriatric care management agency. He sold the company in 2016 to a national strategic buyer- Home Care Associates. Paul brings a wealth of industry experience and a strong background in technology and SaaS investment deals.
“We worked in tandem with David on several projects in the past and saw first-hand how valuable he is in identifying viable opportunities and building relationships,” said Todd Belfer, managing partner at Canal Partners. “He is an asset to our team and we are looking forward to a prosperous future with him on board.”
Paul holds an MBA from Northeastern University, with a specialization in entrepreneurship and innovation, and a bachelor of science in Human Services from Springfield College. He is also the founder of Sunsets and Seagrapes, an annual fundraiser for the New Day Adult Care Center in South Florida.
“Canal Partners has built a name for itself as a trusted, credible and strategic venture capital firm in the technology and B2B startup community, and I’m eager to be a part of this team,” Paul said.
About Canal Partners
Canal Partners is a venture capital firm that provides professional investor services and capital to B2B software and internet technology companies that have market-proven products and services. Canal Partners creates and increases value for highly scalable, revenue-generating, growth-oriented companies in a variety of internet and software-as-a-service businesses. With offices in Phoenix, Atlanta, and San Diego, Canal Partners works with select portfolio companies, actively participating in board, advisory, strategic, and support roles to increase scalability, financial stability, and shareholder value. Learn more at www.canalpartners.com.
New asset optimization solution helps fleet owners gain a competitive advantage.
April 11, 2013 – Atlanta – Omnilink today announced a collaboration with Sprint to offer Omnilink Asset Tracker for Trailers, which empowers fleet owners to locate and manage trailers across the United States. A turnkey solution featuring featuring hardware, software and service, Omnilink’s trailer tracking solution provides transportation, construction, retail and other companies with new options for managing their assets.
Omnilink Asset Tracker for Trailers combines the Omnilink Asset Tracker™ application with the CalAmp TTU-720 device, which uses GPS and Sprint’s nationwide CDMA network to provide fleet managers with the exact location of every trailer. With real-time and historical location information, fleet managers can:
• Improve security and utilization of remote trailers with configurable alerts for trailers that are moved or sit idle for too long.
• Reduce costs by automating inventory management, saving fuel and time searching for remote trailers and freeing staff to focus on more productive activities.
• Know the location of all trailers in-transit to improve responsiveness and provide delivery status to customers, particularly those with just-in-time supply chains.
• Increase revenue by increasing the frequency of trailer turns between arrival and departure.
• Increase billable hours by accounting for the actual time trailers are detained or stored at a customer site.
“In today’s economy, fleet owners can’t afford to have any more trailers sitting idle without producing revenue,” said Wayne Ward, vice president-M2M and Connected Transportation, Sprint. “Our joint solution with Omnilink uses our network technology to help keep cargo moving. It determines which trailers are parked in each yard, which trailers need to be picked up, and the precise GPS location of every trailer in a fleet, giving owners real-time location information necessary to ensure that every trailer is maximizing revenue. Wireless asset tracking is another example of how connected devices are changing every aspect of our lives, impacting how we work and live.”
According to the U.S. Department of Transportation, fleets are accumulating more than three trailers per tractor to accommodate for the lack of trailer visibility and status. This leaves costly, non-revenue generating trailers sitting idle at customer locations or altogether lost, wasting resources in the process.
“Our continued collaboration with Sprint expands our portfolio of tracking solutions, allowing us to better address the needs of fleets, offering them an out-of-the-box solution to optimize the use of a fleet’s inventory of trailers, improve trailer and cargo security and increase carrier profitability,” said Steve Hudson, chief development officer at Omnilink. “By eliminating the wasted time and resources many fleets have been forced to struggle with, fleet managers can instead focus on growing and improving their business.”
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