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Business briefs: Investors bet $10M on Aspen and Atmos, and more

Margie Manning



Photo by Sharon McCutcheon on Unsplash

Two Tampa technology companies have fresh capital after wrapping up funding rounds.

Aspen RxHealth raised $9 million in a Series A funding led by Flare Capital Partners, with additional funding for an unnamed strategic partner. Aspen RxHealth has an app-based intervention technology that connects pharmacists with patients to deliver clinical services. The goal is to make sure patients take their medications as intended and cut errors.

Atmos Home, a Tampa company developing smart home control systems and accessories, closed on a $1 million seed round from Luminance Brands, a Commerce, California-based lighting company. The funding comes as Atmos prepares to roll out its flagship product, AtmosControl, at the Consumer Electronics Show in Las Vegas next month.

Software firm sells

AN Global, a Dallas and Mexico City-based consulting firm, has bought 4th Source Inc., a software development and IT services firm headquartered in Rocky Point.

Specific financial terms were not disclosed, but Monroe Capital said it was the arranger and administrative agent on funding an $80 million senior credit facility to support the deal.

4th Source, led by co-founders Mark Molinari and Rick McKay, is among the largest managed IT services firms in the area, with 30 local employees and $28 million in 2017 revenue, according to Tampa Bay Business Journal research.

JUST list

Four Tampa Bay-based companies made the 2018 JUST Capital list of 1,000 firms that do the best job of serving the needs of society.

Jabil (NYSE: JBL) ranked No. 182, followed by WellCare Health Plans (NYSE: WCG) at No. 352, Raymond James Financial (NYSE: RJF) at No. 494 and Welbilt (NYSE: WBT) at No. 539.

Mosaic (NYSE: MOS), which is relocating its headquarters to Tampa, came in at No. 431.

The rankings are based on issues such as good jobs, fair pay and strong benefits, employee education, support for local communities, customer privacy, environmental impact, and more, JUST Capital said.

Retail predictions

At least one top grocery company will convert its stores into click-and-collect/delivery warehouse spaces in 2019.

That’s the prediction from Sean Cheyney, vice president of global business development at Triad Retail Media in St. Petersburg.

Cheyney expects roughly 25 percent of U.S. square footage will be converted into warehouse space for click-and-collect and delivery purposes, according to Forbes magazine. “The initial test will be in high-traffic suburban stores and a few affluent urban locations,” he told Forbes.

Check out other retail predictions here.


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