LogicMark became a Generation 3 Capital portfolio company on the last day of 2011. LogicMark a leading designer and manufacturer of innovative personal emergency response systems (“PERS”) with two-way voice communication directly through the pendant. LogicMark’s unique products offer those needing assistance an alternative to expensive nursing and healthcare facilities while providing safety and comfort of knowing that friends, family and emergency personnel are a push of a button away.
“The end customer demographics and rising healthcare costs afford LogicMark a growing market; combine this with innovative and affordable products and it is an exciting opportunity for us” said Jim Coleman.
“We are excited about Gen3 making an investment in our business and believe this will help expand our market coverage and enable us to focus on introducing new products” said Mark Gottlieb, who founded the Company in 2006 and will be staying on as Chief Creative Officer.
Joining the LogicMark team will be security industry veterans Ben Cornett (CEO) and Kevin O’Connor (President). “We are thrilled to be a part of the LogicMark team and look forward to continuing to grow the Company, develop outstanding products and maintain the first class customer service that LogicMark is known for” said Mr. Cornett. Both Mr. Cornett and Mr. O’Connor previously worked for Honeywell Security Group as President and Vice President of Global Sales respectively. Most recently, Mr. Cornett and Mr. O’Connor worked for another Gen3 portfolio company, EZ Watch Pro, LLC.
Click here for the press release on the acquisition. For more information on LogicMark please visit our site at www.logicmark.com.
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