BETHESDA, Md., March 14, 2011 /PRNewswire/ -- WealthEngine, the leading provider of wealth identification and information-based fundraising solutions, announced today that the Company along with its investment partners, Novak Biddle Venture Partners and QED Investors, has taken top honors for the Early Stage Deal of the Year, an award given by the Washington Business Journal, as part of its 2011 Venture Capital Awards for Greater Washington.
The Venture Capital Awards recognize the region's best venture capital deals -- based on size and significance -- and the venture capital firms and individuals behind them.
"We are proud to have won this award alongside our esteemed investment partners," said Tony Glowacki, WealthEngine's Chief Executive Officer. "Innovation is part of our DNA and has fueled our 40% year over year growth. With the venture funding supporting a solid business foundation, we have been able to accelerate our product development, invest in our technical infrastructure and expand our marketing reach to serve our clients and capitalize on a growing market need for wealth research and analytics."
Over its 19 years, WealthEngine has built a strong reputation as the leading provider of wealth identification and information-based fundraising solutions. The Company has helped its clients collectively raise billions in funds. In addition to having the largest wealth database on the market, WealthEngine helps almost 2500 organizations identify and target prospective donors and clients with its proprietary analytics and rating systems. Leaders in healthcare, higher education, nonprofit, financial services and luxury goods and services have long looked to WealthEngine for solutions that help them target and cultivate relationships with high net worth individuals.
"The Company has done a nice job developing robust information solutions and is quickly building out world class analytics capabilities," commented Jack Biddle, general partner of Novak Biddle Venture Partners and WealthEngine board member. "Looking across the nonprofit, financial services and luxury commercial segments that are core to WealthEngine, we see a market that is large and growing and a Company that is positioned to benefit from increasing demand."
WealthEngine combines 35+ databases with relational database technology and its proprietary analytics to produce comprehensive wealth profiles on millions of high net worth individuals. The data is then layered with rating and scoring formulas to pinpoint top prospects.
WealthEngine is the leading provider of wealth identification and information-based fundraising solutions to hospitals, higher education, nonprofit organizations financial services firms and luxury goods & services providers. More than 2000 clients use WealthEngine's products for comprehensive prospect research on individuals, companies and foundations. Headquartered in Bethesda, MD, WealthEngine offers products in both the United States and the United Kingdom. For more information, visit www.wealthengine.com.