RI’s Vertical Performance Partners expanding to Boston
Providence, R.I.-based Vertical Performance Partners plans to open a Boston office this quarter, as it grows its business for turning corporate training and marketing content into apps for the iPad. Last month, the startup closed on $1.5 million in venture capital from SoftBank Capital of Newton, said company CEO Carl Wooten. The company plans to add another $2.5 million to the round within six months, which is expected to include SoftBank and one other backer, Wooten said. Founded in 2010, Vertical Performance Partners has about 25 different clients in the pharmaceutical industry for its technology, including many of the largest global firms (Merck, Bristol-Myers Squibb, AstraZeneca) and major local players (Biogen Idec, Vertex).