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Orbis Education lands $8 million in venture capital

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A Silicon Valley venture capital firm has invested $8 million in Orbis Education, a locally based maker of nursing-education software.

Menlo Park, Calif.-based Lightspeed Venture Partners engineered the capital infusion in late December to help Orbis expand its nursing-education programs. Orbis announced the deal today.

“We took the approach of build slowly, show what we’re doing works,” said Orbis CEO Dan Briggs. “We’ve proven the concept. Now we’re looking at growth.”

Founded in 2003, Orbis offers a system that helps universities and hospitals train new nurses. Last year, it had $4.5 million in revenue, Briggs said, and 33 employees. Orbis aims to boost its work force past 50 by the end of the year.

Before founding Orbis, Briggs, 49, had a 19-year career with Roche Diagnostics Corp., rising from the sales ranks to lead the development and sale of the corporation's virtual physician startup MyDoc.com. A subsidiary of locally based Standard Management Corp. bought MyDoc.com in 2003.

At its inception, Orbis raised $1 million from Briggs’ friends and family. In 2007, it attracted another $3 million from local angel investors. Orbis seeks to capitalize on the coming nationwide shortage of nurses, a trend driven by the aging U.S. population, health care reform, and the limited physical capacity of nursing schools.

Briggs noted that last year, U.S. nursing schools turned away more than 100,000 applicants for lack of classroom space. Based on Bureau of Labor Statistics data, Orbis expects a shortfall of 600,000 nurses in the U.S. by 2016.

Briggs said his company’s system is helping to address the demand for new nurses by virtually linking nursing schools and hospitals. Through Orbis, the schools can offer classroom content online but still provide the hands-on clinical training nurses require to earn bachelor's degrees.

More than 500 students are now using the Orbis system through partnerships in San Diego, Glendale, Calif., and Indianapolis. Here, Orbis has partnered with Marian University and St. Vincent Health. Briggs said Orbis is charting a “high 90s” success rate on nursing board exams among students who have used its system. He said that compares with a national average in the “high 80s.”

Other Orbis customers include San Diego State University, the University of Oklahoma, San Diego-based Sharp HealthCare, and Glendale, Calif.-based Glendale Adventist Medical Center.

Briggs said Orbis tracks the classroom portion of nursing education online through a variety of means, including interactive simulations, student-and-faculty chat rooms and virtual games. The hands-on portion happens in clinical settings.

The Orbis system appeals particularly to students who have earned degrees in other fields, Briggs said, but discover later in life they’d like to become nurses. Ironically, he said, many of its users never notice Orbis’ role in their education.

“The schools [that educate nurses] do it very well. Marian is an excellent education center. We increase their capacity,” Briggs said. “You still go to nursing school at Marian. You graduate with a Marian degree. Orbis’ job, we’re kind of like Intel. It makes your computer operate correctly. But you say you have a Compaq. At the end of the day, the student never knows who Orbis is.”

Orbis will use the bulk of its $8 million to hire more programmers, Web developers and IT specialists who can deploy its system at more nursing schools and hospitals.

Lightspeed Venture Partners principal Andrew Chung is taking a seat on Orbis’ board.

“Orbis has an innovative and cost-effective model for helping nursing schools expand student capacity and generate a high-quality pool of nursing graduates,” Chung said. “We are excited about the company’s long-term ability to revolutionize the nursing education field.”
 

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  • include links in articles
    Just in general, I would like to see IBJ include links to the websites of the topic companies. When reading online, it makes it so much easier to just jump over and look at the company being discussed.
  • Story
    Ashton:

    The company's development sounds a lot like Phigenics. Different industry, but a parallel path.

    Best-

    Cam

    Cam

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  1. liek the rest of America

  2. These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.

  3. It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.

  4. No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.

  5. whoa!

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