Safeguard Scientifics, Inc
Safeguard Scientifics, Inc used to be the Lancaster Corporation founded in 1953 by Philadelphian stockbrokers Warren V. Musser and Frank A. Diamond. It was established as a holding company investing in small firms. In 1966, the company evolved and changed its name to Safeguard Scientifics, began trading in New York Stock Exchange in 1971 under the symbol of SFE. One of its humble beginning was the production of checks through a machine which thrived from the repeat orders of small firms.
Through the evolvement of Safeguard Scientific, Inc, it has contributed in various ways in the emerging growth of other companies either taken public or sold to deliberate buyers. Leaving its legacy to even new aspiring businesses, it has become a pillar of development and success among Novell, QVC, Cambridge Technology Partners, Internet Capital Group, CompuCom System and Traffic.com.
To date, the company has been investing in technology sectors and life science sectors. In technology sectors, it has been serving in software as a service, technology enabled services, and internet-based businesses. It has done great service in the life sciences sector. It invested in drug formulation and delivery technologies; molecular diagnostics and medical devices; pharma services; specialty pharmaceuticals; products; and technology-enabled services.
Safeguard has been sought after by other companies because of its abilities to provide both growth capital, strategic and operational guidance which transforms into major competitive advantages. The company has a team of C-level Executives who had been entrepreneurs and be au fait with the challenges that many companies are drawn against with. Not only that but the company has advisory boards that not only provide its expertise but also channel its clientele to other business networks and business relationships.