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Healthcare Communications

MDLIVE Inc., a provider of a comprehensive telehealth platform, providing millions with 24/7/365 access to physicians, psychiatrists and counselors.

Voalte develops smartphone solutions that simplify caregiver communication inside and outside the hospital.

HCM (Human Capital Management) Software (Past Investments)

Authoria, a producer of talent management software.

PeopleClick, a producer of talent acquisition software, vendor management software for contingent employees, and workforce compliance and diversity software.

Aquire, a producer of workforce planning and analysis software.

Socialtext, a producer of enterprise social software.

Strategia, a producer of learning management software.

KZO Innovations, a producer of enterprise video content management software.

Note: the above companies were combined into PeopleFluent, which Bedford Funding sold in May 2018

For more information on the companies, please see the Investments page



The team has successfully worked together in prior situations and leveraged this experience in forming Bedford Funding

Fact Based Strategy Solutions

Our investment team comprises professionals with deep expertise in the technology industry. But more than that, we are relentless, spirited seekers of actionable information that provides the basis for seizing the best possible investment opportunities. Our investments come only after in depth research and thorough analysis of markets and competitiors.

We are well positioned to make fast, fact-based, well reasoned investment decisions. With extensive operational experience in all aspects of management—our team includes a former CEO, CTO, CFO, business operator, financial analyst, M&A and securities attorney and an investment banker.

We also pride ourselves on working collaboratively with qualified, passionate management teams to provide innovative guidance and operational support.

Larry Kaplan, Managing Director and Chief Financial Officer

Larry Kaplan joined Bedford Funding in 2008, and serves as Chief Financial Officer, responsible for preparing fund statements, and also prepares evaluations of potential investments. Mr. Kaplan previously served as Interim Chief Financial Officer of PeopleFluent. Mr. Kaplan was also a board member of PeopleFluent. Before joining Bedford Funding, Mr. Kaplan served as Senior Vice President at Geac, where he had a wide range of responsibilities, including managing its industry specific applications, assisting in merger and acquisition activity and overseeing administrative functions. Mr. Kaplan joined Geac from Healthology, Inc., a leading producer and distributor of physician-generated health and medical information, where he held the position of Chief Financial Officer. Prior to that, Mr. Kaplan spent nearly 10 years at Shandwick International, a $200+ million global public relations consultancy, where he was the Chief Financial Officer and later Chief Executive Officer for its operations in the Americas. Mr. Kaplan received an M.B.A. from Carnegie-Mellon University and a B.S. in mathematics from the State University of New York at Stony Brook.

Jonathan D. Salon, Managing Director and General Counsel

Since April, 2007, Mr. Salon has served as a Managing Director of Bedford Funding, a $1.4 billion private equity fund focused on buy-out and growth equity investments in the technology sector. Mr. Salon's responsibilities have included the sourcing and execution of the firm's investment strategy, portfolio management activities and managing intermediary relationships. He also served as a member of the Board of Directors of PeopleFluent and KZO Innovations.

Prior to joining Bedford Funding in 2006, Mr. Salon served as Vice President and General Counsel of Unica Corporation (NASDAQ: UNCA) from 2006 to 2007 where he was responsible for the company's worldwide legal affairs. Mr. Salon previously served as Vice President of Corporate Development and Deputy General Counsel for Geac (NASDAQ: GEAC; TSX: GAC) from 2003 until its sale in 2006. Mr. Salon's responsibilities at Geac included advising its Board of Directors and senior management team on complex strategic, commercial and operational issues and corporate governance matters and managing acquisition and divestiture initiatives and partnerships worldwide. Prior to joining Geac, Mr. Salon was a partner in Choate, Hall & Stewart LLP's Business and Technology and Private Equity practice groups from 2001- 2003. Mr. Salon was Director of Business Affairs and Associate General Counsel for Lycos, Inc. from 1999 to 2001.

Mr. Salon received a J.D. from Boston University School of Law and a B.A., cum laude, from Colgate University and is a member of the Fellows Program at the Wharton School, University of Pennsylvania.

George M. Regnery, Principal

George M. Regnery joined Bedford Funding in 2006, and is a Principal at the company; he is responsible for preparing financial models, analyzing investments, and working with portfolio companies on analyzing their financial and sales metrics. Before joining Bedford Funding, Mr. Regnery was previously Director of Research, Acquisition Analysis, and Financial Assessment at Geac, reporting directly to the CEO. He advised the Board and senior management on potential acquisitions, corporate strategy, and on the company's performance relative to its peers. Mr. Regnery prepared detailed financial analyses, and developed software to perform a thorough analysis of all of Geac's divisions and compare these divisions to relevant competitors. Prior to joining Geac, Mr. Regnery was Director of Internet Strategy at Wright Investors' Service, where he developed, authored and maintained websites to analyze financial data. Mr. Regnery was also previously a Managing Director at First Funding Corporation, where he worked with Mr. Jones on various mergers and acquisitions. Mr. Regnery also worked at Reuters, where he wrote computer programs to analyze the data integrity of fixed income databases at Reuters. Mr. Regnery has an M.B.A. from the University of Rochester and a B.S. in Operations Research at Worcester Polytechnic Institute in Worcester, MA. Mr. Regnery also studied at the Wissenschaftliche Hochschule für Unternehmensführung (Koblenz School of Corporate Management) in Koblenz, Germany.

Trisha McCullagh, Senior Controller

Ms. McCullagh is Senior Controller of Bedford Funding. Prior to joining Bedford Funding, Ms. McCullagh was Senior Controller at Thayer Street Partners. Ms. McCullagh also was previously a Vice President at Goldman Sachs and Fund Controller at Roundtable Investment Partners & Carleon Capital Partners. Ms. McCullagh received a B.S. in accounting from Fairfield University.

Charles S. Jones, Managing Partner and Founder

Mr. Jones has spent much of his career as an operating executive for a wide range of large, public international companies and small, growth-driven private companies based in the United Kingdom, Canada and the United States. Mr. Jones has a reputation for innovation and customer-centric growth strategies. He was Global Chief Operating Officer of London-based Shandwick plc, which during his tenure became the largest public relations firm in the world. Before becoming Managing Partner of Bedford Funding, Mr. Jones was Chairman and then CEO of Markham, Ontario-based Geac Computer Corporation, a Toronto Stock Exchange-listed software company with annual revenues approaching U.S. $500 million. During Mr. Jones's tenure, he transformed the Geac business with two large public-company acquisitions, and built an innovative and market-leading business intelligence software enterprise, focused on the financial value chain. On October 1, 2001, the Wall Street Journal named Geac the number one performing global stock. In 2004, Mr. Jones was named on the top 10 list of CEOs in Canada and, in 2005, on the top 25 list of CEOs in Canada by Canada's National Post newspaper.

Operating Partners

Michelle Teichman, Principal

Michelle Teichman oversees Bedford Funding's healthcare investments, and sits on the board of directors of both MDLIVE and Voalte. Ms. Teichman previously was SVP at PeopleFluent, where she oversaw PeopleFluent's suite of SaaS-based Talent Acquisition applications, which provides recruiting workflow, onboarding, interview scheduling and contact management modules. She was responsible for the product division P&L; product direction, delivery and quality; and commercial affairs for the Recruiting Management System (RMS) line of business. As the RMS product advocate, Michelle oversaw the professional service & solutions consultants, marketing, and sales teams to communicate the benefits of PeopleFluent's recruiting solutions. She also worked closely with PeopleFluent's global customer community to ensure future product strategy is aligned to meet customer needs. Prior to her role as Senior Vice President, Michelle served in a number of leadership roles at PeopleFluent, including Director of Software Engineering, Manager of Software Engineering, and Manager of the Database Team. She also held technical roles at Plurimus, Keane, Ciber and Computer Associates. She is a results-driven software engineering management professional skilled at delivering market-leading, high-performance, multi-million-dollar web applications built in native SaaS architecture for Fortune 500 companies. Michelle earned her Bachelor of Business Administration in Management Information Systems from Kent State University in Ohio.

Doug Ring, Principal

Doug Ring was previously Chief Technology Officer of PeopleFluent and Geac. At PeopleFluent, Mr. Ring was responsible for overseeing the technology direction of the company, and managed partnerships and oversaw roadmap development. At Geac, Mr. Ring negotiated and managed key technical relationships including Microsoft and IBM among others and was actively involved in the communication of technology strategy to press, industry analysts, senior management, partners and customers. He also had responsibility for product management and engineering across a number of product lines. Prior to that, he was Director of Emerging Technologies at Dun & Bradstreet Software (DBS), which Geac acquired in 1996. Before joining DBS, Mr. Ring spent five years in consulting services with a number of leading companies including Holiday Inn Worldwide, the Los Angeles Times, and Mattel Toys. He started his career at Canada Mortgage and Housing. Educated in Canada, Mr. Ring has diplomas in Civil Resources Engineering and Commercial Diving from Seneca College in Toronto and in Information Technology from Algonquin College in Ottawa.