Tortuga Growth Partners Acquires Murphy Bova Client Advanced eClinical Training LLC

NEW YORK, Aug. 4, 2026 /PRNewswire/ -- Tortuga Growth Partners (TGP), a New York-based private investment firm focused on building market leaders through disciplined buy-and-build strategies, today announced a strategic investment, made through Tortuga Growth Partners Fund I, L.P., in Advanced eClinical Training (ACT), one of the nation's leading providers of online healthcare certification and workforce development. The investment extends TGP's build-out of its healthcare vertical and underscores the firm's conviction that scalable, technology-enabled solutions can address the clinical workforce shortage facing the U.S. healthcare system.

Pick Your Battles: What Really Matters in Commercial Contracts

Pick Your Battles. Especially in Contracts.

One of the most important things good commercial counsel can do is distinguish between the risks that actually matter and the ones that are simply part of doing business.

Of course, your company needs to be protected. A bad, overly broad indemnity, unlimited liability, loss of critical IP rights, an unworkable termination right, or significant data security obligations that don't apply to your business can create real exposure and, in the wrong circumstances, affect the value of the business.

Those provisions deserve attention.

But protecting your company also means understanding that it is a going concern. It has customers to sign, revenue to generate, products to launch and partnerships to build.

There is a cost to spending three weeks negotiating a provision that presents $10,000 of theoretical risk in a deal worth $500,000.

There is also a cost to burning negotiating capital on 25 issues when only five really matter.

The best commercial lawyers understand both sides of that equation.

Protect your company on the issues that can actually hurt it. Understand what is market. Know when you have leverage and when you don't. And recognize when the right business decision is to accept a reasonable amount of risk and get the deal done.

The goal isn't a perfect contract.

It's a protected and successful business.

-Matthew Murphy

AI Is Becoming a Standard Part of Commercial Contract Negotiations

AI is quietly becoming one of the most negotiated parts of commercial agreements.

A year or two ago, AI provisions were often fairly simple: Can a vendor use AI in providing the services? Can customer data be used to train a model?

Those questions haven't gone away, but the negotiations have become much more sophisticated.

We are now regularly dealing with questions like:

• Can confidential information be submitted to third-party AI tools?

• Can customer data be used to train or fine-tune a model—or improve a service more generally?

• Who owns AI-generated or AI-assisted work product?

• What rights does a customer receive in prompts, configurations and outputs?

• What level of human review is required before AI-assisted work is delivered?

• Who bears the risk if an AI-generated output infringes someone else's intellectual property?

• What happens when the AI functionality is provided by a third-party model provider rather than the company actually signing the contract?

What I find particularly interesting is that these issues are no longer confined to AI companies.

They are showing up in SaaS agreements, services agreements, agency agreements, data agreements, software licenses and ordinary enterprise customer contracts.

And I'm not convinced that simply prohibiting the use of AI is a particularly good solution.

For most businesses, AI is quickly becoming another tool used to provide services. The better approach is usually to understand how it is being used, identify the data and intellectual property actually at risk, allocate that risk appropriately, and put reasonable safeguards around the use.

The contracts are starting to catch up with the technology.

And I suspect we're still very early.

-Matthew Murphy

Murphy Bova Client Edly Acquires Avenify

NEW YORK, Jan. 20, 2022 /PRNewswire/ -- Edly, the nation's only student loan platform offering income-based repayment (IBR) loans in the private sector, today announced its acquisition of Avenify, a leader in student financing for nursing school. Through this purchase Edly will expand its social impact and provide more nursing students with access to the company's affordable, flexible and secure education financing solution. The company also announced that it is growing its executive leadership team, naming Rob Caskey as chief operating officer. These latest steps in Edly's rapid growth come at a critical moment for US student borrowing, as the federal student loan repayment moratorium is set to expire on May 1, 2022, and the nation faces a critical shortfall of more than 1.1 million nurses[i] on the front line of America's health care system.

Murphy Bova Client Monit Closes $5.2 Million Equity Financing

BOSTON — Apr. 15, 2021 — Monit, the award-winning mobile financial platform for small businesses, announced that it has closed a $5.2 million round of pre-Series A financing led by well-known fintech fund TTV Capital. Runway Venture Partners, Correlation Ventures, and private investors William Ruh and Joe Proto also participated in the round. Monit will use the investment to expand and meet the high demand for its bank-focused services, to banks ranging from small community banks to top ten multinational banks. Monit will also add significant fintech expertise to its board of directors with this round. Mark Johnson, TTV Capital General Partner, Anna Garcia, General Partner at Runway Venture Partners, and William Ruh, board member at nCino, will join the Monit board.

Murphy Bova client, Iris.TV, backed by Intel, raises an $18 million Series B!

Intel Capital, the investment arm of Intel Corp., has led a new $18 million Series B investment round in Iris.TV Inc., a data technology company that provides tools to help marketers and others understand the content of individual videos for the purposes of ad targeting and measurement…