Archive for December, 2009
Wednesday, December 16th, 2009
HERNDON, VA – Deltek, a company selling project management software, has acquired Restton, VA-based mySBX, developer of an online network for government contractors. Financial terms of the deal were not disclosed.
Deltek says the acquisition expands its reach in the government contracting sector.
The mySBX network has more than 7,000 customers including such marquee names as Lockheed Martin and Serco. Government contractors use it to post job openings, find partners and to collaborate.
Online: www.mysbs.com; www.deltek.com
Posted in Acquisitions, Government/Defense, Internet/New Media, IT, Virginia | Comments Off
Tuesday, December 15th, 2009
TYSONS CORNER, VA – The 2009 Southeast Venture Conference (SEVC) has extended the deadline for presenting company applications until next Monday, December 21st. The 4th annual event is scheduled for February 24-25, 2010 at the Ritz Carlton in Tysons Corner, Virginia.
The conference is seeking high growth, innovative companies from a vast variety of technology industries including Clean-Tech, Energy, Software, Communications, Medical Devices, Information Technology, Life Sciences, Nanotech, Mobile, Internet and Defense among others.”
The conference will feature a wide range of presenting companies, from late stage Pre-IPO firms to younger high growth technology companies.
The Southeast Venture Conference is expected to feature dozens of the region’s top high growth private companies. Presenting companies will be showcased before a regional and national audience of venture capitalists, private equity investors, angel investors, investment bankers, entrepreneurs and the technology industry executives. Presenting companies will be headquartered or have a significant presence in the Southeast and Mid-Atlantic region.
Over the three previous events, the Southeast Venture Conference has sold out each year, while showcasing dozens of the region’s fastest growing companies to an audience representing over $150 billion in private equity.
Additional details on presenting or registration information can be found at www.seventure.org
Posted in Alabama, Events, Florida, Georgia, Internet/New Media, IT, Kentucky, Marketing, Maryland, North Carolina, South Carolina, Tennessee, Virginia, Washington, DC | Comments Off
Tuesday, December 15th, 2009
WASHINGTON, DC – TechAmerica today asked the Obama Administration to include the technology industry in discussions on enforcing privacy and intellectual property laws scheduled to begin today with a high-level roundtable attended by entertainment executives and other stakeholders.
“For many in the tech industry, being left out of today’s meeting is likely to feel like receiving a political lump of coal for the holidays,” said TechAmerica President Phil Bond.
“Hopefully the Administration can avoid this oversight in the future and include all of the stakeholders. The technology and content industries depend upon each other in the digital economy, we will have to work together to protect privacy and to help the government enforce the law.
“Our industry’s firms suffer from disregard for intellectual property as much as companies in any other industry. Our Internet and hardware companies will be critical to any real solutions.”
Today’s meeting will convene a collection of entertainment industry executives, Attorney General Eric Holder, Homeland Security Secretary Janet Napolitano, Commerce Secretary Gary Locke, FBI Director Robert Mueller, and USSS Director Mark Sullivan, as well as union representatives, legal experts and other government officials.
Online: www.techAmerica.com
Posted in Government/Defense, Internet/New Media, Washington, DC | Comments Off
Tuesday, December 15th, 2009
RESEARCH TRIANGLE PARK, NC – The VideoSense technology from Research Triangle Park-based DigitalSmiths is powering Paramount Digital Entertainment’s launch of ParamountClips.com with scenes from more than 80 of its popular films, ranging from “Star Trek,” to perennial Christmas favorite, “It’s A Wonderful Life.”
ParamountClips.com is a fully automated, self-service B2B clip portal for businesses.
Paramount is using VideoSense to index, manage, distribute and further monetize its vast digital film library on multiple screens.
Paramount’s licensees can search for any element within the library, a list that includes (but is not limited to) specific actors, locations or lines of dialogue. VideoSense instantly combs through the collected metadata to locate the relevant clip. That clip can then be reformatted, exported to any platform that plays video, and monetized.
Geremie Camara, VP of Product Development for Paramount Digital Entertainment said, “With the Digitalsmiths technology, we are opening new revenue streams for our premium film and clip library.”
For the project, Digitalsmiths applied proprietary video interpretation technologies such as facial recognition, scene classification and closed-captioned time alignment to HD copies of films from the Paramount library.
Venture-backed DigitalSmiths closed a $12 million Series B round of equity financing from a combination of new and returning investors in 2008. Boston-based venture capital firm .406 Ventures joined returning investors The Aurora Funds and Chrysalis Ventures in the round. In January 2009, Cisco also invested an undisclosed amount in the company.
Online: www.digitalsmiths.com
Posted in Internet/New Media, North Carolina | Comments Off
Tuesday, December 15th, 2009
FAIRFAX, VA – Rivermine, a provider of automated telecom expense management solutions has closed on its acquisition of MBG Expense Management. MBG is a TEM provider with 60 percent of their customer base in the Fortune 500.
Financial details of the acquisition were not disclosed.
The combined company manages nearly $6 billion in annual telecom spend, which encompasses $850 million in international expenses.
Having already invested more than $35 million in its industry-leading technology platform, Rivermine says it plans to continue investments in all platforms and solutions of both companies.
Online: www.rivermine.com
Posted in Acquisitions, IT, Virginia | Comments Off
Tuesday, December 15th, 2009
ATLANTA – Definition 6, Inc., an integrated interactive marketing agency, has acquired the assets of Leach Communications Inc., a New York public relations and Web services firm. Financial details of the transaction were not disclosed.
Earlier this year, Definition 6 secured up to $15 million in private equity investment from Navigation Capital Partners to support its growth plan via organic and strategic acquisitions.
The transaction enables Definition 6 to integrate public relations into its delivery of integrated interactive marketing services.
“With Definition 6′s expansion into public relations, we are tearing down the marketing and communications silos that confront traditional agencies and often impede their ability to deliver truly integrated solutions,” said Michael Kogon, founder and CEO.
“As more brands switch from traditional to interactive marketing, they require service from professionals who understand business strategy, marketing, social media, reputation management and the nuances and preferences of how, when and where their key audiences want to be engaged with their brand,” said Alfred Leach, founder and president, Leach Communications Inc. “Definition 6 has a clear vision of how brands should be served.”
Online: www.definition6.com
Posted in Acquisitions, Georgia, Internet/New Media, Marketing | Comments Off
Tuesday, December 15th, 2009
CHARLOTTE, NC – Bank of America Corp. (NYSE:BAC) has promised to increase its lending to small businesses by $5 billion next year. CEO Kenneth Lewis pledged the bank would increase its small business lending by at least that amount at a White House meeting of bankers.
“Bank of America is determined to do our part to help the economy grow next year and reduce unemployment by making every good loan we can make,” Lewis said.
“We agree with the President that small and medium-sized businesses are the lifeblood of the U.S. economy. Their ability to prosper and grow is key to job creation to help our nation recover from the economic slowdown.”
In the first three-quarters of 2009, the bank gave more than $12 billion in credit to small businesses.
Posted in North Carolina | Comments Off
Tuesday, December 15th, 2009
CHANTILLY, VA - Online Resources Corp. (Nasdaq: ORCC), which sells online financial services, says that Matthew P. Lawlor, chairman and CEO, has retired as CEO effective immediately.
He will remain as chairman until February 15, 2010 to assist with the transition and thereafter will be a member of the board.
Raymond T. Crosier, current president and chief operating officer, will serve as interim chief executive officer until a successor is named.
Online: www.orcc.com
ST. PETERSBURG, FL – Ultroid Technologies, Inc., a firm selling non-invasive, low cost, micro current technologies has named Wycliffe (Cliff) McIntosh CEO. Most recently, he was president of the highly successful Johnson & Johnson Diabetes Institute. Ultroid sells a non-invasive permanent treatment for hemorrhoidal disease.
Online: www.Ultroid.com
Posted in Florida, Internet/New Media, People, Virginia | Comments Off
Tuesday, December 15th, 2009
NEW YORK – The number of unique visitors to social networks and blogs who are 65 or older is only a tenth of a percentage point less than the number of teens frequenting the sites, according to NielsenWire Online. The number of seniors in the social network universe increased by 53 percent and they now make up 8.2 percent of all visitors to social networks and blogs.
Google search is still the number one destination for seniors, however, the NielsenWire says. Windows Media Player and Facebook are second and third, but that’s a big leap up for Facebook, which ranked 45 just a year ago among the sites seniors visit most often.
Overall, seniors represent only 10 percent of active net users, but 55 percent more of them – 17.5 million up from 11.3 million – have gone online in the last five years.
Online: blog.nielsen.com/nielsenwire/
Posted in Internet/New Media, Studies, surveys, reports | Comments Off
Tuesday, December 15th, 2009
ATLANTA – The Georgia Tech team that chased the red balloons released in the U. .S. Defense Advanced Research Projects Agency (DARPA) Challenge came in second behind M.I.T., but its efforts yielded insights just the same, it says.
The DARPA Challenge attracted hundreds of teams to tackle the problem of how to locate the balloons, which were positioned Dec. 5 at locations ranging from San Francisco and Portland to Memphis and Miami.
A team from the Massachusetts Institute of Technology won the $40,000 prize for correctly locating all 10 balloons. A team led by researchers at the Georgia Tech Research Institute (GTRI) found nine of the 10 balloons during the nine-hour competition.
Goal: assessing social networks
DARPA’s interest in the competition was in assessing how social networks could be used to address massive information-gathering tasks. In addition to its research component, the challenge also marked the 40th anniversary of the ARPANET, the forerunner of today’s Internet.
GTRI researchers Erica Briscoe and Ethan Trewhitt established a Web site and began using Facebook and word-of-mouth communications to build a network that eventually included more than a thousand people pledged to help.
An early decision that they would donate the prize to the American Red Cross if they won turned out to be key in helping them attract volunteers and balloon spotters.
Early decision a key
“One thing that surprised us was that many balloon reporters specifically chose our team because we had decided to donate the winnings,” said Betty Whitaker, a GTRI principal research scientist who helped coordinate the team.
Another key was establishing the Web site “I Spy A Red Balloon,” which built a high ranking on Google thanks to references on established Web sites. That allowed the team to attract people who may have seen a red balloon on Dec. 5 and wondered what was going on.
Not everyone could be trusted
“Though we focused on getting the word out to the public prior to launch day, our strong presence on that day made it possible for people who were unaware of the competition to find our team after running across a balloon,” explained Trewhitt, a GTRI research engineer.
But as with popular social networking services, not everybody could be trusted.
“Because teams were commonly infiltrated by members of competing teams, one of the toughest parts of this competition was not being able to trust any particular members of the group,” Trewhitt added. “This led us to realize that trust in large groups is a tricky issue – and a topic for future research.”
They also used a variety of tools, some of which they built, to help track sightings. Their Web site, for instance, used Google Maps to summarize reports.
Seeds for future research planted
Though the GTRI team didn’t win the top prize, its leaders believe the effort established credibility and planted seeds for future research projects.
“We would like to study issues of trust in large social networks, as well as how to extract and validate useful and correct information from un-moderated online media such as Twitter,” said Erica Briscoe, a GTRI research scientist.
“Twitter is often the fastest medium for notification of real-time events because it is unfiltered and raw. It would be useful to research methods for determining the accuracy and authenticity of rumors in this type of environment.
The competition also showed how much could be done on a budget of just $200, which was what the “I Spy A Red Balloon” team spent in total.
DARPA plans to meet with all the teams to review their approaches and strategies used to build networks and collect information.
Online: www.gatech.edu
Posted in Georgia, Internet/New Media, Uncategorized, University Tech | Comments Off
Tuesday, December 15th, 2009
DURHAM, NC – IEM, a risk management consulting and IT firm, is moving its headquarters from Louisiana to Durham County. It will create 430 jobs and has been awarded a $150,000 One North Carolina Fund grant. It could also get up to $9 million in tax rebates.
The Baton-Rouge-based company grabbed national attention when it predicted the disastrous effects Hurricane Katrina would have. The company’s clients include all branches of the military, the Pentagon, the Department of Health and Human Services, and the Federal Emergency Management Agency.
IEM CEO and founder Madhu Beriwell said in a statement, “I am very excited to be moving our corporate headquarters to the Triangle area for three key reasons — its highly educated work force, history of innovation, and culture of public and private collaboration.”
The jobs in the Triangle will pay an average of $62,778 plus benefits.
“As a technology hub with a vast military presence, the relocation of IEM to North Carolina is a perfect fit that will benefit both the company and the state,” NC Gov. Bev Perdue said. “This partnership is another step in creating the top-paying, knowledge-based jobs that I am committed to bringing to North Carolina.”
Online: www.iem.com
Posted in Economic Development, Government/Defense, IT, North Carolina, TechJobs, Uncategorized | Comments Off
Monday, December 14th, 2009
RALEIGH, NC – Micell Technologies, a company developing coated stents that can deliver cardiovascular drugs, has added $300,000 from its minority shareholders to the $15 million from St. Jude Medical Inc. in September. Micell CFO Jim Klein, who joined the firm in October, tells TechJournal South, “It was an effort to give those investors diluted by the St. Jude investment a chance to participate.”
The 19 person company is currently working on its 2010 budget, so Kline said he can’t say if it will be hiring in the new year.
Micell raised $5 million in new equity last month and according to a filing with the U.S. Securities and Exchange Commission. The company raised a $7 million A round in 2007.
Investors in the company include Invemed Catalyst Fund, GE Pension Plan and Archibald Cox.
The coated stent tech is the third the company has developed since its inception a decade ago. It originally commercialized a CO2 process develped by Joseph Simone of North Carolina Unversity that led to the development of the Hangers chain in 1999. It raised more than $50 million in venture backing to develop the previous technologies. – By Allan Maurer
Online: www.micell.com
Posted in Money, North Carolina | Comments Off
Monday, December 14th, 2009
ALEXANDRIA, VA – Digital ad serving and management firm AdJuggler has named John Shomaker CEO. Shoemaker previously was executive VP at MarketBridge, where he led the global strategy practice. He also co-managed Dome Capital, a venture capital firm.
AdJuggler says the appointment is part of the company’s expanding its business model to “better serve advertisers and agencies shifting spend to digital.”
Online: www.adjuggler.com
Posted in Internet/New Media, Marketing, People, Potomac, Uncategorized, Virginia | Comments Off
Monday, December 14th, 2009
CHARLOTTE, NC – Tree.com, Inc. (NASDAQ: TREE) today launched LendingTreeAutos.com, a dedicated online portal to help consumers make smart decisions about buying their next car.
The new site covers the full scope of car buying information, tools, and services, providing one-stop access to new and used car searches, vehicle history reports, monthly payment calculators, quotes from local dealers, tips and advice, auto insurance and financing, and more.
Posted in Uncategorized | Comments Off
Monday, December 14th, 2009
RESTON, VA – For the holiday season-to-date, $19.9 billion has been spent online, marking a 3-percent increase versus the corresponding days last year, according to digital measurement firm comScore.
The most recent week saw above average online spending growth of 4 percent versus year ago, as two individual days surpassed $800 million in spending, led by Thursday, Dec. 10, with $852 million.
“Although this most recent week of holiday shopping did not produce the first $900 million spending day, we saw above average growth rates including a strong end to the week,” said comScore chairman Gian Fulgoni.
“Monday, December 14 – otherwise known as Green Monday – is likely to produce our heaviest online spending total for the season and represents our best opportunity to finally surpass that elusive $900 million spending threshold. The early part of this upcoming week should bring us the heaviest online spending days of the season before consumers refocus their attention on brick-and-mortar retail locations to finish up their holiday shopping.”
Online: www.comscore.com
Posted in Internet/New Media, Studies, surveys, reports, Virginia | Comments Off
Monday, December 14th, 2009
WASHINGTON, DC – By 10 to 1, Washington business executives expect business and economic conditions to improve over the next six months, says a new survey conducted for the Greater Washington Board of Trade.
In the survey, 59 percent of regional business executives expect the Greater Washington’s business and economic conditions will improve over the next six months while six percent expect it to get worse and 35 percent expect it to stay the same.
“By a nearly 10-to-one margin, the region’s business executives think business and economic conditions will improve over the next year rather than get worse,” said Jim Dinegar, president and CEO of the Greater Washington Board of Trade.
Also, 32 percent say jobs in their businesses will likely increase rather than decrease in the next six months. Nearly half, 47 percent, said business in the region is “mostly good” now.
For complete results, see: http://www.bot.org/media-center/publications/greater-washington-business-outlo ok-survey.aspx
Posted in Potomac | Comments Off
Monday, December 14th, 2009
FREDERICKSBURG, VA – A-T Solu tions Inc., a company selling intelligence and anti-terrorism services, has named Ken Falke, currently CEO, as chairman, and is promoting COO Dennis Kelly to president and CEO.
The change follows an eight-year period of sustained growth for A-T Solutions through rapid organic expansion and two strategic acquisitions.
Acquired by CoVant in February 2008, the company provides support in intelligence, global security, training and technology solutions, as well as in logistics and mission support. Clients include the Departments of Defense, State and Justice; the Department of Homeland Security; the intelligence community; and the private sector.
It employs about 400 people and has offices in Florida as well as Virginia in the Southeast.
Online: www.a-tsolutions.com
Posted in Uncategorized | Comments Off
Monday, December 14th, 2009
GAITHERSBURG, MD – OpGen Inc., a molecular diagnostics company selling software to visualize genomic data, has raised $2 million of a $4.05 million debt and options offering it expects to close in a year, according to a regulatory filing.
The company disclosed the funding in a filing with the U.S. Securities and Exchange Commission. The current round includes 12 investors so far.
The company raised a $23.6 million round in 2007 led by CHL Medical Partners, Highland Capital Partners and Versant Ventures with Mason Wells, a previous investor, participating. In-Q-Tel, the venture firm connected to the U.S. Intelligence community, also invested, as has CEO Evan Jones’ jVen Capital.
OpGen delivers breakthrough capabilities to identify microorganisms using a unique method to analyze DNA extracted directly from the microbial cells. “Optical Mapping” has been used by organizations worldwide for comparative genomic analysis of a range of organisms of importance to human health, including tracing the origins of food-poisoning cases.
The technology was used by the FDA to successfully investigate the E. coli outbreak in 2006.
The company’s technology may replace the lengthy process of isolating and growing microorganisms from clinical samples.
Food and pharmaceutical companies, sequence centers and academic laboratories worldwide are some of OpGen’s customers.
When In-Q-Tel invested, Troy M. Pearsall, its executive vice president, said, “The technology, and provides the ability to generate a fully assembled microbial optical map within hours of DNA extraction. This sort of rapid microbial analysis is an invaluable capability with specific applicability to the challenges facing the U.S. intelligence community.”
By Allan Maurer
Online: www.opgen.com
Posted in IT, Maryland, Money, Potomac, Uncategorized | Comments Off
Friday, December 11th, 2009
By Allan Maurer
WINSTON SALEM, NC—Generally, the quality of care offered by U.S. doctors is very high judging by the results of patient ratings on DrScore.com, says founder Steve Feldman, M.D., a practicing dermatologist and professor at Wake Forest University’s medical school.
“I’m a 9.1 on a scale of 10 and that puts me solidly in the bottom half of physicians,” he says.
DrScore’s mission is to improve medical care by giving patients a forum for rating their physicians, and by giving doctors an affordable, objective, non-intrusive means of documenting the quality of care that they provide.
Feldman tells TechJournal South that he founded the site in 2005 to help people find and rate doctors and specialists. Just this week the site and a South Carolina Web developer released an iPhone app called “I need a Doctor,” to help people find physicians or specialists while traveling.
Weighing in on the current debate about the high cost of health care, Feldman says the problem is that the system relies on third-party payers (private or public insurance) rather than having individuals pay for their own care, which would create the competition that drives prices down.
“Eventually we’ll have to move back to a system where people pay directly for medical care,” he says. “When that day comes, we’ll see the same type of savings in medicine that we see now in the high tech world.”
For example, he notes that he recently put a relatively low cost 8 gigabyte chip in his digital camera, but years ago paid an extra $1,000 for 16 megabytes of RAM in a computer.
Making patients pay out of pocket for medical care would put incentives for savings back into the system, he maintains. He blogs about the idea on DrScore regularly.
He says some people question the idea of having patients rate their doctors, but says they know when they have a good experience.
“I go to Disney wolrd with my kids and I don’t know the first thing about how to make a roller coaster or about running a hotel. But I know if I had a good experience,” he says.
With the quality of medical care so high, what differentiates that experience for most patients?
The quality of service, says Feldman. But it means more to health care than just a patient’s comfort level.
Feldman conducted research on how patients use prescribed medicines and found that doctor satisfaction does affect how patients use their medicines.
“Therefore, it affects the outcomes of their treatment,” he says. “So even if all you care about is getting people well, patient satisfaction matters.”
Drscore, which has about 1,000 U.S. doctors signed up to use the site to rate their practices, helps the physicians obtain ongoing patient feedback, Feldman says.
The quick, interactive online rating service lets doctors survey every patient every time rather than doing more cumbersome surveys a few times a year, he says.
In a blog post he explains that “Our survey has to be convenient for patients, yet sufficiently detailed to give doctors the information they need to improve their practices.
“We achieved this using the interactive survey developed by patient satisfaction research scientist Dr. Roger Anderson. The survey also has to be scientifically valid. The proven validity of the DrScore survey allows us to use DrScore data for research publications to help all doctors improve their patients’ satisfaction.”
Online: www.drscore.com
Posted in Company Profile, Internet/New Media, North Carolina | 1 Comment »
Friday, December 11th, 2009
NEW YORK – While total U.S. ad spending fell 15.3 percent in the third quarter, the sixth straight quarter of declines, Internet display advertising showed a 7 percent increase during the first nine months of the year.
So says the latest report from TNS Media Intelligence, a market research firm.
TV, newspaper, magazine and outdoor display advertising all fell by double digits during the quarter.
Jon Swallen, a senior VP of research at TNS said that any ad rebound will be determined by how consumer spending recovers.
Posted in Internet/New Media, Marketing, Studies, surveys, reports | Comments Off
|