Archive for March, 2010
Monday, March 22nd, 2010
RALEIGH, NC – Microcell Corp. has created a new company called “First Hydrogen Inc., to develop and commercialize a renewable hydrogen generation technology.
The technology will be based on a new class of “nano-cells” capable of producing hydrogen fuel. The company says the technology will be able to produce hydrogen fuel for low temperature proton exchange membrane (PEM) fuel cells from a ride range of commonly available, renewable energy sources not requiring fossil fuels such as oil or natural gas.
“With this technology,” the company says, “it is anticipated that hydrogen can be safely and cost effectively generated on demand at the site of use.”
Microcell President and CEO Ray Eshraghi said that “While the technology has significant potential as a breakthrough in alternative fuels, much work remains to qualify various aspects of the technology for a commercial setting.”
Microcell recently presented at the Southeast Venture Conference in Tysons Corner, VA. We heard the presentation and on-site hydrogen production can be a big deal, both in terms of clean energy and in terms of making significant money if the company perfects the process.
Founded in 2000, the company is currently focused on the micro-CHP (combined heat and power) and back-up power markets. It says its CHP ujhnits operating on hydrogen can exceed an efficiency of 50 to 7o percent, compared with a gasoline or diesel fired generator producint electricity at an efficiency of 20 percent.
Over the past ten years, the company has been funded by7 sales revenue, strategic investments from energy company partners, and federal grants. It is looking for $25 million to expand its manufacturing and production capabilities. The company is the world leader in proton exchange membrane micro-fuel cells.
We’re expecting a call from Microcell to get further details about the new company. Check back later for updates.
By Allan Maurer
To reach TechJournal South editor Allan Maurer: Allan at TechJournalSouth dot com.
Tags: company launch, Energy, First Hyrdogen, Microcell, Southeast Venture Conference Posted in Carolinas, Energy, North Carolina | Comments Off
Monday, March 22nd, 2010
 Jennifer Dorris
ATLANTA – Prommis Solutions, a national provider of financial services industry processing solutions, has promoted Jennifer Dorris from chief financial officer to president.
Dorris will be responsible for all Prommis operating business units nationwide, as well as its Information Technology and Client Financial Services capabilities.
Prior to joining Prommis Solutions, Dorris was CFO of SmartMail, a former Great Hill portfolio company in the logistics industry with more than $200 million in revenue that was sold to Deutsche Post in 2004. Prior to working at SmartMail, Dorris spent four years at WebMD Inc.
Prommis sells a variety processing solutions for law firms, mortgage loan investors and servicers to support the resolution lifecycle of loans in default, including foreclosure and bankruptcy processing, loss mitigation, tax, title, posting and publishing services, and settlement services for real estate owned (REO) properties.
www.prommis.com
Tags: Atlanta, financial services IT, People, Prommiss Solutions Posted in Georgia, IT, People | Comments Off
Monday, March 22nd, 2010
MERGER & ACQUISITION ROUNDUP – Columbia, MD-based Merkle, the largest customer relationship marketing agency in the U.S., has acquired loyalty marketing firm Metzner Schneider Associates.
With the acquisition, Merkle adds significant depth and experience in loyalty marketing to its rapidly expanding strategic consulting organization. Terms of the acquisition were not disclosed.
Metzner Schneider Associates principals and founders Richard Metzner and Howard Schneider, who started the firm in 2002, will lead Merkle’s newly formed loyalty practice group that will focus on the development and execution of strategic customer loyalty programs for industry-leading clients. In addition, Merkle is bringing several members of the Metzner Schneider Associates senior management team onboard, including Margy Bloom, Kate Hogenson, Sarah Marsh, Dorothy Rosen and Laura Siegfried.
With more than 1,000 employees, Merkle is headquartered near Baltimore in Columbia, Maryland with additional offices in Boston, Chicago, Denver, Little Rock, Minneapolis, New York, Philadelphia, Seattle and Hagerstown, Md.
SC-based Micro Price sells
Micro Price, a Columbia, SC-based technology company selling solutions for computer networking, telephone systems, web design and managed services for small businesses, has sold to Frank Piet.
Piet bought the firm from owner Richard Stansfield. Financial details were not disclosed.
Charlotte-based VR Business Sales & Acquisitions handled the transaction.
Tags: Acquisitions, IT, Marketing, Maryland, Merkle, Micro Price, South Carolina Posted in Acquisitions, Carolinas, Internet/New Media, IT, Marketing, Maryland, North Carolina, Potomac, South Carolina | Comments Off
Monday, March 22nd, 2010
ATLANTA – Logility Inc., a leading supplier of collaborative solutions to optimize the supply chain, today announced its acquisition of certain assets of privately-held Optiant Inc., a Boston-based provider of multi-echelon supply chain optimization systems, for approximately $3.3 million in cash, subject to certain post-closing adjustments.
Logility will incorporate the Optiant products into the Logility Voyager Solutions(TM) suite branded as Voyager Inventory Optimization.
The company says the addition of Optiant further strengthens Logility Voyager Solutions as a comprehensive supply chain solution marketed to midsize, large, and Fortune 1000 companies in the consumer goods, life sciences, process manufacturing, discrete manufacturing, wholesale distribution, and high-tech industries.
We think it’s interesting that many of the top logistics tech firms locate in logistics hubs such as Boston or Atlanta. We also expect to see further consolidation of the industry.
Atlanta-based Logility is a wholly owned subsidiary of American Software (NASDAQ:AMSWA) .
www.logility.com
Tags: Acquisitions, Atlanta, IT Posted in Acquisitions, Georgia, IT | Comments Off
Monday, March 22nd, 2010
ATLANTA – Pantech Wireless Inc., – the U.S.-based subsidiary of Pantech Group, one of Korea’s largest mobile phone manufacturers has appointed Charles Park to CEO and Dave Ronis CMO.
These leadership additions are made at a time when the company is increasing its focus on quick messaging devices, handsets that are uniquely designed for users that prioritize easy access to messaging and social media. At CES this year, AT&T reaffirmed a commitment to the category and acknowledged Pantech as a key manufacturer. Since 2008, Pantech has delivered popular quick messaging devices to AT&T, including the Impact, Matrix and Reveal.
Charles Park joined Pantech in 2004 and previously served as the vice chief officer of Overseas Sales and Marketing where he managed all international product sales and marketing for the company. Prior to this role, Charles was the head of Pantech’s R&D and chief of its UMTS lab at the company’s Korean headquarters where he oversaw the development of key handsets such as the dual-sliding, double-keyboard Pantech duo.
Joining the team as CMO is Dave Ronis, who will oversee all sales and marketing initiatives in North America as well as product planning.
Pantech Wireless is based in Atlanta.
www.pantechusa.com
Tags: Atlanta, mobile, Pantech, People, telecom Posted in Georgia, People, Telecommunications | Comments Off
Monday, March 22nd, 2010
 Frank Caprio
The Federal Circuit Ups the Ante for Improperly Marked Patented Goods
By Frank M. Caprio and Jeremy Smith
Bradley Arant Boult Cummings
One of the elements of a patent infringement claim is that the infringer had notice of the infringement and ignored such notice. Marking patented goods with appropriate patent numbers satisfies the notice requirement. However, marking goods as patented comes with a price.
35 U.S.C. 292 provides that all who falsely mark a good as patented or patent pending, when it is unpatented or not patent pending “shall be fined not more than $500 for every such offense” and provides that “any person may sue for the penalty.”
The elements of a Section 292 claim are falsely marking an unpatented good with intent to deceive. Intent to deceive arises when one acts with knowledge that what it is saying is false and that the recipient of its saying will be misled into thinking that the statement is true.
Appeals court clarified law
The Federal Circuit Court of Appeals recently clarified the law regarding the correct measure of penalties for false marking in The Forest Group, Inc. v. Bon Tool Company.
Forest Group sued Bon Tool for infringement of a patent relating to stilts. Forest Group’s claims were dismissed for lack of infringement and, in a cruel turn, after claim construction, Forest Group’s stilts were held not to be covered even by its own patent.
The court awarded Bon Tool only $500 in damages on its counterclaim under Section 292 for false marking, even though several stilts were mis-labeled. The court held that Bon Tool could point to only a single factory-order of marked stilts after Forest Group had “knowledge” that its stilts were not covered by the patent. This constituted a single offense for purposes of calculating damages under Section 292. Bon Tool appealed.
 Jeremy Smith
The Federal Circuit agreed with Bon Tool that the penalties assessed by the court were incorrect, holding that Section 292 did not support the penalty of merely $500 for falsely marking multiple stilts. Instead, the statute requires a penalty on a per stilt basis. The statute prohibits false marking of “any unpatented article,” and it imposes a penalty for “every such offense.”
Forest Group decision a departure
But, the Federal Circuit noted that a court is not required to impose a penalty of $500 for each stilt falsely marked, and can instead use its discretion to strike a balance “between encouraging enforcement” of patent rights and “imposing disproportionately large penalties for small, inexpensive items produced in large quantities.”
The Federal Circuit held that Forest Group’s actions met the “intent to deceive” requirement because, after receiving the claim construction it knew that its stilts were not covered by its patent, but even so it ordered a new shipment of stilts bearing the patent markings.
The Forest Group decision is a departure from previous law, which generally provided lower penalties and a more patent-holder-friendly interpretation of Section 292. Patent holders would be well-served to review their patents and pending applications to determine whether or not products carrying patent markings are actually covered by the patents and pending applications. Failure to do so could result in a monetary judgment.
Frank M. Caprio chairs the Firm’s Intellectual Property Practice Group. He focuses on intellectual property law and assists clients in the protection and use of their intellectual property rights, and in the litigation of various technology-related disputes involving patent, trademark, copyright, trade secret, and computer issues. He has been selected by his peers for inclusion in the Best Lawyers in America in both Intellectual Property Law and Information Technology Law.
Jeremy Smith is a registered patent attorney and focuses his practice on protecting and managing patent, trademark, copyright and trade secret rights. Jeremy’s pre-law experience in biotechnology and molecular biology, in both the academic and commercial fields, brings real-world insight to the assistance he provides to clients.
Online: www.babc.com
Tags: law, patents Posted in Legal, Viewpoint | Comments Off
Friday, March 19th, 2010
NASHVILLE, TN – Nashville-based FrontStream Payments Inc., a national provider of payment solutions, has acquired Fast Transact Inc., a provider of e-commerce payment solutions. The acquisition was funded through an investment from Arsenal Capital. Financial details were not disclosed.
“Fast Transact’s secure, integrated payment solutions and its experienced management team provide FrontStream with the expertise to partner with merchants and resellers in growing industry segments,” said Emmet Seibels, CEO and Co-founder of FrontStream Payments.
Fast Transact President / CEO, David Solomon, said, “The Fast Transact customized integration technology complement will enhance FrontStream’s electronic transaction processing offerings. Together, we believe this positions the newly combined company to better address customer demands for secure, PCI-compliant processing of Internet and POS payment transactions, data-rich reporting, and value-added services.”
Arsenal executives, Jeffrey Kovach, Carty Chock, and Eugene Gorbach will serve on the Frontstream board.
Frontstream previously raised venture backing from investors who include Atlanta’s Noro-Moseley Partners.
www.frontstreampayments.com
Tags: acqusitions, Arsenal Capital, Atlanta, financings, Internet payments, Nashville, Noro-Moseley, TN Posted in Acquisitions, Georgia, Internet/New Media, Money, Tennessee | Comments Off
Friday, March 19th, 2010
By Allan Maurer
OAK RIDGE, TN – Meritus Ventures is the only venture capital firm between Cincinnati and Atlanta and between the NC Research Triangle and Nashville, says Grady Vanderhoofven, a partner and fund manager with Meritus. “It’s a big, wide open, tech rich area in a capital starved region,” he says.
Meritus is a Rural Business Investment Company established in 2006 in response to the creation of the Rural Business Investment Program by the U.S. Department of Agriculture, Meritus is a $36.5 million fund that invests from $250,000 to $2.5 million in rural areas of central and Western Appalachia. “One million is the sweet spot for a first bite for us,” says Vanderhoofven, “and we might invest $2.5 million over time.”
The competitive advantage of tech
The fund’s roster of investors includes a number of banks and several private financial institutions, including member institutions of the Farm Credit System, several large foundations, a number of high net worth individuals, and regional stakeholders such as the University of Kentucky, the Appalachian Regional Commission, and the Tennessee Valley Authority. In addition, the fund is partially capitalized via the sale of debentures guaranteed by USDA.
“We’re generalists and we’ll look at most things except life sciences,” says Vanderhoofven. “We like technology and the competitive advantage technology can provide,” he adds. So the firm looks at firms in IT, software, medical devices, diagnostic tools, and semiconductors.
Working in a captial-starved region has its advantages. “We don’t have to fight over deals,” says Vanderhoofven. “We just look and sift.”
The fund’s portfolio companies include Greenville, SC-based Zipit Wirelss, which develops and makes wireless communication and entertainment devices that allow consumers to access the Internet; SinglePipe a facilities-based Voice over Internet Protocol (VoIP) provider that delivers residential and business services to the wholesale and channel markets; Kentucky-based Wazoo sports.com; and Oak Ridge-based Aldis, which focuses on the transportation logistics and advanced infrastructure management markets.
Oak Ridge Labs getting huge funding
 Grady Vanderhoofven
Vanderhoofven tell us he previously worked at Oak Ridge National Labs, first as a materials engineer, then in its tech transfer office. “That’s what led me into this,” he says. “I became enamored of spinning out Oak Ridge Lab technology.”
But, he says, companies would spin out, then go where they found a source of capital, landing in Austin or San Diego or Long Island.
“So this is an effort to establish a local source of venture capital with the idea that we can capitalize on some of the technical resources in the region.”
He points out that there is a “huge amount of money flowing into Oak Ridge National Labs right now. They’re receiving something like a billion dollars from the stimulus package and building new one-of-a-kind facilities. You wouldn’t recognize it from five years ago.”
But Oak Ridge isn’t the region’s only source of technology expertise. There is also the University of Kentucky, the University of Tennessee, Virginia Tech, Vanderbilt, the Army Missile Command at Huntsville, Alabama, and more.
Fund shifted from early to expansion stage firms
Vanderhoofven says Meritus “plays will with others” and prefers to co-invest and isn’t opposed to deals that include angel investors.
“Historically we have been early stage investors, but in the last year or so we migrated toward more expansion stage investing.”
Early stage investing, he says, “Is a riskier proposition than it was five years ago, so we migrated to the expansion stage where some of the risk is taken out.”
That follows a trend we have seen from venture capitalists generally in the last several years.
Over time, however, Vanderhoofven says Meritus may “Swing back to earlier stage investments.”
For those entrepreneurs in Western North Carolina lo0king for funding, here’s a tip: “We’d like to do a deal in Western NC, but just haven’t found the right one yet,” says Vanderhoofven.
www.meritusventures.com
Tags: Kentucky, Meritus Ventures, NC, SC, Tennessee, venture firms Posted in Carolinas, Company Profile, IT, Kentucky, North Carolina, Other SE, South Carolina, Tech Transfer, Tennessee, West Virginia | Comments Off
Friday, March 19th, 2010
RALEIGH, NC – The Triangle Game Conference (TGC), returning April 7-8, 2010 at the Raleigh Convention Center and Marriott City Center, has announced its line up of tracks and speakers for an immersive learning exchange on market innovations, game development trends and the future of the video game industry.
The conference will present five tracks of panels, lectures and discussions in game development, engines and middleware, immersive learning, the business of games, and games and media. Here’s the complete speaker list.
We think the conference is another sign that the Research Triangle’s gaming hub is booming.
In addition to lectures and panels, TGC 2010 will feature an Expo and a Career Lounge with roundtable discussions with local professionals. This year’s Career Lounge will offer attendees the opportunity to meet professionals in the gaming, design, immersive learning/eLearning and CGI animation industries and hear how they navigated the frequently shifting landscape of this cutting-edge industry.
Also in the Career Lounge, attendees will have direct access to local companies currently hiring and the ability to apply electronically for posted positions through on-site computer kiosks. Attendees are encouraged to bring electronic files of their resumes for posting.
Tags: Events, Research Triangle, Triangle game conference Posted in Carolinas, Events, Internet/New Media, IT, North Carolina | Comments Off
Friday, March 19th, 2010
SPRINGFIELD,VA – Versar, which sells technology services to the government and defense sector, has acquired South Carolina-based Advent Environmental, which sells environmental clean-up services and is also a Department of Defense vendor.
Financial terms were not disclosed, but Versar said it expects the acquisition to add more than $12 million in annual revenue and $100 million in contract capability to the firm.
Tags: Acquisitions, Government/Defense, South Carolina, Viriginia Posted in Acquisitions, Carolinas, Government/Defense, Potomac, South Carolina, Virginia | Comments Off
Friday, March 19th, 2010
 Larry Kilham
By Larry Kilham
“Imagination is more important than knowledge,” Albert Einstein
An apple falls from the tree above you. The bath water increases in depth when you step in. Eureka! You have begun the discovery of the law of gravity or the law of buoyancy. Such discoveries may not have been that simple, but if they add some glamour to the occupation of scientific discovery it’s probably not a bad thing.
To make new theories, new inventions, and other great creations, you have to do better than adjusting existing theories and designs. You must move your mind beyond the existing thinking about the subject. You must move out of your conscious world and focus your mind in a new place occupied only by the new creation.
Abstract Thinking and Refocusing the Mind
When an inventor comes up with a truly novel idea or insight, he or she has been exploring relationships, patterns, and associations until a productive interplay of ideas, images, and data of all kinds is found. That encouragement signals the brain the chase is on. The mind is to be projected to a special little world encompassed by this project.
Einstein placed himself in speeding trains, moving clocks and elevators in space. This was more than metaphorical thinking; it was a mind transforming itself to another place. Einstein’s strength came from his imagination and creativity. For the most part his mathematics is a precise description of the relationships he discovered rather than the way he arrived at those relationships.
Peter Kilham invented a phenomenally successful bird feeder that is the very familiar plastic tube with metal perches. He started by imagining himself to be a bird on a perch. Then he envisioned a geometry that would be most accommodating to the bird. Only after the bird was satisfied did he select the materials and manufacturing processes to make an attractive and economical product.
Creativity, Cognition, Language, and Imagination
How the projection of the mind to a uniquely productive imagination space happens is a subject of a lot of current conjecture. One school of thought says much more information is stored in our unconscious mind than our conscious mind. In the intensive imagination and invention process, the unconscious memory is searched for clues and ideas and promising ones are resurrected from time to time.
One such time everyone can relate to is thinking about an unsolved problem just before going to sleep and awaking with the idea in full sound and color. The mind had been rummaging around its archival memories overnight, probably while dreaming.
Experts say that human intelligence is much superior to animals because of language. While it is generally accepted that many animals recognize dozens of words, there is no evidence that they can learn expansive vocabularies or use grammars. In other words, animals cannot think in or communicate with language.
While dialoging with themselves is a common way for creative people to force their minds into creative spaces that normal thinking wouldn’t bring them to, and language becomes even more important as more research is done using the Internet, there are other ways to guide the mind. Thinking in pictures and images is another approach.
Imagination gets us beyond the here and now. It gives us the ability to ask questions in a new spirit of discovery. It facilitates seeing ahead and exploring the best way to go. This is an essential step to go from innovation to creation to invention. This puts us in a class distinct from very smart animals and super intelligent computers.
The Emotion Factor
Emotion is very important in high level thinking, but its exact relationship to the thinking process has not been precisely defined. A heightened emotional environment may cause the thinking person to switch into a higher or lower level of mental activity. This may be particularly true for the creative thinker.
One emotional influence is the socioeconomic pressures of a given era. Times of tension and danger often seem to foster creative and inventive efforts.
The great artists of the warring states of the Renaissance and the incredible scientific developments made during WW II are classic examples. Was the creativity enhanced because there was a top-down pressure on creative thinkers to work even more diligently on their projects?
Was it because the pressure of the times somehow modified the brain chemistry of the creative people forcing them into an extraordinarily productive mode much of the time? The influence of chemicals ranging from alcohol to narcotics to imbalances of neurochemicals such as serotonin to dopamine has been noted and discussed from ancient Greek times to the present.
Many creative people such as writers feel that immensely creative states of mind are reached when the mind is not in a normal equilibrium state.
Despite the many problems that hems in almost every child, children still have the almost naïve capability of unfettered imagination. Some people, very few, keep this imaginative ability through adulthood.
Their imaginings leads to inventions, art, designs and explorations of many frontiers never seen before. Emotion is part of this creative formula, and perhaps the emotional element is what is hardest to reconcile in equating the human mind to an advanced computer or an artificial intelligence machine. Did you ever see a computer cry?
Larry Kilham is a speaker and consultant specializing in new product development for high tech companies. He is the author of the forthcoming book, “MegaMinds: How to Create and Invent in the Age of Google.” Larry and his family are successful inventors and entrepreneurs with many patents and awards. He has a master’s degree from MIT and has founded three companies. He can be contacted at lkilham@gmail.com
Tags: Business advice, Viewpoint Posted in Business advice, Columns, Viewpoint | Comments Off
Friday, March 19th, 2010
LANHAM, MD – Domain7, a Canadian Web design and strategy company, has acquired Maryland-based Joint Venture Communications. Financial terms were not disclosed.
This strategic acquisition will extend Domain7′s marketing and communications capabilities, and enable it to better serve clientele in the US and in Canada, east of our headquarters’ Pacific time zone, the company said.
It said Joint Venture’s expertise in advertising and brand development provides creative solutions for both the private and public enterprise markets.
Tags: Acquisitions, Maryland, Web services Posted in Acquisitions, Internet/New Media, Maryland, Potomac | Comments Off
Thursday, March 18th, 2010
 Duke University
DURHAM, NC – Duke University has received a $10.2 million grant from the Robertson Foundation to create a Translational Cell Therapy Center. The center will focus on the University’s cell therapy research and treatment programs.
The center will look at treatments for cancer, cerebral palsy, stroke, and brain injuries.
“The emerging field of regenerative medicine has great promise, and this generous gift will accelerate the pace of Dr. Kurtzberg’s and other Duke scientists’ world-renowned, translational work in cell therapies,” said Dr. Victor Dzau, Duke chancellor for health affairs and CEO of the Duke University Health System.
“The creation of the TCTC will support the work of many Duke researchers exploring various applications of cell-based therapies,” he added.
Duke researchers have spent decades studying the therapeutic use of umbilical cord blood stem cells, which have the ability to develop into various types of specific cells.
Duke will use part of the foundation grant to create a laboratory where the cells can be harvested and stored.
Tags: Biotech, Duke University, Durham, grants, NC Posted in Uncategorized | Comments Off
Thursday, March 18th, 2010
ATLANTA – Path-Tec, a company that provides clinical, pharmaceutical and research labs with a turnkey solution for kit design, production, client supply management and patient specimen tracking, has raised $1.25 million from Fulcrum Ventures.
The Columbus-based company was founded in 2005 and positions itself as a complete outsourcing solution for labs. It handles lab chores such as client supply management, distribution of supplies and sample tracking and customer service functions.
CEO Kevin Boykin tells us that this is the company’s first outside investment.
The company will use the funds to expand its operating infrastructure, strengthen its technology offering and provide working capital for its rapid growth.
“Path-Tec is well positioned to rapidly expand both its current product offering as well as its customer base,” said Boykin.
Boykin says the 25-30 employee company is doing some hiring and has just filled some key positions in the last few weeks. We mentioned that the aging population and the increasing use of diagnostic tests probably bodes well for the company’s future. “It does,” he agreed, “and there is also a labor shortage in the laboratory area. We allow them to outsource about everything they can so they can focus on their core competency of testing.”
“We believe that Path-Tec can be a leader in this expanding industry. The demand for routine and esoteric laboratory tests continues to increase. Hospitals and reference labs are looking for a service provider who can provide customized kitting products as well as value added services, including supply chain visibility, inventory management and tracking” said Frank X. Dalton, general partner at Fulcrum Ventures.
By Allan Maurer
To contact TechJournal South editor Allan Maurer email: Allan at TechJournalSouth dot com.
Tags: financing, Fulcrum Ventures, Georgia, Path-Tec, Pharma Posted in Georgia, Money | Comments Off
Thursday, March 18th, 2010
Nearly half the social media users surveyed by electronics marketplace Retrevo said they check or update Twitter or Facebook after going to bed at night or first thing in the morning. While 48 percent admitted to the bedtime social media action, 52 percent said they never check or update the sites from bed.
Some 16 percent of the 1,000 users surveyed said they get their morning news from social networking sites such as Twitter and Facebook.
Retrevo said iPhone users appear more involved with social media, using both Facebook and Twitter more often and in more places.
More than half those surveyed said they check Facebook and Twitter at least once a day, while 12 percent admitted they check them every couple of hours.
We use both sites daily as part of our work as well as for personal reasons, but we still get our morning news from a variety of traditional sources online. You have to wonder if people checking social media sites in bed and first thing in the morning before even having that first cup of java are just a tad addicted.
Here’s Retrevo’s blog entry on the study.
Tags: facebook, Internet new media, social media, surveys, twitter Posted in Internet/New Media, Studies, surveys, reports | Comments Off
Thursday, March 18th, 2010
RALEIGH, NC – Three online advertising veterans of Accipiter have launched aiMatch, a company selling a new online advertising technology platform.
The company says its technology will help online publishers create new and better defined audiences, new revenue opportunities and maximize the value of their advertising inventory.
Founders Jeff Wood, Guy Taylor and Ryan Treichler have more than 40 years of combined experience in the online advertising industry and have spent more than 10 years working together at Microsoft, aQuantive, Accipiter and Engage. They led Accipiter, one of the Triangle’s startup success stories, to acquisition by aQuantive. Microsoft then bought the company for $6 billion in 2007.
They’re well known in the tech community nationally and garnered early press from TechCrunch, Forbes and other media on the launch of aiMatch. We know they’ll be welcome back in the Research Triangle startup community as well as in the fractured world of online advertising.
aiMatch says it has created a single, comprehensive solution for publishers to create, forecast, deliver and analyze online advertising products. The approach puts data in the hands of publishers for their benefit.
The aiMatch solution is an open, extensible platform that can communicate with value-add systems for aggregating data into one actionable view, making it easy for customers to tailor to their specific needs.
The company says it overcomes the limitations of traditional ad serving solutions by enabling the analysis of unlimited amounts of data, ranging from the very simple to the extremely complex, and making that data actionable.
“While so many solution providers have been focused on helping publishers monetize remnant inventory, we recognized that publishers invest heavily in their content and need new tools to increase the value of their direct sold products,” explained Jeff Wood, aiMatch CEO.
“That is why we are dedicated to offering solutions that leverage advertising intelligence to maximize their return on that investment.”
aiMatch also announced limited availability of its online advertising platform, currently open to early adopters, with full availability scheduled for June 2010.
Tags: aiMatch, NC, new company, online advertising, Raleigh Posted in Carolinas, Internet/New Media, IT, Marketing, North Carolina | 1 Comment »
Thursday, March 18th, 2010
 Keith Blakely
SPRINGDALE, ARK – NanoMech, a designer and manufacturer of nanoparticle additives and coatings for specific applications, has named Keith Blakley CEO.
Blakely has a history of successfully transforming startup companies into major technology enterprises. He spearheaded development of one of the leading advanced ceramic companies in the United States, Advanced Refractory Technologies, building it from a one-person startup to a multinational operation with multiple manufacturing facilities and over 325 employees.
Following this, he orchestrated the creation, development and growth of what at the time was one of the world’s leading nanotechnology companies, NanoDynamics. Under Blakely’s leadership the company developed over 120 patents and patent applications and brought three products to commercial viability in five years.
Blakely has delivered strategic executive consulting services to a number of other technology-driven organizations and has led successful turnarounds at several companies, resulting in their acquisition by major US corporations.
Blakely has served as the Director of the Center for Competitiveness for the Niagara Region of New York, and Chairman of the Board for the Western New York Technology Development Center. He was named the New York State Export Entrepreneur of the Year.
NanoMech’s scientists and engineers design a wide variety of nanocomposite materials and coatings that have properties such as extreme wear resistance, self-lubrication, antimicrobial action, biocompatibility and other attributes that benefit multiple industries. NanoMech’s suite of nanomaterials and manufacturing technologies holds numerous patents and patents pending.
www.nanmech.biz
Tags: Arkansas, Nanotech, People Posted in Arkansas, Nanotech, People | Comments Off
Thursday, March 18th, 2010
ROCKVILLE, MD – OriGene Thereapeutics, a gene-centric life sciences company, has closed a $16 million B round led by IDG-Accel, SBI & TH Venture Capital Enterprise, and Zero21IP, with previous investors Morningside Venture Investments and President International Development Corp. participating.
The proceeds from the funding will be used to continue to build OriGene’s TrueMAB monoclonal antibody collection.
“The funding will propel us closer to meeting our goal of building the largest monoclonal antibody collection in the world covering the entire human genome of approximately 20,000 genes,” said Wei-Wu He, OriGene’s chair and CEO.
The company says its The TrueMAB Collection of monoclonal antibodies will be developed with the most up-to-date antibody technologies and will be significantly different from many antibodies on the market, as OriGene will be using authentic human full-length proteins as immunogens during the manufacturing process. OriGene has dedicated the last decade to build the largest collection of human full-length cDNA clones in the world.
It also says the TrueMAB monoclonal antibodies generated by authentic human antigen, have been proven far superior in quality than traditional small peptide generated monoclonal and polyclonal antibodies, especially in applications such as flow cytomery and multiplex ELISA assays. Many of these monoclonal antibodies are currently available and will be utilized by multiple commercial partners for various applications.
www.origene.com
Tags: Biotech, financing, Maryland, OriGene, Pharma Posted in Maryland, Money, Potomac | Comments Off
Wednesday, March 17th, 2010
 Dr. Anthony Atala, co-scientific founder, Tengion
EAST NORRITON, PA – Tengion, a company that creates working organs using a patient’s own cells, plans to raise $40 million in an initial public offering of stock. Tengion has a research laboratory and pilot facility in Winston Salem, NC, where co-scientific founder Dr. Anthony Atala heads the Wake Forest Institute for Regenerative Medicine.
Tengion plans to offer 4.4 million shares at $8 to $10 a share. It will trade on Nasdaq under the symbol TNGN.
The company’s patented integrated technology platform was developed over the past two decades by scientists at Children’s Hospital Boston (a teaching affiliate of Harvard Medical School), MIT, and the Wake Forest Institute for Regenerative Medicine.
It harnesses the body’s ability to regenerate tissues and organs, and has the potential to allow adults and children with organ failure to have functioning organs created from their own tissues.
Founded in 2003, the company has no revenue.
company owns or licenses over 30 US patents and patent applications and over 100 international patents and filings related to its platform and nine product candidates.
It has a urological treatment in Phase II clinical trials.
We have always been impressed with the progress of regenerative medicine in recent years and Dr. Atala’s work is at the forefront.
Dr. Atala and his lab have created working human bladders on cell scaffolds, a unique sort of construction work. Part of his research is funded by the U.S. Armed Forces. Regenerative technology could be a boon to wounded soldiers. It sounds like science fiction, but one day they may even be able to regrow injured limbs and replace severely damaged organs.
Dr. Atala conducted research and practiced pediatric urology at Harvard’s Children’s Hospital Boston for 15 years, until 2003, when he became Director of the Wake Forest Institute for Regenerative Medicine in North Carolina. Dr. Atala’s numerous awards and honors include the Christopher Columbus Foundation Award, funded by the US Congress and bestowed on a living American whose discoveries will significantly benefit society; and the Scientific American, Research Leader Award, for his contributions to tissue and organ regeneration.
Tengion’s corporate headquarters and commercial manufacturing facility are in East Norriton, Pennsylvania. The company has research offices, a development laboratory and a pilot manufacturing facility in Winston Salem.
Tags: Dr. Anthony Atala, IPOs, regenertive medicine, Tengion, Wake Forest Unversity, Winston Salem Posted in Carolinas, IPOs, North Carolina | 1 Comment »
Wednesday, March 17th, 2010
RICHMOND, VA – Peak 10, a managed services and data center company says it is expanding its Richmond operations with a second enterprise-class, 13,500 square foot facility contiguous with its current one here.
Scheduled to open later this year, the expansion will bring Peak 10′s Richmond footprint to nearly 30,000 square feet and will be the company’s 19th data center facility in its 10 U.S. markets.
“The expansion of our Richmond operations is a direct result of high customer demand from enterprise companies stretching from Tidewater Virginia to Washington, D.C.,” said Mark Wensell, Ph.D., the vice president and general manager of Peak 10 Richmond.
The new Richmond data center will be engineered with multiple levels of security, uninterruptible power, HVAC systems, fire suppression and around-the-clock monitoring and management. It will be SAS70 Type II, PCI compliant and interconnected with Peak 10’s private network.
The company recently expanded its credit facility to $95 million, positioning it for ongoing organic growth and re-investment in its current markets, the company says.
Peak 10 clients include: LendingTree, Global Knowledge, Pergo, Healthways, Churchill Downs and The Fresh Market.
www.peak10.com
Tags: data centers, managed services, Peak 10, Virginia Posted in Internet/New Media, IT, Potomac, Virginia | Comments Off
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