Archive for August, 2010
Monday, August 23rd, 2010
By Jim Bain
Managing people and projects from across the hall is tough enough. Managing people and projects from different cities, states, time zones, or countries is infinitely more difficult. You might as well be on different planets. And, as the world economy changes, this remote sort of management is becoming more and more common.
Whether your organization has a sales force spread around the country, an engineering group located across the state, or projects you might be building across town, the lack of opportunity to “run into” the other members of your team can be devastating to the team’s performance. While there are certainly some advantages to a remote workforce, its downsides must be recognized and either minimized or avoided completely.
Must learn to improve interations
The goal of most organizations and sub-organizations is to deliver something of value to their external customers, their internal customers, or both. As such, the difficulty of managing people remotely has a direct impact on both the productivity of the workforce and the quality and quantity of the end product or service.
To operate at peak performance today, managers simply must learn how to improve their interactions with remote employees.
Motivation and behavior studies over the last 5 decades have held that motivational triggers exist at differing levels for each individual. The most basic of these needs, such as food, water, and shelter are satisfied by means of a salary or wage and are not affected by the location of the worker. Middle level needs, such as the need for relationships, good work conditions, and the need to belong are simply easier to satisfy when people work in direct contact with each other.
In other words, remote employees are much more inclined to be dissatisfied with their work simply because it is more difficult to develop the necessary relationships. There is limited “face time.” Fortunately, if those management hurdles are cleared, the highest level needs, such as achievement, the work itself, recognition, responsibility, and advancement, are not only possible, but often enhanced by remote working arrangements.
The key, then, is to take creative measures to ensure that those remote relationships are built and nurtured. Many people have experienced that feeling that they think, act, and speak in different languages than their spouse, their children, or their boss. They might as well be from different planets! How can managers make sure that they are on the same planet as their remote team members?
- Start by agreeing on the outcomes you seek. Engage in true two-way communication. Be specific about the desired results of the work. Confirm that all parties understand the details of the desired results. Agree on a “get well” date. When will the project be finished? Remotely located employees have more flexibility in the “how,” but need to have fairly specific goals and objectives on the “what” and the “when.”
- Get out of your office and go see your remotely located people. Whether you schedule your trips to your remote locations on a regular basis or a more haphazard basis is not critical. Visiting their turf, their offices, their project sites – is! Back in the 1970’s this was called MBWA – Management by Walking Around. People want to see you so that they feel as if they have access to you and so they know that you care.
- When you can’t get out to see your people, institute a daily or weekly “How can I help you?” call. At an agreed upon time, if you and your remotely located people have not yet talked, part of your responsibility as a manager is to find out how you can help. This regular call will go a long way to building the trust that occurs more readily when they are just across the hall. Make this call one of your good habits.
- Use technology to its fullest potential. Nearly, everyone is aware of e-mail. Videoconferences, on-line virtual meeting sites such as Second Life, and social networks like facebook and Twitter, are excellent examples. While there is no substitute for face-to-face interaction, current technology can get you pretty darn close. This is also an excellent way to bridge the generation gaps that are developing in today’s workforce. If you are a baby boomer, learn to e-mail, text, and maybe even Tweet your gen-X and gen-Y employees. They will appreciate the effort just as inhabitants of a different planet would appreciate you learning their language.
- Walk a mile in their shoes. The construction business is a great example. The office personnel find it hard to understand the difficulty of working out of a hot dusty pick-up truck with paper spread everywhere, no place to fill out all of the necessary forms, and Burger King bags on the passenger seat floor. Develop a “day in the life” program. Set up opportunities for staff from different groups in your organization to spend a half or whole day job shadowing each other. The experience will help different functions understand the difficulties each group faces when working away from the “head shed.”
- Care. Take the time to communicate with your people in any form available. It will help to build those relationships so necessary for job satisfaction. Start by asking your people about their lives, their work, their needs. Then shut up and listen. You’ll be surprised what you learn.
The rapidly increasing incidence of remote management can directly and severely impact the job satisfaction for your remote employees. Decreased job satisfaction has a negative impact on productivity and performance. The reality is that special measures must be taken to alleviate those issues. Using these tips will help you practice the first three rules of effective employee management. And they are…communicate, communicate, communicate!
James S. Bain, MBA, is an author, speaker, consultant, and coach. He is the founder of Focus on the 5, a division of Falcon Performance Institute, a consulting and corporate training firm focused on productive performance. Look for Jim’s soon to be published book, “Never Pass on a Chance to P- A Roadmap to Peace in Your Life.” To hire Jim or find out more about Focus on the 5 and the Falcon Performance Institute, See: www.falconadv.com
Tags: Business advice, Six steps to improve remote management, Viewpoint Posted in Business advice, Telecommunications, Viewpoint | Comments Off
Monday, August 23rd, 2010
GREENSBORO, NC – North Carolina A&T State University and the University of North Carolina at Greensboro are jointly operating the Joint School of Nanotechnology and Nanoengineering that opens today (Monday, Aug.23). It is one of only ten such schools nationally.
Nanotechnology deals with atoms and molecules 1,000 times smaller than the width of a human hair. It has wide applications in medicine, IT, materials science and new product development.
The new school is intended to provide undergraduates and high school students access to understanding the field and training for scientists and engineers already in the workforce.
James Ryan, a former IBM exec who holds 47 patents, has been named dean of the school.
We have reported recently on startups with nanoparticle technologies, medical uses of nanobots that track down and kill infections, and other uses of this technology of the ultra tiny sub microscopic world.
See:
Parabon Nanolabs targets tumor cells
Humble protein, nanoparticles partner to kill cancer cells
Tags: Greensboro, James Ryan, nanobots, nanomaterials, nanomedicine, Nanotech School, nanotechnology, nanowires Posted in Carolinas, Education, Nanotech, North Carolina | Comments Off
Monday, August 23rd, 2010
DURHAM, NC – 6fusion, which has developed an algorithm that radically simplifies the metering, consumption and billing of compute resources, has raised $3 million in a financing led by Intersouth Partners in its first institutional round and is moving its headquarters to the Research Triangle.
The funding will be used to add to its senior executive team and expand research and development as the company continues to scale. “6fusion is growing at a fierce pace,” said John Cowan, co-founder and CEO of 6fusion.
6fusion has developed an algorithm that radically simplifies the metering, consumption and billing of compute resources, called the Workload Allocation Cube (WAC).
The WAC is the most granular and universal metric for metering and delivering Infrastructure-as-a-Service.
The company also has developed a platform called UC6 which provides a single pane-of-glass user interface for customers to dynamically provision cloud workloads internal or external to their organization.
Katrin Burt and Mitch Mumma of Intersouth will join the company’s board.
The company will be temporarily housed at Intersouth’s offices at the Amercan Tobacco Campus, Durham, until it finalizes its new headquarters location. It was previously located in Wilmington, DE.
6fusion considered every major market before deciding to relocate the company to Research Triangle Park. “The Research Triangle has a rich history of strong infrastructure development and a cadre of growing companies, which makes it an exciting place to locate our company,” said Cowan.
“As cloud computing continues to redefine IT delivery, we look forward to playing an important role in establishing the Research Triangle as a key location for the industry.”
Tags: 6fusion, American Tobacco Campus, Durham, financing, Intersouth Partners, IT, NC Posted in Carolinas, IT, Money, North Carolina | Comments Off
Monday, August 23rd, 2010
DURHAM, NC – PocketGear, which says it is the world’s largest open app and content marketplace, has raised a $15 million B round led by Trident Capital. BlackBerry Partners Fund also participated.
PocketGear will use the funding to scale technical operations, build out its sales and marketing team and expand its global reach to capitalize on the growing mobile application market, which is forecasted to exceed $20 Billion by 2013 according to multiple industry analysts.
“The mobile application marketplace is exploding and we are very excited about the opportunity to use this funding to help our expanding network of service provider, OEM and media company partners efficiently bring new revenue generating services and devices to market more quickly and easily,” said Jud Bowman, president and CEO of PocketGear.
“As we power more app stores for our partners, PocketGear provides an even more powerful distribution channel for our network of developers. Trident and BlackBerry Partners Fund all have deep experience and success in mobile and Internet services and, like us, believe that an open marketplace will deliver more value for all of the key stakeholders across the mobile value chain.”
PocketGear is the world’s largest cross platform, open app store and content marketplace with over 32,000 developer relationships and a catalog of more than 140,000 paid and free titles.
Tags: BalckBerry Partners Fund, Durham, financing, mobile apps store, NC, PocketGear, Trident Capital Posted in Carolinas, Internet/New Media, Money, North Carolina, Telecommunications | Comments Off
Friday, August 20th, 2010
While some folks in the mobile space we have talked with say Android phones are gaining traction and Apple had to deal with the overblown Antennagate problem, venture capitalists have rained money on iPhone and iPad startups focused purely on developing apps for those devices in the last 12 months, according to a report by CB Insights.
In 17 rounds, 16 firms raised $120.6 million with the average raise pegged at $7.5 million. The largest deal was for $25 million and the smallest for $200,000.
VCs led about 60 percent of the deals, while angels took the lead on aboug 18 percent. VCs and angels partnered to fund about 25 percent of the deals.
Nevertheless, some VCs remain skeptical about the sustainable business potential of the space.
In a recent interview, Don Rainey of Grotech Capital, who is one of 50 speakers at Tech Media’s Digital East conference Oct. 18 at Tysons Corner, VA, said he has yet to see a mobile app pure play that made a lot of money for a company. “It’s a hit oriented business and it’s tough to keep coming up with hits,” he says.
Tags: angel investors, CB Insights, Digital East, Don Rainey, Grotech, iPad, iPhone, pure play ipad/iphone startups, Venture Capitalists Posted in Internet/New Media, Money, Telecommunications | Comments Off
Friday, August 20th, 2010
ALEXANDRIA, VA – VSE Corporation (NASDAQ: VSEC) has acquired Akimeka, headquartered in Hawaii with offices in Virginia, Florida and Texas for approximately $33 million in cash, with the potential for additional payment of up to $11 million if certain financial targets are met during the next three years.
For the year ended December 31, 2009, Akimeka recorded revenues of approximately $38 million and pretax income of approximately $6.5 million.
Akimeka is a health services information technology consulting company serving the U.S. Government market. Most of Akimeka’s customers are in the Military Health System. Core expertise lies in E-health; Enterprise Architecture; Information Assurance/Business Continuity; Public Safety; Web Based Technologies and Systems Design and Integration.
Akimeka complements VSE’s most recent acquisition, G&B Solutions, an established information technology provider to many federal agencies, including the National Institutes of Health, Departments of Health and Human Services, Homeland Security, Interior, Labor, Social Security Administration and the Pension Benefits Guarantee Corporation.
Maurice “Mo” Gauthier, CEO of VSE, said, “The acquisition of Akimeka is a strategic move to strengthen our IT offerings, particularly in the sector of health IT. G&B Solutions has health IT customers in the civilian agencies and now we add Akimeka, which has an excellent portfolio of Defense agency health IT customers.
Tags: Acquisitions, Akimeka, health services IT, Potomac, Virginia, VSE Posted in Acquisitions, Government/Defense, IT, Potomac, Virginia, Washington, DC | Comments Off
Friday, August 20th, 2010
MORRISVILLE, NC – Medical device company nContact has closed on a $4 million mixed securities offering, according to a regulatory filing. The company makes devices for the minimally invasive treatment of heart arrhythmias.
Investors include Harbert Management Corp., Birmingham, AL; Hippo Ventures; Finistere Ventures, San Diego; Village Ventures, Williamstown, MA; Tall Oaks Capital, Charlottesville, VA;’ Massey Burch Capital Corp., Nashville, TN; and Intersouth Partners, Durham, NC.
The company, founded in 2005, raised at least $24 million in three previous rounds.
On its web site, the company says, “We are currently enrolling patients in a series of clinical trials to evaluate the use of this system for the treatment of atrial fibrillation (AF) in concomitant procedures as well as in convergent procedures, which combine the best techniques of Cardiovascular Surgeons and Electrophysiologists to potentially provide a truly minimally invasive treatment solution for all AF patients in a single procedure.”
The company disclosed the raise in a filing with the US Securities and Exchange Commission.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: AL; Hippo Ventures; Finistere Ventures, Birmingham, Charlottesville, Durham, financing, Harbert Management Corp., MA; Tall Oaks Capital, Medical Device, Morrisville, Nashville, NC, nContact, San Diego; Village Ventures, TN; and Intersouth Partners, VA;' Massey Burch Capital Corp., Williamstown Posted in Alabama, Carolinas, Money, North Carolina, Other SE, Potomac, Tennessee, Virginia | Comments Off
Friday, August 20th, 2010
TAMPA, FL – Bit Cauldron Corp., which makes 3D technologies such as advanced glasses for 3DTV, has closed on $1.07 million in equity, according to a regulatory filing.
Investors in the company include Emergent Growth Fund II, of Gainsville, a member-managed angel group.
Founded in the 2008, the company’s 3D glasses technology uses wireless radio frequency rather than infrared. The company also sells transmitters and other products.
It disclosed the raise in a filing with the US Securities and Exchange Commission.
We enjoyed watching a few 3D movies in theatres, but the glasses-which we have to wear over corrective lenses, while better than the 1950s versions, were still less than the ideal in comfort. Also, we became used to the 3D effect, which provided some startling moments, but overall seemed fairly tame. It also cost twice the price of a regular ticket.
We’re not sure people are going to take to wearing glasses to watch 3DTV at home or on computer screens all that often. It seems, still, a novelty rather than something likely to replace the kind of experience that doesn’t require special glasses and more expensive technologies. — Allan Maurer
Tags: 3D eyeglasses, 3DTV, Bit Cauldron, financing, FL, Tampa Posted in Florida, Internet/New Media, IT, Money | Comments Off
Friday, August 20th, 2010
WASHINGTON, DC – PointAbout, a DC-based company that has developed a mobile app development platform, is raising a round of funding from Charles River Ventures and angel investors.
On its Web site, PointAbout brags that its mobile development efforts were “location aware back when FourSquare was still only a game that elementary school kids played at recess.”
The 28-employee company has one patent pending on its technology.
Its more than 30 clients include Disney, Burger King, Kohl’s and The Washington Post.
The company, which opened a San Francisco office recently, was featured in the Sept. Fast Company magazine.
Tags: DC, Fast Company, financing, mobile apps, PointAbout, Washington Posted in Internet/New Media, IT, Money, Potomac, Washington, DC | Comments Off
Friday, August 20th, 2010
 Christopher Mitchell
By Chistopher Mitchell
Opelika, Alabama is the latest community in the Southeast to move toward a community owned broadband network.
Last week citizens approved a fiber-to-the-home network owned by the public power utility to expand telecom competition and invest in smart-grid services.
Though major telecom companies have long argued that broadband has plenty of competition, many communities beg to differ.
General dissatisfaction
This is not an uprising against a single cable or phone company, rather general dissatisfaction with de facto monopolist providers who focus first on shareholder returns rather than community needs.
Throughout the south, nearly every national cable co has had to deal with an upstart community that chose to own its information infrastructure: Comcast (Chattanooga, TN), Cox (Lafayette, LA), Time Warner (Wilson, NC), and Charter (Opelika, AL).
Fastest and least expensive broadband systems are municipal
The trend is fascinating: the single fastest citywide broadband tier available in the US comes from Chattanooga with 150Mbps.
Probably the most economical connection in the nation lies in Lafayette with 10Mbps for a mere $30/month (as with most community fiber networks, Lafayette and Chattanooga only offer symmetrical services – ensuring users can publish content as readily as downloading it).
Bristol, Virginia was first
In fact, the very first city-owned triple-play fiber-to-the-home network in the nation started in Bristol, Virginia, where it has brought hundreds of high paying jobs to people who sorely need them.
Opelika’s 62 percent yes vote was necessary because Alabama law requires a referendum before communities build a network offering cable services – laws pushed by deep-pocketed incumbent providers who understand that communities themselves are the most likely source of broadband competition.
Due to the massive upfront investment, long payback, and difficulty of competing with an entrenched incumbent, the private sector has little appetite for overbuilding.
Why communities build their own networks
Wireless may be competitive against DSL, but Wimax is no match for DOCSIS 3 cable networks, which are more reliable and offer higher capacity in general. Fiber-to-the-home offers much higher reliability, capacity, and headroom for upgrades but wireline companies with little competition see little pressure to upgrade.
This is why communities are building their own FTTH networks – they want to remain technologically competitive with the rest of the world (and superior to perhaps 95 percent of the US) but recognize they have to invest in this infrastructure themselves – just as many of them did when private companies saw little reason to offer electricity to everyone at reasonable rates.
Battle looms again in NC
In North Carolina, Time Warner Cable’s lobbyists have consistently fought to outlaw community networks (even in areas the private sector has no interest in serving).
The effort failed earlier this summer despite making greater inroads than previous attempts. They will undoubtedly be back in Raleigh to try again next session – lobbyists are a tiny expense compared to the cost of a truly competitive landscape for these companies.
Christopher Mitchell is the Director of the Telecommunications as Commons Initiative at the Institute for Local Self-Reliance. He writes regularly about community networks on MuniNetworks.org and has published a comprehensive report about such networks: Breaking the Broadband Monopoly: How Communities are Building the Networks They Need .
TechJournal South has covered the efforts of states to regulate municipal broadband for some time. North Carolina has thus far turned back two efforts to put restrictions on the efforts of cities to create their own broadband networks, which one has done and several are planning. Both previous articles below contain links to numerous background pieces on the topic.
See: Six months to act
Municipal broadband battle rages on
Tags: AL, Bristol, Charter, Chattanooga, Comcast, Cox, LA, Lafayette, Municipal broadband, NC, Opelika, Time Warner, TN, VA, Wilson Posted in Alabama, Carolinas, North Carolina, Other SE, Potomac, Telecommunications, Tennessee, Viewpoint, Virginia | Comments Off
Thursday, August 19th, 2010
 Jon Carpenter
By Allan Maurer
WASHINGTON, DC – “If I can spend $25 and get something worth $50, it’s a compelling value proposition,” says Jon Carpenter, director of marketing for LivingSocial, the DC-based company that has raised $50 million this year alone to expand its LivingSocial Deals service. Members save from 50 to 90 percent off deals at restaurants, spas, sporting events, hotels and other local attractions.
LivingSocial raised more money than any DC-area consumer oriented startup since AOL and has rapidly expanded its local deals program, closing in on 60 cities. It has also rapidly expanded its employee base from 20 to 200 as it puts people on the ground in each city it adds to the LivingSocial Deals program and builds its customer service department in DC.
“We made the strategic decision early on to have boots on the ground in every city,” Carpenter tells us. He says the company looks for reps who grew up in a city and/or “Have their fingers on the pulse of their cities. We put a top priority on quality, so finding them is more difficult than say just doubling staff at a call center.”
Hot business sector
The recession and whatever it is we’re in now has people looking for bargains, but Carpenter notes, “Any time is a good time to save money.” That at least partly explains why the discount group buying space is one of the hottest digital businesses out there right now.
As we’ve pointed out numerous times at TechJournal South, LivingSocial, Groupon and others have raised huge amounts of expansion cash and the space has more than 100 players, although only four are in more than two cities.
Room for lots of players
“We think there’s room for a lot of players,” Carpenter says. “It’s anybody’s guess what this will look like five years from now. Wish I had a crystal ball,” he adds as fire sirens whine in the background. The company headquarters is in DC’s Chinatown and not far from a fire station.
While restaurant, spa and other deals are fairly common offerings, LivingSocial also presents deals on shooting ranges, medical services, teeth whitening, and pole dancing classes, among many others.
LivingSocial started out offering the Facebook “Pick Five,” app, but rapidly progressed to its revenue producing deals service.
Carpenter is one of more than 50 top Internet gurus, digital maestros, executives, entrepreneurs and venture capitalists slated to participate in the first Digital East conference at Tysons Corner, VA, Oct. 18.
Prior to joining LivingSocial, Carpenter worked in digital strategy for clients such as the US Department of Energy, Bombadier Transportation, smartUSA and DARPA.
He was also an early product manager at Steve Case’s Revolution Health.
See also: Local deals firm growing because they provide merchants with leads
Living Social grabs another $10M
Five Questions for LivingSocial CEO Tim O’Shaughnessy
Tags: Digital East, group discount buying services, Groupon, Jon Carpenter, LIvingSocial, local buying Posted in Events, Internet/New Media, Potomac, Washington, DC | Comments Off
Thursday, August 19th, 2010
RALEIGH, NC – New York-based Avista Capital Partners and Teachers’ Private Capital are buying Raleigh’s INC Research, a life sciences contract research organization,in a deal worth $600 million, according to news reports.
INC, owned by Crosspoint Venture Partners and Adams Street Partners, employs some 2,000 people in 40 countries.
CEO James Ogle and the company’s management team will remain in their positions.
INC provides Phase I through Phase IV clinical trial services to pharma and biotech companies.
Tags: acquisition, Adams Street Partners, Avista Capital Partners, Crosspoint Venture Parnters, INC Research, James Ogle, NC, New York, Raleigh Posted in Acquisitions, Carolinas, North Carolina | Comments Off
Thursday, August 19th, 2010
GOLETA, CA – SpectraFluidics, a company developing a platform for sensing air borne molecules at ultra low concentrations, has raised funding in an undisclosed amount from In-Q-Tel, the venture fund supporting missions of the US Intelligence community.
The technology behind Spectrafluidics’ system is a unique combination of free-surface microfluidics and surface-enhanced Raman spectroscopy.
The high-throughput technology promises to improve screening productivity, and potentially enable 100 percent continuous trace vapor screening in critical applications which have typically relied upon slower sampling protocols and lab analysis instrumentation.
Initial target applications include in-line security screening for explosives, as well as food and agricultural produce where safety, quality and certification are increasingly important.”SpectraFluidics is developing a truly novel approach to real-time airborne chemical sensing, which could ultimately be configured as a hand-held instrument,” said Syd Ulvick, vice president, Physical and Biological Technologies practice at In-Q-Tel.
We’ll keep our eyes on the SEC filings and let you know if the amount of the investment turns up.
Tags: airborne molecule detection, financing, GA, Goleta, In-Q-Tel, Security, SpectraFluidics Posted in Georgia, Government/Defense, Potomac, Security, Virginia | Comments Off
Thursday, August 19th, 2010
TAMPA, FL – Oragenics Inc. (OTCBB:ORNI) has closed on a $2 million equity and debt round, according to a regulatory filing. The company has developed an oral treatment that could prevent tooth cavities for a lifetime, an antibiotic effective against resistant bacteria, and other innovative products.
Koski Family Limited Partnership is the company’s main investor.
Oragenics, which disclosed the financing in a filing with the US Securities and Exchange Commission, focuses on the discovery, development and commercialization of oral health, antibiotics and general health.
Founded in 1996, it has R&D facilities in Alachua, FL and is headquartered in Tampa.
It sells products based onits ProBiora technology and has a number of others in development.
The company’s Web site outlines the following company history:
Dr. Jeffery Hillman began his basic research into the concept of replacement therapy for preventing dental caries or cavities in the late 1970’s at the Forsyth Institute in Boston. He transferred his research to the University of Florida College of Dentistry in 1992.
There, he continued to pursue the development of a genetically engineered strain of Streptococcus mutans that could help prevent cavities by replacing the body’s natural caries-causing strains of S. mutans.
Currently in clinical trials, Oragenics’ patented SMaRT Replacement Therapy is a painless, one-time, five-minute treatment that has the potential to offer lifelong protection against tooth decay. Applied topically to the teeth with a swab, the therapy can be administered by dentists in the office or in the field.
During his work with S. mutans, Dr. Hillman discovered MU 1140, or a mutacin, a powerful lantibiotic that is produced by the bacterium in tiny amounts. This new broad-spectrum antibiotic has demonstrated activity against Gram-positive bacteria responsible for a variety of clinically important diseases, such as MRSA (methicillin-resistant Staphylococcus aureus), VRE (vancomycin-resistant Enterococcus faecalis) and both growing and non-replicating Mycobacterium tuberculosis cells.
Under the research leadership of Dr. Hillman, the company is also developing two proprietary platforms for the identification of genetic targets that can be used in diagnostic tests as well as in vaccines and therapeutics.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: anitbiotics, Biotech, diagnostics, Dr. Jeffrey HIllman, financing, Florida, Oragenics, preventive cavity treatment Posted in Florida, Money | 1 Comment »
Thursday, August 19th, 2010
NORCROSS, GA – American Biosurgical, a company that sells medical cable assemblies, has raised $1.3 million of a targeted $2.5 million equity round, according to a regulatory filing.
The company’s investors include Anda Capital, San Francisco; and M20, a family investment fund.
Founded in 1996, the company has distribution facilities in Atlanta and Los Angeles and a manufacturing plant in Dong Guan, China.
The company disclosed the raise in a filing with the US Securities and Exchange Commission.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: Anda Capital, financing, GA; American Biosurgical, M20, medical cable assemblies, Norcross Posted in Georgia, Money | Comments Off
Thursday, August 19th, 2010
RESEARCH TRIANGLE PARK, NC – MCNC, an independent non-profit organization that employs advanced networking technologies and systems to improve learning and collaboration throughout North Carolina’s K-20 education community, has been awarded $75.75 million in American Recovery and Reinvestment Act (ARRA) Broadband Recovery Funds.
The funds from the National Telecommunications and Information Administration’s (NTIA) Broadband Technology Opportunities Program support the Golden LEAF Rural Broadband Initiative (GLRBI).
This award builds on MCNC’s Round 1 BTOP award, a $39.9 million project (including $28.2 million in BTOP Funds) granted in January 2010 to build 480 miles of fiber in 37 counties in southeastern and western NC.
The GLRBI will enhance the existing North Carolina Research and Education Network (NCREN), which MCNC has operated for the last quarter century, and will add to the existing ERC Broadband Network operated by the non-profit ERC Broadband in western North Carolina.
Approximately 1,300 miles of new middle-mile fiber will be built throughout the state under this latest award. In addition, about 400 miles of existing fiber will be provided to the GLRBI through lease agreements and donations.
The Golden LEAF Foundation Board of Directors awarded $24 million in matching funds for the Round 2 grant. An additional $5.25 million in match was raised from the MCNC endowment, donations of land from individual community colleges and universities, and a donation of already-installed conduit in northeastern North Carolina from the Albemarle Pamlico Economic Development Corp.
MCNC raised $11.7 million in matching funds for its successful Round 1 application through private sources, including $4 million from the MCNC endowment.
The GLRBI expands the NCREN footprint to traverse a total of 69 counties in the rural Northeastern, North Central, Northwest and South Central parts of North Carolina.
Sixty-seven of these counties are designated as rural, according to Federal Highway Administration standards, and are designated as fully or partially underserved with respect to the availability of broadband service.
Tags: ARRA, Broadband Recovery Funds, Golden LEAF, MCNC, NC, NCREN Posted in Carolinas, Government/Defense, Internet/New Media, Money, North Carolina | Comments Off
Thursday, August 19th, 2010
By Joe Procopio
 Joe Procopio
I’ve known Aaron Houghton for a while now, a few years, which is eons in startup time. He’s a solid guy who doesn’t get caught up in the headiness of success and doesn’t get distracted seven different ways trying to revolutionize… well, everything. And when you have a track record and means, it’s not hard to try to do that.
We sat down recently after the big shindig to celebrate the launch of American Underground, kind of notable since iContact, a company he founded with Ryan Allis, is one of the success stories of the renaissance here that made the realization of something like American Underground possible.
Loud Is Necessary
iContact is a startup, and a loud startup at that – a company that makes email marketing software and is growing rapidly both in size and in market share. It’s a hybrid B2B technology play that goes a bit beyond what you might think of standard email marketing. But the point is, it’s not producing some bio-engineered product that no one can pronounce. It’s got visibility.
Aaron isn’t a loud guy, but he believes in the loud. And it’s folks like these that will end up making or breaking the Triangle as a convincing competitive startup hub.
Durham vs. The World
One of the projects Aaron is working on now is directly related to the American Underground shindig that we had just left. DowntownDurhamStartups.com, as the name suggests, is a directory of all the downtown Durham startups and also includes nearby startups in Chapel Hill, Raleigh, and the surrounding cities and towns. When you take a look at it, you’ll see a vibrant array of companies, founders, and industries.
The other company is the one we spent more time talking about. StartUpWithMe.com looks, on the surface, like the gateway to his other project. You sign up, tell them a little bit about yourself, and through a series of questions, they determine if they have a partner for you to start your company with. If not, stay on the line, and sooner or later they’ll find the Woz to your Jobs, or vice versa.
So It’s Match.com For Entrepreneurs?
Sort of, but not really.
StartUpWithMe isn’t based on the matching of ideas. The inspiration behind it is based on the fact that on the way to starting a company, too little attention is paid to partnering and team, and that happens to be the most important factor in a startup’s initial and ongoing survival.
Investors and initial customers put the founders under microscope from very early in the sales cycle – usually, but not always, due to the fact that most of the time the product isn’t fully developed, but the team is complete.
Evaluation of ideaware is a risky business, so the next best thing to do is to size up the players. Ideas also tend to sound alike in the early stages, and differentiators are going to come from implementation and the imagination and ability of the idea handlers.
So It’s eHarmony For Entrepreneurs?
No. Come on now.
StartUpWithMe isn’t looking to match founders based on personality. Just because a terrific marketer and an awesome geek both happen to like long sunset walks on the beach doesn’t necessarily translate into Twitter valuations.
The match is founded on goals, style, and motivation. Things like that.
Are you a lifestyler or a money chaser?
Are you into pay or equity?
Are you tech savvy or business savvy?
Are You Vision or Strategy?
These are important factors. I find I work them into my own decision-making, not only with the people I hire/work with but the clients I take on/work for. When both of us are working towards the same thing, it’s a joy, it’s almost like not working at all. When our vision is divergent, it’s a chore, it’s a job.
And when you’re taking on the risk of founding a startup, chances are one of the reasons you’re doing so is because you’re not that 9-to-5 breed of cat.
Love is Art. Business is Science.
There’s an underlying scientific element that is driving Aaron to make this more than just an individual service, but an ecosystem service as well. These are the drivers that can identify and promote quality entrepreneurs and get them into the right position to succeed.
I can attest to that. Having just one right person in place makes all the difference between an idea that stays on paper and one that gets modeled and becomes reality. And if you can get a lead on this person without having to start and fail a dozen companies along the way because of an incompatible match, then this is a very valuable, and loud, thing.
Joe Procopio is the founder of Intrepid Company, a technical and management consulting firm (intrepidcompany.com) that has spun out publishing company/creative network Intrepid Media (intrepidmedia.com) and digital incubator ExitEvent (exitevent.com). Joe only wound up starting a company after a number of awkward dinners and several dozen delivered roses with apology notes attached. He can be reached at joe@intrepidcompany.com or twitter @jproco.
Editor’s note: TechJournal South uses iContact to deliver its daily eWire.
Tags: Aaron Houghton, DowntownDurhamstartups, iContact co-foudner, Joe Procopio, Ryan Allis, StartupWithMe Posted in Carolinas, Columns, North Carolina, Viewpoint | Comments Off
Wednesday, August 18th, 2010
 Robert Marshall, CEO, WeatherBug
By Allan Maurer
GERMANTOWN, MD – Weatherbug is one of the most successful sites on the web, in the top ten in the news and information category with 32 million unique monthly users. But while the web is not going away, it is going mobile, and Robert S. Marshall, founder and CEO of WeatherBug, says he agrees that “Mobile is the new standard.”
“Mobile has been a big focus for us for a long time,” Marshall says. “Weather information is the top content area used by consumers on mobile devices.”
Smartphones are driving a lot of the web going mobile sector, he notes. “Our usages statistics are significantly greater on smartphones,” he says. “They’re fast, offer a great user experience and people are becoming accustomed to them.”
Out in front on mobile
Marshall says the company is out in front on mobile already. Available on every smartphone platform, It has 12 million unique monthly users on mobile devices and is the 13th top mobile property.
“Our traffic of unique users has grown 185 percent year over year and the vast majority is coming from smartphone platforms. Android platforms have really accelerated and caught up to iPhones much faster than I thought they would, although we’ve had a success story with the iPhone as well.”
While some content is not particularly suited to a phone’s small screen, “Weather information certainly is,” he adds.
The proliferation of new hybrid devices such as the iPad and other tablet computers is another reason mobile is becoming a new standard way for people to access the web, he says.
Nothing more local than weather
The company, which makes its money via advertising, can offer something special to those using it to present marketing messages. “Weather is all geographically targeted,” Marshall says. “There is no better geographically located content than weather.” So WeatherBug can offer geographically precise targeting.
Founded in 1992, WeatherBug started in the education market by pioneering a program that included the installation of professional-grade automated weather stations at schools to help teachers apply real-world technology for math, science and geography curriculum. The schools were networked together to provide visibility into nationwide weather conditions and the WeatherBug Network began to form.
In 2000, WeatherBug launched the free desktop application, offering PC users live local current conditions and severe weather alerts right in their system tray. Within eight months of launch, 1.5 million users had downloaded the application, and since then WeatherBug has become one of the most popular desktop weather software ever with more than 78 million registered users.
We asked if WeatherBug has to maintain infrastructure to handle increased traffic during major storms and weather events. “It does have to handle those peaks,” Marshall says, but adds that the increase in traffic is not as big as one might think on a percentage basis.
“Even on normal days, people check the weather.”
Nevertheless, WeatherBug’s data centers handle humongous levels of traffic: 20,000 connections every second, 3 billion connections a day.
Advice: content still king
While Marshall admits that the company’s investors want to move toward an event that provides liquidity, “We’re growing, profitable and producing cash,” so the company is focused on delivering a great user experience whenever and wherever a consumer wants it, he says.
One of the things that separates WeatherBug from its competitors, Marshall points out, is its proprietary hyper local weather reporting system.
We asked Marshall what advice he would give to an entrepreneur starting out in the digital realm today. “At the end of the day, content is is king,” he says. “You have to find content large numbers of people want ot consume and then design and develop delivery platforms to give superior user experience fast and when they want it.
“Do that effectively, grow your user base, and you when you achieve the proper level of scale, you monetize and create a business.”
Marshall is one of more than 50 digital industry luminaries, entrepreneurs, executives, and venture capitalists participating in the first Digital East event at Tysons Corner, VA, Oct. 18.
Tags: Digital East, mobile, Robert Marshall, WeatherBug Posted in Events, Internet/New Media, Potomac, Virginia | Comments Off
Wednesday, August 18th, 2010
COLUMBIA, SC - SCRA, the University of South Carolina (USC) and the City of Columbia are holding a grand opening ceremony Thursday for the SCRA USC Innovation Center, Columbia.
The fully-renovated facility houses knowledge-based companies emerging from research at the University of South Carolina and the general marketplace which are entering commercialization and advanced manufacturing stages. The facility is situated and designed to stimulate and sustain clean, next-generation manufacturing, along with related development and support services.
It is the second of three facilities SCRA is providing in conjunction with its university and civic partners in South Carolina to grow the knowledge economy in the state.
“This facility is a knowledge-based technology cornerstone to serve start-up companies with intellectual property coming out of USC as well as the private sector,” said Bill Mahoney, SCRA CEO.
Wachovia is providing financing for the SCRA USC Innovation Center.
At the grand opening Thursday, Mahoney will also present SCRA “Knowledge Economist” awards to: South Carolina Representative Joan B. Brady; Dr. James L. Hudgins; Thomas E. Persons, Sr. and Dr. Barry W. Russell.
Drs. Hudgins and Russell have both served as presidents of Midlands Technical College, and as head of the South Carolina Technical College System.
Brady has been a strong advocate of Knowledge Economy initiatives, both with SCRA and EngenuitySC.
Persons is CEO and President of the South Carolina Technology Alliance, which provides collaboration opportunities among the state’s business, academic, economic development and legislative leaders. His organization also assists in developing workforce skills for knowledge-based entrepreneurial companies.
The SCRA Knowledge Economist Award Program recognizes outstanding citizens who have
made significant contributions to South Carolina’s Knowledge Economy
Tags: Columbia, Dr. Barry W. Russell, Knowledge Economist awards, SC, SCRA, South Carolina Representative Joan B. Brady; Dr. James L. Hudgins; Thomas E. Persons, Sr., USC Innovation Center opens Posted in Carolinas, Economic Development, People, South Carolina | Comments Off
Wednesday, August 18th, 2010
ATLANTA – Liaison Technologies, a global provider of integration and data management services and solutions, announced today the acquisition of privately-held Softshare, an innovative integration solutions provider. Financial details were not disclosed.
The transaction strengthens Liaison’s premier global offerings, which are specifically focused on flexible integration and data management services.
Based in Santa Barbara, CA, Softshare provides both software and SaaS-based integration solutions to almost 2,000 customers world-wide, and its EDI Notepad application is currently used in over 80 countries.
Headquartered in Atlanta, Liaison also has offices in the Netherlands, Finland, Sweden and the United Kingdom.
Tags: acquistion, Atlanta, Georgia, Liaison acquires Softshare Posted in Acquisitions, Georgia, IT | Comments Off
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