Posts Tagged ‘digital media’
Wednesday, June 12th, 2013
A workforce trends report, issued today by the Metro Atlanta Chamber (MAC), shows that the city is becoming a “digital media super hub,” with nearly twice the digital media job openings per capita as the rest of the nation. It is also strong in mobile technology, healthcare IT, and logistics.
The Chamber says overall online job postings in metro Atlanta have grown 4.5 times faster than postings nationally in the areas of supply chain and logistics, technology and bioscience.
“The report gives us confirmation of where the jobs are, and the growth of metro Atlanta’s key industries,” said Phil Martens, CEO of Novelis, Inc., and chair of MAC’s Workforce Council. “MAC has its finger on the pulse of job activity in metro Atlanta.”
MAC’s Workforce Council commissioned Burning Glass International, a labor data firm, to review all advertised job openings in key strategic industries from May 2012-May 2013 in the 28-county metro Atlanta statistical area.
Digital media super hub
Metro Atlanta is establishing itself as a digital media super hub with almost twice as many digital media job postings per capita as the rest of the nation. There were more than 28,000 digital media job postings in the last 12 months, which represents 48 percent growth in advertised positions over the last two years.
Supply chain/logistics/distribution job postings grew nationally at a rate of 36 percent from 2010 – 2012. However, in metro Atlanta that growth rate was 115 percent over the same period.
There were also large spikes in recruitment in other MAC targeted industries. There was a 202% increase in the number of advertised positions in the mobility sector from 2010 – 2012. And as the nation’s health IT capital, Atlanta continues to surge with 167% growth in health IT-related job postings over the same period.
Martens added, “The goal of this report was to assess the demand for talent, and then determine the skills needed to fill the positions.”
“One of the most significant findings of the report showed that in 2010, there were 247,283 total jobs posted in metro Atlanta in all sectors. In 2012, there were 410,571, a 60 percent increase,” said Sam A. Williams, MAC president. “The increase demonstrates that metro Atlanta continues to be a thriving hub for business, especially in key industry sectors.”
Workforce database available
In tandem with the Workforce Trends Report, MAC also launched a workforce database. The site is geared toward the CEO, CIO, HR professional or other senior staffer involved in hiring and staffing, but casual browsers are also welcomed.
This inventory is the largest and most comprehensive listing of those resources for several of the fastest-growing industry sectors in the region. These include: digital media and gaming, financial transactions processing, healthcare IT, internet security, logistics/distribution, software development, supply chain software and wireless/mobility.
“Between the report and the database, we now know where the growing jobs are and the skills needed to fill those positions,” saidScott Burton, managing director at Whitaker-Taylor, and MAC’s Workforce Council co-chair. “Our goal with the database is to link employers to tools that can help fill job openings with talented, capable employees. The exact talent we need to grow our company.”
The database was developed by MAC’s Workforce Council, in partnership with the Atlanta Regional Commission’s Workforce Solutions team, and can be accessed at: http://www.metroatlantachamber.com/economic-development/workforce-development
Wednesday, February 20th, 2013
By Allan Maurer
The mobile app economy is a big deal right now, with app developers commanding higher than average salaries and companies stumbling over each other to get on the mobile bandwagon. But, in five years, says Ron Shah, vice president at the Stripes Group venture firm, “many people will bypass apps altogether.”
By then, Shah says, “Just accessing the web on your phone will be so much better you won’t need 79 apps. Consumers will want to download apps less and less and just things on the open web.”
Also, he notes, “Two app stores now have a chokehold on user capabilities. That’s an unnatural place to be. Companies don’t want Apple or Google sitting between them and their customers.”
Shah is focused on sourcing and executing technology, software and internet investments as well as strategy and business development with portfolio companies at Stripes, which closed its current $350 million fund early in 2012.
Participating in the Southeast Venture Conference in March
Shah is actively involved with the firm’s investments in Kareo, Netbiscuits, eMarketer, Elance, MyWebGrocer, Art.com, Folica and Perimeter.
Prior to joining Stripes Group, Ron co-founded Endgame Capital, which focuses on land investment and development in the mid-Atlantic region.
People networking at a previous Southeast Venture Conference.
He’s one of more than two-dozen venture capitalists and investors participating in the upcoming Southeast Venture Conference in Charlotte, NC, March 13-14.
Shah will talk about the merger and acquisitions environment in areas where he has expertise at the event. “We’ve invested in several companies providing deep technologically integrated services in various industries,” he says.
He expects to see media companies, which made a round of acquisitions three or four years ago, to be looking to buy again. “They’re coming up on another cycle where they need to buy again to service their customers.”
Avoiding the Deathstar approach to software
He adds, “There’s a lot of pressure for those guys to figure out how to service existing relationships in a world that looks very different from ten years ago. They need to know what customers are consuming, how they consume and so on.”
Another big trend he sees in M&A is in SaaS. “We’ve seen significant acquisitions of SaaS companies by the big guys – Oracle, IBM, SAP, Salesforce all bought several. They realize their clients are not in spending millions on the Deathstar approach to building software. People are coming from the bottom end and taking revenue from them, so they need to acquire to have cost effective offerings.”
He also notes that “In Enterprise technology, buyers have been aggressive with the evaluations they’ve been paying in core areas such as customer relationship and talent management and business intelligence.”
They can all be consolidated to some extent, he says. “We saw some of that in the marketing automation space. Then the larger players ended up getting bought: Buddy Media by Salesforce, Vitrue by Oracle.”
A process of consolidation
It’s a process, he explains. “Companies spring up in the venture space and rise to the forefront in a typical category. They buy smaller companies with innovative features. Then, if they’re playing in an interesting category, the big tech guys will buy them.”
Even after that big step in consolidation, three or four years later some of the big players realize they don’t have the right play in a category and “The cycle starts all over again,” says Shah.
Next he says mobile device analytics is likely to see some consolidation. “A lot of the core tech companies feel the need to bolster their offerings,” Shah notes.
That interest is fanned by a couple of macro trends. “People are spending less time on print and more on the web, no one can deny that, and within that, they’re spending more time on mobile devices.”
The natural conclusion? “Ad dollars will slowly migrate there because that’s where the eyeballs are, on smartphones and tablets.”
Wednesday, March 21st, 2012
The American Society of Magazine Editors (ASME) and the Columbia University Graduate School of Journalism has named the winners of the 2012 National Magazine Awards for Digital Media. Winners include “The Daily Beast,” “Time,” “Wired,” “National Geographic” and “MensHealth.”
The National Magazine Awards for Digital Media were presented in conjunction with “MPA Digital: Swipe,” the premier conference for magazine editors and publishers focusing on tablets, e-readers, smartphones and apps. The presentation of the awards was sponsored by Adobe.
The winners of the National Magazine Awards for Digital Media — known as the Digital Ellies for the Alexander Calder stabile “Elephant,” which is presented to each winner — included nine titles.
We noticed that smaller sites and publications are almost completely ignored in this competition. For years, we helped wade though nominations for a major annual online awards program and some of the smaller, independent sites gave larger major media efforts a run for their money and even win in some categories. Not so here.
New York won the General Excellence and Website awards; Wired won the Reporting and Design awards. Other winners were The American Scholar, The Daily Beast, Foreign Policy, Men’s Health, National Geographic, The New York Times Magazine and TIME.
Foreign Policy and The New York Times Magazine have now won Digital Ellies in each of the three years since the program was established as part of the National Magazine Awards in 2010. New York also won the Digital Ellie for General Excellence in 2010.
Ninety industry leaders served as Digital Ellies judges. James B. Meigs, editor-in-chief of Popular Mechanics and Editorial Director of the Hearst Men’s Enthusiast Group, chaired the judging.
The winners of the 2012 National Magazine Awards for Digital Media are:
General Excellence, Digital Media
Honors the best magazines published on digital platforms
Adam Moss, Editor-in-Chief
Ben Williams, Editorial Director, nymag.com
Honors the best magazine websites
Adam Moss, Editor-in-Chief
Ben Williams, Editorial Director, nymag.com
Honors magazine editions published on tablets and e-readers
Chris Johns, Editor-in-Chief
Bill Marr, Creative Director
Melissa Wiley, E-Publishing Director
Design, Digital Media
Honors magazine websites, tablet and e-reader editions and utility apps for visual and functional excellence
Chris Anderson, Editor-in-Chief
Brandon Kavulla, Creative Director
For “Underworld Issue,” February 2011, iPad App
Honors a department, channel or microsite
The Daily Beast
Tina Brown, Editor-in-Chief Newsweek and The Daily Beast
For “Book Beast”
Honors single-purpose apps distributed on mobile devices, including tablets and smartphones
Richard Stengel, Managing Editor
For “PopuList” iPad Apps
Personal Service, Digital Media
Honors service journalism on digital platforms
David Zinczenko, Senior Vice President, Editor-in-Chief
William G. Phillips, Editor
For “The Skin Cancer Center,” by Adam Campbell, Executive Editor, and Amy Rushlow, Senior Editor
Reporting, Digital Media
Honors excellence in reporting for digital media
Chris Anderson, Editor-in-Chief
Noah Shachtman, Digital Editor
For “FBI Teaches Agents: ‘Mainstream’ Muslims Are ‘Violent, Radical,’” by Spencer Ackerman, Senior Writer
Commentary, Digital Media
Honors excellence in opinion journalism on digital platforms
The American Scholar
Robert Wilson, Editor
For “Zinsser on Friday,” by William Zinsser
Honors the use of interactivity and multimedia in the coverage of an event or subject
Susan B. Glasser, Editor-in-Chief
For “The Qaddafi Files: An FP Special Report”
Honors the outstanding use of video by magazines
The New York Times Magazine
Hugo Lindgren, Editor-in-Chief
For “My Family’s Experiment in Extreme Schooling,” by Julie Dressner, Shayla Harris and Clifford J. Levy
The American Society of Magazine Editors is the principal organization for magazine journalists in the United States. ASME members include the editorial leaders of most major consumer and business magazines published in print and online. Founded in 1963, ASME works to defend the First Amendment, protect editorial independence and support the development of journalism.
Friday, November 18th, 2011
MOUNTAIN VIEW, CA – Fenwick & West,a law firms providing comprehensive legal services to high technology and life science clients says the results of its Third Quarter 2011 Silicon Valley Venture Capital Survey shows strong valuations for venture financings continued during the third quarter in the Valley. Internet, digital media and software firms performed best.
The Third Quarter 2011 survey analyzed the valuations and terms of venture financings for 113 technology and life science companies headquartered in the Silicon Valley that reported raising capital in the third quarter of 2011.
Up rounds exceeded down rounds
“During the third quarter of 2011, up rounds exceeded down rounds 70% to 15% with 15% flat. This was an increase from the second quarter of 2011, when up rounds exceeded down rounds 61% to 25%, with 14% flat.
Series B rounds were especially strong with 89% up rounds. The was the ninth consecutive quarter in which up rounds exceeded down rounds,” said Barry Kramer, partner in the Corporate Group of Fenwick & West and co-author of the survey.
An up round is one in which the price per share at which a company sells its stock has increased since its prior financing round. Conversely, a down round is one in which the price per share has declined since a company’s prior financing round.
The Fenwick & West Venture Capital Barometer™ – which measures the change in share price of Silicon Valley companies funded during the quarter compared with the share price of their previous financing round – showed a 69% average price increase for the quarter, a slight decrease from the 71% reported in the second quarter of 2011.
Additionally, one of the companies in the internet/digital media industry had a 1,500% up round, and were this company excluded the Barometer would have been 54% for the quarter.
“This was also the ninth consecutive quarter in which the Venture Capital Barometer was positive,” said Kramer.
Internet, digital media, software best performing
“The best performing industries in the quarter from a valuation perspective were internet/digital media and software (including a significant number of “software as a service” companies and companies building applications for mobile devices), which substantially outpaced the other industries, followed by hardware and cleantech, while the life science industry continued to lag,” added Michael Patrick, partner in the Corporate Group of Fenwick & West and co-author of the survey.
“The third quarter of 2011 was a mixed quarter for the venture capital industry, with healthy valuations, solid amounts of investing and an improved M&A environment. However fundraising by venture funds, IPOs, venture capitalists’ confidence level and Nasdaq, were all off significantly.
Nasdaq has recovered significantly in 4Q11 to date, and Groupon had a successful IPO, but the macro environment continues to be unpredictable, and accordingly the future direction of the venture environment is uncertain,” added Patrick.
Both venture capitalists and entrepreneurs tells us that valuations on the East Coast and the Southeast are not on a par with those on the West Coast, particularly in Silicon Valley. Perhaps that will bring more West Coast VCs into the heartland and the opposite coast to hunt deals, but they do seem to have an aversion to too many cross-country flights.
Complete results of the survey with related discussion are posted on Fenwick & West’s website atwww.fenwick.com/vctrends.htm.
Thursday, July 21st, 2011
CHICAGO – Is there a tech boom or are we in another tech bubble? That’s the question that pops up in the face of extremely high valuations for digital media companies, particularly on the West Coast, and whenever a no-profits company such as Linkedin or Pandora launches an IPO. Sean Harper, CEO of Chicago-based FeeFighters.com, a firm that is like a LendingTree for small businesses looking for services such as credit card processing, says he doesn’t think were in another tech bubble.
“The biggest valuations are similar to those in the bubble era,” he tells the TechJournal, but, he adds, “The companies now have way, way more traction. Companies such as Zynga and Groupon have lots of users and revenues. That’s our perspective,” he says, following the data FeeFighters collected to make the infographic below. “Others could look at the same data and come to the opposite conclusion,” he says.
FeeFighters, a seven employee firm founded in 2009, has raised $1.5 million in backing. It’s provides a shopping platform to help small businesses get better deals on credit card processing, insurance and other financial services. What do you think? Are we in a tech boom or headed for a tech bust? Here’s the inforgraphic:
Friday, October 15th, 2010
Jeff Wood, CEO, AIMatch
By Allan Maurer
RALEIGH, NC – Although it’s only been six months since its founding, aiMatch, whose technology delivers a single solution for publishers to create, forecast, deliver and analyze their online media, is landing customers such as top picture and video sharing site Photobucket. “We didn’t anticipate being this far along in six months,” says aiMatch CEO Jeff Wood.
(For TechJournal South’s profile of aiMatch see: aiMatch ready for digital ad explosion.)
He attributes the company’s early success to its focus on an area of digital advertising with a strong need and the “exponential” growth of digital advertising.
That growth, says Wood, is fueled by both the proliferation of devices on which people access digital media, and the rivers of data they’re creating. After a recessionary pause last year, digital advertising has resumed double digit growth, according to the Internet Advertising Bureau.
“There are so many more ways digital media can be used now,” Wood says, “on iPads, phones, tablet devices.”
On top of that, new ways of using the devices for location-based targeting and through social media, present marketers with challenges, he adds. “The amount of data that can be used to be more effective and the digital media you can use are growing exponentially,” he says. “That creates challenges, but also opportunities for a company like ours.”
Now it’s really taking off
Wood says all the complexity and growth throwing new challenges at aiMatch makes it “Fun to be in the industry right now. It moved fast during the first ten years, but now it has really taken off.”
Essentially, Woods says, aiMatch has taken tools that already exist but previously required using three or four different products and combined them and simplified their use. “That removes the complexity of integrating multiple databases, multiple programs, and different terminology,” he says.
But, he notes, getting a handle on digital media “Is always going to be a moving target. There are so many ways of tracking effectiveness. One company has come up with 100 different buzz factors of things that go viral. We think about the scale of all that every day and how to simply it so it can be used.”
The consumer privacy question
Another factor in the business is the question of consumer privacy. Wood thinks the industry is moving toward self-regulation. He sees large firms, at least, moving toward strong privacy policies and opt-out options. “The industry will be better off if it’s self-regulated,” he says. “The government doesn’t understand our industry and could make mistakes that would hurt the Internet economy.”
Wood does see plenty of activity in the digital media marketing sector. “There seem to be a good amount of companies funded in our industry and a good number of job openings.”
One reason is that it doesn’t take a fortune to start an Internet company these days. “A company can use the latest technology to start and test their ideas in ways that don’t need so much upfront cash,” he says. “We used a lot of those technologies ourselves to avoid the need to take large investments.”
We asked him who the big spenders are in digital media these days.
“Who isn’t spending on digital?” he replied. “Everyone is trying to find their angle to get into online advertising.”
A look at old and new tools at the Internet Summit
Woods is one of more than 100 Internet experts, thought leaders, executives, and entrepreneurs and 1,000 attendees expected at the upcoming Internet Summit in Raleigh, NC, Nov. 17-18.
“I’m going to cover the evolution of online advertising, going back 15 years and walk through the changes, then discuss some of the challenges for the future and how much more complex it is getting and what to do about that. I’ll talk about the tools used in the past and the tools we’re using now that let us handle scale.”
Previoulsy on TJS:
Monday, April 26th, 2010
By Allan Maurer
Greg Foster, who left Atlanta venture firm Noro-Moseley Partners last September, says he’s in no hurry to take another full time gig.
“When I left Noro Moseley, I was determined to take a little time off,” he tells us. “I wanted to spend some time with our son and we’re expecting another child in a month.”
Greg Foster left Noro Moseley last September
after the VC firm shifted away from Digital Media
“I’m still looking for the next thing,” he tells us.
“I’ve debated, do I want to do something entrepreneurial and really run something? I’ve turned some things down and I’m being patient. It looks like the market is coming back.”
He certainly cannot be described as inactive, though. He’s working in an advisory capacity with several startups he had relationships with that he says were not necessarily a good fit for Noro-Moseley.
He’s also changed from holding board seats on several firms via his relationship with Noro-Moseley to independent advisory board roles with companies such as Atlanta’s Play on! Sports, a Turner spinout focused on the high school arena, Research Triangle-based StatSheet, and Atlanta’s Clearleap, which is poised to take advantage of the convergence of video across multiple platforms.
Foster says he’s also spending time in Chicago working with the popular online humor publication, The Onion.
Foster was previously VP of Corporate Development at Turner Broadcasting. Turner had bought his company, Southern Direct, an e-commerce platform for cable networks. His background equipped him to look at the digital media world from multiple angles.
Sweet Fun: Foster says joining the board of satire site, The Onion, was life achievement wise, up there with his 2nd place finish in the 4th grade science fair.
Where is digital media headed?
He wonders where digital media is headed. “The question is whether pure advertising supported plays are going to be an acceptable model to build the kind of scale venture investors are looking for. How much money do you have to spend to get to scale and even then, how much money can you make?” he asks.
“I’ve seen the graph where digital media advertising crosses over print this year,” he says. “But looking at the supply increase (of available digital ad inventory) over the same period, I wonder if supply has increased on that curve or steeper.”
Much Digital advertising is sold on cost per thousand impressions –CPM–as opposed to pay for performance, such as click-through or purchase.
New models needed
If excess inventory drives down the CPM rate for everyone, even larger publishers can have a hard time selling inventory at a decent rate, he notes. Smaller online publishers without the kind of large traffic that allows ad networks to sell space to large buyers such as Coke, have an even rougher go.
So, he says, firms such as Play On! Sports, a company focused on coverage of high school sports, are an example of a new kind of business model. “They make money on the ad side, but also on distribution. They monetize their content in different ways, the same kind of hedging that old media companies such as cable have been using for years.”
You might find Greg hanging out at the OK Café
along with other players in the startup ecosystem.
So, while companies such as Facebook have so much scale they can grow on that basis, most digital media startups looking at an ad-based model “Need to look for something to hedge that,” says Foster. “StatSheet, for instance, uses both an ad play and a licensing play.”
Advertising not a bad word
He says regional media companies that have a great name in the community and good relationships need to find other income streams such as putting on events. “The Southeast Venture Conference is a good example,” he says. “People assume TechJournal South will have good people at its events.”
Some pure ad plays will still get funding, he says, “But there are not going to be as many of those. It’s harder to raise capital early on.”
Despite that, he says, “There’s a burgeoning community of really smart folks coalescing around a host of digital media deals.”
He says he advises digital media companies that “Advertising is not a bad word. All the measurements indicate that significant money is flowing into the digital world. But venture capitalists want to see a hedge against times like we’re in right now.”
He notes that a number of new events are aimed at entrepreneurs and the tech community. “There is a small but growing ‘Twitterati’ in Atlanta,” he says. “In a few minutes, I can find out what’s going on.”
Foster says one of the top spots to mingle with the startup community is The 5th Street Starbucks near Tech Square in Atlanta.
Where the entrepreneurs are
He says you can find many of Atlanta’s movers and shakers in the entrepreneurial and tech community hanging out at the Starbucks near Tech Square in Midtown. “That’s a hot place to see startup folks if you just want to walk in and see some,” he says.
Goldbergs and the OK Café attract a lot of people from the startup ecosystem, he says, such as lawyers, CEOs, and dealmakers. On the West side, he says he also likes West Egg, a breakfast focused restaurant that serves breakfast and Southern fare for lunch.
Octane, another coffee shop on the West side is “cool and hip,” he says. “You’ll see people building business plans or coding.”
Foster says a new generation of business and technology leaders taking the reins in the city now with assistance from the old guard such as Ben Dyer, Sig Mosley of Imlay Investments and others. “Maybe we’ll look back in 15-20 years and says, ‘That’s the point where the new guard took over.’ I think it’s a call to action. We need to keep this going and lead the parade. It may not be one or two persons, but a whole host of people.”
Reprinted from our sister publication: www.TechViewAtlanta.com
Monday, March 8th, 2010
ESP Systems monitoring screen
CHARLOTTE, NC – ESP Systems has raised $789,400 of a targeted $2.5 million equity and options raise, according to a regulatory filing. The company sells a digital media system that creates a wireless “bubble” over an entire restaurant, connecting customers, servers, hosts and the kitchen.
The company launched the product in 2005 and has seven restaurant chains as clients, including Applebees.
A device sits on customer’s tables allowing them to summon wait staff. A central screen connects a manager to the entire operation.
The industry bandies about the figure that 13 percent of restaurant diners won’t return to a given establishment due to service issues. The company says most diners use the device once on average during a restaurant visit, but that even those who don’t report liking that it’s there.
It’s certainly one of the major reasons we decide whether or not to go back to a restaurant. We haven’t had the chance to use one of ESP’s devices as yet, but as their research shows, it we would certainly like knowing one was available when the wait staff forgets to bring cream for the coffee, refill our drinks, or bring another round of bread.
The patented system also collects data managers can use to hone service and its 2.0 system can also present targeted advertising to diners. It covers virtually any sized establishment.
The company says it boosts both staff productivity and customer satisfaction.
While the firm is focused on national restaurant chains and gaming casinos, it says it has received inquires from other verticals, particularly in healthcare and in other hospitality venues.
The company disclosed the current raise in a filing with the U.S. Securities and Exchange Commission. It cites 19 investors in the round so far.
Monday, March 1st, 2010
ATLANTA -MedCAREERS GROUP Inc. (OTC:MCGI) has agreed to acquire the business operations and assets of MedCAREERS.com.
We did not see any financial details.
In connection with the acquisition, MedCAREERS GROUP will retain Benjamin Kealy as President of the MedCAREERS.com business unit.
MedCAREERS.com is a job posting website for medical related jobs and formerly powered the job board for WebMD. MedCAREERS GROUP intends to expand the offerings of MedCAREERS.com to include a full line of services to healthcare professionals and the healthcare industry, including information on medical malpractice insurance and other industry information.
Notus Digital Network Corp Acquired by ConnectedMedia Technologies Inc.
MIAMI – ConnectedMedia Technologies Inc. (OTCPK: XCHC), a Miami-based digital multimedia firm targeting the US Hispanic market, and a wholly-owned subsidiary of X-Change Corporation, has acquired 52% of Notus Digital Network Corp, an Internet technology company dedicated to video-on-demand solutions for online and mobile devices.
Financial details were not disclosed.
The company has developed the NotusWOW platform which integrates providers of Spanish content together with advertisers and is able to track online video advertising campaigns on web and mobile devices with its proprietary technology.
Notus.tv, a portal soon to be offered by Notus Digital Network Corp, will provide users the opportunity to watch recent and archived Spanish TV programming, free of charge, on the Internet and mobile PDA devices.