Posts Tagged ‘MD’
Monday, February 7th, 2011
 COLLEGE PARK, MD – Pixelligent Technologies, a company developing nanotechnology applications in optical lithography and nanocomposites for the semiconductor and microelectronics markets, has rasied $425,000 in equity, according to a regulatory filing.
The 2006 former Maryland Incubator of the Year nanotechnology company raised $2 million from angel investors, a West Coast entrepreneur, and the company’s management team in 2009.
Founded in 2000, it has also received $8.2 million in grants from the National Institute of Standards and Technology and the National Science Foundation, which is very significant federal grant money.
The company says its technologies extend the use of current chip manufacturing technology, promising improved performance and cost savings for chip makers.
It has also developed a process to enhance phtoelectrochemical hydrogen production while increasing the reliability of the process. This breakthrough could result in significantly cheaper fuel that could be used in many applications including, powering vehicles.
Tags: chip tech, College Park, financing, hydrogen fuel, MD, nanotechnology, Pixelligent Technologies
Posted in Maryland, Nanotech, Potomac | Comments Off
Thursday, February 3rd, 2011
 BALTIMORE, MD – Ontario-based Open Text Corp. has agreed to a merger of Baltimore-based Metastorm and one of its subsidiaries in a deal worth $182 million.
Metastorm sells business process management, analysis and enterprise architecture software.
Metastorm stockholders will get $182 million in cash.
“Metastorm will add complementary technology and expertise that enhances our ECM solutions portfolio,” said John Shackleton, president and CEO of OpenText.
The deal is expected to close in the third quarter.
Tags: acquisition, Baltimore, MD, Metastorm, Ontario, OpenText
Posted in Acquisitions, IT, Maryland, Potomac | Comments Off
Thursday, February 3rd, 2011
 ROCKVILLE, MD – Clean Currents Inc., which sells wind and solar power technology and supplies wind-sourced electricity to home owners and businesses, has raised $1.43 million of a $1.75 million offering it expects to complete in the next 30 days, according to a regulatory filing.
The firm has over 7,000 commercial and residential customers.
Residents of Maryland, Delaware, Washington DC, or Pennsylvania, you can choose their electric supplier. Clean Currents provides electricity sourced from clean wind power.
It also does solar installations.
The company’s management team, cited in the filing with the US Securities and Exchange Commission disclosing the raise, are veterans of the green tech field.
CEO Charles A. Sergerman was previously director of Green Development for the Tower real estate company in the DC region. He was project manager for the Rockville Tower building, one of the Potomac region’s first large-scale green structures.
C0-founder Gary Skulnik created the Clean Energy Partnership in 2004 and has worked for Greenpeace, Sierra Club and the Chesapeake Climate Action Network.
Tags: Charles A. Sergerman, Clean Currents, DC, financing, Gary Skulnik, MD, Rockville, wind and solar power
Posted in Energy, Maryland, Money, Potomac, Washington, DC | Comments Off
Wednesday, February 2nd, 2011
 NGB's technology makes fuel from plants and other sources COLUMBIA, MD – New Generation Biofuels Holdings Inc. (OTCQB: NGBF), a clean energy company deploying technologies to produce cleaner, renewable biofuels, announced today that it has entered into a definitive agreement with a limited number of institutional investors for the placement of Senior Secured Convertible Promissory Notes totaling $1 million.
Miles F. Mahoney, president and CEO, said, “This new infusion of capital will allow us to take several important near-term steps toward establishing value-added alliances with technology partners, feedstock suppliers and strategic customers.”
He added, “Chief among these are making fuel deliveries under our existing contracts; demonstrating a repeat-delivery cycle with our technology to produce a cleaner burning renewable product; and initiating feasibility studies of new, lower-cost feedstocks that have the potential to result in positive margins regardless of government incentives
Tags: Columbia, Energy, financing, MD, New Generation Biofuels
Posted in Energy, Maryland, Money, Potomac | Comments Off
Thursday, January 20th, 2011
 LANHAM, MD -Lanham, MD-based Optoro has closed a $1.85 million Series A financing from Durham, NC-based SJF Ventures, QED Investors and Phil Pfeffer of Treemont Capital. Optoro sells comprehensive asset recovery solutions for the distressed inventory of retailers, manufacturers and 3rd party providers.
Optoro was founded in 2004 to remarket the idle assets of businesses by leveraging the buying power of millions of online shoppers. It evolved from exclusively an eBay reseller to multi-channel online asset recovery with proprietary software and remarketing algorithms. Currently, Optoro provides our scalable solutions to clients ranging from mid-sized online retailers to large publicly-traded manufacturers.
Optoro specializes in direct-to-consumer remarketing of customer returns, overstock and refurbished products. Its services include reporting & analytics, warehousing & fulfillment, inspection & testing, research & marketing and eco-friendly product disposal.
Optoro says its solution recovers significantly greater value than through a traditional liquidator and is scalable for clients ranging from mid-sized online retailers to large publicly-traded manufacturers.
“Optoro is quickly becoming a leading direct-to-consumer remarketing platform for the reverse supply chain,” said David Griest, managing director at SJF Ventures.
“With over $100 billion of distressed inventory annually in the U.S., Optoro is disintermediating the conventional middlemen and providing higher returns with fully transparent visibility and data analytics for its clients.”
Tags: distressed inventory recovery, Durham, Lanham, MD, NC, Opturo, Phil Pfeffer, QED Investors, retail, SJF Ventures, Treemont Capital
Posted in Carolinas, Internet/New Media, Marketing, Maryland, Money, North Carolina, Potomac | Comments Off
Monday, January 17th, 2011
 BETHESDA, MD – Kajeet, a company formed when its three founder-fathers discussed how kids, cell phones, and parents could work best, has raised $18 million in new backing, according to a regulatory filing.
Kajeet (spelled with a small “k,” launched its pay-as-you-go for kids with parental controls in 2007. It lets tweens, teens and parents configure their phones to fit their needs. CEO Daniel Neal founded the company in 2003.
The company has raised a total of about $80 million in venture funding from investors who include Draper Fisher Jurvetson Growth Fund, Bessemer Venture Partners, Fidelity Ventures, Gabriel Venture Partners, InterWest Partners, BlueCrest Capital Finance, and Jefferson Growth Fund.
The company presented at TechJournal South’s 2008 Southeast Venture Conference. (SEVC).
The 2010 SEVC is set for Atlanta March 2-3.
The kajeet phone’s features include the Configurator, which lets parents decide when kids can use their phone, and allows them to turn surfing on or off, IMs on or off, picture mail and other such features on or off. “It adjusts to your needs,” says Neal.
Neal, who has substantial telecom experience, says the idea for kajeet first stuck him while he was working for Sprint in 1996-97 when he started thinking about kids and cell phones. At the time, he did not have children. But it went onto a back burner as he went off to launch U.S. Internetworking Inc., and later run VCampus Corp. a public e-learning company, and had children of his own.
“I kept thinking about it. I saw the market evolve. Three to five major players are contending for the mass market. But that leaves open these sizeable niches. Our sweet spot is ages 11-16,” he told us in an interview in 2008.
The company disclosed the latest financing in a filing with the US Securities and Exchange Commission. Principals named in the filing inlcuded Randy Glein of DFJ and Frederick W.W. Bolander of Gabriel Venture Partners.
Tags: and Jefferson Growth Fund., Bessemer Venture Partners, Bethesda, BlueCrest Capital Finance, Draper Fisher Jurvetson Growth Fund, Fidelity Ventures, financing, Gabriel Venture Partners, InterWest Partners, kajeet, MD, pay-as-you-go kid's phone service, Southeast Venture Conference
Posted in Internet/New Media, Money, Potomac, Washington, DC | 1 Comment »
Friday, January 14th, 2011
 COLUMBIA, MD – Merkle Group Inc., one of the nation’s largest database marketing agencies, has closed on a $2.8 million equity round, according to a regulatory filing.
The customer relationship marketing firm raised a whopping $87.2 million in three equity offerings in 2010. Investors include Palo Alto, CA-based Technology Crossover Ventures.
Merkle provides customer strategy, business intelligence and analytics, data sourcing, media targeting and measurement, and marketing technology solutions to Fortune 1000 companies and leading nonprofit organizations. With over 800 employees, the privately held corporation is headquartered near Washington, D.C. in Columbia, Maryland with additional locations in Boston, Chicago, Denver, Little Rock, Minneapolis, New York, Philadelphia, Seattle, Hagerstown, MD and Shanghai.
Company clients include such marquee names ad Bank of America, Dell, General Electric, Samsung and the Arthritis Foundation.
The company employs more than 1200 people. It disclosed the raise in a filing with the US Securities and Exchange Commission.
–Allan Maurer
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: CA, Columbia, CRM, financing, Hagerstown, MD, Merkle, Palo Alto, Technololgy Crossover Ventures
Posted in Internet/New Media, IT, Marketing, Maryland, Money, Potomac | Comments Off
Thursday, January 13th, 2011
 - A Droid Pro
BALTIMORE, MD – Millenial Media says the Android smartphone operating system has overtaken the Apple iOS on its mobile advertising network.
This follows a report from Nielsen that showed the Android phones grew market share between January and November 2010 while
Apple’s share was about the same and BlackBerry’s fell.
The Android system is used on phones made by multiple manufacturers while both the Apple and Blackberry operating systems run only on their devices.
Millenial says that it’s network – which reaches about 80 percent of mobile phone users according to the company – saw Android ad requests leap 141 percent from Q3 to Q4 in 2010. Apples requests were up 12 percent, and RIM’s 60 percent.
Android apps also ran ahead of the pack and resulted in 55 percent of revenue from app platforms.
These numbers could change next month when the iPhone for Verizon is released. Some users do not care for AT&T’s mobile service.
But the fact that advertising requests for all three smartphone operating systems grew significantly is as much a trend as Android’s growing dominance.
We have been testing a Motorola Droid Pro, and the Verizon service has been reliable in the office, on the road, on a train, and in a variety of NC locations in three cities. — Allan Maurer
Tags: ad network, Android, Apple iOS, Baltimore, Blackberry, Droid ad requets top Apple's, MD, Millenial Media, RIM, smartphones
Posted in Internet/New Media, IT, Marketing, Telecommunications | Comments Off
Wednesday, January 12th, 2011
 WOODBINE, MD – The Web-based home and garden data aggregator 10-20 Media has raised $800,000 in a debt offering, the latest in a series that totals $1.8 million, according to regulatory filings. The company collects home and garden data for retailers, brands, breeders and publishers.
The company publishes the GardenPilot web site and iPhone app, which gives industry retailers and brands online marketing tools.
Industry verteran and Internet marketing guru Steve Cissel, CEO, founded the company in 2000. He is frequent speaker on topics such as covers such topics as web site design, Search Engine Optimization, Search Engine Marketing and Effective Internet Advertising.
The “10-20″ in the company name refers to police radio code for location.
Tags: 10-20 Media, financing, home & garden data aggregator, Internet/New Media, MD, Woodbine
Posted in Internet/New Media, Maryland, Money, Potomac | Comments Off
Friday, January 7th, 2011
 It was a fairly busy first week of the year for merger and acquisition activity in the Southeast.
Dell Buying SecureWorks, credit union impact questioned
ATLANTA – DELL Computers said this week it plans to buy 10-year-old, venture-backed Atlanta security firm SecureWorks for an undisclosed price. According to one report, the buy could have an impact on one set of SecureWorks clients, Credit Unions. (See: Dell Talkeover of Secureworks sparks talk of CU Impact).
SecureWorks has more than 2,900 clients. Reports say Dell made a “table-clearing bid” for the company. Other reports say Dell grabbed the firm as it was getting ready to file for an Initial Public Offering of stock with the SEC later in 2011.
North Highland buys Insight Solutions Group
ATLANTA and MINNEAPOLIS — Global consulting firm North Highland is expanding into the Midwest United States with the acquisition of Insight Solutions Group Inc., a Minneapolis-based management consulting firm. The acquisition marks the establishment of North Highland’s twentieth US office.
Financial details were not disclosed.
North Highland is a global, employee-owned consulting firm that delivers strategic business solutions to Fortune 1000 clients, government agencies and non-profits. The firm has 47 offices in the United States,Europe and Asia-Pacific.
GE Intelligent Platforms acquires SmartSignal
CHARLOTTESVILLE, VA – GE Intelligent Platforms has closed its acquisiton of SmartSignal, an analytics software company based in Lisle, Illinois. SmartSignal specializes in providing Remote Monitoring & Diagnostics solutions to the Power Generation, Oil & Gas and other industrial sectors. Financial details were not disclosed.
Virginia-based GEIP is a global provider of software, hardware, services, and expertise in automation and embedded computing.
Virginia-based Rivermine acquired by Emptoris
FAIRFAX, VA - Rivermine, which develops software to help customers manage their telecom expenses, has been acquired by Massachusetts-based Emptoris, which sells supply and contract management tools. Financial details were not disclosed.
Rivermine employees joined Emptoris. CEO Mark Logan is now president of the Emptoris Rivermine division.
Rivermine manages more than $6 billion in communications spending a year for clients who include Chubb Insurance, Ford, Fannie Mae, and IKON Office.
Maryland-based Sourcefire acquires Immunet for $21M
COLUMBIA, MD – Sourcefire, which develops network security tech, has acquired Silicon-Valley based Immunet, which sells cloud-bade anti-malware software, in a deal worth up to $21 million.
Sourcefire paid $17 million in cash at closing, and will pay as much as $4 million more over the next 18 months if Immunet meets product delivery milestones.
Sourcefire said it plans to keep all of Immunet’s fulltime employees. It said the deal expands its security offerings to include a cloud-based platform.
Travel Leaders Group buys Virginia-based Vacation.com
Alexandria, VA – Minnesota-based Travel Leaders Group, a company that manages corporate travel, has acquired Alexandria-based Vacation.com. Financial details were not disclosed.
TLG says the move bolsters its offerings in the North American travel market. Vacation.com sells cruises and vacations through agencies.
Maryland-based National Office Systems buys East Coast Storage Solutions
GAITHERSBURG, MD – National Office Systems, which sells storage and information management systems, has acquired Connecticut-based East Coast Storage Solutions to expand in the Northeast. Financial terms were not disclosed.
East Coast has been a major player and our competitor in Connecticut,” said Joe Alvarez, NOS principal. “Their arrival will expand our world-class products and services even farther into the Northeastern United States, especially the Connecticut and New York markets.”
Tags: Acquisitions, Alexandria, Atlanta, Columbia, Dell, Emptoris, Fairfax, GA, GE Intelligent Systems, M&A roundup, MD, Minneapolis, Rivermine, SecureWorks, SmartSignal, Travel Leaders Group, VA, Vacation.com
Posted in Acquisitions, Georgia, Internet/New Media, IT, Maryland, Potomac, Virginia | Comments Off
Thursday, January 6th, 2011
 BALTIMORE, MD – The mobile space is hotter than a cell phone after an hour long call. After tripling revenues in 2010, Millennial Media Inc., which focuses on mobile advertising, has raised an additional $27.5 million in growth equity funding, with Bessemer Venture Partners, Columbia Capital, Charles River Ventures (CRV), and New Enterprise Associates (NEA) participating.
This new investment brings the company’s equity funding to more than $65 million and will be used to fund an acceleration of the company’s 2011 global growth plan.
The company says it plans to use the growth investment in part to build on its successful 2010 acquisition of TapMetrics, a mobile analytics company, with additional acquisitions in 2011. Additional investments will be made in the company’s international and platform lines of business.
“Millennial Media continues to be one of our best-performing portfolio companies, and has achieved profitable results. The company has exceeded its revenue and EBITDA projections for ten consecutive quarters,” said Patrick Kerins, General Partner, NEA. “As part of our growth equity strategy, we target companies like Millennial Media, as it has the seasoned management team, operational excellence and long-term vision to dominate the mobile advertising market.”
The company’s U.S. mobile ad network business reaches more than 85% of U.S. mobile web users, serves more than 17B mobile ad impressions each month, and counts 18 of the top 25 Ad Age advertisers among its clients. Millennial Media’s global operations reach mobile consumers in more than 250 countries. Additionally, the company’s technology platform powers mobile advertising programs operated by its partners, including leading media companies, OEMs, and mobile application developers.
Millennial Media is headquartered in Baltimore, Maryland, has offices in New York, London, and San Francisco; with sales offices in Detroit, Los Angeles, Chicago, Dallas, and Atlanta.
Tags: Baltimore, Bessemer Venture Partners, Charles River Ventures, Columbia Capital, financing, MD, Millennial Media, New Enterprise Associates
Posted in Internet/New Media, Marketing, Maryland, Money, Potomac | Comments Off
Wednesday, January 5th, 2011
 BOWIE, MD – LogicTree, which sells interactive voice technology to transportation agencies, has raised $836,855 toward a $1.3 million equity offering, according to a regulatory filing. The company previously raised $2.2 million in August 2009.
Founded in 1997, the company sells 511 interactive voice response products for Fixed Route Schedules (FRS); Transit Trip Planning; Real-Time Arrival (RTA) and Paratransit Self Service.
The company, located in the Maryland Science and Technology Center in Bowie, disclosed the offering in a filing with the US Securities and Exchange Commission.
The offering has attracted two investors so far, according to the filing.
Tags: 511 IVR, Bowie, financing, LogicTree, Maryland Science and Technology Center, MD
Posted in IT, Maryland, Money, Potomac, Telecommunications | Comments Off
Tuesday, January 4th, 2011
 CHAPEL HILL, NC – Kiplinger’s Personal Finance magazine ranks the University of North Carolina at Chapel Hill the best value in American public higher education for a “remarkable” 10th time in a row.
Kiplinger’s started ranking the best values in public universities in 1998; Carolina has been number-one every time. The ranking appears in magazine’s February issue hitting newsstands Tuesday, Jan. 4.
Kiplinger’s editors say their top 100 public campuses deliver “a stellar education at an affordable price.”
The universities of Florida, Virginia and the College of William and Mary ranked second, third and fourth, respectively, followed by the University of Maryland (College Park), Binghamton University, the State University of New York (SUNY) Geneseo, and the universities of Georgia, Wisconsin (Madison), and Washington. Other UNC system schools making the list were N.C. State, 15th; UNC-Wilmington, 27th; Appalachian State University, 35th; UNC School of the Arts, 48th; and UNC-Asheville, 58th.
Kiplinger’s rankings story, “Best Values in Public Colleges,” focuses on how the global economic downturn has forced sweeping and likely permanent changes in U.S. public higher education because of state budget cuts and reduced federal funding.
“The takeaway for soon-to-be matriculating students: Look for schools that deliver an outstanding, affordable education in good times and bad,” Kiplinger’s story says. “The University of North Carolina at Chapel Hill, ranked Kiplinger’s number-one best value for public colleges and universities for a remarkable 10 times running, is a prime example.
“Carolina’s admission rate remains among the lowest on our annual list; its students are among the most competitive; and its in-state cost, at $17,000, is not much higher than the average price ($16,140) for all public universities. For students who qualify for need-based aid, the total price for this top-tier university drops to an average of $7,020.”
About two-thirds of the Kiplinger’s ranking is based on measures of academic quality including SAT or ACT scores, admission and retention rates, student-faculty ratios, and four- and six-year graduation rates. Then Kiplinger’s ranks each school based on cost and financial aid. Factors include total cost for in-state students (tuition, required fees, room and board, and estimated book expenses); the average cost for a student with need after subtracting non need-based grants (not loans); the average percentage of need met by aid; and the average debt a student accumulates before graduation.
For the full report see: Kiplinger’s Personal Finance Magazine, Best Values in Public Colleges for 2010-2011
Tags: GA, Kiplinger's value rank, MD, NC, UNC Chapel Hill, VA
Posted in Carolinas, Education, Florida, Georgia, Maryland, North Carolina, Potomac, Virginia | Comments Off
Monday, January 3rd, 2011
 BETHESDA, MD – Telcare Inc., a Bethesda-based company providing wireless connections between chronically ill patients and their doctors, has raised $4.46 million of a $5 million mixed securities offering, according to a regulatory filing.
Founded in 2008, Telcare is developing a glucose meter for diabetics due for release in the second quarter 2010, that sends test results to a care management server and provides instant feedback and coaching to the patient.
The TELCARE blood glucose meter platform is based on an already FDA-cleared glucose meter platform that meets the latest standard of accuracy and offers auto-coding test strips, ultra-low sample volume, and alternate site testing.
The global market for glucose meters and strips is targeted at the more than 20 million Americans with diabetes with an $8 billion market size.
Telcare says Home glucose monitoring is universally recognized as essential to the management of diabetes and prevention of complications. A one unit reduction in A1c, the gold standard for glucose control is proven to result in a 37 percent reduction in complications and costs of care.
The company’s product has not yet been cleared by the U.S. Food and Drug Administration for sale.
The company disclosed the raise in a filing with the U.S. Securities and Exchange Commission.
Tags: Bethesda, glucose monitor, MD, Telcare, wireless medicine
Posted in Maryland, Money, Potomac, Telecommunications | Comments Off
Thursday, December 23rd, 2010
 ROCKVILLE, MD - Supernus Pharmaceuticals, which is developing central nervous system treatments, has filed for a $100 million initial public offering of stock.
The company plans to trade on Nasdaq under the symbol “SUPN.”
The venture-backed company has raised funding from New Enterprise Associates, OrbiMed Associates, and Abingworth Management. NEA holds 44.8 percent pre-IPO stake, the largest. The other two investors hold 17.9 percent each.
Formerly known as Shire Laboratories, the company develops drugs for the treatment of epilepsy, Parkinson’s disease, conduct disorders, depression, anxiety, and attention-deficit/hyperactivity disorders.
Tags: Abingworth Management, CNS drugs, IPOs, MD, NEA, OrbiMed Associates, Pharma, Rockville, Supernus Pharmaceuticals
Posted in IPOs, Maryland, Potomac | Comments Off
Tuesday, December 21st, 2010
 BELTSVILLE, MD - SunEdison, a worldwide solar energy services provider and subsidiary of MEMC Electronic Materials (NYSE: WFR), has secured a three-year, $50 million construction revolver with Rabobank International for the deployment of solar photovoltaic power plants in the United States.
Ron Klein, a managing director with Rabobank’s Renewable Energy Group, said “This type of innovative, multi-project, non-recourse facility is possible because of SunEdison’s successful track record and expertise. Additionally, it illustrates the maturity of the renewables industry and specifically the solar sector.”
SunEdison will utilize the revolver to finance construction of photovoltaic power plants at client (host) locations. Upon completion, the solar hosts will buy the energy produced at prices at or below retail rates while avoiding upfront costs typically associated with solar deployments.
William Lee, SunEdison vice president of Project Finance and Corporate Development, said has close to 250MW of solar deployed.
Currently sized at $50 million for U.S. projects, the construction revolver is expected to expand significantly over the life of the deal with the addition of more lenders. Projects will range in size from small commercial to utility scale.
Tags: $50M construction revolver, Beltsville, MD, Rabobank International, solar projects, SunEdison
Posted in Energy, Maryland, Money, Potomac | Comments Off
Tuesday, December 14th, 2010
 Akonni maintains a state-of-the-art manufacturing facility of nearly 20,000 square feet FREDERICK, MD – Akonni Biosystems, a company developing molecular diagnostic systems, has raised just over $912,000 of $8 million in equity sought, according to a regulatory filing. The company raised $5 million in debt in March and received three grants totaling nearly $4 million from the National Institutes of Health and the National Institutes of Justice.
Founded in 2002, the Frederick, MD-based company develops, makes and sells integrated molecular diagnostics systems. Products in its pipeline diagnose tuberculosis, viral encephalitis, upper respiratory infections and hospital-acquired infections.
Akonni disclosed the raise in a filing with the US Securities and Exchange Commission.
The company has 30 full time and contract employees.
Akonni – named from a Native American word that suggests a deep desire to understand the mysteries of nature – holds 26 patents with 12 pending. Its technology derives from work at the Argonne National Laboratory and the Engelhardt Institute of Molecular biology.
All of Akonni Biosystems tests are currently for Research Use Only, and are not for use in diagnostic procedures.
It systems represent more than 18 years and $32 million of funded research by United States Department of Energy (DOE), Department of Defense (DOD), Department of Justice (DOJ), Centers for Disease Control (CDC), and National Institutes of Health (NIH).
Tags: Akonni Biosystems, financing, Frederick, MD, molecular diagnostic tests, NIH grants, NIJ grants
Posted in Maryland, Money, Potomac | Comments Off
Thursday, December 9th, 2010
 ROCKVILLE, MD - Triumfant Inc., a company selling software that detects and fixes damage from malware attacks on a company’s servers and computers, has raised $1.5 million in a mixed-securities offering, according to a regulatory filing.
Founded in 2002, Triumfant is a privately held company headquartered in Rockville, MD with engineering facilities in Research Triangle Park, NC. Triumfant serves key markets, including government organizations and commercial enterprises, as well as managed service providers and system integrators. Triumfant (formerly Chorus Systems) is funded by Novak Biddle Venture Partners, Core Capital Partners, Inflection Point Ventures, Anthem Capital Management, MCNC Ventures, and Tri-State Investment Group IV.
The company disclosed the current offering in a filing with the US Securities and Exchange Commission.
The company says it leverages patented analytics to detect, analyze and remediate the malicious attacks that evade traditional endpoint protection solutions. It says it uses these same analytics to continually enforce security configurations and policies, ensuring that organizations start every day with their endpoints secure and audit ready.
It explains on its web site that its analytics correlate all of the changes associated with each incident, generating in-depth analysis of each attack and providing the knowledge required to build a situational, contextual remediation that surgically addresses the attack and all of the associated collateral damage.
To reach TJS Editor Allan Maurer: Allan@techjournalsouth.com
Tags: Anthem Capital Manageent, Core Capital, financing, Inflection Point Ventures, malware protection, MCNC Ventures, MD, NC, Novak Biddle, Research Triangle Park, Rockeville, TriState Investement Group, Triumfant
Posted in Carolinas, IT, Maryland, Money, North Carolina, Potomac, Security | Comments Off
Tuesday, December 7th, 2010
 COLUMBIA, MD – Lotame, a company helping advertisers and publishers use social networks and data to connect people to brands and monetize content, has raised $6 million in equity, according to a regulatory filing.
In 2008 Lotame raised a $10 million first round and later in the year, a $13 million B round, from New Hampshire-based Hillcrest Management, Boston’s Battery Ventures, New York’s Betaworks and California-based Emergence Partners.
At the time of the B round, Jason Green, general partner at Emergence and on Lotame’s board said,
“Lotame is producing unparalleled results and insight for publishers and advertisers by leveraging a unique targeting platform that translates social media inventory into valuable real estate that brand advertisers love. With dozens of blue chip advertising clients and a growing publisher network reaching tens of millions users today, Lotame is clearly the company to beat in the space.”
Lotame CEO and foudner Andy Monfried previously helped build the New York office of Advertising.com, which was acquired by AOL.
Other top company execs also came from Advertising.com and AOL.
Say what you will about AOL, it has seeded the Potomac region with Internet experienced entrepreneurs who have founded an unending stream of digital start-ups.
Tags: advertising, Battery Ventures, Betaworks, Columbia, Elkridge, Emergence Partners, financing, Hillcrest Management, Lotame, MD, online publishers, targeting and analytics
Posted in Internet/New Media, IT, Marketing, Maryland, Money, Potomac | Comments Off
Monday, December 6th, 2010
 FREDERICK, MD – RPWL Holdings, parent company of Frederick-based Welocalize, a company selling an open source content translation management system, has raised $51.8 million in a round led by Boston-based Riverside Partners, according to a regulatory filing.
In mid-November the company reported had raised $34 million from Riverside, according to the the Welocalize blog. It disclosed the full amount of the current raise in a filing with the US Securities and Exchange Commission.
Founded in 1997, the company sells next-generation translation supply chain management that delivers market-ready, translated content. It has more than 400 employees. It is headquartered in Frederick, MD, and has offices in Ireland, German, China, and Japan. It helps companies translate materials, train local workers, and other services.
Its product is called GlobalSight. Welocalize’s clients include 8 of the world’s top 10 software and hardware companies (including Autodesk, Inc.; Canon; Cisco Systems; Computer Associates; IBM; Microsoft; Sun and Symantec) and the company has been ranked on the Inc 5000 list of fastest growing companies for 6 years.
Welocalize previously raised $6 million from Philadelphia-based LLR Partners in 2000.
The international nature of modern business has obviously created a strong niche for a company such as Welocalize, which helps firms operate in local markets globally.
Welocalize founder Edward J. S. Yewell earlier founded InterTrans Inc., an Internet based company selling translation serivces and the international trade portal, Import Export Bulletin Board.
Tags: Edward Yewell, Frederick, InterTrans, MD, Riverside Partners, RPWL Holdings, translation services, Welocalize
Posted in Education, Internet/New Media, IT, Maryland, Money, Potomac | Comments Off
|
