Posts Tagged ‘Reston’
Monday, November 29th, 2010
RESTON, VA – Black Friday (November 26) saw $648 million in online sales, making it the heaviest online spending day to date in 2010 and representing a 9-percent increase versus Black Friday 2009, according to digital measurement firm comScore.
Thanksgiving Day (November 26), traditionally a lighter day for online holiday spending, achieved a strong 28-percent increase to $407 million.
“Although Black Friday is known for the flurry of activity occurring in brick-and-mortar retail stores, online shopping is increasingly becoming the refuge of those preferring to avoid the crowds and long lines,” said comScore chairman, Gian Fulgoni. “The $648 million in online spending this Black Friday represents the heaviest online spending day of the season-to-date and a solid increase over last year’s Black Friday. Interestingly, we are also seeing consumers beginning to buy online in a more meaningful way on Thanksgiving Day, which has historically seen low buying activity.”
Black Friday Bargains Boost Web Browsing Behavior
As the online channel becomes increasingly influential in driving offline shopping behavior, consumers are turning to Black Friday sites on the web to conduct research in advance of the day’s events. comScore analyzed eight Black Friday deal sites for the five days ending Black Friday (Nov. 22-26) compared to the corresponding days last year, finding that Black-Friday.net led the pack with 3.1 million unique visitors, up 42 percent versus last year. BlackFriday.info followed with 2.7 million visitors, while Black-Friday2010.com (up 478 percent to 1.5 million visitors) showed the greatest growth.
Some other notable findings about Black Friday deal-seeking include:
- The number of visitors to coupon sites on Black Friday grew 4 percent versus year ago to 3.6 million visitors, while the total number of visits to the category increased 16 percent to 7.4 million.
- BlackFriday.info was the most visited coupon site on Black Friday with 630,000 unique visitors, followed by CouponCabin.com (543,000), RetailMeNot.com (332,000 visitors) and Groupon.com (332,000).
- ShopLocal.com ranked as the most visited comparison shopping site on Black Friday with 2.1 million visitors, up 45 percent versus year ago.
Tags: Black Friday online spending 2010, comScore, Reston, VA Posted in Internet/New Media, Studies, surveys, reports | Comments Off
Wednesday, November 24th, 2010
RESTON, VA – For the holiday season-to-date, $9.01 billion has been spent online, marking a 13-percent increase versus the corresponding days last year. So says a new report from digital media measurement firm, comScore. The report also notes that consumers say they are seeing more online promotions this year, with free shipping the most common.
“The beginning of the online holiday shopping season has gotten off to an extremely positive start, outperforming our earlier expectations,” said comScore chairman, Gian Fulgoni.
“Despite continued high unemployment rates and other economic concerns, consumers seem to be more willing to open up their wallets this holiday season than last. While this early spending surge reflects, in part, heavy promotional activity on the part of retailers occurring earlier this season, it is nevertheless a very encouraging sign.”
The comScore figures bear out report we’ve heard from Southeast tech companies working with online retailers, such as NC-based ChannelAdvisor. ChannelAdvisor CEO Scot Wingo forecast an uptick in online holiday spending in an interview here about a month ago prior to Tech Media’s Internet Summit.
comScore 2010 Holiday Online Retail Spending Forecast
The official comScore 2009 holiday season forecast is that online retail spending for the November – December period will reach $32.4 billion, representing an 11-percent gain versus year ago. This strong growth rate represents an improvement compared to last season’s 4-percent increase.
“After a year in which we already saw growth rates return to solid positive territory, the recent strength in holiday spending has led us to raise our official forecast to 11 percent from the 7 to 9 percent we were initially expecting,” added Fulgoni. “We are seeing online spending surpass the totals we saw in 2007 prior to the recession and expect sales this holiday season to be the highest on record with more than $32 billion being spent during the November and December period.”
comScore 2010 Holiday Shopping Survey
Alongside its reporting of behaviorally monitored e-commerce spending, comScore is also conducting weekly surveys of approximately 500 consumers to determine attitudes and sentiment in regard to the holiday shopping season.
In the most recent survey, conducted on November 11-15, 2010, consumers indicated that they believe retailers’ promotional activity for the early part of the season has increased in relation to last year. Specifically, 36 percent of respondents indicated that they are seeing more discounts, sales and promotions vs. last year compared to just 11 percent who said there were fewer.
One of the more prominent promotions for online purchases is free shipping. When asked how important free shipping is for making an online purchase this holiday season, more than three-quarters (77 percent) of consumers indicated it was important. Recent comScore behavioral data indicated that 41 percent of retail e-commerce purchases in Q3 2010 included free shipping.
Tags: comScore, free shipping, Gian Fulgoni, online retail holiday shopping up 13 percent, Reston, VA Posted in Internet/New Media, Potomac, Virginia | Comments Off
Friday, October 22nd, 2010
RESTON, VA – The convergence of technology, policy, politics, and culture is transforming the federal software market. Demand for software products from the U.S. federal government is poised for transformation due to the confluence of technology changes and policy drivers.
“Factors like cloud computing and virtualization that have been widely adopted in the private sector are beginning to take hold in the public sector,” said John Slye, principal analyst, Industry Analysis at INPUT.
“We are going to see significant change in the coming years and the outcome will transform how and from whom agencies buy and maintain software — including the types of software they select and why,” he said.
Key market forces currently shaping the demand for software in the federal government include:
- Strong political pressure exists to contain, if not reduce, discretionary spending
- Administration policy priorities are focused around transparency, cost savings, and performance
- Forces within the market are transforming the culture of IT organizations
- Technology trends — such as the evolution of cloud computing and virtualization — are transforming IT infrastructure
The speed of transformation clearly depends on the ability of federal agencies to fund, implement, secure, and manage the innovative software solutions that could change how the government operates.
“Software is critical for addressing many of the government’s priorities, and agencies need vendors to not only creatively package and price their software, but also to provide evidence that solutions will drive down costs and simplify their IT environments,” said Richard Schum, senior analyst, Industry Analysis at INPUT.
Schum emphasized the Obama administration’s push to leverage IT to increase efficiency as a crucial catalyst: “A lack of buy-in from all aspects of the bureaucracy may slow down these changes, but ultimately, these changes are inevitable.”
The transformation to a more agile and simplified software environment requires a change in an agency’s mindset. In many ways, the evolution of software capabilities within agencies will require them to look beyond their own domain, roles, and controls, and examine the business functions and processes of other organizations to see how software can be leveraged across the board.
Federal Software Products Market 2010–2015 is available on INPUT’s website at the following link: www.fedsoftware2010.input.com.
Tags: DC, government software market report, Input, IT, Reston, VA Posted in IT, Potomac, Studies, surveys, reports, Virginia, Washington, DC | Comments Off
Wednesday, October 20th, 2010
 TerreStar's GENUS phone
RESTON, VA – TerreStar Networks, a majority-owned subsidiary of TerreStar Corp. (Nasdaq:TSTR), has filed for reorganization under chapter 11 bankruptcy and has entered into an agreement with EchoStar Corp., its largest secured creditor, to provide the Company with a $75 million debtor-in-possession financing facility.
TerreStar Networks will use the debtor-in-possession financing to maintain business-as-usual operations during the restructuring process. The Company believes its current and anticipated cash resources will be suitable to pay its expenses and maintain its business operations during chapter 11.
In addition to the debtor-in-possession financing facility, TerreStar Networks has also entered into a Restructuring Support Agreement with EchoStar Corporation, under which EchoStar has agreed to support a restructuring premised on a debt for equity conversion by the Debtors’ secured noteholders, and backstop a $100 million rights offering that will provide the funding for TerreStar Networks’ exit from chapter 11.
The company sells wholesale satellite services and an integrated satellite-cell smartphone, the GENUS.
Tags: $75M debt facility, Chapter 11 bankruptcy, EchoStar, GENUS phone, Reston, TerreStar Networks, VA, wholesale satellite services Posted in Internet/New Media, Money, Potomac, Telecommunications, Virginia | Comments Off
Tuesday, October 12th, 2010
FAIRFAX, VA – SRA International Inc. (NYSE: SRX), a leading provider of technology and strategic consulting services and solutions to government organizations and commercial clients has agreed to buy Platinum Solutions Inc., which sells systems integration and collaborative solutions to the federal government for approximately $90 milllion.
Platinum Solutions is a privately held systems integrator and software developer with headquarters in Reston, and offices in Bridgeport, W. VA and Rockville, MD. The company specializes in developing customized software applications and providing data management solutions for customers in the national security and civil government arena.
Platinum Solutions’ revenue in calendar year 2010 is expected to be approximately $55 million. The acquisition is expected to be accretive to earnings per share in SRA’s fiscal year 2011.
Tags: Acquisitions, Bridgeport, government contractors, IT, MD, Platinum Solutions, Reston, Rockville, SRA, VA, W.VA Posted in Acquisitions, Government/Defense, IT, Maryland, Other SE, Potomac, Virginia, West Virginia | Comments Off
Tuesday, October 12th, 2010
RESTON, VA – Xceedium Inc., a company selling Zero Trust Access Control solutions, has closed on a $7.5 million Series B financing led by existing investor ArrowPath Venture Partners.
The new funds will be used to drive Xceedium’s sales and marketing expansion as well as fuel the ongoing development of its flagship GateKeeper product, an appliance-based solution that secures and audits privileged access to IT infrastructure.
“The privileged access security market is undergoing accelerating growth driven by data center virtualization and the adoption of cloud computing,” said Morgan Rodd, managing partner at ArrowPath Venture Partners and member of the Xceedium board.
“We have experienced strong customer growth in both the federal government and commercial sectors and are ready to go into full expansion mode,” said Glenn Hazard, chairman and CEO of Xceedium.
“Enterprises are grappling with increased compliance demands and a rapidly evolving IT data center where the line no longer exists between insiders and outsiders on a network. In this environment, securing privileged access has become a business critical issue for CIOs. We are confident that we have the team, strategy, product, and now the capital infusion, to take advantage of this significant market opportunity.”
Tags: ArrowPath Venture Partners, Exceedium, financing, gatekeeper security solution, Reston, VA Posted in Uncategorized | Comments Off
Monday, October 4th, 2010
RESTON, VA – The number of smartphone users accessing mobile content through browsers and applications now surpasses that of Non-smartphone users, according to the digital measurement firm comScore.
In the 3 month average ending August 2010, Smartphone subscribers made up 60 percent of those who used a downloaded application and 55 percent of those who used a browser. The study also described the demographic profile and top content categories for Smartphone subscribers accessing applications and browsers.
“That Smartphone owners now represent the majority of the U.S. mobile audience accessing downloaded applications and browsers represents a watershed moment in the industry,” said Mark Donovan, comScore senior vice president of mobile.
“Although Smartphones still make up less than a quarter of the U.S. mobile market, they are generating the lion’s share of mobile content consumption. With Smartphones’ share of the pie destined to get greater over time, marketers and content providers should begin to shift their focus towards developing with primarily these devices in mind.”
We think some of the results from this survey are in the “that-makes-sense” category.
Weather and maps represented the top content categories accessed through dowloaded apps in August, used by more than one-third of US smartphone subscribers.We would expect that result – regardless of the type of cell phone used.
Social networking apps were used by 30 percent, while search and news apps were used by 18 percent. This, however, is a growing category of use. We would be willing to bet the use of social networking apps rises along with the general increase in social networking.
Search was the most popular category accessed through browsers, reaching 54 percent of the smartphone audience. 43 percent of smartphone subscribers accessed social networking sites via browser, followed by news (40 percent), weather (36 percent) and sports information (32 percent).
Tags: comScore, Reston, Search, smartphone users, social networking, surveys, VA, weather and map apps Posted in Internet/New Media, Studies, surveys, reports, Telecommunications | Comments Off
Monday, October 4th, 2010
RESTON, VA – LightSquared, a wholesale-only integrated wireless broadband and satellite network, has closed on $850 million of debt, which represents the initial round of a syndicated secured credit facility arranged and led by UBS AG. With this additional $850 million, LightSquared has obtained an aggregate of more than $2 billion in equity and debt proceeds and in commitments.
The term of the credit facility will be four years, non-callable in the first year. LightSquared will use the proceeds of the financing for general corporate purposes which include constructing its world-class, 4G-LTE-wholesale network.
Sanjiv Ahuja, chairman and chief executive officer of LightSquared, said: “We are extremely pleased that we have secured this significant amount of financing and believe it endorses our overall business model, while providing LightSquared with a solid step forward to execute our strategy and begin building out our 4G-LTE-wholesale network.”
LightSquared also announced it has signed its first wholesale agreements and is in advanced negotiations with numerous potential customers.
It says that given this strong early indication of demand for capacity on its 4G-LTE-wholesale network, it intends to accelerate the implementation of Phase 2 of the Inmarsat Cooperation Agreement to the fourth quarter of this year. By doing so, LightSquared will obtain increased access to spectrum controlled by Inmarsat.
Upon providing notice to Inmarsat of its intent to accelerate implementation, LightSquared will owe Inmarsat annual spectrum lease payments. The first lease payment will be due upon delivery of notice by LightSquared to Inmarsat.
Ahuja noted, “By accelerating Phase 2 of the Inmarsat Cooperation Agreement, we will be able to utilize and deploy additional spectrum earlier than anticipated, further enhancing the capacity of LightSquared’s 4G-LTE-wholesale network.”
The company says that through its wholesale-only business model, those without their own wireless network or who have limited geographic coverage or spectrum can develop and sell their own devices, applications, and services using LightSquared’s open 4G network—at a competitive cost and without retail competition from LightSquared.
Tags: 4G, debt, financing, Lightsquared, Reston, telecom, VA, wholesale broadband network Posted in Internet/New Media, Money, Potomac, Telecommunications, Virginia | Comments Off
Thursday, September 30th, 2010
HERNDON, VA – Deltek, Inc. (Nasdaq: PROJ), the leading provider of enterprise applications software and solutions for project-focused businesses, is acquiring INPUT Inc. for $60 million in cash.
Based in Reston, VA, INPUT has nearly 200 employees and had revenues of $26.2 million for 2009 – an increase of 13% from 2008. With more than 2,100 customers, INPUT enables companies to successfully identify and develop new business opportunities with federal, state and local government and other public sector organizations.
Many of the largest government contractors and agencies rely on INPUT for the latest and most comprehensive opportunity database and market research information.
Deltek says that the addition of INPUT’s opportunity intelligence and business development capabilities to its comprehensive portfolio of government contracting solutions and its govWin network expands Deltek’s product offerings to manage all facets of the government contracting value chain from opportunity identification to project delivery.
Tags: DC, Deltek acquires Input for $60 million, government contractors, Herndon, IT, Reston, VA Posted in Acquisitions, Government/Defense, IT, Potomac, Virginia, Washington, DC | Comments Off
Tuesday, September 21st, 2010
FREDERICKSBURG, VA – IntelliWare Systems, a company selling business and technical services to government and commercial clients, is raising $1.1 million in equity, according to a regulatory filing.
IntelliWare Systems is a privately-owned company founded in 2005 headquartered in Fredericksburg, Virginia, with operations in Virginia, The District of Columbia, and Colorado.
Its services include organizational planning, project management, business analysis and process engineering, information processing technology, systems architecture and analysis and others.
Clients include intelligence related agencies and the US military.
The company is raising the equity from a single investor, according to the filing with the US Securities and Exchange Commission.
Leslie Belluchie of Reston’s FedCap Partners is named as a principal in the SEC filing.
Tags: business services, DC, FedCap Partners, financing, Fredericksburg, government, Intelliware Systems, IT, Reston, VA Posted in Government/Defense, IT, Money, Potomac, Security, Virginia, Washington, DC | Comments Off
Monday, September 20th, 2010
RESTON, VA – ComScore, which measures the digital world, says it is introducing Social Analytix, a social media intelligence service to its clients.
Powered by the Radian6 social media montiroing and engagemnet platform, the service will provide detailed and real time insights based on what consumers say about a company’s brands and products on the web.
ComScore says the Radian6 platform, which operates indepedently of its global consumer panel, captures mentions across more than 150 million soucail media sources worldwide, including blogs, discussion boards, video and image sharing sites and social networking sites such ass Facebook, Twitter, MySpace and Linkedin Answers.
ComScore’s COO, Greg Dale, will discuss the company’s “Unified Measurement” technology at the first annual Digital East event in Tysons Corner, VA, Oct. 18.
For our interview with Dale see: Click is absolutely the wrong measurement
Tags: comScore, Digital East, Gregory Dale, Reston, social media analytix, Tysons Corner, VA Posted in Events, Internet/New Media | Comments Off
Friday, September 10th, 2010
RESTON, VA – More people now spend time on Facebook than search on Google, according to Reston-based digital measurement firm comScore. In August, Internet users spent nearly 10 percent of their time on Facebook, just over the 9.6 percent of their time they spent searching on Google.
U.S. users spent 9.1 percent of their time on Yahoo, according to comScore. Facebook surpassed Yahoo in user time spent for the first time in July.
The gains for Facebook are impressive. Last August, web users spent less than 5 percent of their time with the social networking site, which now boasts more than 500 million members.
ComScore uses a unique combination data from servers and a panel of two million users to tally its figures.
We’re not sure we use Facebook more than Google, but as journalists, Google is essential to our job as well as in our personal life. We do use Facebook more and spend more time there as our group of friends increases. We suspect as even more people become Facebook members, time spent on the site will continue to grow.
This can be a problem for some companies if workers are visiting Facebook during working hours, but some research has shown that such breaks from daily routine can actually increase production.
ComScore’s COO, Greg Dale, will provide insight into the company’s “Unified” measurement techniques and what they mean to marketers and other Internet businesses at the first Digital East event being held Oct. 18 at Tysons Corner, VA.
For a preview of his Digital East discussion see: Click is absolutely the wrong measurement
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: comScore, Digital East, facebook, Facebook use surpasses Google search, Google, Reston, Tysons Corner, VA, Yahoo Posted in Events, Internet/New Media, Studies, surveys, reports | Comments Off
Wednesday, September 8th, 2010
RESTON, VA – Contact Solutions Inc., a Reston-based company selling contact automation software, including interactive voice response (IVR), email, text messaging and web transactions, has received an investment in an undisclosed amount from North Bridge Growth Equity.
North Bridge took a minority stake in the business.
Contact Solutions says it will use the financing to drive growth, including targeted strategic acquisitions and to expand a number of initiatives.
Paul Logan, CEO, said, “Since 2002, we have kept our focus on a different type of IVR solution – one that centers on continuously monitoring and improving systems to ensure high performance and customer satisfaction – for our customers. We have realized extraordinary success with that model.”
North Bridge General Partner Doug Kingsley said, “”Their model of creating solutions and sticking with their customers to monitor, analyze and improve is one of a kind in the contact automation solutions industry, and we invested in the company because we believe that Contact Solutions has even greater growth potential in the years ahead.”
While the amount of the investment was not disclosed, Mike Lincoln, counsel to Contact Solutions, said, “The North Bridge investment in Contact Solutions represents one of thsi year’s most significant growth capital investments in the United States.”
We’ll keep an eye on the regulatory filings to pin down the amount.
If it is enough to fuel “strategic acquisitions” as well as spur the company’s growth and expansion, we suspect it is a substantial amount.
We have noticed that many of the companies we deal with now use some form of automated interactive contact solutions to handle initial phone calls, email queries and other communications.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: automated email response, Contact Solutions, financing, interactive vocie response, IVR, North Bridge Growth Equity, Reston, Virginia Posted in Internet/New Media, IT, Marketing, Money, Potomac, Virginia | Comments Off
Wednesday, September 1st, 2010
RESTON, VA – Digital measurement firm comScore (Nasdaq:SCOR) has acquired Nedstat, which sells web analytics and video measurement solutions for about $36.7 million.
Headquartered in Amsterdam, the Netherlands, Nedstat offers technology that helps organizations optimize customer experiences and maximize the return on digital media investments.
With the Nedstat technology installed on thousands of sites, the acquisition helps comScore accelerate its global expansion strategy, particularly in European markets, and strengthens comScore’s Unified Digital Measurement platform, which combines panel-based audience measurement with census-level data collection to provide a holistic view of digital consumer behavior.
“The acquisition of Nedstat is another important step towards fulfilling our vision of making the Unified Digital Measurement platform the global standard for digital measurement,” said Dr. Magid Abraham, comScore president & CEO. “In addition, our clients are asking for a new class of business applications to maximize the monetization of their audiences using the UDM data we already collect.”
TechJournal South recently interviewed Gregory Dale, COO of comScore, who will be participating in the first Digital East conference in Tysons Corner, VA, Oct. 18. Dale discussed comScores United Digital Measurement platform, which will be a focus of his discussion at the event. See: Click is absolutely the wrong measurement
Tags: Acquisitions, Amsterdam, comScore, Digital East, Dr. Migid Abraham, Gregory Dale, Nedstat, Netherlands, Reston, United Digital Measurement, VA Posted in Acquisitions, Events, Internet/New Media, IT | Comments Off
Tuesday, August 31st, 2010
 Gregory Dale, COO, comScore
By Allan Maurer
RESTON, VA – Most people think of the digital world as direct response media, says Greg Dale, COO of digital measurement firm comScore. “You click on the monkey, go to some form and do something.” Yet, “The click is absolutely the wrong measure” of a digital ad’s effectiveness, says Dale.
At a recent event where he spoke, Dale asked the audience how many people had clicked on a banner ad last week? Last month? Last year? Few hands went up. So it’s a mistake to try to understand the effectiveness of an ad by how many people clicked on it, he says.
As one of comScore’s first employees, Dale played a critical role in the creation of the world’s largest representative, continuously monitored consumer panel. And those panels bring an extra dimension to comScore’s analysis of digital advertising and marketing, he says.
Panels are just one part of comScrore’s “unified measurement,” which includes standard Web analytics and other means.
Unified measurement a comScore key
Dale says unified measurment is one of the main topics he’ll address at the Digital East event in Tysons Corner, VA, Oct. 18.
A panel is essentially a group of people who agree to have their digital use measured for market research purposes. “The concept is old and used to be done via a diary or filling out sheets. We use a small piece of software on their computer and they’re tracked in an anonymous pool that identifies only their demographic characteristics – a male with a certain level of income, etc.
That allows comScore to provide its clients with data such as how many people visit both the client and a competitor’s site; whether people watch more video on another site than on the client’s; how many ads do they see?
Marketing campaigns are unique, Dale says and they’re not always designed to sell products directly.
Goals differ
“Goals differ. Sometimes a campaign is to raise awareness of a brand or introduce a new product to a group. We offer products to help measure that, to help understand how well it did hitting target segments, how much did awareness increase?”
ComScore studies have shown that effectively placed digital advertising campaigns can perform as well or better than TV advertising at moving package goods. But people don’t necessarily buy the product online. Many see the ad and buy in the brick and mortar store.
The economic downturn has actually pushed more marketing campaigns online, Dale says. “It’s a cheaper medium, which is something that does well in a recessionary environment.” That’s contributing to the continued death of many print media outlets, although TV has been able to maintain.
Even TV is seeing the number of people who view an ad drop year after year because of the proliferation of channels, Dale notes. “I don’t know how they keep their rates jacked up. It’s one of the trends that’s baffling.”
Don’t use click throughs
But, Dale says, the more a company such as comScore can educate people on measuring online media in the right way, the smarter they can be about how they spend their money.
He re-emphasizes, “Don’t use clicks to measure a branding campaign,” and adds, “Cookies don’t equal people.”
“There is a whole other world out there,” Dale says, adding that the comScore panels help understand that side of the equation. “How effective was your advertising?” To find out, the marketer should ask if it raised awareness, fostered the right kind of activity, made a customer or potential customer more engaged or led to buying in a store.
How good is the creative?
A key element to success, Dale says, “Is how good is the creative? That will have a huge effect on the campaign no matter how good everything else is.” A company may run tons of ads on your site, he points out, and then say, the response was terrible. “Do they think about discussing the quality of the ad on the site? Typically that’s never taken into account.”
You also need to be able to look at the connections between an ad and the content on the site, the “amplification that a site can provide.”
So, Dale concludes, “You need to be very careful of what you measure and you need to understand all these elements to measure in the right manner.
Tags: Digital East, digital measurement, Gregory Dale, Interview with comScores COO, Reston, Tysons Corner, VA Posted in Events, Internet/New Media, IT | Comments Off
Thursday, August 12th, 2010
RESTON, VA – Tier Technologies, which sells electronic payment services, has named Alex Hart president and CEO.
He takes over from Charles Berger, who held both roles on an interim basis.
Hart was previously president of Fuelman FleetCard programs for FleetCor Technologies. The company says he has “deep expertise in the electornoic bill payment arena.”
Berger served as interim CEO since June. He has been a board member since 2002.
Tags: Alex Hart named CEO, Reston, Tier Technologies, VA Posted in Internet/New Media, IT, People, Potomac, Virginia | Comments Off
Tuesday, August 10th, 2010
RESTON, VA – If online retail sales are any guide, we may actually be moving into better economic territory. ComScore’s U.S. retail e-commerce sales estimates show that online retail spending reached $32.9 billion for Q2, up 9 percent versus year ago. This growth rate represented the third consecutive quarter of positive year-over-year growth following a year of flat or negative growth rates.
Still, it’s too early to be overly excited, comScore warns.
“The second quarter’s continuation of the first quarter’s strong retail e-commerce growth rates is encouraging,” said comScore chairman Gian Fulgoni.
“We remain cautiously optimistic heading into the second half of the year, but we will be keeping a close eye on unemployment rates, which along with potential uncertainty in the stock market could limit growth in e-commerce spending in the near term.”
Other highlights from Q2 2010 include:
- Upper-income households (those earning at least $100,000 annually) grew 17 percent versus year ago, approximately twice the overall e-commerce growth rate during the quarter.
- Among the top-performing online product categories were: Consumer Electronics (excl. PC peripherals), Computer Software (excl. PC games), Computers/Peripherals/PDAs, and Books & Magazines.
- Multi-channel retailers regained e-commerce spending market share versus online pureplay retailers following five consecutive quarters of declining market share.
Tags: comScore, online retail sales rise Q2 2010, Reston, VA Posted in Internet/New Media, Marketing, Potomac, Studies, surveys, reports, Virginia | Comments Off
Friday, August 6th, 2010
RESTON, VA – The demand for vendor-furnished information systems and professional services will increase from $52.8 billion in 2010 to 61.5 billion in 2015, according to State and Local Information Technology Market, 2010-2015, a new report from INPUT.
This annual forecast illustrates that IT spending will grow at a compound annual growth rate (CAGR) of 3.1 percent, which brings in a fresh infusion of $8.7 billion into the State and Local market.
As cities and counties try to turn the corner on the recession, contractors will find technology opportunities throughout the forecast period. “While these estimates are not as high as the ones from three years ago, there is definitely growth in the market,” said Chris Dixon, manager, State and Local Industry Analysis at INPUT.
“Governments will continue to look to technology to help address their goals and overcome challenges, especially IT solutions that help cushion costs and increase productivity.”
State and local governments are also gearing up for the November elections, which will likely impact budgets: “There is a natural turnover of contracts and aging legacy systems that will require investments; at the same time, a new batch of governors will probably make changes and look for ways to save money by decreasing staff and readjusting pension obligations,” said Dixon.
“These cost savings allow agencies to reallocate some of their funds to technology.” There are also several verticals that are poised to outperform the 3.1 percent CAGR, namely:
Justice and public safety; Transportation; Budget and public finance; Health care; Education; and Economic Development.
Tags: Reston, State and local government tech spending report; Input, VA Posted in Economic Development, Education, IT, Studies, surveys, reports | Comments Off
Tuesday, August 3rd, 2010
BALTIMORE, MD & RESTON, VA – Signal Hill Captial Group, a Baltimore-based investment banking firm focused on small and mid-cap growth companies in the technology, media, telecommunications, education, business and healthcare Services and insurance sectors, has merged with Updata Advisors Inc., which is focused exclusively on IT.
Financial details of the merger were not disclosed.
The transaction will not affect the growth private equity firm, Updata Partners, a previous affiliate of Updata Advisors.
The combined firm, to be called Signal Hill, blends Signal Hill’s history of advising a blue-chip roster of leading growth companies with Updata’s 23-year history of more than 400 transactions completed for many of the world’s top technology companies. The firm will continue to be headquartered in Baltimore, and will have offices in Nashville, TN, New York, Reston, VA, and San Francisco.
All of Updata Advisors’ active partners will join the Signal Hill team, as well as all supporting advisory professionals and other personnel. In addition, Ira D. Cohen, Co-founder and Managing General Partner of Updata, will manage the technology advisory practice of Signal Hill.
Tags: Baltimore, merger, Nashville, Reston, Signal Hill Capital Group, Updata Advisors, VA Posted in Acquisitions, Maryland, Potomac, Virginia | Comments Off
Wednesday, July 28th, 2010
RESTON, VA – Social networking sites reach a higher percentage of women than men globally, with 75.8 percent of all women online visiting a social networking site in May 2010 versus 69.7 percent of men. So says comScore, Inc. (NASDAQ: SCOR) in its report on online women’s usage, on the Web: How Women are Shaping the Internet, which provides an in-depth analysis of the female Internet user.
“Understanding gender-specific differences in Web usage is valuable to any digital stakeholder looking to successfully reach and engage both women and men in the online environment,” said Linda Boland Abraham, comScore chief marketing officer and executive vice president for global development.
“We have seen that women across the globe share some similar usage patterns online, such as strong engagement with social networking sites, but it’s also important to understand gender differences on a regional, country and local level, where cultural differences are continually shaping online usage and content consumption.”
Globally, women demonstrate higher levels of engagement with social networking sites than men. Although women account for 47.9 percent of total unique visitors to the social networking category, they consume 57 percent of pages and account for nearly 57 percent of total minutes spent on these sites.
Women spend significantly more time on social networking sites than men, with women averaging 5.5 hours per month compared to men’s 4 hours, demonstrating the strong engagement that women across the globe share with social sites.
To download a copy of Women on the Web: How Women are Shaping the Internet, see: www.comscore.com/WomenOnTheWeb
Tags: comScore, Internet/New Media, reports, Reston, VA, Women on the Web Posted in Internet/New Media, Studies, surveys, reports | Comments Off
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