Stylesight and China Textile Information Center (CTIC) Announces Exclusive Operational Partnership for Mainland China

PR Newswire

Collaboration Will Expand Stylesight Offering in Growing China Market

NEW YORK, Dec. 6, 2011 /PRNewswire-Asia/ -- Stylesight( http://www.stylesight.com ), the industry-leading global content and technology provider for professionals in the style, fashion and design sectors, announces an exclusive operational partnership with the China Textile Information Center (CTIC). Stylesight is now the official partner for all CTIC online initiatives, while CTIC, part of the China National Textile and Apparel Council (CNTAC), will assume all sales, marketing and client services for Stylesight in mainland China.

"I have spent the majority of 2011, along with my new partner, Hu Song, Vice President of CTIC, working to create an online vision for China's style and design industry that recognizes China's great strides in design while outlining our mutual online vision for the future," says Frank Bober, Founder and CEO of Stylesight. "In this new partnership, Stylesight and CTIC will provide China's entire style industry with online content and tools to make jobs more efficient, and promote further creativity and inspiration. I am very proud to be partnering with CTIC in this game-changing endeavor."

"As a national industry development and service organization, the China Textile Information Center is committed to one mission when choosing partners and projects - they must help the Chinese textile and garment industry to evolve from a 'scale economy' to a 'value economy', and from a manufacturing-focused industry to a fashionably creative industry," says Hu Song, Vice President of CTIC.

"As a global leader in content, Stylesight is not only able to provide a substantial amount of industry information to textile and garment companies, but also provide a capable and convenient professional platform with designer tools that enable design professionals to see more and accomplish more. We plan to further strengthen our collaboration as we move forward, and Stylesight will help to promote Chinese fashion culture, product trends and new products to the rest of the world. Our collaboration focuses on information, fashion and creativity, which I believe will help advance the idea of 'Made inChina' to 'Designed in China'."

Stylesight's current platform, along with online offerings from CTIC, will be the initial focus. Additional offerings are planned as the partnership rolls out in 2012. Through CTIC and CNTAC, the partnership intends to serve the entire creative supply chain from product inspiration, through raw material research and design creation.

The new alliance will work closely with other Chinese industry associations including the China Fashion and Color Association (CFCA) and the China National Garment Association (CNGA) to create compelling content and events that complement Stylesight's offering in China. CTIC will be instrumental in assisting Stylesight in analyzing, obtaining and creating more relevant local content through their in-depth knowledge of the local China market. Stylesight subscribers will also have access to the CNCS color library, adding to Stylesight's already vast color offering. This makes Stylesight the only service in China to provide users access to CNCS virtual color chips.

 The CTIC/Stylesight team will be housed at China's Shanghai Mart, the hub of the design community in Shanghai, and the newly launched Innovation Park, Beijing, Guangzhou, Fujian.

About Stylesight

Stylesight is the industry-leading global content and technology provider for professionals in the style, fashion and design sectors. Combining visionary trend forecasting and indispensable analysis with an online workspace designed to help analyze and anticipate the ever-changing marketplace, Stylesight brings value to designers looking for inspiration and more time to be creative, as well as managers looking for cost savings and ROI. Stylesight is headquartered in New York, London andHong Kong, with additional satellite offices stationed in style capitals spanning the globe.

Find out why Stylesight is the fastest growing company of its kind, signing over 100 new companies around the world each month. Learn more at Stylesight.com( http://www.stylesight.com ) and see what all the buzz is about.

Stay in touch and up to date with Stylesight via Facebook( http://www.facebook.com/stylesighters ), Twitter( http://twitter.com/#%21/stylesight ) and Tumblr( http://stylesight.tumblr.com ).

SOURCE Stylesight

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IBM Extends Smarter Cities Initiative through Acquisition of Cúram Software

DUBLIN, Ireland & ARMONK, N.Y. - 05 Dec 2011: IBM (NYSE: IBM) has signed a definitive agreement to acquire Cúram Software Ltd. to help governments improve the efficiency, effectiveness and accessibility of social programs for smarter cities.   Financial terms were not disclosed.

Cúram Software is used in more than 80 government agency projects around the world to provide the most appropriate social programs to citizens and their families in a timely manner, deliver services more effectively and continuously monitor progress toward achieving people’s social and economic potential.  The software is used by health and human services, workforce services, and social security organizations around the world to deliver welfare, social insurance and both individual and employer based social programs. 

Cúram Software allows cities and governments to provide a single view of benefits and services available across agencies, levels of government and private and not-for-profit organizations.   The Social Industry Platform includes processes to deliver all types of programs and offers the flexibility needed to quickly update them as policy makers react to different economic times.   Cúram Software’s Platform also allows government and providers to focus on lowering overall program costs by ensuring that the benefits and services provided address core issues and that people become more self-sufficient. 

Cúram, which means “care and protection” in Irish, was founded in 1990 and is based in Dublin, Ireland.  One of the company’s investors was Enterprise Ireland, which helps Irish companies achieve global success. 

Through its Smarter Cities initiative, IBM helps cities and governments serve citizens better by adopting more intelligent and efficient ways to analyze data, anticipate problems and coordinate resources.   IBM has led more than 2,000 projects to achieve these goals and through its acquisition of Cúram Software, IBM expects to extend its leadership in this area. 

IDC Government Insights estimates the new Smarter Cities information technology market opportunity at $34 billion in 2011, increasing more than 18 percent per year to $57 billion by 2014. 

Today’s news also builds on IBM’s Smarter Cities initiatives in Ireland.  Last year the company opened its first Smarter Cities Technology Center in Dublin at IBM’s R&D Lab,  where IBM works with city authorities, universities, small and large businesses to research, develop and commercialize new ways of making city systems more connected, sustainable and intelligent.  With the addition of the Cúram Research Institute -- which is working to develop and deploy new business models for managing social programs -- IBM will enhance its ability to help clients increase the social and economic potential of people and their families. 

“We are working to help cities and governments at all levels transform the way they interact with citizens while improving efficiency,” said Craig Hayman, General Manager of IBM Industry Solutions.  “We all have stories to tell about standing in long lines or making countless phone calls to gain access to government services, but it doesn’t have to be that way.  Together with Cúram, IBM can transform the way citizens do business with government in a way that benefits everyone.” 

Since 1999, IBM and Cúram have collaborated on federal, state, local, and provincial-level social program solutions around the world.  More than 90 percent of Cúram’s clients use IBM WebSphere middleware and nearly 70 percent of its clients use IBM hardware.  Cúram’s software is certified for use with the IBM Government Industry Framework and has been part of IBM Global Business Services’ Integrated Case Management solution since 2001.  

“After 13 years of experience working with IBM, we know our companies are an excellent fit”, said John Hearne, CEO, Cúram Software.  “Many of our clients already use IBM technologies and services, and they will benefit from working with Cúram and IBM as one.  Through IBM’s global reach, we can grow our client base by bringing the benefits of Cúram’s Social Industry Platform to citizens around the world.” 

IBM’s announcement of its plan to acquire of Cúram Software follows a series of moves IBM made this year to enhance its offerings for cities and governments.   In June, the company introduced the IBM Intelligent Operations Center, which provides a unified view of all city agencies so officials can predict events and quickly respond.  Shortly thereafter, IBM announced it planned to acquire i2, a leading provider of intelligence analytics for crime and fraud prevention.  The acquisition was completed in October. 

After the acquisition is completed, Cúram Software will be integrated into IBM's Software Group, which is a key driver of growth and profitability for the company.  Cúram has approximately 700 employees.  In addition to its headquarters in Dublin, the company has offices in Herndon, VA.; Toronto; Frankfurt, Germany; Canberra, Australia and Bangalore, India.  The acquisition is anticipated to close by the end of December subject to the satisfaction of customary closing conditions and applicable regulatory reviews.

About Cúram Software

Cúram Software is the leading provider of social program software solutions, delivering best-in-class solutions for social enterprises globally including, health and human services, workforce services, and social security organizations. Using Cúram’s solutions, agencies can immediately reap the benefits of client-centric business processes and an outcomes-driven integrated service delivery model Cúram’s solutions, underpinned by the Cúram Social Industry Platform, combines the advantages of software built specifically for social programs, an enterprise platform and service-oriented architecture with the business and technical flexibility required to allow agencies to implement solutions to meet their strategic objectives. Cúram Software is headquartered in Dublin, Ireland with offices throughout North America, Europe, Australia, and India. For more information, visit www.cúramsoftware.com.

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RedBrick Health Achieves 100% Growth in Lives Covered Over Last Six Months

Seagate, Serco and ABB join rapidly growing roster of Fortune 1000 companies embracing RedBrick’s Health Engagement Technology to re-invigorate their employee health & wellness initiatives

MINNEAPOLIS (November 29, 2011) ­– RedBrick Health, an emerging leader in consumer health engagement technology, announced today a significant expansion in the roster of large companies selecting RedBrick to deliver integrated, technology-enabled health and wellness services. This recent growth represents a 100 percent increase in lives touched by RedBrick technology in the past six months, and a 600 percent increase in the past two years. RedBrick continues to attract large and jumbo employers wishing to gain increased program performance, with an average client size now exceeding 18,000 eligible lives.

Among its newest clients to sign on to RedBrick’s health engagement technology are ABB, a leader in power automation technologies, Seagate, a worldwide leader in hard disk drive and storage solutions, and Serco, a provider of IT, professional and managed services to the federal government. These organizations join a rapidly growing roster that have shifted to RedBrick based on its superior track record for using innovative products to engage employees and deepen engagement in health and wellness initiatives.

“With RedBrick’s innovative, data-driven platform, strong rates of employee engagement and a demonstrated return on investment, it was clear that they were the right partner to help us achieve significant savings on our company’s overall healthcare expenditures,” said Phil Lloyd, ABB's Region Human Resources Manager, North America. “We believe that RedBrick’s unique technology will play a key role in helping our employees take positive steps to living healthier, now and into the future.”   

At the heart of this explosive growth is RedBrick’s adaptable technology platform that blends consumer-facing personalization, social engagement, and a flexible financial alignment toolset, which yield engagement rates two to five times industry norms. “Companies are reinventing the way they approach employee health and wellness,” said Daniel Ryan, chief executive officer for RedBrick Health. “Our platform offers a fresh, innovative approach to improving the health of employees and reducing overall healthcare costs.”

RedBrick’s comprehensive and integrated health and wellness solution gives employers a customizable platform that changes the financing of healthcare by fairly aligning costs with individual healthy behaviors, while at the same time setting the stage for a healthier and more productive workforce.

About RedBrick Health

RedBrick is a health engagement technology company that helps employers reinvigorate their health and wellness programs. The company combines financial accountability, clinical and behavioral insight, social and game mechanics and powerful data analytics to create a personalized and persuasive experience delivered through web, mobile and live interactions. As a result, RedBrick drives healthy behaviors, better outcomes, and stronger returns on everyone’s investment in health. RedBrick serves large, self-insured employers and strategic distribution partners. Visit RedBrick at redbrickhealth.com, read more athealthinnovationblog.com or follow the company at twitter.com/redbrickhealth.

Contact

Caroline Landree
Maccabee Group
612-294-3125
caroline@maccabee.com

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Asset Control voted Readers’ Choice best enterprise data management product/service at Banking Technology awards

London and New York, Thursday 17th November 2011 – Asset Control, provider of financial data management solutions and services, has won the 2011 Banking Technology Reader’s Choice Award for best enterprise data management product/service. This award further demonstrates the significant market leadership Asset Control has achieved in the data management domain.

"We are delighted to have received this award, particularly as it was voted for by end-users,” commented John Mitchell, VP Global Sales at Asset Control. “This award is further recognition of the dramatic changes that have taken place in the financial services industry and the increased emphasis being placed on the quality of data. Regulation, risk and transparency are now more important than ever and it is very rewarding to be recognized by our customers and peers as delivering a service that acknowledges and addresses this evolution."

David Bannister, Editor of Banking Technology, said: "It was a pleasure to have presented Asset Control with this particular award for the second time. Given the increasing importance of data management, this specific accolade is proving to be one of the most hotly contested awards we have. The banking industry continues to face extremely challenging times, and building out scalable infrastructures across geographies, business lines and technology is crucial. The Banking Technology Readers’ Choice Awards are a unique opportunity for banks and other purchasers of these systems to publicly recognize the companies and solutions that are helping them manage - and even thrive - in this environment."

Asset Control takes great pride in the fact that the majority of the Banking Technology Award winners are its clients, including: Standard Chartered, Credit Suisse and Santander. The awards were presented by Banking Technology magazine's editor, David Bannister, at an evening ceremony held at the Grand Connaught Rooms in London on November 10, 2011.

Asset Control’s leading financial data management solutions are the most comprehensive available, encompassing the full spectrum of reference and time series data for the needs of the front, middle and back offices. Its suite of products allows financial institutions to respond efficiently and easily to customer demands, new regulations and the rapidly changing marketplace.

- ends -

About Asset Control

Asset Control offers a combination of proven technology and expert knowledge to ensure that financial organizations have the accurate, accessible and actionable data that is necessary to drive their business. Asset Control has been providing data management solutions to leading financial institutions for more than 21 years. It helps companies define their data management processes and then provides flexible, easily-integrated solutions that feed accurate, accessible and actionable data to its customers' downstream systems, including risk management, compliance, trading, modeling, order management, accounting and audit. Asset Control's solutions are completely data neutral, and aggregate data from all of a customer's chosen sources. Its tailored products serve leading companies across the financial services industry, and the company is strongly focused on delivering solutions that meet customer expectations. For more information, visit www.asset-control.com.

Follow us on Twitter: http://twitter.com/asset_control 

Connect with us on LinkedIn: http://www.linkedin.com/company/asset-control 

Steph Johnson/Katy Galasinski
Aspectus PR
+1 646 274 1348/+44 20 7092 8131
assetcontrol@aspectuspr.com

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Best Buy to Acquire mindSHIFT® Technologies, Inc. for $167 Million

Acquisition adds small and mid-sized business IT offerings

MINNEAPOLIS, Nov. 7, 2011 - Best Buy (NYSE: BBY) said today that it has reached an agreement to acquire mindSHIFT Technologies, Inc., the nation's leading managed service provider (MSP) for small and mid-sized businesses, for $167 million. The transaction will help accelerate Best Buy's growth in the small and mid-sized business IT services category.  mindSHIFT provides cloud services, data center services and professional services to more than 5,400 clients and 25,000 managed desktops in key markets throughout the United States.

The combination of mindSHIFT 's capabilities and Best Buy's points of distribution through its retail, Geek Squad services and Best Buy For Business operations is expected to create a competitive advantage that would provide an opportunity for the two companies to capture greater share within the estimated $40 billion small and mid-sized business MSP market.  mindSHIFT, the current MSP category leader for small and mid-sized business, has been named the top-ranked business in the MSP space in the United States for the past three years, and the leading MSP in the world in 2009 and 2010 by trade publication MSPmentor.

 "There's no question that acquiring the skills, capabilities and clients of mindSHIFT has the potential to help expand Best Buy's global services capabilities in the vast small and mid-sized business market," said George Sherman, senior vice president of Best Buy Services.  "As important, the mindSHIFT team will bring added experience, talent and resources to the remote support capability we have been building within our multi-channel tech service unit Geek Squad."

 "We are very closely aligned with Best Buy in both corporate vision, and in our culture of integrity, customer value and results," said Paul Chisholm, chairman and CEO of mindSHIFT. "Best Buy is committed as a corporate objective to expand its small business IT services business, and mindSHIFT will be one of the foundations of this strategy."

Through the acquisition, Best Buy will help mindSHIFT expand its capabilities for current and future small and mid-sized business clients in industries such as legal, healthcare, financial, non-profits, associations and education. Like Best Buy's purchase of Geek Squad in 2002, the goal of the acquisition is to support and leverage the proven mindSHIFT business model while giving its management the freedom and resources to grow.  mindSHIFT will continue to operate under its current name, management team and capabilities, which currently include 500 employees at offices in Boston; Long Island, N.Y.; Minneapolis; Morrisville, N.C.; New York City; Philadelphia and Washington, D.C. 

The transaction, which is expected to close on or around calendar year-end, is subject to customary closing conditions.

The Bank Street Group LLC served as Exclusive Financial Advisor to mindSHIFT in connection with this transaction.

About Best Buy Co., Inc.
Best Buy Co., Inc. (NYSE: BBY) is a leading multi-channel global retailer and developer of technology products and services. Every day our employees - 180,000 strong - are committed to helping deliver the technology solutions that enable easy access to people, knowledge, ideas and fun. We are keenly aware of our role and impact on the world, and we are committed to developing and implementing business strategies that bring sustainable technology solutions to our consumers and communities. For information about Best Buy, visit www.bby.com and to shop at Best Buy, visit www.bestbuy.com.

Media Contacts:

Paula Baldwin                                                                          
Director of Public Relations, Best Buy
612-291-6126 or paula.baldwin@bestbuy.com

Susan Busch
Senior Director of Public Relations, Best Buy
612-291-6114 or susan.busch@bestbuy.com

Lisa Masiello
mindSHIFT Technologies
617-243-2757 or lisa.masiello@mindshift.com

Jim Garvey
mindSHIFT Technologies
631-864-0271 or jim.garvey@mindshift.com

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Xoom Expands Availability of Money Transfer Service with Retail Partnership

 

SAN FRANCISCO, Calif., November 01, 2011 - With increased consumer demand for more convenient and fairly priced money transfer services, Xoom Corporation today announced the launch of an online international money transfer service through Walmart.com.

Customers can now send money online via Walmart.com 24/7 to 30 countries in Latin America, Asia and Europe. Money can be picked up in cash at any of thousands of locations or deposited quickly to bank accounts. The service is available through Walmart.com’s Online Money Center. 

“Xoom is thrilled to partner with Walmart.com to offer this secure, easy to use and affordable money transfer service,” said John Kunze, Xoom’s President and CEO, “Xoom is committed to providing our customers with breathtakingly fast, easy and fairly priced money transfer experiences.”

About Xoom Corporation
Xoom was founded in 2001 and is now one of the biggest and most trusted online money transfer companies in the US. Xoom offers safe and secure sending options from the convenience of your computer.

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Prosper.com Announces 367% Year-Over-Year Growth in P2P Lending

Best-in-Category Seasoned Returns Increase to 10.69%, Drive Record Growth

 SAN FRANCISCO, CA--(Marketwire - Oct 20, 2011) - Prosper.com, a peer-to-peer (P2P) lending marketplace for personal loans that brings together creditworthy borrowers with individual and institutional investors, today released its P2P lending results for September 2011. The results showed a 367% year-over-year increase in loans funded compared to the third quarter of 2010, marking 12 consecutive months of growth. Prosper also announced that its strong risk performance has resulted in an increase in its seasoned returns to 10.69%*, the best in the P2P lending industry.

Prosper is the only P2P lender to report seasoned returns. Seasoned returns are a more conservative and accurate indicator of returns, reflecting a loan or portfolio of loans that has matured enough for the performance to have stabilized. This return is thought to more accurately reflect the true underlying return of the asset.

"Prosper's strong credit engine and risk scoring system continues to deliver the industry's highest and most consistent seasoned lender returns, which in turn are driving Prosper's exceptional growth," said Chris Larsen, Prosper's chief executive officer and co-founder. "As investors seek an alternative to the traditional banking model in this yield-starved environment, they are finding P2P lending to be a compelling asset class, and Prosper to be the reliable, trusted P2P lending company."

Additional data for September include:

  • Record September origination volumes;
  • 11.4% compound monthly growth rate over the last 12 months;
  • Actual annualized loss rate of 5.48% continues to beat forecast loss rate of 7.14%**, indicating that Prosper continues to forecast conservative loss rates for investors;
  • 90% of loans are 3-year term loans, delivering short-duration, fixed-income cash returns for income-oriented investors;
  • High-credit quality consumer loans: 737 average Experian Scorex PLUS*** credit score for first time borrowers.

"P2P lending represents a tremendous opportunity for the many individual and institutional investors seeking an alternative source of high-yield current income from a reliable, trustworthy investment source," said Joe Toms, Prosper's chief investment officer. "Our complete reporting transparency, rigorous analytics, and consistent track record of producing superior risk-adjusted returns are a clear validation of the robustness of our credit model and our experienced risk performance team. This powerful combination has allowed us to deliver industry-best returns and create a compelling investor experience."

Prosper provides full transparency of all P2P investor returns and offers a detailed comparison of risk return performance on the Prosper Blog.

Debt consolidationhome improvement and small business-related loans remain the leading loan categories on Prosper.com. To learn more about Prosper's lender returns, competitive personal loansand small business loans, visit http://www.prosper.com.

* Net Annualized Returns represent the actual returns on Borrower Payment Dependent Notes ("Notes") issued and sold by Prosper since July 15, 2009. To be included in the calculation of Net Annualized Returns, Notes must be associated with a borrower loan originated more than 10 months ago; this calculation uses loans originated through November 30, 2010. To calculate Net Annualized Returns, all payments received on borrower loans corresponding to eligible Notes, net of principal repayment, credit losses and servicing costs for such loans, are aggregated then divided by the average daily amount of aggregate outstanding principal for such loans. To annualize this cumulative return, the cumulative number is divided by the dollar-weighted average age of the loans in days and then multiplied by 365. Net Annualized Returns are not necessarily indicative of the future performance of any Notes. All calculations made as of September 30, 2011.

** Annual loss rate represents the actual losses on Borrower Payment Dependent Notes ("Notes") issued and sold by Prosper since July 15, 2009. To be included in the calculation of annualized loss rate, Notes must be associated with a borrower loan originated more than 10 months ago; this calculation uses loans originated through November 30, 2010. To calculate the annual loss rate, the net credit losses corresponding to eligible Notes are aggregated then divided by the average daily amount of aggregate outstanding principal for such loans. To annualize this rate, the cumulative number is divided by the dollar-weighted average age of the loans in days and then multiplied by 365. The forecast loss rate represents the Estimated Annual Loss Rates we provided for the borrower listings corresponding to the Notes included in the calculation of annual loss rate.

We only include Notes that have been outstanding for at least 10 months in these calculations because we believe loss rates on less seasoned Notes are less reliable indicators of likely loss rates on such Notes over their lifetime. For comparison's sake, the annual loss rate on all Notes booked from July 15, 2009 through September 30, 2011 is 3.9%. All calculations made as of September 30, 2011.

*** Average Experian Scorex PLUS credit score of loans originated on the platform from July 15, 2009 through September 30, 2011. The average is weighted by the originated dollar amount of the loan.

About Prosper
Prosper Marketplace Inc., a peer-to-peer lending marketplace that brings together creditworthy borrowers with individual and institutional investors, allows people to invest in each other in a way that is financially and socially rewarding. Individual and institutional investors invest in minimum increments of $25 on loan listings they select. In addition to credit scores, ratings and histories, investors can consider borrowers' personal loan descriptions, endorsements from friends, and community affiliations. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors.

Prosper was co-founded by Chris Larsen, co-founder of E-LOAN. Prosper has raised $74.85 million in venture capital and is backed by financial and technology luminaries including, Jim Breyer of Accel Partners; Tim Draper of Draper Fisher Jurvetson; Jerome Contro of Crosslink Capital, CompuCredit; Omidyar Network; Capital One Co-founder Nigel Morris of QED Investors; Court Coursey of TomorrowVentures; Larry Cheng of Volition Capital. 
Notes offered by Prospectus.

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Split Rock Partners Finances Black Duck Software

A $12M round of financing has been closed by Black Duck Software (News - Alert). New investor Split Rock Partners was the main investor in this round of financing. The existing investors had also participated in the financing. Acceleration of growth is the main focus of Black Duck Software. Apart from advancing key development projects, the company will continue its acquisition and expand its global presence with the funds received. Since 2009, the company has also been cash-flow positive. An announcement in this regard has been made by the top company in open source software knowledge, adoption and governance, Black Duck Software.

General Catalyst Partners, Volition Capital formerly known as Fidelity Ventures and Flagship Ventures are some of the current investors for Black Duck. The company’s other current investors include Focus Ventures, Intel Capital, SAP (News  - Alert) Ventures and Red Hat.

The Black Duck Suite is the flagship product of Black Duck. The enterprise-scale use and management of open source software or OSS in software development is enabled by the Black Duck Suite.

In a release, Jim Simons, Managing Director of Split Rock Partners (News - Alert), said, "What drew our attention to Black Duck was their dramatic growth and the successful evolution of their business from compliance and code-scanning to a provider of enterprise scale products and services that enable the broad adoption and governance of open source software."

According to Simons, a sector with a $1B market opportunity is now headed by the company. Ensuring effective use of open source by the development organizations across the globe to enhanceproductivity and innovation has been the focus of the company.

Leo de Luna, Black Duck Board Observer at Split Rock Partners, said, "We've been extremely impressed with the leadership team's ability to execute in a competitive market and uneasy economic times, and are pleased to have the opportunity to help Black Duck accelerate its growth and expand its footprint."

Significant growth in excess of 35 percent in year-over-year sales has been posted by Black Duck. The company also added 69 new customers in the third quarter of 2011. The company now employs 150 employees. The financing was therefore offered on the basis of Black Duck’s significant growth.


Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Rich Steeves

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GlobalTranz named no. 2 Fastest-Growing Company in Arizona

GlobalTranz Recognized at 2011 ACE Awards

(Phoenix, Ariz.) September 26, 2011 – GlobalTranz, a leader in the third party logistics and transportation industry, has been named the second fastest-growing company in Arizona and 29th largest in revenue for privately held companies in the state at this year’s Arizona Corporate Excellence (ACE) awards held on September 20.

The ACE awards, which is an event developed by Phoenix Business Journal, recognize the top private companies in the state of Arizona for two separate categories: annual revenue and year-over-year growth. The Scottsdale Center for the Arts hosted this year’s event.

Founder and CEO of GlobalTranz Andrew Leto said GlobalTranz maintains its growth through the years by introducing new technologies and focusing on the 5-6 percent of gross domestic product that is transportation. He also believes that growth for the company first comes from within the company. CFO Mark Schonau said, “Being named the second fastest-growing company in Arizona is a great honor and testament to the company that Andrew Leto built from scratch.” He also finds the fact that GlobalTranz won this award with no acquisitions especially rewarding.

For more information, please see Phoenix Business Journal’s article:

http://www.bizjournals.com/phoenix/pdf/ACE_2011.pdf

 

About GlobalTranz

GlobalTranz is a privately held logistics management firm based in Phoenix, Arizona that specializes in carrier, supply chain and warehouse management.Founded in 2003, GlobalTranz has become the premiere provider of supply chain management technology, available at CarrierRate.com, which optimizes the flow and storage of merchandise as goods and materials move within the supply chain. GlobalTranz continues to see tremendous growth each year. Working with its Agents, GlobalTranz consistently strives to create an environment where carriers and shipping customers establish mutually beneficial solutions, optimized carrier transit times and operational strengths through the integration of technology, strategic partnerships and fervent customer service.

 

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Volition Capital Announces New Senior Associate Hire

Jake Colognesi joins from the Tuck School of Business at Dartmouth

BOSTON, Massachusetts, August 3, 2011 -- Volition Capital, a technology-oriented growth equity and venture capital firm, announced that Jake Colognesi has joined the firm as a Senior Associate.  Jake will focus on software, technology-enabled services and Internet investments.

Jake joins Volition with previous investment experience as an Associate at Fidelity Ventures, where he played a role in sourcing, evaluating and executing growth equity transactions.  He was involved with investments in Vibes Media and GeoLearning (acquired by SumTotal).  Jake was previously an Analyst at Cowen and Company.  He received a BA from Colby College in 2005 and an MBA from the Tuck School of Business at Dartmouth in 2011.

"We are thrilled to welcome Jake to the firm," said Sean Cantwell, Partner at Volition Capital.  "His strong previous experience combined with his investment judgment and work ethic will prove valuable as we continue to seek new investments in high-growth founder-owned businesses."

About Volition Capital

Volition Capital is a growth equity and venture capital firm established in 2010 that focuses on investing in high-growth, founder-owned technology businesses across the U.S. and Canada.  The firm targets companies that generally have between $5 million and $50 million in revenue with demonstrated capital efficiency.  Volition Capital's portfolio comprises over #350 million of invested capital across 23 companies in the United States and Europe.  The firm specializes in software, Internet, information services and tech-enabled services companies that have operating discipline and aspirations for greatness. (www.volitioncapital.com)

Contact: Media Relations - 617-488-9308

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Volition Capital Announces Promotion of Sean Cantwell to Partner

Volition Capital, a technology-oriented growth equity and venture capital firm, announced that Sean Cantwell has been promoted to Partner.  Sean focuses on software, technology-enabled services and Internet investments. 

"Sean has distinguished himself as one of the rising stars in the growth equity industry, and we are pleased to recognize his exceptional performance with this promotion," said Larry Cheng, Managing Partner, Volition Capital.

"Sean has consistently exhibited great character, leadership, and investment judgment," said Roger Hurwitz, Managing Partner, Volition Capital.  "He has made significant contributions to the firm and we are pleased to formally welcome him to the leadership of Volition Capital."

Sean Cantwell presently sits on the Board of Directors for iPipeline, G5 Search Marketing, Ping Identity, and EnterpriseDB.  He is also involved with investments in GlobalTranz, Vibes Media, MFG.com and Teliris.  In addition, Sean was instrumental in the successful exit of GeoLearning (acquired by SumTotal).

Prior to joining Volition Capital, Sean was a Vice President at Fidelity Ventures and worked at Summit Partners where he focused on technology growth equity investments.  Sean began his career at Arthur Andersen.  He received a Bachelor of Business Administration degree from the University of Notre Dame and an MBA from Harvard Business School.

About Volition Capital

Volition Capital is a growth equity and venture capital firm established in 2010 that focuses on investing in high-growth, founder-owned technology businesses across the U.S. and Canada.  The firm targets companies that generally have between $5 million and $50 million in revenue with demonstrated capital efficiency.  Volition Capital's portfolio comprises over $350 million of invested capital across 23 companies in the United States and Europe.  The firm specializes in software, Internet, information services and tech-enabled services companies that have operating discipline and aspirations for greatness. (www.volitioncapital.com,)

Contact: Media Relations - 617-830-2903

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Cortera Risk Data and Reporting Solution Becomes An SAP-Endorsed Business Solution

Cortera Risk Data and Reporting integrated with SAP applications to enable customers to access trusted Cortera business information, powerful analytics, risk scores and more in real time

Cortera, a leading information provider that compiles insights on U.S. businesses, today announced that its Cortera Risk Data and Reporting solution is now an SAP-endorsed business solution.  The solution provides companies of all sizes and industries with new insights about other businesses.  The information can be integrated with the SAP BusinessObjects Spend Performance Management application through the SAP BusinessObjects Data Enrichment and Classification OnDemand solution, where Cortera's wide array of information on businesses can be combined with customer data and global content to improve both the reliability of data and decision making.  The integration allows customers to leverage their investments in solutions from both SAP AG and Cortera for a clearer view of their suppliers and customers. 

"As the web of suppliers becomes increasingly complex, businesses are looking for innovative ways to mitigate risk throughout their supply chain," said Jim Swift, president and CEO of Cortera.  "SAP's endorsement of Cortera Risk Data and Reporting enables companies to leverage new information products that easily integrate into their risk management business processes."

Cortera Risk Data and Reporting leverages new types of data in addition to traditional risk information and is powered by an innovative approach to technology that provides fast and flexible data delivery.  The combination of robust information and powerful analytics allowes businesses to be smarter about their risks, enabling them to anticipate actions and evaluate potential responses and outcomes. 

"Our customers are shifting away from transaction management, looking for more reliable, business-level information that serves as critical input to drive compliance, strategy and business insight, especially across the procurement, supply chain and finance lines of business," said Sanjay Poonen, president Global Solutions, SAP.  "Cortera's solution complements SAP BusinessObjects Spend Performance Management to help minimize supplier risk."

Solutions endorsed by SAP are complementary to SAP software offerings, are developed in accordance with SAP development guidelines, and provide additional choices and flexibility for businesses running SAP applications.  As part of the agreement between Cortera and SAP, both companies will share technology and product roadmaps. 

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Inc. Magazine Names G5 one of America’s Top Small Company Workplaces

Bend-based Software Firm Tops the List with Outstanding Work Environment

G5, the leading provider of vertical-specific Local Marketing Solutions for mid-market companies, was named one of hte 50 2011 Top Small Company Workplaces by Inc. magazine and Winning Workplaces in Inc.'s June issue.  The annual contest recognizes the nation's best company work environments among businesses with fewer than 500 full-time employees. 

Every year since 2003, Winning Workplaces, an Evanston, IL - based nonprofit organization, has recognized those firms that attribute much of their business success to their commitment to exemplary people practices and outstanding workplace cultures.  G5's unique workplace culture includes a dog-friendly office environment, a company-wide Autonomy Day, flexible summer hours and a robust health and wellness program, among other benefits. 

Award Methodoly

A national panel of experts in leadership and small to mid-sized business judged the finalists.  Selections were based on specific metrics and qualitative assessments of the finalists' success in creating the kind of workplaces that engage employees and deliver bottomline results.  

"This year's winning firms distinguish themselves in so many ways," asserts Ken Lehman, chairman of Winning Workplaces.  "They are steadily growing their revenues, often outperforming their industries; have identified niches where they add unmatched value; and are guided by strong missions and values.  And, they make no secret of the fact that a key driver behind their success is their engaged and committed workforces."

"These firms represent some of the finest privately held companies in the world," states Bob LaPointe, president of Inc. "Their stories, appearing in the June issue of Inc., clearly demonstrate that taking an innovative approach to creating the right culture - one in which human capital is embedded in a company's value proposition - can create real competitive leadership.  Each of these Top Small Company Workplaces offers an environment in which people flourish and, as a result, profit follows."

"We're honored to have made Inc.'s list of Top Small Company Workplaces," said G5 CEO Dan Hobin.  "We're committed to helping our employees thrive, because they ultimately enable our business to thrive.  Our corporate culture is a critical component of our success."

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Black Duck Software Honored as 2011 SBANE Innovation Award Winner

Black Duck Software, the leading global provider of strategy, products and serviceds for automating the management, governance and secure us of open source software, is proud to announce it has been awarded the prestigious 2011 Innovation Award by the Smaller Business Association of New England (SBANE).  Chosen from a field of 185 companies, Black Duck was one of just nine winners recognized by SBANE at the 25th annual New England Innovation Award gala. 

Black Duck was honored for innovation that helps organizations find, use and effectively manage open source software (OSS).  Found in everything from smartphones to automobiles, microwaves to GPS devices, and social media to enterprise software solutions, OSS is critical to innovation in all markets and geographies. 

"The SBANE awards recognize companies that are innovative in their own right while also fueling growth and prosperity by providing ground-breaking solutions to challenging business problems," said Black Duck CEO and President Tim Yeaton.  "We are pleased to be in the company of such admired organizations that have transformed innovative ideas into products and services which deliver proven value to customers and communities."

SBANE's annual awards recognize regional organizations that create innovative products and services to drive the New England economy.  Past Innovation Award winners include notable companies such as Staples, Zipcar, Ben & Jerry's, Brooks Automation, Genzyme and iRobot, from industries such as technology, manufacturing, service (profit and non-profit) and retail/distribution.  The annual awards program was launched in 1986. 

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Lincoln Benefit Life Launches iPipeline's iGo e-App

iPipeline®, the leader in on-demand software that supports marketing, selling, and processing solutions for the nation's top insurance carriers, distributors and producers, today announced that Lincoln Benefit Life, a wholly-owned subsidiary of Allstate Life Insurance Company, has selected iGO e-App® for use with selected Universal Life, Term, and Indexed Universal Life products. Designed to reduce errors and speed application processing, iGO e-App enables brokerage producers to accelerate sales by reducing cycle time and leveraging e-Signature and e-Submission to achieve straight-through processing. To ensure all applications are reviewed prior to submission to Lincoln Benefit Life, the launch includes iPipeline's Go/No-Go add-on for Case Manager approval. Lincoln Benefit Life is scheduled to go live with their initial product launch in late February.

"Through our exclusive network of 1,300 distributors, iGO e-App delivers speed-to-market advantages to carriers in brokerage. We are excited to have Lincoln Benefit Life on board as a valued partner and look forward to supporting their enviable record of growth."

"Lincoln Benefit Life is an industry innovator with an impressive record of performance in the brokerage industry from life and annuity sales. Their decision to implement e-Submission and e-Signature will enhance the selling process for producers and buying process for consumers, while accelerating underwriting activities," said Tim Wallace, CEO, iPipeline. "Through our exclusive network of 1,300 distributors, iGO e-App delivers speed-to-market advantages to carriers in brokerage. We are excited to have Lincoln Benefit Life on board as a valued partner and look forward to supporting their enviable record of growth."

"Lincoln Benefit Life is synonymous with the special brand of service offered to our producers and customers across the entire channel. By deploying the next-generation in marketing, selling and processing solutions, we will receive higher-quality submissions from producers, reduce cycle time, and increase customer satisfaction. This is a significant gain for us," said Debbie Grenemeier, Vice President, Sales Management, at Lincoln Benefit Life. "Our intention is to constantly improve how we engage our distributors and customers. iPipeline's platform has a lot to offer the channel, and we are committed to making the Lincoln Benefit Life selling and buying experience one of the best in the industry."

New carrier participation in iPipeline's Insurance Cloud was unprecedented in 2010. To learn how you can implement iPipeline's solutions to support the marketing, selling and processing of insurance and financial products, contact sales@ipipeline.com or call 1-800-758-0824, option 2. View our iGO e-App video by clicking here.

Lincoln Benefit Life Company

Lincoln Benefit Life Company, based in Lincoln, Nebraska, is a strong leader in the life insurance and annuities industry. Backed by the strength and household familiarity of the Allstate name, Lincoln Benefit Life is a wholly-owned subsidiary of Allstate Life Insurance Company. Lincoln Benefit Life has experienced tremendous growth in the brokerage industry with its broad portfolio of life insurance and annuity products. Founded in 1938, Lincoln Benefit Life now has more than 69,000 licensed independent agents and $356.6 billion of life insurance inforce.

 

About iPipeline:

iPipeline leads its industry in providing the next-generation suite of sales distribution software to the insurance and financial services markets through its on-demand service. iPipeline's channel solutions for carriers, distributors, and producers automate activities for CRM, forms distribution and processing, quotes and illustrations, in Good Order e-Applications, agency management, and policy delivery and related services, enabling the insurance industry to market, sell, and process faster.iPipelineprovides the process automation and seamless integration needed to make a sale by aggregating approximately 200 carriers, 1,300 distributors, and financial professionals and advisors in a single, Web-based environment -- the iPipeline Customer Network. With headquarters in Exton, Pennsylvania, iPipeline has offices in Atlanta, Charlotte, Milwaukee, Salt Lake City, and Vancouver. Visit us at www.ipipeline.com and read our CEO Blog.

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Strategic Restaurants Inc. Provides Diners with Internet Access Using MegaPath's Managed WiFi HotSpots Service

MegaPath Inc., one of the leading providers of managed data, voice, and security services in North America, today announced that Strategic Restaurants Acquisition Corp. Holdings, Inc., a customer since 2008, is now rolling out the company's Managed WiFi HotSpots in key locations to provide public Internet access to its customers. Strategic Restaurants also uses MegaPath's private MPLS network and Managed Security Service in all of its 280 Burger King restaurants located throughout the country.

"Whether it's reading the news, catching-up on corporate email or updating their social media sites, people today want to stay connected when they are away from home or the office," said David Knutson, Director of IS, Strategic Restaurants. "Now, with MegaPath's Managed WiFi HotSpots, we are giving our customers a way to be both productive and social at the same time when they dine in one of our restaurants. Adding this offering was a natural extension of our existing relationship with the Company as they currently provide our MPLS VPN and Managed Security Services. Overall, MegaPath has greatly improved how we operate our business and provide value-add services to our customers."

In 2008, Strategic Restaurants implemented MegaPath's PCI-compliant MPLS VPN network to improve performance and reduce costs. By moving from satellite to a fully-managed broadband and managed security service, Strategic Restaurants has more bandwidth to run applications such as inventory and sales figures, as well as processing credit card information that are vital to the daily operations of their business.

"There is nothing more satisfying than continuing to provide customers such as Strategic Restaurants with new ways to deliver value to their patrons," said Bruce Chatterley, President of Business Markets, MegaPath. "For ten years, MegaPath's MPLS network has been an ideal solution for the unique needs of restaurants and other businesses that require secure payment processing and run inventory management applications. Our solutions grow as our customers' needs change, which enables them to stay connected, communicating and compliant."

About MegaPath Inc. 
MegaPath operates one of the largest end-to-end communications networks in the country. In 2010, the company combined with Speakeasy and Covad to form a single company providing a full range of data, voice and security services for small businesses and enterprises nationwide. MegaPath helps businesses of all sizes to easily and securely communicate between their headquarters, employees and business partners to lower costs, increase security and enhance employee productivity. To learn more about MegaPath's managed IP data, voice and security services, please visit www.megapath.comor call 1-877-MegaPath (634-2728).

Media Contact: 
Tony Welz
Welz & Weisel Communications 
703-877-8101
tony@w2comm.com

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Asset Control's AC Plus Adopted by Scotiabank for Reference Data Management and Pricing

Asset Control today announced that Scotiabank - headquartered in Toronto, Canada- is going live with the AC Plus financial data management solution for managing security reference data and end of day pricing.

Scotiabank selected AC Plus to centralize security master and end of day pricing data content to support core business applications.  The phase 1 solution captures North American and Latin American equities data from multiple sources.

Rob Ord, director and head of data management at Scotiabank, said "AC Plus' off-the-shelf capabilities, particularly its data model, feed handlers and operational interface for data analysts, meet our requirements for standard functionality and also provides us with the ability to customize various elements to support our unique business needs."

Phil Lynch, president and chief executive officer at Asset Control, said "Many multinational banks such as Scotiabank are option for consolidated, centralized data infrastructures in order to meet a diverse set of business requirements.  We are pleased that Scotiabank has placed its trust in Asset Control to develop a shared data management framework that can help reduce time to makret for new business initiatives and provide optimal use of data across the organization."

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