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How 3 Detroit Founders Built Tech Startups Despite City’s Bankruptcy

On July 18th, 2013, the city of Detroit filed for Chapter 9 bankruptcy, becoming the largest city in American history to do so. Just four years earlier, Chrysler and General Motors—automobile companies that were long a staple of the Detroit economy—had filed for Chapter 11 bankruptcy.“You hear stories about the Great Depression in the ‘30s, I can only imagine what we experienced here in Detroit matched that. It was a scary time with so many negatives. There was no credit, the auto companies were...
Tags: Startups, Entrepreneurship, Funding, Trends, General Motors, Cisco, It, Vc, Software, Ford, Auto Industry, Innovation, Venture Capital, Chrysler, Google Ventures, Detroit


Educational Play Kit Company Osmo Sold to India’s Edtech Firm Byju’s for $120M

Byju’s, an edtech company based in India that claims a $3.6 billion valuation based on its sales success there, announced it has acquired Palo Alto, CA-based learning-through-play firm Osmo for $120 million.Named after the teacher Byju Raveendran, who founded the company in 2011, Byju’s is making its first acquisition in the United States to advance its goals of expanding globally and adding very young children to its user base. The company, which announced the deal Wednesday, had already made ...
Tags: Google, Deals, Startups, Mobile, Hardware, Education, Internet, Entrepreneurship, India, Funding, San Francisco, Trends, Tech, Web, It, Vc


ScoutRFP Scores $33M to Compete in Supplier Management Sector

ScoutRFP, whose software is designed to help businesses streamline the process of ordering goods from suppliers, announced that it raised $33 million in a Series C fundraising round led by Scale Venture Partners.San Francisco-based Scout, part of a tech sector dubbed supplier relations management, or SRM, aims to free businesses from painstaking traditional methods of seeking bids from various suppliers and comparing their merits. Some companies are still doing this by laboriously creating spre...
Tags: Deals, Startups, Mobile, Cloud, Internet, Entrepreneurship, Funding, San Francisco, Trends, Tech, Web, It, Vc, Software, Automation, Innovation


Fiserv to Buy First Data for $22B as Fintech Consolidation Continues

The mega-deals keep on coming. Today, it’s a massive acquisition in financial technology: Fiserv has struck an agreement to acquire First Data in an all-stock transaction valued at $22 billion.The deal has been approved by both companies’ boards but still needs to be accepted by shareholders and regulators. Assuming it closes as expected later this year, it would combine two big players in financial services and payments processing.Fiserv (NASDAQ: FISV), a 35-year-old company based in Brookfiel...
Tags: Deals, Mobile, Apps, Trends, Tech, It, Software, M&a, Square, Wisconsin, Payments, Stripe, Fintech, Izettle, First Data, Worldpay


After 33 Exits in 5 Years, WI Seeks “More and Bigger” Startup Deals

When Propeller Health’s founders initially tried to raise funding for their new healthcare technology venture, many of the investors they spoke with were hesitant to take the risk.It was the early part of this decade, and Propeller was navigating the FDA’s regulatory process for medical devices. The company believed it had a chance to become one of the first to earn market clearance from the agency for a software product, says Propeller co-founder and CEO David Van Sickle. Propeller’s idea for ...
Tags: Deals, Startups, Mobile, Apps, Internet Of Things, Education, Connected Devices, Trends, Tech, It, Cybersecurity, Walgreens, Vc, Software, Healthcare, M&a


IBM Vets Launch Sonrai Security, Eyeing Multi-Cloud “Complexity”

Businesses racing faster and faster to put their data and applications into multiple cloud services will soon have to figure out how to keep an eye on it all. Start thinking about the hundreds of users, the dozens of accounts, and the handful of different cloud services that don’t always speak the same language, and the job of monitoring and securing it all quickly gets complicated.This is the problem that Brendan Hannigan and Sandy Bird are attacking with their New York-based company Sonrai Se...
Tags: Google, Amazon, Deals, Startups, Open Source, Cloud, New York, Microsoft, Identity, Azure, Trends, Tech, Cisco, It, Cybersecurity, Vc


A VC’s Take: Global Volatility Hurts U.S. Venture Ecosystem

As Xconomy’s editors looked back at the year just passed, we asked technology leaders to comment on the trends they’d observed in 2018, and the developments they expected in 2019. Some leaders responded with their views on the business impact of the Trump era, pointing to specific policy positions such as tax code revisions, curbs on immigration, and the decision by federal regulators to roll back net neutrality requirements on telecom carriers.Alex Niehenke, a partner at Foster City, CA-based ...
Tags: Startups, Mobile, Hardware, Net Neutrality, Internet, Entrepreneurship, China, Russia, Funding, Immigration, San Francisco, Trends, Tech, Investment, Eu, Web


WI Watchlist: Northwestern Mutual, Epic, Exact Sciences, Propeller

It’s time to catch up on notable headlines from Wisconsin’s innovation community:—Northwestern Mutual, the Milwaukee-based insurance and wealth management services giant, has hired Souheil Badran as chief innovation officer. Badran was previously president of the Americas region for Alipay, the online payments platform operated by Ant Financial, the Alibaba-owned fintech firm.Badran’s new role was previously held by Alexa von Tobel, the well-known fintech entrepreneur who left Northwestern Mutu...
Tags: Deals, Startups, Mobile, Apps, Internet Of Things, New York, Connected Devices, Americas, Trends, Tech, It, Walgreens, Software, Healthcare, Alibaba, Wisconsin


Online Tech Expands Cloud, Data Services with Neverfail Acquisition

Online Tech, the Ann Arbor, MI-based provider of cloud services, beefed up its capabilities last month when it acquired the infrastructure-as-a-service and data protection businesses of Neverfail, an IT company located in Austin, TX. The terms of the deal were not disclosed.Online Tech CEO Brad Cheedle says his company offers managed services around cloud computing. The company’s service include assessing if a customer is cloud-ready or migrating their data to the cloud, Cheedle says. “Companie...
Tags: Deals, Startups, Entrepreneurship, Cloud Computing, Trends, Tech, It, Software, Austin, Innovation, Data Protection, Detroit, Infrastructure As A Service, Ann Arbor, National blog main, Texas blog main


Craftsman Capital buys CMIT Solutions

Craftsman Capital has acquired CMIT Solutions. Financial terms weren’t announced. CMIT, of Austin, is a managed service provider of enterprise-level information technology services to the small and mid-market business community. PRESS RELEASE Private Equity Firm Acquires Austin-based CMIT Solutions Strategic Financial Investor, Craftsman Capital, Aligns with CMIT Solutions Core Values; Advances Franchisee Value Proposition with Capital Resources and Operational Excellence AUSTIN, Texas – CMIT So...
Tags: Texas, Trends, It, Austin, Canada, United States, Dallas, North America, Msp, PE Deals, CMIT, Craftsman Capital, CMIT Solutions, CMIT Solutions Financial, CMIT Solutions Core Values, Capital Resources


The Power Combo of A.I. Devices with Cloudlets Comes with Cyber Risks

When we have a chance to view it from a distance, the year 2018 may be seen as a period when innovations in a number of technological fields came together to transform not only the future of computing, but also the very structure of the Internet.First, entrepreneurs vying to invent self-driving vehicles, virtual assistants, and intelligent industrial machines created a hunger for more powerful semiconductors that could enable scattered devices to take over sophisticated calculations powered by ...
Tags: Startups, Mobile, Cloud, Hardware, Internet, Entrepreneurship, Funding, San Francisco, Trends, Tech, Web, It, Cybersecurity, Ransomware, Vc, Software


New Year to Bring New Data Security Threats, Cyber Investor Warns

Bob Ackerman is one of the venture capitalists whose funding has long fed the growth of the burgeoning cybersecurity industry. So, you might imagine that his outlook on data protection for 2019 would be more optimistic than in past years, because businesses now take advantage of a broad choice of security services to protect themselves.Ackerman (pictured) is founder and managing director of San Francisco-based VC firm AllegisCyber, and co-founder of Fulton, MD-based DataTribe, which helps launc...
Tags: Startups, Mobile, Facebook, Hardware, Internet, Entrepreneurship, China, Russia, Funding, San Francisco, Trends, Tech, Web, It, Malware, Cybersecurity


From Alnylam to Zayner: Xconomy’s Top Innovation Stories of 2018

2018 was a year of ups and downs for the business and technology community. It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. Venture funding remained strong, but more money went to fewer (and later-stage) companies overall. As the year winds down, we’re reflecting on the big innovation trends and developments that will carry over to next year.Storylines in various sectors helped shape the overall narrative in 2018. Cell and gene therapies, cancer immun...
Tags: Deals, Startups, Technology, Cloud Computing, Trends, Tech, IPOs, It, People, Cybersecurity, Analysis, Vc, Software, Bitcoin, Bill Gates, Innovation


CFOs: Prepare To Become Your Company’s Data Czar This Year

In mid-2018, Tom Bogan was the leader of business planning software company Adaptive Insights as it planned its own next steps. The Palo Alto, CA-based company was on the point of raising about $115 million in a June IPO that would have set its market value at around $705 million, according to PitchBook.But like Dustin Hoffman in “The Graduate,” the big enterprise software company Workday lured Adaptive Insights away from the IPO altar with a more attractive deal—a $1.55 billion acquisition off...
Tags: Deals, Startups, Cloud, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Web, It, Excel, Software, Data Science, Innovation


San Francisco Biotech: The Next Generation—Photos and Takeaways

View the Slideshow Among the life science companies developing new approaches to disease today are those that will shape the healthcare of tomorrow.  Earlier this month, Xconomy offered a select audience a peek at some of them making advances in the Bay Area.Three companies aiming to transform healthcare took to the stage at UCSF Mission Bay on Dec. 6 for San Francisco Biotech: The Next Generation. First up was RDMD, a San Francisco startup that is bringing a . CEO and co-founder ... Read ...
Tags: Startups, Drugs, Ipo, Cancer, San Francisco, Trends, Tech, Investing, It, Software, Alzheimer's Disease, Fda, Biotech, Life Sciences, Clinical Trials, David Chang


WI Watchlist: Lame-Duck Bills, Johnson Controls, EmOpti & More

With the holidays approaching, it’s time to catch up on some recent headlines from Wisconsin’s innovation community:—Republican Gov. Scott Walker signed controversial lame-duck legislation that, among other things, limits the power of his Democratic successor, Tony Evers, who will take office in January. The legislation includes a measure that initially gives the state legislature more control over the board of the Wisconsin Economic Development Corp. (WEDC)—the quasi-public economic developmen...
Tags: Deals, Startups, Mobile, Apps, Trends, Tech, It, Vc, Software, Healthcare, Wisconsin, Scott Walker, Blockchain, Life Sciences, Healthtech, Democratic


Veea Systems and Angel Trains Work Together to Showcase the Potential of Edge Computing in Rail at HackTrain 5.0

Development teams built innovative edge computing-based Internet of Things, messaging and entertainment projects at annual rail hackathon Bath, UK December 20th 2018 – Today Veea Systems, the company delivering business-ready solutions at the network edge, has detailed its contribution at the Read more… The post Veea Systems and Angel Trains Work Together to Showcase the Potential of Edge Computing in Rail at HackTrain 5.0 appeared first on TechRecur: Latest Telecom Media & Technology News, Tre...
Tags: UK, Seo, It, Transport, Telecom, Logistics, News Trends, Veea Systems, SmartRail, Edge Computing in Rail


NewVoiceMedia wins Best in Biz Award for Most Innovative Product Feature

LONDON, 20 December, 2018 – NewVoiceMedia, a Vonage Company (NYSE:VG) and leading global provider of cloud contact centre and inside sales solutions, has been named a silver winner in the Most Innovative Product Feature of the Year – Enterprise/SMB category of Best Read more… The post NewVoiceMedia wins Best in Biz Award for Most Innovative Product Feature appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: London, Seo, It, Telecom, IT Telecom, News Trends, Vonage Company NYSE


Relay Raises $400M to Kick Protein Motion Drug R&D into High Gear

The line dividing biotechnology and high tech is blurring as drug companies find new ways to apply computer advances in the hunt for new drugs. Relay Therapeutics uses these techniques to better understand a protein’s role in disease and develop a drug to address it. Cancer is Relay’s first target.The Cambridge, MA, biotech is moving forward with its plans to advance its lead cancer programs into clinical trials with an additional $400 million it raised in a Series C round of funding led by the...
Tags: Deals, Drugs, Boston, Cancer, Trends, Tech, Investing, It, Software, Venture Capital, Cambridge, Machine Learning, Biotech, Life Sciences, Clinical Trials, Alexandria Venture Investments


The 2018 Tech Trailblazers Awards Finalists Announced

Global awards for enterprise IT startups announce shortlist: Voting is now open London, UK – 19th December 2018 – The Tech Trailblazers Awards, the first annual awards program for enterprise information technology startups, has announced a shortlist of the most innovative entrants and concepts Read more… The post The 2018 Tech Trailblazers Awards Finalists Announced appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: Security, Mobile, Cloud, Business, Big Data, Seo, It, Artificial Intelligence, Iot, Fintech, London UK, News Trends


Ascertus Achieves 100% Business Growth in 2018

iManage Work cloud deployments alongside legal spend management implementations key growth drivers London, U.K. – 19 December 2018 – Ascertus Limited has achieved over 100% business growth in 2018, including head count and revenue. This growth has come equally from existing client retention Read more… The post Ascertus Achieves 100% Business Growth in 2018 appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: Legal, Seo, It, London U K, News Trends


Harrison Memorial Hospital creates an Enterprise patient record with BridgeHead Software

Data from six acquired EHRs consolidated into a single, accessible repository and made part of the longitudinal patient record Woburn, MA – 18 December 2018 – Harrison Memorial Hospital (HMH), a provider of health and care services in Kentucky, recently completed Read more… The post Harrison Memorial Hospital creates an Enterprise patient record with BridgeHead Software appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: Kentucky, Seo, It, Healthcare, News Trends, Harrison Memorial Hospital, Harrison Memorial Hospital HMH


Graphcore Scores $200M to Scale Up A.I. Chip Production

One of the leading contenders in the A.I. chip race, Graphcore, announced Thursday it pulled down $200 million in a Series D fundraising round that set its valuation at $1.7 billion.The Bristol, UK-based startup, founded in 2016, has now secured a total of more than $300 million in financing from venture capital firms and other investors including Microsoft and the corporate venture arms of BMW and Dell Technologies.Graphcore’s big haul is a notable milestone in the recent revival of investor i...
Tags: Google, Deals, Startups, Facebook, Hardware, Microsoft, Internet, Entrepreneurship, Softbank, Funding, Samsung, San Francisco, Trends, Tech, It, Mit


Concentra Analytics announces new senior hires and expansion into Asia Pacific

Concentra continues to invest for growth following a £41 million equity investment in May 2018. London, 18 December 2018 – Concentra Analytics, the creator of Software as a Service (SaaS) data solutions used to visualise, model and track business operations, is Read more… The post Concentra Analytics announces new senior hires and expansion into Asia Pacific appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: Business, London, Seo, It, Asia Pacific, News Trends, Concentra Analytics


Cornerstone Experiences Growth Surge in Europe

LONDON – 18 December 2018 – Cornerstone OnDemand (NASDAQ: CSOD), a global leader in cloud-based learning and human capital management software, today announced that the EMEA region gained a near record-breaking number of new clients during the third quarter of 2018 (July, August, September). Read more… The post Cornerstone Experiences Growth Surge in Europe appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: Europe, London, Seo, It, EMEA, Humanresources, Financialservices, News Trends


British Columbia Oil and Gas Research and Innovation Society confirms successful completion of forest regrowth mapping project with Rezatec

Vancouver, Canada, 18th December 2018 – Since March 2018, Rezatec has worked with British Columbia Oil and Gas Research and Innovation Society (BC OGRIS) to map vegetation regrowth across a significant area of 80,000 km2 in NE British Columbia, Canada to support Read more… The post British Columbia Oil and Gas Research and Innovation Society confirms successful completion of forest regrowth mapping project with Rezatec appeared first on TechRecur: Latest Telecom Media & Technology News, Trends,...
Tags: Energy, Utilities, Seo, It, Telecom, Vancouver Canada, Columbia Canada, News Trends, Rezatec


KBZ Bank selects Finastra to capture upcoming growth opportunity in Myanmar’s expanding treasury market

Treasury management solution helps KBZ Bank automate systems, manage risk and increase operational efficiencies Myanmar, December 18 2018 – Kanbawza (KBZ) Bank, Myanmar’s largest privately-owned bank, has selected Finastra and its treasury management solution, Fusion Treasury, to enable straight-through-processing (STP). The partnership supports Read more… The post KBZ Bank selects Finastra to capture upcoming growth opportunity in Myanmar’s expanding treasury market appeared first on TechRecur...
Tags: Seo, It, Treasury, Myanmar, STP, Financialservices, News Trends, Fusion Treasury, KBZ Bank, Kanbawza KBZ Bank Myanmar


Internet Exchange Operators LINX and STC Establish Strategic Partnership

London Internet Exchange (LINX) and Saudi Telecom Company (STC), on December 7th 2018 marked the start of JED-IX driven by LINX, an Internet exchange in Jeddah (JED-IX), Kingdom of Saudi Arabia (KSA). John Souter, CEO of LINX, said: “JED-IX driven Read more… The post Internet Exchange Operators LINX and STC Establish Strategic Partnership appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: Saudi Arabia, Seo, It, Telecom, Linx, Jeddah, STC, Saudi Telecom Company STC, News Trends, London Internet Exchange LINX, STC Establish Strategic Partnership, John Souter


Technology-Driven Law Firm Zeidler Opens Mumbai Technology Hub

LONDON, FRANKFURT, DUBLIN — Zeidler Legal Services, a technology-driven law firm serving the asset management sector, announced the opening of a software development office in Mumbai. Based in Bandra Kurla Complex (renown financial centre), the team of developers will be working together Read more… The post Technology-Driven Law Firm Zeidler Opens Mumbai Technology Hub appeared first on TechRecur: Latest Telecom Media & Technology News, Trends, Analysis, Press Releases.
Tags: London, Legal, Seo, It, Bandra Kurla, Financialservices, News Trends, FRANKFURT DUBLIN Zeidler Legal Services, Mumbai Technology Hub, Mumbai Based


How VFX magic conjured the fantastic beasts of ‘Crimes of Grindelwald’

Visual effects studio Rodeo FX and VFX supervisor Arnaud Brisebois explain how the colorful creatures and amazing cityscapes were created for Fantastic Beasts: The Crimes of Grindelwald. The post How VFX magic conjured the fantastic beasts of ‘Crimes of Grindelwald’ appeared first on Digital Trends.
Tags: Trends, It, Visual Effects, Vfx, Fantastic Beasts And Where To Find Them, Grindelwald, Movies & TV, It: Chapter Two, Fantastic Beasts: The Crimes of Grindelwald, Rodeo FX, Arnaud Brisebois