New venture capital investment statistics from two different sources illustrate an increasingly apparent reality: VC is losing its relevance as an investment tool for growing startups in North Carolina. While deals and dollars are at the highest levels since 2001, both numbers remain paltry in the Tar Heel state which often ranked among the top 10 for VC action in the past.
Neither organization disclosed terms of the arrangement. But they said in a joint news release that the deal makes the combined organization "the largest provider of corneal tissue for transplant in the world."
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With the new Cortana virtual assistant, Windows catches up with Apple's iOS and Google's Android in a major way. Microsoft takes some of the best parts of Apple's and Google's virtual assistants and adds a few useful tools of its own. The result is Cortana, named after an artificial-intelligence character in Microsoft's "Halo" video games.
Opinion: Health care is a misnomer for our medical system. It should be called sick care. Doctors, hospitals and pharmaceutical companies only make money when we are in bad health. If we could instead prevent illness and disease, it would turn the entire medical system on its head and increase the quality of our lives. The good news is that technology is on its way to letting us do this.
The annual Moog Fest music and arts festival is expanding to include an eclectic lineup of speakers. Kicking off the festival next Thursday is a panel about 'Wiring Silicon Mountain: Nurturing Innovation Through Technology in Western North Carolina.' Joining Geolas on stage will be: Gov. Pat McCrory, the CEO of Moog Music, Mike Adams, Asheville Mayor Esther Mannheimer, Casey Steinbacher, President and CEO of the Durham Chamber of Commerce, Professor Mike Walden of NC State and Hickory Mayor Rudy White. And the agenda of events hardly stops there.
OrgSpan, a three-year-old software firm focused on enterprise social communications solutions, is being acquired by Indiana-based Interactive Intelligence. The company, which is owned by the CEO of Interactive, will remain in Durham and says it expects to expand as a result of the deal.
Republic Wireless, which offers calling and data plans for as little as $5 a month, began selling the new Motorola Moto G phone on Thursday for $149 - without a contract.
Called "Nearby Friends," Facebook's new optional tool will only be available to people who choose to turn it on. The feature uses your smartphone's GPS system to tell your Facebook friends you are nearby -- provided they have the feature turned on. Rather than share your exact location, it will only show that you are nearby, say, within half a mile.
With another $250,000 in funding and plans to open an office in Virginia, Raleigh-based SEAL Innovation is gearing up to sell its wearable SwimSafe devices that are designed to prevent drownings. The company's Justin Calvillo, its, corporate finance and development officer, and business development manager Dave Callahan talks with WRALTechWire about the company's progress. Among the investors is Triangle Angel Partners and most funding so far comes from the Raleigh area, they note.
Analysis: Amid a mixed growth picture for IBM as a whole, 2% year-to-year growth in overall software revenue illustrates that IBM's existing software assets continue to drive customer conversations and purchasing across the IBM install base, writes Elizabeth Hedstrom Henlin, an analyst with Technology Business Research.
SEAL Innovation, which has developed wearable swim bands to promote safety, agrees to open an office in Danvilla, Va., as part of a $250,000 capital investment from The Launch Place.
A year ago today, WRALTechWire launched its Insider service - providing selected content to subscribers for an annual fee. Year two begins with a re-commitment to this strategy to deliver the most comprehensive technology and life science reporting every business day in the Triangle and across the state.
IBM revenue fell 4 percent to $22.5 billion, below the $22.9 billion that analysts polled by FactSet had expected. It's the eighth consecutive quarter of revenue decline. The biggest drop was in its systems and technology unit, or hardware, where revenue tumbled 23 percent to $2.39 billion from $3.11 billion.
Analysis: IBM's first quarter financial performance outlines a company in the midst of a long-term strategic evolution, and demonstrates cloud and big data-driven disruption impacting the IT industry as a whole. Krista Macomber of Technology Business Research crunches the numbers and trends.
The drug giant issues a statement reiterating it has "zero tolerance for unethical or illegal behavior" and says 48 employees were fired in 2013. The statement comes after reports that bribery probes are underway in two more countries.
Google's first-quarter earnings growth faltered as the Internet's most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring ideas.
Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job. CEO Marissa Mayer dumped de Castro in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth. De Castro had been in charge of ad sales.
The Raleigh City Council on Wednesday authorized the city manager and attorney to contract with AT&T to bring the communications provider's next-generation internet and cable service to local residents.