WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector.
Its revenue has skyroccketed over the past three years; it has landed a big Boston investor and $25 million in cash - including money from Bull City Ventures. And now Durham-based Spoonflower is aiming even higher. The company wants a chief financial officer with - you guessed it - IPO experience. "Special bonuses also are available for the right candidate." They'd love to hire someone with Triangle connections, too. This is one very fascinating job description. Plus they have a host of other openings.
AT&T and CenturyLink are going to expand broadband Internet access to nearly 50,000 rural area homes and businesses over the next three years using some $42 million in funds provided by the Federal Communications Commission.
Jay Parker, one of the most familiar faces among Lenovo's executive leadership in North Carolina, has left the company, WRAL TechWire has confirmed. At one time Parker was head of Lenovo's North American operations.
Rick Osterlog, the president of Motorola, will be the leader of Lenovo's smartphone businesses under a reorganization plan the global tech giant says. However, the company will maintain two brands and Lenovo executive Chen Xudong remains leader of the Lenovo Mobile Business Group.
Chen Xudong, the recently named head of Lenovo's mobile group, uses his personal blog to make the case for the changes he's making. One company but apparently two brands. A focus on quality, not price. Regaining trust. An emphasis on an "imperative" of "three things." He asks for patience, says he is "convinced" Lenovo "has a chance to win" what he calls the "smartphone crowded market melee." Our WTW Insiders get the full story.
Wall Street's big stock rally on Wednesday helps the world's billionaires snap a money losing streak, according to Bloomberg Billionaires. That rebound includes Cary's Jim Goodnight, who regains more than $200 million of his fortune. Meanwhile, Triangle stocks rebound as well led by Red Hat.
Lenovo is wasting little time in moving ahead with a formal reorganization of its smartphone efforts. In reports from Asia, Lenovo executives say the global tech giant is betting its phone efforts on Motorola with that group now taking over design and production. But there still may be a Lenovo brand afterall. Lenovo's ZUK line apparently remains independent.
Clayton and Johnston County celebrated a big win in the competition for high-paying jobs Wednesday when Novo Nordisk announced plans to expand its plant there by almost 700 employees.
Cliff Bleszinski's first game apart from Epic: It's 'LawBreakers.' Here's the video trailer just published on Wednesday: "The Shattering changed everything -- forever. Witness the worldwide premiere trailer of LawBreakers, the highly-anticipated debut FPS from Cliff Bleszinski & Boss Key Productions."
The co-founders of Durham startup Spoonflower are stitching together quite a success story. Focusing on custom fabrics and other products ordered by customers online, Spoonflower has just closed on $25 million. And its co-founders have big plans for the future.
Bull City Ventures is one of two disclosed investors in a $25 million round of financing for Durham startup Spoonflower. Co-founder David Jones talks about why he and partner Jason Caplain did the deal.
Novo Nordisk is expanding its drug-making presence in Johnston County with a facility that will add 691 jobs. The average wage will be $68,420. Novo Nordisk plans to invest $1.2 billion in the new facility. The state commits more than $18 million in incentives to the project.
If you have wondered why Lenovo has cut jobs in its RTP-based x86 server business this year, some proof can be found in the latest global server sales statistics from IDC. New numbers from Gartner are similar. Yes, Lenovo revenues and share jumped tremendously after buying IBM's x86 business last year, but the growth didn't match the revenues and share IBM shed. Meanwhile, there's good enws for Cisco.
State and county executives are expected to announcement a big economic development project that will create "several hundred full-time" jobs in Johnston County. And WRAL TechWire is told that the deal is with a life science company.
Spoonflower, a Durham-based startup focusing on delivering custom fabrics, wallpaper and even gift wrap through on-demand technology, is stitching together major expansion plans after landing $25 million in capital. And in landing the funding, Spoonflower is bringing a new investor to North Carolina.
Over the past five years, few names have been more associated with economic development in Wake County than Jennifer Bosser. But as of Sept. 1, Bosser will become the first executive director of the Research Triangle Regional Partnership's CleanTech cluster. Why is she taking the job? What's the mission?
One-on-one with Christy Shaffer: What Hatteras' new $90M fund means, impact of her promotion; and why Triangle life science sector is so hot
In a Q&A, Triangle veteran life science executive turned venture capitalist Christy Shaffer talks with WRAL TechWire about the new $90 million venture fund raised by Hatteras Ventures, what her promotion says about female VCs, and why the Triangle life science sector is so hot.
Monday's maniacal trading led to huge losses around the world's stock exchanges - and billionaires along with the common folk took big hits. Among the top losers? Jim Goodnight of SAS, whose fortune dwindled by $377.5 million, according to Bloomberg News' estimates.
On what's being called "Manic Monday" with the Dow and Nasdaq plunging before recovering then dropping again, Durham's Cree and Novozymes, which has a big presence in Franklinton, bucked the selloff. Take at look at the WRAL TechWire "30" for a snapshot of Triangle tech and life science stocks.
CEOs at private companies seldom - if ever - openly disclose revenues and profits. But each year thousands open the books hoping to make the Inc. 500/5000 list of fastest-growing private companies. And the latest list offers interesting insight into some of the Triangle's prize up-and-comers.