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The founders of social media engagement app Stealz came together to start a nonprofit organization to help school systems raise more money. In the process, they met owners of restaurants, bars and venues and learned of a key problem in marketing and growing their businesses. They didn't have the time, or the content, to take advantage of social media. Stealz helps. But is Stealz a steal for users? ExitEvent Editor Laura Baverman takes an inside look at the company, its growth and its challenges.
TransEnterix, a developer of robotic and flexible instrument technology for use in surgery, has landed a loan worth up to $25 million. The deal provides "up to three quarters of additional capital to satisfy our operating cash requirements," says CEO.
Almost a year after billionaire Carl Icahn opened a proxy fight pushing for the spinoff of PayPal, eBay President and CEO John Donahoe said Tuesday that, "The industry landscape is changing, and each business faces different competitive opportunities and challenges."
Raleigh-based Salix Pharmaceuticals, which is reportedly the target of merger talks in a deal worth more than $10 billion, may have become a more likely takeover target Monday. Why? The FDA OK'd additional use for a constipation treatment.
The billionaire founder of the North Carolina Research Campus will make the gift announcement Tuesday to continue supporting operational expenses and recruit top scientific talent to the state. It's his second large donation by the 91-year-old in the last 16 months.
With Lenovo and IBM wrapping up their $2.1 billion x86 server deal, the first Big Blue workers will head to a Lenovo operated facility on Wednesday morning. While some workers and facilities will transition in coming months, a large number switch to Lenovo's two buildings in RTP and take orientation in coming days, says Lenovo's top North America exec Jay Parker.
Gerry Smith, who runs the Americas Group for Lenovo and will oversee the merged IBM-Lenovo System X business unit when the deal closes Wednesday, threw down a proverbial gauntlet to competitors on Monday. "The FUD spread by our competitors is over," he declares. Lenovo defied critics in buying IBM's PC business in 2005 and will do so again in servers, he promises.
Lenovo Chairman and CEO Yang Yuanqing spells out an aggressive strategy to make the company No. 1 in the global server market once the $2.1 billion deal for IBM's x86 business closes on Wednesday. Yang aims for $5 billion in revenue and profitability in one year for the newly branded "Systems X" business.
Red Hat says a malware attack exploiting vulnerabilities it disclosed last week and now known as "bash bug" and "shellshock" is underway. The company is telling firms to make sure their systems are "fully patched" to defeat the attack. Meanwhile, Red Hat also updates its patches which it knows says were "incomplete."
A team of developers led by Longfellow Real Estate Partners from Boston, Duke University and Durham businessman Hank Scherich will unveil formal plans Wednesday for the "Durham Innovation District." The project is expected to cost hundreds of millions of dollars and cover 1.7 million square feet of office space.
The interest in young startup company CellBreaker came from ABC World News as their producers were investigating how consumers might save on their cell phone contracts. The news sent traffic skyrocketing at CellBreaker's website. So how did this all come about? WRAL TechWire Insiders get the details.
MCNC will mark the 30th anniversary of the North Carolina Research and Education Network during their annual Community Day celebration on Nov. 5-6 on the campus of NC State University in Raleigh.
Jim Goodnight, co-founder and chief executive officer of SAS software in Cary, is No. 60 on the latest list of the richest people in America, according to Forbes. John Sall, who co-founded SAS with Goodnight, ranks No. 133.
In the latest Bulldog roundup of life science and technology news: Cisco Intercloud partner ecosystem expanded with $1 billion in new financing; Microsoft offers first look at new Windows this week; Anti-Facebook social network Ello goes viral; Yahoo! Directory is shutting down this year; and what can doctors can learn from our Selfies?
Chinese officials have busted a slew of smugglers bringing Apple iPhone 6 models into the country ahead of their official release, reporting the latest seizure of 453 smartphones on Sunday in Shanghai.