Life science services provider Pharmaceutical Product Development is raising up to $550 million after attracting two investors in a shift of corporate control that leaves Hellman & Friedman as the majority owner. The moves will "drive continued strong growth," an exec tells WRAL TechWire. Rumors had circulated in 2015 that the company, which has a major presence in the Triangle, might be sold for around $7 billion.
Cindy Whitehead, the CEO who sold Sprout Pharmaceuticals for $1 billion, is now an unofficial ambassador for the Triangle. She tells people: "Move here!" citing many reasons (quality of life, talent, cost of living.) The Skinny and Whitehead were discussing why RTP is such a hot spot for tech startups and we happened to discuss "Map My Customers," which recently bolted the Valley for RTP. And guess what - Matthew Sniff has posted at LinkedIn why he came to Carolina, citing many reasons Whitehead stresses in her pitches. Here's more.
MATI Energy is expanding its reach into Texas, adding a national distributor and is planning to hire additional employees with $2.5 million in additional financing. Plus: Watch a video, and what is MATI Energy drink?
Analysis: Google's dominance in mobile advertising markets fueled Alphabet's revenue and profit growth in 1Q17, says Technology Business Research Analyst Jack Narotta. Plus: A snapshot of Alphabet's earnings report.
Analysis: Focusing on lifetime customer value helps Microsoft successfully traverse business model shifts, says Technology Business Research Analyst Kelsey Mason. Plus: Wire service details on earnings.
The Trump administration released [on Wednesday] the outlines of the president's proposal for tax reform. While some of the provisions are critical for boosting U.S. economic growth, like a lower corporate tax rate and a so-called "territorial" system for taxing companies' foreign profits, the plan is silent on many other key measures that are necessary to boost productivity and competitiveness
Dr. James Goodnight, part 2: Advice on overcoming adversity, his proudest SAS memories, and the Triangle's bright future
For all the success Dr. James Goodnight has had in building SAS into a global $3B-plus company, he's also had to overcome adversity (Midway Airlines, a video game startup). So how should people deal with their own setbacks? In the second part of our Q&A, he also offers advice to entrepreneurs about startups, his proudest achievements, and his recommendations on how to keep the Triangle great.
LuLu eGames, run by NC State's Entrepreneurship Initiative (EI), began in 2009 with the goal of encouraging entrepreneurship and new business formation on campus and providing early stage capital to the most promising teams and ideas. This year, a record 192 teams applied. Over the years, numerous participants have produced emerging startups. Here's a look at the program.
The head of the country's telecommunications regulator says there will be a vote in May on ditching Obama-era "net neutrality" rules that keep telecoms from favoring some sites and apps. Reaction is mixed.
Analysis: AT&T's unlimited data strategy strengthens its position as an integrated solutions provider, but did not generate postpaid net additions in 1Q17, notes Technology Business Research Analyst Steve Vachon.
More changes are coming for Lenovo's struggling mobile phone business. Media reports say the global tech giant is shutting down its Zuk Mobile division, which launched less than two years ago in an attempt to combat lower-priced competitors in China.
Big Blue says it is opening additional data centers in the U.S. to support its growing cloud, data businesses. However, RTP isn't on the list.
GlaxoSmithKline says new products helped first-quarter sales rise 17 percent from the year before but warned that competition from generic drugs may weigh on earnings later this year.
After deciding not to sell its Wolfspeed power business for $850 million when regulators wouldn't approve a deal, Cree Chair and CEO Chuck Swoboda on Tuesday spelled out further revisions of the LED and semiconductor firm's strategy for growth. He announced a joint LED venture with a Chinese firm and pointed out plans to increase capacity for Wolfspeed products. In his own words, he spells out his thinking.
AT&T Inc. on Tuesday said it lost more of its most lucrative wireless customers during the first three months of the year as the country's biggest mobile carriers try to lure customers from each other with offers of unlimited data plans.