There was still some bad news last week …Cingular will be laying off 3,000 employees … but the regions’s high-tech community may be coming out of the doldrums.
The flow of venture capital continued its flow into the region, slow but steady. TEAMM Pharmaceuticals signed a deal for $6.5 million, and Serenex received $15 million. KevSoft announced $1 million in first-round funding, while Wave7 Optics received a $15.5 million cash infusion.
New business contracts and partnerships also were in the spotlight, as large corporations and small start-ups announced deals that will hopefully spur on growth in the high-tech sector.
SAS landed a contract with U.S. Bancorp, MindBlazer announced it would be providing webcasting for a Florida radiology firm, Summus signed deals with FreeRealTime.com and ZIO Interactive to provide wireless stock quotes and games, Clarkston Consulting announced a partnership with UCCnet, XcelleNet is collaborating with Intel to create an enterprise-wide mobile management solution for use with existing Intel programs, and Elogex will be providing supply chain solutions to grocery chain Bozzuto’s.
In addition, a couple of companies are expanding their offerings, SlickEdit by making the move into Linux, and Extreme Logic has added an infrastructure practice.
The management shuffle continued last week, perhaps as a result of the increased movement on the new business front, as quite a number of local companies announced promotions and new hires at the executive level. BtB Marketing named a new business development director, Interland named a shared hosting executive, BCF Technology announced a new president. Norak named a new CFO, Smart Corporation hired a WebMD founder as its new chief development officer, and SciQuest appointed two new vice presidents.
QUOTE OF THE WEEK:
“So many people in the technology space are rushing to get to 3G but if you slow down a little bit it’ll give you time to think about what’s happening around you. The mobile Internet is about to explode. It’s not dead, the sky’s not falling and its not telecom.” Bill Weiss, CEO, Promar Group
FOCUS ON 3G:
August 23: Business Customers Will Drive 3G Growth — If the Services Matter www.localtechwire.com/article.cfm?u=1729&k=23&l=13
August 22: 3G Networks Won’t Mean Much Construction for SpectraSite, Exec Says www.localtechwire.com/article.cfm?u=1720&k=25&l=12
August 22: Several I-85 Corridor Companies Are Banking on 3G Demand www.localtechwire.com/article.cfm?u=1719&k=22&l=12
August 21: Not All Service Providers Are Ready To Embrace 3G www.localtechwire.com/article.cfm?u=1711&k=24&l=11
August 21: By the Minute or by the Megabyte? Networks Debate How To Price 3G www.localtechwire.com/article.cfm?u=1710&k=21&l=11
August 20: 1G, 2G, 2.5G, 3G – What Do They Mean? Here’s a Primer www.localtechwire.com/article.cfm?u=1698&k=23&l=10
August 20: 3G: Putting the Whole Wild World of the Web in Your Hands www.localtechwire.com/article.cfm?u=1697&k=20&l=10
August 19: The Coming of 3G: Multimedia for Mobile Devices Is Finally at Hand www.localtechwire.com/article.cfm?u=1683&k=19&l=09
August 19: Truth Be Told, 3G Is Off to a Global Slow Start – Not Just in the United States www.localtechwire.com/article.cfm?u=1684&k=22&l=09
TELECOM & NETWORKING:
August 22: Digital Broadband, Point Red Get $4.8M in Contracts www.localtechwire.com/article.cfm?u=1715&k=22&l=12
August 22: SpectraSite Restructures $500M Line of Credit, Gets Access to More Cash www.localtechwire.com/article.cfm?u=1721&k=25&l=12
August 21: New Head of Peak 10 Intends To Keep Company on Path of Steady, Sustained Growth www.localtechwire.com/article.cfm?u=1709&k=24&l=11
August 21: Nortel Announces New Product Aimed at Rural Markets www.localtechwire.com/article.cfm?u=1707&k=21&l=11
August 20: Cingular To Reduce Workforce Up to 3,000 www.localtechwire.com/article.cfm?u=1702&k=20&l=10
August 20: Cisco Moves To Acquire Storage Area Network Firm www.localtechwire.com/article.cfm?u=1701&k=20&l=10
August 20: Earthlink Begins Offering Feature That Eliminates Pop-Up Ads www.localtechwire.com/article.cfm?u=1699&k=23&l=10
August 19: Summus Signs Deals To Provide Wireless Stock Quotes, Games www.localtechwire.com/article.cfm?u=1678&k=22&l=09
LIFE SCIENCE & BIOTECH:
August 23: Trimeris To Offer Two Million Shares in Bid To Raise Cash www.localtechwire.com/article.cfm?u=1732
August 23: Charlotte Software Engineer Sees Telemedicine Wish Evolve into Reality www.localtechwire.com/article.cfm?u=1730&k=26&l=13
August 23: Life Sciences Law Firm Focuses on Helping Biotech, Pharma Startups www.localtechwire.com/article.cfm?u=1731&k=26&l=13
August 22: FDA Gives OK to Theragenics To Test ‘TheraSource’ www.localtechwire.com/article.cfm?u=1718&k=22&l=12
August 20: Local Biotech Company Gets Federal Award For Export Success www.localtechwire.com/article.cfm?u=1694&k=23&l=10
August 19: Blue Cross, BioSignia To Work on Pilot Predictive Modeling Program www.localtechwire.com/article.cfm?u=1679&k=22&l=09
ON THE VENTURE FRONT:
August 23: Wave7 Optics Gets $15.5M Cash Infusion www.localtechwire.com/article.cfm?u=1725&k=23&l=13
August 23: Georgia Software Firm Gets $1M in First-Round Funding www.localtechwire.com/article.cfm?u=1728&k=26&l=13
August 21: Two Triangle Life Science-Focused Companies Raise a Total of $21.5M www.localtechwire.com/article.cfm?u=1708&k=24&l=11
EXECUTIVE SUITE:
August 19: Information Architect CEO Mortgages House To Buy Company Stock www.localtechwire.com/article.cfm?u=1693&k=23&l=10
MERGERS, ACQUISITIONS, CORPORATE ACTIONS:
August 19: Honeywell To Acquire NC-Based Invensys www.localtechwire.com/article.cfm?u=1681&k=19&l=09
SOFTWARE & HARDWARE:
August 21: IDC Says SAS Division Revenues Up; ‘inSchool’ Service Updated www.localtechwire.com/article.cfm?u=1706&k=21&l=11
OTHER NEWS:
August 22: InfoTech Panel’s Final 10 Picks Include Three Charlotte Firms www.localtechwire.com/article.cfm?u=1713&k=25&l=12
