Archive for September, 2009
Wednesday, September 30th, 2009
By Allan Maurer
UPDATED GAITHERSBURG, MD – Knewco, a company developing semantic advertising technology, says it has raised an undisclosed amount of second round funding from the OMNI Capital Group, and named Dave Rothenberg CEO. In a filing with the U.S. Securities and Exchange Commission in March, the company revealed it had raised $2,651,875.
In a previous regulatory filing in 2007, its only other filing with the SEC to date, the company offered $500,000 in senior convertible notes.
Rothenberg tells TechJournal South the 17 employee firm expects to do some hiring on the heels of the funding. He declined to comment further on the current or past funding details.
The company’s Web site lists GIV Venture Partners and Alfred Berkley, chair of Pipeline Trading, as investors in addition to OMNI Capital.
Knewco’s says its semantic technology identifies “concepts” in addition to “keywords”, and algorithmically associates concepts with other relevant concepts.
It says this will help publishers retain users on their site without directing them to a search site, increasing the potential of advertising on the site without detracting from user experience.
For advertisers, Knewco says its technology helps drive better ROI by allowing ads to be viewed by “concepts” in addition to “keywords”.
In this way, more relevant contextual ads are shown to the user, often in a premium placement capacity, while the user is reading and learning about that concept. Knewco plans to launch its first commercial solution, KnowNow! early in the fourth quarter, 2009.
“Knewco’s in-text technology has a chance to redefine the way people discover knowledge,” said Rothenberg. He says the company is initially focused on the healthcare space.
“The technology was originally founded by experts in the fields of advanced computational linquistics and the life sciences. Its technology was developed to help medical and health science researchers connect concepts to concepts and develop breakthroughs.
“We intend to use it that and we are working on a partnership with the Concept Web Alliance in the Netherlands.
“In the U.S. market, we think it’s a great application for consumer healthcare where terms are complicated and there is a neeed for help in understanding them.”
“And for advertisers, there is a potential for a new market for ads based on ‘concepts’ in addition to ‘keywords’. These are major innovations, and make for a very compelling opportunity.”
Eventually the company may roll out applications for different verticals one at a time.
Prior to KnewCo, Rothenberg started MDLinx, Inc., a healthcare media company that became the 2nd largest online physician network in the US, after WebMD. MDLinx was acquired by a division of SONY. Rothenberg remained president & CEO of MDLinx following the acquisition and led the company’s strong growth in the advertising and market research sectors.
Headquartered in suburban Washington, DC, the company has a research team in the Netherlands.
Online: www.knewco.com
Posted in Internet/New Media, IT, Marketing, Maryland, Money | Comments Off
Wednesday, September 30th, 2009
By Charles Garcia
After months of economic tough times, a glimmer of light is starting to appear at the end of the proverbial tunnel. Rather than being harbingers of doom, economic news stories are now starting to look ever so slightly brighter.
This improved economic forecast will likely have many company leaders looking for ways to motivate their employees to keep up the hard work necessary for navigating their companies into calmer waters. Unfortunately, despite the recent economic uptick, most company leaders still can’t offer what they view as their greatest motivational bargaining chip with their employees—the almighty dollar.
Fear not. Money isn’t the only way to rally your troops and boost morale during this crucial time. In fact, positive, strong leadership can often garner far greater results than offering money or other perks ever could.
More money not the only route to motivation
Too often businesses assume that offering more money is the only way to motivate employees. The reality is that employees value having strong leaders, who motivate them to do their best, just as much if not more. And there’s no greater defense against a tough economy than a workforce motivated to do their absolute best.
As an alum of the White House Fellowship program, one of the most prestigious leadership programs in the country, I know the value of quality leadership.
There’s never been a more appropriate time for the rest of us to look to great leaders for inspiration. The lessons that can be learned from the White House Fellows mentors are universal and absolutely invaluable to any business leader smart enough to heed them.
Remember, all the money in the world won’t keep a hardworking but unhappy employee with your company. But follow the leadership principles that help you better motivate and encourage that employee and she will be just as invested in making your company a success as you are.
Using insightful, firsthand accounts from past program participants, Garcia’s new book, Leadership Lessons of the White House Fellows: Learn How to Inspire Others, Achieve Greatness, and Find Success in Any Organization (McGraw-Hill, 2009, ISBN: 978-0-07-159848-4, $24.95), explores the leadership lessons that former White House Fellows said they took away from their year working under some of the best of the best in Washington, D.C.
TechJournal South will be running a number of the leadership lessons from Garcia’s book.
Here’s Leadership Lesson Number 1:
LEADERSHIP LESSON #1: Energize your people. Your employees have just helped you pull your company through one of the nation’s worst economic periods. They’ve been constantly bombarded with bad news in their own lives and in their work lives.
It’s time they had a source of positive energy. Who better for them to turn to for that kind of encouragement than you, their leader? Instead of being the type of leader who sucks the energy away from others, resolve to be the kind of leader who strives to bring passion and positive energy to the workplace every day.
THE STORY BEHIND THE LESSON: John Patrick Gallagher
U.S. Major John Patrick Gallagher (WHF 07-08) learned about leadership from General David Petraeus. General Petraeus was a colonel in the 82nd Airborne Division at the same time Gallagher was assigned to the division as a second lieutenant.
One day Petraeus called his brigade together and asked them who could tell him the number one leadership priority of the brigade. The answers ranged from integrity to professional and tactical competence to marksmanship until finally someone hit the nail on the head. The answer? Physical fitness.
“We all thought he was kidding, and we couldn’t for the life of us figure out how that could be the number one priority in the brigade,” recalled Gallagher. “But we learned later that he was right. Self-discipline and being able to perform under pressure and exist outside our comfort zone would be the key that unlocked our success.”
Petraeus began leading his troops through seventy-five minutes of intense exercise every morning. And with every pull-up, push-up, and sprint, the brigade became more alert, had more physical and mental energy, and more individual and team pride.
“All those other things we wanted to do well got better, whether it was marksmanship or vehicle maintenance or soldiers going on leave and not getting arrested for DUI,” Gallagher said. “All these other indicators went up when Petraeus created this climate of self-discipline.
He boiled down his leadership approach to this: Am I giving my subordinates energy or am I taking it away? Put another way, am I leading in a way that causes my subordinates to be more enthusiastic and creative about doing their jobs—to believe more deeply in what they are doing and why they are doing it—or am I leading in such a way that it is stifling growth and enthusiasm?
If the latter is true, the job may still get done by the sheer force of your legitimacy or presence, but it doesn’t get done as well and it doesn’t last after you’re gone. Petraeus knows how to lead in such a way that it gives his subordinates energy. That’s an incredibly powerful leadership tool.”
Since leaving his Fellowship, Gallagher has been using that tool daily in his role as Director for the War of Ideas and Strategic Communications at the National Security Council’s Office of Iraq and Afghanistan Affairs.
For more information about Charles Garcia, see: www.charlespgarcia.com
Posted in Business advice, Viewpoint, Women in Tech | Comments Off
Tuesday, September 29th, 2009
DELRAY BEACH, FL – VeriChip Corp. (Nasdaq:CHIP) says it has received a definitive agreement from Optimus Technology Capital Partners for a $10 million investment.
The company expects to use a portion of the proceeds to fund its development programs with RECEPTORS to develop a virus triage detection system for the H1N1 virus and an in vivo glucose-sensing RFID microchip.
cott R. Silverman, Chairman and CEO of VeriChip, stated, “This financing arrangement was established at terms we believe are very favorable to the Company. Importantly, this financing, when completed, fully funds our development partnerships with RECEPTORS for both the virus triage detection system and glucose-sensing RFID microchip, and provides funds for additional working capital.”
The company will provide more details on the investment in its 8K filing with the U.S. Securities and Exchange Commission.
Online: www.verichipcorp.com
Posted in Biotech, Florida, Money, Pharma | Comments Off
Tuesday, September 29th, 2009
DURHAM, NC – John A. Rogers, a founder of Semprius Inc., a firm commercializing a novel process for printing high performance semiconductors on any substrate, has received a “genius” grant from the John T. and Catherine D. MacArthur Foundation.
Rogers is one of three original Semprius founders and the key contributor to Semprius’ core technology.
Rogers, 42, is the Lee J. Flory-Foundation Chair Professor in the Department of Material Science and Engineering at the University of Illinois, Champaign-Urbana. He has published more than 225 papers and has over 40 patents/applications, including more than a dozen licensed exclusively to Semprius. He is a graduate of University of Texas at Austin and the Massachusetts Institute of Technology. He has been at the University of Illinois since 2005.
Rogers joins 23 other awardees, which include a reporter, a poet and a papermaker among others, for his work as an “applied physicist inventing flexible electronic devices that stretch boundaries and lay the foundation for a revolution in design and manufacturing,” a press release from the Chicago-based foundation said. The “no strings attached” awards recognize individuals’ creativity and motivation, with an eye toward even greater accomplishments in the future.
“John is an extremely creative individual with an uncanny grasp of the physical world as it acts in microscopic dimensions,” said Joe Carr, President and CEO of Semprius, Inc. “His work is the foundation of everything we do at Semprius and will be at the core of other companies in the future, I am certain.”
The Semprius process will print high performance semiconductors on glass, plastic and other materials. Initial applications include solar modules, LCD and OLED displays and advanced disc drives.
Onlline: www.semprius.com
Posted in Hardware, North Carolina, People | Comments Off
Tuesday, September 29th, 2009
By Allan Maurer
RESEARCH TRIANGLE PARK, NC – siXis Inc., a company developing advanced Silicon Circuit Board technology, has raised $3 million of financing from its investors.
The company’s existing investors, RTI International and venture capital firm Intersouth Partners, both participated in the round of financing.
siXis raised $5 million in June 2008. CEO John Goehrke (pronounced gerkee), tels TechJournal South the company will likely look for a B round in the second half of 2010.
The 15 employee company is about to hire a new engineer and expects to hire additional staff in next year.
Goehrke says it has also outgrown its current space and is moving to new offices in Perimeter Park in early December.
The company says its embedded computing modules enable smaller, higher performing, scalable and lighter electronics that use less power.
The investment will be used to support ongoing product development. The company recently announced the launch of the SX2000 Reconfigurable Computing Platform, a scalable, high-performance platform designed to streamline and accelerate data-intensive applications.
The company’s SiCB technology platform allows bare die integrated circuits to be densely populated onto a large area silicon substrate, replacing the current method of putting packaged die onto a conventional printed circuit board.
As compared to these traditional electronic assemblies, this breakthrough platform allows a smaller overall system to deliver higher functionality and performance with reduced power requirements, due to fewer signal discontinuities and shorter traces between die.
Goehrke says the company is currently marketing products on a targeted basis, and plans to introduce its embedded module products, which combine memory, cpus, and other components in smaller, lighter, higher performing packages, at the at SC09, an international conference for high-performance computing, networking, storage and analysis in Portland, Oregon from November 14-20.
The company, created with technology developed at RTI International, received CED’s 2008 Entrepreneurial Excellence Spin-Out of the Year Award while still named Beeco, and is a winner of TechJournal South’s 2009 Tech 50 award.
Online: www.sixisinc.com
Posted in Hardware, IT, Money, North Carolina | Comments Off
Tuesday, September 29th, 2009
RALEIGH, NC – CipherOptics has named a new management team.
Leading the new team is Thomas J. Gill, the former CEO and president of FORE Systems, who has been appointed chairman and CEO of CipherOptics.
Several other former FORE Systems executives have also joined CipherOptics including Gary Brunner as CFO, Kevin Nigh as senior vice president of Engineering, and Kirk Wrigley as senior vice president of Sales and Business Development.
“With the new management team in place, we are confident that CipherOptics can take advantage of its technical leadership and the growing market opportunity for policy and key management and network encryption,” said Martin Neath, general partner at Adams Capital Management and CipherOptics board director.
CipherOptics sells network encryption technology.
Online: www.cipheroptics.com
Posted in IT, North Carolina, People, Security | Comments Off
Tuesday, September 29th, 2009
NASHVILLE, TN – The Tennessee Technology Development Corp. has awarded just over $500,000 in grants to six projects developing technology for commercialization.
The awards went to teams developing cancer testing, a hybrid electric motor, a sensor to monitor levels of the anesthetic propofol, a fuel-cell technology, a polystryrene foam production process and high purity carbon nanotubes.
Teams are in Nashville, Memphis, Cookeville, Knoxville, and Oakridge.
For details see the full story at Venture Nashville: Venture Nashville: http://bit.ly/Ss5jZ
Posted in Economic Development, Hardware, IT, Money, Tennessee, University Tech | Comments Off
Tuesday, September 29th, 2009
WASHINGTON, DC – Broadband for America, a new coalition, launched last week citing a goal of getting broadband Internet access to every house and business in the nation.
It has about 100 members who include content and application sellers, consumer advocacy groups, and companies that maintain the Internet infrastructure.
Online: www.broadbandforamerica.com
Posted in Business Briefs, Internet/New Media, Washington, DC | Comments Off
Tuesday, September 29th, 2009
SAN FRANCISCO – Twitter, the micro-blogging service, has confirmed it has received a significant amount of funding. The Wall Street Journal reported that Twitter has received $100 million at a $1 billion valuation.
Twitter identified its investors as including Insight Venture Partners, T. Rowe Price, Institutional Venture Partners, Spark Capital and Benchmark Capital.
The site expects to have 25 million users by the end of the year.
Posted in Internet/New Media, Money | Comments Off
Tuesday, September 29th, 2009
FAllS CHURCH, VA – DynCorp International, which sells technology and services to military and civilian customers, is acquiring Alexandria-based Phoenix Consulting Group, which sells training courses and materials and management consulting services to the intelligence community.
Financial details were not disclosed.
DynCorp says the deal will expand its services to national security and intelligence customers.
Online: www.dyn-intl.com; www.intellpros.com
Posted in Acquisitions, Government/Defense, IT, Virginia, Washington, DC | Comments Off
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