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Archive for October, 2009

Future Point Systems helps visualize and manage information

Friday, October 30th, 2009

By Allan Maurer
RESTON, VA—Future Point Systems says the digital world is forcing many companies to deal with a problem the government and armed services have always had, analysis of mass quantities of information. “The government and its intelligence services have always had to deal with that,” says recently appointed CEO Mike Metscher. “But now commercial companies doing market research have so much more data to analyze they need good tools.” Future Point Systems sells a tool originally developed for the U.S. Army that helps its clients visualize and manage all that data.

Future Point Systems was founded in 2006 in partnership with Pacific Northwest National Lab. As a private commercial enterprise, Future Point Systems has been granted exclusive rights to develop and market Starlight VIS (Visual Information System), capitalizing on millions of dollars of government-funded R&D.

Starlight helps users visually manage, understand, and derive new knowledge from massive quantities of heterogeneous and complexly related information, the company says.

Metscher tells TechJournal South the company still sells primarily to the government customers such as the FBI, the U.S. Army Intelligence and Security Command and numbers others with an unending need to process those huge quantities of data. But commercial organizations have an increasing need for tools like Starlight, he says.

“Due to the digital world, they’re able to get much more data on consumers through Web sites, such as a massive amount of product review data from actual consumers and a lot more data on the Internet to bge harvested. They can get faster feedback from customers, but it’s a lot of data to ingest and decide what to do with.”

Starlight, he says, allows the company’s clients to analyze more data with fewer people. The product offers numerous ways users can visualize their data and offers them choices on how to bring data into the system.

Among areas where the company sees it as useful in the commercial sector include:
Legal Analytics—Starlight can process enormous amounts of dissimilar data to quickly locate key items or piece together causal chains, as well as execute eDiscovery, computer forensics, email analytics, compliance, or IP management.

Market and Competitive Intelligence—With the ability to integrate blogs, chat forums, social networks and traditional Web sites, Starlight can unlock significant value from many forms of consumer expression.

Cyber-Security and Computer Forensics—Analysts can use Starlight for a vast range of security tasks, from examining a computer system after a break-in or seizure, to sifting through NIDS (Network Intrusion Detection System) data to uncover suspicious connections between machines.

“It looks like a Windows program,” he explains. “You pull up the different views, some 3D and see relationships quickly.” Among other things, it also will map the data from geospacial coordinates so that it can then be ouput on Google Earth. “We have a lot of Google Earth users,” says Metscher.

The data can also be imported to the Microsoft clipboard, Excel, Powerpoint and other documents. And documents such as a directory of emails, Powerpoint , PDF, or Word documents can be dragged into a folder and the Starlight tool will process it automatically. “It’s easy to get data into the system,” Metscher says.

The product costs about $30,000 a seat for commercial users and is discounted to the government.

The 11 employee company is not currently seeking outside funding but may next year, the CEO says.

Online: www.futurepointsystems.com

Internet Summit near a sell-out, a few seats still available

Friday, October 30th, 2009

RALEIGH, NC – You can still join a record crowd at the Internet Summit 09 in Raleigh Nov. 4-5 to hear 75 industry luminaries discuss emerging digial trends and best practices. But fewer than 40 seats remain available. The first event last year sold-out.

This year, in addition to panels and talks from executives, entrepreneurs and investors in the digital space, 15 companies will demonstrate their emerging technologies at the event.

Speakers include the CEO of Technorati, the president and CEO of Pandora, and the founder and CEO of Lending Tree and executives from ESPN, Blogger, WEblogs, comScore, and CBS Interactive, among other top brands.

TechJournal South presents the event along with Southern Capitol Ventures.

To register see: www.InternetSummit.com

Study says: seniors now lead in online activity

Friday, October 30th, 2009

ALEXANDRIA, VA – Seniors aged 65 and older (also referred to as “Matures”) have made the Internet an integral part of their everyday lives. In a recent study, 77 percent report that they shop online.

In fact, Matures lead all other generational groups when it comes to this online activity. They regularly use email (94 percent), go to the Internet to look up health and medical information (71 percent), read news (70 percent), and manage their finances and banking (59 percent).

Matures also turn to the Internet for gaming; approximately half (47 percent) of online Matures regularly play free online games.

Boomers (ages 45 – 64) are heavy online users as well, with 93 percent using email and 71 percent shopping online. Other regular online activities of Boomers are going to the Internet to read news (73 percent), gather information (67 percent) and pay bills (66 percent). Three out of ten (30 percent) regularly watch videos online, and 39 percent regularly go to networking Web sites, forums, message boards and chat rooms.

These findings come from the CTAM Pulse report that includes data from the “Life Stages & Life Styles: Turning General Differences Into Media Opportunities,” and analyzes four generational groups.

“The technology adoption behaviors of the younger generations is studied frequently and their impact on advertising and marketing is widely known,” said CTAM President and CEO Char Beales.

“But this study is unique in that it reveals opportunity among the Boomers and Matures, who have significant purchasing power, are active online and more comfortable with technology than often reported.”

This CTAM research was partnered with BoomerEyes, a division of C&R Research and is based on a total of 1,500 online interviews from June 3 through June 14, 2009.

Online: http://bit.ly/3CvSSS

Fake messages from FDIC deliver password stealing virus

Friday, October 30th, 2009

BIRMINGHAM, AL – Cyber criminals are using fake messages claiming to be from the Federal Deposit Insurance Corporation (FDIC) to deliver a virus capable of stealing unsuspecting victims’ bank passwords and other sensitive personal information, says Gary Warner, the director of research in computer forensics at the University of Alabama at Birmingham (UAB).

Warner says the spam is being delivered with one of two subject lines:

* FDIC has officially named your bank a failed bank
* You need to check your Bank Deposit Insurance Coverage

Warner says that once the message is opened the spam asks users to visit a specific Web site, a link to which is included in the message. Those that follow the link are taken to a page that asks them to click and download a copy of “your personal FDIC insurance file.”

“Unfortunately, anyone who clicks that download link will be downloading a version of the Zeus Bot virus, which has the capacity to steal bank passwords and other financial and personal information,” Warner says.

Warner and his research team in the UAB Spam Data Mine have been tracking the new spam for a number of days and report its delivery volume to be very high.

The spam claims to be from the e-mail address consumeralerts@fdic.gov, which is a real e-mail address used by the FDIC, but has obviously been forged by the malware distributors in this situation, Warner says.

“The cyber criminals behind this spam have gone to great lengths to mimic the logos and look of FDIC communications, including going so far as to forge an official FDIC e-mail address in an effort to confuse consumers into following links and downloading harmful programs,” Warner says.

“As is the case with any agency or company e-mail, do not follow links or click downloads embedded in the messages. Instead, visit the site in question through your Web browser and log in as you normally would,” he says. “If an entity has an important message for you, you’ll be able to find it on its Web page.

“Legitimate companies will never ask you to download programs or enter your personal information via an e-mail.”

Learn more about the FDIC spam at Warner’s blog: http://garwarner.blogspot.com/.

Georgia researcher’s study may help combat or prevent flu outbreaks

Friday, October 30th, 2009

ATHENS, GA – Each year, the influenza virus evolves. And each year, public health officials try to predict what the new strain will be and how it will affect the population in order to best combat it.

A new study by an international team of researchers, led by assistant professor Andrew W. Park, who holds a joint appointment in the University of Georgia Odum School of Ecology and in the College of Veterinary Medicine, may make their task a little easier.

The study breaks ground by working across scales and linking sub-molecular changes in the influenza virus to the likelihood of influenza outbreaks. The paper, published in the Oct. 30 edition of the journal Science, shows the relationship between the evolution of the virus and immunization rates needed to prevent an outbreak in the population.

Park explained that these findings can help inform efforts to prevent future outbreaks. “Public health officials will be able to assess the usefulness of a vaccine based upon its relationship to the current influenza strain and the population’s immunity level,” he said.

Through previous vaccinations or infections with earlier strains of the influenza virus, many individuals already have some level of immunity, Park noted. The influenza virus is continually evolving, however. By substituting different amino acids at key molecular points, the virus increases its chances of evading the immune system’s defenses, allowing it to reproduce and spread.

As the number of amino acid differences between a new strain and the strain an individual was vaccinated against increases, the likelihood of becoming infected increases, Park said, as does the likelihood of becoming infectious and the length of time the individual will remain infectious. These factors combine to increase the chance of an outbreak in a population.

Working with equine influenza, the research team members looked at the likelihood of an influenza outbreak in a population that had all been vaccinated with the same strain of the virus.

They found that outbreaks began occurring when there were two or more amino acid differences and that the size of the outbreak increased with the number of amino acid differences.

They also found that large outbreaks were more likely to occur if the virus and the vaccine were from different antigenic clusters—meaning that a host’s immune system perceives the two strains as different. Comparing these results with an earlier human influenza study revealed similar trends.

Another key factor in determining the risk of an outbreak in real populations, however, is the individual variation of immunity in the population. Because the virus keeps changing, so do the vaccines used against it.

This causes the immunity of the population to be heterogeneous—some individuals have been infected with or vaccinated against last year’s influenza strain, some against strains from previous years, and some have no immunity at all. Park and his colleagues found that the degree of variability of immunity in the population plays a crucial role in determining the risk of an outbreak.

Park added that in measuring for the first time how the difference between the population’s immunity status and a new virus strain influences the risk of an epidemic, the team has taken a critical step toward linking these relationships with the dynamics of epidemics, not just for influenza but for a wide range of infectious diseases.

Virginia-based comScore acquiring Certifica

Friday, October 30th, 2009

RESTON, VA – comScore Inc. (NASDAQ: SCOR) , a leader in measuring the digital world, has entered into a definitive agreement for the acquisition of Certifica, a leader in web measurement in Latin America.

The acquisition helps enhance comScore’s presence and brand in the rapidly-developing Latin American market and positions the company for further expansion in the region.

Financial details of the deal were not disclosed.

Online: www.comscore.com

Florida-based FIS selling ClearPar business

Friday, October 30th, 2009

JACKSONVILLE, FL – FIS (NYSE:FIS) today announced that it has signed an agreement to sell its ClearPar automated syndicated loan trade settlement business to Markit, a global financial information services company.

In addition, FIS’ Advanced Commercial Banking Solutions (ACBS) division has entered into a strategic alliance with Markit to jointly promote sales of FIS’ SyndTrak and SyndTrak Online and integrate these solutions with Markit’s loan business data and settlement products.

Terms of the sale, which is expected to close by the end of the fourth quarter, were not disclosed.

ClearPar, launched in 2001, is part of FIS’ ACBS division and provides a middle-office platform for trade settlement in the syndicated loan market.

Online: www.fidelityinfoservices.com

Southeast Venture Conference seeks presenting companies

Friday, October 30th, 2009

TYSONS CORNER, VA – The Southeast Venture Conference (SEVC) is seeking applications from companies to present at its fourth annual event at the Ritz Carleton in Tysons Corner, VA, Feb. 24-25. The conference is seeking high growth, innovative companies from a variety of technology industries.

Those include: Clean-Tech, Energy, Software, Communications, Medical Devices, Information Technology, Life Sciences, Nanotech, Mobile, Internet and Defense among others.

SEVC will feature a wide range of presenting companies, from late stage Pre-IPO firms to younger high growth technology companies.

SEVC is expected to feature 70 of the region’s top high growth private companies.

Companies will be showcased before a national audience of venture capitalists, private equity investors, angel investors, investment bankers, entrepreneurs and technology industry executives. Presenting companies will be headquartered or have a significant presence in the Southeast or Mid-Atlantic regions.

The application deadline for presenting companies is set for December 11th, 2009. Applicants are encouraged to apply early for maximum consideration. Additional details on presenting or registration information can be found at www.seventure.org.

The Southeast Venture Conference has sold out in each of its three previous events, while showcasing dozens of the region’s fastest growing companies to an audience representing over $150 billion in private equity.

The mission of the SEVC is to help support the innovation and entrepreneurial activity of emerging high growth technology companies from the southeast region and the resulting economic growth in the greater Southeast and Mid-Atlantic regions.

As part of that goal, the SEVC understands the importance of investment capital to this equation and provides a key forum to facilitate the infusion of growth to the southeast high growth technology community. The SEVC not only showcases top regional technology companies, but provides unparalleled networking opportunities among the region’s technology and investment leaders while providing insightful content through dozens of industry speakers.

For more information see: www.seventure.org

The Three R’s for Business Success

Friday, October 30th, 2009

By Dianne Durante, Ed.S. and Kirsten Hagman, LMSW

In these challenging economic times, when we are surrounded by businesses struggling to succeed, it is hard to stay positive and focused on our goals. Good managers would be wise to go back to the basics and keep it simple in their management techniques. As young children we learned that the building blocks were “reading, ‘riting and ‘rithmetic.” As successful managers, the new building blocks for challenging times could be considered respect, resiliency and results.

RESPECT

Marriage counselors often see a major factor in divorce is a lack of respect. If you lack respect for your partner, you will lie and cheat without remorse or regard for your actions.

Certainly, these factors apply in the workplace as well. Employment is also a partnership, a marriage of sorts. Many employees spend more time each week in the workplace than they spend with their families so it is important to create a respectful, positive environment.

These changes will have a positive impact on the bottom line. One of the most forgotten elements of success is respect. Research shows that respect fosters connectedness and leads to increased employee loyalty, higher customer sales and greater creativity in the workplace, as well as stronger interpersonal relationships.

Publix Supermarkets have been known as a Top 100 company to work for since 1985. They offer their employees a number of excellent benefits that help to create a positive environment where everyone from the store managers to the baggers feel valued.

Founder George Jenkins always made respect a priority in his dealings with his employees as well as with his customers. This chain shows that respect in a number of ways, such as allowing all employees a stock option to increase that feeling of ownership. Also, they are ALWAYS closed on major holidays so every employee may spend that day with friends and family.

Whether you are a big corporation or a small “mom and pop” business finding ways to show your respect for employees every day is invaluable and will have a big payoff.

There are many ways that you can start showing that respect for your employees on a small scale: email an inspirational quote each day, include a brief but genuine note of gratitude with each paycheck, and acknowledge and recognize the efforts of at least one employee a day.

Perhaps you could make “TENS” a daily routine in your workplace- we shake hands with each person that we come in contact with (T for touch), we make eye contact (E for eye contact), address co-workers by name (N for name) and don’t forget to Smile! Smiles have been found to be quite contagious and a good mood often spreads throughout the office (much like we have all seen happen with a bad or stressful mood).

It starts with the little pleasantries like saying “good morning” or sincerely asking how their weekend went. It expands to using kind language, cleaning up after ourselves and offering to help our co-workers.

Interested in increased respect in your workplace? To try this simple activity you will need a roll of pennies and a small bowl or jar. Keep the roll of pennies in your drawer. Every time you engage in a respectful interaction with colleagues put a penny in the bowl on your desk. This visual reminder will help you to watch the respect habit grow.

RESILIENCY

Look at an elastic band and then stretch it! After it stretches it looks like it returns to its natural shape. However, the molecules in it have actually shifted and it is not exactly the same as it was before the stretch, it has been changed.

This small symbol is a reminder of our ability to withstand the challenges and crisis in the workplace. In fact, the Chinese character for crisis is actually made up of two characters, one is opportunity and one is growth. Resilient people are well aware that hard times are often an opportunity for growth.

Research supports the finding that resilient people share common traits. They all have a basic belief in their ability to set goals and to make change. Resilient people recognize their strengths and see themselves as strategists.

They perceive bad times as temporary and have faith in the future or in a higher power. Resilient people do to not try to “go it alone”. Their most important characteristic is the ability to create and expand their circle of support. Resilient people do not look in the rear view mirror, they only look ahead.

This opportunity for growth can help managers and employees look at problems from different perspectives. Luckily, resiliency can be taught. Encourage brainstorming with your employees using insight, humor and creativity as cornerstones of the process.

The elasticity of the elastic band reminds us to be flexible and that we can learn to bounce back from a trauma, especially if we remember to expand our circle of positive, supportive colleagues.

RESULTS

Make your business the respectful, resilient environment that will produce the third R- Results.

Thinking about these basic building blocks throughout your day will result in success and greater employee satisfaction. Little things do make a difference in the end. Henry Ford said, “Coming together is a beginning, keeping together is progress, working together is success”. Here’s to your success!

Dianne Durante, Ed.S., is a licensed Marriage and Family Therapist and business consultant who conducts motivational workshops nationwide with her daughter, Kirsten Hagman, LMSW. A popular speaker, she combines symbols and stories, keeping audiences learning and laughing. For more information visit DianneDurante.com.

Georgia-based biotech Halscion collects $6M of $35.5M raise

Thursday, October 29th, 2009

DULUTH, GA – Halscion Inc., a biotech company developing a device to reduce the appearance of scares from surgical wounds, has raised $6 million of a targeted $35.5 million round, according to a regulatory filing.

The company revealed the funding in a filing with the U.S. Securities and Exchange Commission.

Founded in 2008, the company is an Innovation Factory portfolio company. It raised a $4.5 million A round.

Companies generally cannot comment on funding rounds still in progress.

Online: www.tif.net/portfolio_halscion.htm