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Archive for November, 2009

Interactive Advisory Software nabs $1M

Monday, November 30th, 2009

MARIETTA, GA – Interactive Advisory Software Inc., a company selling a wealth management software program to independent financial advisors, has raised a $1 million mixed offring of shares, debt and options, according to a regulatory filing.

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

A single unnamed investor is cited in the filing.

The company says its product helps independent financial managers streamline their operations with comprehensive information and management tools.

According to the company’s Web site, its IAS Solution 360 degrees combines portfolio management, financial planning, customer relationship management, back office services, client access portals, and rebalancing.

The firm has not yet responded to TechJournal South’s request for an interview.

Online: www.issoftware.com

Online holiday spending up 11 percent

Monday, November 30th, 2009

RESTON, VA – For the holiday season-to-date, $10.57 billion has been spent online, marking a 3-percent increase versus the corresponding days last year. Black Friday (November 27) saw $595 million in online sales, making it the second heaviest online spending day to date in 2009 and representing an 11-percent increase versus Black Friday 2008, according to digital measurement firm comScore.

“Black Friday, better known as a shopping bonanza in brick-and-mortar retail stores, is increasingly becoming one of the landmark days in the online holiday shopping world,” said comScore chairman, Gian Fulgoni.

“The $595 million in online spending this Black Friday represents the second heaviest online spending day of the season-to-date and a double-digit increase from last year.

“While this acceleration in spending suggests the online holiday season may be shaping up slightly more optimistically than anticipated, it may also reflect the heavy discounting and creative promotions being put forth by retailers that now encompass the use of social networks such as Facebook and Twitter.

“Cyber Monday – the traditional kick-off to the online holiday shopping season – and the subsequent weeks will be the real test for how online retailers fare this season. That said, this is a very encouraging start.”

Online: www.comscore.com

“Twitter” most popular word in 2009

Monday, November 30th, 2009

The most popular word in 2009 was “Twitter,” according to the Global Language Maonitor, which tracks language trends.

It came in ahead of Obama, stiumlus, and vampire, all in the top five.

In Bing’s most searched topics in 2009, however, Obama beat out Michael Jackson for the top slot, although “King of Pop,” referring to Jackson, was the number one search phrase of the year on Bing.

The Oxford English Dictionary, though, cited “unfriend” as the word of the year.

The effects of social media upon the language this year were so obvious it led the site Mashable to ask, not entirely tongue-in-cheek “What else does social media have to conquer?”

Baltimore’s Slate Capital acquires eCoast Sales Solutions

Monday, November 30th, 2009

BALTIMORE, MD – Slate Capital Group and New Markets Venture Partners, both private equity firms based in Maryland, have acquired eCoast Sales Solutions, a New Hampshire firm.

Financial details were not disclosed.

ECoast is an outsourced sales and channel marketing agency that does projects for high technology companies.

Online: www.ecoastsales.com

Atlanta-based CDC Software acquiring gomembers

Monday, November 30th, 2009

ATLANTA & SHANGHAI – CDC Software Corp. (Nasdaq:CDCS), which sells software and services, has agreed to acquire gomembers Inc., which sells SaaS and licensed software for not-for-profit and non governmental organizations.

Financial details were not disclosed.

Chicago-based gomembers is the second of the two previously announced SaaS companies CDC Software plans to acquire as part of its SaaS roll-up strategy to complement its on-premise solutions in key verticals that include NFP/NGO, retail, financial services, consumer electronics, apparel, consumer packaged goods (CPG), travel/leisure/loyalty and sports/entertainment.

Online ad revenue drops again year over year, but increases over 2nd Q

Monday, November 30th, 2009

NEW YORK – Online advertising revenue fell again in the third quarter, dropping to $5.5 billion, down 5.4 percent from a year ago, according to the Interactive Advertising Bureau.

In a positive sign, however, revenue rose slightly over the 2nd Quarter’s $5.43 billion.

Randall Rothernberg, CEO of IAB, said that “Digital media has been a bright spot within the larger economic downturn,” despite the falling revenue that has plagued the industry as a whole since during the slowdown.

Online: www.iab.net

Amazon looking at NC, SC for possible distribution center

Monday, November 30th, 2009

CHARLOTTE, NC – Amazon is scouting for a site along Interstate 85 in North or South Carolina for a potential distribution center, a developer told the Charlotte Business Journal.

The giant Internet retailer is planning a site of about 500,000 square feet and it could result in hundreds of jobs.

Amazon declined to confirm the report to the business journal.

Several months ago, Amazon cut off its North Carolina Internet associates due to a change in the state’s tax laws that would have required the retailer to tax products sold to state residents via the Internet.

Privaris closes $2M raise for biometric ID products

Monday, November 30th, 2009

CHARLOTTESVILLE, VA – Privaris Inc., which makes biometric ID products, has closed on just over $2 million in a mixed offering that converted $1.58 million of existing promissory notes to new ones and included $500,000 in cash, according to a regulatory filing.

The company previously raised about $18.2 million in venture backing from institutional investors including Harbert Venture Partners, Noro-Moseley Partners, River Cities Capital Funds, RedShift Ventures, and SpaceVest Capital. It was funded by private individuals prior to its first round in 2005.

The company disclosed the current raise in a filing with the U.S. Securities and Exchange Commission.
Founded in 2001, the company has patented technology.

The core Privaris product is a patented, wireless, keychain device that uses fingerprint-based biometrics to authenticate its user prior to releasing the information needed to perform a transaction.

The products work with existing physical and IT security infrastructure to authenticate the identity of an individual prior to that individual being granted access to facilities, IT resources, services and transactions.

The fingerprint data is stored and processed only on the device and is never released so as to protect an individual’s personal privacy.

Holiday guide to what’s fresh in PCs

Thursday, November 26th, 2009

By PETER SVENSSON
AP Technology Writer

This holiday season is a great time to buy a PC. There’s a nice new version of Windows out, and computer manufacturers are adding interesting new technologies. Here’s a guide to what’s fresh in PCs, ranging from “netbooks” to super-sized “all-in-one” desktop computers.

Netbooks
Netbooks: These small, cheap laptops have become very popular since they were introduced two years ago. Originally sporting tiny 7-inch screens, netbooks have been creeping up in size.

This year, most of them have screens between 10 and 12 inches and keyboards that are more comfortable for adult users. What’s lagged is processor power: Most netbooks still can’t play Hulu or YouTube videos without stuttering.

That’s finally changing as netbooks are getting more powerful graphics chips and Adobe is upgrading its Flash player software to take advantage of them.

We tried an HP Mini 311 ($400 list) with an Nvidia ION graphics chip and found it easily played DVD-resolution TV shows from Hulu. A Toshiba T115 ($450) with an Intel graphics chip played lower-resolution shows fine, but choked at DVD resolution.

Both have 11.6-inch screens and weigh a little more than 3 pounds. The Mini runs Windows XP, while the T115 runs Windows 7 Home Premium, for an updated look and greater ease of use.

When playing high-resolution video and accessing the Internet over Wi-Fi, the Mini’s battery lasted 3 hours and 35 minutes, compared to 3 hours and 50 minutes for the Toshiba – very respectable scores but not at the top of the netbook range. In less taxing use, both would last several more hours.

The HP model is widely carried in stores, while the Toshiba will be easier to find online.

Ultrathins
Ultrathins: The big news in laptops this year is that power-thrifty “ultra-low voltage” chips that require little cooling have been coming down in price. That means that light, skinny laptops with amazing battery lives are available for $600 to $1,000 _ less than half of what they were going for a year ago.

We tested the Asus UL80Vt ($850), which lasted 4 hours and 30 minutes in our challenging battery test _ an astonishing figure for a machine that has a large screen (14 inches) and is still light, at just 4.6 pounds. In less taxing use, it could live up to the manufacturer’s claim that it could run for up to 11.5 hours.

A good graphics card and a DVD drive make this a formidable, 1-inch-thick entertainment package. It also contains an innovation that’s showing up in several laptops: a button that boots up the computer in eight seconds.

That launches a different operating system, not Windows, but it does have a Web browser, and it could be useful for quick e-mail checks and the like. Only complaint: the mouse button is too stiff. This computer is best found online.

The recently updated Apple MacBook ($1,000) is slightly heavier and thicker, with a smaller screen. But it has a full-power Intel chip, making it much more capable at heavy-duty applications such as video editing. The slick and friendly software and huge touch pad make the job easier. Sold at Best Buy and Apple stores, and on Apple’s Web site.

Full-sized laptops
Full-sized laptops: These haven’t improved as much as smaller ones lately, but the release of Windows 7 has inspired manufacturers to try something new: touch-sensitive screens. This sounds like a gimmick, but use one and you’ll probably think otherwise. It’s nice to be able to bypass the touch pad or mouse and “click” on a Web link simply by touching it.

We tried the Acer Aspire 5738PG, which has a 15.6-inch screen, and found it a pleasure. However, at $800, it’s about $120 more expensive than an equivalent non-touch model. You’ll have to decide if the premium is worth it.

This is a powerful, 6-pound machine in the “desktop replacement” category. While running on battery power, it lasted just 1 hour and 35 minutes. Find it online.

Touch Desktops
Touch desktops: Hewlett-Packard Co. has been making desktop computers with built-in touch-sensitive screens since 2007. Now that Windows 7 is out and includes better support for touch screens, other manufacturers are jumping on the bandwagon and prices are coming down.

We tried a Gateway One ZX4800 with a 20-inch screen. It can be had for as little as $600 online or at Best Buy stores. For a desktop computer, it doesn’t have a powerful processor, but it breezes past the Hulu test and all regular tasks. Only 3-D gaming and high-definition video editing would really tax it.

A model with a bigger screen and a beefier processor costs $1,300. The included touch-based games aren’t much fun, but Web browsing by touching the screen feels natural. It comes with a wireless keyboard and mouse.

On the high end, the Sony Vaio L Series has 24-inch screens and costs $1,300 to $2,000. We tested the most expensive model, which has a powerful quad-core processor and a Blu-ray drive. It also doubles as a TV, with inputs for an antenna, cable box or game console.

It even comes with a remote. That makes it a true “all-in-one” device and a great pick for a dorm room, if you can afford it. Easiest to find online.

Florida-based World Market Media taps $60K

Wednesday, November 25th, 2009

WEST PALM BEACH, FL – World Market Media, an unusual consulting firm creating a global social media network of the world’s securities exchanges, has raised $60,000 in equity and debt, according to a regulatory filing.

The company disclosed the financing in a filing with the U.S. Securites & Exchange Commission.

World Market Media has created an online director of more than 180 securities exchanges in 160 countries as well as their associations, federations, and regulatory bodies.

It provides news and market data coverage for each exchange.

According to its Web site, the company offers services that include social media marketing and branding, investor relations 2.0, web development and audio and video production among others.

The company says that as its investment community platform develops, it will become a marketing and distribution channel for the exchanges and their listed companies.

Online: www.worldmarketmedia.com