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Archive for June, 2010

TerraGo closer to $3 million raise for GIS tech

Tuesday, June 29th, 2010

TerragoATLANTA – TerraGo Technologies Inc., a company selling software that lets people without sophisticated GIS experience work with complex maps and images, has raised $1.88 million toward its targeted $3 million round, according to an amended filing with the U.S. Securities and Exchange Commission.

We reported in May that the company had closed on $1 million of the round. Principals cited in the filing include Rich Harris of RedShift Ventures, based in Chevy Chase, MD, and Anne Miglarese, Meade Sutterfield and Joseph Del Guercio of Bethesda, MD-based CNF Investments, all directors.

The company raised a $6.3 million Series A round in May 2007 led by RedShift Ventures with participation from CNF Investments, the venture capital arm of Clark Enterprises Inc., and In-Q-Tel, an investment fund that supports missions of the Central Intelligence Agency and larger U.S. intelligence community.

TerraGo Technologies delivers software applications that extend the access and application of maps and images for non-GIS users and customers.

More than 700 organizations, including many defense and intelligence agencies, utility companies, public safety/emergency response departments, natural resource management and engineering firms, depend on TerraGo software.

“In a nutshell,” says TerraGo VP of Marketing Chris Watson in a previous interview with TechJournal South, “We help companies take the investments they made in maps and images, big GIS systems or a relationship with Google Earth and disseminate the information more effectively to non technical people.

“A large number of people don’t even know what GIS stands for, but need the information. Our software allows them to take maps into the field and make annotations, edit them electronically, attaché audio or video, and send them back to the system of record.”

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.

Previously on TechJournal South:
TerraGo unleashes the power of geospatial data

5 Tips for Using Social Media to Build Your Opt-In List

Tuesday, June 29th, 2010

By Marsha Friedman

Marsha Friedman

Marsha Friedman

The immense popularity of social networks, and the meteoric rise in the last few years of social media marketing, have been some of the most exciting new directions for PR and marketing that I have experienced.

That is why I jumped on board the social media marketing train over a year ago…it has been a huge boon to my performance-based PR business.

But in spite of the many extraordinary opportunities in social media marketing, one drawback I’ve found is the speed with which one can be forgotten. Even the social-media savvy may struggle to stay in front of and remain memorable in the minds of their friends, followers, connections and fellow group members.

The truth is that being an active and diligent social media marketer, posting and participating with consistent frequency, does not guarantee your messages are going to be seen by everyone you would like to reach. And it’s understandable … people are busy. Some log on to their social networks at different times of day than when you happen to be on, others get involved only sporadically, while some group participants may only check in to see what’s happening in their group every few weeks.

Social media requires support

Tweets are here and gone in a flash. If your posts are not showing up in someone’s news feed or social network home page when they happen to log on, your only hope for that person to see your communication is for them to find you interesting and memorable enough to regularly visit YOUR profile to see what you’re up to. Sadly, more often than not, the majority of your prized connections are probably missing your posts.

My solution for this dilemma is to support my social media marketing with traditional email marketing activities.  This one-two punch has been a very valuable approach for me: social media marketing has enabled me to increase my email list by thousands with those on the list continuously receiving my newsletters that carry my message.

Each week I email my newsletter containing my articles with tips on how to use PR to promote your business to my mailing list. (I have actually been sending these weekly emails since email became a common means of business communication and prior to email I was sending faxes!)

Unlike my social media efforts, I know that everyone on that mailing list sees my email in their inbox, at the very least. Some read and respond with feedback or a request for information about our services, while others forward it to their own lists.

My newsletter helps my social media contacts remember me and what I do, and this has led directly to many new business relationships. Indirectly, I frequently receive referrals from the members of my opt-in list.  And I always enjoy the times when someone from my list, who has been quietly receiving my emails for years without responding, finally reaches out for my professional help and becomes a client

That is the real reward of combining your email and social media marketing efforts.

So how do you do this? The trick is a strategy to turn your social media followers into opt-in newsletter recipients

Here are five tips for using social media to build your opt-in list:

1.  Join Targeted Groups and Post Effective Discussions. Within your social networks, choose the groups wisely in which you will participate, focusing on groups that are active and contain your target market. You should post discussions to demonstrate your professional expertise and drive people to your website, taking care to make your headlines short and interesting. Making the headline for your post a question is an effective attention-getter, or using wording containing phrases like “tips for” or “strategies for,” also works very well.

Be sure to post a paragraph-long teaser in the discussion body telling people what helpful information you have to share and include a link to your website where they can read it in full. Close with a question for the reader or a statement soliciting feedback. When readers comment, your post will remain at the top of the group list where more people can see it.

2.   Make Sure your Website is “Opt-in” Friendly. Make sure your opt-in form is prominent throughout your website, with a message telling visitors that when they sign up for your list they will receive helpful information as opposed to spam. You can also include incentives to help encourage people to opt-in. E-books work nicely.

3. Invite Every One…But Don’t Pester. Every time you get a friend request or a new follower, send a message introducing yourself and include an invitation (with the link to your site’s opt-in form) to sign up for the helpful information you send to your list. If the new connection does not immediately respond, don’t message them again with a repeat of your invitation. If they didn’t take the bait through the initial invitation, you’ll have plenty of chances to win them over as they continue to see the wealth of information you have to share.

4.  Be Direct…But Not Too Often. If you have a helpful and valuable incentive to offer, occasionally post updates inviting your friends and followers to go get it! Keep in mind you are treading a thin line with this type of post, so make sure they are infrequent and are mixed in with many posts that are completely non-promotional in nature. You don’t want to be considered “that guy” who’s just there to promote to people.

5.      Be Consistent in Your Social Networking! The key to making points 1 – 4 above really work for you is – stay active in your networks and groups. If you are only an occasional visitor, you might as well “stay home.” In order to reap the rewards of these strategies, post often and wisely, and pay attention to your group members.

Participation in social networks can be enjoyable and rewarding, so start posting and have fun!

Marsha Friedman is a 20-year veteran of the public relations industry. She is the CEO of EMSI Public Relations , a national firm that provides PR strategy and publicity services to corporations, entertainers, authors and professional firms. She also hosts a national weekly radio talk show, The Family Round Table, and is author of the book, Celebritize Yourself.

Supreme Court upholds Sarbanes-Oxley, changes board rule

Monday, June 28th, 2010

WASHINGTON, DC – The U.S. Supreme Court has rejected the challenge to the constitutionality of the 2002 Sarbanes-Oxley Act, the attempt by Congress to bring stricter accounting standards to the corporate world following the Enron and WorldCom scandals.

The court did find that the way members of the Public Company Accounting Oversight Board are removed is unconstitutional and made the members removable at will rather than only for “good cause.”

Many business lobbying groups had hoped the court would declare the entire law invalid due to problems with the way members of the board are appointed.

But Chief Justice John Roberts wrote that the Act “Remains fully operative as law.”

Many public companies and business lobbying organizations contended that the Act is unduly expensive and did not do anything to curb fraud while constricting the number of companies that could afford to go public and slashing the number of foreign corporations listing on U.S. stock exchanges.

We’ll bring you reactions from industry sources as they’re released. The decision is bound to disappoint many smaller public companies which find the act burdensome and expensive.

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.

See:

Supreme Court decision affecting Sarbanes-Oxley expected soon

Trailer for Facebook movie, “The Social Network,” trashed

Monday, June 28th, 2010

Poster from The Social Network

Poster from the film, "The Social Network"

RESEARCH TRIANGLE, NC – The movie based on the origins of Facebook, “The Social Network,” is being trashed even before it’s released. Connie Loizos trashed the film’s teaser trailer over at PE Hub, predicts “this one lands a place in the same pantheon of stinky movies that includes Basic Instinct 2, and Battlefield Earth.”

We beg to differ. The trailer, which is all snippets of dialog, suggests a straight-forward take on the drama surrounding the incredibly popular social networking site’s beginnings.

The film, written by “West Wing” creator Aaron Sorkin, stars Jesse Eisenberg of “Zombieland” and “The Squid and the Whale” as Facebook founder Mark Zuckerberg, who has been the focus of much critical attention lately due to privacy concerns and various changes to the Facebook site.

Directed by David Fincher, the movie is set to open Oct. 1.

Scriptwriter Sorkin has never produced work we didn’t find intriguing, although he did tend toward preachiness in some “West Wing” episodes.

Site inspired controversy

It details how Zuckerberg founded the site with with his college roommates and fellow computer science students Eduardo Saverin, Dustin Moskovitz and Chris Hughes. Jason Timberlake plays Sean Parker, founder of Napster and Plaxo, who advised Zuckerberg early-on.

The site inspired controversy from the beginning. As Wikipedia puts it, “Just six days after the site launched, three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss and Divya Narendra accused Zuckerberg of intentionally misleading them into believing he would help them build a social network called HarvardConnection.com, while he was instead using their ideas to build a competing product.

Internet Summit speakers

We heard  from the Winklevoss brothers themselves at the 2008 Internet Summit in Raleigh, which TechJournal South sponsors, although legal restraints prevented them from discussing much about the actual controversy.

Personally, regardless of how the movie fares, we find Facebook useful, although we have noticed that many of our friends go through periods of high activity on the site, then take breaks, while others remain occasional posters at best and some almost never post any status updates. There’s an interesting study: how people actually use Facebook.

We suspect it would find that a handful of people supply most of the content on the site, just as they do on Twitter, which has millions of users who seldom if ever tweet, while others tweet several times every day.

Interestingly, the two competed in the 2008 Olympics. — By Allan Maurer

See also:

Lawfirm claimed Facebook paid $65M to settle suit

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.

iTrackr Systems plans $4.9M IPO

Monday, June 28th, 2010

iTrackrBOCA RATON, FL – iTrackr Systems Inc., a company htat specializes in real-time tracking of all types of consumer services, plans a $4.9 million initial public offering of stock, according to a regulatory filing.

The company’s retail site www.itrackr.com is a social networking site for consumers who want to find or track goods and services.

In a filing with the U.S. Securities and Exchange Commission, the company says it plans to sell up to 19.62 million shares at .25 a share.

The company, previously known as Must Haves Inc., reported revenue of only $10,742 in the first quarter this year.

The company will not receive proceeds from the IPO since the shares are being sold by existing shareholders. They represent a 73 percent stake in the company.

CEO John Rizzo, who founded the company in 2006, plans to sell 4.75 million shares, 65 percent of his holdings. Rizzo previously ran IT consulting firm ERM Solutions, which he founded in 1998.

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.

Baltimore’s JMI Equity launching 7th fund

Monday, June 28th, 2010

JMI EquityBALTIMORE, MD – JMI Equity, a venture capital firm that specializes in backing software and business services companies, is raising a 7th fund, according to a filing with the U.S. Securities and Exchange Commission. The filing does not disclose a fund amount.

JMI’s $600 million Fund VI launched in 2007.

Founded in 1992, JMI has invested in more than 85 companies throughout North America and has approximately $1.3 billion of committed capital under management. Its portfolio includes Blackbaud, DoubleClick, DriveCam, Jackson Hewitt, Mission Critical Software, NEON Systems, Transaction Systems Architects, Unica Corporation and Vertafore.

Typical JMI investments range from $10 million to $60 million. For larger transactions, it sometimes leverages its large base of Limited Partners, many of whom have the ability to make sizeable co-investments alongside JMI. It limited partners include public and private pension funds, fund of funds, endowments, foundations and financial institutions.

The company also has an office in San Diego, CA.

Contact Tech Journal South Editor and writer Allan Maurer:  Allan at TechJournalSouth dot com.

Cloud computing will outpace the desktop by 2020

Monday, June 28th, 2010

janna anderson

Janna Anderson

By 2020, most computer users will carry powerful pocket-sized computing devices that connect to networks using data and applications in the cloud rather than on the device, Robert Cannon, senior cousel for Internet law at the Federal Communications Commission told the Pew Research Center’s Internet and American Life Project.

Cannon responded to a Pew study that surveyed about 900 Internet and technology experts that found 72 percent believe future technology users will do business on shared mobile platforms and smart phones rather than desktops in coming years.

Some experts in this survey said that for many individuals the switch to mostly cloud-based work has already occurred, especially through the use of browsers and social networking applications.

They point out that many people today are primarily using smartphones, laptops, and desktop computers to network with remote servers and carry out tasks such as working in Google Docs, following web-based RSS (really simple syndication) feeds, uploading photos to Flickr and videos to YouTube, doing remote banking, buying, selling and rating items at Amazon.com, visiting with friends on Facebook, updating their Twitter accounts and blogging on WordPress.

“It’s obvious that people are enthusiastically embracing the ideal of ambient intelligence — being able to share and access data and create things anywhere, anytime,” said Janna Anderson, an associate professor at Elon University’s School of Communications and the report’s author.

Anderson pointed out, though, that the shift requires overcoming obstacles such as security and privacy concerns and limited broadband spectrum.

The desktop will survive

Among the other observations made by those taking the survey were: large businesses are far less likely to put most of their work “in the cloud” anytime soon because of control and security issue

This does not mean, however, that most of these experts think the desktop computer will disappear soon. The majority sees a hybrid life in the next decade, as some computing functions move towards the cloud and others remain based on personal computers.

Some survey participants said they expect that a more sophisticated desktop-cloud hybrid will be people’s primary interface with information. They predicted the desktop and individual, private networks will be able to provide most of the same conveniences as the cloud but with better functionality, overall efficiency, and speed.

Among the defenses for a continuing domination of the desktop, many said that small, portable devices have limited appeal as a user interface and they are less than ideal for doing work.

The Web-based survey was conducted with Elon’s Imagining the Internet Center. It is the fourth of five reports this year.

Previously on TechJournal South:

The Future Internet

Contact Tech Journal South Editor and writer Allan Maurer:

Allan at TechJournalSouth dot com.

Vocalocity rings up $3.45M for VoIP business service

Monday, June 28th, 2010

VocalocityATLANTA – Vocalocity has closed a third round of financing, raising $3.45 million according to a regulatory filing. The company, which sells hosted PBX VoIP services and infrastructure applications to small businesses, raised $4.1 million in January 2009 and a first round of $8.9 million in 2007.

A typo in our report misstated the first round as $89 million yesterday, drawing a comment from an investor, who said, “I wish…”

Investors include Noro-Moseley Partners, TechOperators, Pittco Capital Partners, Imlay Partners and members of the company’s management team.

Vocalocity presented at the 2010 Southeast Venture Conference sponsored by TechJournal South.

Founded in 2003, Vocalocity  provides subscription, Internet-based business phone systems it says improves the efficiency of small businesses while saving up to 80 percent over traditional phone service.

TechOperators partner Said Moharnmadioun said at the time of a previous financing that Vocalocity’s technology is “A fantastic platform from which to provide a full suite of software-as-a-service applications for the small business market. We see Vocalocity as a way to enable small businesses to compete more effectively. The company has had great success to date.”

Previously on TechJournal South:
Hosted VoIP firm Vocalocity calls up $8M first round

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.

Durham-based PocketGear phones in $12.5M raise

Friday, June 25th, 2010

PocketgearDURHAM, NC – PocketGear, which sells mobile applications, has raised $12.5 million in new venture backing, according to a regulatory filing.

Founded in 2008 by CEO Jud Bowman, also a founder and former executive with Motricity, PocketGear is backed by Noro-Moseley Partners of Atlanta and Charlotte/Triangle-based Wakefield Group.

PocketGear recently acquired Texas-based Handango.

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

The company says it is the world’s largest cross platform, open app store and content marketplace with a catalog of more than 140,000 paid and free titles available for discovery and download. To date PocketGear has generated over $400 million in mobile content revenues for the more than 32,000 developers in the PocketGear Developer Program.

CEO Bowman has been named as one of the world’s “Top 100 Young Innovators” by MIT’s Technology Review and one of “Tech’s Best Young Entrepreneurs” by BusinessWeek in 2007. He was also recognized as a winner of the Carolinas’ Ernst & Young “Entrepreneur of the Year” award in 2001.

He co-founded Motricity back in 1999 when he was a recent graduate of the North Carolina School of Science and Mathematics. Currently on leave from Stanford University, where he was named a President’s Scholar, he speaks often at a variety of conferences and is well known in the Research Triangle.

We’ve seen him at many events over the years and watched as he developed both of his companies into powerhouse players in the mobile space, although Motricity’s recent IPO did not do as well as the company had hoped.

PharPoint expanding in Wilmington, adding jobs

Friday, June 25th, 2010

PharPointWILMINGTON, NC–PharPoint Research Inc., a drug development service company providing biostatistics and data management services to the pharmaceutical and biotechnology industries,  recently leased additional space near the current Wilmington, NC office, allowing for expansion as the business continues to grow.

The new office is approximately 4500 square feet which is triple the size of the current Wilmington office. PharPoint plans to utilize the additional space to increase headcount in its biostatistics department. Employees will begin moving into the new office in July.

PharPoint Research is a niche pharmaceutical development service provider specializing in data management and biostatistics. It’s headquartered in Chapel Hill, NC.