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Privaris raises $2.9M for biometric keychain security devices

Wednesday, February 23rd, 2011

PrivarisRALEIGH, NC – Privaris Inc., a company that sells which makes biometric ID products, has raised $2.96 million in debt, according to a regulatory filing. The company raised $2.67 million in debt in June, $2 million in November 2009, and a $15.7 million A round in 2005.

The company’s 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.

In the filing with the US Securities and Exchange Commission disclosing the financing, principals cited include: Brian Carney and Wayne Hunter, Richmond-based Harbert Venture Partners and Edward McCarthy of Raleigh-based River Cities Capital Funds.

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.

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Enviva building biomass plant in North Carolina, creating 53 jobs

Tuesday, December 21st, 2010

EnvivaRICHMOND, VA – Enviva, a  manufacturer of processed biomass fuel in the United States and Europe, today announced plans to build a wood-pellet manufacturing facility in Ahoskie, North Carolina. The project will bring 53 jobs to the area and make Enviva the dominant biomass supplier in the mid-Atlantic region.

The new plant, to be built at the site of the former Georgia Pacific lumber facility site in Hertford County, will produce 330,000 tons of wood pellets annually from more than 600,000 tons of raw wood supplies. Committed to using the best practices in sustainable harvesting, Enviva will source locally all raw materials used in producing the high-quality pellets.

The region’s abundant resources, proximity to ports, and wealth of skilled labor have made it a focus of Enviva’s plans for future growth. Based on increasing demand from its domestic and European customer base, Enviva is contemplating the development of at least two additional manufacturing plants in the area, with site selection expected to be completed within 18 to 24 months.

The support of state and local governments was also a key factor, Keppler noted. “North Carolina has become a leader in encouraging the development of renewable energy alternatives, and Enviva is thrilled to be a partner in that initiative,” Keppler said. The new plant received grant support from the state’s One North Carolina Fund, which has invested in projects creating more than 45,000 jobs since 2001.

Virginia’s New Dominion Angels close $345K NDA Fund V

Tuesday, November 16th, 2010

NDA

New Domininon Angels logo

WARRENTON, VA – Virginia angel investor network New Dominion Angels has closed on $345,000 for its NDA Fund V, according to a regulatory filing.

New Dominion has funded startups such as, MSBX, OhMyGov Inc., and ROI2. It has about 37 members in Northern Virginia and Richmond.

C0-founder Mike McGinley, co-director of the Georgetown University Leadership Coaching Program, is the managing partner.

The group is active in other regional investor organizations, including, Dominion Resources, GreenTech Incubator, Richmond Venture Forum, Innovation Challenge, Angel Capital Association, Angelsoft and Charlottesville Venture Capital Association.

PAETEC acquiring Virginia’s Cavalier Telephone for $460M

Monday, September 13th, 2010

PaetecFAIRPORT, N.Y. & RICHMOND, VA–PAETEC Holding Corp. (NASDAQ GS: PAET)has signed a definitive merger agreement to acquire Cavalier Telephone Corporation in an all-cash $460 million transaction.

Virginia-based Cavalier is a privately held company whose majority owner is M/C Venture Partners, a private equity firm based in Boston. The acquisition will add nearly 17,000 fiber-route miles to PAETEC’s existing service footprint, allowing the company to offer an alternative for last-mile connectivity to customers and reduce overall expenses through improved cost-structures and network grooming.

Cavalier’s wholly owned subsidiary, Intellifiber Networks, is one of the largest network providers in the nation with a high capacity fiber network spanning nearly 17,000 route miles and representing over $2 billion of investment. The expansive 12,262 route mile intercity network spans the Midwest and Eastern U.S.

“This is a major milestone in the Cavalier story. Our future has never looked brighter,” said Danny Bottoms, president & CEO of Cavalier. “This transaction will soon enable us to take advantage of a combined network and resources that are unmatched in the industry, and build upon a common culture that is singularly focused on the customer.”

Private equity firm, management acquire majority stake in Peak 10

Thursday, September 2nd, 2010

Peak 10CHARLOTTE, NC – Welsh Carson, Anderson & Stowe, a private equity firm, and Peak 10′s executive management have acquired a majority stake in the company. Financial details were not disclosed.

Selling shareholders include majority owner Seaport Capital, a New York-based private equity firm and McCarthy Capital, an Omaha, Neb.-based private equity fund.

Peak 10’s existing management team, led by Co-Founder, President and CEO David Jones will continue to operate the business.

Jones said,  “Our partnership with Welsh Carson enables Peak 10 to continue increasing the scale of our business to meet the high demand for data center infrastructure and related managed services. Our strategic focus remains intact but our resources now position us to more rapidly extend our geographic footprint, strengthen our team and further accelerate our managed services and cloud offerings.”

Peak 10 has managed a path of steady and consistent growth achieved through expansion in the greenfield markets of Jacksonville, FL.; Charlotte, NC.; Tampa, FL. and Raleigh, NC, and through acquisitions of established data center companies in Louisville, KY; Nashville, TN.; Richmond, VA and, most recently, Fort Lauderdale, FL.

In 2007 and early 2008, Peak 10 opened greenfield data centers in Atlanta, Ga. and Cincinnati, Ohio respectively. Over the last two years Peak 10 has completed construction of additional facilities in five of its markets to meet customer growth and demand.

The transaction is expected to close in early October.

Many miss big web design opportunity

Tuesday, August 24th, 2010

By Allan Maurer

Kelley McDonaldMCLEAN, VA – If you spend much of your time, effort and money working on your web site’s landing page, you’re probably missing a major opportunity to capture more attention from your visitors. So says Kelley McDonald, director of Information Architecture with Navigation Arts, a McLean, VA-based web design and development company.

“Most traffic goes to content pages within your site,” McDonald tells us. “Only 15 percent goes to the landing page.” Nevertheless, it can be difficult to get clients to listen when he tells them that, McDonald admits.

“Three quarters of the doors through which people come into your site are content pages. You’re missing a big opportunity by not thinking about how to serve people where they are actually landing,” he says. “Think of Google as your homepage. People experience you through your content pages and they don’t march through your site as if they’re in a house.”

If our own analytics are any guide, McDonald is right on with his. Half our traffic comes from search engines and almost all goes to content pages rather than our landing page.

Design from the inside out

How do you take advantage of knowing people arrive at content pages rather than a landing page?

“Design from the inside out,” says McDonald. “Ask yourself how you can build on the question that brought them to the content? It’s important to have highly relevant links to other content that builds on the user’s question.”

That doesn’t mean services that automatically provide links to somewhat relevant content, he adds.

He also recommends avoiding “happy talk.” It’s all the “Hi, welcome to our site, we’re here to server your needs,” type of copy so prevalent on business sites. “It’s a highly ignorable block of text that people quickly gloss over,” says McDonald.

More technically, he also suggests separating content from its display, creating relationships between objects and systematically relating pages.

It’s not magic

There will always be a large percentage of users who come to a site for one item and leave, he notes. “We don’t think you’ll ever catch more than 35 percent (to click on other content).” But the idea is to “Move the dial closer to what you want.”

“The key thing is relevancy. It’s more about the content than technique.” Eye-tracking studies show where people look and where they don’t, but “It all comes down to content people need or want and what’s relevant to them,” McDonald says. “It’s about taking that extra step to connect things. I don’t think it’s magic.”

Treat ads as content

The same concept works regarding advertising on the web, he says. “Advertising online is in many ways a blind spot for people. Studies show people avoid it if it looks the least bit like advertising. Eye-tracking shows them avoiding ad spaces.”

Making ads more relevant and more digital increases the chances that people will engage with the ad,” he points out.

“It’s about personalization and localization,” he adds. “If you can serve up ads related to the user and what his questions are (that brought him to the content), and if  they’re treated and shaped more like content, they work better. If they’re shaped like print ads, no amount of trickery will work.”

“The user experience is the bread and butter of what we do at Navigation Arts,” McDonald says. The 70-employee company includes 19 information architects.

McDonald is one of more than 50 Internet and digital media experts who will converge on Tysons Corner, VA, Oct. 18 for the first Digital East event.

Diversified DC market good to the company

McDonald tells us the Navigation Arts founders, who ran and sold Bethesda-based Iconics during the dot com boom era, wanted to “Give it another go and focus on quality.”

They filed their company papers the day before Sept. 11, 2001 at the Watergate Hotel, but despite those inauspicious beginnings, established a solid reputation in the Mid Atlantic region, Houston, and upper MidWest.

“The DC market has been good to be in for user experience,” says McDonald. “There are so many different kinds of organizations here. It’s the capital of non-profits, there’s the federal government, telecom startups, and different startups in Northern Virginia.”

That multi-faceted DC economy means that during the downturn, Navigation Arts business “Didn’t skip a beat, we had irons in the fire with so many different buyers, all focused on the user experience.”

Designed city portals

While the company doesn’t pretend to be a large government IT integrator, it does find projects where it can have a big impact, McDonald says. “We look for projects such in e-government, anything that is citizen-facing.”

It’s been working on a major project, not yet live, for the State Department consulates to streamline its processes to make finding information on Visas, passports and fraud much easier and faster, for instance.

It also redesigned the Charlotte Observer’s Charlotte.com site to make it more focused on social media, and a city portal site for Richmond, VA.

“Both have done well and we created each in two months from inception to launch,” McDonald says.

The Navigation Arts site follows the company’s own advice. It is user friendly and offers lots of short videos, including several by McDonald, on improving user experience and other topics.

NTP sues Apple, Google, Microsoft, Motorola, over patents

Friday, July 9th, 2010

NLP says it invented wireless email

RICHMOND, VA – NTP INC., a patent holding company which says it is the inventor of wireless email, has filed lawsuits against Apple, Inc., Google Inc., HTC Corp., LG Electronics Inc., Microsoft Corporation, and Motorola, Inc. in the United States District Court for the Eastern District of Virginia for infringing NTP’s eight patents related to the delivery of electronic mail over wireless communications systems.

In 2006, NLP won $612 million from Blackberry maker RIM for patent infringement.

Donald E. Stout, NTP’s co-founder, said, “Use of NTP’s intellectual property without a license is just plain unfair to NTP and its licensees.

The late Thomas Campana, an inventor who died in 2004, and Stout, an attorney, created NTP. Campana worked on wireless technology in the 1990s but did not commercialize it.

Following the RIM settlement, the U.S. Patent and Trademark Office reexamined NLP’s patents and threw out several, but upheld three of ten claims against RIM.

NLP says it has filed an appeal to the U.S. Court of Appeals for the Federal Circuit to overturn the USPTO’s remaining rejections of NTP’s patent claims.

In 2006 and 2007, NLP sued AT&T INc., Deutsche Telekom AG’s T-Mobile USA, Sprint Nextel Corp. and VErizon Wireless and Palm Inc. claiming infringement of the same patents. Those suits have not been settled nor brought to trial.

For background on NLP and the suits see: NLP at Wikipedia

MeadWestVaco moving innovation center from Raleigh to Richmond

Tuesday, May 25th, 2010

meadwestvaccoRALEIGH, NC – MeadWestVaco (NYSE:MWV) says it will move its Packaging Innovation Center from the Centennial Campus at North Carolina State University in Raleigh to Richmond this summer.

The Richmond-based company will invest $10 million in its new center in Virginia, creating about 128 jobs, according to various reports.

The company employs about 140 people at the Raleigh operation.

Cupron recaps, creates Cupron Medical

Wednesday, February 24th, 2010

Cupron logoRICHMOND, VA – Investors say they have completed a recap and management restructuring of Cupron Inc., an Iraeli-based company, and also created a new entity, Cupron Medical Inc., headquartered in Richmond.

The investors, who include Virginia Life Sciences Investment, say the recap is “significant,” although they did not disclose the amount.

Cupron’s proprietary technology permanently integrates cuprous oxide particles in textile fibers, non-woven fabrics, paper, latex and other polymeric products. The technology can also be utilized in cosmetics, creams and other suspensions.

The cuprous oxide technology is very long lasting and can be applied to a broad range of consumer, industrial, military, and healthcare applications. In addition to exhibiting the antimicrobial efficacy and therapeutic benefits

The transaction also resulted in the formation of a new executive leadership team. Key members of this new team include Paul Rocheleau, a seasoned executive in technology development, global materials business leadership, and venture management, who has been appointed to the dual roles of Chairman of the Board for Cupron Inc. and Chief Executive Officer of Cupron Medical Inc.

The proceeds from the transaction are being used to expand new product development and the clinical trial program, gain additional regulatory approvals, and significantly strengthen and expand the global management and sales teams to support a higher level of commercialization activity.