Regional News

Don't miss our other news sources!

Electrifier Network Takes Best of Show Award


Electrifier(R) Network, a free service that allows people to communicate online with the expressive power of television, took Best of Show at Upside's LAUNCH! Event in San Francisco. The Electrifier Network took off in October 1999 as a product of Research Triangle-based Electrifer, Inc. A preview of the Electrifier Network is now live at www.electrifier.com. Electrifier is a graduate of FastTrac Tech and was a presenter at Venture '99. Electrifier will demo their products at InfoTech '99 October 27.

[return to top of EntreNews]

New DELTA Program Offers Management Training for Techies


Scientists and engineers, of course, have technological talents, but they often lack the "people" managerial training to create a successful business environment. DELTA (Duke Executive Leadership Training Academy) is offering a new program to address this gap through the creation of Duke Certificate in Management Development for Scientists and Engineers. The program hopes to enhance scientists and engineers' communication and coaching skills and give them a strong sense of their abilities to lead and manage others. The program is offered in two models - it can be custom-designed for organizations or individuals may participate independently. To learn more about the program, visit http://www.learnmore.duke.edu/DELTA/.

The Advisory Board for the Duke Certificate in Management Development for Scientists and Engineers program includes:
Richard Crume, Environmental Protection Agency, Research Triangle Park
Monica Doss, Executive Director, Council for Entrepreneurial Development, Research Triangle Park
Tom Gambill, Associate Vice Chancellor, Duke Health System, Duke University
Dennis Mitchell, Executive Director, Air and Waste Management Association, Pittsburgh, PA
George Pearsall, Professor, School of Engineering, Professor, Public Policy Studies, Duke University
Max Wallace, President and CEO, Cogent Neuroscience, Durham

[return to top of EntreNews]

Denver-based INFLOW Opens 15,000 Sq, Ft, Triangle Facility


INFLOW opened a secure network access center in Raleigh/Durham, which makes the Triangle the second geographic market for its national expansion. The Denver-based company hopes to distribute its outsourced system and network management services to the Triangle from its new facility designed to serve the Triangle's rapidly booming e-commerce and technology companies.

[return to top of EntreNews]

Level 3 Could Shake Up Triangle's Telecom Industry


Colorado-based Level 3 Communications may stretch its network to the Triangle soon. The company announced last month it is building a telecommunications center in Charlotte, and Raleigh may not be far behind. Level 3's move would drive up the competition among itself and local telecommunications companies like BTI and BellSouth. Level 3 has been attracting attention for its global construction program and ability to raise money. For more information about Level 3, read The News & Observer's article.

[return to top of EntreNews]

Technauts Gets $7.5 Million in Second-Round Financing


Technauts Inc. recently closed on $7.5 million in second-round financing led by Technological Associates Management Co., River Cities Capital Fund and investors from Taiwan. It is the first Triangle investment for TAMC, based in Richardson, Texas. Morrisville-based Technauts makes plug and play servers with bundled software that handle Internet chores from e-mail to web design for most small businesses. Technauts, a Venture '99 presenter, currently employees 30 people and plans to hire 20 more by year's end.

[return to top of EntreNews]

LastAvailable.com Secures $1 Million in Funding


LastAvailable.com secured $1 million in first round financing from private investors in Atlanta, Charlotte and Chicago, to launch its Web site to auction unsold travel and entertainment inventory ranging from hotel rooms and rental cars to sports and concert tickets. Gerald Whicker, chief financial officer of LastAvailable.com, said the company is in discussions with investors on a $5 million second round financing. Click here to read dbusiness.com's article about LastAvailable.com.

[return to top of EntreNews]

mortgage.com Buys Three Subsidaries of CSC Holdings


Mortgage.com recently bought three subsidiaries of North Carolina-based CSC Holdings. Terms of the agreement were not disclosed. Based in Plantation, Fla., mortgage.com is working to expand its business-to-business reach over the Internet.

[return to top of EntreNews]

Plans in the Works for Woman-Run, Woman-Focused Venture Capital Firm


Susan Strommer, a Winston-Salem lawyer on leave of absence from Womble Carlyle law firm, and her childhood friend, Stephanie Loiaconon, are partnering on a new venture capital fund, which would focus on companies that provide products or services for women or on companies that are operated by women. According to Dale Gibson's NCInc, the pair are in the process of raising $10 million from individual investors and banks and hope to garner more from the Small Business Administration. The fund would be based in Portland, ME, but will focus on investments in New England and North Carolina companies.

[return to top of EntreNews]

Events Update




October 18th — Biotechnology Roundtable: Building Management Teams That Last

October 22nd — Licensing Executives Society

October 27th — InfoTech '99

October 28th — NCCU Golf

November 2nd — CED Information Session for Prospective Members

[return to top of EntreNews]