Regional News
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- Former Southeast Interactive Principal Joins IBM
- State Treasurer Richard Moore Visits CED To Talk About New Investment Authority
- HowStuffWorks and Trainersoft Corporation Form Strategic Partnership
- Gartner Group Ranks Relativity Technologies as the Leader in 2 Magic Quadrants
- Paradigm Genetics and Lion Bioscience Expand Strategic Alliance
- Amphora Establishes Corporate Headquarters In Research Triangle Park
- Springboard Makes $2.52 M Deal with FortuneCity.com
Former Southeast Interactive Principal Joins IBM
Ruth Taylor, a former principal of RTP's Southeast Interactive Technology Fund, has joined IBM's life sciences group. The life sciences group will invest in venture funds that are focused on bioinformatics. www.ibm.com
State Treasurer Richard Moore Visits CED To Talk About New Investment Authority
North Carolina State Treasurer Richard Moore spoke to a group of 35 venture capitalists and senior executives of entrepreneurial companies last week about the state's new investment authority, which allows up to five percent of pension fund money to be invested in such investments as venture capital, commodities or high-risk bonds. CED and NCBIO hosted the event to give leaders in the entrepreneurial and venture communities the opportunity to hear Treasurer Moore discuss the legislation recently passed by the North Carolina General Assembly that significantly changes the State Treasurer's investment authority, as well as other key state budget issues. www.treasurer.state.nc.us
HowStuffWorks and Trainersoft Corporation Form Strategic Partnership
Cary-based Internet media company, HowStuffWorks, and Trainersoft Corporation, an e-software solutions leader for easy-to-use authoring and LMS tools, have announced a strategic partnership. The combination of HowStuffWorks' knowing how-anything-works content with Trainersoft's e-learning software solutions, will foster an interesting Web site to satisfy curiosity about how "stuff" really works. www.howstuffworks.com
Gartner Group Ranks Relativity Technologies as the Leader in 2 Magic Quadrants
Cary-based Relativity Technologies was recently ranked by Gartner Group as the only leader in their Legacy Transformation "Magic Quadrant." The legacy modernization company was also ranked as the leader in the Legacy Understanding space. Relativity's customers include the U.S. Air Force, Charles Schwab, National City Corp., and Owens & Minor. www.relativity.com
Paradigm Genetics and Lion Bioscience Expand Strategic Alliance
Paradigm Genetics, Inc. (Nasdaq: PDGM) and LION bioscience AG (Nasdaq: LEON, Neuer Markt: 504 350, LIO) announced that they have expanded their five-year strategic alliance. The alliance was first initiated in January 2000, to co-develop and co-market MetaTraceTM, a metabolic profiling database. Under the terms of the expanded agreement, biochemical data will be added to the MetaTraceTM database enabling pharmaceutical research and discovery based on metabolic information. Financial terms have not been disclosed. www.paragen.com
Amphora Establishes Corporate Headquarters In Research Triangle Park
Amphora Discovery Corporation, a newly created chemical genomics company, has signed an agreement with Alexandria Real Estate Equities to lease 25,000 square feet in the Alexandria Technology Center at 800 Capitola Drive, Research Triangle Park. This location will serve as Amphora's Corporate Headquarters. Amphora plans to hire as many as 100 employees over the next 18 months, chiefly in the areas of biological sciences, engineering, and information technology.
Springboard Makes $2.52 M Deal with FortuneCity.com
Cary-based Springboard Managed Hosting has been awarded a three-year, $2.52 million contract to provide Web hosting for New York-based FortuneCity.com, says Springboard Chief Executive Officer Rich Lee. The agreement will bring Springboard to a cash positive position, according to the company. It also will result in the hiring of about 12 more IT employees in the next three months, says Springboard President Chris Hanks. www.springboardhosting.com
Events Update
- November 12th —
Biotechnology Roundtable - The New Wave in
Strategic Alliances
- November 14th —
Infotech Roundtable: Creating and Maintaining
Strong Investor Relationships - Lessons Learned
from the Good Times and the Bad Times
- November 14th —
CED Capital Connection Information
Session
- November 16th —
Triangle Venture Breakfast Series - Relationship
between Management and Funding