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Ziptronix Closes $2.3 Million in Funding
Ziptronix Inc. (www.ziptronix.com), a Triangle company that has developed a 3D method for stacking and bonding semiconductor chips, has raised $2.3 million in new funding from undisclosed investors. Founded in 2000 as a spin-off from RTI International, the company raised about $36 million from investors last year.

Ziptronix Inc. is a CED member.

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Affinergy Awarded $3 Million in Federal Grants
Durham biotechnology startup Affinergy (www.affinergy.com), developer of coatings to improve the performance of medical devices such as catheters and hip joints, received $3 million in federal Small Business Innovation Research grants. The funding includes a Phase 2 grant for $2.05 million and four Phase 1 grants totaling more than $1 million.

Affinergy is a CED member

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Horticultural Asset Management Lands $3.2 Million B Round
Horticultural Asset Management Inc. (www.moneygrowsontrees.com), a Cary-based company that estimates landscaping values primarily for the insurance and real estate industries, raised $3.2 million in Series B financing. The funds will be used to expand commercial activity and promote products that provide valuations, inspections and remedial services for trees and shrubs.

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Phase Bioscience Secures $1 Million Loan, Expands Headquarters
Phase Bioscience Inc. (www.phasebio.com), a Durham-based biotechnology company, closed a $1-million secured equipment loan with Silicon Valley Bank and is moving to larger headquarters and laboratory facilities in Morrisville.

Phase Bioscience is a CED member.

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Red Hat Buys Amentra
Raleigh-based Red Hat (www.redhat.com), a Linux and open source technology provider, acquired Virginia-based Amentra, a provider of systems integration services. The acquisition expands Red Hat’s JBoss middleware business. Amentra (www.amentra.com) employs 140 people and will operate as an independent Red Hat company.  Financial terms were not disclosed.

Red Hat is a CED member.

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Metabolon Partners with European Group
RTP based Metabolon, Inc. is partnering with the European Group for the Study of Insulin Resistance (EGIR) to accelerate pre-diabetes diagnosis development.  The collaboration with EGIR will help Metabolon accelerate the development of Quantose™ IR, its diagnostic test for better screening of pre-diabetic patients.

Metabalon Inc. is a CED member.

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Misys Healthcare Merging with Allscripts in $330 Million Deal
Misys Healthcare (www.misyshealthcare.com), healthcare records software company that employs about 700 people in Raleigh, will merge with Chicago-based Allscripts in a deal valued at $330 million. Misys Healthcare is the U.S. arm of UK-based Misys PLC.

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BD Plans $134 Million Expansion
BD, (www.bd.com) — formerly known as Becton, Dickinson and Co.— a medical technology company in New Jersey, expand three Durham N.C. operations and plans to build a new plant in Wilson. The company will invest $134.7 million over the next five years and could qualify for $4 million in state tax rebates. BD will add 274 people to its North Carolina payroll.

BD is a CED member.

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Healthcare Engineering Alliance Formed
N.C. State’s Department of Industrial and Systems Engineering (www.ise.ncsu.edu) announced the Healthcare Engineering Alliance (HEA) among N.C. State, N.C. A&T State University, Purdue University, University of Arkansas and the University of South Florida. HEA will facilitate communications among healthcare engineering research programs to bring about transformational improvement.

N.C. State University is a CED member.

Events Update

5/15 Information Session for Prospective Members
5/19-20 CED's Biotech 2008 Conference
5/22 Breakfast In The Park
5/27 Entrepreneurs Only Workshop: Board Creation and Board Advisors
5/29 CED New Member Orientation
6/4 MedTech Forum: New Opportunities: Microsystems and Nanotechnology in Medical Devices, Diagnostic Equipment and Delivery of Therapeutics
6/5 CED's 2008 Entrepreneurial Excellence Awards

What Members are Saying

"CED is a premiere catalyst for networking and access. CED offers one of the best available common grounds for bringing entrepreneurs of all backgrounds together." - Clay Dunnagan, VP of Business Development, Vital Source Technologies (also a FastTrac Tech instructor)