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Updated: 9 hours 18 min ago

Perspecta notches big defense gains in first quarter

Thu, 08/15/2019 - 8:17pm
The Chantilly-based company posted $1.1 billion in revenue for the quarter, backed by mostly new contract business in background investigations, plus defense and intelligence community contracting.

Amazon confirms plans to open a '4-star' store in the Boston area

Thu, 08/15/2019 - 7:19pm
Amazon confirmed the company is hiring for a new 4-star location in the Boston area after the Business Journal reported on job postings for Amazon 4-star positions in Natick, Massachusetts.

Portland's Sensu doesn't want a fancy office. It doesn't want an office at all

Thu, 08/15/2019 - 6:42pm
The Portland software maker intends to keep its distributed team model as long as it can.

Ex-Oracle CFO plans to shop for a tech company with $316M 'blank check' IPO

Thu, 08/15/2019 - 5:57pm
Former Oracle Corp. Chief Financial Officer Jeff Epstein and former Goldman Sachs partner Brad Koenig filed plans to raise up to $316 million in a” blank check” IPO aimed at taking a tech company public. Their Burlingame-based company, Apex Technology Acquisition Corp., hopes to sell 27.5 million shares of stock at $10 each and has set aside more than 4 million more shares for underwriters to purchase. “While the business press highlights large ‘unicorns’ — private companies valued…

Ex-Oracle CFO plans to shop for a tech company with $316M 'blank check' IPO

Thu, 08/15/2019 - 5:52pm
Former Oracle Corp. Chief Financial Officer Jeff Epstein and former Goldman Sachs partner Brad Koenig filed plans to raise up to $316 million in a” blank check” IPO aimed at taking a tech company public. Their Burlingame-based company, Apex Technology Acquisition Corp., hopes to sell 27.5 million shares of stock at $10 each and has set aside more than 4 million more shares for underwriters to purchase. “While the business press highlights large ‘unicorns’ — private companies valued…

Incoming UW engineering dean to enhance interdisciplinary education

Thu, 08/15/2019 - 5:48pm
Dean looks to expand partnerships and make a UW engineering education more widely available.

Scottsdale software firm secures $200M PE investment

Thu, 08/15/2019 - 5:34pm
Indecomm Digital Services Inc., a Scottsdale-based software firm, has announced a $200 million investment from a global private equity firm. The investment is from New York-based Warburg Pincus, which bought out Indecomm Digital's former investors that were led by Capital Square Partners in Singapore. Venu Raghavan, co-founder and CEO of Indecomm Digital, said Warburg Pincus is an “ideal partner” for the company because of its successful track record of backing management teams in growing businesses…

Frozen assets: How a startup wants to cryobank your cells to fight cancer in the future

Thu, 08/15/2019 - 5:27pm
The Florida startup has Bay Area investors and is aiming straight at people willing to pay thousands of dollars to beat cancer in the future.

CEO: Aerohive acquisition will launch Extreme Networks into cloud networking

Thu, 08/15/2019 - 5:25pm
Cloud networking is the fastest-growing segment in the wireless industry, Extreme CEO Ed Meyercord told the Business Journal on Wednesday, and the San Jose company didn’t have the technology to keep pace before it acquired Aerohive.

This San Francisco tech unicorn just filed for an IPO

Thu, 08/15/2019 - 4:55pm
Cloudflare filed for an initial public offering Thursday, becoming the latest enterprise software company to make a run for the public markets. The San Francisco company, which speeds up the delivery of its customers’ web pages and aims to secure websites from cyberattacks, expects to trade on the New York Stock Exchange under the ticker symbol “NET.” It listed a placeholder value of $100 million, though the amount raised will likely be much higher. Cloudfare's filing with the Securities…

Google Cloud continues market share battle with changes in pay structure

Thu, 08/15/2019 - 10:24am
Google Cloud continues to play catch-up in the cloud market, this time by revamping the pay structure of its sales team. Business Insider reports that a new, bonus-driven compensation plan took hold on July 1, with reductions in the base salary of Google Cloud’s salespeople, coupled with increases in quarterly bonuses for hitting sales targets — similar to how companies like SAP and Oracle pay their salespeople. The resemblance is likely not a coincidence, according to Business Insider, given…

Commerce secretary: NC will stay 'busy' with economic development through 2019

Thu, 08/15/2019 - 10:19am
Expect more jobs and more investment in the Tar Heel State – at least if the state’s top economic development recruiter has anything to say about it.

Google Cloud continues market share battle via changes in sales team's pay

Thu, 08/15/2019 - 10:16am
Google Cloud continues to play catch-up in the cloud market, this time by revamping the pay structure of its sales team. Business Insider reports that a new, bonus-driven compensation plan took hold on July 1, with reductions in the base salary of Google Cloud’s salespeople, coupled with increases in quarterly bonuses for hitting sales targets — similar to how companies like SAP and Oracle pay their salespeople. The resemblance is likely not a coincidence, according to Business Insider, given…

UPS invests in autonomous trucking company, tests self-driving tractors

Thu, 08/15/2019 - 10:10am
UPS is taking a step into the self-driving vehicles world, saying Thursday it's venture capital arm, UPS Ventures, made a minority investment in autonomous driving company TuSimple. United Parcel Service Inc. (NYSE: UPS) said both companies are testing self-driving tractor trailers on a route between Phoenix and Tucson, Arizona to determine whether the vehicles can improve service and efficiency in the UPS network. This is an extension of the ongoing commercial relationship between the companies…

Job postings hint at Mass. location for Amazon 4-star store

Thu, 08/15/2019 - 10:00am
As Amazon opens a new physical retail store in Seattle, job postings on the company's career website hint at the next location for a 4-star store.

San Francisco's tech sector sparks an industrial resurgence

Thu, 08/15/2019 - 9:41am
A new age of industry is upon the city with tech manufacturing leading the charge.

Reddit grows Chicago presence with move to the Merchandise Mart

Thu, 08/15/2019 - 9:17am
Reddit, the popular social networking company that first opened up shop in Chicago in April 2018, is expanding its Windy City presence with an office in the Merchandise Mart. Reddit announced Thursday that it’s opening a dedicated office in the Merch Mart, sharing space with its parent company Condé Nast. The space will be able to hold around 25 Chicago Redditors and will serve as a hub for its Midwest business. Reddit currently has 15 Chicago employees, up from a handful of sales folks the…

All the Chicago businesses on the 2019 Inc. 500 fastest-growing companies list

Thu, 08/15/2019 - 9:15am
Every year Inc. Magazine publishes its Inc. 500 and Inc. 5000 lists of the fastest-growing private companies in the U.S. (based on percentage revenue growth from 2015 to 2018). And this year many local businesses cracked the list, including several companies that are familiar to Chicago’s tech community. The top Chicago company was Chomps, a maker of grass-fed meat sticks. It did $21 million in revenue last year, up almost 4,500 percent over the last three years. It ranked No. 62 on the list. GForce…

A brother’s illness led her to the U.S.; now, she's helping AT&T reach health care

Thu, 08/15/2019 - 9:04am
In a time of transition amid new technology options for the health care industry, AT&T's Maria Lansing is helping the company's customers navigate changes that could shake up how care is delivered.

This apparel company has an app to end the pain of sizing clothing

Thu, 08/15/2019 - 8:51am
Rebel Athletic is a finalist in the Technology Adopter category for the 2019 Tech Titan awards. Category winners will be announced at an awards event on Friday, Aug. 23. For more information about the awards event, click here. Rebel Athletic is revolutionizing the dance and cheerleading apparel industry with Fit Freedom, a body measurement platform powered by augmented reality and machine learning. The technology is designed to rid the apparel industry of its biggest nightmare: size-related returns.…

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