Category: News

  • How Happy Is Your Organization?

    Today, March 20, 2013, marks the first ever International Day of Happiness. This was decreed last year by the United Nations following a meeting on well-being attended by government officials, economists, scholars, and business and spiritual leaders from around the world. It was hosted by Bhutan, a small but visionary country which famously uses Gross National Happiness (GNH) instead of Gross Domestic Product (GDP) to index its progress.

    The King of Bhutan, Jigme Khesar, has described GNH as “the bridge between the fundamental values of kindness, equality and humanity and the necessary pursuit of economic growth.” He’s talking, of course, about the well-documented connection between well-being and productivity — an interplay that should interest business leaders as much as it does political ones. As this issue of HBR makes clear, happy, engaged employees are good for the organization. Research shows they have better health, are more creative, produce better results, and are willing to go the extra mile. What’s more, happiness is contagious; it creates a virtuous spiral that leads to further engagement.

    So how can leaders create happier organizations?

    Perhaps the first step is to clarify what we mean by “happy”. Psychologists typically identify happiness by three distinct pathways. The first is the pleasant life, which involves positive experiences including contentment, hope, and sensory enjoyment. This kind of well-being is often referred to as hedonia, based on the Greek term for pleasure. The second is the engaged life, or eudaimonia. The ancient Greeks believed in a “daimon”, or guardian spirit, that would guide you toward your destiny; the word also means genius. The engaged life thus refers to a person’s ability to deploy his personal genius — to use his unique strengths and talents in a way that engages and absorbs him. The third pathway is the meaningful life, which relates to the desire to be part of something bigger than oneself — to belong and contribute to an institution that has purpose.

    All three of these pathways — pleasure, engagement, and meaning — are important. And business leaders can use this knowledge to ask some important questions about their organizations:

    • Do my employees enjoy their relationships and their environment at work?
    • Do they laugh?
    • Are my people in the right roles — ones that fit their skill sets and offer appropriate challenge?
    • Do they get to use their genius?
    • Do they understand the purpose of the organization?
    • Do they feel they’re a part of something that matters?

    On this first International Day of Happiness, it’s worth pausing to consider what contributes to happiness in your organization — your own happiness, as well as that of the people around you. I hope you will share what you discover.

  • SunGard Seeks to Make Business Continuity User-Friendly

    A close look at the customer cabinets inside SunGard Availability Services’ data center located at 1500 Spring Garden, Philadelphia, PA.

    A close look at the customer cabinets inside SunGard Availability Services’ data center located at 1500 Spring Garden, Philadelphia, PA.

    SunGard Availability Services believes business continuity services should be simpler for its customers to manage. This isn’t a hunch: SunGard engaged more than 100 customers every three weeks in its effort to design and develop a better way to deliver business continuity services.

    The result is SunGard Assurance(cm) a continuity management software as a service offering. The end result is a product that is more user friendly – “Facebook easy,” one might say. It also serves as a platform for  democratizing the entire process, allowing less technical stakeholders to provide valuable input.

    SunGard Assurance(cm) is a secure SaaS solution available anytime from any device, including mobile devices, with a service level agreement (SLA) guaranteeing 99.9 percent uptime. Its interface is simplified and designed to be accessible for even those who aren’t disaster recovery experts. The solution also incorporates dynamic plan templates that dramatically reduce the amount of data entry needed to create plans that meet the test of disasters. There’s also Integration with Configuration Management Databases (CMDBs) to provide a real-time view of data center infrastructure configuration.

    “This solution is designed for all people involved in business continuity planning and execution,” said  Louis Grosskopf, general manager, Business Continuity Software. for SunGard, who said there’s a good reason to involve more personel in the planning and execution. “There’s a common misperception that the team of business continuity (BC) planners are the only ones responsible for BC. However, these teams – usually five to 10 people depending on the size of an organization – must rely on others in their organization to understand and be prepared to act on their BC plan.

    “The ‘novice planners’ also called the ‘innocent bystanders,’ are the people that outnumber the BC plan team and usually have no disaster recovery (DR) experience,” Grosskopf added. “However, they’re expected to provide the information critical for recovery (e.g. the manager of accounts payable, or a bank branch manager; someone with no DR experience).”

    Business continuity assurance helps customers deliver on the core business benefits of disaster recovery and business continuity planning at the time of need:

    • Providing service to customers with less interruption
    • Safeguarding customers and employees before, during and after disaster scenarios
    • Protecting corporate reputation-Enhancing shareholder value

    Since the 1980s, business continuity management (BCM) has seen numerous shifts in regulatory pressure, and each issue forced customers to react swiftly, according to Grosskopf.

    “First it was data center recovery, then Y2K and next was terrorism,” he said. “The current issue disrupting BCM is state-sponsored cyber threats. As the world of business continuity stays focused on ever-increasing pressures from regulators, business leaders today demand broader participation in the planning process and increased confidence that today’s plans will lead to better outcomes. These changes in market dynamics are driving a need for a new business continuity approach.”

    The company gives the example of natural disasters like Superstorm Sandy and the business risks they pose to customers.

    “”The outcome we all seek is to keep the business running, our employees safe and our shareholders protected from risk,” said Grosskopf. “With higher engagement from the whole organization, assurance aids customers by increasing confidence at the time of need that the plan meets the test of disruption.”

  • Apple’s hire of prominent Adobe Flash defender draws rebukes

    Apple Adobe Executive
    It’s been nearly three years since Steve Jobs wrote his famous takedown of Adobe’s Flash platform as a battery-draining, Mac-crashing, insecure mess. Since that time, Jobs has largely been proven right since the mobile industry has moved on from Flash as a video platform in favor of HTML5, the open-source alternative that Jobs predicted would “win on mobile devices” going forward. All of this makes it somewhat surprising that Apple (AAPL) has decided to hire former Adobe CTO Kevin Lynch as a vice president of technology, especially because Lynch was one of Flash’s most prominent public defenders during Adobe’s spat with Jobs.

    Continue reading…

  • Meet OX Text, a collaborative, non-destructive alternative to Google Docs

    The German software-as-a-service firm Open-Xchange, which provides apps that telcos and other service providers can bundle with their connectivity or hosting products, is adding a cloud-based office productivity toolset called OX Documents to its OX App Suite lineup.

    Open-Xchange has around 70 million users through its contracts with roughly 80 providers such as 1&1 Internet and Strato. Its OX App Suite takes the form of a virtual desktop of sorts, that lets users centralize their email and file storage accounts and view all sorts of documents through a unified portal. However, as of an early April release it will also include OX Text, a non-destructive, collaborative document editor that rivals Google Docs, and that has an interesting heritage of its own.

    OX Text iPadThe team that created the HTML5- and JavaScript-based OX Text includes some of the core developers behind OpenOffice, the free alternative to Microsoft Office that passed from Sun Microsystems to Oracle before morphing into LibreOffice. The German developers we’re talking about hived off the project before LibreOffice happened, and ended up getting hired by Open-Xchange.

    “To them it was a once in a lifetime event, because we allowed them to start from scratch,” Open-Xchange CEO Rafael Laguna told me. “We said we wanted a fresh office productivity suite that runs inside the browser. In terms of the architecture and principles for the product, we wanted to make it fully round-trip capable, meaning whatever file format we run into needs to be retained.”

    This is an extremely handy formatting and version control feature. Changes made to a document in OX Text get pushed through to Open-Xchange’s backend, where a changelog is maintained. “Power” Word features such as Smart Art or Charts, which are not necessarily supported by other productivity suites, are replaced with placeholders during editing and are there, as before, when the edited document is eventually downloaded. As the OX Text blurb says, “OX Text never damages your valuable work even if it does not understand it”.

    “[This avoids] the big disadvantage of anything other than Microsoft Office,” Laguna said. “If you use OpenOffice with a .docx file, the whole document is converted, creating artefacts, then you convert it back. That’s one of the major reasons not everyone is using OpenOffice, and the same is true for Google Apps.”

    OX Text will be available as an extension to OX App Suite, which also includes calendaring and other productivity tools. However, it will also come out as a standalone product under both commercial licenses – effectively support-based subscriptions for Open-Xchange’s service provider customers – and open-source licenses, namely the GNU General Public License 2 and Creative Commons Attribution-NonCommercial-ShareAlike 2.5 License, which will allow free personal, non-commercial use.

    You can find a demo of App Suite, including the OX Text functionality, here, and there’s a video too:

    Related research and analysis from GigaOM Pro:
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  • Carl Marks Promotes Six

    Carl Marks Advisory Group has made six promotions. The business is a consulting and investment banking advisor to middle market companies.

    PRESS RELEASE

    Carl Marks Advisory Group LLC, a leading consulting and investment banking advisor to middle market companies, sees potential among its talent pool under 40 years of age. The firm announced today the following promotions:

    “We are delighted to see these team members continue to broaden their knowledge base and grow into expanded roles to support our client demands,” said Duff Meyercord, partner of New York-based Carl Marks Advisory Group, LLC.

    Bushnell, 38, specializes in providing analytical advisory services with regards to workouts, loan restructurings, bankruptcies, due diligence, evaluation, and exit strategies. His experience includes preparing financial projections, construction budgets, and cash-flow analysis for numerous real estate projects. He holds a BA from the College of the Holy Cross. Bushnell is a Licensed Real Estate Appraiser and is an active member of the Urban Land Institute and the Turnaround Management Association.

    Chabina, 30, specializes in investment banking and financial restructuring, primarily responsible for mergers and acquisitions, debt and equity capital raises, corporate finance and financial restructuring advisory services across a wide range of industries. Mr. Chabina graduated from Colgate University with a BA in Economics. He is registered with FINRA as a General Securities Representative and holds the Series 7 and Series 63 certifications. Mr. Chabina is on the Board of Directors of the Turnaround Management Association (NYC Chapter) and is the Chair of the NextGen Committee of the Turnaround Management Association (NYC Chapter).

    Roberts, 39, focuses on providing financial and operational restructuring advisory services including bankruptcies, financial restructurings, cash forecasting, and mergers and acquisitions. He is responsible for the firm’s business administration including legal documentation and engagement oversight. Mr. Roberts graduated with a BS in Finance and Management from Montclair State University and is registered with FINRA as a General Securities Representative and holds the Series 7 and 63 certifications.

    Killion, 29, specializes in financial restructuring and investment banking. He serves as an advisor to public and private corporations. His experience includes providing financial advisory and investment banking services across numerous industries, including manufacturing, retail, food service, consumer products, media, healthcare, transportation, and real estate. He holds a BS in Business Administration with a concentration in Accounting and Finance from Georgetown University.

    Endo, 27, specializes on investment banking and financial restructuring assignments with a focus on mergers and acquisitions, debt and equity capital raises, and corporate finance and financial restructuring advisory services. Mr. Endo graduated with a BS in Economics from Trinity College in Hartford, Connecticut. He is a member of the Turnaround Management Association and is registered with FINRA as a General Securities Representative and holds the Series 7, Series 79, and Series 63 certifications.

    McInerney, 25, focuses on various financial advisory assignments including mergers and acquisitions, debt and equity capital raises, and financial restructurings. Mr. McInerney graduated with a BS in Finance and International Business from New York University’s Leonard N. Stern School of Business, where he was a Dean’s Scholar, served on the Dean’s Honor Council, and was a member of the Stern Scholars Program. He is a member of the Turnaround Management Association and registered with FINRA as a General Securities Representative (Series 7, 63, and 79).

    About Carl Marks Advisory Group LLC and Carl Marks Securities LLC
    Carl Marks Advisory Group LLC, a New York-based consulting and investment banking advisory firm serving middle market companies, provides an array of financial and operational services including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management. The award-winning firm was the recipient of the 2012 M&A Advisor Sector Financing Deal of the Year (Real Estate); the 2011 M&A Advisor’s Debt Financing Deal of the Year; and the 2011 Turnaround Atlas Awards Chapter 11 Reorganization of the Year (Middle Market). Carl Marks has additional offices in Charlotte, NC.

    Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC.

    Media Contact:
    Phil Nourie
    Stanton Public Relations & Marketing
    (212) 922-1226
    [email protected]

    The post Carl Marks Promotes Six appeared first on peHUB.

  • BB&T Capital Backs Linden Capital’s Young Innovations Deal

    Young Innovations has been acquired by Linden Capital Partners. BB&T Capital Partners also invested equity to support the acquisition. Young Innovations is a developer, manufacturer, and marketer of consumable and diagnostic supplies and equipment for dental professionals and consumers.

    PRESS RELEASE

    Based in Earth City, Missouri, Young Innovations is a leading developer, manufacturer, and marketer of consumable and diagnostic supplies and equipment for dental professionals and consumers. The Company’s consumable products include preventative, infection control, micro-applicators, practice enhancement, and endodontic supplies, and its diagnostic equipment includes digital imaging, film X-ray systems, and related consumables. Young Innovations commands a leading position in the dental products market as a result of its excellent customer service and focus, high-quality preventative consumables product focus, and blue chip brand name recognition among its major dental brands.

    BB&T Capital Partners invested equity to support the acquisition of Young Innovations by Linden Capital Partners.

    About BB&T Capital Partners
    BB&T Capital Partners manages committed capital across three fund strategies, all of which are focused on the middle market. The firm makes direct equity investments in control transactions of privately-held companies; provides subordinated debt or mezzanine capital in support of transactions led by financial sponsors and others; and invests in other private equity funds. Since 1998, BBTCP has invested in over 45 privately-held, middle-market companies in a variety of industries, providing patient capital to facilitate buyout, acquisition, growth and recapitalization transactions. BBTCP’s investing strategy focuses on a partnership approach with management with a common goal of long-term value creation.
    For additional information on BBTCP, please visit our website at www.bbtcp.com or contact Brent Kulman at 336-733-0354 or [email protected].
    BB&T Capital Partners
    101 N. Cherry St.
    Suite 700
    Winston-Salem, NC 27101-4019

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  • Foundation Medical Partners Welcomes Morgenthaler’s Laufik as Partner and CFO

    Foundation Medical Partners has appointed Ted Laufik as a partner and CFO. Laufik joins Foundation’s team to manage investments in the connected health and healthcare IT sectors. Most recently, he served as partner and CFO at venture capital and private equity firm Morgenthaler.

    PRESS RELEASE

    Foundation Medical Partners, a national healthcare venture capital investment firm, today announced that Ted Laufik has joined the team as a Partner and CFO. Mr. Laufik joins Foundation’s team to manage investments in the connected health and healthcare IT sectors.
    Mr. Laufik has had a long and successful career in venture capital. Most recently, until 2011, he served as Partner and CFO at Morgenthaler, a national venture capital and private equity firm. He served as CFO since 1985 and Partner since 1995. During his tenure, Morgenthaler raised $3 billion in capital, made investments in over 300 companies, and managed a diverse portfolio from early stage IT and healthcare technology companies to middle market buyout businesses.

    “Ted brings significant depth and financial capability to Foundation,” said Lee Wrubel, Managing Partner of Foundation Medical Partners. “Ted has worked in the industry with top notch LPs, general partners, and entrepreneurs — and he brings that experience to our firm.”
    Mr. Laufik joins the investment team at Foundation Medical Partners that includes partners Andrew Firlik, Lee Wrubel, and Kevin Sharer. The firm actively manages over $200 million in venture capital targeted toward start-up and early-stage companies. Foundation has remained exclusively focused on the healthcare technology market since the firm was founded in 2001, with a current market capitalization of its healthcare investments totaling approximately $2.0 billion.
    About Foundation Medical Partners Foundation Medical Partners is a national venture capital investment firm formed in 2001 with the vision of bringing together cutting edge healthcare expertise with deep company building experience. Foundation specializes in early stage venture capital for healthcare technology companies. Foundation Medical Partners was an early, active venture investor in many companies that subsequently went public or were acquired in strategic transactions, such as AtriCure (NASDAQ: ATRC), CardioNet (NASDAQ: BEAT), Combinatorx (NASDAQ: ZLCS), Immunicon (NASDAQ: IMMC, later acquired by Johnson & Johnson), Northstar Neuroscience (NASDAQ: NSTR, later acquired by St. Jude Medical), and Visiogen (acquired by Abbott), as well as a portfolio of other market-leading privately held firms

    For press correspondence, please contact:
    ANDREW D. FIRLIK, MD
    Managing Partner
    Foundation Medical Partners
    105 Rowayton Avenue
    Rowayton, CT 06853
    telephone: 203.851.3913
    e-mail: [email protected]

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  • Reuters – Roche, KKR and Hellman & Friedman in Life Tech Auction

    Roche Holding AG and a buyout group comprising KKR & Co LP and Hellman & Friedman LLC have joined the bidding for Life Technologies Corp, a genetic testing company coveted for its advanced diagnostics and steady cash flow, writes Reuters. Roche’s interest in Life Tech, a biomedical laboratory equipment maker with an $11 billion market value, signals the Swiss drugmaker’s continued interest in gene sequencing a year after its $6.8 billion hostile offer for Illumina Inc failed over price.

    Reuters – Roche Holding AG and a buyout group comprising KKR & Co LP and Hellman & Friedman LLC have joined the bidding for Life Technologies Corp, a genetic testing company coveted for its advanced diagnostics and steady cash flow, according to people familiar with the matter.

    Roche’s interest in Life Tech, a biomedical laboratory equipment maker with an $11 billion market value, signals the Swiss drugmaker’s continued interest in gene sequencing a year after its $6.8 billion hostile offer for Illumina Inc failed over price.

    The potential bidders are joining what is turning out to be a competitive auction, as cheap financing and growing confidence in the U.S. economy prompt more companies and private equity firms to contemplate deals costing more than $10 billion.

    Thermo Fisher Scientific Inc, Danaher Corp and a buyout consortium of Blackstone Group LP, Carlyle Group LP, TPG Capital LP and Singapore’s state investor, Temasek Holdings, are among the parties weighing bids, Reuters previously reported.

    Healthcare companies have been attracted to Life Tech by the scale and synergies that a tie-up could bring while private equity firms have found the Carlsbad, California-based company’s reliable cash flow appealing, people familiar with the matter said.

    Bids are due in early April, said the people, who asked not to be named because details of the auction are not public.

    Life Tech shares, which were down 1 percent before the news, ended up 1 percent at $63.58 on Tuesday. They are up more than 30 percent since the start of the year on hopes that the company’s exploration of strategic alternatives will lead to a sale.

    Representatives for KKR, Hellman & Friedman and Life Tech declined to comment. Roche said it does not comment on market speculation.

    Analysts see a good fit between the laboratory equipment and scientific instrument businesses of Thermo Fisher and Life Technologies, with the exception of Life Tech’s genetic sequencing, which Thermo Fisher could choose to divest after a deal.

    Industrial and healthcare conglomerate Danaher, which has a life sciences and diagnostics division, agreed to buy Life Tech’s stake in a mass spectrometry joint venture with MDS Analytical Technologies for $450 million in cash in 2009.

    Private equity firms have tried to compete in the auction by teaming up, a move that helps them reduce the size of their individual equity commitment but does not improve their returns.

    The so-called club deals have become less popular in recent years over concerns about corporate governance in acquired companies and a backlash from some fund investors who see little point in having exposure to a company through more than one buyout fund.

    People close to the Life Tech sale process said buyout firms could struggle to achieve internal rates of return of 15 percent or more on the deal based on the leverage Life Technologies could take on to capture a sufficient portion of the financing market in a transaction.

    (Reporting by Soyoung Kim and Greg Roumeliotis in New York; Editing by Gerald E. McCormick, Matthew Lewis and Steve Orlofsky)

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  • Reuters – Judge OKs Hostess’s Twinkies, Ding Dongs sale

    Twinkies, Ding Dongs and Wonder Bread may soon be back in stores after a bankruptcy court judge on Tuesday approved sales of several iconic brands that had been owned by the failed Hostess Brands Inc, writes Reuters. Buyout firms Apollo Global Management and Metropoulos & Co teamed up for Hostess’s snack cake brands, paying $410 million for Twinkies, Ho Hos, Ding Dongs and Donnettes.

    Reuters – Twinkies, Ding Dongs and Wonder Bread may soon be back in stores after a bankruptcy court judge on Tuesday approved sales of several iconic brands that had been owned by the failed Hostess Brands Inc.

    Buyout firms Apollo Global Management and Metropoulos & Co teamed up for Hostess’s snack cake brands, paying $410 million for Twinkies, Ho Hos, Ding Dongs and Donnettes.

    Flowers Food Inc, which makes Tastykakes snacks, picked up most of Hostess’s bread business, including its Wonder and Nature’s Pride brands for $360 million. The No. 2 U.S. baking company also bought 20 bakeries and other operations.

    The Beefsteak brand of bread was sold for $31.9 million to Mexico’s Grupo Bimbo S.A.B. de C.V., the world’s largest bread maker. Bimbo already owns Entenmann’s cakes, Arnold bread and Thomas’ English Muffins.

    Hostess also said on Tuesday that United States Bakery had the winning bid in the March 15 auction for its remaining bread brands: Eddy’s, Standish Farms and Grandma Emilie’s. United States Bakery agreed to pay $30.9 million.

    Hostess filed for bankruptcy last year and gave up on its plans to emerge from bankruptcy in November, blaming a strike by its bakers union for its failure to emerge from Chapter 11.

    The bakers union said in a statement on Tuesday its members would be “indispensable partners” in restarting the former Hostess facilities and getting the products back into stores.

    The money raised from the sales will be used to pay off Hostess’s creditors, which the company said totaled $1.43 billion when it filed for bankruptcy.

    Hostess will return to court on April 9 to ask U.S. Bankruptcy Court Judge Robert Drain to approve the sale to United States Bakery and a separate sale of its line of Drake’s snacks. Drake’s Coffee Cake, Ring Dings and Devil Dogs were sold to McKee Foods Corp for $27.5 million.

    The bankruptcy is: In re Hostess Brands Inc, U.S. Bankruptcy Court, Southern District of New York, No. 12-22052.

    (Reporting By Tom Hals in Wilmington, Delaware; Editing by Leslie Gevirtz)

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  • Structure:Data 2013 live coverage

    If you’re a regular reader of GigaOM you know that we’re big believers in the power of data — both big and, well, bigger — to change the way we think about our world. Until relatively recently, it hasn’t been possible to gather enough data at scale to truly understand the patterns around us. But as our smartphones turn us into walking sensors and we live ever-increasing amounts of our lives online, we’re generating massive amounts of data that can improve the health of a business (or a person), help us make rational decisions about resource prioritization and finally convince NFL coaches that they should go for it more often on fourth down.

    The key is developing the tools and techniques to properly collect, harvest, and analyze that data. On Wednesday and Thursday this week, we’ve gathered some of the top minds in this emerging field in New York at Structure:Data to help you understand how data and data analysis can improve your business and your life. They include Paul Maritz, chief strategist at EMC and a leader of The Pivotal Initiative; data experts from companies like Facebook, Microsoft, IBM and a host of startups; and even the CTO for the Central Intelligence Agency, Ira “Gus” Hunt.

    More information about the conference can be found here. If you can’t join us in New York, follow along with the livestream here, or join the conversation on Twitter with #dataconf. We’ll also post a roundup of all our coverage from what should be a very interesting two days of data.

    Thumbnail image courtesy Thinkstock Images.

    Wednesday’s posts:

    Related research and analysis from GigaOM Pro:
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  • Morning Advantage: Why Carnival Stays Afloat Amid Scandal

    To be upfront, I doubt I’d enjoy a cruise. I’m not particularly into the lawlessness of international waters, nor do I enjoy being forced to endure poolside activities with hordes of strangers. And like Sen. Jay Rockefeller, I have concerns about who, exactly, cruise lines are beholden to. In the case of Carnival, as outlined nicely by Quartz’s Gwynn Guilford, the answer is pretty much no one. For starters, the company is incorporated in Panama, which means it’s outside the bounds of U.S. wage and safety laws. In addition, its shipping business is exempt from U.S. taxes. This is a big deal when, as Rockefeller points out, the U.S. Coast Guard (aka the U.S. taxpayers) has “responded to 90 incidents with Carnival ships in 5 years.” As for the cruise company, a spokesperson urges caution, saying that all the incidents were quite different in nature, and that the company has a strong overall safety record.

    That said, you kind of have to admire the brilliance of the business model. Except maybe if you’re one of these people.

    MILLENNIALS NEED WINGS, TOO

    The Future of the Business Travel (The Boston Consulting Group)

    Most millennials aren’t quite full-fledged business travelers, according to The Boston Consulting Group, but that’s likely to change in the next 10 years or so. This offers up a great opportunity for airlines and hotels to mine for early brand loyalty — and to eventually increase profits — but only if they understand how very different this generation of flyers is from the last. Some things to consider: While millennials tend to be more brand loyal than non-millennials in most cases, this fact doesn’t yet apply to airlines. And while millennials don’t much mind chaos at the airport, they’re more likely to be annoyed by a complicated booking process and are more likely to turn to aggregators like Kayak or Expedia for their travel needs.

    THE IRAQ WAR: WHAT IS IT GOOD FOR?

    Absolutely $138 Billion (Financial Times)

    Now that we’re done with our brief travel theme, a note about war. Specifically the Iraq War, which began 10 years ago. And even more specifically, the staggering amount of money the U.S. doled out to private contractors: $138 billion. KBR, for example, reaped almost $40 billion during a decade of government contracts, which included preparing and serving “more than 1bn meals” and producing “more than 25bn gallons of drinkable water and 265 tons of ice.” While Sen. Claire McCaskill claims that many of the contractors’ services and projects “did little — sometimes nothing — to further our military mission,” a KBR spokesperson argues that they “performed with honor and sacrifice in a hostile, complex, ambiguous and unpredictable environment.”

    BONUS BITS:

    Habemus Papam

    Vatican’s Bureaucracy Tests Even the Infallible (New York Times)
    A Simple Ritual for Harried Managers (and Popes) (HBR)
    Social Media Lessons from the Vatican — Really (Australian School of Business)

  • XBMC 12.1 better supports Apple TV 2, iO6 and AirPlay

    Team XBMC has released XBMC 12.1 FINAL, a major maintenance update for its open-source, cross-platform media server/center. Version 12.1 includes AirPlay optimizations, iOS 6 support on the AppleTV 2 and enables the full iPhone 5 resolution.

    XBMC also recently unveiled the early developmental version of XBMC 13, codenamed “Gotham”. Early development for version 13 includes support for the UPNP “Play using…” feature, library improvements with new TV Show and Music Video tags as well as inbuilt support for alternative media art.

    Many of XBMC 12.1’s fixes revolve around Apple devices. OS X users gain support for using their Mac’s native audio output device, plus hardware decoding in OS X. The volume buttons have been remapped to control the OS X volume rather than XBMC’s own volume control – a tweak replicated with the new Android build. AirPlay support has also been improved, with more reliable discovery of XBMC implemented.

    Apple TV enhancements include support for iOS 6 on Apple TV 2, plus a fix that ensures XBMC doesn’t crash when listed on the Apple TV top shelf. The Raspberry Pi build sees the player optimized for more efficient playback, improved subtitle support and unspecified crash fixes.

    There’s added support for additional Xbox 360 controller types as well as broader, more intelligent support for CEC devices, which enable users to control XBMC via their TV remote using the HDMI cable connected to their XBMC device.

    Seven new languages — primarily Asian — have been added, while problems with several add-ons due to broken binary read/write in XBMC’s Python interface have also been resolved. The update is rounded off by a large number of stability improvements and crash fixes across all supported platforms.

    XBMC 12.1 FINAL is available now as a free, open-source download for Windows, Mac, Linux and Android. For a guide to configuring it to work with a TV tuner — a feature introduced in version 12.0, click here.

  • Jawbone Releases Android UP App, Makes Wristband Available In European Apple Stores

    jawboneupblue

    Jawbone announced today that its app for UP, the company’s movement-tracking wristband, is now available as a free download for Android on Google Play. The $129 UP was previously only compatible with iOS. The wristband can also now be purchased in European Apple stores, and will be made available in Asia and Australia next month.

    “We are excited to expand the UP community by introducing support for Android, 11 new languages for iOS, and product availability in more than 25 additional countries around the world,” said Travis Bogard, Jawbone vice president of product management and strategy, in a statement.

    When coupled with its app, the UP wristband allows users to track their sleep, movement, food, and mood. Apple Stores in Asia and Australia will begin carrying the gadget next month, along with other retail locations in Europe, Asia, Australia, and the Middle East.

    While Android users can now use Jawbone UP, the company says it currently has no plans to release the UP app to BlackBerry 10 or Windows Phone.

  • Make the most of your keyboard with MadAppLauncher

    There are plenty of ways to launch programs using hotkeys, and even Windows has one of its own (right-click a shortcut, select Properties > Shortcut and click the “Shortcut key” box), but remembering enough of these to cope with all your applications is extremely difficult.

    The open source MadAppLauncher takes a different approach, though, which is very much simpler. It uses a simple QWERTY-type layout, and allows you to assign one program to each key. The relevant application icon and name is displayed alongside the key letter, so if you press H, say, whatever is in the H box will be launched.

    You also get ten tabs, which correspond to the number keys, and each of these have their own QWERTY layout. This allows you to separate your programs into ten groups of up to 30 applications, for 300 in total. And if that’s not enough, you can save your current layout with a descriptive name (“Internet”, “Work”, whatever fits) and then create and load as many others as you need.

    Every application “key” can be customized in much the same way as a regular Windows shortcut. You’re able to set its name,icon, target, command line arguments, starting folder, window style (normal, hidden, minimized, maximized and so on).

    Unusually, you even get some control over the window size and position, so for instance you might decide to launch a program in the bottom half of the screen (assuming the application supports that, anyway). This doesn’t always look good — the application may appear somewhere else, then move — but it does work.

    And there are all kinds of options here. You can move an application from one key to another; keep MadAppLauncher on top of other windows; show or hide the program when Windows starts, and more.

    We had some issues here, too. Some of the program’s default settings are a little annoying, so for example if you drag and drop the program window then it’ll just snap back to the centre of the screen. Just about everything can be reconfigured via the View menu, and the Hotkey and Options dialog, but it could still be annoying for beginners.

    Elsewhere, there’s very little documentation. And if you expect your launchers to look stylish and glossy then, well, MadAppLauncher will leave you extremely disappointed. But, if you just want a simple way to organise large groups of applications, folders or files, then the program should serve you very well. Go check it out.

    Photo Credit: Lilya/Shutterstock

  • Americans who received swine flu vaccines are at risk for paralysis disorders

    The federal government has once again been exposed for lying about the safety of the infamous swine flu vaccine, also known as H1N1. According to a new study published in the journal The Lancet, people who received the swine flu vaccine during the 2009-2010 pandemic…
  • Study finds illegal downloading doesn’t harm music industry

    Music Piracy Study
    A new study published by the European Commission’s Joint Research Centre has found that illegal downloading doesn’t hurt the music industry. After examining the browsing habits of more than 16,000 Europeans, the research showed that there is actually a positive link between online piracy and visits to legal music stores — so rather than negatively impacting digital revenues, researchers found that music sales can actually benefit from piracy.

    Continue reading…

  • EMC to bring out enterprise version of its Syncplicity file-sharing service

    Storage vendor EMC is establishing an enterprise edition of its Syncplicity file-sharing Software as a Service, less than a year after EMC acquired Syncplicity.

    EMC is aiming the new product at companies with more than 25 users. It can work with cloud-based storage and on-premise storage appliances such as EMC’s Isilon network-attached storage and Atmos object-based storage. That could make Syncplicity’s Enterprise Edition an appealing option for IT administrators who want to support the bring-your-own-device trend with a simple user interface but don’t want to worry about the security implications of using Dropbox and other offerings.

    Companies that use EMC’s Documentum enterprise content-management software can also sync files in the Syncplicity Enterprise Edition. Syncplicity keeps a customer’s data centers in multiple geographies automatically updated, and users access files from the nearest data center to keep latency low.

    Instead of requiring customers to pay a different amount of money each month to reflect elastic use of storage resources the way Amazon Web Services does for its Simple Storage Service (S3) and other products, Syncplicity customers pay based on the number of users — a more palatable option for larger businesses with hundreds or thousands of employees, said Jeetu Patel, Syncplicity’s general manager.

    While EMC might have wanted to have a product for small businesses in its line when it bought Syncplicity last year, it’s not surprising to see the company create a version that makes sense for large businesses, too. EMC is no Box, much as Box wants to add enterprise customers. But now it comes closer, by crossing ease of use with the security advantages of on-premise deployments.

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  • Interim Report for the Triennial Review of the National Nanotechnology Initiative, Phase II

    Final Book Now Available

    Nanotechnology has become one of the defining ideas in global R&D over the past decade. In 2001 the National Nanotechnology Initiative (NNI) was established as the U.S. government interagency program for coordinating nanotechnology research and development across deferral agencies and facilitating communication and collaborative activities in nanoscale science, engineering, and technology across the federal government. The 26 federal agencies that participate in the NNI collaborate to (1) advance world-class nanotechnology research and development; (2) foster the transfer of new technologies into products for commercial and public benefit; (3) develop and sustain educational resources, a skilled workforce and the supporting infrastructure and tools to advance nanotechnology; and (4) support the responsible development of nanotechnology. As part of the third triennial review of the National Nanotechnology Initiative, the Committee on Triennial Review of the National Nanotechnology Initiative: Phase II was asked to provide advice to the Nanoscale Science, Engineering, and Technology (NSET) Subcommittee and the National Nanotechnology Coordination Office in three areas:

    Task 1 – Examine the role of the NNI in maximizing opportunities to transfer selected technologies to the private sector, provide an assessment of how well the NNI is carrying out this role, and suggest new mechanisms to foster transfer of technologies and improvements to NNI operations in this area where warranted.
    Task 2 – Assess the suitability of current procedures and criteria for determining progress towards NNI goals, suggest definitions of success and associated metrics, and provide advice on those organizations (government or non-government) that could perform evaluations of progress.
    Task 3 – Review NNI’s management and coordination of nanotechnology research across both civilian and military federal agencies.

    Interim Report for the Triennial Review of the National Nanotechnology Initiative, Phase II offers initial comment on the committee’s approach to Task 2 and offers initial comments on the current procedures and criteria for determining progress toward and achievement of the desired outcomes.

    [Read the full report]

    Topics: Engineering and Technology

  • Raspberry Pi manufacturing moves to U.K. to meet high western market demand

    Raspberry Pi Manufacturing
    The Raspberry Pi was invented in the United Kingdom and now it’s going to be manufactured there was well. Computerworld UK reports that the Raspberry Pi Foundation has decided to move the main production facility for the Linux-based mini-computer from China to Wales in a bid to meet unexpectedly high demand in western markets. Apparently the foundation was experiencing manufacturing bottlenecks at its Chinese facilities and thus decided to move production closer to home where it will be easier to monitor. The $35 Raspberry Pi has become a surprise hit since its launch in 2012 and has sold around 1 million units in just over a year on the market.

  • Three startups to watch from Founder’s Den spring demo day

    In a refreshing deviation from the 80 companies that generally present at a Y Combinator demo day, only seven companies (plus two off the record startups) pitched to investors and the media at the Founder’s Den in San Francisco on Tuesday.

    Founders Den is “one part co-working space, with 55 to 60 people working here, and one part clubhouse for experienced entrepreneurs,” said Michael Levit, one of the managing partners, and the group hosts demo days about every six months. When I wrote about the group’s last demo day in September 2012, I explained the structure behind the space:

    “The group, which is a co-working space in San Francisco that allows startups to join and collaborate on an invite-only basis, typically picks startups that have already been through other incubator programs like Y Combinator (which was heavily represented among Tuesday’s startups.) Startups selected to join pay competitive prices for the space and gain access to a well-connected community in the city.”

    For its relatively short history and small number of companies per demo day (they’ve hosted about 85 in total), Founders Den has hosted a number of interesting companies. They include Datasift, the Twitter data company that we’ve written about extensively, as well as e-commerce company Wanelo and social video startup Socialcam.

    My colleague Janko Roettgers has written about Movl, the company that provides tools for multiscreen activity on smart TVs. Jeff Roberts wrote for PaidContent about vidIQ, the company that gives enterprise companies a dashboard of tools for YouTube. And two of the company presentations were off the record. But among the other five, here were the three I’d particularly keep an eye on:

    Namo Media

    Namo Media comes from Gabor Cselle, the entrepreneur who presented the slightly tongue-in-cheek app Draw Chat at the last Founders Den event, but is now focused on his “million dollar” opportunity (after auctioning off Draw Chat). Namo Media helps apps do in-stream native advertising, inserting sponsored posts into streams just as Twitter does with promoted tweets or Facebook does with sponsored posts.

    The team mostly comes from backgrounds at Google, working on products like Gmail (Cselle founded reMail, a mail search app that was acquired by Google in 2010). Namo Media just raised a $1.9 million funding round led by Google Ventures with participation from Betaworks, Andreessen Horowitz, Trinity Ventures, and angels.

    Survata

    Survata finds users to complete market research surveys, integrating with other websites to easily acquire responses. The company explained the idea behind its product on its website: “Our customers write surveys, and we find respondents to complete those surveys. But, unlike most market research firms, we don’t use traditional research panels. Rather, we collect survey responses via our partner publishers around the web.” The company’s founders noted that they’re doing surveys for groups like Disney, Microsoft, Harvard, and McKinsey.

    Rollbar

    Rollbar works to help developers find and track errors, installing on sites as “a small library to detect errors and collect context about each,” surfacing the most important issues to the developer’s attention, and then working to understand the problem to find a solution. The company has graduated pricing depending on the scale of operation required.

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