Category: News

  • Macquarie Group Adds Brian Sauvigne as MD

    Brian Sauvigne has joined Macquarie Capital as a Managing Director in its Financial Sponsors Group, based in New York. He was previously Head of Corporate Development at Morgan Stanley.

    PRESS RELEASE

    Macquarie Group (Macquarie) (ASX: MQG; ADR: MQBKY) today announced that Brian Sauvigne joined Macquarie Capital as a Managing Director in its Financial Sponsors Group, based in New York.

    Mr. Sauvigne joins Macquarie with a unique scope of experience working with financial sponsors. He was most recently Head of Corporate Development at Morgan Stanley and was responsible for its global corporate mergers and acquisitions activities. He also worked in the firm’s Financial Sponsors Group, where he was involved in a number of equity, debt, and mergers and acquisition transactions. He was previously a consultant at McKinsey, where he provided senior-level strategic advice to a number of financial sponsors and corporate clients.

    Mr. Sauvigne has an M.B.A. from Harvard Business School and a B.A. from Columbia University.

    He joins following the appointments of Jorge Mora as US Head of Financial Sponsors and William Baumgart, Managing Directing in Financial Sponsors, in August 2011.

    Jorge Mora, Macquarie Capital’s US Head of Financial Sponsors, said: “We continue to grow our business with the financial sponsor community. Brian’s transactional experience and deep relationships across the community is well matched to the needs of our clients, and his consulting background brings an additional dimension of expertise. His appointment adds significantly to our resources and capabilities.”

    Year-to-date in the US, Macquarie has committed more than $550 million in equity, preferred equity and mezzanine debt towards client transactions, and underwritten more than $8.5 billion in debt. Recently, the firm advised a number of financial sponsor clients and their portfolio companies, and provided financing solutions to support their strategic goals. Highlighted transactions include:

    · Advisor to Kelso on PSAV’s acquisition of Swank Audio Visuals, investing equity and arranging $495 million of senior secured credit facilities

    · Joint lead arranger and joint bookrunner on the $450 million financing in support of Platinum Equity’s acquisition of Caterpillar Logistics Services

    · Joint lead arranger and joint bookrunner on the $1.5 billion financing in support of Blackstone’s $2.0 billion acquisition of Vivint, Inc.

    About Macquarie
    Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,400 people and has assets under management of over $US353 billion (as of September 31, 2012).

    The post Macquarie Group Adds Brian Sauvigne as MD appeared first on peHUB.

  • Endgame Closes on $23M for Cyber Security

    Endgame Inc., a provider of cyber security software, has closed on $23 million in Series B equity financing. The money will be used to expand the company’s customer base. Paladin Capital Group led the round, with participation from existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield & Byers and TechOperators.

    PRESS RELEASE

    Endgame, Inc., a leading provider of battle-tested cyber security solutions, announced today that it has closed a $23 million Series B equity financing to fund growth in its existing federal customer base as well as expansion into the commercial market.

    Led by new investor Paladin Capital Group, a multi-stage private equity firm providing capital and strategic guidance to growing companies, the Series B includes participation from existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield & Byers and TechOperators. Lt. General (Ret) Kenneth A. Minihan, former Director of the National Security Agency and Managing Director at Paladin, will join the Endgame Board of Directors.

    “The cyber domain will be increasingly important across all dimensions of national power – military, economic, and informational,” said Lt. General Minihan. “Endgame’s revolutionary technology allows its customers to use intelligence seamlessly to gain situational awareness and support their end-to-end network operations.”

    As part of its expansion, Endgame has recruited several new executives to the company’s management team, including: Nathaniel Fick, who joined as CEO in November, replacing Chris Rouland who remains a Founder and board member of the company; Niloofar Howe, who joined as Chief Strategy Officer to lead the company’s efforts in market and product strategy, as well as business and corporate development; and Matt Georgy, who joined Endgame as CTO after a decorated career as a senior executive at the Department of Defense supporting all aspects of computer network operations. Endgame’s new Chairman of the Board, Christopher Darby, has deep expertise in the intelligence space as the current President and CEO of In-Q-Tel, the independent strategic investment firm supporting the missions of the U.S. Intelligence Community.

    “The cyber needs of federal and commercial entities are converging as states look beyond targeting other states to target private companies, and national security thinking must increasingly account for private infrastructure,” said Nate Fick, CEO of Endgame. “I’m excited about leveraging the solutions and technology that our mission partners depend on to help businesses with comprehensive command and control of their network operations.”

    About Endgame

    Endgame’s cyber operations platform provides real-time command and control, analytics, data visualization and knowledge discovery capabilities that support safety and security in cyberspace by revolutionizing the detection and mitigation of cyber-threats. Founded in 2008, Endgame is backed by Bessemer Venture Partners, Kleiner Perkins Caulfield & Byers, Columbia Capital and Paladin Capital Group. The company has offices in Northern Virginia, Maryland, San Antonio, and Atlanta. For more information, please visit http://www.endgame.com.

    About Paladin Capital Group
    Paladin Capital Group is a leading multi-stage private equity firm providing capital and strategic guidance to growing companies in the IT, telecommunications and alternative energy sectors. The firm focuses on companies with products and services that are “dual use” in nature, serving both commercial and government customers. Paladin has over $950 million dollars of committed capital across multiple funds and has invested in over 50 portfolio companies.

    The post Endgame Closes on $23M for Cyber Security appeared first on peHUB.

  • ‘Killer Dolphins’ Escape From Ukrainian Handlers

    The Russian International New Agency (RIA Novosti) is reporting that three “killer” dolphins have escaped from their Ukranian handlers. The mammals were engaged in training exercises when they took off for open water.

    The publication quoted a former Soviet naval anti-sabotage officer as saying the dolphins probably took in search of mates. The officer stated that it isn’t uncommon for the dolphins to take off during mating season, but that they come back to their handlers “in a week or so.”

    The Ukrainian dolphins were being trained to attack (enemy) swimmers and to detect mines. In a statement that invokes the likes of Austin Powers villain Dr. Evil, an unnamed source told RIA Novosti that the dolphins were being trained to use “special knives” and “pistols fixed to their heads. Obviously, that throws the entire report into doubt, but if true it could mean some of the ocean’s smartest animals could soon have the firepower to defend their territory.

    The U.S. and Soviet navies began training dolphins in the 60s and 70s. When the U.S.S.R. fell, the dolphin training program was transferred to the Ukrainian Navy, which continued training the mammals for civilian purposes, but restarted military training for the animals in 2012.

  • Cisco accused of stealing data from Swiss services firm Multiven

    Multiven has accused Cisco of espionage, claiming that the networking giant stole thousands of its files.

    The Zurich-based IT services company has had a long and often fractious relationship with Cisco. It has sued the networking giant repeatedly – in the U.S. in 2008 and in Switzerland last year – claiming that Cisco’s bundling of network maintenance service plans amounted to an abuse of monopoly. So far, the suits have proven unsuccessful. Cisco also countersued, claiming Multiven CEO Peter Alfred-Adekeye (a former Cisco employee) had broken into its systems and stolen software. Alfred-Adekeye was even arrested at one point, which he claimed was all Cisco’s doing (Cisco denied involvement).

    And now Multiven has filed complaints with both the U.S. Department of Justice and the Swiss Cybercrime Coordination Unit, alleging “the theft of thousands of its proprietary and copyrighted data files from its knowledge base, mysolvr.com”. Multiven also claims that this alleged unlawful access “put undue load on Multiven’s server resulting in a degraded service for its legitimate users and customers”.

    According to Multiven, the files were stolen using “automated cyber scraping software”, and an internal investigation traced the attack back to IP addresses assigned to Cisco over in California. Customer and user passwords were apparently not taken.

    Multiven is looking for a public apology from Cisco, with a deadline of 5pm PT on March 29. If that’s not forthcoming, it says it will launch a civil suit. Here’s what Alfred-Adekeye had to say in a statement:

    “Based on the fact that the source IP addresses of these systematic and premeditated theft of Multiven’s intellectual property by Cisco Systems originated from Cisco’s headquarters in San Jose, California, it is clear that Cisco CEO John T. Chambers and General Counsel Mark Chandler or people under their control instigated these thefts. Per standard operating procedure, we have reported these breaches to law enforcement but we will refrain from seeking a civil redress if Cisco issues a public apology immediately and the assurance that none of the stolen data has been used for its advantage and it has now all been deleted.”

    I’ve asked Cisco for comment on the allegations and will add it in as soon as I receive it.

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  • “William and the Windmill” wins Grand Jury Award at SXSW

    William-and-the-Windmill-mainLast night at SXSW, William and the Windmill was awarded one of the festival’s top two honors, taking home Grand Jury Award for Documentary Feature. William Kamkwamba: How I harnessed the windWilliam Kamkwamba: How I harnessed the wind The film tells the story of TED Speaker William Kamkwamba, who has come to be known by the title of his memoir, The Boy Who Harnessed the Wind. At age 14, Kamkwamba built a windmill out of junk parts, adapting a design he saw in a library book in order to provide electricity for his family in rural Malawi. This incredible feat of engineering caught our attention, and he was invited to speak at TED Global 2007. His 6-minute talk, called “How I harnessed the wind,” was life-changing and catapulted him from regular teenager to international energy superstar.

    William and the Windmill, directed by Ben Nabors and starring TED’s own Tom Rielly, who became Kamkwamba’s mentor, follows Kamkwamba’s journey from his home in Malawi to Dartmouth College, reflecting on the highs and lows of living between two very different cultures. As IndieWire writes in its rave review of the film, “Kamkwamba’s scientific achievement speaks for itself, but the attention he received in its wake is a thornier issue that Ben Nabors turns into a fascinating look at the tricky balancing act of third-world activism.”

    William and the Windmill received recognition last night at SXSW alongside Short Term 12, winner of the Grand Jury Award for Narrative Feature. Below, check out stills from William and the Windmill, courtesy of Nabors. And stay tuned to the TED Blog for a Q&A with Kamkwamba.

    Ben-Nabors-accepts

    Director Ben Nabors accepts the Grand Jury Award on Tuesday night at SXSW.

    William-and-the-Windmill-still-1

    A still from the film: William hard at work on his windmill.

    William-and-the-Windmill-still-2

    A still from the film: A windmill from afar.

    William-and-Windmill-still-3

    A still from the film: William, deep in contemplation.

    Here, watch the film’s trailer:

    And head to the Tribeca Film Institute website to read about 5 films that influenced Nabors as he made this doc »

  • HTC One Developer Edition with unlocked SIM and bootloader coming soon

    HTC_One_Developer_Edition

    Those of you with a U.S. zip code will be able to buy the HTC One Developer Edition around the same time the standard HTC One is released in the U.S. The Developer Edition features an unlocked SIM and bootloader right out of the box, but everything else is the same. As far as radio frequencies, you get HSPA/WCDMA: 850/1900/2100 MHz, GSM/GPRS/EDGE: 850/900/1800/1900 MHz, and LTE: 700/850/AWS/1900 MHz (US). Unfortunately you won’t be able to grab this one on contract as it will run you $649 and quantities will be limited.

    source: HTC

    Come comment on this article: HTC One Developer Edition with unlocked SIM and bootloader coming soon

  • Facebook No Longer Lets You Unlike Pages Directly from the New News Feed

    It appears that Facebook has made a small tweak as a part of the new news feed, which is currently in the middle of a slow, delicate rollout.

    It appears that Facebook is putting an obstacle between users and their ability to unlike pages that they follow. Well, Facebook hasn’t really added anything – they’ve removed a shortcut which pretty much amounts to the same result.

    Anyway, users of the new news feed are no longer given the option to unlike a page directly after hiding one of the page’s post inside the news feed.

    After hiding a post in the old new feed, here’s what it looks like:

    Now, here’s what it looks like with the new news feed:

    Notice that the unlike link is gone?

    Now, if a user wants to unlike a page (and they very well might, since they’re hiding posts from that page), they’ll have to visit the page first and unlike it from there.

    This could simply be an accidental removal – the new news feed is still in beta. But if we assume that Facebook has done this purposefully and permanently, it suggests that Facebook is doing all they can to keep people liking things. Because without all of those likes, how would Facebook know anything about users for targeting purposes? Sure, a user can hide a page’s posts – but if that like remains then Facebook retains that specific crumb of data. And every little crumb matters.

    As Inside Facebook points out, this could also lead to page owners seeing less reach from their posts, even though likes seem to be staying stable or even increasing.

    I’ve reached out to Facebook and will update when I hear back.

  • Galaxy S IV reportedly won’t have eye-scrolling technology or an eight-core processor in the U.S.

    Galaxy S IV Eye-Tracking
    With just over one day left until Samsung (005930) unveils the Galaxy S IV, new details have begun to trickle out. Earlier reports claimed the company’s flagship smartphone would include eye-tracking technology, however this may not be the case. According to Bloomberg, the Galaxy S IV will not include the feature at launch, although it may appear in “future versions of the phone.” Samsung will instead use a simpler head-tracking technology that will have the ability to pause videos when a user turns away from the screen.

    Continue reading…

  • Motorola XT912A smartphone gets leaked, gives indication it’s not the rumored “X” phone… for now at least

    Motorola_XT912A_Leak

     

    Is Google starting to truly exert its influence into upcoming Motorola devices? It sure appears to be the case as a new mystery phone has surfaced for our viewing pleasure. With specs that clearly identify it as a potential high-end phone, the mysterious XT912A features some goodies including a quad-core Snapdragon S4 Pro chip, 2 gigs of RAM and a solid 2,200mAh battery. Seeing that this device looks like it has a lightly-customized build of Android, it’s no surprise that most folks are expecting the XT912A smartphone to be the rumored “X” phone that we’ve been hearing about more and more lately— but you may want to calm your expectations down a bit, and for good reason. The XT912A seen above seems to feature what is a 4.7-inch 720p display, while the “X” phone is expected to have anything from a 4.7-inch screen to a 5-inch display, but with a full 1080p display.

    Regardless of if this is truly the rumored “X” phone or not, it appears that Google is certainly intent on making some noise in the smartphone wars— and for good reason too.

    source: Tinhte
    via: pocketnow

    Come comment on this article: Motorola XT912A smartphone gets leaked, gives indication it’s not the rumored “X” phone… for now at least

  • Anti-CISPA White House Petition Crosses 100,000 Signature Threshold

    After CISPA returned in February, privacy advocates started a “We The People” petition asking the White House to stand against the controversial legislation. It’s been a month since the petition was created, and advocates are one step closer to a response.

    The “Stop CISPA” petition on the We The People petition site has crosses the recently instated 100,000 threshold required for a response from the Obama administration. The petition asks the administration to reject CISPA for its overly broad language:

    CISPA is about information sharing. It creates broad legal exemptions that allow the government to share “cyber threat intelligence” with private companies, and companies to share “cyber threat information” with the government, for the purposes of enhancing cybersecurity. The problems arise from the definitions of these terms, especially when it comes to companies sharing data with the feds.

    It will be interesting to see if, and how, the administration responds to this petition. President Obama has already signed an executive order that accomplishes what CISPA aims to do without the civil liberty violations. The President acknowledged, however, that an executive order isn’t enough and called upon Congress to pass cybersecurity legislation.

    That’s going to be the hard part, though, as Congress proved last year that it can’t agree on cybersecurity measures. Privacy advocates may not even have to bother the White House if the House and Senate can’t come to any sort of agreement. Even if they do, the White House promised to stand against CISPA last year. Unless something changes, the White House will stand against CISPA again.

    [h/t: TechDirt]

  • Pride of the Jaguar: 1957 Jaguar Mark 1

    1957 Jaguar Mark 1

    Vintage automobiles all seem to have their own unique personalities. Some are compliant, others finicky and yet there are those who don’t cooperate at all. In the case of Jim Jones and his 22-year journey with his 1957 Jaguar Mark 1, the story simply unfolds as a great relationship between a willful owner and an old car that just yearned to be restored. Check it out after the jump.

    Source: chromjuwelen.com

  • How Sandy Has Altered Data Center Disaster Planning

    (Photo by David Shankbone via Wikimedia Commons).

    The Empire State Building stands out as a beacon of light in a darkened Manhattan landscape during the widespread power outages following Superstorm Sandy. (Photo by David Shankbone via Wikimedia Commons).

    NEW YORK – Keep your diesel supplier close, and your employees closer. These were among the “lessons learned” from Superstorm Sandy, according to data center and emergency readiness experts at yesterday’s Datacenter Dynamics Converged conference at the Marriott Marquis, which examined the epic storm’s impact on the industry and the city.

    The scope of Sandy has altered disaster planning for many data centers, which now must consider how to manage regional events in which travel may be limited across large areas due to fallen trees and gasoline shortages, restricting the movement of staff and supplies. Yesterday’s panel also raised tough questions about New York’s ability to improve its power infrastructure, as well as the role of city policies governing the placement of diesel fuel storage tanks and electrical switchgear.

    A clear theme emerged: Data center operators must expand the scope of their disaster plans to adapt to larger and more intense storms, weighing contingencies that previously seemed unlikely. The power, size and unusual storm track for Sandy proved to be a deadly combination, bringing death and destruction  on an unparalleled scale.

    Superstorm Sandy caused $19 billion of damage in New York City, leaving more than 900,000 employees out of work at least temporarily, according to Tokumbo Shobowale, the Chief Business Operations Officer for New York. Shobowale said the storm has led FEMA to redraw the storm surge maps and flood zones for the city.

    “We have 200 million square feet of commercial space in the flood plain now,’ said Shobowale, who said the city struggled to adapt to unprecedented flooding that damaged critical infrastructure for transit, telecommunications and power. “A lot of our response was figured out on the fly. Now that experience allows you to create standard operating procedures for next time.”

    Focus on Fuel and Personnel

    The data center industry has begin that process in earnest. New York area facilities experienced both direct and indirect impacts from Sandy. A handful of data centers in the financial district were knocked offline as the storm surge flooded basements housing critical equipment. Nearly all of lower Manhattan was left without power when ConEd was forced to shut down key parts of the power grid, forcing major carrier hotels and data centers to operate on backup generators for three to seven days. Facilities in New Jersey also faced local power outages and road closures, as roads fell across streets and power lines.

    Planning ahead is more important than ever, as data centers will need to consider padding their inventories to ride out longer periods in which they must operate independently.

    “If you didn’t have your service providers and employees on-site at the time of the storm, they weren’t going to get there,” said Paul Hines, VP of Operations and Engineering at Sentinel Data Centers, which has a data center in central New Jersey. “That’s affected our planning.” That includes keeping more spare parts at the facility, bringing more staff on-site and additional advance planning with maintenance contracts and fuel suppliers.

    Several questions for the panel focused on the availability of diesel fuel for emergency backup generators, which was a key concern in the storm’s aftermath. Data center providers typically arrange priority contracts with fuel suppliers. But what happens when a regional disaster tests supply and creates dueling priorities?

    Providers in New Jersey reported no problems finding fuel, although some had to go outside the region to ensure a continuous supply. “We had 10 days of fuel, and contracts with two fuel suppliers” said Hines. “You also have to make sure your fuel suppliers can operate with no power, and have gravity-fed systems. We’ve now found an out-of-region supplier as well. But that doesn’t solve the problem of access to facilities.”

    That was also a pressing problem in Manhattan, where flooding made some roads impassable. Building owners worked with city officials to ensure the availability of telecom services, for example. One of the city’s largest data hubs, 111 8th Avenue, had a high priority because the building also houses a hospital.

    The Role of the City

    Audience members at DatacenterDynamics Converged also pressed Shobowale about the city’s response to Sandy, especially the vulnerability of the utility grid. One questioner noted the failure of a major ConEd substation built alongside the East River.

  • Silver Spring Networks prices boosted IPO, raises $81M

    Smart grid company Silver Spring Network’s long awaited IPO is finally here. On Tuesday night the company priced its IPO at the midpoint of its planned range, at $17 per share, and also made 4.75 million shares available, which is 1 million shares more than the company had originally planned. Silver Spring will raise $81 million in the process.

    Selling more shares than expected is good news, as it means that the company had more interest than expected from investors. Silver Spring will start trading on Wednesday morning on the New York Stock Exchange under the symbol SSNI.

    The IPO has been over a year and a half in the making, the company first filed to go public back in the Summer of 2011. Back then the maximum IPO was listed as $150 million. Along with the debut today, longtime investor Foundation Capital also plans to purchase $12 million worth of stock at the IPO price in a private placement.

    Silver Spring sells wireless networks and smart meters to utilities that can be used to run power grids more efficiently and offer news types of grid services. The company is increasingly looking to sell software and services, and not just infrastructure, to help it boost its margins.

    The IPO is one of just a few that has come from a smart grid startup backed by venture capitalists. Foundation Capital owned 32.7 percent before the IPO, while Kleiner Perkins owned 15.6 percent before the IPO.

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  • Judge Judy Sued For Buying Dishes

    Judge Judy may be known for her stern demeanor when deciding court cases, but now America’s most famous judge might find herself on the other side of the bench.

    TMZ is reporting that Judge Judy has been sued by a woman named Patric Jones over, of all things, dishes. Jones alleges that her ex-husband, Randy Douthit, a producer on Judge Judy’s TV program, sold the couple’s expensive China to Judge Judy during the divorce process.

    Jones estimated that the fine china is work over $500,000, but alleges that Douthit sold the dishes to Judge Judy for a tenth of that price. She alleges that the sale was a revenge plot against her by the judge and Douthit. The lawsuit is asking for the dishes or Jones’ full estimated price for the dishes. Punitive damages have also been tacked on.

    The video below shows a short interview with Jones’ lawyer, who was accosted by a TMZ cameraman:

  • Samsung’s smartphone marketing Death Star spent $402 million in U.S. last year

    Samsung Smartphone Marketing
    One of the reasons Samsung (005930) has all but crushed its rival Android vendors has been a series of first-rate advertisements backed up by its Death Star-sized marketing budget. Per The Wall Street Journal, new research from advertising research firm Kantar Media shows that Samsung spent $402 million in 2012 marketing its smartphones in the United States, topping even Apple (AAPL) with its similarly enormous $333 million U.S. marketing budget for the iPhone. No other smartphone company studied by Kantar even came close to matching Samsung and Apple last year: HTC (2498) spent $46 million, BlackBerry (BBRY) spent $39 million and Nokia (NOK) spent $13 million. And given that Apple and Samsung are currently the only two smartphone vendors turning a consistent and sizable profit at the moment, we shouldn’t expect that either company will ratchet down its advertising budget anytime soon.

  • The Pivotal Initiative, in case you were wondering, is now official

    Not that there was a lot of doubt but the Pivotal Initiative spin-off of VMware and EMC, has now officially spun off and will likely go public, according to EMC CEO and Chairman Joe Tucci, speaking at an investors event in New York.

    EMC chairman and CEO Joe Tucci

    EMC chairman and CEO Joe Tucci

    Pivotal is 60 percent owned by EMC, 31 percent VMWare with about 1250 employees in $300 million in revenue, Tucci said. As has been reported, EMC contributed Pivotal Labs, Greenplum and VMware ponied up Cloud Foundry, Spring and Cetas.

    “it’s not the riskiest thing we’ve ever done with an experienced executive, Paul Maritz, taking charge,” Tucci said.

    Structure 2011: Paul Maritz – CEO, VMware

    Structure 2011: Paul Maritz – CEO, VMware

    Maritz is the former CEO of VMWare, and was a long time top executive at Microsoft. Maritz will speak next week at GigaOM’s Structure: Data event in New York City. Maritz is on the agenda later today and will speak more about Pivotal.

    “We have a great opportunity to bring EMC and VMware and Pivotal together and create great value for customers who want to deal with a few strategic suppliers,” Tucci said.  But he also emphasized choice and flexibility. “If VMware wants to do something in storage that EMC might not like, they can do it.”

    This post will be updated throughout the morning.

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  • Netflix/Facebook Sharing Rolls Out Today in the U.S.

    Starting today, Netflix Instant users in the U.S. will finally be able to share what they’re watching with their Facebook friends. The social sharing, made possible by the passage of the amended VPPA in January, is now in rollout mode.

    Netflix will start rolling out the new social features today, and they say that all 27 million U.S. users will have access to the Facebook sharing by the end of this week.

    The Netflix/Facebook partnership, which has already been available in other countries for some time, will allow U.S. users to opt in. Those that do will see “Friends Favorites” and “Watched by Your Friends” sections on their Netflix accounts. Netflix streamers will be able to posts about movies and TV that they’re watching and comment on it as well.

    “You are in control of what gets shared. You can choose not to share a specific title by clicking the “Don’t Share This” button in the player. You can also visit your “Social Settings” in “Your Account” on Netflix.com to turn on additional sharing to Facebook or stop sharing altogether,” says Netflix

    The new social layer was made possible by an update to the Video Privacy Protection Act, a 1988 law that barred the sharing of any video rental history without the viewer’s expressed consent. The law, which originally focused on VHS rentals, disallowed companies like Netflix from giving users the option to share their viewing history on social sites like Facebook.

    Netflix lobbied Congress to update the law, and it finally payed off when both the House and the Senate passed the amended VPPA a few days before Christmas last year. President Obama signed it into law in early January.

    And it looks like it’s only taken Netflix a couple of months to begin the rollout of these new social features.

    The amended VPPA makes sure that the “rental company” (Netflix) gives users a “clear and conspicuous” option to not share their streaming history, and that the viewers permission to share their video history expires after 2 years unless they renew it.

  • It’s Time for Tenure to Lose Tenure

    At no other time in history has the American higher education system been in greater need of radical change. The place to start: abolishing tenure.

    Originally established in the late 1700s to protect academic freedom at religious schools (which are less than a fifth of the 4,703 U.S. colleges today), tenure has morphed into a guaranteed “job for life,” a benefit no longer enjoyed by any other segment of the U.S. workforce. Even the United Kingdom did away with tenure in the late 1980s when then-Prime Minister Margaret Thatcher implored the nation’s colleges to become more productive. (Tenure does exist in some form in other European universities, as well as Chinese and Indian schools.) While not all of academia’s problems can be laid at tenure’s doorstep, tenure has hamstrung colleges’ ability to fulfill their two fundamental missions of advancing knowledge and disseminating it. Here’s why.

    The impact on knowledge

    U.S. colleges’ once-undisputed superiority is under siege. Fifty-one of 76 U.S. universities lost ground in the UK magazine Times Higher Education 2012 list of the world’s top 200 universities. The country’s bragging rights in science and engineering are especially in doubt. A 2012 National Science Foundation report notes that U.S. colleges are losing ground in two key of measures of research quality: the percentage of the world’s science and engineering articles published, and article citations. U.S. professors published 26% of the world’s total science and engineering articles in 2009, a decline from 31% only 10 years earlier and from 37% in 1989. China’s share is 9%, and rising quickly.

    In the U.S., research is a primary prerequisite for tenure, meaning that professors of all disciplines feel pressured to research — even if their subject area is static and less critical. Without tenure, it would be easier to shift research efforts toward emerging, fast-changing, and vital fields.

    The impact on teaching

    Tenure locks in big costs and makes it difficult for universities to explore more productive teaching techniques. Mark C. Taylor, chair of Columbia University’s Department of Religion and author of a book critical of tenure, estimates that a college ties up between $10 million and $12 million of its endowment to support a single tenured professor for a 35-year career. A 2011 study of teaching practices at the University of Texas at Austin indicated that UT Austin alone potentially could save $266 million a year if it could get half its professors to be as productive in teaching as the top 20%, fire its least productive faculty, and shift their small workload to other professors.

    Tenure also limits how nimble colleges can be in deploying their staff to subject areas that will better equip students for employment. As a 2010 study by the Center for College Affordability, a non-profit research center, expressed it: “With a tenure system, colleges are not able to reduce the number of medieval history professors in order to increase the number of information technology and business professors.”

    Academic teaching techniques remain calcified, despite a technological revolution in the last 20 years that enables professors to impart their knowledge in more effective and efficient ways. For example, a 2011 UCLA study of 6,768 U.S. undergraduate male teachers of science, technology, engineering and math subjects (so-called STEM) found 70% still relied on lectures while only 33% used student inquiry-type methods.

    Professors’ reluctance to use technology to revamp the way they teach is understandable; tenured professors, of course, don’t have to. However, it’s to the detriment of students, especially those who are anesthetized by auditorium lectures that offer less opportunity for interchange than an online course. The knowledge that professors teach is as easily digitized and disseminated around the world as are magazine articles, rock music, and TV shows. However, just as union work rules once prevented a railroad engineer from changing a light bulb in his locomotive, tenure protects professors from having to revamp the way they teach.

    While tenure’s proponents argue that it can always be revoked, in fact only 50 to 75 professors out of 280,000 lose it annually, said a study published in 1994 in the Chronicle of Higher Education. The number has likely not changed, according to Harvard University researcher Cathy A. Trower.

    From tenure to contracts

    Tenure could be replaced with contracts similar to those in the business world. Merit-worthy professors could be offered multiyear contracts that give them time to prove themselves; full professors could enjoy rolling contracts that provide reasonable amounts of job security. As in business, the contract can be bought out if the professor does not perform. Since resigning tenure 20 years ago at the University of Minnesota, I’ve been on one-year rolling contracts.

    In a recent Gallup poll, nearly two-thirds of 1,081 college and university provosts said they preferred long-term contracts to tenure. This would free up resources to staff according to what the outside world needs, both in graduates and in innovative ideas.

    Another, related, change is that colleges and universities should require research professors to rely more heavily on outside funding for their research. The NSF report mentioned above concluded that colleges have been paying for an increasing share of their science and engineering research, about 36% in 2009. Most faculties don’t try hard enough to attract other outside funding, even at business schools. External funding would improve the quality of research by requiring professors to pass the “sniff test” of those who would fund it. Some 77% of faculty at UT Austin, a premier research school, receives no external research grant funding.

    U.S. colleges need to tap their cutting-edge research, best teachers and the growing array of technological tools to make education more cost-efficient, exciting and accessible. For traditional students, this might mean replacing large lectures with online courses, freeing up resources for smaller, more stimulating classes. Universities could develop and sell online classes that educate people beyond their ivy-covered walls and attract new revenue. And as a 2012 Babson Survey Research Group/Inside Higher Ed study noted, students can evaluate online classes more easily. And the classes can be more easily fine-tuned because of the online feedback they generate.

    To make such changes possible, colleges need to make use of the same tools used in the business world such as employment contracts instead of jobs for life, process innovation, better allocation of resources, and more careful scrutiny of how research gets funded. Every college’s business school has taught how restrictive work rules and high labor costs for many years made American automotive, electronics, and other industries less competitive. Now universities need to adopt their own teachings and end tenure.

  • Netflix goes social, turns on Facebook integration for U.S. subscribers

    Ever wanted to know what your former college roommates are watching on Netflix? Now you’ve got your chance: Netflix plans to turn on its Facebook integration for U.S. subscribers Wednesday, allowing them to share their viewing behavior with their Facebook friends and get social recommendations for what to watch next. The integration followed some political wrangling about a little-known 1980s privacy law.

    Subscribers who opt in will see what their friends watch and like (click to enlarge).

    Subscribers who opt in will see what their friends watch and like (click to enlarge).

    U.S.-based Netflix subscribers can now connect their Facebook account to the video service, and then be able to view dedicated categories called “Friends’ Favorites” and “Watched by your friends” on the Netflix website as well as through the company’s apps on mobile and connected devices. Viewers can also opt into sharing all of their viewing behavior on Facebook’s website.

    The company said on its blog Wednesday morning that it will eventually offer additional social sharing functionality:

    “The Netflix social features will evolve with new capabilities being tested regularly. Upcoming tests include capabilities to allow members to explicitly share their favorite titles on Facebook and discuss with their friends.”

    There are some privacy provisions that are supposed to prevent over-sharing: Subscribers who opt into sharing their viewing data with Facebook can prevent the sharing of a title “by clicking Don’t Share This during the first few minutes of playback on most devices,” according to a Netflix help page. Titles that have already been shared can also be unshared — but cautious users may just want to turn off sharing altogether before they embark on some late-night B-movie binge viewing.

    Netflix first rolled out its Facebook integration in Canada and Latin America in late 2011, but bringing the feature to the U.S. was complicated by a 15 year-old privacy law called the Video Privacy Protection Act. That law was meant to prevent video rental stores from releasing data about the VHS tapes a customer rented, but it also prevented Netflix from sharing data with one’s Facebook friends.

    Netflix lobbied heavily to change the law, and Congress eventually amended it earlier this year, giving Netflix an opportunity to add Facebook integration for its U.S. customers as well.

    Related research and analysis from GigaOM Pro:
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  • XL Hybrids Raises $4M in Series B Financing

    XL Hybrids Inc., maker of a low-cost hybrid electric powertrain for commercial vehicles, has raised $4 million in new funding. The company did not name investors in the Series B round. XL Hybrids is based in Boston.


    PRESS RELEASE

    XL Hybrids, Inc., provider of a low-cost hybrid electric powertrain designed for class 1 to 3 commercial fleet vehicles, today announced that it has raised $4 million in a series B investment round led by private investors, with previous investors also participating in the round. After developing its hybrid powertrain technology and validating it in the field with multiple Fortune 500 companies, XL Hybrids will use this funding to ramp up the delivery of its hybrid electric powertrain to existing and new customers.

    Investors in this round include successful entrepreneurs and leading business executives from multiple industries, including automotive, energy, software and finance. While massive government loans and other sources of funding dry up for many cleantech companies, XL Hybrids has proven its ability to deliver fuel savings with a cost-effective technology, sell to large Fortune 500 companies and implement a capital-efficient business model. XL Hybrids’ hybrid electric powertrain reduces fuel consumption by 20 percent and can be installed in both new and existing vehicles. This type of system is ideal for companies operating commercial vans, box-trucks and shuttles in and around major urban markets.

    “This round of investment enables us to start scaling our business and expanding our geographic reach. We are working with customers that have large national and international fleets, and we can now help them save fuel and money at a larger scale,” said Tod Hynes, president and founder of XL Hybrids. “With support from our investors, XL Hybrids will continue to expand the availability of our hybrid powertrain and meet the demands of commercial fleets looking for a proven return on investment and reduced emissions.”

    This latest investment round brings the total amount of funding for XL Hybrids to approximately $8 million. Earlier this quarter, XL Hybrids expanded its product line to offer hybrid powertrain technology for Ford E-Series vans; the company can now offer a compelling return on investment and significant emissions reductions to more than 75 percent of light duty van fleet buyers. XL Hybrids also signed an installation partnership and distribution agreement with Leggett & Platt Commercial Vehicle Products (CVP), providing its customers with ship-through ordering.

    For more information on XL Hybrids technology and availability, visit www.xlhybrids.com or email info [at] xlhybrids.com.

    About XL Hybrids

    XL Hybrids designs, manufactures and installs hybrid electric powertrains for commercial vans and trucks. The company’s patent-pending hybrid electric powertrain can be installed on existing vehicles or as an upfit on new ones. By storing energy wasted in braking and reapplying it during acceleration, XL Hybrids technology decreases fuel use and carbon dioxide emissions by up to 21.2 percent on urban routes, while operating with the same durability and reliability as traditional vans and trucks. XL Hybrids was founded by MIT alumni and is based in Boston.

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