Category: News

  • Reuters – Johnson Controls Explores Auto Electronics Unit Sale

    Johnson Controls is exploring a potential sale of its automotive electronics unit, writes Reuters. The company has no intention of selling its automotive interiors business.

    Reuters – Johnson Controls Inc (JCI.N) is exploring a potential sale of its automotive electronics unit, but has no intention of selling its automotive interiors business, the company said on Wednesday.
    Three people familiar with the matter told Reuters earlier on Wednesday that the diversified conglomerate was looking to sell its automotive interiors division.
    Two of them later corrected the statement, saying they were referring to the electronics part of the automotive interiors and electronics segment, which accounts for a quarter of the division’s sales.
    Johnson Controls, the largest U.S. auto supplier with 2012 sales of more than $4 billion in car interiors, has grappled with industry-wide pressure on margins, low vehicle production in Europe and increased competition from China.
    A successful sale of the electronics unit would leave JCI with the interiors unit as well as three other major businesses: automotive seating, building controls and car batteries.
    The Milwaukee, Wisconsin-based company is being advised by investment bank JPMorgan Chase (JPM.N) on the potential electronics divestiture, the company said.
    (This story is corrected throughout to show JCI intends to sell its automotive electronics business, not its automotive interiors business)
    (Reporting by Soyoung Kim in New York and Bernie Woodall in Detroit; editing by Carol Bishopric)

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  • Ziggo Appoints Obermann as CEO

    Ziggo is to appoint René Obermann as its new CEO starting January 1, 2014. Obermann is currently CEO of Deutsche Telekom AG.

    PRESS RELEASE

    The Supervisory Board of Ziggo is pleased to announce that it intends to appoint René Obermann as the new CEO of Ziggo effective 1st of January 2014. René Obermann is currently CEO of Deutsche Telekom AG. This planned transition coincides with the previously disclosed retirement of the current CEO, Bernard Dijkhuizen in January 2014, and assures continued strong leadership of Ziggo in future.
    Andy Sukawaty, Chairman of the Supervisory Board:
    “We are very excited to have Rene Obermann join Ziggo. His leadership skills and broad global experience in fixed and mobile telecoms will help to drive continued long term growth and service innovation at Ziggo. Bernard Dijkhuizen, who as previously announced, will retire next year, will continue to lead Ziggo through this year and will work with René Obermann to ensure a smooth transition. Under Bernard’s leadership, Ziggo has realised great success in delivering world leading services to consumers in the Netherlands. René Obermann is a perfect successor to lead the company through a new phase of growth, innovation and market leadership.”

    René Obermann
    After 15 happy years at Deutsche Telekom, I am very pleased to join Ziggo. This opportunity fulfills my strong wish as an entrepreneur to move closer to operational activities and to be involved in a fast changing world of offering products and services in media and entertainment. Ziggo therefore makes an ideal match and I look forward to starting as CEO of Ziggo as of January 1, 2014.

    Further information
    For information purposes the intended appointment will be put on the agenda of the upcoming Annual General Meeting of shareholders of Ziggo, which will take place on April 18, 2013. The agenda and the explanatory notes to the agenda, with all relevant information, will be published tomorrow on the corporate website of Ziggo: www.ziggo.com. The works council of Ziggo will be requested to give advice in respect of the intended appointment of René Obermann.

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  • Slate Science Closes Angel Funding

    Slate Science, an educational technology company has closed a $1.1 million angel round of funding led by private investors. The funds will be used for continued product innovation, marketing and operational costs.

    PRESS RELEASE

    Slate Science, an educational technology company offering STEM (Science, Technology, Engineering and Mathematics) education products for tablets, today launched SlateMath, a series of educational apps the company will bring to market during 2013. SlateMath can be downloaded for free in multiple languages and is immediately available in Apple’s App Store .
    (Photo: http://photos.prnewswire.com/prnh/20130306/CG67125)
    In conjunction with the launch, Slate Science announced the closing of a $1.1 Million angel round of funding led by private investors. The funds will be used for continued product innovation, marketing and operational costs.
    Slate Science was founded by an A-team of educators and engineers with more than 100 years of combined experience in science education, instructional software development, and mobile platforms. The company developed a proprietary technology and a field-proven methodology for teaching STEM fields. Rather than oferring frontal videos and drill and skill practice, the company is focusing on crafting constructive learning environments that guide children through a rewarding process of self-discovery and intuitive exploration. The company’s proprietary authoring technology enables it to develop and deploy its learning apps in a remarkably efficient and timely manner.
    The company’s first launched product – SlateMath K-1 – takes children on a journey of playful explorations that guide them through the process of intuitively acquiring seven kindergarten and first grade math fundamentals: Counting, Writing Digits, Addition, Comparison and Order, Parity, Patterns, and Problem Solving. These topics are learned through a progression of 30 engaging activities, each designed to endow a well-defined mathematical concept, skill, or insight. The SlateMath methodology offers fun and interactive ways to learn math and develop analytic skills, and is driven by the Common Core Mathematics Standards adopted by 45 U.S. states.
    TheSlateMath series was conceived to address a global frustration with math learning. The company’s breakthrough learning methodologies tap into children’s natural and intuitive learning processes, and help them acquire knowledge and competence constructively, using self-guided as well as teacher-guided exploration. “SlateMath has two purposes,” said Prof. Shimon Schocken , one of the company’s co-founders, “to teach math proper through self-paced and engaging discovery, and to expose children to the ways mathematicians think and reason about the world. We see a tremendous opportunity to use tablet technology and constructive pedagogy to endear math to children, and to help them develop into confident and competent thinkers.”
    The SlateMath series was designed from the ground up for an environment consisting of tablets, cloud computing, and standardized curricula. The series is based on a huge portfolio of modular, richly-indexed, and recombinant educational apps that Slate Science is now developing. Subsets of the SlateMath portfolio can be assembled to support existing textbooks and learning programs as well as the new wave of emerging digital textbooks. The software also adapts the contents dynamically, to address the learner’s revealed strengths and weaknesses in real time.
    “SlateMath is a game changer because it offers a new and innovative approach to teach math. The product is based on an experiential context, hands-on learning, and self-discovery, making the best utilization of the tablet’s touch interface I’ve seen thus far in educational apps. This approach allows children to acquire and understand math ‘in their bones’. The Slate Science technology and learning methodologies are applicable not only to math, but to many other STEM subjects as well,” said Robert Scoble .
    About Slate Science
    Slate Science builds portfolios of educational apps designed to support standard STEM curricula while allowing students to develop, deeply understand, and experience hands-on conceptual learning. The company’s first series of products is SlateMath, intended for the consumer market and aimed to support math instruction according to the Common Core Standards. A school version of SlateMath, intended for classroom use and equipped with a suite of teaching aids, will be released soon. Headquartered in New York, Slate Science has R&D facilities in Israel. The company’s mission is to help students, teachers, and schools reach their highest potential using advanced technology and constructive, hands-on pedagogy.

    Media Contact: Victoria Osorio Indicate Media, 646-396-6091, [email protected]
    News distributed by PR Newswire iReach: https://ireach.prnewswire.com

    SOURCE Slate Science

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  • CPS Renews Credit Facility

    Consumer Portfolio Services has renewed its $100 million revolving credit facility with affiliates of Goldman, Sachs & Co and Fortress Investment Group. Under the amended terms, the facility will revolve during the first two years and will amortize during years three and four.

    PRESS RELEASE

    Consumer Portfolio
    Services, Inc. (Nasdaq:CPSS) (“CPS” or the “Company”) today announced
    that yesterday it renewed its $100 million revolving credit facility
    with affiliates of Goldman, Sachs & Co. and Fortress Investment Group.
    Under the amended terms, the facility will revolve during the first two
    years and will amortize during years three and four. Loans under the
    facility will be secured by automobile receivables that CPS now holds
    or will purchase from dealers.

    “We are pleased to continue our relationship with Goldman, Sachs and
    Fortress, which we have built upon over the last four years,” said
    Charles E. Bradley, Jr., President and Chief Executive Officer. “This
    transaction provides a multi-year funding commitment and an extended
    amortization period thereafter. These features improve our financial
    flexibility across a variety of capital markets’ environments.”

    About Consumer Portfolio Services, Inc.

    Consumer Portfolio Services, Inc. is an independent specialty finance
    company that provides indirect automobile financing to individuals with
    past credit problems, low incomes or limited credit histories. We
    purchase retail installment sales contracts primarily from franchised
    automobile dealerships secured by late model used vehicles and, to a
    lesser extent, new vehicles. We fund these contract purchases on a
    long-term basis primarily through the securitization markets and
    service the contracts over their lives.

    CONTACT: Investor Relations Contact
    Robert E. Riedl, Chief Investment Officer
    949 753-6800

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  • Heritage Group Backs Aviacode

    Nashville-based healthcare investment firm Heritage Group has backed Aviacode. Based in Salt Lake City, Aviacode provides remote medical coding services and software to hospitals and physician offices.

    PRESS RELEASE

    Heritage Group, a Nashville-based healthcare investment firm, today announced a strategic investment in Aviacode, an innovative provider of technology-enabled medical coding services and software. This investment adds to the portfolio of companies for the Heritage Healthcare Innovation Fund (HHIF) and furthers Heritage Group’s mission to fund solutions that meet the needs of its strategic investors.

    Based in Salt Lake City, Aviacode provides remote medical coding services and software to hospitals and physician offices across several settings and specialties. A number of forces currently facing healthcare providers—including the looming ICD-10 transition, persistent reimbursement pressure, and a national shortage of qualified coders—have created a growing need for accurate, high-quality coding. Through its cloud-based platform, Aviacode offers access to a national network of certified coders and provides enhanced productivity, compliance and quality.

    “We are very pleased to partner with Aviacode, which has developed a differentiating technology platform and built a leading medical coding operation over the last decade,” said Rock Morphis, managing director of Heritage Group. “This funding will enable Aviacode to further accelerate its record growth trajectory and increase its capacity to deliver innovative medical coding solutions to new customers. We are proud to be part of that effort.”

    Heritage Group’s strategic investors represent the entire continuum of healthcare delivery, including health systems, payors, post-acute providers, and medical distributors. HHIF’s limited partner base is comprised of Amedisys, Inc., Cardinal Health, Inc., Community Health Systems, Health Care Service Corporation, Intermountain Healthcare, Iowa Health System, LifePoint Hospitals, Memorial Hermann Healthcare System, Trinity Health and Vanguard Health Systems.

    “The Heritage investment is significant to us as a company. It represents not only a financial opportunity to expand our cloud-based technology and coding solutions in the revenue cycle management markets, but also a strategic opportunity to collaborate with experts from within the Heritage limited partnership base. We are already seeing strategic value in those relationships,” said Dave Jensen, CEO of Aviacode.

    Brentwood Capital Advisors served as the financial advisor to Aviacode in this transaction. Terms of the deal were not disclosed.

    About Heritage Group
    Heritage Group is a Nashville-based, venture capital firm with over 25 years of experience financing, operating and advising companies at all stages. Created by a diverse group of the nation’s leading healthcare services firms, the Heritage Healthcare Innovation Fund is a $167M strategic initiative focused on investments in businesses that improve the delivery of healthcare services. For more information, go to www.heritagegroupusa.com.

    About Aviacode
    Aviacode is the industry leader in technology-enabled medical coding services since 1999. Aviacode’s cloud-delivered coding applications, ProCoder™ and ProAuditor™, enable professional medical coders and coding auditors to create consistent, reliable and predictable coding results and document reviews. Aviacode’s proprietary technology and workflow improves the accuracy and efficiency of medical coding, which is the process of translating clinical documentation into diagnosis and procedure codes, which is at the heart of healthcare revenue cycle. These improvements impact hospitals and physician groups profoundly through improved efficiency, increased revenue and strengthened cash flow. For more information, visit www.aviacode.com.

    # # #
    Morgan Ribeiro
    Jarrard Phillips Cate & Hancock, Inc.
    The Horse Barn @ Maryland Farms
    219 Ward Circle, Suite 3
    Brentwood, Tennessee 37027
    p: 615.254.0575
    f: 615.843.8431
    Check out our healthcare leadership blog, High Stakes
    Check out our healthcare marketing blog, Jack of All Trades

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  • Quickly defrag the Windows Registry with Tweaking.com’s Registry Compressor

    Launch Windows, open a folder or file, install, remove or run a program — just about everything you do on a PC results in Windows writing to the Registry. And over time that means the Registry files will grow, as they contain more and more “slack space”, gaps where old entries used to be.

    This isn’t particularly harmful, but it does waste a little memory and hard drive space. And so you might like to try Tweaking.com’s Registry Compressor, a small and simple tool which can defragment your Registry, removing this slack space (nothing else — this isn’t a Registry cleaner) and cutting the files down to size.

    The defragmentation process isn’t particularly difficult or dangerous, but plainly if there is a problem, and the Registry is corrupted, then it could trash your PC. And so we’d recommend caution. Only run Registry Compressor on a system which has been fully backed up. And close down all running programs before you launch it, too (you’ll want to minimize Registry activity while the program runs).

    With that done, fire up Registry Compressor, click Analyze, and after a few seconds it’ll present some figures on how bloated your Registry files might be. This can deliver some apparently dramatic results, with for instance some of the smaller files on our test PC being anything up to 9 times larger than necessary. Overall, though, fragmentation wasn’t a major problem: the total size of our Registry was currently 172MB, and Registry Compressor claimed it could reduce this to 168.99MB, a 1.75 percent saving.

    Still, if your system shows a larger figure — or you’re just thinking that “every little helps” — then all you have to do is click “Compress”. After a second or two (it’s very quick) the program will tell you it’s done, and recommend you reboot. And as we’re not quite sure how this defragmentation will affect processes which are currently accessing the Registry, it’s probably a good idea to do this right away.

    Once our system had restarted, we ran Registry Compressor again, just to see what its analysis revealed now. And sure enough, it seemed to have worked, as our fragmentation had dropped to 0.1MB, or about 0.06 percent.

    Is this worth the effort? We saw no obvious performance improvement, but perhaps that’s because our test system wasn’t too badly fragmented in the first place.

    If you’d like to try Registry Compressor on your own system, though, it’s very quick and easy (a 335KB download, no installation required, no adware), and simply seeing a report on the degree of Registry fragmentation could be interesting. Just be sure you use it with care; backup your system and close programs beforehand, and reboot your system immediately afterwards.

    Photo Credit: Andrew Park /Shutterstock

  • Morning Advantage: Putting an End to Corruption

    In 2010, the U.N. estimates, some $1.5 trillion in bribes wiped out more than 5% of global GDP. And by 2015, this Foreign Affairs article predicts, the total value of goods lost to counterfeiting and piracy will balloon from 2008’s $650 billion to $1.77 trillion.

    But businesses could fight back in the same way they’ve promoted fair labor practices worldwide — that is, by adding anti-corruption policies to their generalized standards of conduct (as Toshiba has already done); detailing behavior expectations for employees, contractors, and other value-chain partners; and instituting management systems covering training, proper contracting practices, supplier due diligence, security strategies, and the like. These would all be geared to answering how-do-you-know questions like “How do you know that one of your suppliers is not illegally obtaining intellectual property that’s ending up in your product?”

    The return on this investment could be very high: The U.S International Trade Commission estimates that if protection for intellectual property rights in China (the worst offender) could be made as strong as they are in the States, the U.S. economy could add as many as 2.1 million full-time workers, $21 billion in exports, and $88 billion in sales to U.S. majority-owned affiliate firms in China.

    ALL GLOBALIZATION IS LOCAL

    Outsourcing Gets Personal (Harpers)

    In 1996, then-Honeywell chairman Larry Bossidy held up an Autolite spark plug to argue for passage of NAFTA. When the 15% tariffs came down between Mexico and the U.S., he said, orders would pour into the Fostoria, Ohio, factory that made the spark plug, swelling the ranks of its 1,100+ employees. In reality, all but 86 jobs were shipped to Mexico, turning Fostoria into a ghost town, as a shrinking tax base led to a failing school system and a sea of for-sale signs. You can see what happened in this 10-minute film that eloquently chronicles the human side of globalization.

    WHAT GOES AROUND

    A Succession System Geared Toward Growth (The Globe and Mail)

    B+H grew from two employees to one of the largest privately held architecture firms in Canada through a clever succession system, which its far-sighted founders put in place in 1980. When new principals buy into the firm, their retirement date is set. When they reach it, the only way they can get their capital back is to sell their ownership units to younger principals. If revenues stay flat, and they can’t bring in new blood, there’ll be no one to sell to. This has spurred principals to find, nurture, and promote the new talent that has grown the business, expanding from 10 principals four years ago to 32, supported by a robust pool of bright planners and designers who can see opportunities to move up.

    BONUS BITS:

    Worth a Thousand Words for Sure

    Wealth Distribution in America in One Mind-Blowing Video (Politizane)

    The First Org Chart (McKinsey Quarterly)

    Using the New Sim City, Six Urban Planners Build the Perfect City (Sort of) (Fast Company)

  • Riverstone to Acquire Utex

    Riverstone Holdings is to acquire Utex from investment funds affiliated with Rhône Capital. Financial terms of the transaction were not disclosed.

    PRESS RELEASE

    Riverstone Holdings LLC (“Riverstone”), a leading energy and power-focused private equity firm, and Utex Industries, Inc (“Utex”), based in Houston, Texas, announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P., in partnership with Utex management, have agreed to acquire Utex from investment funds affiliated with Rhône Capital L.L.C. (“Rhône”). Financial terms of the transaction were not disclosed. The transaction is subject to certain regulatory approvals and is expected to close in April.

    Founded in 1940, Utex is a leading manufacturer of engineered sealing and other specialty products used in a variety of applications and equipment related to onshore and offshore oil and gas drilling and production, power, mining, water treatment, and other industrial sectors. Many of the company’s products are used in severe operating environments, where high pressures and temperatures present particular challenges that require unique and customized solutions. A majority of the company’s products are “consumables” with short life-cycles requiring replacement at regular intervals to avoid failure in critical, capital-intensive applications. For more information, please visit www.utexind.com.

    Mike Balas, CEO of Utex commented, “The management team at Utex is excited to establish this new partnership with Riverstone. We have great respect for the management team of Riverstone who clearly understands Utex’ end markets and long history of providing quality sealing and other engineered products for its customers’ most critical applications. I’d also like to thank the Rhône team for being great partners to Utex over the past few years, fully supporting our business plan and helping us select the perfect partner for the next phase of our growth and development as a company. We look forward to the next phase of Utex’s development with Riverstone as our partner.” Mr. Balas will continue as CEO of Utex following the closing of the transaction.

    John Lancaster, a Partner at Riverstone added, “This investment is consistent with Riverstone’s prior investments in niche manufacturing companies that provide engineered consumable products for which demand is driven by the increasing challenges of deeper, higher-pressure, and more service-intensive oil and gas drilling and production operations. Mike and his talented team have amassed an impressive track record of success and we look forward to partnering with him and the company to build on that record.”

    About Riverstone Holdings LLC

    Riverstone is an energy and power-focused private equity firm founded in 2000 with approximately $24 billion of equity capital raised across seven investment funds, including the world’s largest renewable energy fund. Riverstone conducts buyout and growth capital investments in the midstream, exploration & production, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London and Houston, the firm has committed approximately $21.3 billion to 96 investments in North America, Latin America, Europe, Africa and Asia.

    About Rhône

    Rhône, established in 1996, is a global private equity firm with more than €3 billion under management and a focus on private equity investments in market leading businesses with a pan-European or transatlantic presence and expansion prospects. Rhône’s investment philosophy includes the development of strong, strategic partnerships with the companies in which it invests. Rhône has offices in London and New York and currently holds investments in a diversified portfolio of companies including investments in the consumer, chemical & material, energy, industrial, and shipping industries.

    Contacts:

    For Riverstone Holdings LLC:
    Jeffrey Taufield – Kekst and Company
    212-521-4800

    For Utex Industries, Inc.:
    Mike Balas
    Chief Executive Officer
    281 352-3803

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  • Looker Launches with $2m Funding

    Looker Data Sciences has launched its new query-based business intelligence software platform, Looker, with $2 million in funding. The financing was led by First Round Capital and PivotNorth Capital.

    PRESS RELEASE

    Looker Data Sciences, Inc., announced today the launch of their new query-based Business Intelligence software platform, Looker, with $2M in funding led by First Round Capital and PivotNorth Capital. Lloyd Tabb, a programming languages innovator, Netscape browser war veteran and crowdsourcing pioneer founded Looker.

    “The Looker BI Platform™ is the first solution to simplify the advanced functionality of traditional Business Intelligence once available only to Fortune 500 companies into a single application that can be easily accessed by all,” said Lloyd Tabb, Founder and CEO of Looker.

    The Looker BI Platform is a Business Intelligence tool built for extending data discovery functionality to everyone in the organization to make decisions based on real-time facts. Looker has created a new approach to Business Intelligence called query-based BI. Query-based BI empowers users to be curious, and perform deep analytics across their organization’s entire set of data. From the CEO to the Senior Data Analyst to an Account Manager, everyone can and should use Looker. On the backend, Looker’s approach uses a new modeling language, LookML, which enhances SQL for analytics so end-users can perform powerful analytics without needing to know how a query is written.

    “Previous BI tools are like trying to navigate SQL with a compass and sextant – Looker is the GPS,” continued Mr. Tabb. “We’re huge believers in the power of SQL for analytics, but current Business Intelligence tools don’t empower it to be great. They are either too focused on static or parameterized dashboards, or are complex and laborious, requiring an army of engineers to implement.”

    While operating in stealth mode over much of 2012, Looker has signed more than twenty clients who use its Business Intelligence platform to drive better analytics and improve business operations; one such customer is Simply Hired.

    “As one of the world’s largest job search engines, Simply Hired houses a tremendous volume of data. Looker provides us with the ability to access this data across business functions – from sales to engineering to customer engagement,” said Suresh ‘DP’ Duddi, Vice President of Engineering for Simply Hired. “The Looker BI Platform allows our entire organization to easily dig deep into our data and collaborate on insights that are actionable and critical to our success.”

    Looker is focused on delivering a data discovery platform that is active, agile, and collaborative. This means that company data is available to all employees at the moment of decision, that insights can occur through curiosity and exploration rather than a passive dashboard experience, and all insights reside in a central repository, making cross-functional data accessible to the entire organization via a single tool.

    About Looker

    Looker is a Business Intelligence software company that focuses on the intersection of economics and engineering, helping customers use data to achieve success. Looker is enabling true discovery-driven businesses, one customer at a time. Looker was founded by Lloyd Tabb, Principal Engineer at Netscape and former CTO of LiveOps. Investors in Looker include First Round Capital and PivotNorth. The company is based in Santa Cruz, CA.

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  • Adcade Secures Seed Funds Led by ff Venture Capital

    Adcade, an NYC-based startup in the mobile advertising market, has closed over $1.5 million in seed stage funding led by ff Venture Capital. Other participants in the round include Quotidian Ventures, BHV, Great Oaks VC and a handful of angel investors.

    PRESS RELEASE

    Adcade, an NYC-based startup in the mobile advertising market, today announced that it has closed over $1.5 million in seed stage funding led by ff Venture Capital (http://ffvc.com/). Founded in 2012, Adcade is developing mobile advertising solutions aimed at creating a more interactive, immersive and engaging experience. The company will begin testing its first product, a new mobile/tablet premium rich media ad unit that never takes a user away from a publisher’s site, this month.

    Other participants in the round include Quotidian Ventures, BHV, Great Oaks VC and a handful of angel investors chosen for their expertise in ad tech and proven business acumen. The financing will be used to accelerate business and development of other innovative mobile ad products, including a robust self-service platform, which the company plans to launch later this year.

    “The mobile ad space is primed for innovation,” said Rob Cromer, CEO, Adcade. “It’s painfully clear that desktop ads don’t translate well to mobile devices, and, as mobile continues to grow, publishers need new solutions to monetize. We have built one of the most comprehensive HTML5 Canvas frameworks to-date and, in turn, we believe our ad technology is leaps and bounds ahead of what is currently available in the market.”

    “The simplicity and effectiveness of what Adcade is designing shows great potential, and the management team has done an excellent job creating a scalable product,” said John Frankel, Partner, ff Venture Capital. “We think they are positioning themselves to disrupt a big market.”

    About Adcade

    Adcade aims to bring simplicity, fun and creativity to mobile advertising through engaging, innovative ad units and platforms. Adcade provides publishers with new ways to monetize content, advertisers with new means of cross-platform engagement, and users with intuitive, interactive mobile products. Based in New York City, Adcade was founded in 2012 by CEO Rob Cromer (formerly with Barclay’s Capital); CTO Buzz Wiggins (formerly with Google Inc. Ad Innovations); and COO Rob Prentice (formerly with Perry Ellis).

    Media Contact:
    Karl Pawlewicz
    Director of Communications, Adcade
    [email protected]
    (347) 775.9915
    @Adcade

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  • Handshakez Closes Series A Round

    Handshakez has closed $3.6 million in venture capital financing. The Series A round was led by Austin Ventures with additional investment by First Round Capital, FLOODGATE, CrunchFund, Valhalla Partners and Thinktiv.

    PRESS RELEASE

    Handshakez today announced that it has closed $3.6 million in venture capital financing. The Series A round was led by Austin Ventures with additional investment by First Round Capital, FLOODGATE, CrunchFund, Valhalla Partners and Thinktiv. Handshakez uniquely brings business relationships out of email and into private, collaborative spaces that foster transparency and engagement — and debuts a new class of analytics to predict and drive customer success. Led by Jason Wesbecher, previously VP of Strategic Accounts at Jive Software; Scott Brittain, previously VP Engineering at Solarwinds; and Michael Osborne, previously Chief Revenue Officer at Bazaarvoice, the company is launching with 50 clients live on its collaboration and analytics platform.
    “The act of shaking hands is as old as commerce itself — and signals engagement, trust and balance between two people,” said Handshakez co-founder and CEO Jason Wesbecher. “This engagement has been under enormous strain in the last two decades by CRM technologies that have not kept up with the needs of the modern customer. The term CRM itself is wildly out of touch: customers don’t want to be managed, they want to be engaged. Handshakez is solving this today by humanizing and simplifying front end processes to put the customer at the center of the relationship.”
    Modernizing the Enterprise
    The simultaneous emergence of mobile, social, cloud and big data trends are re-shaping the enterprise and disrupting traditional systems of record. For B2B sales teams, where selling involves a complex maze of people and processes, these systems have not only failed to effectively engage customers, they have created a culture of one-to-one email and time consuming data entry. Handshakez transforms the enterprise front office and leapfrogs systems of record with a collaborative approach that engages clients directly and opens up new vistas for measurement.
    “There is a tremendous opportunity to take customer relationships out of email and bring new levels of collaboration to an age old sales process,” said Thomas Ball, General Partner at Austin Ventures. “Successful enterprise companies like Jive and Yammer have proven that engagement, not record keeping, is the future. Handshakez has what it takes to build an industry-leading company in this space: seasoned leadership, an insider’s understanding of the market, and the vision to re-shape front-end enterprise applications around the customer.”
    Collaboration and Analytics Platform Delivers Results
    The HandShakez collaboration and analytics platform reaches across the enterprise firewall to create private, user-friendly spaces that encourage participation, facilitate interaction and deliver measurable insight into the engagement. Clients using HandShakez can now go far beyond traditional CRM workflows or document sharing solutions to foster engagement and transparency for business relationships with:
    Curated Rich Media Assets: Presentations, financial models, whitepapers, videos and news items are all easily uploaded and organized.
    Highly Social Interactions: Activity streams, @mentions, comments, polls, and LinkedIn integration provide a delightful, collaborative experience.
    Seamless Integration: Pre-built integration with popular enterprise tools including Microsoft Outlook and Salesforce.com to bring new intelligence into traditional reporting.
    Intuitive, Actionable Analytics: Behind the scenes, complex algorithms determine levels of engagement, which is presented as a user-friendly room temperature.
    Handshakez is already delivering measurable success to nearly 50 customers live on its collaboration and analytics platform. Results include:
    Corel, one of the largest software companies in the world with 100 million users, grew deal sizes by 45% with Handshakez. “Selling to the enterprise can be really complex and expensive. Most CRM tools, as it turns out, are focused more on the vendor than the customer. Handshakez has changed that for us in a special way. This has been a huge win for our customers.” – Patrick Nichols, GM of Corel
    Punchh, a social loyalty platform for restaurants, increased sales productivity by 20% with Handshakez. “With Handshakez, our sales team can cut roughly ten hours each week of the tedious administrative tasks of traditional CRM. That time savings is a huge competitive advantage.” – Gregg Carman, SVP Sales for Punchh
    AlterPoint, a network governance provider, boosted renewal rates by 10% with Handshakez. “We manage 1,000 renewals each year. Before Handshakez, we largely used intuition to determine likeliness of renewal. Now, we not only have an objective way to measure the temperature of each client, but we know who is a good upsell candidate.” – Danielle Royston, CEO of AlterPoint
    “The CRM system alone needs to serve more as a means rather than an end goal of salesforce automation,” said Peter Ostrow, VP of Sales Effectiveness at Aberdeen Group. “Using a private showroom to regularly add relevant business content rather than just email effectively allows a salesperson to demonstrate sincerity, expertise, and the impression that they actually care about their customer’s eventual success.”
    About Handshakez
    Handshakez is pioneering a new class of front end enterprise applications built around the customer. Led by a team of enterprise software veterans, Handshakez offers a collaboration and analytics platform that brings business relationships out of email and into private collaborative spaces, fostering engagement and innovating new analytics to predict and drive customer success. The company is headquartered in Austin, Texas and is privately held with funding from Austin Ventures, First Round Capital, FLOODGATE, CrunchFund, Valhalla Partners and Thinktiv.

    The post Handshakez Closes Series A Round appeared first on peHUB.

  • Reuters – Facebook Taps Genentech Veteran for Board

    Facebook has appointed a former Genentech executive to its board of directors, writes Reuters. Susan Desmond-Hellman, the Chancellor of the University of California, San Francisco, becomes Facebook’s ninth director and the second woman on its board.

    Reuters – Facebook Inc appointed a former Genentech executive to its board of directors on Wednesday, the social networking company’s latest move to expand its boardroom following its initial public offering last May.

    Susan Desmond-Hellman, the Chancellor of the University of California, San Francisco, becomes Facebook’s ninth director and the second woman on its board.

    A former president of product development at Roche Group-owned biotechnology company Genentech, Desmond-Hellman also sits on the board of directors of Procter & Gamble Co.

    Facebook Chief Executive Mark Zuckerberg cited Desmond-Hellman’s experience shaping public policy and operating public companies.

    Desmond-Hellman will serve on the board effective immediately, but will have to be elected by shareholders, along with the other Facebook directors, at the company’s annual meeting in June.

    Facebook Chief Operating Officer Sheryl Sandberg joined Facebook’s board in June 2012, a month after the company’s rocky initial public offering.

    The world’s No. 1 online social network became the only U.S. company to debut with a market value of more than $100 billion. But its shares plunged more than 50 percent in the months after the IPO on concerns about its long-term money making prospects.

    Facebook shares have rebounded roughly 56 percent from their 52-week low, finishing Wednesday’s regular trading session at $27.45.

    (Reporting By Alexei Oreskovic; Editing by Alden Bentley)

    The post Reuters – Facebook Taps Genentech Veteran for Board appeared first on peHUB.

  • Live blog: Facebook’s News Feed redesign event

    There’s not much debate about what’s going to take place Thursday morning at Facebook’s headquarters in Menlo Park, Calif.: the company has already said that it’s going to unveil an update to its service’s News Feed, the most vital part of the Facebook experience and one that hasn’t seen an update in quite a while.

    But we’re still not sure exactly how Facebook might change the design and/or features of this service. Until the event starts at 10am PT, check out my thoughts on the things Facebook really shouldn’t break in this update.

    Facebook News Feed redesign invite

    Related research and analysis from GigaOM Pro:
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  • It’s now clear: Obama intends to use drone strikes to kill American journalists and political enemies

    President Obama plans to use military drones in the skies over the United States to assassinate journalists, patriots and critics of his administration. That’s the inescapable conclusion from the emerging pattern of evidence now publicly available — keep reading for…
  • 100% organic, non-GMO, non-China, Freeze-Dried fruits and vegetables now available from Natural News Store

    Two years ago, I was trying to purchase a long-term storable freeze-dried, non-GMO, certified organic corn and I was shocked to realize there isn’t any sold at retail! As you probably already know, freeze-drying is the No. 1 best method for preserving foods. It pulls…
  • Stand with Rand! Sen. Rand Paul takes determined stand against insanity of Obama’s claimed power to kill Americans

    What kind of President refuses to say he will not kill Americans sitting in a cafe in Seattle, or walking down the street in Los Angeles, or driving a tractor on a farm in Texas? A President who respects no law and no rights of citizens as described in the Constitution…
  • Is this peptide a key to happiness?

    What makes us happy? Family? Money? Love? How about a peptide?
     
    The neurochemical changes underlying human emotions and social behavior are largely unknown. Now though, for the first time in humans, scientists at UCLA have measured the release of a specific peptide, a neurotransmitter called hypocretin, that greatly increased when subjects were happy but decreased when they were sad.
     
    The finding suggests that boosting hypocretin could elevate both mood and alertness in humans, thus laying the foundation for possible future treatments of psychiatric disorders like depression by targeting measureable abnormalities in brain chemistry. 
     
    In addition, the study measured for the first time the release of another peptide, this one called melanin concentrating hormone, or MCH. Researchers found that its release was minimal in waking but greatly increased during sleep, suggesting a key role for this peptide in making humans sleepy.
     
    The study is published in the March 5 online edition of the journal Nature Communications.
     
    “The current findings explain the sleepiness of narcolepsy, as well as the depression that frequently accompanies this disorder,” said senior author Jerome Siegel, a professor of psychiatry and director of the Center for Sleep Research at UCLA’s Semel Institute for Neuroscience and Human Behavior. “The findings also suggest that hypocretin deficiency may underlie depression from other causes.”
     
    In 2000, Siegel’s team published findings showing that people suffering from narcolepsy, a neurological disorder characterized by uncontrollable periods of deep sleep, had 95 percent fewer hypocretin nerve cells in their brains than those without the illness. The study was the first to show a possible biological cause of the disorder.
     
    Since depression is strongly associated with narcolepsy, Siegel’s lab began to explore hypocretin and its possible link to depression. 
     
    Depression is the leading cause of psychiatric disability in the U.S, Siegel noted. More than 6 percent of the population is affected each year, with lifetime prevalence exceeding 15 percent. Yet the use of antidepressants, such as selective serotonin reuptake inhibitors (SSRIs), has not been based on evidence of a deficiency, or excess, of any neurotransmitter. Several recent studies have questioned whether SSRIs, as well as other depression-fighting drugs, are any more effective than placebos.
     
    In the current study, the researchers obtained their data on both hypocretin and MCH directly from the brains of eight patients who were being treated at Ronald Reagan UCLA Medical Center for intractable epilepsy. The patients had been implanted with intracranial depth electrodes by Dr. Itzhak Fried, a UCLA professor of neurosurgery and psychiatry and a co-author of the study, to identify seizure foci for potential surgical treatment. The location of electrodes was based solely on clinical criteria. The researchers, with the patients’ consent, used these same electrodes to “piggyback” their research. A membrane similar to that used for kidney dialysis and a very sensitive radioimmunoassay procedure were used to measure the release of hypocretin and MCH.
     
    The patients were recorded while they watched television; engaged in social interactions such as talking to physicians, nursing staff or family; ate; underwent various clinical manipulations; and experienced sleep–wake transitions. Notes of activities were made throughout the study every 15 minutes in synchrony with a 15-minute microdialysis sample collection by a researcher in the patients’ rooms.
     
    The subjects rated their moods and attitudes on a questionnaire, which was administered every hour during waking.
     
    The researchers found that hypocretin levels were not linked to arousal in general but were maximized during positive emotions, anger, social interactions and awakening. In contrast, MCH levels were maximal during sleep onset and minimal during social interactions.
     
    “These results suggest a previously unappreciated emotional specificity in the activation of arousal and sleep in humans,” Siegel said. “The findings suggest that abnormalities in the pattern of activation of these systems may contribute to a number of psychiatric disorders.”
     
    Siegel noted that hypocretin antagonists are now being developed by several drug companies for use as sleeping pills. The current work suggests that these drugs will alter mood as well sleep tendency.
     
    The Siegel lab has also previously reported that hypocretin is required for the “pursuit of pleasure” in rodents but plays no role in avoidance behavior.
     
    “These results, in conjunction with the current findings, suggest that hypocretin administration will elevate both mood and alertness in humans,” Siegel said.
     
    Other authors on the study were Ashley M. Blouin, Charles L. Wilson, Richard J. Staba, Eric J. Behnke, Hoa A. Lam, Nigel T. Maidment, Karl Æ. Karlsson and Jennifer L. Lapierre. Funding was provided by National Institutes of Health grants MH064109, NS14610, NS33310 and NS02808 and by the Medical Research Service of the Department of Veterans Affairs.
     
    The UCLA Department of Psychiatry and Biobehavioral Sciences is the home within the David Geffen School of Medicine at UCLA for faculty who are experts in the origins and treatment of disorders of complex human behavior. The department is part of the Semel Institute for Neuroscience and Human Behavior at UCLA, a world-leading interdisciplinary research and education institute devoted to the understanding of complex human behavior and the causes and consequences of neuropsychiatric disorders.
     
    For more news, visit the UCLA Newsroom and follow us on Twitter.

  • Homeless in San Francisco, AirBnB founder eats his dog food

    I am still homeless (most of the time), and living on @Airbnb. Permanent residences are for families.

    AirBnB CEO & co-founder Brian Chesky via Twitter

    A video conversation with Brian Chesky from our archives:

  • Doing that one thing

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    Over past few days I have been dealing with a flu-gone-wild. It is not exactly the way I wanted to spend my days, but sometimes cold happens. The good news, if there can be any, is that I had a lot of time on my hands to watch a lot of video. In my case it is usually one of the four shows: Wallander, Sherlock Holmes (with Jeremy Brett), Poirot and House M.D. It is mostly House MD, because well, I am a House MD junkie.

    As luck would have it, I was watching season one (for probably the 25th time) and came across  probably my favorite episode — DNR– where John Henry Giles, a saxophonist, falls sick. He goes to the hospital. There is a lot of drama, and somewhere along the way he tells Dr. House:

    The reason normal people got wives and kids and hobbies, whatever. That’s because they don’t got that one thing that hits them that hard and that true. I got music, you got this. The thing you think about all the time, the thing that keeps you south of normal. Yeah, makes us great, makes us the best. All we miss out on is everything else.

    One Thing

    When I look back at my own life as a writer, I somehow related to that “one thing” theory. Sometimes I wonder if that is my curse. But mostly I think of it as my blessing. Thinking, obsessing, composing — writing it all down on crevices of my brain before putting it to paper (or computer.) There are days when I fall asleep thinking about a story, only to find the entire story appearing magically which I am asleep and getting up in the middle of the night and writing it all down on a piece of paper that always is next to my bed. It is a process that is all-consuming.

    It is that “one thing” that made me read and re-read magazines, books and anything I could get my hands of in the 1980s India and learn how to write. Not just write, but think and write and write. It mattered to me more than anything — love, family, home and even my own identity.

    I didn’t do it because I thought I would make some money or get paid to do it. Thirty-five years later, I still do it because I don’t really have a choice, because I don’t really know any other way. Writing, painting, creating –creators don’t do it because they want to make money. Creativity is not a profession, it is a gift. It was, is and always will be a very selfish act.

    And the reason why I bring this up is because of the raging debate around writers, freelancers and how they are getting paid. I am bringing this up because of all the handwringing about the changing landscape. When I see all the arguments — whether it is Nate Thayer’s story about The Atlantic editor asking him to write for free in exchange for exposure, or The Atlantic’s Alexis Madrigal’s story of being a digital editor/writer or Felix Salmon’s unvarnished truth about the problems of online journalism – I empathize with each and every one of them. (My colleague Mathew Ingram has his nuanced take on the situation, and is worth reading.)

    End of freelance?

    Why? Because I sat on all four sides of this table. I have been an unpaid freelancer. I was a mistreated poorly paid staffer. And I was also employed by a magazine that was gorging at the dot-com orgy. And thanks to a lucky set of circumstances, I have been an employer. I have written for the paper and I have written for digital. I have been paid and I have been the payer. I have been a writer and a businessman.

    What my changing roles have made me aware of is the reality of today’s media business (something we’ll be talking about at our paidContent Live conference on April 17 in New York). Back in the day when it was an all- print business, the newspapers were always looking for ways to fill pages to support more advertising. More advertising meant more broadsheets to fill and more money to spend on whatever went next to advertising.

    Magazines charged a heck-of-a-lot more money than papers. The more ads they sold, the more money they doled out to the writers. If I remember, one of the Red Herring issues in 2000 put Bride magazine to shame. It was full of so many ads that I had to work on four stories for the issue — just to support the advertising. I was not privy to the freelance budget but the freelancers at Red Herring were getting paid quite handsomely. Then, advertising vanished and so did the freelance money and eventually the publications themselves.

    In other words, the spending on editorial was in direct correlation with the advertising dollars. Today, the ad dollars are hard to find, both in print and on the web. Sure, more dollars are being shoveled towards online properties, but then there are more zebras around this pond. Media publications are fighting with YouTube, Twitter, Facebook, Google and Amazon for ad dollars. But, then you knew that already.

    Frankly, it sucks. Not just sucks, it royally sucks. It boils my blood just thinking about the changes — but change it is and one has to live with it. And that is the biggest reality of our times.  Maybe the reality of this post-blogging, post-Twitter world where words exist for mere minutes, freelance writing isn’t an option anymore. As Felix Salmon so eloquently writes:

    The lesson here, then, is not that digital journalism doesn’t pay. It does pay, and often it pays better than print journalism. Rather, the lesson is that if you want to earn money in digital journalism, you’re probably going to have to get a full-time job somewhere.

    My personal view, shaped by the my own experience, is that if you are going to take freelance contributions, then pay something — just as a sign of respect (if not the true worth) of a writer’s capability.

    We have used freelance writers in the past and have always paid them — not a lot because we didn’t have a lot — but then we came to the conclusion that it didn’t really make sense in today’s always-on, constantly updating media ecosystem. We tried the monthly contract model but in the end decided that we want to adopt an in-house model. Today we have a few guest writers who write because of their love of our site and they do it for free. But we are still a team of our own.

    Brave old (new) world

    The reasons are actually pretty simple. Our roots are in blogging and we have a certain view of the world. In order to keep a consistent voice (not editorial style), we need to have a team that has an ability to look at the world through the same lens. That identifies us to our community of readers and it also helps us stay true to who we are and what we believe in. And most importantly it allows us to build a metabolic rate that suits us and create products that make sense to us.

    We know that advertising isn’t the golden gateway, so we decided to go the way of paid content via our research business. And because we don’t put all our eggs in advertising, it means that we don’t have to be beholden to the heroin of page views and pray at the temple of traffic.  Others chose to do things differently — but we have decided to go down a different path.

    Tomorrow, if they take everything away from me — the company, the job, the fame, the money — and leave me with a piece of paper. I know I will be 15 again, I will still write. And I still will have a reason to live. Just like Nate, Alexis, Felix and every other writer who gets up every morning to do that one thing… just one thing.

  • How graphene antennas could pave the way for terabit wireless data speeds

    Graphene Antenna Research
    While gigabit Wi-Fi seems to be all the rage these days, some researchers at Georgia Tech are working on new technology that makes even the fastest wireless networks look like dial-up in comparison. Technology Review reports that Georgia Tech’s broadband wireless networking laboratory has been experimenting with making antennas out of graphene,  a two-dimensional “super-material” that measures just one atom thick and has been described by Nokia (NOK) as the “strongest material ever tested, having a breaking strength 300 times greater than steel.” But while a lot of attention has been paid to graphene’s potential for manufacturing incredibly thin and light gadget casings, the researchers at Georgia Tech are using it to create an antenna capable of transmitting data at a rate of a terabit per second.

    Continue reading…