October 2007
DFJ Raises $290 Million Growth Fund
Draper Fisher Jurvetson has closed its debut growth fund with $290M in capital commitments. With 5 companies (Visto, Raydiance, Kajeet, UUSEE and Solar City) already in its portfolio, the DFJ Growth Fund will focus on "large opportunity" growth-stage private technology companies that have completed the initial development stage and are generating revenue. The new fund will bring the considerable operating experience of its team to assist portfolio companies to achieve large scale. Visit the DFJ Growth website at http://www.dfjgrowth.com.
Oct 25 | Permalink
Carnegie Learning Launches Higher-Level Math Software
Carnegie Learning launched its pre-Algebra and Algebra software solution for the higher education market. Designed to help college freshmen and sophomores reach competency levels for entrance into college-level math courses, the higher education software solutions are available immediately for use in January 2008. Key features of the software include adaptive learning technology, assessment tools and flexible sequencing to allow instructors to move students to specific units and through multiple course levels. A sample of the software's features and functions may be viewed at www.carnegielearning.com/highered.cfm and will be demonstrated at the American Mathematical Association of Two-Year Colleges Conference in November.
Oct 23 | Permalink
Allient System Receives FDA 510(k) Clearance
Renal Solutions has received 510(k) clearance from the US Food and Drug Administration for its Allient(R) Sorbent Hemodialysis System in chronic and acute hemodialysis applications. The new system features improvements in ease of manufacturing, service and user-friendliness. In preparation for the Allient System commercialization, Renal is also launching its SMARRT(TM) platform and campaign, which will introduce the benefits of advanced sorbent therapy to the renal community. For more information, read the press release here, and visit www.renalsolutionsinc.com.
Oct 23 | Permalink
Mike Stubler to Present at OVA Luncheon Meeting
Mike Stubler will participate in a luncheon panel discussion sbout the state of the venture capital industry in Ohio and Northeast Ohio on Friday, November 8, 2007 from 11:30-1:30 at the Union Club. The discussion, "The Quiet Recovery: The Role of Venture Capital in an Entrepreneurial Economy," is being presented by The Ohio Venture Association and is open to members and non-members. Visit www.ohioventure.org for more information or to register.
Oct 23 | Permalink
Columbiana County Board of MR/DD Chooses CH Mack
The Columbiana County (OH) Board of Mental Retardation and Developmental Disabilities (MR/DD) has chosen CH Mack's Q Continuum System for its case management needs. The Q Continuum System contains a complete suite of functions supporting "best in class" case management processes utilized by today's leading health and human service organizations. CH Mack and Q Continuum System provide a total solution which will fulfill the Columbiana County Board of MR/DD's care management needs well into the 21st century. Read more at www.chmack.com.
Oct 18 | Permalink
Pittsburgh Technology Council Announces Tech50
Both Aethon and BitArmor Systems were honored by the Pittsburgh Technology Council, as being among the region's 50 leading technology-oriented companies within the 13-county area of southwestern PA. Each year, the Tech50 event honors those technology companies that demonstrated the strongest growth and advancement in product or sales success, financial strength, corporate citizenship, job growth and rentention and innovative product or technology. Aethon was a finalist in the Advanced Manufacturing category, and BitArmor in the Rising Star category. Read more about the 2007 Pittsburgh Technology 50 at www.pghtech.org.
Oct 18 | Permalink
Aethon Wins Cisco Award
When Cisco announced the grand-prize winners for the 8th Annual Cisco Growing with Technology Awards, Aethon came out on top in the Innovators in Operational Excellence category. The awards program was created to recognize small to midsized organizations that use networking technology in creative ways to promote products and services, deliver superior value to customers, inprove internal operations, conduct online transactions and extend the geographical reach of their services. The winners were selected from 570 applications. Congratulations, Aethon!
Oct 11 | Permalink
Inspired Technologies Works to Make Breathing Easier
Inspired Technologies (formerly COPD Partners) received regulatory clearance for a medical device, VIAspire, that uses liquid oxygen to help oxygen-dependent patients continue with their quality of life. Liquid oxygen is lighter in weight and lasts longer than traditional cylinders of oxygen, and VIAspire uses it to deliver more oxygen as a patient's mobility increases, reducing feelings of breathlessness. A second device, The Portable, works with VIAspire to make the oxygen supply portable, and is expected to receive FDA approval soon.
Oct 11 | Permalink
TEQ Interface: Tom Futch, BodyMedia
In the September, 2007 edition of TEQ Magazine, Tom Futch, VP Sales & Marketing for BodyMedia, talks about obesity, the healthcare crisis and how BodyMedia is uniquely positioned to fill the information needs of both doctors and patients as we all work toward a healthier lifestyle. With the launch of SenseWear WMS, healthcare facilities and their patients can track vital health indicators (glucose, blood pressure, daily nutrition, sleep patterns and more) using three components (armband, display and website) to get an accurate picture of "true" lifestyle. Read the full interview on the Tech Council website.
Oct 11 | Permalink
BodyMedia Receives Patent No. 7,261,69
BodyMedia has been awarded patent no. 7,261,69 for "apparatus for monitoring health, wellness and fitness." The present invention relates to a system for monitoring health, wellness and fitness, and in particular, to a system for collecting, using a sensor device, and storing at a remote site data relating to an individual's physiological state, lifestyle and various contextual parameters, and making such data and analytical information based on such data available to the individual, preferably over an electronic network. In addition, the present invention also relates to an apparatus for monitoring health, wellness and fitness, and in particular, to an apparatus including one or more sensors for collecting and storing data relating to an individual's physiological state and various contextual parameters, and making such data and analytical information based on such data available to the individual.
Oct 9 | Permalink
Plextronics Receives "Energy Innovator" Award
The U.S. Department of Energy has bestowed a coveted "Energy Innovator" award to Plextronics for its pioneering work in organic photovoltaics. Congratulations!
Oct 2 | Permalink
San Diego Adopts Bridge to Algebra
As part of the San Diego Unified School District's (SDUSD) plan to improve Adequate Yearly Progress (AYP) in 11 middle and high schools, it has purchased Carnegie Learning's Cognitive Tutor Bridge to Algebra program. The $177,000 purchase is part of a Program Improvement plan supported by SDUSD's Education Technology and Mathematics Departments. AYP is an accountability system mandated by the Federal No Child Left Behind Act, which requires every state to ensure that all schools and districts make Adequate Yearly Progress. The San Diego schools include Kroc, Farb, Marston, Pacific Beach, Taft, Correia, Mann Expedition, Wilson and Clark Middle Schools, as well as Roosevelt and Bell Junior High Schools.
Oct 2 | Permalink
