High Technology News and Information for the Pacific Northwest Region
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High Technology News and Information for the Pacific Northwest Region |
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 Wednesday, July 1, 2009 Prometheus Energy Gets $10M Prometheus Energy, a developer of technology to convert emissions from landfills into liquid natural gas, has raised $10M out of a $20M equity fundraise, according to a regulatory filing by the firm earlier this week. According to the filing, the funding includes investments from Kenda Capital, the investment firm of Shell Technology Ventures Fund. As part of the filing, the company disclosed that the remaining $10M in the funding round will be issued upon achieving certain milestones in the nex (More info...) posted on Wednesday, July 1, 2009(Full story) Microsoft Starts Indexing Tweets Microsoft's new search engine, Bing.com, will begin indexing Twitter messages ("tweets") from well known technology notables and celebrities, the firm said today in a post from the Bing team. According to Microsoft, it would begin including Tweets from people like Danny Sullivan and Kara Swisher, as well as Al Gore, Ryan Seacrest, and others in its search results. The firm said it is not indexing all of Twitter, but is only indexing people based on follower count and volume of tweets. posted on Wednesday, July 1, 2009(Full story) Zillow: Traffic Up 67 Percent This Year Seattle-based real estate site Zillow.com is reporting today that the firm saw a 67 percent, year-over-year growth in traffic on the site. The firm said it broke "multiple records" for site traffic and user activity during the first half of the year, attributing the spike in interest at the firm into homeowners looking to find both real estate listings, as well as information about their homes. Zillow said that home price drops and constantly changing mortgage rates, plus the firm's Zillo (More info...) posted on Wednesday, July 1, 2009(Full story) Strands Adds ING Corvallis, Oregon-based Strands has scored another win in the personal finance market, saying yesterday that it has been selected by ING for their customers in the Netherlands. Strands, which operates a personal finance product used to monitor spending, finances, and budgets, said that ING will offer the firms' product to customers. The software is currently in a limited, private beta, but Strands said ING plans to offer it to its online customers in the Netherlands. Financial impact of t (More info...) posted on Wednesday, July 1, 2009(Full story) PhysioSonics Confirms $2.0M Fundraising Bellevue-based PhysioSonics officially confirmed the firm's recent $2.0M financing in a second tranche of a Series A this morning, saying that the funding came from an unnamed strategic investor. The firm said the follow on investment brings its total Series A funding to $6.0M. PhysioSonics is developing technologies for the life sciences market, including an ultrasound-based neuromonitor. The firm said the new funding will go towards commercialization of its product. The funding had been (More info...) posted on Wednesday, July 1, 2009 (More)(Full story) VirtenSys Announces Virtual Storage Product VirtenSys Ltd., a developer of hardware for the virtualization market, said today that the firm has shipped a product which allows servers to share RAID-based storage adapters. The firm--which is based in the UK but has operations in Beaverton, Oregon--said the product allows multiple physical servers to use a single, LSI Host Bus Adapter (HBA), which helps reduce data center operational expenses and power consumption. Virtensys is looking do create "virtual" I/O capabilities on servers, (More info...) posted on Wednesday, July 1, 2009(Full story) Venture Backed Liquidity At Six Year Low Last quarter was not a good quarter for venture liquidity, Dow Jones VentureSource is reporting today. Dow Jones said that Q2 was a six year low for exits for venture-capital backed firms, with only $2.8 billion in liquidity events -- mergers and acquisitions or IPOs -- for companies who have received venture funding. The numbers are down 57% from last year. Dow Jones said there was $2.57 billion in mergers and acquisitions of 67 companies in Q2, down from $6.48B and 89 transactions in Q2 of 200 (More info...) posted on Wednesday, July 1, 2009(Full story) NetVersant Sells Business Unit Everett, Washington-based NetVersant Solutions LLC, has sold its Avaya business unit to a California-based firm, the buyer announced Tuesday. Financial terms of the deal were not disclosed. Headquartered in Fullerton, Calif., Altura Communication Solutions provides voice and data communication services based on Avaya's Voice-over-IP software. Bob Blazek, Altura's president and chief executive officer, described his company as one of Avaya's largest resellers and said the acquisition will (More info...) posted on Wednesday, July 1, 2009(Full story) |
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