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Source: economictimes.indiatimes.com --- 8 days ago
UK-based back office services provider Xchanging Plc has agreed to acquire 75 per cent stake in IT services Firm Cambridge Solutions for about 83 million pounds (Rs 686.84 crore). ... Source: www.moreover.com --- 9 days ago
Xchanging Plc, the UK provider of back-office services, said today that it had agreed to buy 75 per cent of Bangalore-based Cambridge Solutions Ltd for £83 million (Rs 688 crore) in stock and cash. Also Read News Now Also Read Also Read The UK Firm will ... Source: feeds.business-standard.com --- 5 days ago
Cambridge Solutions was locked at the 5 per cent upper circuit and closed on Monday at Rs 62.35. This price spike follows a 75 per cent acquisition in the company by UK-based BPO Firm Xchanging for 83 ... Source: en.wikinews.org --- 8 days ago
Law Firm tries to ban new book by Cambridge Press ... Source: www.wickedlocal.com --- 3 days ago
Hoping to reinvigorate its stagnant direct marketing segment, Talbots Inc. has hired a Cambridge company to redesign the Web sites of its Talbots and J. Jill brands. Art Technology Group Inc. is building a new Web platform that will enable Talbots to make changes to its Web pages in a matter of hours rather than days. ATG’s technology enables merchandising managers to change product listings on the Web site directly, rather than submitting them to the information technology department. That lets retailers take better advantage of hot sales trends, said Bill Zujewski, ATG’s vice president of marketing. “They wanted to put more of the site control in the hands of their businesspeople,” he said. “They were dependent upon IT for almost everything.” The Hingham-based women’s clothing retailer is in the midst of a three-year restructuring effort, including the closure of all of its Talbots Mens and Talbots Kids stores. In the first six months of 2008, Talbots and J. Jill had $209 million in sales from their Web sites and catalogs, up 1 percent from the same period in 2007. ATG provides Web site hosting for national retailers such as Neiman Marcus and American Eagle Outfitters. It concentrates on improving “conversion rates” – Web-speak for turning browsers into buyers. Talbots executives asked ATG to make it easier to find products on its Web site, Zujewski said. Customers will be able to filter product searches by price and color, for exa ... Source: www.businessweekly.co.uk --- 41 days ago
One of the UK’s most historically influential agricultural breeding centres is to move out of its long-time home in Trumpington to... ... Source: www.boston.com --- 10 days ago
Babson College, the Wellesley school that has a focus on training future entrepreneurs, said today that Canditto won the first-place $30,000 prize in its innovation competition. Canditto is a Cambridge Firm that rents out kiosks for events such as... ... Source: government.zdnet.com --- 40 days ago
Even as iRobot won a wide-open contract with the Army, the company’s part-time CTO, Rodney Brooks, left the company to start a new robotics Firm, Cambridge-based Heartland Robotics. The new company is focused on industrial robotics, which logic would dictate would put factory workers out of work. But Brooks’s robots will be “empowering.” I want to [...] ... Source: www.businesswire.com --- 36 days ago
Cambridge, Mass.--(BUSINESS WIRE)--BBN Technologies, an advanced technology solutions Firm, announced today that it will develop a soldier-wearable shooter detection system in partnership ...
Source: www.contentsutra.com --- 43 days ago
US-based Vanu Inc , maker of software radios and base stations for cellular operators, has raised $32 million from Tata Capital, Norwest Venture Partners and existing backer Charles River Ventures (CRV), reports PeHub. This is a strategic investment on part of Tata's as Vanu's product will have application for its telecom services arm. Last year, Vanu had raised $9 million in Series A investment round led by CRV. Vanu is headed by Dr Vanu Bose,the son of Amar Bose of Bose acoustics fame, and is based out of Cambridge, Massachusetts. The Firm also has business development centers in Bangalore, Gurgaon and Mumbai. An MIT graduate, Vanu Bose had helped develop software solutions that allow operators to switch from one standard from GSM to CDMA. The Firm, which was formed in 2003, is now planning to take this application to the 3G and 4G level. Vanu's Firm has also been awarded the first software radio access network (RAN) by the United States Federal Communications Commission (FCC). This story was provided by our content partner VCCircle Social Media Deals Report: This 199-page report, filled with charts and data, examines the categories, number and size of VC and M&A deal in social media from 2007 through 2008. Visit the ContentNext Reports page ...
Source: network.nationalpost.com --- 9 days ago
Canwest News Service TORONTO — The 37-year-old Toronto investment Firm employee charged in connection with the “Exchange Bandit” series of bank robberies waved and smiled at friends during his first court appearance Saturday morning. Kevin John Pinto was charged with 10 counts of robbery after surrendering to Toronto police Friday, a day after the Canadian Bankers Association issued a bounty of $10,000 for the capture of the so-called “Exchange Bandit” said to be behind 26 bank robberies across southern Ontario since 2003. Pinto’s bail hearing was put over to Monday by the court. More charges from other regions are expected, reports said. Paradigm Capital released a statement Friday announcing they had suspended Pinto’s employment with the Firm, where he worked as a compliance officer. “Paradigm is in the process of alerting relevant regulatory authorities. Paradigm has initiated an internal investigation, but has no reason to believe that any of its records, securities or clients’ funds have been compromised,” said the company in the statement posted on their website. Paradigm has offices in Toronto and Calgary. Toronto police believe the heists began in the Toronto and Peel regions in 2003 and continued in 2004 before a pause in 2005 and 2006. Robberies committed by a suspect matching the description of the culprit in the earlier incidents began in March 2007 in Toronto, Cambridge and Oakville. The latest robbery occurred in To ... Source: www.editorsweblog.org --- 11 days ago
Cambridge-based Firm Liquivista announces that it will be developing electronic newspapers over the next three years, with £12 million backing the project. The web developer plans to build full-color interactive e-paper reader that will resemble an A4 piece of paper and will feature audio and video content, according to the Press Gazette . ... Source: www.xconomy.com --- 12 days ago
Ironwood Pharmaceuticals has raised $50 million in a deal led by Morgan Stanley Investment Management and joined by many of its previous investors, the Cambridge, MA-based Firm announced today. The company plans to use the cash to, among other things, help move its irritable bowel syndrome treatment linaclotide through Phase 3 clinical trials. Ironwood was [...] ... Source: www.xconomy.com --- 12 days ago
Idera Pharmaceuticals (NASDAQ:IDRA), a Cambridge, MA-based biotech Firm, reports that results of the first portion of a phase 2 clinical trial of a drug called IMO-2055 in patients with a recurrent form of kidney cancer show the treatment failed to have a desired impact on tumor size. Still, investment Firm Rodman & Renshaw analysts maintained [...] ... Source: www.wickedlocal.com --- 13 days ago
New emissions tests, medical data and expert opinion didn’t satisfy residents who turned out Monday night for another Aggregate Industries hearing. “It all seems very professionally done,” said resident Matthew Cilento. “But when you look at it closely it's a farce.” Aggregate is seeking permission from the Board of Selectmen to roughly double the capacity of asphalt and fuel tanks at its Littleton Road asphalt plant. The board has held a series of hearings on the expansion, allowing a contingent of residents to voice their suspicions about plant pollution and cancer. On Monday night, Aggregate presented the results of a selectmen-ordered smokestack test, demonstrating that its emissions were well below state mandated levels. One by one, citizens took to the podium and assaulted the test’s results, arguing that Aggregate paid for the procedure and might have influenced the outcome. “They go into this saying the test was performed to demonstrate compliance, so they went into this saying they need to make them pass,” said Littleton Road resident John Wojcik, pointing to the study's written introduction. “These are the very first words out of their mouths. You don’t have an independent study start out by saying that.” To defend the report, Aggregate brought out its star witness: Toxicologist Laura Green of Cambridge Environmental, an environmental consulting Firm. “Guys who test for a living are not English majors. A lot of the writi ... Source: www.fiercebiotech.com --- 11 days ago
Biogen Idec may join the exodus of biotech companies leaving Cambridge, MA and move its corporate HQ on out to the suburbs. CEO Jim Mullen ( photo ) says there's a pretty simple reason why the biotech giant may relocate to Weston: money. "It's sort of the natural evolution of these things," Biogen Idec chief executive Jim Mullen tells the Boston Globe . "The cost of running a business in Cambridge is pretty high." Mullen plans to make a Firm decision by the end of the year. Cambridge, MA has developed into a thriving biotech hub largely because of the world-class scientific talent in town. But more than a half dozen biotech companies have left Cambridge in the past year to take advantage of the lower operating costs of the ‘burbs. Mullen made it clear, though, that whatever happens to the company's corporate workers, Biogen Idec's R&D work will continue to stay close to MIT, so it can retain and recruit the brainpower it needs. - read the report from the Boston Globe Related Articles: Cambridge biotechs head for the (cheaper) 'burbs Developer blueprints $1B Cambridge biotech complex Biogen Idec sale could have big impact in Boston Lilly CEO: Pharma will snub Boston ... Find more results for Cambridge Firm on RSSMicro.com |
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We hadn't heard about Ambient Devices for a long time now, but it is back in news: the "information orb" and datacasting company has received its first institutional round of funding, seven years after its launch. The company has received an undisclosed amount from Boston-based early stage VC Firm .406 Ventures . Besides the initial color-changing info orb which gained some buzz when it launched in 2003, the Cambridge, MA-based company has since launched some new products such as Baseball and Football ScoreCast, the Market Maven, the 7-Day Forecaster, and the Ambient Umbrella, all focused on delivering pithy data/information on these wireless devices. The new money will be used to speed up product development, brand awareness and market penetration for its dedicated wireless information displays, it said. More details in release . Related Will Ambient Devices Catch On? Ambient Adds Content Providers; Launches Dashboard Check out the best business jobs in digital media. Go here for paidContent.org Job Board. ...
Bill Day, the co-founder and former CEO of About.com, has been tapped to head video ad net ScanScout , Adweek reported . Day moves over from local online media and ad Firm Marchex, who hired him in Aug. 2007 to lead its consumer-facing media business as chief media officer. Before that, Day was CEO of the adware company formerly known as WhenU (now MeMedia). At ScanScout, Day succeeds Waikit Lau, who co-founded the company in Cambridge, MA., with a former MIT classmate of his. Lau, who will return to his role as president, was acting CEO after Doug MacFarland left the post in December. MacFarland held the postion for one year. Lau will now return to his role as president. Related Time Warner Invests In Video Ad Startup ScanScout Marchex Buys Pay-Per-Call Firm VoiceStar For $20 Million; Hires Former About.com CEO As Media Head Video Monitoring Company ScanScout Secures $7 Million In First Round ScanScout Backed By $2 Million In Funding; Launching Tool That Monitors Video Topics For Advertisers Our mobile application for Blackberry and other Smartphones brings you the latest headlines when you're on the go. Go here to download . ...
Janie Davies, Computing , Thursday 11 September 2008 at 17:44:00 Mike Lynch, head of enterprise search vendor Autonomy, tells Janie Davies how a wave of unstructured data is sweeping through the world of business, bringing with it new challenges and opportunities for CIOs Momentous change is coming to IT, says Mike Lynch, chief executive of enterprise search vendor Autonomy, and many of today’s chief information officers (CIOs) are completely unprepared for it and will have to adapt. To date, corporate IT has been built on the basis of organising data within the rigid structures of a relational database. And while this model has proved enormously powerful, it requires a logical approach to ordering information; whereas human beings are more comfortable with the unstructured ordering of information, says Lynch. The rise of unstructured data will reorder the world of IT, he predicts. “We’re seeing an explosion of working with unstructured data and human beings are much happier with this,” says Lynch. “The computer is now fitting us and it’s a big change that’s coming. “We’re talking about a new age of technology where we’re no longer constrained to cramming in rows of information. The next 40 years will be built on human-friendly information.” Lynch founded Autonomy in 1996, inspired by research he carried out while studying at Cambridge University. Since then he has led the Firm through an ambitious programme of global expansion ...
A lawyer is hoping more than $10 million will be awarded through a lawsuit against a local medical practice and four doctors, who are blamed in a lawsuit stemming from last year’s car crash at Brockton Hospital that left two dead. In the suit, Compass Medical and four of its Abington-based doctors are accused of failing to warn the elderly driver, who was a patient of theirs, against driving while medicated. The driver, 77-year-old Jane Berghold of Rockland, had originally been sued for $10 million, but has settled out of court without making a payment. The suit was recently amended to include Berghold’s doctors. Brad Greenberg, a lawyer for the widow of victim Dr. Mark Vasa, said Thursday the damages awarded in the new suit “could be much, much more” than the original $10 million figure. “Having read (Berghold’s) medical records, I feel confident that we have a Firm basis for pursuing this lawsuit,” said Greenberg, a Brockton attorney for the widow, Kathleen Vasa. The lawyer for the defendants, Martin Foster of Cambridge, has declined to comment, saying he does not discuss pending litigation. Greenberg said cases such as this typically span two to four years. He plans to serve the defendants with a summons within two weeks. The October 2007 crash killed Vasa, 58, of Norwell, chief of radiation therapy at the hospital, and Susan Plante, 59, of East Bridgewater, a secretary. The lawsuit accuses Drs. George Clairmont, Michelle Beaupre, ...