Press Release Archives

PE Week Wire (Daily News Wire)

A year has passed since my PE Week Wire missive that drew comparisons between the 2004 World Series Champion Boston Red Sox and the repercussions on the venture capital market after passage of Sarbanes-Oxley (SOX). And you’ll find that some things haven’t changed. Today, the Red Sox continue to be a dominant force in baseball as they battle for first place in the AL East. And Congress remains unaffected by those speaking out against SOX compliance rules, which are still in place with no current Continue reading →

U.S. Navy Signs Enterprise License Agreement with OutStart

OutStart, the leading provider of software solutions for learning and knowledge-sharing, announced they have entered into an enterprise license agreement with the U.S. Navy. The Naval Education Training Command (NETC) is actively using OutStart Evolution LCMS (Learning Content Management System) for key training initiatives both land based and in disconnected environments aboard ships and submarines. As part of the “Revolution in Training” initiative OutStart solutions have helped the Navy to: Leverage prescriptive learning to make a significant impact in reducing the number of training hours Continue reading →

Ember Receives $12 Million in New Financing

Ember Corporation, a leading ZigBee™ networking company, today announced it closed an additional $12 million in funding from its primary venture capital investors and strategic partners. Polaris Venture Partners, GrandBanks Capital, RRE Ventures, Vulcan Capital (the investment group of Microsoft’s Paul G. Allen), DFJ ePlanet Ventures, DFJ New England, WestLB Mellon Asset Management (formerly West AM) and strategic partners such as ChevronTexaco Technology Ventures participated in the round. This new round combined with existing investments from Hitachi Corporation, Stata Venture Partners and MIT bring the Continue reading →