Hamid Shojaee is adding publisher to a bio that includes tech entrepreneur, software CEO and incubator developer.
Shojaee, CEO of Axosoft in Scottsdale, launched his latest creation, AZTechBeat.com, earlier this week as a way to provide more in-depth coverage of the state’s software and technology industry than what currently exists.
It’s not just the coverage that is lacking, but an overall sense that software isn’t a viable industry in Arizona, despite numerous startups, Shojaee said.
“Facebook…
05/18/2012
AZTechBeat starts coverage for Arizona software industry
Hamid Shojaee is adding publisher to a bio that includes tech entrepreneur, software CEO and incubator developer.
Shojaee, CEO of Axosoft in Scottsdale, launched his latest creation, AZTechBeat.com, earlier this week as a way to provide more in-depth coverage of the state’s software and technology industry than what currently exists.
It’s not just the coverage that is lacking, but an overall sense that software isn’t a viable industry in Arizona, despite numerous startups, Shojaee said.
“Facebook…
05/18/2012
Facebook shares fall flat on IPO debut
Facebook Inc. barely moved the needle on its first day of trading, ending up essentially flat near its IPO price of $38 a share.
The stock jumped 12 percent in the opening minutes of trading on Friday before slipping back from $43 to close to the $38 price IPO investors paid on Thursday.
The Wall Street Journal cited an unnamed source who said that the underwriters on the deal stepped in to prevent it from dropping below the $38 a share price that was set for initial investors on Thursday.
Facebook’s…
05/18/2012
Brian Bronson: Public Companies Honoree
Brian Bronson
Public Companies Honoree | Radisys Corp.
President and chief financial officer
What your organization does: Radisys is a leading provider of embedded wireless infrastructure solutions for telecom, aerospace, defense and public safety applications.
Professional history in brief: Prior to my current roles, I held a number of management positions at Radisys, including vice president of business development, treasurer and chief accounting officer. Before joining Radisys, I held multiple…
05/18/2012
ApniCure wins FDA clearance for sleep apnea device
ApniCure Inc. can go ahead with marketing a sleep device in the United States after the Food and Drug Administration cleared the product.
The privately held Redwood City company said Friday that its Winx Sleep Therapy System — using a light, oral vacuum and a slim tube connected to a soft, flexible mouthpiece — will launch in select markets this year. It is designed for people with obstructive sleep apnea.
The Winx system will be sold more broadly in 2013, said President and CEO Steve Carlson.
Founded…
05/18/2012
Meet 5 Kickstarter tech stars
Palo Alto-based Pebble raised $10 million on the crowd funding platform Kickstarter for a digital watch that interfaces with iPhones and Android-based phones — more than any other project.
Read more about Pebble here and in the San Francisco Business Times print edition.
Here’s a look at five more Bay Area projects that have found success on Kickstarter:
Hidden Radio & Bluetooth Speaker: $939,000
After working around the world for many tech companies, industrial Designers John Van Den Nieuwenhuizen…
05/18/2012
Facebook buys social gift app maker Karma
Facebook Inc. made its first acquisition as a public company on Friday.
It bought social gifting app developer Karma for an undisclosed sum, picking up 16 employees.
The app site will continue to stay up and be functional, so it doesn’t appear this wa a simple acqusition of talent.
Karma was funded by Kleiner Perkins, Obvious Corporation, Sequoia Capital and Felicis Ventures.
05/18/2012
Tony Trunzo: Public Companies Honoree
Tony Trunzo
Public Companies Honoree | Flir Systems Inc.
Senior vice president of finance and chief financial officer
What your organization does: Flir is the largest commercial infrared company in the world, with 2011 revenue of $1.5 billion. We are also a leading maker of marine electronics and sensors to detect chemical, biological, nuclear and explosive agents.
Professional history in brief: I spent the first 17 years of my career as a banker serving health care, technology and industrial…
05/18/2012
NADB closes on $65 million solar project loan
The North American Development Bank has closed on a $65 million loan agreement with SunEdison that will be used toward the construction of a 20-megawatt solar park in Picture Rocks, Ariz.
SunEdison will supply electricity to Tucson Electric Power over a 20-year period. The solar park will consist of hundreds of photovoltaic modules on a 250-acre lot owned by Tucson Water, a department of the City of Tucson.
San Antonio-based NADB is a financial institution established and capitalized in equal parts…
05/18/2012
The Funded: Sureline Systems, Integrated Resource Recovery, AlephCloud Systems
Here are fundings from Silicon Valley companies, announced or filed recently with the U.S. Securities and Exchange Commission.
The Funded is a recurring feature where we post new fundings that cross our desks, as well as an archive of past fundings.
AlephCloud Systems Inc. raises $1.6M of $1.8M
The Saratoga-based company sold equity, options, warrants and securities to raise the funds.The related parties listed on the filing include: Roy D’souza, executive, director; Kumar Malavalli, director;…
05/18/2012
For tech companies, patents can be cash cows, huge legal expense
While most people’s eyes glaze over when you mention patents and intellectual property law, they can have a significant impact on a company’s bottom line — both in revenues and legal fees.
Microsoft, to name one Puget Sound-area company, is involved in more than 60 patent infringement lawsuits, according to recent Securities and Exchange Commission filings.
While the company wouldn’t tell me how much it spends on legal fees, a survey published by the American Intellectual Property Law Association…
