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GPEC wins grant to spur Valley medtech innovations

Technology News - Mon, 12/10/2018 - 21:00
The plan will help local entrepreneurs connect with hospitals and local resources to help get their med tech products off the ground.

A prominent Lockheed Martin exec is stepping down

Technology News - Mon, 12/10/2018 - 20:53
Bruce Tanner, Lockheed Martin’s CFO for nearly a dozen years, is leaving the world’s largest defense contractor in mid-2019. He’ll be succeeded by Kenneth Possenriede, 58, currently vice president of finance and program management in Lockheed’s aeronautics business. His appointment is effective Feb. 11. Tanner has been a key lieutenant to CEO Marillyn Hewson through a series of notable acquisitions, divestitures and business wins as the Bethesda-based giant — on track for $53 billion…

A prominent Lockheed Martin exec is stepping down

Technology News - Mon, 12/10/2018 - 20:08
Bruce Tanner, Lockheed Martin’s CFO for nearly a dozen years, is leaving the world’s largest defense contractor in mid-2019. He’ll be succeeded by Kenneth Possenriede, 58, currently vice president of finance and program management in Lockheed’s aeronautics business. His appointment is effective Feb. 11. Tanner has been a key lieutenant to CEO Marillyn Hewson through a series of notable acquisitions, divestitures and business wins as the Bethesda-based giant — on track for $53 billion…

Sutter Health's new hospital on Van Ness features new anti-earthquake technology

Technology News - Mon, 12/10/2018 - 18:13
The $2 billion hospital finished construction ahead of schedule and promises to be especially resistant to earthquakes.

The internet's founders voice concern over its future, call for 'mid-course correction'

Technology News - Mon, 12/10/2018 - 18:05
Speaking in downtown San Jose, internet pioneers Tim Berners-Lee and Vint Cerf spoke about their growing concern that the web has taken a turn for the worse.

Apptio shareholder sues after the company strikes a $2 billion deal

Technology News - Mon, 12/10/2018 - 17:45
The lawsuit alleges Apptio and its directors — including CEO Sunny Gupta, Madrona Venture Group's Matt McIlwain and former F5 Networks CEO John McAdam — omitted information about the proposed acquisition in a proxy statement.

The Internet's founders voice concern over its future, call for 'mid-course correction'

Technology News - Mon, 12/10/2018 - 16:43
Speaking in downtown San Jose, Internet pioneers Tim Berners-Lee and Vint Cerf spoke about their growing concern that the web has taken a turn for the worse.

​Google+ to shut down in April after new security flaw found

Technology News - Mon, 12/10/2018 - 16:14
Google said it has discovered a new vulnerability in its Google+ social network that could have revealed private data on 52.5m users, just a month after it disclosed an earlier security flaw and announced plans to close down the service.

Plug and Play takes aim at real estate, construction with new accelerator program

Technology News - Mon, 12/10/2018 - 16:08
The Sunnyvale-based incubator this month graduated its second batch from its new program and landed Cushman & Wakefield as a major new anchor partner.

Uber competitor acquires ABQ cab company's assets

Technology News - Mon, 12/10/2018 - 16:05
Uber and Lyft drivers in Albuquerque have another company to compete against.

Zayo Group doubles size of Denver office by leasing old Chipotle headquarters

Technology News - Mon, 12/10/2018 - 16:00
Employees expected to move into new space in early 2019.

20 finalists named in Arizona Commerce Authority's fall innovation challenge

Technology News - Mon, 12/10/2018 - 15:42
The Arizona Commerce Authority has chosen the 20 finalists in its revamped biannual Arizona Innovation Challenge business plan competition, with more than half in the IT-software sector. The competition for promising early-stage companies in high-growth industries awards $1.5 million twice a year to the most qualified, innovative startups. The money is intended to grow their business to advance innovation and technology commercialization opportunities in Arizona. In September, Commerce Authority…

Boeing sells second KC-46 military tanker to Japan for $159 million

Technology News - Mon, 12/10/2018 - 15:35
Japan is the first foreign customer for Boeing's KC-46 tanker. Japan's Air Self-Defense Force has discussed $1.9 billion order for four tankers, but contracts for only two have been signed so far.

T-Mobile exec reveals takeover strategy: Shut down Sprint network and extract assets

Technology News - Mon, 12/10/2018 - 15:26
Braxton Carter said the company's 2013 MetroPCS acquisition provides a roadmap for the company's planned Sprint takeover.

TAO brings Hack for a Cause to Portland

Technology News - Mon, 12/10/2018 - 15:13
With Hack for a Cause, the Technology Association of Oregon unites local tech professionals with government leaders to try to solve problems.

Health Care Digest: Where were the women in Gilead's CEO search — and more

Technology News - Mon, 12/10/2018 - 15:13
Editor's note: Our health care digest features a roundup of local news items, musings from notable figures, insights from other publications and must-reads from our own newsroom. As always, we'd love to hear what you think and how we can improve. Please email biotech reporter Ron Leuty (rleuty@bizjournals.com) with any feedback, suggestions or possible news items for this feature. There are no women CEOs of large biotech companies, and Emma Walmsley with GlaxoSmithKline plc is the only woman…

Netsmart gets a new majority owner

Technology News - Mon, 12/10/2018 - 14:56
Allscripts Healthcare Solutions Inc. has agreed to sell its majority stake in Overland Park-based Netsmart.   Private equity firm GI Partners, along with TA Associates, will acquire Allscript’s stake in Netsmart, the health IT company announced Monday. The combined investor group will own roughly 80 percent of Netsmart shares, according to the news release. In 2016, Allscripts (Nasdaq: MDRX) and GI Partners acquired Netsmart for $950 million through a joint venture, with Allscripts controlling…

Braintree passes $500B in payments five years after PayPal acquisition

Technology News - Mon, 12/10/2018 - 08:01
Five years after getting acquired by PayPal for $800 million, Chicago mobile payments company Braintree says it has now processed half a trillion dollars in payment volume. The company announced in a blog post that it has processed over $500 billion in payments since joining PayPal (NASDAQ: PYPL) in 2013. It’s a major jump from the $50 billion in payments Braintree said it processed just three years ago. Braintree added that year-over-year revenue was up more than 50 percent last year, and it…

Whole Foods rolls out more small stores under new brand; will Amazon replace the cashiers with robots?

Technology News - Mon, 12/10/2018 - 08:00
It's been a little more than two years since Whole Foods Market Inc. debuted a smaller, more utilitarian version of its stores, and soon the grocer will have 12 of its "365" locations open. The niche brand was expected to proliferate quicker, but there's evidence that Whole Foods is still bullish on the concept. It will debut in the Atlanta area next: two 365 stores are scheduled to open on Dec. 12 — one in Buckhead and the other in Decatur. More stores are in the works, including one near downtown…

Siris Capital plans to buy Travelport for $4.4 billion

Technology News - Mon, 12/10/2018 - 07:56
New York-based Siris Capital Group has teamed up with another buyout firm to take the travel software company Travelport Worldwide Ltd. private. Evergreen Coast Capital Corp. will join Siris and pay $15.75 for each Travelport (NYSE: TVPT) share, making the deal worth about $4.4 billion. Gordon Wilson, president and CEO of Travelport, said in a prepared statement: The transaction still needs approval from shareholders and regulators. Also, Travelport is in a "go-shop" period, allowing it to…

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