Take The H.E.L.M. 2.0 Is A Competition Designed To Encourage Startups To Move To NYC
Take The H.E.L.M. 2.0 is a competition from the New York City Economic Development Corporation that is designed to encourage tech startups and other fledgling companies to move their offices to lower Manhattan. They’re accepting applications today, and eventually the applicant pool will be narrowed down to 20 finalists that will compete for one of four grand prizes of $250,000 to assist them in moving their offices into the city. The first stage of the competition runs until July 15, 2013, after which time 20 finalists will be selected to compete in the second round. These finalists will be given opportunities to present a detailed pitch as to why a move to lower Manhattan would boost their growth as a company. Each of the 20 finalists is guaranteed $10,000 in prize money, while the four runner-ups are presented with a prize of $50,000 each. The four grand prize winners will be presented with $250,000 in prize money to seek out or expand their office space in a location south of Chambers ...
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HTML5 WebSocket Developer Kaazing Raises $15M From NEA, Columbus Nova Technology Partners
Kaazing, a provider of live Web and mobile communication and the developer of HTML5 WebSocket, has raised $15 million in funding, bringing the company’s total financing to $39 million. New investors this round include New Enterprise Associates and Columbus Nova Technology Partners, as well as existing investors. Kaazing says it will use the money to drive its plans for corporate growth. “This influx of new capital will fuel our global expansion and further validates our market momentum with an enterprise-grade web communication platform built using the HTML5 WebSocket standard,” said Kaazing CEO and co-founder Jonas Jacobi in a statement. “With iPads and other smart mobile devices rapidly displacing PCs and accelerating cloud adoption, enterprise application modernization is increasingly urgent. Today’s static web architectures are expensive and ineffective in supporting this huge market shift – Kaazing’s leading communication products are critical to the emerging cloud and ...
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Designer Nicholas Felton Leaves Facebook After Pioneering Timeline Overhaul
Nicholas Felton, who came to fame through many super-detailed infographics and reports about his life as quantified through data, is leaving Facebook almost two years after being acq-hired to work on projects like Timeline. His early work, which compiled data on things like all the songs he had listened to or everywhere he had been in a single year into a “Feltron Annual Report,” became the basis for Timeline. In a sense, all the profiles of Facebook’s roughly 1 billion users are all like living, breathing annual “Feltron” reports. He posted on his page today: On April 19, 2011 I walked into the Palo Alto Facebook office and began contributing to the timeline project. Two years, many late nights and a few launch celebrations later I will be moving on. The opportunity to help mold a service of such importance to so many people has been a high point in my professional career. I’m extremely proud of the projects I worked on, grateful to the teams that built them and confident in ...
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Digital Forensics And Cyber Security Firm AccessData Gets $45M Investment From Sorenson Capital, Silicon Valley Bank
AccessData was among the first companies to focus on digital forensics, cyber security and litigation support when it was founded all the way back in 1987. The company never took any outside funding. That is, until today. Access data just announced that it has received a $45 million investment from Sorenson Capital Partners and Silicon Valley Bank. This funding, the company says, allows it to “reduce outside ownership and add Sorenson as a strategic, long-term partner.” The investment consists of a $20 million equity trade from Sorenson Capital and $25 million in structured debt from Silicon Valley Bank. In today’s announcement, AccessData’s CEO Tim Leehealey explains the company’s decision for this move and argues that “by consolidating our ownership and adding a strategic partner like Sorenson Capital, while strengthening our relationship with Silicon Valley Bank, AccessData is better positioning itself to take advantage of its unique place in the market.” “By combining ...
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Zynga Closes Baltimore Office, Consolidates in Texas, New York
Zynga is cutting costs further by closing its Baltimore studio and consolidating its presence in New York City and Texas. The moves follow a series of cost-cutting efforts that saw the closure of the Boston and Tokyo offices along with layoffs for about 5 percent of the company’s workforce. Those moves allowed the company to save $25 million last quarter. In today’s changes, Zynga is consolidating the McKinney, Texas, office, which came out of the very successful Newtoy acquisition back in 2010. The company is moving the 30 or so employees there to Dallas, which is an hour away. The studio’s leaders and Newtoy’s founders Paul and David Bettner left in the last year as their “With Friends” line of games had a strong run under Zynga. Zynga is also closing the Baltimore studio, which was behind CityVille 2. Zynga recently shut that game down after it didn’t live up to expectations as a follow-up to the original CityVille. The company is also closing down one of its Austin offices ...
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