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Technology - Articles

August 12, 2019

Pulse Technology Buys Building In Schaumburg For New HQ

Pulse Technology has acquired a 36,500-square-foot facility in Schaumburg that is being retrofitted to serve as the technology company’s new corporate headquarters....

By Mark Scott

August 6, 2019

Elemica sold by Thoma Bravo

Elemica, a leading cloud-based digital supply network headquartered in Wayne, is being sold by private equity firm Thoma Bravo to the Paris-based private equity firm, Eurazeo....

By Adam Burroughs

August 6, 2019

Park Place Technologies to buy Entuity

Park Place Technologies is set to acquire Entuity, a global network performance monitoring software company with offices in Boston and London....

By Adam Burroughs

August 6, 2019

System One company buys Cohesion

One of System One’s companies ALTA IT Services LLC has acquired Cohesion, which delivers workforce solutions and agile consulting services to the government and private sectors. With this acquisition, Pittsburgh-based System One and ALTA expand their capacity to help clients transform their technology environments....

By Jayne Gest

August 1, 2019

Riverside buys into Sullivan Data Management

The Riverside Co. has invested in Sullivan Data Management as an addition to the Logically platform....

By Adam Burroughs

July 31, 2019

Nationwide invests in pet app VitusVet

Nationwide has made another strategic investment in VitusVet, a provider of mobile solutions for pet owners and veterinary practices. Nationwide will also serve on the VitusVet board of directors....

By Jayne Gest

July 23, 2019

GTCR sells Park Place Technologies stake to Charlesbank Capital

Since GTCR's acquisition in 2015, Park Place has achieved strong organic growth by expanding its salesforce and technical capabilities and entering new international markets....

By Adam Burroughs

July 16, 2019

RoadBotics raises $7.5M Series A round

The Pittsburgh-based company, which grew out of Carnegie Mellon University research into standardizing road assessment using artificial intelligence, has raised $11.4 million over five rounds....

By Jayne Gest

July 16, 2019

Built In Closes $22M Series C Funding

This is the second-largest round of funding in Chicago raised by a woman CEO leading a digital technology company, according to Pitchbook....

By Mark Scott

July 10, 2019

Cheetah Digital Buys Denver-based Wayin

The acquisition is expected to strengthen Cheetah Digital’s ability to help marketers collect zero- and first-party data and preference insights that can drive more meaningful customer engagement....

By Mark Scott

July 9, 2019

Navigator Management Partners purchased by Avaap

Avaap has acquired Columbus-based Navigator Management Partners, a cross-platform management and technology consulting firm specializing in ERP systems, business intelligence and change management. The strategic acquisition expands the Edison, New Jersey, firm’s capabilities....

By Jayne Gest

July 9, 2019

Mobile Doorman Closes On $6.5M Round of Expansion Capital

The latest funding round is expected to serve as a launching pad for new product feature developments aimed at unlocking additional revenue streams for property owners and managers, as well as the company's further expansion into the multifamily industry....

By Mark Scott

July 3, 2019

Velosio buys Synergy Business Solutions

The strategic acquisition is intended to expand Velosio’s delivery model and strengthen its services industry offerings....

By Jayne Gest

July 2, 2019

Exyn Technologies raises $16M

The Grays Ferry-based drone startup raised a Series A round that’s expected to go toward commercial growth, expanding its global reach and product development....

By Adam Burroughs

July 2, 2019

EPAM buys New York EdTech company Competentum

The addition of Competentum is expected to extend EPAM’s digital transformation proposition in the media, publishing and EdTech industries....

By Jayne Gest

July 2, 2019

Fairmount's Charles Robins: The algorithm and alchemy of tech startups

Tech company valuations are based on wholly different ideas, a collection of measurements and assessments that are as much alchemy as they are algorithm....

By Adam Burroughs

July 1, 2019

Machine Learning startup LifeWhere purchased by Resideo

The Austin, Texas-based company plans to use the startup to expand its remote monitoring and predictive maintenance capabilities....

By Jayne Gest

June 26, 2019

MentorcliQ closes $6.3M in funding, led by Plymouth Growth

The Columbus-based employee mentoring software provider obtained the funding in a round led by Plymouth Growth Partners, an Ann Arbor, Mich.-based growth capital investment firm....

By Jayne Gest

June 13, 2019

CMU spinout Edge Case Research raises $7M

The seed round was led by Aurora co-founder Chris Urmson and ANSYS, with participation from Lockheed Martin Ventures, Liberty Mutual Strategic Ventures, Trucks VC and Pittsburgh’s BlueTree Allied Angels....

By Jayne Gest

June 3, 2019

OCLC to sell QuestionPoint software to Florida company

OCLC will also transfer all active subscriptions to Springshare. Through this acquisition, the Miami developer of reference software will extend its LibAnswers virtual reference software....

By Jayne Gest

May 30, 2019

Impossible Objects Raises $4.1M, Gains New Partnerships

Ford, manufacturing services company Jabil, the U.S. Air Force and the National Institute for Aviation Research among others are using Impossible Objects technology....

By Mark Scott

May 28, 2019

Evoqua acquires England's ATG UV

Evoqua Water Technologies' acquisition of the manufacturer of ultraviolet light disinfection systems expands the Pittsburgh company's reach, allowing it to serve more customers globally....

By Jayne Gest

May 24, 2019

Aurora acquires lidar company Blackmore

The Pittsburgh-based startup picked up a company with valuable expertise in light detection and ranging radar, or lidar, that its self-driving car technology....

By Jayne Gest

May 21, 2019

Folio Photonics closes $8M seed round

The round was led by the early-stage, Cincinnati-based venture firm Refinery Ventures. Cleveland funders Pavey Investments and Capital One Partners also participated in the round....

By Adam Burroughs

May 21, 2019

Diamond Kinetics swings for the fences with sensor technology

CEO C.J. Handron talks about how he brought Diamond Kinetics from the lab to the ball diamond with the help of Pittsburgh’s early-stage community....

By Jayne Gest

May 20, 2019

Drive Capital invests in Clinc’s $52M Series B round

Ann Arbor, Mich.-based Clinc announced a $52 million Series B, which netted cash from Drive Capital, Insight Partners, DFJ Growth, Hyde Park Venture Partners and others. This brings Clinc’s total funding to $60 million and will help Clinc scale its conversational AI to new markets....

By Jayne Gest

May 7, 2019

ASX Launches Seed Equity Round to Fund Air Travel Revolution

Proceeds will be used to help the aviation technology startup acquire key automotive EV technology, build a series of full-scale prototypes and initiate Federal Aviation Administration certification....

By Mark Scott

May 7, 2019

BorgWarner inks joint venture deal with Romeo Power Technology

The new joint venture with the battery module and pack supplier based in California will be split 60/40 with BorgWarner holding the larger share....

By Mark Scott

May 3, 2019

Steven Santamaria: Getting To 'No' And Other Startup Secrets

The serial entrepreneur and CEO of Folio Photonics shares lessons learned from the business deals he’s made and explains why starting a business is a lot like going on vacation....

By Mark Scott

May 1, 2019

Denso leads $20M Series A funding round for micromobility startup

The world’s second-largest mobility supplier has taken a stake in Bond Mobility to help the world’s only speed eBike sharing company develop an urban transportation strategy....

By Mark Scott

April 12, 2019

Moreno all in on blockchain after selling 7 more dealerships

Bernie Moreno sold seven car dealership franchises last week, reinforcing his commitment to make Cleveland a central hub for blockchain technology....

By Mark Scott

April 10, 2019

Astute lands investment from Boston PE firm

Astute Inc. has received an investment from the Boston’s Audax Private Equity. This will allow the builder of AI-driven customer engagement software to continue to grow organically and through strategic acquisitions....

By Jayne Gest

April 9, 2019

Corporates join VCs to fill pipeline for Pittsburgh tech investment

Pittsburgh’s tech startups attract the lion’s share of funding and attention, says Innovation Works’ Gary Glausser. We spoke with him about trends in tech investing, including highlights from Investment in Pittsburgh’s technology sector report, and the upcoming the AI & Robotics Venture Fair....

By Jayne Gest

March 29, 2019

How to value organizations in the wake of technology disruption

A look at the challenge of finding skilled workers for today’s highly automated environment, what investors should look for when evaluating companies and how involved investors should be in new technologies....

By Suzy Teele

March 7, 2019

IAM Robotics’ Joel Reed: Finding capital and talent in a competitive robotics industry

The robotics industry remains in flux, especially as methods for fulfilling consumer orders continue to evolve. But Pittsburgh — and companies like IAM Robotics — is at the center of it all....

By Jayne Gest

March 5, 2019

Beachwood’s NeverBounce acquired by B2B intelligence platform DiscoverOrg

Beachwood, Ohio-based email verification company NeverBounce is being acquired by DiscoverOrg, a B2B marketing intelligence firm based in Vancouver. The deal will help DiscoverOrg enhance its existing sales and marketing services and solutions for B2B companies....

By Adam Burroughs

January 12, 2018

Chris Adams: How to create a great M&A team

Park Place President Chris Adams shares the details of creating an M&A team and how it has helped drive the company’s push to continue growing....

By Mark Scott