Triangle

Align Technology to create 100 jobs in Cary

September 18, 2015

(The News & Observer, Raleigh)

The maker of Invisalign braces has opened a Cary office and plans to create more than 100 jobs over the next five years. Align Technology will invest $4 million in the Cary office, its first East Coast location. Most of the new jobs are in R&D and software product development; salary information was not available. Align is based in Amsterdam and has its U.S. headquarters in San Jose, Calif.

Credit Suisse leases new office space, plans to ramp up hiring in Triangle

September 18, 2015

(The News & Observer, Raleigh)

Credit Suisse plans to hire about 300 new employees next year now that the financial-services firm has leased additional office space in Morrisville. The 70,000-square-foot space will be subleased from electronics-maker Lenovo. Credit Suisse employs about 1,670 at RTP.

Prominent developer wants Raleigh to allow taller buildings

September 17, 2015

(The News & Observer, Raleigh)

Empire Properties is asking Raleigh City Council to allow for taller buildings at 25 of its downtown properties. The real-estate firm, led by Greg Hatem, wants to build towers with up to 20 stories on sites now capped at seven or 12 stories, and 12-story buildings on sites zoned for four or five stories.

Goetz: Triangle second to Silicon Valley

September 17, 2015

(WRAL TechWire)

Sequoia Capital's Jim Goetz, named the top venture investor of 2015 by Forbes magazine, said the Triangle is the second most important area in the United States behind Silicon Valley. The area's top research universities – Duke, UNC Chapel Hill and N.C. State –  are part of the reason why.

Chimerix receives $13M federal contract

September 15, 2015

(The News & Observer, Raleigh)

Durham-based Chimerix was awarded $13 million to develop a treatment for smallpox. The federal government will stockpile brincidofovir, an antiviral treatment, as a countermeasure against a potential biological attack.

Chapel Hill's Rho awarded $157M federal contract

September 11, 2015

(The News & Observer, Raleigh)

Contract-research organization Rho was awarded a 7-year federal contract valued at $157.1 million. The Chapel Hill-based company will coordinate clinical studies for the National Institutes of Health's Institute of Allergy and Infectious Diseases. Rho has 375 employees. About half of its revenue comes from federal contracts.

RTP's Zift Solutions raises $14M

September 10, 2015

(The News & Observer, Raleigh)

Zift Solutions, a 9-year-old marketing software company based in Research Triangle Park, raised $14 million in its latest round of funding. The investment allowed Zift to acquire Raleigh-based SharedVue, a division of a Massachusetts-based marketing technology company with 35 employees.

American Underground to open 3rd Durham location

September 8, 2015

(WRAL TechWire)

American Underground will open its third Durham campus in January. Renovations are underway at the 110-year-old Trust building, which will provide offices for 25 companies that have outgrown space at the startup hub's existing location across the street. Windsor Circle, a marketing software company, will occupy the top two floors of the five-story building.

SAS adding 80 acres in Cary

September 4, 2015

(WRAL TechWire)

SAS Institute will acquire more than 80 acres of land valued at $11.66 million through an exchange with N.C. State University. The land is currently used by the university for agricultural research. The Cary-based software company has no immediate plans for the property.

BofA moving downtown Raleigh workers to North Hills

September 3, 2015

(The News & Observer, Raleigh)

Bank of America will lease 57,000 square feet of a new 18-story office tower in Raleigh's North Hills. The 300,000-square-foot building, which will be called Bank of America Tower, is being developed by Kane Realty and KBS Realty Advisors and is expected to open in the first quarter of 2016.

Cree announces Wolfspeed semiconductor division

September 2, 2015

(WRAL TechWire)

With a nod to N.C. State, where a group of students started Cree in 1987, the company has named its new power and radio frequency division Wolfspeed. The Durham-based LED manufacturer plans to spin off Wolfspeed in a public offering sometime before June 2016.

Raleigh OKs office tower in warehouse district

September 2, 2015

(WRAL.com)

Raleigh City Council approved a rezoning that will allow Kane Realty to build an office tower of up to 20 stories in the city's warehouse district. The structure will incorporate an existing Dillon Supply warehouse and include 210,000 square feet of office space and 260 apartments.The 2.5-acre site is adjacent to the Union Station transit hub, currently under construction.

Durham's Scioderm acquired for $229M

September 1, 2015

(The News & Observer, Raleigh)

New Jersey-based Amicus Therapeutics could pay up to $947 million for the Durham startup if Scioderm's experimental treatment for a rare skin disorder is approved by the FDA. Zorblisa is a skin cream used to treat Epidermolysis bullosa, which causes blistering rashes and affects 30,000 to 40,000 people.

Lenovo's Jay Parker resigns

August 28, 2015

(The News & Observer, Raleigh)

Jay Parker, who became senior vice president of Lenovo's enterprise business in March, has resigned. Parker joined Lenovo in 2007 and was previously president of North American operations. The No.1 PC-maker's North American headquarters are in Morrisville. The company announced this month it was laying off 3,200 workers worldwide, including 230 in the Triangle.

Raleigh's Ziptronix acquired for $39M

August 28, 2015

(WRAL TechWire)

Tessera Technologies, a Silicon Valley semiconductor company, paid $39 million for Raleigh-based Ziptronix, a company spun out of RTI International in 2000.

Danish drugmaker Novo Nordisk adding 691 jobs near Clayton

August 27, 2015

(The News & Observer, Raleigh)

Novo Nordisk will invest up to $1.7 million and add nearly 700 jobs at a new Johnston County plant. The drugmaker, which also considered its headquarters country of Denmark for the expansion, already employs 719 people in Clayton. The new plant will make ingredients for diabetes products. Jobs will pay an average annual salary of $68,420.

Durham digital printing company raises $25M

August 27, 2015

(The News & Observer, Raleigh)

Spoonflower plans to add at least 50 new employees after raising $25 million from investors, including Boston-based North Bridge Growth Equity and Durham's Bull City Venture Partners. The company, which had revenue of $15.3 million in 2014, allows customers to create and order custom-designed fabrics, wallpaper and gift wrap through its website.

Raleigh's Red Hat ranked No. 26 on list of innovators

August 26, 2015

(WRAL TechWire)

Raleigh-based Red Hat was named to Forbes magazine's "World's Most Innovative Companies" list for the third time. The Raleigh-based software company ranked No. 26; California-based automaker Tesla Motors was No. 1.

Durham's Hatteras Venture Partners raises $90 million

August 25, 2015

(The News & Observer, Raleigh)

Hatteras Venture Partners has raised over $90 million of a $150 million goal for its fifth fund. The Durham-based venture capital firm invests in seed- and early-stage life-sciences companies. Hatteras, whose partners include former Glaxo CEO Robert Ingram and former UNC Chapel Hill chancellor Holden Thorp, has about $350 million under management.

Johnston County courts major economic-development project

August 25, 2015

(The News & Observer, Raleigh)

Johnston County commissioners are expected to announce Wednesday an economic-development project that will create several hundred jobs. The county's incentive package includes the purchase of 95 acres of land that would be leased back to the company, whose identity will be revealed Wednesday.