Triangle

Citrix to spin off GoTo products into separate company

November 18, 2015

(WRAL TechWire)

Citrix Systems will spin off its GoTo line of business-software products into a separate, publicly traded company in the second half of 2016. Based in Fort Lauderdale, Fla., Citrix employs more than 600 people in downtown Raleigh. Impact on the Raleigh office is unclear.
Related: Hire purpose: Citrix Systems' downtown Raleigh digs were designed to attract top tech talent

Frontier adding 200 jobs in Durham

November 17, 2015

(The News & Observer, Raleigh)

Norwalk, Conn.-based Frontier Communications will invest $4.3 million and create 200 jobs over the next five years at a new technical support center in Durham. The telecommunications company also considered Florida, Texas, Utah and South Carolina for the jobs, which will pay an average annual salary of $47,112.

N&O site in downtown Raleigh sells for $20.2M

November 17, 2015

(The News & Observer, Raleigh)

A group of local developers will pay $20.2 million for The News & Observer's downtown Raleigh headquarters. Plans for the 3-acre site have not been finalized but could include a hotel and apartments.

Chapel Hill-based kids coding site reaches 70,000 students

November 16, 2015

(WRAL TechWire)

Youth Digital, a Chapel Hill-based startup that offers online courses to train kids to design games, 3-D animations and apps has expanded its reach from 800 customers in 2013 to more than 70,000 children in over 100 countries.

Raleigh City Council aims to protect historic structures

November 13, 2015

(The News & Observer, Raleigh)

Raleigh City Council is expected to approve Monday new development zones that would allow for 40-story buildings in the central business district while maintaining height restrictions on 19 of the city's oldest buildings. The action would make it harder for developers to raze historic properties and redevelop them for a profit.

Automated Insights' Allen earns top NCTA honor

November 13, 2015

(The News & Observer, Raleigh)

Robbie Allen, founder and CEO of Automated Insights, was named "Tech Exec of the Year" by the N.C. Technology Association. Automated Insights, which provides a software platform for turning data into news stories, was acquired in February by Chicago-based STATS.

Morrisville's MaxPoint Interactive posts strong 3Q results

November 13, 2015

(The News & Observer, Raleigh)

MaxPoint Interactive reported third-quarter revenue of $23 million, a 42% increase compared with the same period a year ago, though the Morrisville-based digital marketing company said it expects fourth-quarter revenue won't meet analysts' projections.

NC State announces $38.7M contract with Adidas

November 11, 2015

(The News & Observer, Raleigh)

N.C. State University signed a six-year contract extension with Adidas valued at $38.7 million. The sporting-goods company will provide uniforms and footwear for State's 23 athletic teams. The original three-year contract, signed in 2012, was worth about $8 million. Other schools have recently signed lucrative apparel deals: Texas reportedly signed a 15-year contract with Nike worth up to $200 million.

Raleigh considers giving food trucks more freedom

November 11, 2015

(The News & Observer, Raleigh)

A Raleigh City Council committee endorsed a proposal to allow food trucks to operate on some city streets during a six-month pilot program. Under current restrictions, the trucks are limited to private property and special events.

Cary-based Ply Gem reports 21% increase in sales

November 10, 2015

(The News & Observer, Raleigh)

Ply Gem reported sales of $530.9 million in the third quarter, 21% higher than the $437.8 million during the same period a year ago, but still below analysts' forecasts. The company, which makes vinyl siding, windows and doors, has benefited from an improved housing market. Its 2014 purchase of Simonton Windows also contributed to the increase in sales.

Ex-Duke scientist falsified data in cancer research

November 10, 2015

(WRAL.com)

The federal government ruled that Anil Potti, a former researcher at Duke University, engaged in "research misconduct" by fudging data in his cancer research studies.

Durham's Spoonflower hires first CFO

November 10, 2015

(WRAL TechWire)

Spoonflower named Jennifer Turnage its first chief financial officer. The tech company said in August it had raised $25 million and planned to add 50 employees to about 150 at its Durham headquarters. Spoonflower allows customers to print custom-designed fabric and paper by uploading designs to its website (Statewide, October).

Yadkin Financial ends contract for No. 2 officer

November 9, 2015

(The Winston-Salem Journal)

Yadkin Financial will terminate Chief Operating Officer Mark DeMarcus' contract as of Jan. 31, according to a regulatory filing. DeMarcus, the Raleigh-based bank's No. 2 executive, has held the position since August 2011. The filing did not indicate a reason for his termination or name a successor.

Quintiles founder to retire as executive chairman

November 6, 2015

(WNCN.com)

Dennis Gillings, founder of Durham-based Quintiles, will retire from his position as executive chairman of the contract-research organization Dec. 31. He will remain a director. Jack Greenberg will replace him as chairman. Started at UNC Chapel Hill in 1982, Quintiles now has 35,000 employees in 100 countries.

Triangle hiring managers weigh in on college choices

November 6, 2015

(WRAL.com)

Some Triangle hiring managers say a name recognition of a college or university is a factor in recruiting, along with grade point average, internships and participation in study abroad programs.

Raleigh's Red Hat partners with Microsoft in cloud computing

November 5, 2015

(The News & Observer, Raleigh)

Red Hat is teaming up with Microsoft in a deal that will accelerate the Raleigh-based software company's revenue from cloud-based services, analysts say. The partnership will enable businesses to run Red Hat Enterprise Linux software on Azure, Microsoft's cloud-computing platform.

UNC Chapel Hill startup accelerator ranks 4th in study

November 5, 2015

(WRAL TechWire)

Launch Chapel Hill, a startup accelerator that is a partnership of UNC Chapel Hill, local governments and the Eric Becker family, was recognized among the five top-performing university business accelerators in North America in a study conducted by UBI Global.

Duke LifePoint acquires hospitals in Hickory, Sanford

November 4, 2015

(Hickory Daily Record)

Duke LifePoint Healthcare will purchase the 355-bed Frye Regional Medical Center in Hickory and the 137-bed Central Carolina Hospital in Sanford. The Tennessee-based company, a joint venture of Duke University and LifePoint Health, operates 12 hospitals, including seven in North Carolina.

GSK plans 20 new drugs

November 4, 2015

(The News & Observer, Raleigh)

GlaxoSmithKline said it could begin late-stage testing for about 20 new drugs and mid-stage testing for about 30 drugs in the next two years. The world's sixth-largest drugmaker, which employs more than 4,300 people in the Triangle, needs to develop new products because its patent for Advair, an asthma inhaler that accounts for 23% of revenue, expires next year (Cover story, September).

Bristol-Myers buying Chapel Hill drugmaker for up to $2.1B

November 3, 2015

(Winston-Salem Journal)

New York-based Bristol-Myers Squibb will acquire Cardioxyl Pharmaceuticals, a Chapel Hill-based drug developer, in a deal that could be valued at up to $2.1 billion if certain development and sales milestones are met. Cardioxyl's lead drug candidate is a treatment for heart failure.