Triangle

Netsertive's latest financing grows to $24M

December 3, 2015

 (WRAL TechWire)

Netsertive, a Morrisville-based digital marketing company, said it has raised an additional $9 million since closing on a $15 million round of funding in October. Investors include River Cities Capital Funds and Babson Capital Management.

Premier Research adding 260 jobs in Durham

December 2, 2015

(The News & Observer, Raleigh)

Premier Research will add 260 jobs with an average annual salary of $73,296 in an expansion of its Durham office. The Philadelphia-based company runs clinical trials for drug companies and currently employs 62 people in Durham. Premier could receive up to $2.58 million in state incentives.

Stock Building Supply completes merger with BMC

December 2, 2015

(The News & Observer, Raleigh)

Stock Building Supply completed its merger with privately held Building Materials Holding, based in Atlanta. The combined company posted $2.6 billion in revenue last year. BMC Stock Holdings will be headquartered in Atlanta, though its main operating center will be in Raleigh.

New statewide newspaper plans February kickoff

December 1, 2015

(The Raleigh News & Observer)

North State Media, which produces online beer and racing publications, plans to start a statewide newspaper in February. Company officials cited Neal Robbins, a former legislative liaison for the N.C. Department of Environmental Quality, as a funder of the project. North State Media has started Carolina Beer Review and Chicken Bone Alley, a site for NASCAR fans.


Read more here: http://www.newsobserver.com/news/politics-government/politics-columns-blogs/under-the-dome/article47211500.html#storylink=cpy

Startup FilterEasy raises more than $1.5 million

December 1, 2015

(The Raleigh News & Observer)

FilterEasy said it has raised more than half of its $3 million funding goal, with money provided by Idea Fund Partners of Durham and Cofounders Capital of Cary. The Raleigh-based startup has 20 employees. Its customers sign up online for home delivery of air filters for heating and air-conditioning systems. 

RDU offers new access for Uber passengers

November 30, 2015

(WRAL.com)

Raleigh-Durham International Airport will open a designated staging area for Uber drivers on Tuesday. Uber passengers will pay a $1 fee ($1.50 for Uber XL riders) for the airport service, which will be tacked on to their fare.

Alexandria Real Estate plans massive RTP project

November 25, 2015

(The News & Observer, Raleigh)

Alexandria Real Estate Equities plans to transform 56 acres in Research Triangle Park into a "world-class" campus for life-science and biotech companies. Plans call for more than 1 million square feet of space that includes a mix of new construction and renovation of existing buildings. The real-estate firm's venture capital arm will have an office on-site. The center will be modeled after similar developments in New York, San Francisco and Cambridge, Mass.

Chapel Hill's Pozen could reincorporate in Canada

November 25, 2015

(The News & Observer, Raleigh)

New federal guidelines designed to make corporate tax inversions more difficult have prompted Pozen to reconsider plans to reincorporate in Ireland after its planned $146 million acquisition of Canada-based Tribute Pharmaceuticals. By instead reincorporating in Canada, the combined company – to be named Aralez Pharmaceuticals – will be in compliance with the new guidelines.

Citrix ending startup accelerator program

November 24, 2015

(The News & Observer, Raleigh)

Citrix Systems will wind down a two-year-old program that provides mentoring and support to entrepreneurs, raising questions about the California-based tech company's future in Raleigh. Citrix said last week it was eliminating 1,000 jobs as part of a restructuring, though fewer than five people were laid off at the Raleigh office.

Durham's Validic teams up with Quintiles

November 24, 2015

(WRAL TechWire)

Durham-based Validic has signed contract-research organization Quintiles as a client, the companies said Monday. Under the partnership, Quintiles, also based in Durham, will be able to access patient-generated data from digital health devices and apps to help with clinical trials.

App developer adding 98 jobs in Durham

November 20, 2015

(The News & Observer, Raleigh)

WillowTree, a Charlottesville, Va.-based tech company, will create 98 jobs in Durham, where it currently has a temporary office at American Underground. Average annual salary for the jobs will be $83,333. WillowTree's clients include AOL, GE, Johnson & Johnson and Time Warner.

Citrix layoffs have minimal impact on Raleigh

November 20, 2015

(The News & Observer, Raleigh)

Fewer than five employees at Citrix Systems' downtown Raleigh office will lose their jobs in the software company's latest round of layoffs. Citrix said Tuesday it would cut 1,000 jobs as part of a restructuring and spin off its line of GoTo products into a separate company. The company employs about 600 people in Raleigh.

UNC ranks 8th in R&D spending among U.S. universities

November 20, 2015

UNC Chapel Hill spent $990 million on research and development efforts in 2014, more than all but seven other U.S. universities. About 60% came from federal government sources.

A.M. Pappas sues former Chimerix CEO

November 19, 2015

(The News & Observer, Raleigh)

A.M. Pappas & Associates filed a lawsuit against former Chimerix CEO Kenneth Moch, alleging he lead an anonymous smear campaign against the Durham-based venture-capital firm and two of its executives. The lawsuit says Moch was angry after being ousted as CEO of Chimerix in 2014. Pappas invested $6.5 million in the drug-development company before it went public in 2013. Moch has filed a countersuit.

'Female Viagra' sees slow early sales

November 19, 2015

(WRAL TechWire)

Just 227 women have filled prescriptions for the new female libido-boosting drug Addyi, acquired by Canada-based Valeant Pharmaceuticals from Raleigh-based Sprout Pharmaceuticals in a deal worth at least $1 billion in August. The drug has been called the "female Viagra." The Food and Drug Administration approved the drug in August, adding restrictions for its sales and marketing.

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.