Triangle

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.

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.