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Technology News Archive Page 2

Honeywell paying $5.1B for heating and utility technology company

By Eric Strauss
July 28, 2015 09:09 AM

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Crowdfunding bill advances to Christie's desk

By Andrew George
July 24, 2015 02:45 PM

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Business leaders: $50M Newark venture fund is ‘calling card’ to tech startups

By Joshua Burd
July 21, 2015 07:50 AM

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Technology News

Honeywell paying $5.1B for heating and utility technology company

By Eric Strauss
July 28, 2015 09:09 AM

Honeywell is paying about $5.1 billion in cash for a British company's thermal gas solutions division, it announced Tuesday. CONTINUE READING

Sparta Systems promotes CFO to COO

By Emily Bader
July 27, 2015 01:52 PM

Sparta Systems Inc. announced Monday that it has promoted Steve Buonaiuto to chief operating officer. CONTINUE READING

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Q&A: Nick Magone has some big insights about working with small startups

By Daria Meoli July 27, 2015 09:40 AM

Things are different for CPAs in the high-stakes startup world. CONTINUE READING

Expanding Wi-Fi is 'defining moment' for residents

By Tom Bergeron
July 27, 2015 09:40 AM

There was plenty of talk about how much Newark Venture Partners — leveraging the amazingly high-speed Internet the city has — can be an accelerator to tech startups while drawing already-established tech companies to the city. CONTINUE READING

The story behind the infrastructure: Newark's transformation to a fertile fiber optic hub was decades in the making

By Joshua Burd
July 27, 2015 09:40 AM

Newark is “where the Internet comes up for air.” That's what Audible.com CEO Don Katz told the packed crowd at his company's headquarters last week, referring to the abundance of telecom and cable providers in the city and “the vast web-work” of fiber optic cable that runs below its streets. That network is the cornerstone of the new accelerator space he was unveiling, offering “lightning-fast Wi-Fi” and the promise of making Newark a hub for tech startups. CONTINUE READING

Cranbury biotech firm receives $31M in funding

By Eric Strauss
July 27, 2015 08:29 AM

Cranbury-based biopharmaceutical company Oncobiologics Inc. said Monday that it has closed on $31 million in financing to support the continued development of its BioSymphony business model. CONTINUE READING

Crowdfunding bill advances to Christie's desk

By Andrew George
July 24, 2015 02:45 PM

A bill that would allow private businesses in New Jersey to crowdfund through Web portals has received final legislative approval and is now heading to Gov. Chris Christie's desk for consideration. CONTINUE READING

Russell Reynolds selects InterCloud's cloud-based Wi-Fi solution

By Emily Bader
July 24, 2015 12:41 PM

Shrewsbury-based InterCloud Systems Inc. announced Friday that its Aruba networks-based “Airwave as a Service” cloud-managed Wi-Fi solution has been selected by Russel Reynolds Associates to manage and deploy its global wireless infrastructure. CONTINUE READING

Digital media company buys real-time trend platform

By Eric Strauss
July 21, 2015 10:12 AM

A Somerville-based digital media technology company has acquired a real-time trend technology platform, it announced Tuesday. CONTINUE READING

Business leaders: $50M Newark venture fund is ‘calling card’ to tech startups

By Joshua Burd
July 21, 2015 07:50 AM

It was three years ago when Donald Katz started to ask himself: Why hadn’t more companies followed his lead after 2007, when he boldly moved Audible.com from the suburbs to downtown Newark? CONTINUE READING

Big names welcome $50M Newark venture fund

By Joshua Burd
July 20, 2015 04:48 PM

Business leaders and public officials gathered Monday to launch Newark Venture Partners, a $50 million early-stage technology venture fund supported by some of the city's top corporate leaders. CONTINUE READING

Mikros Systems purchases software products, related assets from VSE Corp.

By Emily Bader
July 20, 2015 01:41 PM

Mikros Systems Corporation announced Monday that it has purchased software products, intellectual property and other assets from VSE Corporation. CONTINUE READING

Lockheed buying helicopter maker Sikorsky for $7.1B; will be part of Mission Systems unit

By Eric Strauss
July 20, 2015 01:37 PM

Aerospace giant Lockheed Martin is buying Sikorsky Aircraft for about $7.1 billion and integrating the famed helicopter maker into its Mission Systems and Training business unit, it announced Monday. CONTINUE READING

Equal billing: Law firms find eliminating the corner office — and old-style setups — helps them attract next generation

By DARIA MEOLIJuly 20, 2015 12:08 PM

When Sandra Brown Sherman, Julian Wells, Anthony Sylvester and Andrew Stamelman left a well-established law firm to start their own just over a year ago, they knew they would be leaving many perks behind. One, they did willingly: The cushy corner office. The four partners at Florham Park-based Sherman Wells Sylvester & Stamelman now work in spaces the same size as the office occupied by the youngest attorney on staff. According to Sylvester, the layout makes a point, as it removes ego from the office selection process. Sherman Wells, he said, wanted to create a culture where the square footage of an office and the number of windows has no bearing on the value of that professional to the firm. “We want everyone to understand that we are all in this together,” he said. The idea is part of a growing trend in the profession that literally is getting a new look. In an industry where precedent is king and confidentiality is paramount, many firms are taking down the wood-paneled walls to create open, collaborative workspaces. Corner offices are being turned into conference rooms. Legal libraries are being consigned closets in order to make room for lounge areas. Sleek computers and ergonomically designed furniture are replacing commonly conjured images of mahogany desks littered with legal pads and accordion files stacked waist high. Today, law firms are looking more and more like Silicon Alley tech companies. For many firms, the open concept is more than a term to describe the floor plan. It’s a philosophy. At Hackensack-based Pashman Stein, an open-door policy actually means its attorneys have no doors on their offices. The partners believe this helps create a more collaborative environment. “Litigation has gotten bigger,” said Michael Stein, a founding partner of the firm. “With the electronic revolution, you can be inundated with millions of documents that can be produced relatively easily. The amount of information that is now exchanged during discovery can be overwhelming. CONTINUE READING

Konica Minolta acquires San Diego-based EMC provider

By Emily Bader
July 20, 2015 10:58 AM

Ramsey-based Konica Minolta Business Solutions U.S.A. Inc. announced Monday that it has acquired the assets of San Diego-based Hershey Technologies. CONTINUE READING

Vultr figured out how (and when) the game is played

By Andrew Sheldon
July 20, 2015 10:09 AM

To hear him tell it, it sounds as though David Aninowsky simply fell into his latest venture. And with 3,000 percent growth year over year for his cloud company, Vultr, that's not such a terrible happenstance. CONTINUE READING

Go with the flow

By Meg Fry
July 20, 2015 10:09 AM

Bill Kaufman kept a careful watch outside his industry as the construction market collapsed around him in 2008. CONTINUE READING

Honeywell earnings rise, topping estimates

By Eric Strauss
July 17, 2015 09:56 AM

Honeywell earnings rose 9 percent in the second quarter of 2015, beating analyst estimates despite slightly lower sales figures. CONTINUE READING

InterCloud awarded $2.3M worth of contracts for WiFi/DAS business

By Emily Bader
July 17, 2015 09:55 AM

InterCloud Systems Inc., a Shrewsbury-based IT and network solutions provider, announced Friday that it has been awarded $2.3 million in WiFi and DAS network projects from clients. CONTINUE READING

Certara appoints SVP of human resources

By Emily Bader
July 16, 2015 10:46 AM

Certara, a Princeton-based biosimulation technology drug development company, announced Thursday that it has appointed Tristen Herrstrom as senior vice president of human resources. CONTINUE READING

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