Deluxe Buys Fintech Firm RDM For $70m

sourced

Categories

SYjoDzl0Via News Release

“SHOREVIEW, Minn. — Deluxe Corporation (DLX, NYSE) announced today that, through a wholly owned subsidiary, it has entered into a definitive agreement to acquire 100 percent of the stock of RDM Corporation (RC, TSX) of Canada for approximately $70 million US in cash, net of estimated cash to be acquired.”

Read More »

sponsor

Hundreds Of Oculus VR Demos Pulled From Best Buy Stores

sourced

Categories

By Alex Heath, Business Insider

“Facebook is closing around 200 of its 500 Oculus virtual reality demo stations at Best Buy locations across the US, Business Insider has learned.

The scaling back of Facebook’s first big retail push for VR comes after workers from multiple Best Buy pop-ups told BI that it was common for them to go days without giving a single demonstration. An internal memo seen by BI and sent to affected employees by a third-party contractor said the closings were because of “store performance.”

Read More…

SPS Commerce Downshifts From Growth Mode

sourced

Categories

By Alex Van Abbema, Star Tribune

“Shares in SPS Commerce Inc. fell 19 percent Wednesday morning after the Minneapolis software company signaled a slowing of its speedy growth.

In its fourth-quarter results statement issued after the market closed Tuesday, SPS forecast sales growth of 14 percent to 15 percent in 2017, down from the 22 percent growth it experienced in 2016.”

Read More…

GeekSquad Academy Seeks Tech Camp Partners In Minnesota

sourced

Categories

Screen Shot 2017-01-18 at 12.08.50 PMVia News Release

Geek Squad Academy, a Best Buy signature community outreach program, is now accepting applications from nonprofits, schools, libraries and other community groups to host free two-day tech camps for youth this year.  Together, we’ll teach thousands of additional kids across the country the tech skills they need to inspire future education and career choices.”

Read More…

Amazon Just Poached One Of Target’s Rising Stars

sourced

Categories

screen-shot-2017-01-12-at-5-18-14-pmBy Jason Del Ray, Recode

“Can’t beat ’em? Join ’em.  Amazon has hired Jamil Ghani, Target’s SVP of strategy and innovation, to run the Amazon Prime membership business in international markets, according to a person briefed on the move. Ghani is expected to report to Greg Greeley, Amazon’s VP of Amazon Prime, and be based out of the company’s Seattle headquarters.”

Read More…

Minnesota Tech Exec of the Year 2016: Cheri Beranek

by The TECHdotMN Team

screen-shot-2016-11-22-at-10-58-46-am

Cheri Beranek is our Minnesota Tech Exec of the Year 2016

 
Clearfield’s success this year, with a stock price up ~48%, isn’t a flash in the pan for CEO Cheri Beranek, it’s the culmination of nearly ten years ongoing effort. If CEO of the decade was a thing, then Beranek is built to last.

Growth in the technology sector near and far has been made possible by fiber optical networks to the home, the office, the coffee shop, the hotel room, and everywhere in between.  Connectivity is everything in today’s world: we all want whatever we want whenever we want it. Oh, and make it even faster when there’s money on the line.

The higher level of connectivity, the more productive companies are. The communities where high speed broadband is available are the ones where the jobs are going and staying.  Behind the science of telecommunications, which we tend to just take for granted, is a local business that’s delivering success with the numbers to prove it.

Read More »

Target To Expand IoT Open House In Silicon Valley

sourced

Categories

By Sam Schaust, Twin Cities Business

Target has temporarily closed its experimental retail venture Open House in effort to renovate the San Francisco shop to include new features, such as an early-stage products showroom dubbed “The Garage.”

In the year and a half since it launched, Open House has been the Minneapolis-based retailer’s hub for all things Internet of Things (IOT). New tech products geared toward the home have been its focus—think smartphone-connected light bulbs and outlets that can add voice control functionality to your lamps and entertainment system.”

Read More…

3M Sells Off 450 Person Biometric Tech Unit To Gemalto For $850m

sourced

Categories

screen-shot-2016-12-08-at-5-06-32-pmVia News Release

“ST. PAUL, Minn.–(BUSINESS WIRE)–3M announced today that it has entered into agreements to sell the identity management business within its Traffic Safety and Security Division, to Gemalto, the world leader in digital security, for $850 million, subject to closing and other adjustments.”

Read More »

The Datalink Deal That Almost Wasn’t

sourced

Categories

By Michael Novinson, CRN

screen-shot-2016-11-07-at-9-39-52-amDatalink could have sold the company for $17 million more, but its lackluster financial results scared one prospective suitor away and prompted Insight Enterprises to cut its offer price.

Tempe, Ariz.-based Insight, No. 15 on the CRN Solution Provider 500, made Eden Prairie, Minn.-based Datalink, No. 43 on the CRN SP 500, work hard for a deal. Insight cut the transaction amount by $17 million and required what Datalink considered to be unusually high levels of financial transparency, according to SEC filings.”

Read More…

Eden Prairie IT Firm Datalink Purchased By Insight Enterprises For $258 Million

sourced

Categories

screen-shot-2016-11-07-at-9-39-52-amVia News Release

“TEMPE, Ariz. & EDEN PRAIRIE, Minn.– Insight Enterprises (Nasdaq:NSIT), an Intelligent Technology Solutions™ provider (“Insight” or “the Company”), and Datalink Corporation (Nasdaq:DTLK), a leading provider of IT services and enterprise data center solutions (“Datalink”), have entered into a definitive merger agreement under which Insight will acquire Datalink for $11.25 per share in cash, representing a 19% premium to Datalink’s closing share price on November 4, 2016. The transaction implies an equity purchase price of approximately $258 million and an enterprise value of approximately $196 million (net of cash and debt acquired).”

Read More »

Post Navigation