GeekSquad Academy Seeks Tech Camp Partners In Minnesota

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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.”

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Amazon Just Poached One Of Target’s Rising Stars

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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.”

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Minnesota Tech Exec of the Year 2016: Cheri Beranek

by The TECHdotMN Team

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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.

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Target To Expand IoT Open House In Silicon Valley

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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.”

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

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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.”

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The Datalink Deal That Almost Wasn’t

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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.”

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

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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).”

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Target Sets Up Website To Invite Pitches From Startups

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TargetBy Kavita Kumar, Star Tribune

“Target is creating a clearer roadmap for startups who want to do business with it.  The Minneapolis-based retailer launched a new website last week — www.startup.target.com — that invites pitches from early-stage companies who are interested in running pilot programs with the big-box giant.”

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Best Buy Wants To Highlight Startups In Store & Online

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By Kavita Kumar, Star Tribune

“Start-ups: Best Buy wants to sell your products — stat. Not only that, the largest electronics retailer in the U.S. wants to make it easier for entrepreneurs and early-stage companies to get their products loaded onto its website and into customers’ hands. Some of those gadgets could possibly end up in stores, too.”

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Target.com President Departs

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screen-shot-2016-09-23-at-12-57-23-pmBy Nick Halter, Minneapolis-St. Paul Business Journal

Target.com President and Chief Digital Officer Jason Goldberger has left the Minneapolis retailer, Target Corp. confirmed Friday. Target (NYSE: TGT) did not explain the circumstances of the departure. Goldberger joined Target in 2013 and was promoted to chief digital officer in May.”

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