By Katharine Grayson, Minneapolis-St.Paul Business Journal
“The Metropolitan Airports Commission (MAC) plans to build a $15 million data center at Minneapolis/St. Paul International Airport.
MAC is soliciting bids from firms that want to construct the 10,700-square-foot facility, which will be located in the cargo area at the airport. Bids are due Feb. 14 and contracts will be awarded in March. Work on the facility will begin in April.”
By Katharine Grayson, Minneapolis – St.Paul Business Journal
“Twin Cities software developer Robert Grogan has won a third-place prize in the U.S. Small Business Administration ’s “Apps for Entrepreneurs Challenge.”
The national SBA competition challenged developers to create mobile applications that make it easier for entrepreneurs to mine government data related to property rights and energy-project leases.”
By Katharine Grayson, Minneapolis-St.Paul Business Journal
“Following news of Jobs2Web’s $110 million sale to SuccessFactors , we touched base with CEO Ken Holec to talk about the road to acquisition and what’s next for the company.
Here are some excerpts from the conversation: “
By Katharine Grayson, Minneapolis-St.Paul Business Journal
“Consulting firm Carol Corp., which launched in 2006 as a Web portal where consumers could comparison shop for health care services, has been sold to UnitedHealth Group Inc.’s Optum subsidiary.
Tony Miller, a venture capitalist and the former CEO of Definity Health, started Carol with the goal creating an online “care marketplace” where people could compare prices for routine health services at Twin Cities care providers. Carol eventually gave up on the idea, citing technical challenges and other issues.”
By Katharine Grayson, Minneapolis – St.Paul Business Journal
“Minnesota lost about 2,900 high-tech jobs last year, but retained its ranking as the 17th-largest “cyberstate” in the United States, according to a report released Wednesday.
The Cyberstates study, compiled by the Washington, D.C.-based TechAmerica Foundation, found that Minnesota employed 120,800 high-tech workers last year. In 2010, the state lost 1,100 jobs in the computer and peripheral-equipment manufacturing sector and 800 jobs in the electronics-component manufacturing field.”
By Katharine Grayson, Minneapolis – St.Paul Business Journal
“Northbrook Digital has sold its assets and patents to Google Inc.
Mark Wolfe, CEO of Woodbury-based Northbrook, didn’t reveal the name of the buyer, though federal documents show Google now owns the patents.
The patents relate to methods of displaying advertisements in Web browser tool bars, as well as link-sharing technology, Wolfe said.”
Today (8/17) the Minneapolis-St.Paul Business Journal posted an update to yesterdays news (below the fold) with a statement from Google:
“Minnesota is home to countless Google users and customers — big and small — who are helping drive innovation and economic growth for the state. In 2010, Google provided more than $1 billion in economic activity for Minnesota businesses. Our users, partners, developers and customers are located all over the country including Minnesota. With innovation occurring at the University of Minnesota as well as the tech sector across the state, we’re excited to be joining the Association and being a part of the working group.”
By Katharine Grayson, Minneapolis-St.Paul Business Journal
“RedBrick Health Corp. has raised another $5 million in capital, according to a regulatory filing.
The Minneapolis-based health and wellness company kicked off the round of financing early this year, raising $5 million. At the time, the company planned to raise a total of $15 million. It’s now $5 million away from that goal, according to the regulatory document.
RedBrick has reeled in about $60 million over the past five years. In an interview with the Star Tribune published Sunday, company officials indicated that RedBrick may eventually pursue an initial public offering.”
By Katharine Grayson, Minneapolis-St.Paul Business Journal
“Bloom Health, a fast-growing startup, will expand its headquarters with a move to the 15 Building in Minneapolis’ Warehouse District.
The company recently signed a lease for 16,000 square feet at 15 Fifth St. S. The space is nearly four times the size of Bloom’s existing office at 10 S. Fifth St. and will accommodate the company’s growing staff, which now numbers 50, said Abir Sen, CEO of the firm.”
By Katharine Grayson, Minneapolis-St.Paul Business Journal
“Avtex, an IT firm that’s expanded with the backing of the Pohlad family, is plotting a growth spurt that company officials expect will double the business’ revenue to about $100 million by 2015.
The Bloomington-based company is owned by the Pohlad Family Cos., which entered the tech business in 2006 via its acquisition of Minneapolis IT-consulting firm Inetium.”
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