ConvergeOne Makes Another Buy On The Road To Liquidity

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Via News Release

“EAGAN, Minn., Feb. 15, 2018 /PRNewswire/ — ConvergeOne, a leading global IT services provider of collaboration and technology solutions, today announced that it has signed an agreement to acquire Arrow Electronics’ Systems Integration business, specializing in unified communications, contact center, and voice and data technologies. Completion of the transaction is expected to occur within 30 days. This acquisition further solidifies ConvergeOne’s position as a leading provider of collaboration and IT-enabled solutions in the market today.”

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Ask An Indie: Stephen McGregor, Escape Industries

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Welcome to Ask An Indie where we interview local independent game developers to learn how they make, do and create.

The Indie: Stephen McGregor, Game Designer/Developer, Escape Industries

What inspired you to start making games?

I grew up playing video games, so when I was younger I had imagined becoming a game programmer and making games full time. I actually tried this as a child but programming was frustrating at the time, even with my dad and brother’s help. I was turned off to the idea at that point.

I came back to it in college when I found out that there were other things you could do in games besides programming or art. I took a natural interest in game design (my higher educational career was in engineering) and after a couple of years I got back in the saddle.

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Minnesota Upstart CaptureLife Gets A Bump From The Shutterfly-Lifetouch Deal

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An acquisition in the market can mean more than just another pair newlyweds, often it sends secondary signals out — both up and down a given vertical.

Case in point: a ripple effect that’s rolling through the digital photography industry after Shutterfly announced it would buy Eden Prairie based Lifetouch for ~$800m late last month.

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Uponor Puts Another $10 Million Behind Phyn

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Via News Release

“APPLE VALLEY, Minn., Feb. 13, 2018 /PRNewswire/ — Uponor Corporation (Uponor) today announced that it will invest an additional USD $10 million in Phyn, a joint venture between Uponor and Belkin International, bringing its total investment in the company to USD $25 million. With this second round of funding, Uponor establishes a 50 percent ownership in Phyn, with the other 50 percent owned by Belkin International.”

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Target Teams Up With Florida Honeymoon Crowdfunding App

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Via News Release

“Target has long been a go-to for wedding registries, thanks to its broad product assortment and great prices, giving couples and their wedding guests an easy way to find the perfect gift. Now, with new enhancements, Target’s registry is even more convenient and inspiring for registrants and gift-givers.”

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MnDOT Is Rolling Out Real Time Parking Tech For Truckers

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By Tim Harlow, Star Tribune

“Truck drivers passing through Minnesota who need of a safe place to pull off the road will be getting help from the Minnesota Department of Transportation, which last week began installing new technology that will let them know in real time if rest areas still have parking spaces available.”

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Thank You For Feedback

by The TECHdotMN Team

It’s time once again for us to thank our readers for their ongoing feedback — directly and/or indirectly!

We continuously welcome feedback on stories, subject matter, narratives, data — on how we can better serve Minnesota’s tech community. We maintain a very open comments system, read every email [info@tech.mn], and also accept it anonymously.

Thank you again :)

Meet A Minnesota Tech CFO: Mark Sylvester, Invenshure

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Thanks to local commercial real estate pros CBRE for sponsoring the Meet A Minnesota Tech CFO series.

The CFO: Mark Sylvester, Invenshure

When and how did you get started in your finance career, specifically within the tech industry?

My career in corporate finance started the summer after 9th grade! My parents decided that my brothers and I would run short term retail outlets across different towns in northern MN for the entire summer. The only item that we were not responsible for was driving the load of merchandise from town to town. Other than that, we set up of the store, hired temporary employees, priced the merchandise, opened & closed each day, set up the tills, balanced
the register and generally oversaw the daily operations.

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