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Bob Davoli
Robert "Bob" Davoli is an American venture capitalist at Gutbrain Ventures in Boston, Massachusetts. Education Davoli obtained a history degree from Ricker College. As he considered his career options, Davoli began to study computer software by taking courses at Northeastern University. Career In 1981, Davoli started working for Stone and Webster Engineering Corporation as a systems analyst. In 1986 he founded a database tools and consulting firm, D & N Systems, subsequently changed to SQL Solutions, with Dave Newsom. In January 1990, in Davoli's first successful high-tech exit, SQL Solutions was acquired by Sybase 18 months before they went public. Davoli stayed on to run it as a separate operating subsidiary for a year. In 1992, Davoli was recruited to become CEO of Epoch Systems, Sigma Partnersportfolio company with a hierarchical storage management product. In 1993 Davoli sold Epoch Systems to EMC Corporation for $141 million. Davoli left Epoch / EMC about a year after ...
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Venture Capitalist
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first round ...
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Business Week Magazine
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the b ...
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Internet Security Systems
IBM Internet Security Systems, formerly Internet Security Systems, and often known simply as ISS or ISSX (after its former NASDAQ ticker symbol) is a security software and managed security services provider founded in 1994. The company was acquired by IBM in 2006. It provides software and services for computers, servers, networks, and remote locations that involve preemptive security against threats before they affect a business. History In 1992, while attending the Georgia Institute of Technology, Christopher Klaus developed the first version of Internet Security Scanner. In 1994, Klaus founded Internet Security Systems (ISS) to further develop and market Internet Security Scanner, which later became Internet Scanner. Although the larger shareholder, Klaus took the role of chief technology officer (CTO), while Tom Noonan was recruited as chief executive officer in 1995. In 1996 David Strohm from Greylock Ventures and Bob Davoli, from Sigma Partners, led the first round of ven ...
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CloudHealth Technologies
CloudHealth Technologies, now CloudHealth by VMware, is a privately held software company based in Boston, Massachusetts. The company provides cloud computing services related to cost management, governance, automation, security, and performance. History CloudHealth Technologies was founded by Joe Kinsella in 2012. Dan Phillips joined as CEO and co-founder in late 2012, and Dave Eicher joined as co-Founder in January 2013. In May 2016, the company announced plans to expand from its Boston headquarters with branch offices in San Francisco, London, Washington, D.C., Sydney, Amsterdam, Tel Aviv, and Singapore. Headquarters moved in Boston from Fort Point to 100 Summer Street in the Spring of 2018, tripling in square footage. In September 2017, Tom Axbey—who was previously at Rave Mobile Safety—joined as the new CEO and President. VMware announced its intention to acquire CloudHealth Technologies on August 27, 2018. The acquisition is "part of the information technology comp ...
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Paydiant
Paydiant, Inc. is a PayPal-owned financial services company based in Auburndale, Massachusetts Auburndale is one of the thirteen villages within the city of Newton in Middlesex County, Massachusetts, United States. It lies at the western end of Newton near the intersection of interstate highways 90 and 95. It is bisected by the Massachus ..., which was incorporated in 2010. Paydiant provides cloud-based services for merchants, banks, and point-of-sale and ATM providers. History In 2011, Paydiant raised $7.6 million funding from North Bridge Venture Partners and General Catalyst Partners. Paydiant received a funding of $12 million and $15 million in 2012 and 2013 respectively. Paydiant has provided mobile wallet platforms for MCX. In 2015, PayPal acquired Paydiant in a $280 million deal. References External links * PayPal Mobile payments Electronic funds transfer Financial services companies established in 2010 Online financial services companies of the United St ...
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Vlingo
Vlingo was a speech recognition software company co-founded by speech-to-text pioneers Mike Phillips (later co-founder and CEO of Sense Labs, Inc) and John Nguyen in 2006. It was best known for its intelligent personal assistant and knowledge navigator, also named Vlingo, which functioned as a personal assistant application for Symbian, Android, iPhone, BlackBerry, and other smartphones. Vlingo was acquired by speech recognition giant Nuance Communications in 2012. The application uses a natural language user interface to answer questions, make recommendations, and perform actions by delegating requests to various applications. Vlingo Find and other iterations were known as first-to-market innovators in speech-to-text recognition. With adaptive hierarchical language models, Vlingo improves its speech-to-text recognition as it learns a user's speech and search habits. It was the first technology of its kind to use adaptive hierarchical language models to learn from the correc ...
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Virtusa
Virtusa Corporation is an American information technology services company founded in 1996 in Sri Lanka and has its headquarters in Southborough, Massachusetts, United States. The company provides IT consulting, business consulting, systems implementation and application outsourcing services to large enterprises and software vendors. The company has several delivery centers in India and Sri Lanka with the ones in Hyderabad, Chennai and Colombo being the largest. In February 2021, Baring Private Equity Asia acquired the company for US$2 billion. Acquisitions * In November 2009, Virtusa acquired Insource for $7.3 million. Insource is a technology consulting company which specialized in the insurance and healthcare industries. InSource is based in Hartford, Connecticut. * In 2010, Virtusa acquired ConVista Consulting, LLC, a US-based, privately held market leader in finance transformation, specifically focusing on high volume collection, disbursement, claims and billing systems in B ...
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Aprimo
Aprimo (Help:IPA/English, /æ,primo/) is a United States-based company that develops and sells marketing automation software and digital asset management (DAM) technology for marketing and customer experience departments in enterprise organizations. Its software is designed to help manage the behind-the-scenes activities involved in marketing. History Early History Aprimo was founded in Indianapolis in 1998 by former executives of Software Artistry, which had recently been purchased by IBM. There are suggestions it was the first supplier of Marketing resource management (MRM) software, it is certainly the case that it was one of the earliest providers. In 2004, it made its first acquisition, buying British software developer Then. The following year, 2005, saw Aprimo acquire the EMS business of DoubleClick together with about 70 customers before the remainder of that organisation went to Hellman & Friedman. By 2007, Aprimo had about 250 employees and its clients included Bank ...
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WebMethods
webMethods was an enterprise software company focused on application integration, business process integration and B2B partner integration. Founded in 1996, the company sold systems for organizations to use web services to connect software applications over the Internet. In 2000, the company stock shares rose over 500% the first day it was publicly traded. In 2007 webMethods was acquired by Software AG for $546 million and was made a subsidiary. By 2010 the webMethods division accounted for almost half of the parent company's revenues. Software AG retained the webMethods name, and uses it as a brand to identify a software suite encompassing process improvement, service-oriented architecture (SOA), IT modernization and business and partner integration. History The company was founded in 1996 by married couple Phillip Merrick (who was chief executive) and Caren Merrick (who was vice president for marketing using the name Caren DeWitt at the time) to use Web standards such as H ...
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Tradex Technologies
Tradex Technologies Inc. was a developer of Java-based B2B e-commerce software. It primarily operated in the industries of financial services, telecommunications, plastics, and foodservice. It offered a platform for vertical trading hubs, another for large enterprises, and a third for the distributor channel segment. The software used JavaBeans technology. At the peak of the dot-com bubble in March 2000, SAP Ariba acquired Tradex for 19 million shares of Ariba stock, then worth $5.6 billion. The company received 60% of revenue from licensing its software, 30% from support services, and 10% from transaction fees. Nippon Telegraph and Telephone was the largest customer of the company and VerticalNet was also a customer. History The company was founded by Daniel Aegerter as an Internet-based system for automating the purchase of computer peripherals for electronic publishing, which were distributed by his company, Dynabit. At first, in 1996, Tradex offered a wholesale marketplace ...
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Vignette Corporation
Vignette Corporation was a company that offered a suite of content management, web portal, collaboration, document management, and records management software. Targeted at the enterprise market, Vignette offered products under the name StoryServer that allowed non-technical users to create, edit and track content through workflows and publish it on the web. It provided integration for enterprise resource planning, customer relationship management and legacy systems, supporting Java EE and Microsoft.NET. Vignette's integrated development environment and application programming interface offered an alternative to conventional Common Gateway Interface/ vi/Perl web development. StoryServer was used on many large websites including those of CNET, UnitedHealth Group, The Walt Disney Company, Wachovia, Martha Stewart, Fox News, National Geographic Channel, Pharmacia & Upjohn, MetLife, BSkyB, the 2004 Summer Olympics, and NASA. Its V6 content suites was priced at $200,000-$400,000. In ...
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Logicworks
Logicworks is a platform driven cloud modernization, migration, and operations provider headquartered in New York City. Logicworks provides platform driven cloud modernization, migration, and operations solutions for Amazon Web Services and Microsoft Azure cloud infrastructures. History Logicworks provides end-to-end cloud solutions to AWS & Azure customers. Logicworks was founded in February 1993 as a traditional managed hosting provider specializing in complex workloads. Logicworks pivoted to provide AWS managed services in 2012 and expanded its offering on the AWS platform over time. In 2015, Logicworks achieved AWS Premier Partner status, and subsequently added Microsoft Azure Managed Services later in 2015. In December 2016, Logicworks announced that it raised $135 Million from private equity firm, Pamplona Capital, to grow its cloud reliability platform and expand its AWS & Azure offerings. In 2017, Logicworks announced support for Microsoft Azure. In June 2021, Logicworks r ...
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