November 22, 2010
Puralytics, an alto client based in Beaverton, OR, recently won the fifth annual Cleantech Open, a nationwide competition to find and promote promising green technologies. Puralytics is pioneering a new photochemical technology for water purification and will receive a package of cash and services worth about $290,000. The 3-year-old company beat out a field of 17 other finalists to take top honors at an awards ceremony in San Jose. It was the first time in the contest's history that the national prize went to a company based outside California. Puralytics is also the first national winner to focus on water technology, a clean-tech industry subset that has been overshadowed by renewable power and energy efficiency. For more information, please click here.
October 15, 2010
“Open Source” software has revolutionized software development over the last several years. Today, thousands of commercial products—hardware, software, websites, and the like—all use some amount of open source software. Indeed, not using open source in software development is a disadvantage, as competitors are able to develop products faster and cheaper.
October 6, 2010
We have many clients who are leveraging the immense power of cloud computing to offer their service. Most of them use it as a tool to provide a SaaS (software-as-a-service) model (e.g. Janrain and Urban Airship) while others use it to offer a more traditional model of software licensing. It is a trend that started in the wake of the immense success of Salesforce.com’s “pay by the bite” model and Amazon’s launch of its EC2 offering. Some estimates state that customers are expected to spend $42 billion on cloud computing per year by 2012. Whether these number turn out to be right on point or not, what is true is that cloud computing will continue grow and constitute a larger piece of the overall software market.
October 1, 2010
Lynguent, Inc., an alto client that enables innovation in simulation models of analog/mixed-signal (AMS) IC designs, recently closed a $5 million investment round with Newlight Capital LLC, a small New York investment bank. Since its founding in 2001, Lynguent has now raised $10 million in outside funding — $8 million from investors and $2 million in federal grants. For more information, please click here.
September 23, 2010
Yesterday produced two great pieces of news for two of our clients. First, Second Porch announced a partnership with Instant Software through which Instant’s customer base (property managers) will be able to leverage Second Porch’s platform to generate additional referral bookings for vacation properties using trusted a social network (Facebook). Congrats to Brent and the Second Porch team for this breakthrough deal which we helped negotiate for them. It has been great watching them go from concept to prototype to listing over 14,000 properties in 100 countries and we look forward to more deals like this in the future.