FERNDALE ? Livio, which makes connected car products and smartphone apps through Livio Connect, has closed its Series C financing with a group of investors lead by Beringea. Terms were not announced. Other investors in the round include Western Technology Investment, Angel Street Capital, North Coast Technology Investors and Invest Detroit?s First Step Fund. Several
AUBURN HILLS ? Plex Systems, which provides Plex Online, cloud ERP for manufacturers, reported a 24 percent increase in revenue for the second quarter ? proceeded by a 30.6 percent revenue increase in the first quarter. CEO Mark Symonds said his company?s financial performance keeps it on track for a possible Initial Public Offering in
YPSILANTI ? The Michigan Cyber Range, announced in October 2011 by Gov. Rick Snyder, has selected Eastern Michigan University as the site for its first "cyber firing range" where cyber security professionals can detect, prevent and thwart cyber-attacks in a real-world setting ? the first of its kind in the nation. Merit Network is collaborating
ANN ARBOR ? Aug. 15 is the deadline to submit your business plan to the $1 million Accelerate Michigan Innovation Competition open to any early stage business from anywhere in the world. Top prize is $500,000 in cash. Eligibility Technology Note: These are not rigid criteria, they're guidlines. Innovative and proven (past proof of concept)
ANN ARBOR ? WorkForce Software is opening a satellite office in Ann Arbor and looking for 15 IT professional to staff up. The company opened its satellite office at 205 N. Main Street, a 1,500 square foot, R&D facility. The company?s headquarters is in Livonia. The company, which was founded in 1999, employs about 250
LANSING - A controversial proposal to require that 25 percent of Michigan's electricity be generated by renewable resources by 2025 could help create nearly 74,500 jobs in the state, a study released by supporters of the proposal said. Most of the jobs created would be for maintenance and operations of the various generating facilities, whether
LANSING - Outside the Detroit International Bridge Company, a majority of business owners in the state appear to be supporting construction of the New International Trade Crossing, but that support is not moving its way down the ladder, Lt. Governor Brian Calley and Roy Norton, the Canadian counsel to Detroit, told those at a Lansing
GRAND RAPIDS - The Iserv Co., one of the largest independent internet service providers in the Midwest, has been acquired by Boston-based 382 Communications. Terms of the deal were not disclosed. 382 Communications offers voice, data, and network services to communications service providers and enterprise clients in the U.S. and internationally. The company said the
WASHINGTON DC - A Democrat-sponsored cybersecurity measure that the Obama administration calls necessary to protect the nation's infrastructure was blocked by Republicans opposed to what they considered to be undue regulation. The Cybersecurity Act of 2012 needed 60 votes to move to a vote by the full Senate, thanks to a Republican filibuster of the
LANSING - On the school report cards issued Thursday by the Department of Education, 286 schools ranked as Reward Schools, but 146 were Priority Schools and 358 were Focus Schools needing some level of intervention. The report also showed adequate yearly progress measures took the hit officials expected they would. Changes to the cut scores