SOUTHFIELD—Altimetrik Corp., the Southfield-based IT and engineering consultant, announced the hiring of Amit K. Singh as practice head for financial services, fintech and payment. Reporting to Altimetrik COO Raj Sundaresan, Singh will focus on business transformation initiatives for clients in the financial services industry. “The financial services industry is being disrupted at an unprecedented pace
FLINT—Diplomat Specialty Pharmacy, a provider of specialty pharmacy and infusion services, will be purchased by Eden Prairie, Minn.-based OptumRx, the pharmacy care business of Optum, a unit of the health insurance giant United Health Group, for $4 a share in cash and assumption of outstanding debt, valuing the company at about $300 million. Diplomat stock
DETROIT—Compuware Corp., the developer of mainframe software, announced it has signed an agreement to acquire the assets of Innovation Data Processing, a Little Falls, N.J.-based provider of enterprise data protection, business continuance and storage resource management products and services serving the mainframe market. The transaction is expected to close within the next quarter. It will be
DETROIT– Lambert & Co. has added two new professionals to its automotive and mobility practice: Lisa Lark, director, and Katelyn Davis, senior manager. Both will be based in the public relations agency's Detroit office. Joining Lambert from global automotive supplier Varroc Lighting Systems, Lark has extensive experience in the automotive communications space. Having worked for
ANN ARBOR–Kraig Biocraft Laboratories has completed the hatching of the second generation of its genetically engineered silkworms as it expands production at its breeding grounds and silk production centers in Quang Nam province, Vietnam. Company officials said that its Vietnamese subsidiary, Prodigy Textiles, would use the cocoons produced in this breeding cycle to begin its
ALLENDALE — Grand Valley State University will lead coordination of K-12 computer science education in the state under an agreement reached with a key curriculum provider. The partnership with Code.org, a nonprofit computer science organization that provides K-12 curriculum and training resources, will allow Grand Valley experts to coordinate annual professional development for up to
DETROIT – The Michigan Council of Women in Technology Foundation named Diane Jones its “Woman of the Year in Technology.” Jones is executive director of administration for Information and Technology Services and the office of the vice president for information technology and chief information officer, University of Michigan. The fourth annual MCWT award recognizes women
SEATTLE–Shield Compliance LLC, the developer of a banking compliance system for the legalized cannabis industry, announced it has raised $5 million in a Series A financing round and plans to bring its services to financial institutions serving legal cannabis markets in Michigan, Colorado, Illinois, Massachusetts, Ohio, and Washington. Combined with a partnership with a multi-state
GRAND RAPIDS - Davenport University, with the help of a Military Credit Equivalency Grant, has created new pathways for veterans to fast-track their second career and earn a degree. These new pathways enable veterans to leverage military experience for academic credit and earn a four-year degree in as little as 3 years. According to 2017
DETROIT - Watch and luxury goods maker Shinola on Friday promoted Shannon Washburn its first female chief executive. Washburn has been with Shinola since 2012 and moved to Detroit from Texas in 2015. Washburn replaces Tom Lewand, a previous team president of the Detroit Lions, who handed in his Shinola CEO title this week. Lewand
