LANSING–Production Tool Supply Co., a supplier and distributor of industrial tools, is establishing a new headquarters and fulfillment center in Novi, the Michigan Economic Development Corp. announced. The project is projected to generate a total capital investment of nearly $70 million and create 85 jobs, resulting in the company receiving a $1 million Michigan Business
ROCHESTER–OptimizeRx Corp., which provides digital customer communication services to the pharmaceutical industry, announced plans to acquire RMDY Health, a New York City-based digital therapeutics software-as-a-service platform, for $16 million in cash and equity. The RMDY Health platform is used by the pharmaceutical industry, payers, medical technology companies and medical associations nationwide. The acquisition adds three
ANN ARBOR—Esperion Therapeutics Inc., a developer of a new class of cholesterol-reducing drugs, announced that the compensation committee of its board of directors granted non-qualified stock options to purchase an aggregate of 39,500 shares of its common stock and 35,388 restricted stock units (RSUs) to 18 new employees under Esperion’s 2017 Inducement Equity Incentive Plan.
ANN ARBOR—The Cybercrime Support Network, a nonprofit working for cybercrime victims, has a new partnership with My Computer Works Inc., a national computer support company based in Scottdale, Ariz. CSN officials say the partnership will expand their efforts to meet the cybercrime threats facing millions of individuals and businesses in the United States. Tech support fraud
GRAND HAVEN—GHSP, a manufacturer of vehicle shift systems, pumps, and electronic controls, is opening a 140,000-square-foot global headquarters and innovation campus in Holland. The move nearly doubles the square footage of the company, founded in Grand Haven as a metal stamper in 1924. “This is another step toward the growth strategy that we established in
SOUTHFIELD—Srini Kambhampati has been named the new dean of the College of Arts and Sciences at Lawrence Technological University. He succeeds Hsiao-Ping Moore, who retired. Kambhampati comes to LTU from The University of Texas at Tyler, where he was associate provost for research. Earlier, from 2011 to 2017, he was S.A. Lindsey Professor and Chair
ZEELAND—Automotive electronics manufacturer Gentex Corp. has began shipping the latest version of its HomeLink car-to-home automation system to Hauppage, N.Y.-bsaed Voxx Electronics Corp. for sale in the automotive aftermarket. The system is comprised of a Bluetooth-enabled automatic-dimming mirror with integrated buttons that can be programmed to operate a myriad of radio frequency and cloud-based home
ANN ARBOR—The Cybercrime Support Network (CSN) has announced a new leadership sponsorship with New York City-based Verizon Communications Inc. Officials with the Ann Arbor-based organization say the sponsorship will allow them to expand its efforts to provide cybercrime and online fraud victims with the help and resources they need. Millions of American consumers and small businesses are
LANSING—In Reuters’ recent ranking of 378 metropolitan areas by how their share of national employment changed from 2010 to 2017, Grand Rapids and Detroit are recognized among the top 20 “superstar” metro areas nationwide, the Michigan Economic Development Corp. announced. Fully 40 percent of the new jobs generated nationally during that time went to the top 20 places, along
ANN ARBOR—LLamasoft, a developer of supply chain design and modeling software, announced a strategic partnership with JD Logistics, the logistics arm of JD.com, China’s largest retailer. Through the partnership, JD Logistics will exclusively deliver and integrate LLamasoft’s solutions as part of its existing service and technology offerings to select manufacturers, retailers and logistics providers in
