ANN ARBOR - Plymouth Ventures has closed Plymouth Venture Partners III, surpassing its fundraising target of $60 million. The fund will invest in growth stage businesses located in the Great Lakes region. With the close of the PVP III, Plymouth Ventures now has more than $100 million in committed capital under management. The fundraising process
ZEELAND - Herman Miller announced that it has entered into an agreement to acquire Design Within Reach, a Stamford, Connecticut-based marketer and seller of modern furniture, lighting and accessories, for $154 million in cash. The Company will acquire an ownership interest in DWR equal to approximately 84 percent, subject to adjustment for net debt, changes
BLOOMFIELD HILLS - Great Lakes Angels announced Monday that one of its portfolio companies, Blaze Medical Devices, has been selected to present at AdvaMed 2014 in Chicago in October. The AdvaMed 2014 Business Development Committee reviewed 110 applications and selected 29 Emerging Growth Company Scholarships across 4 categories. ?We are honored to be selected to
ANN ARBOR - Arbor Networks reported that the number of distributed denial-of-service events topping 20Gbps in the first half of the year doubled in comparison to all of 2013, making the first half of 2014 the highest number and most intense DDoS attacks on record. Arbor also reported more than 100 events at 100Gbps or
LANSING - Speaking to the Detroit Economic Club, Governor Rick Snyder and former U.S. Treasury Secretary Henry Paulson urged Michigan economic leaders to become more globally connected. That includes Michigan companies reaching out more for international trade, and having more international companies invest in the state, the two said at the meeting at Ford Field
BIRMINGHAM - There is no task more difficult for a CISO than stepping into that role at a large organization that has never had a CISO and has recently experienced a devastating breach that is at least partly responsible for the departure of senior IT management and the CEO. Securitycurrent polled its contributors to compile
MIDLAND - The law firm Warner Norcross & Judd LLP will host an Environmental Law Briefing Aug. 6 in Midland where attorneys from the firm?s Resources, Energy and Environment Practice Group will provide updates on state and federal laws and regulations. Jon Lauderbach, a partner in the firm?s Midland office, will welcome attendees at 1:30
TROY - SunTel Services has expanded its service to include video surveillance platforms to help assist its customers meet the changing demands of company security. Technology in the security market is rapidly changing as cameras, card readers, door locks and other security requirements are now often part of a company?s IP Network. To help address
SOUTHFIELD - Lawrence Technological University has donated 50 Fujitsu tablet PCs to Vista Maria of Dearborn Heights, a non-profit providing treatment programs and other services to victimized girls and young women in Southeast Michigan. The used laptops are from the LTU Zone program that provides all undergraduate students with personal computers loaded with the software
ANN ARBOR - Merit Network and New Horizons Computer Learning Center announced Thursday a collaboration to offer the entire catalogue of professional development course offerings to Merit Members at a 20 percent discount. Through this unique agreement, Merit is now aligned with one of the largest independent IT training providers. New Horizons Computer Learning has