December 9: Playtime Party @ Saint, 90 Exeter Street,Boston, MA November 22, 2010Posted by hubtechinsider in events, Startups, Venture Capital.
Tags: Cambridge, events, networking, Startups, Venture Capital
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December 9: Playtime Party @ Saint, 90 Exeter Street,Boston, MA
Thursday, December 9, 2010
90 Exeter Street, Boston, MA 02116
Cover: Say “playtime” at the door. Cover is $5.00 at the door, FREE with the Playtime Mobile coupon found in the Peekaboo Mobile & WHERE Apps.
1. Say “playtime” at the door
2. A strict “No Work” policy will be in full effect
3. You must be 21+ to attend
Portable power cell maker Lilliputian Systems, Inc., partners with Intel November 22, 2010Posted by hubtechinsider in Investing, Startups, Venture Capital.
Tags: Atlas Venture, Bluetooth, Hudson Massachusetts, Intel, Intel Corporation, Mobile Computing, mobile web, Startups, Venture Capital, wilmington, Wilmington Massachusetts
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Lilliputian Systems, Inc. has developed the world’s first Personal Power™ solution for Consumer Electronics devices, a revolutionary and disruptive family of products targeted at the $50 billion portable power market. The Company’s breakthrough solution delivers the only viable small form-factor battery replacement that provides the enormous run-time improvements demanded by today’s CE devices.
A compact fuel cell can power consumer electronics, using replaceable $2 butane cartridges. The energy density of butane (a/k/a lighter fuel), of course, is much higher than a lithium ion battery.
Wilmington-based Lilliputian has been slowly improving its fuel cell prototypes. Today they’re announcing that Intel Capital is making an investment in Lilliputian, and that the chipmaker will also produce the silicon wafers — a crucial component of the finished fuel cells — at its Hudson, Mass. manufacturing plant.
The Lilliputian Mobile Power System will cost about $100 and will be sold by partners, says vice president Mouli Ramani. Initially, it’ll be used to recharge devices like mobile phones, Bluetooth headsets, digital cameras, and music players that have USB ports. (Power-thirsty laptops require more than the MPS’ three watts of electricity, and Lilliputian’s initial product won’t be capable of recharging them.)
Lilliputian’s power systems will be integrated into new mobile phones or laptops, rather than sold as accessories. Instead of plugging them into a wall outlet once a day, you’d just jam in a new butane cartridge every week or two.
Prior to the Intel investment, the company had raised about $90 million in venture capital, and taken a $5 million low-interest loan from two state agencies, MassDevelopment and the Massachusetts Clean Energy Center. The company’s backers include Kleiner Perkins, Atlas Venture, Stata Venture Partners, and Rockport Capital.
- Intel plugs into portable fuel cell maker Lilliputian (news.cnet.com)
- Lilliputian Systems Announces Wafer Manufacturing Supply Agreement with Intel and Equity Stake by Intel Capital (eon.businesswire.com)
- Intel, Lilliputian Bring Handheld Fuel Cell Chargers Closer to Market (fastcompany.com)
- Intel plugs into portable fuel cell maker Lilliputian (news.cnet.com)
- Intel Capital Invests $77 million in Innovative Companies Around the World (eon.businesswire.com)
- UPDATE 2-Intel Capital unveils $77 mln in start-up stakes (reuters.com)
- Intel Capital unveils $77 million in start-up stakes (reuters.com)
- WRAPUP 1-Intel buys Canadian startup, eyes embedded market (reuters.com)
- Intel’s VC Funding Continues (INTC, VMW, CLWR, LOGM, BIDU) (247wallst.com)
- Intel Capital Reveals 18 New Investments Totaling $77 Million (xconomy.com)
- Intel Capital Invests $77 million in Innovative Companies, including Women-led Layar (thenextwomen.com)
- Intel Invests $77 Million In 18 Companies (informationweek.com)
- Intel Capital Invests $77 Million in 18 Startups Worldwide (techcrunch.com)
Web Innovators Group 28 (WebInno28) – Five Year Anniversary: Monday, November 29, 2010 at 6:30 PM (ET) — FREE November 22, 2010Posted by hubtechinsider in Conferences, events, Investing, IPOs, Startups, Venture Capital.
Tags: boston, Cambridge, Craig James, David Beisel, Mobile Applications, mobile web, NextView Ventures, Startups, Venture Capital, Web Innovators Group, World Wide Web
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Web Innovators Group 28 (WebInno28) – Five Year Anniversary: Monday, November 29, 2010 at 6:30 PM (ET) — FREE
WebInno is an informal gathering of people interested in internet and mobile innovation – open and FREE to all in the community.
This WebInno is special, as we’re celebrating the fifth anniversary of the event. We’ll both take a look back at the past five years and ahead to next five. Join the entire community in gathering around innovation in the entrepreneurial web ecosystem.
We begin with the doors officially opening at 6:30pm in the Cambridge Royal Sonesta Hotel. At 7pm in the Grand Ballroom we’ll hold our usual format of self-/angel-funded startups demo’ing to the audience in Main Dish showcases, and select an “Audience Choice” winner of the crowd’s favorite. During the entire evening’s event, Side Dish startup companies will provide informal demonstrations to the networking crowd from the Skyline Suites room.
(presenting at 7pm):
Moontoast – Blair Heavey & Marcus Whitney
(demo’ing throughout the evening):
Ginger Software – Miki Feldman-Simon
My-Take – Rich Armstrong & Todd Hoskins
Penmia – Puneet Gangal
SocialSci – Leon Noel
Smashion – Daniel Ruan
Promoboxx – Ben Carcio & Dan Koziak
Monday, November 29, 2010 at 6:30 PM (ET)
Royal Sonesta Cambridge
40 Edwin H Land Blvd
Cambridge, MA 02142
Web Innovators Group
The Web Innovators Group (WebInno) is comprised of people engaged in internet and mobile innovation in the Boston area. We aim to support entrepreneurs, visionaries, and creative thinkers in the field by holding events which foster community interaction.
Our regular meetings provide a forum for entrepreneurs from self-funded/early-stage startups to present new services to their peers, as well as an opportunity for everyone in the community to share and exchange ideas.
- Why Boston fails young entrepreneurs (cortlandtjohnson.com)
- Hitchhiker’s Guide to the Boston Tech Community (robgo.org)
- Three InnoVentures Capital Companies Recognized by Utah Valley Entrepreneurial Forum (eon.businesswire.com)
- 1st Cloud Innovation Showcase Conference Announced to Boost Cloud Computing Innovation and Adoption (eon.businesswire.com)
- Backupify to Present at the CloudInno Showcase 2010 November 10th (backupify.com)
Oracle acquires Cambridge based eCommerce software provider Art Technology Group, Inc (ATG) for $1.0 Billion in cash November 22, 2010Posted by hubtechinsider in Acquisitions, Ecommerce.
Tags: Acquisitions, Art Technology Group, Cambridge, ecommerce, Oracle Corporation
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Oracle acquires Cambridge based eCommerce software provider Art Technology Group, Inc (ATG) for $1.0 Billion in cash.
Cambridge, MA based ATG provides high end eCommerce software that is used by more than 1,000 customers globally. By combining forces, Oracle and ATG expect to help businesses grow revenue, strengthen customer loyalty, improve brand value, achieve better operating results, and increase business agility across online and traditional commerce environments.
“Driven by the convergence of online and traditional commerce and the need to increase revenue and improve customer loyalty, organizations across many industries are looking for a unified commerce and CRM platform to provide a seamless experience across all commerce channels,” said Thomas Kurian, Executive Vice President Oracle Development. “Bringing together the complementary technologies and products from Oracle and ATG will enable the delivery of next-generation, unified cross-channel commerce and CRM.”
“The addition of ATG, which brings market-leading products used by some of the largest and most well-known retailers and brands, furthers Oracle’s strategy of delivering industry-specific enterprise applications,” said Bob Weiler, Executive Vice President, Oracle Global Business Units. “This acquisition builds upon our dedication to offer the most complete and integrated suite of best-of-breed software applications and technologies required to power the most demanding companies in the world in every industry.”
ATG’s revenue for the third quarter of 2010 grew to $50.3 million, a 16% increase over third quarter 2009 revenue of $43.4 million. Oracle will pay $6.00 per share in cash for the company. The transaction is subject to stockholder and regulatory approval and other customary closing conditions and is expected to close by early 2011.
- ATG Named a Leader in B2C e-Commerce Platforms by Independent Research Firm (eon.businesswire.com)
- Oracle to acquire e-commerce software maker ATG (seattletimes.nwsource.com)
- Oracle Buys eCommerce Software Giant ATG For $1 Billion (techcrunchit.com)
- Oracle to buy Cambridge software firm ATG for $1 bil (boston.com)
- Oracle to acquire e-commerce software maker ATG (seattletimes.nwsource.com)
- Oracle Buys Art Technology Group For $1B; ATG Founder Joe Chung Expresses Pride, Nostalgia (xconomy.com)
- Oracle Shells out $1 Billion to Buy ATG (securityweek.com)
- Oracle acquires Art Technology Group for $1 billion; eyes e-commerce (zdnet.com)
- Oracle to Acquire ATG; ATG Reports Third Quarter 2010 Financial Results (eon.businesswire.com)
- Oracle drops $1bn on Art Technology Group buyout (go.theregister.com)
Woburn’s Ramp, Inc., a maker of workflow optimization platforms, raises $3.5 Million November 22, 2010Posted by hubtechinsider in Startups, Venture Capital.
Tags: Accel Partners, EveryZing, General Catalyst Partners, General Electric, NBC, Peacock Equity, Startups, Venture Capital, Woburn
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Woburn’s Ramp, Inc., a maker of workflow optimization platforms, raises $3.5 Million from a group of investors including Accel Partners, Fairhaven Capital, General Catalyst Partners, Peacock Equity, General Electric, NBC Universa.
- Ramp Pulls in $3.5M (xconomy.com)
- Free Webinar: RAMP and the Coalition of Organizations for Accessible Technology (COAT) to Discuss the New Federal 21st Century Communications and Video Accessibility Act (eon.businesswire.com)
- Pennwell Selects RAMP Universal Search and Publishing Solutions for Global Industry Websites (eon.businesswire.com)
- RAMP CEO To Lead Panel on Maximizing Content Value at Digital Holly Wood NYC 2010 on November 12, 2010 (eon.businesswire.com)
- RAMP Announces Addition of People’s Choice Awards as New Hollywood Customer (eon.businesswire.com)
What is EDIINT? What is AS2, and how does it differ from AS3 or AS4? November 2, 2010Posted by hubtechinsider in Definitions, Manufacturing, Supply Chain Management.
Tags: ecommerce, EDI, EDIINT, espendwise, indirect spend, indirect spend management, SCM, supply chain management
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What is EDIINT? What is AS2, and how does it differ from AS3 or AS4?
EDI, or Electronic Data Interchange, is a format used by large enterprises for exchanging digital information about purchase orders, invoices, and other business supply chain related information with other companies, businesses, and enterprises.
EDIINT stands for EDI over INTernet.
One of the concerns and needs of the large business enterprises using EDI for electronic transactions throughout the 1990′s was the burgeoning requirement from these enterprises to be able to exchange EDI formatted data streams over the public Internet, securely. Towards the late 1990′s, EDIINT using a secure digital transmission conduit over the public Internet, called AS1, technology was standardized and released by the web standards bodies.
The AS1 protocol leveraged SMTP (standard Simple Mail Transport Protocol, or Internet email) as the foundation for exchanging communications. During this early phase of EDIINT deployments and AS1 protocol adoption, several software vendors emerged, offering to eliminate the de rigeur (for the time) VAN (Value-Added Network) fees that were commonly levied against large enterprises by the VANs then in existence. The development of the AS1 protocol, which allowed transfer of EDI messages and transactions securely over the public Internet, should have enabled these large enterprises to use AS1 to connect point-to-point with each other securely over the public Internet without need of VANs or their fee structures.
But although the ideal of AS1 was certainly promising, the promised elimination of VAN network access fees never really materialized, and the AS1 protocol unfortunately did not encounter widespread adoption and acceptance by the larger enterprises’ IT organizations. Several common reasons were behind this shunning of AS1 by corporate IT departments. One reason was the fear of larger enterprises that moving away from the liability endemnification of the VAN networks to transmissions over the (albeit secured) public Internet using AS1 was not quite ready for wholesale adoption by large scale enterprises in mission critical transaction environments. Another reason was some corporate IT departments were fearful, with considerable justification, of overloading enterprise email servers with EDI traffic as a result of the AS1 protocol’s dependence upon secured SMTP packets, which would route through corporate Microsoft Exchange or other SMTP email servers. In addition, SMTP email did not encorporate enough feature robustness to ensure the real time delivery of SMTP email and, more critically, enforce the non-repudiation features of the EDI standards then in common use.
The next incarnation of EDIINT emerged in 2001 with the new AS2 protocol superceding the earlier AS1. AS2 was designed from the start to address the same needs and requirements of the earlier AS1 protocol, but with the major distinction that AS2 was based upon the HTTP protocol instead of AS1′s reliance on the SMTP protocol. AS2′s use of HTTP instead of SMTP provided a more direct and realtime connection for transmitting EDI data between companies. The use of HTTP, combined with the growing acceptance of the Internet as a serious venue for international commerce, led to AS2 gaining a much stronger foundation upon deployment and saw AS2 gain a significant foothold into corporate IT departments in terms of adoption and implementation that AS1 had never enjoyed. But although interest in AS2 was greater than it had been for AS1, AS2 still did not reach mainstream wholesale adoption from large corporate enterprises.
Walmart and the adoption of AS2
The lack of enthusiasm at the corporate level for AS1 and AS2 adoption largely came about because of the lack of a “Market Maker”, or a powerful intermediary enforcing adoption and deployment of AS2 for EDIINT. Two companies were required to decide together to use a protocol such as AS1 or AS2, as either protocol necessitates coordination on both ends. This meant that although an enterprise might make the decision to work with a significant partner or primary systems integrator to deploy AS2, for most of that enterprises’s supplier, customer and vendor business relationships, the payoff would hardly be worth the effort.
All of this changed overnight in 2002 when Walmart announced that their entire EDI transactions and transmissions program would be moving over to the AS2 protocol and that *all* of their suppliers were expected – required absolutely, in typical Walmart fashion – to follow suit. Walmart’s decision was the tipping point for AS2′s widespread adoption and deployment across many industries and enterprises of various scale. Walmart’s reputation as a supply chain industry thought leader, as well as their renowned strong-arm tactics with their suppliers and vendors, forced other large enterprises to follow their lead. Walmart’s dictat led to positive feedback loops and various other network effects as a large number of Walmart suppliers fully AS2 enabled led to a growing ecosystem of AS2 -enabled vendors and supplies in the marketplace. Thus it became even easier for recalcitrant suppliers to justify jumping into the EDIINT, AS2 pool. AS2 enabled suppliers were able to easily extend their transactional AS2-based EDIINT systems into a vibrant community of AS2 enabled enterprises. As a result, by 2003 AS2 became one of the most popular data protocols for EDI transmissions within North America.
Europe and the Odette File Transfer Protocol V2, or OFTP V2
Despite the rapid spread of AS2 in the United States, Canada and Mexico, however, AS2 adoption lagged in Europe. The major reason for the discrepancy of AS2 adoption rates between North America and Europe was the lack of a European market maker ala Walmart in the United States. Without a key champion like Walmart driving the rapid adoption of AS2 in Europe, AS2 usage has taken a much longer time to spread into Europe’s major enterprises.
Into this vacuum, a new standard has emerged in Europe which may supplant the adoption of AS2 entirely if enough enterprises of scale in Europe decide to adopt it. The standard’s name is Version 2 of the Odette File Transfer Protocol, or OFTP V2, and it is a very similar protocol to AS2 in the fact that it leverages both the public Internet and HTTP for connectivity. In Europe, large automotive enterprises such as Volkswagen, Volva and PSA are driving the adoption of OFTP V2 in an industry-wide effort to reduce costly VAN networking fees. This wave of automotive suppliers supporting OFTP V2 should follow a similar pattern, although perhaps on not quite as large a scale, to the adoption of AS2 in North America by retail suppliers and vendors in response to Walmart’s urgings and data integration requirements.
Future EDIINT Standards: AS3 and AS4 and SOA
Future standards likely to emerge within the next iterations of EDIINT are likely to include AS3, which is based upon FTP, and AS4, which is based upon web services. Each of these newer variants contains benefits not available to users of AS2, for instance, AS3 does not require an ‘always on’ connection and could potentially handle large files better than AS2. AS4 can integrate with SOA (Services Oriented Architecture) software infrastructures with relative ease, something that is prohibitively difficult at present with AS2. Despite these technological advances, if a large enterprise or company is trying to determine which protocol is more apropos to use for EDI transmissions, they are likely to choose AS2 despite its limitations simply because the large community of companies already using AS2 versus trying to forge an uncertain path trailblazing the use of AS3 or AS4 in the absence of a market maker as mentioned above.
So until another market maker emerges to drive the adoption of AS3 or AS4 as Walmart did with AS2, AS2 will continue to be the de facto standard for EDI transmissions over the Internet. Instead of companies and large enterprises across different industries moving to AS3 or AS4, AS2 is instead adopting features that address the benefits available in those other standards. For example, an effort is under way to add “Restart” capability to AS2 that was announced recently, and this would provide some of the better support for larger file transfers that we have seen in AS3.
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About the author.
I’m Paul Seibert, Editor of Boston’s Hub Tech Insider, a Boston focused technology blog. You can connect with me on LinkedIn, follow me on Twitter, even friend me on Facebook if you’re cool. I own and am trying to sell a dual-zoned, residential & commercial Office Building in Natick, MA. I have a background in entrepreneurship, ecommerce, telecommunications andsoftware development, I’m the Director, Technical Projects at eSpendWise, I’m a serial entrepreneur and the co-founder of Tshirtnow.net.
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