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A co-founder of high-flying HighByte talks with Mainebiz about the company's goals for recruiting, the skills that are needed, and why Portland is a good fit for this entrepreneur from Ohio.
Leaders from two Maine businesses were the only winners outside metro Boston in the New England competition for the EY Entrepreneur of the Year.
The Westbrook-based maker of veterinary diagnostic tools, practice software and water microbiology tests said earnings per share grew by 36%. Much of the increase was driven by IDEXX's Companion Animals Group.
Since launching six years ago, the digital health therapeutics company has now raised $34 million in private financing, is actively hiring and is expanding its product pipeline.
"These exceptional results reflect strong execution from the WEX team, positive trends across the business and strong demand for our platform and services as volumes continue to recover," said WEX Chair and CEO Melissa Smith.
The money is expected to support critical infrastructure improvements, create 20 jobs, retain 120 jobs and generate $3.5 million in private investment. TechPlace opened in 2015 and now houses 35 early-stage businesses.
The quasi-public independent agency represents an ambitious push to address broadband infrastructure and affordability, and a different approach than what the state has taken in its 15-year effort to expand service in Maine under the ConnectME
Companies that have been operating remotely are now exploring hybrid models, with physical space for people to meet while allowing them to keep working from home if they can and want to. No size, it appears, fits all.
RockStep Solutions, whose software is designed to help biomedical research labs in the life sciences industry, expects to double its staff of 13 by April.
Microwave Techniques LLC has acquired all the assets and intellectual property of Raleigh, N.C.-based Industrial Microwave Systems LLC for an undisclosed amount.
From online mapping for snowmobilers to a snail-mail innovation for older adults, central Maine is producing a broad bounty of new business ideas. An experienced entrepreneur with roots in the region advises, "Just start."
The purchase of VCP is expected to close during the third quarter, and would add technology for pet wellness plans to Covetrus' veterinary platform. Terms of the deal were not disclosed.
The three winners will receive college scholarships totaling $10,000 in 529 college savings plans. First place went to a high school student who developed a digital organizer for school assignments, classes and activities.
Tilson Technology Management, which is based in Portland, hired its first chief information officer, Jason Burns, whose background is in technology and applications in the construction industry.
In a transaction expected to close Wednesday, Foreside Financial Group will acquire Golden Bear Consulting LLC, a boutique regulatory compliance firm based in Newport Beach, Calif.
California-based Nautilus Data Technologies will build an 84,000-square-foot data center on the former Great Northern Paper mill site, becoming the anchor and first tenant for the innovation and technology campus there.