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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.
The 2021 Cleantech Open Northeast cohort consists of 52 startups from across the region and from other countries. The field is the largest in the program's history.
Remote Work for ME will offer tuition-free training to help Mainers pursue remote jobs. Courses begin in January, and over three years are expected to prepare over 700 students for virtual work in fields such as medical transcription and financial
The technology used to create the beams for the Grist Mill bridge, developed at the University of Maine Advanced Structures and Composites Center, is a major advance in maintaining and building durable less expensive bridges — and is in demand
Sponsored by Kennebunk Savings Bank
With 2026 coming up fast, Maine businesses are preparing for Maine Paid Family and Medical Leave program to take effect.
The program is designed to protect paid leave for up to 12 weeks a year to care for an ill family member or bond with a new child. For employees, it's a great perk; for employers, there are challenges and costs associated with getting into compliance.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn More
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn More
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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