Whether it’s Betaspring introducing its latest accelerator cohort, the Slater Technology Fund announcing reinvestment in its portfolio companies, or the Rhode Island Business Plan Competition selecting its 2014 winner, startups get a lot of buzz in Providence – and the rest of Rhode Island.
What don’t always get as much attention are the stories behind these startups’ quirky, playful or practical names. The founders of these five local technology startups based in Providence, Pawtucket and Newport shared the rationale behind their companies’ names with Providence Business News.
Five alumni of the University of Rhode Island, including three native Rhode Islanders, will celebrate their homecoming to the Ocean State with the grand opening on Wednesday of Norwood, Mass.-based IT firm Secured Network Services’ Providence branch.
Greg Woods has been the heir apparent at West Warwick electronics manufacturer Astro-Med since being hired as chief operating officer in the fall of 2012, as part of the company’s strategic growth plan. Around the same time the Rochester, N.Y. native officially took over as CEO at the end of January, Astro-Med announced the $6.7 million acquisition of competitor Miltope Corp.’s line of aviation printers. It was the first of what Woods hopes will be a series of expansion initiatives and will bring manufacturing now done in Alabama to the Ocean State. The average consumer will likely never come in direct contact with Astro-Med’s specialized printers and data-acquisition devices, but Woods says they have a bright future. more
The R.I. Department of Environmental Management has issued water quality certificates to Deepwater Wind LLC, deeming the company’s Block Island Wind Farm project to be in compliance with state wildlife protection regulations and the Clean Water Act.
GTECH S.p.A. saw its total revenue decline 2 percent to €781.3 million ($1.08 billion based on the exchange rate of $1.38 per euro on March 31) during the first quarter of 2014, compared with €797.5 million ($1.1 billion) for the same period a year earlier.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.