Tech Town, NC

Durham, NC company Motricity has acquired Inofspace Inc’s mobile services unit for approximately $135 million in cash. The deal brings together two of the major players in the mobile software and content delivery sector.
Motricity comes out of this looking like a force to be reckoned with, boasting the software that powers the start […]

[Read more →]

TechJournal South is hosting their Triangle area get together next week on Thursday October 18th from 5:30-9:30 at the Durham Centre Building.
The event draws a few hundred members of the information technology and biotechnology sectors. The crowd tends to be a good mix of people involved with web technology, biotech, and some […]

[Read more →]

Jason Caplain of Southern Capitol Ventures is being kind enough to host another Meet a VC Day this Friday, September 28th. The event offers entrepreneurs the chance to sit down for a 15 minute meeting with both a VC, Jason, and a successful entrepreneur, ChannelAdvisor’s Scot Wingo. The meetings will be held at […]

[Read more →]

TechCrunch reports that Hulu has acquired Beijing-based video sharing site Mojiti.com. Not much has been written about Mojiti, which, just for references’ sake, has an Alexa ranking of 108,289 at the moment, so this acquisition is a bit of a surprise/out of left field.
So why Mojiti? The selling point of Mojiti, as far […]

[Read more →]

Michael Arrington and Ted Murphy, of TechCrunch and PayPerPost, respectively, are engaged in another round of finger-pointing publicity. The post that started today’s debate can be found here .
Mike, as is well known, thinks PayPerPost is a corrupting force in the blogging community, warping the will of the (arguably) noble blogger. Mike is […]

[Read more →]

TechJournal South reports that Don Rainey is departing from Durham-based InterSouth Partners, leaving them without a DC team member, at least for the time being. Rainey is taking a position with Grotech Capital Group, another Mid-Atlantic VC firm.
There a couple quick takeaways to be had here. It looks like Grotech is […]

[Read more →]

A survey by the Mid-Atlantic Venture Association (MAVA) shows optimism in the Venture Capital community. The report stresses the outlook for the near to mid-term, rather then the current situation, which is a slightly different tack than most VC reports take. However you spin it, things look pretty healthy in the Mid-Atlantic economy […]

[Read more →]