WALTHAM, MA—The business media is abuzz with the speculation that Waltham, MA-based privately held tech company Actifio may be getting ready for an Initial Public Offering (IPO) this summer. Actifio, the copy data virtualization company founded by Ash Ashutosh in 2009 and is currently valued at about $1.1 billion, is in talks to raise another $100 million from venture capital, paving the way for an IPO, reported Boston Business Journal.
The news was first reported earlier this week by Indian business daily The Economic Times. Ashutosh was quoted as saying that existing investors in the company such as North Bridge Venture Partners, Greylock IL, Advanced Technology Ventures, Technology Crossover Ventures and Andreessen Horowitz were likely to participate in the new round of venture funding.
WASHINGTON, DC—Washington Leadership Program, known as WLP, is now accepting applications from South Asian college students for the 2015 summer leadership program scheduled to take place from June 13, 2015 — August 7, 2015. All students who are either US citizens or legal permanent residents are encouraged to apply. Interns will receive a total stipend of $2,000 and will be required to complete 2-3 short writing assignments during the internship.
Editor's note: Beginning January 1, 2015, employers must notify the Occupational Safety and Health Administration of all work-related injuries that result in the hospitalization of an employee, including amputations or the loss of an eye. Previously, employers were required to notify OSHA when three or more workers were hospitalized. This strengthened reporting requirement will apply to virtually all private sector workplaces in New England.
WOBURN, MA--After 15 years of cross functional experience building sales and marketing SaaS solutions for the enterprise, Apparao Karri has co-founded Woburn, MA-based Cintell, a cloud-based customer intelligence platform that enables companies to better understand their buyers and make stronger, more customer-centric decisions.
WILMINGTON, MA-- CutisPharma, which supplies compounding kits to pharmacies, has filed for $20 million in equity financing with the Securities and Exchange Commission, according to local news media. Dr. Indu Muni serves as Chief Executive Officer of CutisPharma.
BOSTON—Sixteen entrepreneurs are working with the Harvard Business School (HBS) community this year as Entrepreneurs-in-Residence (EiR). Sponsored by the School's Arthur Rock Center for Entrepreneurship, the Entrepreneur-in-Residence program, now in its ninth year, invites experienced entrepreneurs to HBS to advise MBA students interested in starting companies and work with faculty on research and course development.
While poor posture is long-proven to cause a litany of adverse medical issues, one less tangible yet critical aspect is often overlooked: our personal image. Just look around any public venue and you'll notice that nearly everyone tends to slouch, making them far less alluring and seemingly less confident than if they were simply sitting up straight. Indeed, those with good posture exude a greater air of elegance, self-assurance, poise and, in a work environment, professionalism and a stronger presence overall.
TEWKSBURY, MA—Altiostar, founded by veteran tech entrepreneur Ashraf M. Dahod, unveiled its complete portfolio of carrier-grade, cloud-based, software-intensive radio access network (C-RAN) solution with Ethernet fronthaul that is designed to improve the quality of experience, enhance spectral efficiency, and significantly reduce Total Cost of Ownership of LTE access networks.
Aereo, whose innovative remote (cloud-based) antenna/DVR technology made watching television simple and user-friendly but ran into legal trouble, has filed for bankruptcy. Using Aereo's technology, consumers can pause and rewind any program that they are watching live, or save a program for future viewing.
HYDERABAD, India--Cigniti Technologies, North America's largest independent software testing services company, has expanded its management team by appointing Pradeep Govindasamy as its Chief Technology Officer (CTO). Pradeep was with Cognizant for 15 years and was one of the earliest members of its testing services practice.
BOSTON-- One of the nation's leading law firms, WilmerHale, has unveiled WilmerHaleLaunch.com, a new website that will be an important source of vital information, tools and connections for entrepreneurs to help support their success. Drawing on WilmerHale's extensive team of lawyers who work with startup founders and other entrepreneurs, WilmerHaleLaunch.com provides insightful, easy-to-understand and practical information about a myriad of topics related to the development of a company--from the formation of a novel concept through financings to a successful sale.
DUBLIN-- Research and Markets analysts forecast the Jewelry Market in India to grow at a compound annual growth rate of 15.95 percent over the period 2014-2019. Jewellery includes ornaments that are worn for personal adornment. Jewelleries are made of gold, diamond, and other precious metals such as platinum, silver, and gems.
In previous years we suggested purchasing Virginia Land Preservation Credits. A dollar of tax credit could be purchased for 75 or 80 cents, saving a significant amount of money on state taxes. In recent years, however, some of these credits were challenged. Some of the people who purchased them had to redo their tax returns. Now, 88 cents is one of the best prices available. You still have to pay short-term capital gains on what you save. As a result, we are not recommending them this year.
In December 2009, Tristina Elmes owed more money than she could pay in taxes and found herself in tax court. The IRS wanted to collect as much as they could as quickly as possible. During an IRS summons, Elmes chose to plead the Fifth Amendment because she didn't trust the IRS in its fishing expedition.