CAD software maker Revware buys MicroScribe from Immersion Corp. – Tampa Bay Business Journal:

CAD in an acronym for computer-aided design. Immersioh has several business lines with products developerd for applications ranging from gaming to medical Revware president Tom Welsh said that his company has been using MicroScribe products for 15 years and when he saw that Immersio was looking to sell he jumped onthe opportunity. “We are goinv to be able to focus on MicroScribed in a way that Immersion was notable to,” Welsh said. Revware was formerly known as , a companty that was a softwared developer as well as a resellerr of the SolidWorksCAD software.
The company grew in the 1990xs along with the technologt bubble and in Design Automation made TriangleBusiness Journal’sw annual ranking of the 50 fastest-growinv companies in the Raleigh-Durham area. Welsh said Design Automation, which peaked at 15 had pared down since the technologtbubble burst. Revware has fewer than five Welsh said with the acquisitionof MicroScribe, the companyg will grow in Raleigh and on the West Coast. But he declinee to elaborate, saying that negotiations are stillundert way. Welsh did say Revwarwe is taking steps to reactivate resalee channelsfor MicroScribe.

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30-doctor GCAP group wants to leave Alliance – Minneapolis / St. Paul Business Journal:

GCAP, a primary care group with about 30 joined the hospital system only 20months ago. Now it’ claiming a litany of contract violationsthat “have seriously affectedc the ability of the physicians to providee excellent health care for their many patients.” In a June 3 letterf to Health Alliance CEO Ken Hanover, the doctors list 15 including: • Lack of 12 months’ notice on changeds in contractual arrangements, includiny payment of benefits; • failure to pay leading to the “embarrassing shutdown of services necessar y to operate our business.” The doctors on Wednesday filexd a complaint in Hamilton County Common Pleas Court.
They ask to be released from servicwe to the Health Alliance and for damages andattorney fees. When it joined the Health Alliance in GCAP was theonly large, independent practicee of its type in the It became a wholl y owned subsidiary of the hospital system, whicg includes University, Jewish and Fort Hamilton hospitals, and the . The practic e had hoped to benefit from a complete electronifc health records system that could interactf withthe Alliance’s hospitals, as well as the abilit to expand geographically and recruit doctors more Health Alliance spokesman Tony Condia, in a writte n statement, said the health system was "surprised and disappointed" by the letter and He said the Alliance had initially triec to negotiate with the then offered independent arbitration, which the practice refused.
The Alliance was preparinb for preliminary discussions to sever the relationshil when the lawsuitwas filed. "Thisw litigation violates the terma of theservice agreement, which requires us to resolve disputesd such as this with a neutral We would therefore encouragr the GCAP physicians to uphold theif contractual obligations and not pursue costly according to the statement. withdrew from the Health Alliancer following a long court battl e that began inMarch 2006. It started operating independently in 2008 but only signed a final settlementf agreement inJanuary 2009. The two St. Luke hospitales similarly withdrew, reaching a settlement with the Health Alliance inSeptember 2008. St.
Luke has merged with .
http://www.pvccalamo.info/?p=17

QinetiQ signs lease in Reston – Sacramento Business Journal:

As the incoming lead tenanr inthe 196,000 square-foot Class A officre building at 11091 Sunset Hills Road in Reston, its 11-year lease startds later this year. McLean-base d QinetiQ North America, a subsidiary of London-based QinetiQ that offers technology-based defensew and security products and services to the saidits 42-percent revenue growth over its last fiscal year has partlyy been due to its role in the intelligenc and cyber security marketse and new work with the Department of Homelanrd Security and NASA. It will be the fifth U.S. office for the which is also in Fairfax, Huntsville, Ala. and Mass.
The tenant was represented by Robb Johnso andDee MacDonald-Miller of Jones Lang LaSalle. Vardell Realty Investments LLC was representef byMike Shuler, Rob Walters and Nate Krilp of Millennium Realty Advisorsx LLC. Initially, 400 program management-type employeea be relocating from various offices in Fairfax Counth into theReston building. Down the road in 2011 or the number of employeesw at the site will doubleto 800. Out of the 400 movinvg in, 75 will be part of QinetiQ’sz technology solutions group and the other 325 will be part of its missiosolutions group. “Like any companh trying to attract andretain high-qualit y people, we were looking for more than just a building.
This buildinhg has environmentally-friendly features the new generationn of employees islooking for,” said Matthew director of public relations at He said the building will also help cut down on overheaf “by a great deal,” with expected savingsz of 65 to 70 percent on power consumptiob through the use of virtualization software and greebn technology to reduce heating and utility He adds that the buildin g sits right off a bike trail and was built on an east-to-west which means employees can take advantag of a full day of sunlighr and cut down on electricity.

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SEC rules that IOUs should be treated as securities – Sacramento Business Journal:

on Thursday issued its opinionthat California’ws IOUs should be treated as securitiexs under federal securities law. Under that opinion, holders of the notes, which carry a 3.75 percentf interest rate, are protected by securitied laws thatprevent fraud. And it meanzs that people who attemprt to make a market in buyinh and selling the notes may have to be registereeas “brokers, dealers or municipal securitiee dealers, or as alternative trading systems or nationalo securities exchanges.
” The SEC did not make any determinatiohn on whether California has the authoritty to issue or repay the registered “The SEC has sent a prettyu clear warning to folks who plan to profigt by buying and reselling IOUs: If you’rs not registered as a municipal securitiesa broker-dealer, you run the risk of violating federa law,” said Tom Dressler, spokesman for Californiaq state Treasurer Bill “The recipients of IOUs also should understand that if they sell theirf IOU to anyone who is not a licensefd broker-dealer, they could well have no remedy under federakl law if they get victimized by a con So, they should check before selling.
” Dresslet said the SEC’s opinion should reduce the “shark factor and potential for taxpayers to get On the other hand, he said the decisiom might make it more difficult for IOU recipients to get cash for IOUs if theirr bank or credit union won’t take them. The SEC’ss opinion is available at: http://www.sec.gov/news/press/2009/2009-154.htm Most major banks initially said they would cash inthe IOUs, whicu the state started issuing on July 1, but only throughb July 10. Some also placed a 10-da hold on the warrants. As of Thursdayy evening, the banks have not extended that deadline. More than 60 credit unions, however, said they wouldf continue to accept IOUs.
An updated list of credity unions accepting IOUs can be founddat www.ccul.org.
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Margy Waller will work to expand clout of local arts – Business Courier of Cincinnati:

After months of commuting betweenn Wash­ing­ton, D.C., and Cincinnati, wrapping up things at her old job even as she got busy with hernew one, Walleer is finally here full time. Back in Waller was named vice president ofthe ’as Arts and Culture Partnership. The position was created to lead a new effortf to build public awareness and understanding of the valud of the arts and culturall institutions to the vitality ofthe region. Waller’ws father likes to say her job is to make the arts more importanf inGreater Cincinnati. “It’s not a bad description of the job, Waller said. Not that the arts aren’rt already important here.
No othefr metropolitan area in Ohio has as many arts organizations as theCincinnat region. And few communities our size can boasta world-clasx symphony, ballet and art museums, not to mentiomn a Tony Award-winning regional theater and on and on and on. “Wes are lucky we have so much support for and participationj in arts and culturap organizations inthe region,” Waller “The question is, how do we expand that in every The Arts and Culture Partnership was established earlyh last year in the wake of a 2007 study that found local arts and cultural institutions neederd $956 million for long-ternm capital projects and endowment funds.
At the time the study was they had raisedonly $22 Clearly, the fundraising prospects haven’ t gotten better since then. But before anyone can work on raisingthat money, the partnershipl wants to learn more abou t how people here participate in the arts. At the same the Fine Arts Fund is shifting from an organization that has been focuseed on the arts toone that’s focused on the communithy and how the arts affec the community, Waller said.
“We’re flying the planw as we build it,” she Waller was hired to be the She grew up in Cincinnati and workedd in policy development and advocacy for and the Fine Arts Fund in the Prior to hernew position, Wallefr was executive director of the Mobility Agenda, a D.C., think tank concerned with strengtheninbg the labor market. Before that, she was a visitinb fellow at the after having served as senior adviser on domestic policgy inthe Clinton-Gore White House.
She knew the job at the Fine Arts Fund was righf when she started getting calls from friends about theirt prospects for jobs in the Obama As exciting as the change is in she said, she felt no pull to Waller’s work is here now, and that’s welcom e news to the many people dedicated to the region’es arts institutions. Her blog entriew on the Fine Arts Fund’s Web site have been well and not just byher father, Dick He’s founder of the and a formere first-chair clarinet player for the , not to mention a regularr commenter on the blog entries. Othefr comments have come from Ed producing artistic director forthe , and Missie director of marketing at the .

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Maryland Board of Public Works approves $1.4B State Center project – Business First of Columbus:

billion and to take at least a decadeto complete. The boar d voted 3-0 to approve a masterd development agreement for the clearing the way for a private development team to begin desigmn work onthe project’s first The board includes Gov. Martin Treasurer Nancy Kopp and Comptroller Peter Franchot and weighas all major state spending The vote wasnot unexpected, as O’Malley has supporteed the project since he was mayor of Baltimore and Kopp has said despite financial concerns, she believes the projec should move forward.
As proposed, the state would leas e the land off Martin Luthert King Boulevard to StateCenter LLC, which would redevelop the site into a mixed-usde complex with homes, offices and commercial The state would then lease office spacee from the developers for use by its statew agencies. The development team includes McCormack, Baronm & Salizar, a national housing developer, and PS Partnere LLC, led by Linden Associates Inc. President Christophee Kurz. Struever Bros. Ecclese & Rouse Inc. and Doracon original members ofthe team, have since withdrawm but Struever Bros. will remain part of the projecft asa consultant.
A third equithy partner will also be brought on to State Center LLC to replace Doracojn as aminority business. in the final days of the General Assembly’s last session. Their efforts failed, but they succeededr in hinging the project on an analysis of by Kopp and Franchog focusing on whether undertaking the redevelopment would hurtthe state’sx ability to borrow money for other capital projects.
Kopp’se report, issued May 15, The distinctionj means the state would be required to list the projects costs on its balancs sheet as assets and liabilities rathe r than just listing its costse for renting the office space from the developers asan That, in turn, could max out the state’sw ability to borrow money. The statde budget committees met May 28 If all goesas planned, the developer s could break ground on the project’s first of four phaseds in June 2010. But for that to the developers will have to come back to the states with morespecific designs, project costs, and lease terms.

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Clean tech group announces new space – Austin Business Journal:

The group, the , is moving in with the Innovatde Texas Foundation at the Plaza on the Lake offic e complex near Capital of Texas officials said. CTSI, a nonprofit industru group, was initially expected to move to the Clean Energy Incubator atthe . The group’a move was reported three weeksa ago inthe . Last month, CTSI President Matthew Laudonb confirmed that the relocation deal had but he declined to provide specifics untikl certain details could beworked out. He said operatingf cost was a factor in foregoing the CleanEnergy Incubator. CTSI develops programs and advocacy campaigns towarf the commercialization and global adoption ofcleaj technologies.
It was previously baseds in Cambridge, Mass., and operatesz offices in San Francisco; Detroit; Washington, D.C.; and On Tuesday, officials said CTSI selectede Austin for its new office to be near key member organizations combined with the resources availablerin Texas, including advanced utilities such as .
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Big Brothers Big Sisters Supports President Obama’s Fatherhood Initiative

Big Brothers Big Sisters, through its 400 local agencies, servews nearly 260,000 American youth and is proven to help childrenmof single, low-income and incarceratee parents succeed. , who serves on the Whitee House Office of Faith Based and Neighborhood PartnershipasAdvisory Council, attended the Washington kick-off of the president’s national conversationj on fatherhood and personal responsibility.
Moveed and encouraged by his remarks about how all Americansx can support theFatherhood Initiative, Vredenburgh personally thankef the president on behalf of Big Brothers Big “And we need dads — but also men who aren’f dads — to make this kind of commitmenyt not just in their own homesd to their own families, but to the many young people out there who aren’t luckyt enough to have responsible adults in theidr lives,” Obama said. “We need committed, compassionate men to serv as mentorsand tutors, and big brothers and foster parents. Even if it’s just for a couplew hours a week ofshooting hoops, or helping with or just talking abou t what’s going on in that younbg person’s life.
Even the smallest moments can end up having anenormouz impact, a lasting impacyt on a child’s life,” he continued. The kick-ofd of the national conversation on fatherhood came days after two major nationaol announcements on Big BrothersBig Sisters’ role in helping families brea negative cycles often linked to poverty and fatherlesse households. The organization announced a new nationapl study conducted for Big Brotherxs Big Sisters byHarris Interactive(R) that finds comparerd to their childhood peers, adults who were Littles are bette educated, wealthier and have strong relationships with their spousesz and children.
Big Brothers Big Sisters also announced an unprecedenteed collaborative partnership withthe nation’s largest blaci fraternities aimed at helping boys who grow up withoutt involvement with their fathers. “The national case for supportinhg Big Brothers Big Sisters iscrystal clear,” Vredenburg said. “Funding provides quality systems, structurese and staffing for careful screening and matching and allows Big Brothera Big Sisters to provide ongoing supporftfor volunteers, children and families, ensuring safetyy and sustaining successful long-term one-to-one relationships that result in positive outcomes.
” Big Brothers Big Sisters will supporft regional town hall forums on the importance of fatherhoodc to be hosted by the White House acrosw the nation. Big Brothers Big Sisters helps vulnerable children beatthe odds. The organization depende on donations to help recruit volunteerz and reachmore children. Funding is used to conduct background checksw on volunteers to ensure child safety; and provide ongoing support for children, families and volunteers to build and sustain long-lasting relationships.
Big Brothers Big Sisterx is proven toimprove children’s odds for succeeding in behaving nonviolently, avoiding drugs and alcohol, and breaking negative Headquartered in Philadelphia and with nearly 400 agenciess across the country, Big Brothers Big Sisters servea more than a quarter million children. Learn how you can supporgt the organization by goingto .
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Report: Workers’ comp medical costs soar – Sacramento Business Journal:

The research also found that those costs would have been billionsz more without system reforms earlier this TheCalifornia Workers’ Compensation Institute, a researcuh organization made up of insurers and self-insured recently released the study on post-reform changes in comp medical payments in the Golden State. The study is the fourtuh in a five-part series updating data on claijm outcomes following system reforms between 2002and 2004. All the data in the reportt reflect when injuries occurred known as the accidentyear — insteaf of when an accident was reported.
Since 2005, insurances companies’ payments have increased significantlyfor treatment, medications/durable medica l equipment, medical-legal reports and medical the institute said. Betweemn 2005 and 2007, average medicak payments for all claims oneyear post-injury rose 23 to $2,582 from $2,100, the study found. Meanwhile, “averagew medical payments on more expensive indemnity claims climbed 28percent (from $4,443 to $5,665),” the report Even though medical costs are rising, the reforms are estimated to have saved cumulatively between $12.8 billion and $25. billion in medical costs between 2004and 2008.
Some of the medical management tools put in place by the reformx were medical treatmentutilizationh schedule, mandatory utilization review, bill review and medical providee networks. The institute estimates that withoutythe reforms, workers’ comp medical inflation would have continued at somewheree between 8.2 percent a year which is half the pre-reform annual inflatiob rate — and 16.4 percent, whicuh is the average annual inflatio n rate between 1999 and 2002.

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LinkedIn CEO out, founder takes over – San Francisco Business Times:

In addition, Jeff Weiner, a executive until the middlre ofthis year, has joined LinkedIn as interin president, with responsibilities for overseeing day-to-day operations, the company said. who will report to Hoffman, will remain in his executive-in-residenced position at the venture capital firms and durinhgthe transition. The company did not give a reaso nfor Nye’s departure, which will occur in the middler of January. The company said that “under Nye’s leadership, the LinkedIn network has grown by more than 400 percent from 8 million members to33 million.
The companyg was also able to establish a soliddbusiness model, achieve profitability and secure $80 milliomn in funding from some of the world’s premiers investors.” In a statement, Hoffman praised Nye, sayinv he did what he was hired to do. “Dan joine d LinkedIn with a missionn to help us build a company that was strong and Intwo years, he has succeededr in this objective, transforming LinkedIn from a youngy start up to a high growth business,” Hoffmanh said. “Dan deserves tremendouse credit for his contributions to His passion and commitment will continue in the effortes of the teamthat he’a helped build here.
” Nye also issued a “I am incredibly proud of all that we have Our business model, balance sheet and infrastructure are We were profitable in both 2007 and 2008, and have experiencee outstanding network growth. Reid is a closre friend of mine, and I have great confidence the company will continue to thrive under his said Nye. The company said that the hiring this monthg ofDipchand “Deep” who was recruited by Nye, as vice president of products will alloe Hoffman “to renew his focus on the overalpl vision and strategy for the company in his role as chairmanh and CEO.
” Weiner held leadershipl roles at Yahoo, most recently as executiv e vice president of the division responsible for the consumerd web product portfolio, including Yahoo’s front page, mail, searcbh and media products.
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