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Nautic Partners completes sale of Agilex to MidOcean Partners
MidOcean Partners acquired Agilex Flavors & Fragrances from Providence-based middle-market private equity firm Nautic Partners LLC on Dec. 19, 2012, MidOcean announced Wednesday. more
| 1/10/13
Newspapers selling property to cut costs
Newspaper owners, struggling with plunging demand and advertising spending at a six-decade low, are squeezing money out of the assets they do have with rising value: buildings and land. more
Bloomberg News | 1/21/13
Newberry plan looks to utilize cloud technology
PROVIDENCE – Rep. Brian C. Newberry, R-North Smithfield, this month introduced two bills on government computing, including one to create a study commission to determine the state’s potential savings in adopting and converting to virtualized, cloud-based computing. The other would authorize the Department of Administration to incorporate virtual cloud-based technologies so that agencies can obtain maximum effectiveness in the management of public resources. more
1/21/13
Slater invests $250K in Absolute Commerce
The Slater Technology Fund has committed $250,000 in funding to Absolute Commerce Inc., a company developing solutions to make it easier and cheaper for large companies to purchase the goods and services they need. more
| 1/15/13
Climate change curbs may cost $700B a year, report shows
About $700 billion a year of new spending on renewable power, low-carbon transport and energy efficiency is needed to meet the United Nations goal to cap temperature rises, a report for the World Economic Forum showed. more
Amgen plans $200 million facility in Singapore
Amgen Inc., one of the world’s largest biotechnology companies, plans to invest $200 million on a new manufacturing facility in Singapore. more
Cranston library offers Internet safety, privacy class
In conjunction with Broadband RI, the Cranston Public Library is offering two classes focusing on Internet safety and privacy. more
Cloud Silver Lining awards 2nd annual IT Innovation Award
Cloud-based IT services company Cloud Silver Lining has awarded its second annual IT Innovation Award to Kevin Nikkhoo, CEO of Los Angeles-based security-as-a-service company CloudAccess. more
National Grid storm updates go mobile
In an effort to keep customers apprised on storm information and updates during a power outage, National Grid has gone mobile. more
Program helps boost computer sketch recognition
Brown University assistant professor James Hays knew computers have a good eye for art, especially detecting texture and shading in life-like representations of real-world images. more

By Patrick Anderson
PBN Staff Writer | 2/4/13

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