Category: Software

Broomfield software firm App-X rebrands as Altvia

BROOMFIELD — Application Experts, a 10-year-old software company commonly known as App-X, has rebranded as Altvia in an attempt to better align its name with its services.

The company’s software helps private-equity and venture-capital firms streamline the flow of communication and information between fund managers, portfolio companies and limited partners or prospective investors.

The first part of the Altvia name, company officials said, is a nod not only to alternative investments, but also to height or ascension. Combined with the Latin via, meaning road or way, they said the new name reflects the company’s drive to help clients create “a path to the top.”

“We have a lot of wind in our sails in terms of momentum, and we felt like now was the right time to do it, to have the name of the company and the branding match what we’ve been doing all along,” CEO and founder Kevin Kelly said in an interview.

Kelly said Altvia is projected to hit revenue of between $4.2 million and $4.3 million this year, up from $2.7 million just two years ago. The company has 27 employees, all based at 590 Burbank St. in Broomfield, where the firm earlier this year nearly doubled its office space.

Kelly said he expects to continue adding two to four employees per year, as well as add offices in other cities known as more-traditional financial centers in the near future.

Altvia went through the Techstars startup accelerator in 2008, but took the course after that of bootstrapping the business rather than raising outside capital.

Kelly said Altvia is actively looking at options for expansion and doesn’t rule out raising capital in the future.

“But we’re a very viable growing concern as we are without that,” he said.

Datavail Corp. acquires SC-based software firm 

BROOMFIELD —  Datavail Corp., a provider of managed services for data and database administration, has acquired Art of BI Software, an Oracle analytics consulting company.

Financial terms of the deal were not disclosed.

In addition to consulting expertise, the acquisition brings to Broomfield-based Datavail a range of software products that will expand Datavail’s expertise in the Oracle Business Intelligence Enterprise Edition platform and Hyperion, a management software acquired by Oracle in 2007.

The Oracle platform can provide interactive dashboards, ad hoc queries, mobile analytics, notifications and alerts, enterprise and financial reporting.

Christian Screen, founder and chief executive of Art of BI, headquartered in Fort Mill, S.C., will become the leader of Datavail’s Oracle BI practice.

“We’re excited to bring Christian and his team on board to expand and deepen our expertise in Oracle’s offerings in the BI and analytics space,” Scott Frock, Datavail’s chief operating officer, said in a prepared statement. “This acquisition aligns with our core vision to be a leader in helping clients manage and leverage their data.”

Datavail manages the databases of some of Oracle’s largest and most complex database installations, and works with those clients for end-to-end support, including installation, configuration and managed operational support.

Alticast Corp. promotes Fallon to president of Alticast Americas

BROOMFIELD — South Korea-based Alticast Corp., a provider of software used by the global pay-TV industry. has promoted Mike Fallon to president of Alticast Americas, which is based in Broomfield.

Fallon previously headed Alticast’s North American customer-engagement activities. He now takes over Alticast’s business strategy and operational activities in the North American and South American markets. John Carlucci, who had served as president and chief technology officer of Alticast US, will devote all his time as CTO, identifying and commercializing new technologies that can drive business results for pay-TV operators.

“Our success with Videotron, our APAC customers and other operators in North America and worldwide have generated numerous new business and technology opportunities,” said Mansoo Han, Alticast Corp.’s chief executive. “The appointment of Mike Fallon will better enable us to leverage his strategic and leadership skills, while freeing John Carlucci to accelerate the technology solutions that the market is demanding.”

As head of Alticast’s North American professional services efforts, Fallon has helped to drive three consecutive years of increasing revenue growth. During that time, he has worked directly with Tier 1 North American pay-TV operators to determine their business objectives, and has built and leveraged an Alticast team that has expedited the creation of solutions that are meeting customers’ needs.

Section.io closes $1.5M seed-funding round backed by Boulder VCs

BOULDER — Section.io Inc., a 4-year-old Australian company whose founders recently moved the company to Boulder, announced Wednesday it has closed a seed-funding round of $1.5 million.

Section.io raised $800,000 of the round in March.

The completed round was led by venture capitalists in Boulder, including Tahoma Ventures, Blue Note Ventures, Galvanize Ventures and Techstars Ventures.

Section.io operates a content delivery network used by high-traffic web sites. The network is integrated with agile development workflows. Section.io gives engineers more control and flexibility to drive website performance and security.

Ari Newman, a partner at Techstars, said the group is excited to add Section.io to the Techstars Ventures portfolio.

“Their technology bakes website scaling in at the most fundamental level, and will change how the content delivery network industry delivers value going forward,” Newman said. “By bringing agile development workflows to the CDN industry, section.io has integrated the last bastion of the web application delivery stack with agile development workflows.”

Section.io in a prepared statement said it is adding to its sales and development teams. Additionally, the capital will allow the company to focus on partnerships with hosting providers, content management system providers, agile development tools and other complementary software-as-a-service products.

e-Chromic CEO Loren Burnett takes post at 10-4; wife replaces him

BOULDER — Along with its independence from its Arizona-based founding parent, 10-4 Systems Inc. has gained an experienced executive.

Loren Burnett, co-founder and chairman of Niwot-based e-Chromic Technologies Inc., has become chief operating officer and chief financial officer at 10-4, a Boulder-based provider of supply-chain technology for freight carriers, brokers and shippers.

Burnett’s wife, Richelle Burnett, meanwhile, has taken over her husband’s former position of chief executive at e-Chromic. Richelle Burnett, who cofounded e-Chromic, also is CEO of Boulder-based Madison Assessment LLC, a provider of computer-based assessment tests.

Founded as US e-Chromic in 2011, e-Chromic Technologies is a clean-tech developer of electrochromic thin film for retrofitting windows, using a technology created and patented by the National Renewable Energy Laboratory in Golden.

Loren Burnett will act as chairman of e-Chromic, which he said in a phone interview Wednesday currently has three employees and is in the process of raising funding for expansion.

A mentor for Boulder-based technology accelerator TechStars, Loren Burnett also founded RLB Technologies, which commercialized technology from universities and research labs. In February 2010, RLB launched Madison Assessment.

Burnett assumed his new position June 21, the same day 10-4 completed its spinoff from Phoenix-based GlobalTranz. That move allows 10-4 to focus on product development and customer acquisition.

“I got introduced to 10-4 by an investor, and the opportunity here is one that comes along once in a lifetime,” Burnett said. “We have a huge opportunity to become the next billion-dollar company in the region.”

Burnett described 10-4’s mission as the “Uber-ization of the transportation industry, primarily focused on trucking. Uber  provided visualization. You know how, in your Uber app, you can look at your phone and see where the little cars are? Their software matches cars and supplies with people needing rides. It’s an Uber-like visualization to the trucking industry because we match supply — the carriers — with demand — the shippers.”

The software has limitless potential, Burnett said, because “there’s virtually nothing you can look at that hasn’t been delivered by a truck at some point or other.”

Founded in 2012 as a division of GlobalTranz, 10-4 has 55 employees based at 4888 Pearl East Circle in Boulder and is actively hiring, Burnett said. The open positions are “predominantly software engineers and integration specialists,” he said, noting that it’s a challenging process because “demand for software engineers in this area is outstripping the supply.”

Last month, 10-4 Systems — under the direction of president and chief executive Travis Rhyan — raised $13.9 million of series A financing led by GlobalTranz’s co-founder, Andrew Leto.

Report cites $50M-worth of unfilled software jobs in Boulder

BOULDER — Software companies in the Boulder area are struggling to find qualified applicants to fill open jobs even though they’re offering some of the highest wages in the country and operating in an area with the U.S.’ fifth-highest concentration of software developers, according to a new report.

According to the report released Friday from ACT, The App Association, about 460 software-development jobs are unfilled in Boulder, with an average salary of $110,000 — about twice the average overall salary in the area.

The report, titled “Six-Figure Tech Salaries: Creating the Next Developer Workforce,” is online.

Software developers contribute more than $600 million in annual income to the Boulder-area economy, the report found.

“Boulder has one of the highest concentrations of software developers in the country, but there aren’t enough to meet demand,” said Jonathan Godfrey, vice president for public affairs at ACT, The App Association. “This means that about $50 million in annual income is left on the table by companies unable to hire developers.

“The problem is that we aren’t teaching students the necessary skills from an early age,” he said. “Barely one in eight high schools teach AP (advanced placement) computer science across the country, which leaves many students unable to pursue it at the college level and qualify for these lucrative jobs.”

Prospects for Boulder students are slightly better than the national average, the report said, with 20 percent of high schools offering AP computer science. That still leaves the vast majority of local students without access to the course.

“To meet the needs of the global, high-tech economy, we must provide all students with access to a top-quality education in science, technology, engineering, and math (STEM) fields, no matter their zip code,” said U.S. Rep. Jared Polis, D-Colo. “In Colorado, high-tech businesses are constantly scouting out skilled workers for good-paying jobs with room for promotion.”

Interactive maps in the online report show where software developer jobs are, how much they pay, and where to find openings. It also reveals which locations teach AP computer science and where computer science education needs are the greatest. Users can zoom in and out to see data by region, state, city, or congressional district.

According to the report, nearly a quarter-million job openings for software developers remain unfilled across the country. It contended that location doesn’t matter because 89 percent of software engineers work outside California’s Silicon Valley and four out of five top-grossing U.S. app companies are from outside that area as well.

Meanwhile, it said, barely one in eight high schools offer AP computer science courses.

The Washington, D.C.-based ACT, The App Association represents more than 5,000 app makers and connected device companies in the mobile economy.

Louisville-based GHX acquires Omaha software firm

LOUISVILLE — Health-care supply chain company Global Health Exchange LLC in Louisville said Tuesday it has acquired Omaha, Neb.-based H-Card LLC that provides automated payment-management software and services to health-care providers and suppliers in the United States.

Financial terms of the deal were not disclosed.

The acquisition, GHX’s second in 19 months, expands the company’s financial-products portfolio.

H-Card LLC, which uses the brand Hap-X, will operate as a wholly owned subsidiary.

The combined product offering gives GHX the ability to provide customers both software and services within the health-care supply chain.

The Hap-X payment exchange enables providers and suppliers to align payment, remittance and reconciliation information together to create operational efficiencies for both providers and suppliers.

“Hap-X is a great addition to the GHX family,” said Bruce Johnson, GHX’s president and chief executive. “This is an acquisition our customers have been asking us to complete in order to help them solve the payment-management challenges that are adding costs to health care.”

GHX offers cloud-based supply-chain management technology and services. GHX has an electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, and other supply chain-related tools and services. About 4,000 hospitals and 18,000 provider facilities are clients of GHX.

New Hope Network, Sovrn Holdings to move into renovated east Boulder space

BOULDER — Construction is underway on a 60,000-square-foot renovation of and addition to an old warehouse building in Flatiron Park in east Boulder that when completed will house employees of Penton’s New Hope Network and Sovrn Holdings, two companies already in Boulder.

The building at 5541 Central, owned by Goff Capital Partners LP, will be called The Loading Dock. Designer OZ Architecture is reusing the former warehouse and a loading dock that will serve as an elevated boardwalk that connects to the indoor office. OZ Architecture has offices in Boulder, Denver and Colorado Springs.  Boulder-based Quinlan Construction Inc. is the general contractor for the project.

 

New Hope Network, which provides services to businesses in the healthy lifestyle products industry, will move from its downtown headquarters at 1401 Pearl St. and occupy 30,000 square feet. Tech firm Sovrn Holdings, which helps publishers grow their businesses on the Web, will move from its offices at 1750 29th St. and will occupy 30,000 square feet.

An architectural rendering shows a portion of the interior of The Loading Dock. (Courtesy OZ Architecture)

An architectural rendering shows a portion of the interior of The Loading Dock. (Courtesy OZ Architecture)

Both companies will be leasing space.

The renovation is incorporating cross-laminated timber, which is made from engineered wood panels laminated together in alternating directions and has the look of heavy, old-growth lumber. Using cross-laminated timber offers waste reduction and environmental benefits because it is sourced using sustainable forestry practices and the boards are precisely pre-cut, which creates less material waste. The pieces arrive organized and numbered, allowing the building to be assembled on site. The primary structure of The Loading Dock will be erected in approximately one day later this month, according to spokeswoman Cori Keeton Pope.

The project also is incorporating photovoltaic roof panels, and energy-saving mechanical, electrical and plumbing systems.

Editor’s note: Due to inaccurate information initially provided to BizWest, the size of the project and the amount of space New Hope Network and Sovrn Holdings will occupy was corrected June 14.

 

 

Woot Math raises another $1.3M to help kids conquer fractions

BOULDER — Local venture-capital firm Foundry Group has provided another cash infusion for Boulder education-technology startup Woot Math, which makes a suite of software applications aimed at boosting students’ understanding of fractions.

Woot Math, officially Simbulus Inc., disclosed recently that it raised $1.3 million in a new funding round that comes just more than a year after Foundry Group invested $1 million in the company.

Cofounder and CEO Krista Marks said this week that the money will be used largely to continue building out Woot Math’s tools and platform, though the company also plans to start bringing in revenue this fall.

Woot Math makes interactive instructional tools that students can access on Chromebooks and other mobile devices. Woot Math will also launch a new polling tool this fall that allows teachers to do real-time assessments in the classroom to gauge how well students are grasping specific concepts and where they might be stumbling.

The company is also working to convert pilot users of the platform from the recently completed school year to paid users for the coming 2016-17 school year. Inundated by requests to pilot the program last year, Woot Math made the decision to make its software free for the 2015-16 year. That led to the company having more than 8,000 teachers using the platform with more than 80,000 students across all 50 states, including significant usage in the Boulder Valley and St. Vrain Valley school districts locally.

The software will be licensed to schools on a subscription basis for roughly $4 per student per school year.

“We’re having a higher conversion than we expected, so we are very encouraged with the conversion from free to paid so far,” Marks said.

Woot Math first launched its product in the fall of 2014 but prior to that had run a year-long efficacy study funded in part by a $180,000 grant from the National Science Foundation to test the effectiveness of Woot Math’s applications in about 350 students. In addition to the new funding round, Woot Math recently received a follow-on NSF grant of $750,000 that will enable the company to do a much larger study in the fall that includes roughly 2,000 students.

Based in downtown Boulder, Woot Math has seven full-time employees and five contractors, and Marks said the firm could add a couple of more over the coming year. Most of the company’s growth this year will be fueled by the team already in place, she said.

BizWest 500 highlights largest, fastest-growing companies

Purchase this new publication by clicking BizWest 500. For a preview of the content, here’s the first page.

Welcome to the BizWest 500, an ambitious undertaking that highlights the largest or fastest-growing companies throughout the Boulder Valley and Northern Colorado (and the highest-paid executives).

This special edition of BizWest aggregates content that previously had been published over a span of many months, but it also represents a dramatic increase in the data that we publish on the region’s largest private- and public-sector employers.

In these pages, you’ll find:

• The Mercury 100 list of the fastest-growing private companies in the Boulder Valley, along with five profiles of interesting companies on the list.

• The Mercury 100 list of the fastest-growing private companies in Northern Colorado, along with five profiles of interesting companies on the list.

• A list of the Top 25 highest-paid executives of public companies.

• A list of the 50 largest public-sector employers, including municipalities, counties, universities, federal laboratories, etc.

• A vastly expanded list of the region’s largest employers — 200 companies listed, compared with 50 published last year.

• A list of the largest publicly traded companies based in our region. (We’ve stretched this a bit, opting to include a handful of companies that have shifted their headquarters to the Denver area or other nearby cities, but which retain a significant presence in our region.)

All told, these lists represent the largest number of ranked lists we’ve ever published in one issue, outside of our annual Book of Lists publication.

Most companies cited in these lists responded to our surveys. Others are included based on BizWest estimates, reports by economic-development agencies, news accounts or other sources. Data for the public companies and highest-paid executives lists came entirely from the U.S. Securities and Exchange Commission.

This endeavor represents many months of work by our staff, especially our chief researcher, Chad Collins. As with any undertaking of this magnitude, errors and omissions are likely. In particular, our lists of the largest private-sector and public-sector employers will continue to be refined and expanded. If you’d like to see your company included — or if you spot a mistake or other omission — please contact Chad at ccollins@bizwestmedia.com.

It should be noted that we’ve opted to include aggregated numbers for some employers, such as major health systems, as well as numbers for some of their constituent institutions, i.e., a hospital within the system.

If you have a suggestion for the BizWest 500 next year, please feel free to contact me at the number below.

Christopher Wood can be reached at 303-630-1942, 970-232-3133 or cwood@bizwestmedia.com.