Category: Software

VMware slashing 38 jobs in Broomfield

BROOMFIELD – Software company VMware Inc. (NYSE: VMW) is laying off 86 employees in Colorado, including 38 at its office in Broomfield.

The figures come from a Worker Adjustment and Retraining Notification Act notice filed by the company with the state of Colorado. In the WARN notice, VMware officials indicated that the Colorado layoffs would begin in late March.

It isn’t clear how many total employees Palo Alto, Calif.-based VMware has in Broomfield. A VMware spokesman on Wednesday said the company doesn’t release localized employment figures. He said he believed the affected employees would receive severance packages.

VMware’s Broomfield office is at 380 Interlocken Crescent Blvd. The city of Broomfield offered an incentive package in 2008 worth more than $90,000 to locate the office in the city. Those incentives were contingent upon VMware maintaining 300 or more employees in the city from 2010 through 2019. However, an amendment to the agreement in 2010 reduced the minimum threshold to 150 employees.

VMware’s other Colorado cuts this week came at its office in Colorado Springs.

VMware makes software that helps run data centers and storage for large companies.

The cuts come as part of a larger round of 800 layoffs companywide announced by VMware this week as the company faces a reeling stock price brought on by the pending acquisition of EMC Corp. by Dell Inc. EMC owns a majority of VMware stock, and investors have been worried about what the Dell acquisition means for VMware, which had 18,000 employees worldwide before the recent cuts.

VMware’s share price has plunged more than 40 percent since the Dell/EMC deal was announced. They were down 10 percent to $44.44 as Wednesday trading neared closing time.

Company officials, in their quarterly earnings report this week, said they expect to take a charge of between $55 million and $65 million related to the layoffs, but reinvest savings generated by the cuts in “field, technical and support resources associated with growth products.”

Boulder-based Quick Left closes Portland office

BOULDER — Local software consulting firm Quick Left Inc., on Monday closed its Portland, Ore., office as it brings its full development team back to Colorado and looks to grow its employee count within the state.

Matt Work, CEO of the Boulder-based company, said in an email that Quick Left has offered relocation packages to all six of its Portland-based employees.

The office closure comes two months after Quick Left announced that it had divested Sprint.ly. Quick Left and Portland-based Sprint.ly, a maker of project-management software, had merged in 2014. But Sprint.ly founder Joe Stump bought the assets of Sprint.ly in November to once again make it its own company.

“Without critical mass of employees, local leadership, and without the local sales success (like we have in Colorado), we couldn’t justify our presence in the Portland market,” Work wrote. “We are eager to bring the development team (to Colorado) under the supervision and mentoring of our Colorado management team.”

Quick Left employs 35 people, with its headquarters in Boulder and an office at Galvanize in Denver.

Founded in 2010 by Ingrid Alongi, Quick Left has grown quickly. The company finished second on BizWest’s 2015 list of the fastest-growing private companies in the Boulder Valley, with revenue between $2.6 million and $6 million. The company had 2014 sales of $5.2 million, up from $2.8 million just two years earlier.

“We are continuing to eagerly hire software developers in the Boulder/Denver area,” Work said. “We also have been expanding our design team to meet market demand.”

Pivotal Software acquires Boulder-based Slice of Lime

BOULDER — Pivotal Software Inc., a software-development company based in Palo Alto, Calif., has acquired Boulder-based Slice of Lime LLC for an undisclosed amount.

Slice of Lime, founded in Boulder by chief executive Kevin Menzie in 2001, specializes in Web design and mobile apps using UX Design, a method that focuses on making the user’s experience as easy as possible.

Slice of Lime’s 20 employees will become employees of Pivotal Labs, the product design and development consultancy part of Pivotal Software, which spun out of EMC and VMware two years ago. Pivotal Labs and Slice of Lime each operated offices in Denver and Boulder. Slice of Lime’s offices in Boulder and Denver will be shuttered.

A spokeswoman for Pivotal on Wednesday said all employees of Slice of Lime will be integrated into Pivotal’s offices at 1701 Pearl St., No.  200, in Boulder, and 1644 Platte St. in Denver. She said Menzie will stay on with Pivotal.

Drew McManus, vice president of Pivotal Labs, said in a blog announcing the acquisition that “Slice of Lime is recognized not only for the world-class caliber of their work, but also for their outstanding workplace culture — fun, stimulating, and innovative — making them a perfect fit with Pivotal. We’re very proud of the design practice at Pivotal Labs. Combining Pivotal’s multidisciplinary UX and user interface design methodologies with Slice of Lime’s talent will help us meet a rapidly growing client demand.”

Lokay named general manager at Spatial Corp.

BROOMFIELD — Linda Lokay has been named general manager of Spatial Corp., a Broomfield-based company that makes 3-D software development toolkits for design, manufacturing and engineering.

Spatial is a subsidiary of French-based Dassault Systèmes (Euronext: DSY), which makes 3-D design software.

Lokay joined Spatial in 2011 as vice president for marketing and alliances. She previously ran her own marketing services and technology consulting firm, HexagonEC, and held key roles in product development and services with Valen Technologies and Vericept Corp. as well as management positions at Raindrop Geomagic and PTC.

Lokay served for four years on the board of directors of Boulder County Force, now the FC Boulder soccer organization.

She holds a bachelor’s degree in computer science from Indiana University of Pennsylvania.

Augur Technologies raises $912,000 seed round to boost development

BOULDER — Having pivoted to a new business model earlier this year, Augur Technologies Inc., closed recently on a $912,000 seed round that the company will use to hire engineers and continue development of its product.

Paul Foley, co-founder and chief operating officer of the Boulder-based startup, said Thursday that the plan is for the five-person company to roughly double in size by the middle of next year

Augur, part of the 2013 Techstars Boulder accelerator class, makes a device-recognition platform used by web-security and advertising technology companies to identify Web users.

For security firms, Augur’s platform assigns an identification number to computers and mobile devices. If, say, a smartphone user tries to log in to his bank account, Augur’s platform lets the security firm know that the device has been used to log in to that account before and that it’s OK. Conversely, if a hacker is trying to log in to the same person’s account, the security company would be alerted that an unknown device that has never logged in to the account before is trying to do so, prompting the requirement of some other authentication, such as response to a text message from the bank.

For ad tech companies, meanwhile, Augur’s technology helps them do a better job of personalizing ads to Internet users.

Rho Ventures and Igan Ventures led the Augur funding round.

“It allows you to grow a lot quicker than you would otherwise,” Foley said. “We’re pretty excited.”

Founded in 2013, Augur’s original idea was to create personalized landing pages for websites that would tailor the content shown based on who was viewing the site. That idea didn’t end up panning out, Foley said, leading to two of the original three founders of the company leaving earlier this year. That’s when Foley and Brandon Jimenez joined original co-founder Nawar Alsafar to launch the current iteration of the company.

Augur launched its new platform with 10 beta customers in January, with the official public launch in June of this year. Foley declined to disclose revenue so far, but said Augur now has 40-plus customers, including the likes of sovrn Holdings, Trade Desk and Rapt Media.

Augur is based at Galvanize’s Boulder campus at 1035 Pearl St., and Foley said the company doesn’t have plans to move beyond that right away.

Boomtown teams with medical group for ‘health-tech’ accelerator program

BOULDER — Startup-accelerator Boomtown is teaming with the Colorado Permanente Medical Group to launch a 12-week mentoring program for entrepreneurs who want to launch “health-tech” companies.

Boulder-based Boomtown has selected veteran health-care professional Tom Base to be the managing director for its HealthTech accelerator, which will invest in 10 to 12 startups during 2016. The startups will receive mentoring and seed-stage investments.

Applications for the session are being accepted here.

“Health-care systems around the globe are in the early stages of a monumental transformation to more innovative, patient-centric and value-based care models,” Base said. “Technology is one of the key drivers that will help us get there. We are very fortunate to partner with such a forward-thinking medical group like CPMG which will provide resources and serve as a validation platform for new and cutting-edge ideas.” Previously, Base was with Foothills Health Solutions, Mental Health Center of Denver and CHDI Management Inc.

Selected startups will benefit from the new Boomtown Connectivity Lab, sponsored by Comcast Labs, which will allow users to access the latest hardware and software in the Internet of Things market — including wearables — explore interactivity and communicate across virtually every major traditional and mobile operating platform. The lab is expected to open next month at Boomtown’s headquarters in Boulder.

Toby Krout, Boomtown’s co-founder and executive director, said he is excited to partner with CPMG. “They have a wealth of knowledge in health and a passion for innovation.”

The Colorado Permanente Medical Group is comprised of more than 1,110 physicians who care for more than 623,000 Kaiser Permanente Colorado members.

The fourth Boomtown is in session. Ninety percent of Boomtown’s first three classes are still in operation, and 78 percent of them are generating revenue, according to a prepared statement.

New acquisition, new HQ fuel Rogue Wave’s growth

LOUISVILLE — Powered by this month’s acquisition of Zend Technologies and growing into a larger headquarters space, software-development toolmaker Rogue Wave Software is gearing up for new hires to serve clients across five major web-development languages.

The company, which just moved from Boulder to Louisville, acquired Cupertino, Calif.-based PHP web and mobile-application developer Zend Technologies on Oct. 7. Zend, which was founded in Israel, drew its name from co-founders Zeev Suraski and Andi Gutmans.

Gaining Zend’s PHP-scripting expertise “still tells our code story, but to different people,” said Christine Bottagaro, Rogue Wave’s marketing manager.

“We focus at the code level, so people don’t start from scratch and can develop faster,” she said – “rich content without worrying about spell check.”

With half the web workload now running on PHP, including Magento, Drupal and WordPress, Zend products drive the scripting language from code creation through production deployment. “With the addition of Zend, we now have products that speed C, C++, C#, Java, and PHP development, reflecting how software is created today across languages, platforms, and teams,” said Rogue Wave chief executive Brian Pierce.

PHP is “a dynamic language, not pure code,” Bottagaro said. “With mobile banking, Internet of Things, all these things adding to what websites are asked to do, it’s no longer the window dressing on a website.”

The expansion of Rogue Wave’s scope is part of what led to its move from a 17,000-square-foot space at 5500 Flatiron Parkway in Boulder to a hilltop building it shares with Global Healthcare Exchange LLC at 1315 W. Century Drive in Louisville. The new space is about 20,000 square feet.

“We were pretty focused on high-performance computing, and we still continue to serve that community,” Bottagaro said. But when Rogue Wave acquired Broomfield’s cloud-based open-source software company OpenLogic in 2013 and source-code analysis vendor KlocWork in 2014, she said, “that story didn’t feel right any more” – especially in a space designed for 1980s-era cubicles.

“We were growing past what the office would support,” she said. “Toward the end, when we knew we were moving, we’d have to tell people, ‘Could you come in on Tuesdays and Thursdays? There’s somebody else in that cube on Mondays, Wednesdays and Fridays.

“We were looking for a way to rebrand,” she added. “We decided an open environment was something to be sought out. The Louisville move gave us the opportunity to start with a blank slate.

“We also wanted to get closer to the (U.S. Highway) 36 corridor,” Bottagaro said. “Boulder is a great, innovative, pioneering place – but many of the younger talent is moving closer to Denver.”

Rogue Wave, backed by private equity, has grown from about 70 employees when it was in Boulder to about 100 in Louisville, Bottagaro said, adding that “there’s room for more.”

Trade Desk moving Boulder operations to PearlWest

BOULDER — California-based The Trade Desk Inc. is expanding its presence in Boulder, signing on for about 13,000 square feet of office space at PearlWest, a 160,000-square-foot commercial and retail development at 1048 Pearl St. that is under construction.

Trade Desk provides a tech platform for advertising agencies to manage their display, social and video advertising campaigns.

The international company, based in Ventura, Calif., currently has 30 employees in 4,000 square feet of space at 1615 Pearl St., which houses the company’s engineering hub. The company plans to add almost 30 more employees, mostly software engineers, according to a company spokeswoman.

Trade Desk employs about 300 people worldwide at offices in San Francisco, El Segundo and San Jose, Calif.; New York; Chicago; and Detroit. It also has offices in London, Hamburg, Toyko, Singapore, Seoul and Sydney.

“Boulder is a magnet for talent in technology, and we’ve been proud to grow our team here,” said Mike Davis, Trade Desk’s vice president of innovation who leads the office in Boulder. “We are excited to expand at PearlWest and to support the strong tech community here in downtown Boulder.”

Led by Denver-based developer The Nichols Partnership and Lynda Gibbons of Gibbons-White in Boulder, PearlWest is a retail and office building that includes a community rooftop plaza that will be open to the public, four floors of commercial office space, restaurants, retail shops, a potential movie theater and underground parking with about 300 parking spaces, with 60 of them served by a robotic parking system.

Tenants taking large spaces include SolidFire Inc., 62,000 square feet; Crestone Capital Advisors LLC, an investor in the Pearl West project, 28,000 square feet; and Galvanize, 27,000 square feet. Gibbons said about 150,000 square feet of space has been leased.

Pearl West is being constructed to meet LEED Platinum requirements, the highest level of green certification issued by the U.S. Green Building Council. Work began in May 2014 and is scheduled for completion in March.

 

Boulder Chamber announces 2015 Esprit Entrepreneur winners

BOULDER —The company that created the BB-8 Droid that is based on a droid in the latest Star Wars movie, “The Force Awakens,” will receive the Entrepreneur of the Year award from the Boulder Chamber at Esprit Entrepreneur, Nov. 18.

Sphero’s robotic toy BB-8 Droid is based on a droid in the latest Star Wars movie, “The Force Awakens.”

Sphero’s robotic toy BB-8 Droid is based on a droid in the latest Star Wars movie, “The Force Awakens.”

Boulder-based Sphero, formerly Orbotix Inc. and led by chief executive Paul Berberian, is being honored for demonstrating innovative spirit, determination and values that exemplify the Boulder community’s brand of entrepreneurship.

Having graduated from Techstars in 2010 as Orbotix, Sphero has created a new category of app-enabled connected play toys.

Other winners to be honored are:

Entrepreneur Legacy Award — Dave Query, founder of the Big Red F Restaurant Group, for building a lasting tradition of success, bold vision and values that is a model for other entrepreneurs and businesses to follow.

Entrepreneurial Community Builder Award — Peter Grant Johnson, for his work and volunteer service as he helped shape Boulder’s entrepreneurial culture that drives the innovative spirit. Before his passing and still today, Johnson is renowned as a “Champion for Good,” bringing people together to build a better community. Johnson was an Olympian, business trailblazer and networking czar of the Van Heyst Group.

The awards will be presented during the Esprit Entrepreneur event in the new Touchdown Club at the University of Colorado’s Folsom Field.

The chamber also will crown the winner of the Esprit Venture Challenge to be selected at the event. This year, startup social entrepreneurs will compete for cash prizes by demonstrating how they will do good while doing well: using their business skills to help solve big problems. The winner will be selected by audience vote at the Esprit Entrepreneur celebration, Nov.18.

Learn more here.

On Nov. 19, NewCo Boulder will feature onsite presentations at local businesses that embody the area’s innovation and entrepreneurial leadership.

For more information about the Esprit Entrepreneur event and to register, go here.

This year’s sponsors for Esprit Entrepreneur include Elevations Credit Union, the University of Colorado Boulder, EKS&H business advisors, Colorado PERA, Terrapin Care Station, Google, Anthem BlueCross Blue Shield, BizWest, the Daily Camera, Metzger Albee Public Relations, bivio and Hazel’s Beverage World.

 

Louisville startup TermScout back in fundraising mode as it grows sales staff

LOUISVILLE — TermScout, maker of a sales intelligence software platform, is raising money again as the company aims to expand its sales force and further scale its technology.

The downtown Louisville-based startup has so far raised $180,000 in a new funding round that could grow as large as $1.7 million, according to a recent regulatory filing. The new funding comes in the wake of a $635,000 seed round raised last year.

Co-founder and CEO Chris Silvestri said in a phone interview Friday that the 15-person company definitely would be growing, but he couldn’t yet quantify by how many people.

Launched a year and a half ago, TermScout’s platform tracks what the company calls “actionable, timely and accurate buying signals” of businesses — things like relocations, funding events, executive changes and lease expiration dates — and feeds that information to its clients along with enhanced buyer contact information. The result is a list of targeted sales leads that helps salespeople save time on the research side of their job. TermScout’s platform gathers such data from thousands of sources, but distributes only a small percentage of relevant info to each client.

“We’re like a spam filter for getting the bad data out and getting really good lead and prospect information to our customers,” Silvestri said.

Most TermScout clients feed the TermScout leads into their already existing customer relationship management tools like Salesforce. TermScout is competing in the space with various other companies like InsideView and Hoovers, but Silvestri said his firm is differentiating itself with the information it’s delivering not only on current sales accounts but also new possibilities. TermScout’s industry niches include communications, commercial real estate, office equipment and enterprise technology.

“We help (clients) understand their current target accounts … but also, ‘What are the other accounts and opportunities that I should be going after,'” Silvestri said.

Silvestri, whose background is in sales and data, founded TermScout in 2013 with chief technology officer Brian Schwalm and vice president of data Chris Burton. Originally incubated at an office in Broomfield, TermScout moved to a space on McCaslin Boulevard in Louisville before settling into its current spot at 726 Front St.

The company doesn’t disclose revenue, but Silvestri said the figure so far has been “significant.”

“Our philosophy has always been to generate revenue and then raise efficient capital,” Silvestri said.