Company and tech news from the region.
Tech summit slated
Congressman Jay Inslee will address attendees from government, education, business, technology, and economic development sectors from an eight-county region at West Sound Technology Professional Association’s (WSTPA) 4th annual “Western Washington Summit on Technology and Economic Development Entrepreneurship.”
The event, to be held Oct. 13 from 3-8:30pm at Kitsap Conference Center in Bremerton, includes a technology showcase with exhibitors, a cocktail reception, and presentations.
The keynote presenter is author John Thorp (The Information Paradox), whose topic is “Re-thinking IT Governance: Delivering Real Business Value from IT-enabled Change.”
Other speakers include John Wylder, Strategic Security Advisor, Microsoft, and Mike Bookey of Pachena Light Consulting.
iConclude gains financing
A startup company that’s designing software to improve problem-solving processes for information technology companies has received a $3 million, first-round investment led by Madrona Venture Group.
Other investors in Bellevue-based iConclude were Cronus Ventures LLC and iConclude management team members, according to an announcement.
IConclude was founded earlier this year and is led by Sunny Gupta, who was previously at Mercury Interactive.
As part of the investment agreement, Matt McIlwain, managing director at Seattle-based Madrona, and Rao Ramela, general partner at Cronus, have joined the company’s board.
IT worker confidence down
Confidence among IT workers plunged over 12 points from 109.9 to 97.5 in August. This is only the second time in its history that it fell below the base of 100. Sector employees rating their finances as excellent or good fell dramatically from 62 percent the previous month to 47 percent in August.
In addition, only 70 percent stated they were happy in their current jobs, compared to 75 percent in July. U.S. worker confidence fell 5.5 points, taking it to the lowest level on record as the national Hudson Employment Index dropped below the base of 100, also for only the second time ever, to 98.2.
After holding steady near 31 percent for nine consecutive months, the number of workers expecting hiring slipped to 30 percent. At the same time, the percent anticipating job cuts rose from 16 percent in July to 18 percent, which shows the same pattern from one year ago. Job security concerns also climbed a point to 21 percent this month, as the percent reporting job satisfaction slipped from 74 percent to 72 percent.
Workforce center receives IT grant
The Bellevue-based National Workforce Center for Emerging Technologies (NWCET), a part of Bellevue Community College, has received a grant of $228,000 from the National Science Foundation (NSF) to update the NWCET’s information technology skill standards.
Skill standards identify the knowledge and abilities needed to succeed in specific occupations. They are used by industry to establish hiring and professional development guidelines and by educators to develop curriculum matched to workplace requirements.
Verdiem closes financing round
Seattle-based Verdiem, a maker of power management software for PC networks, said Catamount Ventures, a San Francisco-based venture capital firm, and Angeleno Group, a Los Angeles-based equity investor, invested in the company.
The funding will go toward further development of Surveyor, Verdiem’s signature software product. Surveyor measures, manages, and reduces PC energy consumption, lowering the operating cost of PC networks by $15 to $40 per PC annually, or up to $400,000 per year for an organization with 10,000 PCs.
West Willows tech center sold
The West Willows Technology Center, an office/research and development complex in Redmond, has been bought by CarrAmerica Realty Corp. for $35.6 million.
The nine-year-old, 155,386-square-foot facility is fully occupied by Cingular, CarrAmerica said.
The three-building complex is located at 14500, 14520 and 14560 N.E. 87th St. The buildings’ sellers were 87th Avenue Associates and Med Willows LLC.
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