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Minnesota Angel Network poised for launch with regional partners, new COO

The Minnesota Angel Network is beta-testing and fine-tuning its process in anticipation of a public launch in July.

Announced in January, the network will help companies prepare for funding by angel investors and will connect the two groups.

Right now, seven companies are beta-testing the process, says Todd Leonard, executive director of the Minnesota Angel Network. They represent various industries, regions of the state, and even stages of development--"from the whole spectrum of business," he says.

The company types include software, internet sales, biotech/cleantech firms, and animal health, and they include new startups, firms that have been through the equity process previously, and operational companies seeking outside funds for the first time.

"We're finding that even very seasoned CEOs that actually have functional, operating companies still are finding our educational process extremely helpful," says Leonard.

It's that educational process, more than connecting companies with capital, that Leonard stresses the network is about.

"Our primary concern is the educational side to this," he says. "The investment is really an additional benefit that we have, in that we have this relationship with those investors."

Investors are poised for that relationship, however, according to Leonard, and the Minnesota Angel Network is aligned with a number of other states with angel investment networks--at least 18 other network funds that "represent a significant amount of angel investment monies," he says. The network has also partnered with Rain Source Capital and other networked funds in Minnesota and elsewhere.

The network is also leveraging regional economic development organizations across the state with which it partners. While many may refer companies to the emerging program, those that sponsor the network as donors will take an early-stage role, facilitating intake and some of the training.
 
Those basic steps include due diligence and gap analysis, readying companies and their information for investors --an effort that mitigates risk for investors and companies alike.

The angel network also now has a full-time chief operating officer: David Wagy, a former senior director of finance for Medtronic and an angel investor.

Leonard says his own role is currently focused on fundraising. The network's goal is to not use any funds outside of donors, he says, and to be self-sustaining within its second year of operations.

Source: Todd Leonard, Minnesota Angel Network
Writer: Jeremy Stratton

Brain Traffic spearheads Confab content strategy conference

Kristina Halvorson is a self-described "leading advocate" (although not the definitive expert, she modestly claims) of an emerging discipline: content strategy.

"Even a year ago, I was able to track every article that was posted on content strategy," says Halvorson, president of content-strategy firm Brain Traffic, headquartered in Northeast Minneapolis' East Bank neighborhood. "Now it's way beyond anything I could ever keep up with."

That was the vision behind Brain Traffic, for Halvorson's 2009 book Content Strategy for the Web, and for the inaugural Confab conference, which Halvorson and Brain Traffic hosted earlier this month.

Attendees from all over the country and beyond converged on Downtown Minneapolis for the three-day event.

Halvorson cited three main objectives she hoped attendees would get out of the conference: to gain a broader understanding of the discipline, to begin to develop ideas about how to introduce or further integrate content strategy practices in their work, and to begin to identify and explore their own specific roles in the process.

While it was not the first content-focused conference, says Halvorson, Confab's focus went beyond the execution of content to treating it from a strategic standpoint, something that is "becoming more and more critical," she says.

Why? The cross-section of industries represented is one clue; attendees hailed from "just about every sector and sized company," says Halvorson: health care, entertainment, financial, higher education, nonprofits, "mega-global agencies; 1-, 2-, 3-person agencies, marketing folks, tech folks, design folks," she lists, trailing off.

"There were speakers under the same roof at this conference who had never, ever crossed paths before," she says.

That, too, was part of the vision. "All of these people need to be talking to each other within an organization, or between client and agency, about this larger issue of content and how it moves through an organization," Halvorson says.

Halvorson calls content "a gigantic challenge within organizations." While her book focuses on web content, it is just "one piece of the puzzle" that touches many others: print, social media, content management strategy. "There is a method to that madness," she says.

Kate Huebsch, president of St. Paul-based Highpoint Creative, understands this full well. A Confab sponsor, HighPoint's five-woman team provides marketing communication writing across media--and has been for 23 years.

"I don't think [the term content strategy] really lived the way that we're using it now until the last couple of years," Huebsch says. "There's always been something strategic about it, but now it's fun to see a whole discipline building around it.

"You can make things beautiful, you can make things work well, but until you cough up the content, you have nothing," says Huebsch, noting that "anything that's being communicated is content, "from websites to newsletters to call-center scripts."

The strategy is in asking, "Are you being consistent?" she says. "Are you being effective? Are you actually helping somebody with it? I think people, clients have thought of content as an after-thought, and now I think people are realizing it really needs to drive strategy. It really needs to be one of the first things you think about."

Others seem to agree: the conference sold out nine months in advance, and the 200-person waiting list had to be shut down, says Halvorson, who envisions future Confabs and other content-focused events.

"The payoff I have seen is that the conversation has taken off," she says.

Source: Kristina Halvorson, Brain Traffic
Writer: Jeremy Stratton

Zipnosis growing nationally after 3,500-patient pilot

When it comes to medical diagnosis and treatment, one generally doesn't want the doctor to "phone it in."

That is changing with the advent of companies like Zipnosis. The St. Paul-based firm facilitates online diagnosis and treatment of common health needs like colds, flu, allergies, common infections, tobacco cessation, and more.

For a $25 fee, registered patients can complete an "adaptive online interview" about their ailment. The information is sent digitally to a local, board-certified and licensed clinician, from whom the patient receives a diagnosis, treatment plan, and prescription if necessary, within an hour, between the hours of 8 a.m. and 8 p.m.

Zipnosis was co-founded in late 2008 by CEO Jon Pearce, then an MBA student at the University of Minnesota.
The company now has six employees, including corporate officers with experience at notable local health care and IT organizations.

Zipnosis completed a year-long, local pilot in early May, partnering with Park Nicollet to provide diagnosis and treatment to approximately 3,500 patients--about 30 percent of them in rural Minnesota.

Pearce says the pilot answered the questions: "'Can we deliver the care effectively? Can we deliver it safely? What sort of marketing responses work?' You get a really good idea for how the business works," he says.

Both clinical quality and patient satisfaction were high, says Pearce--in the mid-to-upper nineties (in terms of percentage) for safe and effective treatment and in terms of positive patient responses to a survey. More than 30 percent of patients served have used Zipnosis more than once, Pearce notes.

With the success of, and lessons learned from, the pilot, "We said, 'OK, we think it's ready to move into multiple states at this point,'" says Pearce. They wasted no time; Zipnosis expanded its services to two other states, Colorado and Washington, on May 15. Pearce expects to add others by the end of the year. Zipnosis has even drawn international interest, which they have had to turn down in this early stage. "We're not quite there," says Pearce. "[With] six people [it's] a little hard to tackle some of the other countries."

Here at home, Pearce anticipates Park Nicollet will remain a long-term partner in Minnesota. The company will similarly partner with local clinics and practitioners in other states, he says.

Pearce said he expects Zipnosis to add employees as the company grows and expands its reach.

Zipnosis can offer two types of service in partnering with providers, according to Pearce: practitioners can use the company's online "turnkey solution, right out of the box," he says, or it can "help them create an identity for their system" using the platform and technology.

"So far most people � have used the off-the-shelf product, because it seems to work fairly well," says Pearce.


Source: Jon Pearce, CEO, Zipnosis

Writer: Jeremy Stratton

Zero-waste Bread and Pickle latest of Kim Bartmann's new restaurant endeavors

"The best burger I've had in quite a long time" is usually a good recommendation, especially when it comes from a local restaurateur with several lauded restaurants and counting.

The source is Kim Bartmann, owner of Barbette, Red Stag Supper Club and Bryant Lake Bowl, and the subject is the grass-fed, "limousine beef" burger at Bread and Pickle, Bartmann's new incarnation of the concession stand near the Lake Harriet bandshell. After a soft opening last week, the reborn refectory is poised to serve the summertime crowds at the lake.

It's pretty busy down there," says Bartmann. "We are thinking of it as a [Bastille Day] block party a few times a week. We feel like we've done it before, just not in a fixed, night-after-night setting."

Bread and Pickle will sell "simple offerings," says Bartmann � burgers, fries, sandwiches, pasta salads, potato salads, as well as breakfast foods like espresso, egg sandwiches, granola and yogurt from 7��11 a.m. And of course there is still ice cream, from local favorites Sonny's and Izzy's.

Like at her other restaurants, the fare will be "focused on as much organic, local product as possible," says Bartmann.

One thing that won't be available at Bread and Pickle: waste. "Everything that comes out is compostable," she says, in new compost stations installed by the Minneapolis Park and Recreation Board (Park Board), an effort Bartmann called a "beta-test for zero-waste in the Park Board system."

The composting was in response to the Park Board's request for proposals, which called for sustainability practices that Bartmann new would give her a leg up on the competition. "We do that at all the other restaurants, and at the [Bastille Day] block party," she says.

Even water comes in a sustainable container: stainless-steel water bottles at plastic-bottle prices. Visitors can refill them at a water-filling station, installed by the Park Board, which have counters to see how may times it gets used.

Bread and Pickle will be open until 9 p.m. in the evening, possibly later for busier concerts, says Bartmann.

The refectory is not her only recent project, however. She is planning a remodel and revamped menu at Gigi's, near 36th Street South and Bryant Avenue, which Bartmann took over last November. Prep kitchens and extra cooler space there as support the Bread and Pickle operation.

In the early summer, Bartmann expects to unveil Pat's Tap at the old Casey's location on 35th Street South and Nicollet Avenue. She described the LEED-targeted project as "a little gastro-pub with a few skee ball machines." 

Marketing Architects pledges $2 million toward new business incubator

At least a handful of local startups will have one cost area covered for them in the coming year: marketing and advertising.

Hopkins-based direct-response advertising company Marketing Architects and sister company MACatalyst have set aside $2 million for a new business incubator, called Project Lab.

Marketing Architects sells direct-to-consumer products through radio and television ads. The company began 15 years ago in radio, "very much at a time when everyone else thought that radio could not work for direct response," says Brand Manager Katelin Johnson. It is now the largest direct-response marketing company in the nation, she says.

The incubator is in response to the Minneapolis and St. Paul mayors' Entrepreneurship Accelerator," initiative, according to a press release from the company.

The Project Lab is a 5,000-square-foot space, designed to be movable and fluid enough to handle as many as 20 businesses, she says. Startups and existing customers may use the "creative" space for strategizing, research and development, testing, and as a "dedicated space � for their product lineups," according to the release.

The $2 million will actually fund businesses above and beyond the development of five products currently in various stages, says Johnson. Marketing Architects expects a couple of them--one a home-goods/lawn-and-garden product, the other a medical device--to launch in July.

"And by launch, I mean spots on the air," says Johnson. Direct-response marketability is a prerequisite for the startups and products, which otherwise may vary widely in type and stage of development, she says, starting with as little as "just an idea."

How much each company will get and how they use it will also vary, "depending on where they are in that startup process," she says. Marketing Architects and MACatalyst are open to dedicating more than the $2 million set aside for this year, and they plan further investment in the coming years, she says.

Marketing Architects has 115 employees, including those added when the company moved into television about four years ago, says Johnson. They stayed steady during the economic downturn and have about ten active job openings right now.

The incubator is in response to the Minneapolis and St. Paul mayors' Entrepreneurship Accelerator," initiative, according to a press release from the company.

 The Project Lab is a 5,000-square-foot space, designed to be movable and fluid enough to handle as many as 20 businesses, she says. Startups and existing customers may use the "creative" space for strategizing, research and development, testing, and as a "dedicated space � for their product line ups," according to the release.

(Watch a time-lapse video, with high-powered rock-'n'-roll music, of the Project Lab being built):


 

Source: Katelin Johnson, Brand Manager, Marketing Architects

Writer: Jeremy Stratton



RedBrick Health expects to add 50 employees this year

While RedBrick Health is growing rapidly, its customers are shrinking.

The five-year-old health technology and services company has 85 employees currently, and it expects to add another 50 this year, says chief marketing officer Eric Zimmerman.

The company offers health improvement programs through its consumer health engagement platform. RedBrick has 20 clients of two types. Most are large, self-insured employers that utilize their full product, while a few channel partners license their social engagement platform, a component of the larger corporate platform.

The social engagement platform was the basis for the Biggest Loser Minnesota Challenge, now in its second year and sponsored by the Alliance for a Healthier Minnesota.

Minnesotans lost a collective 75,000 pounds during 23 million minutes of physical activity during the 12-week program, which ended April 15. The challenge was expanded this year from 2010's seven corporations to more than 22,000 people across the state.

RedBrick is measuring its success in more than shed pounds, however. Medical device manufacturer Welch Allyn, a RedBrick client since 2007, has seen an estimated $1.32 million in total health and productivity savings over two years, according to a recent release. That's $443 per year per participant, and a 3-to-1 return on investment, says RedBrick.

The Welch Allyn numbers are typical of other clients RedBrick has such data on, but they're higher than industry averages, says Zimmerman.

The company released the fourth generation of its platform in February, and it had raised one-third of a $15 million equity round, according to an SEC filing that month.

Source: Eric Zimmerman, RedBrick
Writer: Jeremy Stratton

Minnesota Diversified Industries passes 75-millionth product milestone

You know those big plastic bins you see in mail rooms and post offices � the ones that say "US Postal Service" on them?

Minnesota Diversified Industries (MDI) makes them, and as the sole provider of the USPS Postal Tote, they've made a lot of them.

In mid-April, MDI proudly passed the 75 million mark, says Peter McDermott, president and CEO. Everyone on the assembly line had a hand in manufacturing the 75 millionth tote, according to MDI's website.

MDI's team is as remarkable as the milestone; the company employs people with disabilities, offering "real jobs that create a sense of pride, value and independence in our workers' lives," states the website.

The company has facilities in St. Paul, Grand Rapids. and Hibbing, and about half of its employees are people with disabilities.

The company works on a "triple bottom line" platform: the "social or mission bottom line" that supports the career and technical development of individuals with disabilities; the financial bottom line, sustained by its competitive contracts with business customers; and the funding bottom line, maintained through grants and contributions from government entities, foundations, and individuals.

The company produces more than its original-product mail totes: plastic trays, plastic boxes, plastic pallet covers, waterjet bricks, plastic tree wrap, and other custom products.

Source: Peter McDermott, MDI
Writer: Jeremy Stratton

Automated Logic, St. Paul celebrate 'smart business' move to light-rail corridor

Central Corridor plus University Avenue businesses hasn't always added up to positive press recently, so the City of St. Paul was happy to welcome a new business along the light-rail corridor, building automation systems firm Automated Logic Twin Cities, which recently moved its offices form Roseville to the Westgate business center near University and Highway 280.

Prior to a ceremonial ribbon cutting with Automated Logic President Fred Meyer, St. Paul Mayor Chris Coleman addressed the crowd of business leaders and local officials, including State Senators Sandy Pappas and Mary Jo McGuire.

Coleman called Automated Logic part of "a new wave of smart businesses" that would be coming to the corridor, and he promised that the construction "will be quick, � and not too far in the distant future, we are actually going to see the fruits of 30 years of discussion � to finally have light rail connecting our two downtowns."

"Construction of this magnitude is not easy," said Coleman, acknowledging that "there are going to be challenges for businesses." That said, he called Automated Logic's move "the first wave" of new businesses of all sizes that will integrate with existing ones.

"We're going to be seeing a lot of ribbon cuttings along this corridor," said Coleman.

The open house was as much a celebration of sustainability.

"We are committed to [developing the light-rail corridor] in an energy-smart, environmentally friendly manner," by attracting energy smart, environmentally friendly businesses, said Coleman. "Businesses that understand the technology behind it."

Automated Logic fits that bill. The 22-person branch office of an Atlanta-based parent company is in the business of energy management, helping businesses and building owners monitor and control their energy use and related costs.

Other city officials were on hand to showcase sustainability efforts like the St. Paul Port Authority's Trillion Btu loan project.

Port Authority President Louis Jambois addressed the crowd, as well, saying a "quiet evolution has been happening for the last several years, and companies like [Automated Logic] are part of that evolution.

"The notion of lean to green, supply chain to waste stream, in new construction and in existing buildings is something that is taking place right now," he said. "It's not just socially right, it makes sense on the bottom line. This business is one that helps businesses save money, that takes it right to the bottom line."

Photo: The ribbon cutting, with Mayor Coleman at right; Rick Keal, regional vice-president of Automated Logic. in the middle; and Fred Meyers, president of Automated Logic/Twin Cities at left.

Source: Automated Logic, City of St. Paul
Writer: Jeremy Stratton

Republic bar and restaurant to open in Sgt. Preston's spot at Seven Corners

Past patrons of Sgt. Preston's in Cedar-Riverside will see at least a few familiar faces when the new Republic bar and restaurant opens later this month: a bear, a bison, a moose, and a couple of deer.

The mounted menagerie is part of the remaining charm after new owners Matty O'Reilly and Rick Guntzel pulled out the ten flat-screen TVs and 40 neon beer signs from the former Sgt. Preston's Urban Pub.

What's left is three rooms of exposed brick, ornate tin ceilings, stained glass windows and fixtures, and the makings of the neighborhood pub the two restaurateurs imagine.

Republic will cater to the pub crowd, casual diner, music fan, and even families once the dust settles from the rapid renovation, which began less than two weeks ago.

The long signature bar will feature a good selection of Belgian, local, and micro-brewed beers. The by-the-glass wine list features nine reds, nine whites with a couple of sparklers, and ros�s to boot.

Both will complement the food menu; Republic will feature small-plates (mussels in white wine; five-spice BBQ ribs) and especially pub fare like sandwiches and burgers, says O'Reilly, but entrees are available as well for the sit-down diner: steaks, walleye, bouillabaisse, and more.

The pub's three rooms will transition steadily from bar to dining room to acoustic music venue (pending licensing later this year).

While this is Guntzel and O'Reilly's first co-venture, the high-school buddies are seasoned vets with work in nearly two dozen restaurants between them. O'Reilly owns the 318 Caf� in Excelsior and last year took over the Aster Caf� in St. Anthony Main. Kuntzel spent years at Jacob Restaurant Group, which owns Nye's and several Jake's City Grilles and Sporting Cafes.

The TVs won't be going back up; O'Reilly notes that the stripped-down interior brings the decades-old bar back to its original state, and unplugging the dozens of monitors and signs will save a bundle on energy costs.

They expect the bar to open in mid-May � just in time for patrons to take advantage of one of the property's other natural elements: the signature, 200-seat Seven-Corners patio.

Source: Rick Guntzel and Matty O'Reilly, Republic
Writer: Jeremy Stratton

May Innovation events: mobile TC, Minnebar, mobile tech, medtech investment, green living

Mobile Technology: Adoption, Design, and Sustainability Lessons
Friday, May 6, 8:30 a.m.�11:!5 a.m., Room 2-206, Carlson School of Management
321 19th Avenue South, Minneapolis
registration required

Alina M. Chircu, associate professor in the Information and Process Management department at Bentley University, will present at this U of M MIS Research Center seminar. Chircu will discuss mobile technology adoption and usage patterns; related mobile phone design practices in developing and developed countries; recent research on sustainability principles employed by top phone manufacturers; how these principles impact business processes for new mobile products design, production and distribution; and more.


MinneBar
Saturday, May 7, 9 a.m.�5:30 p.m.
Best Buy headquarters
7601 Penn Ave. South, Richfield
Free, register online

Registration is open for the "(un)conference" that brings Minnesota's tech and design communities together. Sign up to attend or lead a discussion. Sessions will run throughout the day, and light breakfast and lunch will be provided. An after-party with beer and wine will follow.


Living Green Expo
May 7�8
Minnesota State Fairgrounds
Creative Activities, Education, 4-H, Fine Arts and Progress Center buildings
Free

The 10th annual expo will feature dozens of workshops and presentations on green topics ranging from energy efficiency and sustainable design strategies to the soybean--along with an actual "green wedding." Take a look at the full list.


MedTech Investing Conference
May 18�19
Graves 601 Hotel, Minneapolis
$895�$1,395, registration limited to 300

The 10th annual  MedTech Investing Conference will bring together medical device investors, entrepreneurs, and corporate business development executives to network and foster the development and financing of companies. This year's event, with the theme "The New Era of Innovation," will feature more than 45 industry experts as well as clinical specialty sessions.


Mobile Twin Cities
Tuesday, May 17, 7�9 p.m.
Refactr Offices, 11 NE 4th St., Suite 300, Minneapolis

The May installment of this monthly meeting, sponsored by Recursive Awesome, LLC, will feature review and   topics from the Mobile March Conference. Contact Justin Grammens at [email protected] for more information.


Vital Images to merge into longtime strategic partner Toshiba Medical Systems

After a decade as Vital Images' largest customer, California-based Toshiba Medical Systems Corporation (TMSC) plans to take the local visualization and analysis software company into its fold. 

Through a $273-million cash tender preceding a merger, a TMSC subsidiary will acquire all of the outstanding shares of Vital Images common stock for $18.75 per share--a 39 percent premium over a recent volume-weighted average, according to a press release.

Executives of both companies applauded the pending merger, which they believe will strengthen their longtime partnership. "This transaction means we can now accelerate our global presence with the strength and backing of TMSC," says Michael Carrel, CEO of Vital Images, in the release.

Toshiba plans to continue to build the Vital Images business locally at its Minnetonka headquarters, where 175 of its 245 employees work, says Nancy Johnson, account supervisor for Padilla Speer Beardsley, which handles press relations for Vital Images. The company expects that the merger will lead to the hiring of more employees in the future, she says.

Vital Images' software allows doctors to non-invasively examine internal organs and more easily make diagnoses and plan for surgeries. The software takes two-dimensional, black-and-white images of internal organs through CT scan, MRI and other formats, then "stacks" them to create more complex imagery.
 
Doctors can navigate through the images, removing layers for a clear examination and "internal accounting without going through a physical operation," says Johnson.

Originally used in radiology departments, the software has been extended in recent years for hospital-wide accessibility by numerous physicians, she says, and it is accessible beyond the hospital via the Web, according to a product description. Vital Images software also serves as a data-management and work-flow tool.

Sources: Vital Images; Nancy Johnson, Padilla Speer Beardsley
Writer: Jeremy Stratton

Minnesota GreenCorps offering 30 full-time green-job positions

Federal funding permitting, Minnesota GreenCorps will put 30 people to work on a third round of its annual green-job Americorps program.

Since 2009, the statewide, federally funded employment and training program has placed more than 50 Americorps workers in 11-month green-jobs positions with local governments, educational institutions, and non-profit organizations.

The program's second year is still in process, with 26 full-time employees working at 25 host sites (the bulk  of them in the Twin Cities) in the areas of energy conservation and air quality, waste prevention and recycling, living green outreach, and green infrastructure.

The Minnesota Pollution Control Agency is taking applications for both host organizations (through May 5) and workers (through May 26) for the 2011�2012 season, which will run from September 2011 through August of next year.

The program may also offer five half-time positions for current students at the University of Minnesota, Morris, another GreenCorps partner.

The 2011�2012 program is dependent on approval of federal funding from the Corporation for National and Community Service, according to the GreenCorps website. Funding also comes through ServeMinnesota, the state commission for all AmeriCorps' state programs in Minnesota.

Source: Minnesota GreenCorps
Writer: Jeremy Stratton

Minneapolis awards $500,000 in small business assistance grants

On May 2, the City of Minneapolis awarded nearly $500,000 in grants to assist small businesses along its commercial corridors through the city's Great Streets Neighborhood Business District Program.

The city funded 15 proposals ranging from $5,000 to $50,000, for a total of $499,873. The funds are passed through community development organizations to the businesses.

This is the fourth year the grants have been awarded. So far, more than 250 new and existing businesses have received technical assistance in marketing, bookkeeping, product mix, licensing and code requirements, and business planning, states a press release announcing the grants. The awarded organizations also use the funds for such things as business development and recruitment, public safety initiatives, real estate/market assessment, construction mitigation, and more.

The list of awarded organizations includes nonprofits across the city.
 
The Neighborhood Business District grants program is part of the city's $4 million Great Streets initiative, according to Kelly Hoffman, senior project coordinator for the City of Minneapolis.

The greater initiative also includes fa�ade improvement matching grants, real estate development gap financing loans, and marketing of the city's finance programs to help small businesses, she says.

As the program has progressed, the city is measuring progress and collecting success stories, Hoffman says, and the program allows organizations in the city's 118 commercial nodes and corridors to learn from one another.

"One of the benefits of the program being around for a fourth year is we're starting to figure out best practices and different ways for organizations to further best strategies," she says.

Source: Kelly Hoffman, City of Minneapolis.
Writer: Jeremy Stratton

Digi rides smart grid, cloud-service technology into 33rd straight profitable quarter

Last week, Digi International reported its 33rd straight quarter of growth, dating back more than eight years to early in the last decade.

And while that success is built on more than 25 years of experience, the Minnetonka-based wireless machine-to-machine (M2M) device networking company is seeing major growth in the emerging energy sector, especially with its smart-grid technology and cloud-computing platform.

Digi has begun partnering with companies to build end-to-end energy monitoring and management solutions around the company's X-Grid, says David Mayne, Digi's director of business development.

Under that "extended" grid umbrella is the iDigi Device Cloud--"the embedded industry's first ready-to-use cloud computing platform for device networking and management," according to an online description. The cloud service allows remote metering and management of energy use through communication with devices "beyond the meter," Mayne says.

"The thing that is really driving the growth is the ability to utilize iDigi to provide connectivity from an application down to a device," he says. The smart-grid platform also drives sales of other Digi products like gateways and radio modules, "so we kind of get all the different pieces that become part of this end-to-end solution," he says.

It also puts Digi at the forefront of energy-management innovation that is in its early stages globally, according to Mayne. In January, Digi announced a major partnership with Green Energy Options to develop a real-time, web-based energy management system, based on iDigi and the Digi X-Grid, for the European utility market.

Meanwhile, here in the U.S., Digi and its partner Itron have introduced "Smart Grid Now" bundles that enable utilities to conduct energy-management pilot programs. The cloud-based bundles can be deployed on a small or large scale, Mayne explains.

"For as little as a few thousand dollars, [utilities] can get customers engaged by using smart phones to look at thermostats and get metering information," he says. "Because we're offering this as a cloud service, there's little upfront investment and there's proven capability to expand to millions of devices."

Digi also announced a partnership in January with Calico Energy Services to offer an integrated smart-grid technology solution for energy and demand management.

Mayne notes that while most think of the smart grid in terms of the energy sector, Digi is also seeing business growth beyond energy management and services. Other high-growth areas include the medical device industry and fleet management--trucks and other large mobile assets.

Mayne notes that smart-grid applications can be applied to water conservation and gas utilities as well.

"As new services evolve, things we haven't even thought of yet, we can plug them into iDigi," says Mayne of the "flexible technology," an open platform that he says is ready to handle future innovation--an important point for Digi and its 600 employees, more than half of whom work in Minnesota.

"That's really helping to build or reinvent people's careers as we continue to evolve the organization," Mayne says. "Future-proofing is key. This is something that is new, and this will create innovation."

Source: David Mane, Digi Intrernational    
Writer: Jeremy Stratton

Dgimed Ortho wins Medical Device Excellence Award, raises more than $2 million

Dgimed Ortho, Inc. has double the reason to celebrate, with the near-completion of a $2.5 million equity round and a medical device industry award too boot.

By mid-April, the Minnetonka-based early-stage medical device company had sold $2,124,780 of a securities offering, according to an SEC filing. It is the company's fifth offering a various type since its first $3.4 million initial round was completed in 2009.

In 2008, founder and chairman Dan Gladney acquired the rights to technology for a proprietary system to assist orthopedic surgeons in the delivery of long-bone intramedullary nail implants, according to an Orthopedics and Spine News Blog entry that year.

The product Dgimed Ortho developed is the DISTALOCK Intramedullary (IM) Nail and Drill System, which last week received a 2011 Medical Design Excellence Award.

The system offers surgeons the ability to treat long-bone fractures with better clinical outcomes, lower surgery costs, and little or no need for x-rays, according to a press release about the award.

"Our team has worked hard to develop a world-class system to benefit patients and hospital staff," said Dgimed Ortho President and CEO Mark McMahan through the release. Award winners will be honored at a presentation ceremony in June in New York City.

Source: Dgimed Ortho
Writer: Jeremy Stratton
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