Uroplasty appointed its interim CEO, Robert Kill, to the roles of president and CEO. Chief Financial Officer Mahedi Jiwani—who was placed on leave during an internal review—has now retired.
Technology
TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.
HighJump Software, a global provider of supply-chain software, acquired Denmark-based Evenex, marking its fourth acquisition since 2008.
Minneapolis has the ninth-most patent applications for every 10,000 metro residents in the world.
Hubbard will gain five stations each in Seattle and Phoenix, which it said are the 13th- and 14th-largest U.S. radio markets, respectively.
The Minneapolis-based company, which raised more than $200 million prior to the recession, said it will use the new funding to help finance clinical trials.
The winning app, Divvy, is meant to enhance the “group shopping” experience; work is underway to roll out the product to Target customers.
It seems all those years of asking, “Can you hear me now?” have paid off: According to a recent report, Verizon outperformed AT&T, Sprint, and T-Mobile in Twin Cities based on its data, call, and text capabilities.
Having already established itself as one of the top turnaround stocks of the year, Best Buy’s shares rose again on Monday after an analyst at Credit Suisse raised the company’s target price.
While Select Comfort's stock price remains lower than it was six months ago, it has recently been on a consistent climb, and analysts see additional growth potential.
Twin Cities Business reported last year that a software startup was giving OpenTable a run for its money; that startup now says it handles 51.7 percent of Twin Cities reservations, although OpenTable disputes that assertion.
In addition to workspaces, the new location will feature a “tap room” with craft beer, a movie theater for presentations and pitches, a billiard room that doubles as a meeting space, and a walkout patio.
Dale Parker replaces outgoing Chief Financial Officer Gregory Smith; Image Sensing Systems said that Smith’s departure is “not related to any issue with respect to Image Sensing’s financial statements.”
IT services providers Joseph Michael Hanson and Timothy John Lambrecht were charged with conspiracy to commit mail and wire fraud; an attorney for one of the men said, “There is no fraud here.”
The Minnesota Department of Employment and Economic Development released its quarterly Business Expansion Report Wednesday, which shows that the key expansion areas are in the west metro and Duluth.
The electronics retailer is re-launching its iPhone trade-in program on Friday, and the promotion will run for nine days.
Stratasys said it will acquire MakerBot, a competitor in the 3D-printing industry; the $403 million purchase could grow based on MakerBot’s performance.
Multimedia content provider Rimage Corporation is changing its name to Qumu Corporation following a quarter of growth for the Qumu brand.