Could a Digital Product = Analog Behavior?
Technology
Nexsan Corporation is expected to help Imation capture a larger share of small and medium-sized business customers and boost its growth among enterprises with widely distributed operations.
IronGate Data Centers is already preparing a 270,000-square-foot expansion to its 85,000-square-foot east metro data center; the company aims to attract “very large users” from the East Coast.
Tokyo-based Sumitomo Chemical now owns a 76 percent stake in local insect control business MGK.
The new services were announced as the Oakdale-based company, which has long offered physical data storage devices, is struggling to make a profit.
The hacker group that claimed to have disrupted several national banks’ websites in September appears to have launched a second round of attacks, and Minneapolis-based U.S. Bancorp is once again a victim.
The company recently bought Iowa-based Mason City Business Systems, Inc., which expands its presence in the state and marks the company’s biggest acquisition to date.
A Merrill Lynch analyst reportedly said that a Best Buy buyout is unlikely due to the difficulty of obtaining necessary financing; she also restored an “underperform” rating to Best Buy’s stock.
The company, citing a downturn in the global electronics market, cut roughly 20 positions, and the reductions were split between its Minnesota headquarters and its Singapore operations.
In addition to being named chief executive, David Gagne has joined Winland Electronics’ board of directors.
Evolve Systems is selling the next level of e-payment services.
Separately, the company also opened its first office in Turkey last week.
A Target-themed caravan will make stops in close to two-dozen cities across the country within the first two weeks of December; at each stop, Target will offer events that are open to the public.
Among universities that earned more than $2 million in royalties in 2009, the University of Minnesota reportedly saw the biggest drop during the subsequent two years.
Best Buy’s stock price dropped as the company confirmed its expected decrease in quarterly earnings and same-store sales; meanwhile, founder Richard Schulze and CEO Hubert Joly will reportedly meet this week.
The site was reportedly down for about an hour on Monday morning, and some customers got stuck online waiting for purchases to go through.
Knowledge Marketing, Outsell, and SPS Commerce made Deloitte’s annual ranking, which is based on revenue growth over the past five years.
The new name, “Edmentum,” takes effect immediately; the company, which was acquired by a private equity firm in 2010, has since made key acquisitions that have expanded its offerings.