Malver, Pennsylvania-based Vishay Intertechnology bought the company for $85 million from Denver-based private equity firm CHB Capital Partners.
Technology
A recent study commissioned by Microsoft projects that adoption of IT cloud services will generate nearly 14 million jobs worldwide by 2015, 13,000 of which will be in Minneapolis.
About four months after purchasing Educational Options, Inc., Plato Learning has announced plans to acquire another education technology company: Archipelago Learning.
Is the KQRS era ending or is a new ratings technology blind to its hard-working, middle-class audience?
A trendy mobile marketing tool is driving consumers to deals, details, and some disappointment, too.
St. Paul-based Asset Recovery Corporation has been sold to Englewood, Colorado-based Arrow Electronics for an undisclosed sum.
Anser Innovation's PetChatz device, through which pet owners can communicate with their furry friends remotely and even dispense treats, will be available exclusively at Chuck and Don's Pet Food Outlet stores for four weeks prior to a nationwide launch this fall.
Inge Thulin, who has served as chief operating officer since May, will assume the role of president and CEO on February 24.
Minneapolis-based TST Media has acquired Wisconsin Sports Network, a website that reports on high school sports in Wisconsin.
Datacard Group has invested in DeviceFidelity, and it will now offer the company's In2Pay technology, which allows consumers to make purchases with the wave of a smartphone.
A new agreement reportedly calls for medical device companies to pay $595 million in fees over five years, and for the FDA to add more than 200 people to its approval processes-which industry representatives have criticized as being too slow.
Does high technology mix with chicken bones and beer? Buffalo Wild Wings is investigating.
Data backup and storage provider Code 42 Software, Inc., has secured $52.5 million in venture funding, which it plans to use to accelerate product development.
Shari Ballard has been named president of Best Buy's international business, and Mike Vitelli will serve as president of the electronic retailer's U.S. operations. Ballard and Vitelli formerly shared responsibilities for Best Buy's domestic business.
The DriveScribe mobile application blocks incoming calls, e-mails, and text messages while a vehicle is in operation; provides voice commands; and calculates a "safe driving score" after each trip; among other functions.
Eden Prairie resident Robert Grogan developed a smartphone application that finds property rights, solar energy potential, and oil and gas lease statuses for entrepreneurs looking to develop new forms of energy.
Google Chairman Erik Schmidt on Wednesday praised the Twin Cities' culture of entrepreneurship as he toured "co-working" firm CoCo.
The company, which in April announced plans to hire 450 workers at its new Minnetonka facility, now intends to add 150 jobs in St. Paul.