Axial Exchange Wins First Place in Federally-Sponsored Healthcare Innovation Competition

Axial Exchange, Health 2.0 and the U.S. Department of Health and Human Services’ Partnership for Patient Initiative announced that Axial’s Care Transition Suite was the first place winner in the innovation competition, titled “Ensuring Safe Transitions from Hospital to Home.” The public challenge called on healthcare application developers to device a user-friendly application that dealt with the problem of moving a patient into and out of a hospital safely and efficiently. Evaluated on the application’s ability to handle complex inpatient data as well design and use, Axial Exchange was selected the winner from the 40 submissions evaluated.

Read the full press release from Axial Exchange.

40 Under 40: Scott Magids

Scott Magids, Co-Founder and CEO of Motista, was named to the Silicon Valley Business Journal’s 40 Under 40 list. The 33 year old is a serial entrepreneur, founding his first company at age 15. With Co-Founder Alan Zorfas, Magids created Motista, a cloud service that provides Fortune 100 brands with emotional intelligence on what motivates their customers.

See the full list from Silicon Valley Business Journal.

iContact Named Second on List of “Fast50” Companies by the Triangle Business Journal

iContact announced today that it had been recognized by the Triangle Business Journal as number two on its list of the top 50 fastest-growing private companies in the Raleigh-Durham area. This marks the fourth straight year that iContact has been named to the Fast 50, up 14 spots overs last year. Winners are selected based on revenue and profitability from 2008 to 2010, as analyzed by PriceWaterhouseCoopers. “We’re delighted to stand out among some of the nation’s most innovative and successful companies that call the Research Triangle Park region of North Carolina home,” said iContact CEO Ryan Allis. “This honor is a testament to the hard work and dedication of our staff, who continually work to deliver new, unique ways for iContact customers to create business value through email and social media.”

Read the full press release from iContact.

From Dumpster Diving to Running a $50 Million Company

Writing for Time, iContact CEO describes the formation and early days of iContact. Having caught the entrepreneurial bug at an early age, Ryan Allis left the University of North Carolina in the summer of 2003 and created iContact with co-founder Aaron Houghton. The duo bootstrapped the company in the early days, including working without a salary and living in the office for a few months, according to Allis. Reinvesting revenues, the company grew steadily and secured a $500K seed round financing from IDEA Fund Partners. The company in-turn invested primariyl on pay-per-click adds and quickly scaled to $2.9M in sales by 2006. In 2010 the company closed on a $40M round led by JMI Equity, which it hopes to use to grow annual revenues to $500M.

Read the full article from Time.

New Startup Accelerator Groundwork Labs Launching in Durham

Joe Procopio, writing for TechJournal, covers the recently announced Groundwork Labs accelerator that will be launching in Durham in Spring 2012. Like traditional accelerators, Groundwork will select promising startups for a three month session and provide them space, advice, connections and capital. They expect to select between five and seven startups per session with at least one and hopefully two sessions per year.

Read the full article from TechJournal.

An Author Turns to Software to Take the Tedium out of Writing

Writing for O’Reilly Radar, Automated Insights Founder and CEO, Robbie Allen, shares the story of how Automated Insights came to be and through his attempt at automating his writing career. Prior to founding Automated Insights, Robbie was a Distinguished Engineer  IT at Cisco where he worked for 13 years. During that time he wrote or co-wrote 10 books in a 5-year period. Having spent his career focused on “automating the un-automatable,” he asked himself why he couldn’t automate his writing career.

Read the full article from O’Reilly.

DC To VC: An Inside Look at the Winners of Morgenthaler’s Health Tech Startup Showcase

TechCrunch writer Rip Empson covers the Morgenthaler Ventures’ “DC to VC Startup Showcase” winners including Raleigh-based Axial Exchange. The showcase is a nationwide contest aimed at identifying the most promising young health technology startups. From over 200 applicants, the pool was reduced to eleven finalists, who was presented to an invite-only crowd of VCs, angel investors and entrepreneurs. Axial Exchange was a Series A Finalist for its platform that enables providers to coordinate care and measure clinical quality across disparate settings.

Read the full article from TechCrunch.

Argyle Growing in Social Media

Writing for the Triangle Business Journal, Monica Chen profiles the Durham-based social media startup Argyle Social. The company recently completed its $1.24M Series A financing led by IDEA Fund Partners. The company offers a SaaS product that consolidates multiple social media accounts in one place and provides marketers analytics on data such as clicks, conversions and leads acquired. “Customers are using social media tools, and companies want to go where the customers are,” says Lister Delgado, Managing Partner of IDEA Fund Partners. “What is happening now is that companies want to figure out how to best get to these customers. That’s where Argyle comes in.”

Read the full article from the Triangle Business Journal.

StatSheet Changes Name to Automated Insights, Scores $4 Million

TechCrunch writer Robin Wauters covers Automated Insights’, formerly known as StatSheet, $4M Series A financing. The company decided to change its name to better reflect its broadened focus. Automated Insights’ technology automatically turns big data sets into narrative content and visualizations. The auto-generated content can be formatted as headlines, summaries and long-form articles and can be distributed via mobile applications, social media or the Web.

Read the full article from TechCrunch.

ChannelAdvisor and Windsor Circle Partner to Extend Turnkey Email Marketing Integration to Online Retailers

ChannelAdvisor announced today a partnership with Windsor Circle to provide purchase history email integration for ChannelAdvisor Webstores customers.. These customers can no add Windsor Circle’s targeted email marketing capabilities instantly, allowing them to recover abandoned shopping carts, send product recommendations and segment customers based on buying behavior and purchase history. “E-commerce marketers have a difficult time accessing their own sales data because you have to do custom integrations, which are costly, slow and unsupported. These integrations took months to build, but with Windsor Circle‘s solution, a retailer is ready to go in minutes,” said Matt Williamson, CEO of Windsor Circle. “We’re providing ChannelAdvisor Webstores customers with integration to virtually any email marketing provider—now they can personalize emails, build in product recommendations and much more.”

Read the full press release from ChannelAdvisor.