B.E. Digerati sells company for $147 million: news from the Valley to the Alley--and all points in between. (Tech Buzz).Tech pays off. While other tech companies were floundering, Donna Auguste's Freshwater Software was experiencing consecutive quarters of profitability. And while start-ups were burning through investment dollars, Auguste was building her firm into a multimillion-dollar software maker that went from $1.25 million in venture funding in 1996 to posting revenues of $20 million in 2001. Last May, Auguste sold Freshwater Software for $147 million in cash to Mercury Interactive For another company with a similar name, see Mercury Computer Systems. HP Mercury (formerly Mercury Interactive) is a subsidiary of Hewlett-Packard that is a market leader in automated software quality assurance and offers products in other areas such as diagnostics, Corp., a software testing Software testing is the process used to measure the quality of developed computer software. Usually, quality is constrained to such topics as correctness, completeness, security, but can also include more technical requirements as described under the ISO standard ISO 9126, such and analysis company in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. . Auguste has gone on to pursue philanthropic work in Kenya and Tanzania, since she was last featured in the magazine (see "She's Fresh," Techwatch, November 2000). Auguste was not available for comment. * More shakeout blues. Not all black digerati The "digital elite." People who are extremely knowledgeable about computers. It often refers to the movers and shakers in the industry. Digerati is the high-tech equivalent of "literati," which refers to scholars and intellectuals, or "glitterati," the rich and famous. are immune to the dot-bomb phenomenon. Music Buddha, the company that started out to sonify music selection on the Web, has called it quits, since it was last featured in BLACK ENTERPRISE (see "Have It Your Way," Techwatch, May 2001). The technology was the brainchild of Brian Adams, the company's chief architect and cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found . The software offered the first sound-based music recommendation service on the Web. Adams had also developed Song Sonar, a product that let those in the radio and music industry test the compatibility of songs in a simpler, less expensive format. Music Buddha had managed to sign on 12 radio stations, from Alaska to Indiana, before closing shop last September. * A new deal. Washington, D.C.-based Conquest Systems Inc. has won a $1 million renewable one-year contract with the Procurement and Grants Office of the Centers for Disease Control in Atlanta. Conquest, a software-development firm founded in 1989, had over $10 million in revenues for 2001. The agreement calls for Conquest to provide IT support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , such as evaluating and applying emerging technologies, IS lifecycle development, and technical writing and editing of system and user documentation. The contract is renewable for two additional years. * Cheek out ... The new Compaq iPAQ Pocket PC 3800 Series (www.compaq.com). It features the worldwide data and voice capability GSM/GPRS Wireless Pack, 65,536 (16-bit) color, 64MB of RAM, and a Secure Digital card See SD Card. slot at the top--and Bluetooth. |
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