Maine News

Monday, May 14, 2012

Wright Express buys UK-based company for $28M
Wright Express Corp. (NYSE: WXS), a business payment processing and information management company based in South Portland, Maine, has acquired the stock of London-based CorporatePay for $27.5 million in cash, plus a potential earn-out of up to $8.8 million based on performance milestones.

Friday, April 20, 2012

2012 Women to Watch: Betsy Biemann
Betsy Biemann has spent the past six years listening to, believing in and investing in entrepreneurs. The Maine Technology Institute (MTI) invests in about 100 companies annually, working to fuel technology-based economic development in a state that has spent hundreds of years feeding off its vast natural resources.

Friday, April 13, 2012

Puritan launches transport system for viruses, bacterium
Puritan Medical Products Co. LLC in Guilford, Maine has launched two collection and transport systems for viruses and bacterium which work at room temperature, according to an announcement from the company.

Thursday, April 12, 2012

Fluid Imaging to give scholarships for algae research
Fluid Imaging Technologies Inc., of Yarmouth, Me., said it will award students up to $1,000 annually for four consecutive years to study algae technology.

Friday, April 6, 2012

Idexx breaks ground on HQ expansion in Maine
Idexx Laboratories Inc., a provider of animal health diagnostics and information technology services based in Westbrook, Maine, broke ground April 3 on a $35 million expansion to its corporate headquarters that could accommodate up to 300 employees.

Monday, April 2, 2012

Oxford Networks raises $4.8M for data center
A 112-year-old company with the word “telegraph” still in its officially-registered name has raised $4.8 million to launch a commercial data services center to offer what it says is the highest physical and infrastructure security in the state of Maine.

Tuesday, March 27, 2012

Maine Tech Institute invests in 7 businesses
Maine Technology Institute (MTI), a publicly-financed, private nonprofit organization created by Maine’s legislature to stimulate research and development, new products, and services, said it has invested $709,011 in seven growing Maine businesses.

Wednesday, March 21, 2012

Jackson Lab plans Maine expansion
Jackson Laboratory of Bar Harbor, Maine, plans to expand into nearby Ellsworth, and has reached an agreement to buy a former Lowe’s home-improvement store, contingent on zoning and other arrangements with the city.

Wednesday, March 14, 2012

Pinweel launches photo-sharing app
Pinweel Inc., makers of a photo-sharing application that allows users to automatically upload photos in real time and choose with whom to share them, has announced the availability of its software from the Apple iTunes store.

Friday, March 9, 2012

Blue Marble allies with energy imaging firm
Gardiner, Maine-based GIS software maker Blue Marble Geographics has announced an alliance with Spatial Energy in Boulder, Colo. to distribute content and software to the energy market worldwide.

Thursday, March 8, 2012

GreenPages acquires Atlanta cloud consulting biz
Kittery, Maine-based GreenPages, which has offices in Boston, New York and Atlanta, bought the storage and cloud technology management business to support its virtualization and cloud management services. Details of the deal were not disclosed.
Cerahelix lands $255K seed investment
Cerahelix, Inc., an Orono, Maine-based company developing a DNA-based way to produce advanced nanofiltration membranes for water re-use and recycling, has received $255,000 in funding from an offering of $750,000, according to documents filed with the U.S. Securities and Exchange Commission Wednesday.

Wednesday, March 7, 2012

Wentworth Technologies receives $1M in funding
Wentworth Technology Inc., a wireless communications firm in Saco, Maine, landed $1 million in equity funding, according to documents filed with the Securities and Exchange Commission.

Friday, February 24, 2012

Maine’s Pondera teams with Deepak Chopra
Maine nutraceutical company Pondera Pharmaceuticals has launched a line of nutraceutical products endorsed by well-known mind-body medicine pundit Dr. Deepak Chopra.

Tuesday, February 21, 2012

Startup NatCure aims to take on Novartis
NatCure Sciences, a biotech startup looking to set up offices in Cambridge or Boston this year, is seeking to raise venture funds this quarter as it works to develop a treatment that would rival a standard anti-inflammatory drug on the market.

Monday, January 23, 2012

DOE reports: Maine could generate 10% of all tidal power
Maine has the potential to produce 10 percent of the nation's tidal power energy, or 15 terrawatt-hours of electricity per year, according to recent reports by the U.S. Department of Energy.

Tuesday, January 17, 2012

Maine online vet pharmacy Vets First Choice buys VetCentric
Online veterinary pharmacy Vets First Choice of Portland, Maine, has acquired Maryland-based VetCentric, another online vet drug provider, creating an online pharmacy serving more than 25 million pet owners and more than 6,000 veterinary practices, the company said today.

Thursday, January 5, 2012

TechMaine files for Ch. 7 bankruptcy
After disbanding in October, TechMaine, the technology industry trade group in the Pine Tree State, has completely thrown in the towel, filing for Chapter 7 bankruptcy protection.

Tuesday, November 8, 2011

IDEXX buys RADIL lab from University of Missouri
Maine’s IDEXX Laboratories Inc. has put up $43 million in cash to acquire RADIL, a research and diagnostic laboratory business, from the University of Missouri.

Friday, November 4, 2011

Blue Marble buys Colo. competitor Global Mapping
Maine GIS software firm Blue Marble Geographics has acquired Global Mapper LLC of Parker Co., a provider of GIS software.