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Acquisition

CashStar Acquired by Blackhawk Network for $175M

By | Sep 1, 2017 at 7:15 am

The Portland, Maine-based CashStar, a pioneer in the digital gift card space, has been acquired by California-based Blackhawk Network for $175 million. The all-cash deal is not expected to affect CashStar’s local operations, according to a company spokesperson. It currently has two offices in…

Ecosystems

Maine Technology Institute Wants Your Input on How to Spend $45M 

By | Aug 31, 2017 at 7:15 am

The Maine Technology Institute will receive $45 million as a result of the $50 million bond referendum that voters approved earlier this year and is looking to gather feedback on the process it will use to distribute it. MTI will be soliciting proposals from Maine organizations…

Interviews

You Need Some Grit to Grow a Company

By | Aug 27, 2017 at 12:45 pm

  Kate McAleer, founder of Bixby & Co., an organic chocolate and food company attributes a lot of her success to plain, old, get-your-hands-dirty-and-stop-complaining grit and perseverance. Kate founded her company at the end of 2011 while still in New York. It remained “a beta…

Interviews

How The Wrong Team Member Can Be Detrimental to Your Business

By | Aug 21, 2017 at 7:15 am

Two years ago Will Mitchell, cofounder of NBT Solutions, a professional services firm offering custom mapping software applications to clients, and his cofounder, Sean Myers, hatched a plan. Instead of spreading themselves thin by saying yes to whatever client approached them about building a…

Ecosystems

Why Maine Needs More Startup Mentors

By | Aug 19, 2017 at 12:45 pm

With the Maine tech ecosystem making waves, there is an increasing need for more mentors. Kerem Durdag, is an Entrepreneur-in-Residence at the Maine Technology Institute, during which time he worked with 16 separate startups. He shares his thoughts as to why the EIR program…

Funding

What It Means to Have a Honey Badger Culture

By | Aug 17, 2017 at 8:30 am

The honey badger could be considered the world’s most fearless animal. For a Rockland, Maine-based digital marketing agency, Dream Local Digital, they consider their team members #HoneyBadgers of the online marketing world. Here’s how the company explains it: “#HoneyBadgers are tenacious. When we set…

Acquisition

Vets First Choice Acquires Arizona-Based Pharmacies, Expands Footprint

By | Aug 17, 2017 at 7:15 am

Vets First Choice, a company that serves as an online pharmacy for 30,000 veterinary practices and provides home delivery of medications and wellness diets to pet owners, is continuing to expand its footprint and suite of services it provides veterinary practices, this time via…

Startups & Apps

This Startup Aims to Swap Blood Draws for Saliva Samples

By | Aug 9, 2017 at 7:15 am

Portland, Maine-based biotech company Abogen, founded in 2012, has developed a method and accompanying technology to extract blood cells from saliva, allowing for the potential replacement of up to 80 percent of the five billion invasive, needle-necessary blood samples drawn annually. The company is…

Startups & Apps

Cerahelix Helps Save the Environment One Filter at a Time

By | Jul 28, 2017 at 7:15 am

Cerahelix, the Orono-based startup that’s invented a high-tech filtration device using DNA and ceramics, is raising $2 million to help it accelerate development of pilot programs at several early-adopter customers, including Magic Hat Brewing Co. in South Burlington, Vt. So far, the company has raised $500,000…