Leading News

Jepsen George 336x223

CT Atty. General Questions Casino Plan

By: KEITH M. PHANEUF and MARK PAZNIOKAS CT Mirror.com Jepsen sees ‘not insubstantial’ risk in casino expansion HARTFORD: Allowing Connecticut’s two federally recognized tribes to jointly operate a casino off tribal lands…
wmec logo1r1

Eight Regional Corporations Chosen Among the Most Ethical in The World

NEW YORK: The Ethisphere Institute has recognized eight southern New England corporations as among the most ethical in the world. For eleven years the organization has selected using what it is explains as an “Ethics…
revolution lighting

Connecticut's Fastest Growing Tech Company - Reports Results

STAMFORD: Revolution Lighting Technologies, Inc. [Nasdaq:RVLT] was recognized as Connecticut’s fastest growing technology company by the Connecticut Technology Council in 2016. On March 9th, the company reported fourth…
tribes casino copy

Tribes Unveil Casino Building Plans and Pitch For Legislation

HARTFORD: The Mashantucket Pequot and Mohegan Tribe[s], released a rendering of their planned East Windsor entertainment and gaming facility. The two tribes also highlighted the benefits of Senate Bill 957 authorizing the…
Millstone from The Day

Battle Resumes Over Opening Utility Markets To Millstone

By Keith M. Phaneuf ctmirror.com State legislators are grappling for the second year in a row over whether to allow the owners of the Millstone Nuclear Power Station to sell electricity to Connecticut’s utilities. Whether…
stvincents

St. Vincent's Hospital Says No Sale Imminent

BRIDGEPORT: In meetings in late February [see report] hospital executives told employees that it was considering a potential sale or merger in the future. No formal documents had been presented to the Connecticut Department…
the american health care act gop

What The GOP Obamacare Replacement Bill Means For You And CT

By, Arielle Levin Becker, ctmirror.com Members of Congress will begin moving forward today with efforts to pass the American Health Care Act, a proposal to replace many of the major provisions of the Affordable Care Act, the…
Screen shot 2017 03 01 at 11.03.38 AM

Connecticuters [not our word] Earn $11 Million in 2016 with Airbnb

HARTFORD: In July the State of Connecticut cinched a deal with Airbnb, the home sharing company, to collect taxes from its “host” facilities. According to the company, Connecticut’s 2,400 active hosts earned more than $11…
women tech

There is No Stemming These Women's Tech Chops

Connecticut Technology Council Announces the 2017 Women of Innovation® Finalists and Awards Gala. HARTFORD: The Connecticut Technology Council (CTC) announced the 50 Women of Innovation finalists for its 2017 Women of…
hydrogen

We're #1 – Hydrogen Company Acquisition

MERIDEN: Proton OnSite founded in 1996 is expected to be sold and merged into Nel ASA, an Oslo, Norway based hydrogen production company. The companies have entered a “non-binding” agreement for the purchase, with a total…
cadeuces

Hartford Insurance Execs Looking For A Friend In Washington

By Mitchell Young WASHINGTON: Aetna [NYSE: AET] and Cigna [NYSE:CI] have watched their huge mergers collapse this month under the weight of lawsuits brought by the Obama administration. The Justice Department won a first…
globalchallenge

Connecticut’s $5 Million Global Venture Challenge Opens Applications to…

PRESS RELEASE: VentureClash 2017 focuses on attracting Internet of Things, Digital Health, FinTech and InsureTech companies ROCKY HILL: Connecticut Innovations (CI), announced the launch of the first-round application period…

New Farmland Harvest – Solar Energy – Creating Political Sparks

By, Jan Ellen Spiegel, ctmirror.com SUFFIELD: “This is beautiful,” Kevin Sullivan proclaimed, navigating his truck at a…

United Bank – “Unites” With Downtown Hartford

GoodwinSquare
GLASTONBURY: United Bank [United Financial Corp, NASDAQ: UNBK] is making a big deposit in downtown Hartford. William H. W.…

CT Hospitals Launch TV Ad To Protest New Tax Proposal

hosptialtv
By: Keith M. Pahneuf, ctmirror.com Connecticut’s hospital industry launched a new television ad Thursday to protest Gov.…

Technology

revolution lighting

Connecticut's Fastest Growing Tech Company - Reports Results

STAMFORD: Revolution Lighting Technologies, Inc. [Nasdaq:RVLT] was recognized as Connecticut’s fastest growing technology company by the Connecticut…
corinformatics

Fast Growing Branford Software Innovator Acquired By Leading Global…

Core Informatics CEO: Gabelle wants to "accelerate the digital lab." BRANFORD: Core Informatics one of Connecticut’s fastest growing technology…

CT Venture Arm Invested Broadly To End 2016

Business Technology Internet 172328840
ROCKY HILL: The fourth quarter of 2016 brought a great stash of new cash to 31 companies across Connecticut and beyond, from Ridgefield to Tolland.…

Fast Growing etouches – Hiring and Acquiring

etouch
NORWALK: etouches is a global provider of cloud event management software and one of Connecticut’s fastest growing companies. Ranked 461 on…

Former Banking Commissioner Joins Tech Firm Board

howardpitkin
NEW HAVEN: Howard Pitkin a former Connecticut banking commissioner was elected to the board of Continuity, a "leading provider of compliance…

Connecticut’s $5 Million Global Venture Challenge Opens Applications to…

globalchallenge
PRESS RELEASE: VentureClash 2017 focuses on attracting Internet of Things, Digital Health, FinTech and InsureTech companies ROCKY HILL: Connecticut…

Stamford's Novitex Merger To Form $2.8 Billion Tech

novitex
PRESS RELEASE NEW YORK: SourceHOV, LLC (“SourceHOV”), Novitex Holdings, Inc. (“Novitex”) and Quinpario Acquisition Corp. 2 (Nasdaq: QPAC, QPACW and…

There is No Stemming These Women's Tech Chops

women tech
Connecticut Technology Council Announces the 2017 Women of Innovation® Finalists and Awards Gala. HARTFORD: The Connecticut Technology Council (CTC)…

We're #1 – Hydrogen Company Acquisition

hydrogen
MERIDEN: Proton OnSite founded in 1996 is expected to be sold and merged into Nel ASA, an Oslo, Norway based hydrogen production company. The…

Real Estate & Construction

Government

Jepsen George 336x223

CT Atty. General Questions Casino Plan

By: KEITH M. PHANEUF and MARK PAZNIOKAS CT Mirror.com Jepsen sees ‘not insubstantial’ risk in casino expansion HARTFORD: Allowing Connecticut’s two…
tribes casino copy

Tribes Unveil Casino Building Plans and Pitch For Legislation

HARTFORD: The Mashantucket Pequot and Mohegan Tribe[s], released a rendering of their planned East Windsor entertainment and gaming facility. The two…

Hartford Insurance Execs Looking For A Friend In Washington

cadeuces
By Mitchell Young WASHINGTON: Aetna [NYSE: AET] and Cigna [NYSE:CI] have watched their huge mergers collapse this month under the weight of lawsuits…

Coltsville National Park Plan, Moves Forward

coltbuildings
By, Ana Radelat, ctmirror.com WASHINGTON: The U.S. House of Representatives on Monday brushed aside a major obstacle to the full establishment of…

CT Hospitals Launch TV Ad To Protest New Tax Proposal

hosptialtv
By: Keith M. Pahneuf, ctmirror.com Connecticut’s hospital industry launched a new television ad Thursday to protest Gov. Dannel P. Malloy’s proposal…

What You See – Depends On What You’re Looking At

KLEPPER SMITH
By Keith Phaneuf, CTmirror.com Study Finds Connecticut A Fine Place To Do Business Economist Klepper-Smith: “Some positives that are undeniable.”…

Health

stvincents

St. Vincent's Hospital Says No Sale Imminent

BRIDGEPORT: In meetings in late February [see report] hospital executives told employees that it was considering a potential sale or merger in the…
the american health care act gop

What The GOP Obamacare Replacement Bill Means For You And CT

By, Arielle Levin Becker, ctmirror.com Members of Congress will begin moving forward today with efforts to pass the American Health Care Act, a…

Hartford Insurance Execs Looking For A Friend In Washington

cadeuces
By Mitchell Young WASHINGTON: Aetna [NYSE: AET] and Cigna [NYSE:CI] have watched their huge mergers collapse this month under the weight of lawsuits…

CT Hospitals Launch TV Ad To Protest New Tax Proposal

hosptialtv
By: Keith M. Pahneuf, ctmirror.com Connecticut’s hospital industry launched a new television ad Thursday to protest Gov. Dannel P. Malloy’s proposal…

Hospitals Worry Medicaid, Obamacare Changes Could Bring Pain

marna borgstrom
By, Arielle Levin Becker [This is a significantly edited version, the complete article can be found at ctmirror.com] With the potential for major…

Hospital Lights Up Cannabis Research

marijuana clear
HARTFORD: St. Francis Hospital and Medical Center’s medical marijuana research program has been approved by the state. The hospital say’s its…

Connecticut On Santa’s Good List For Once

healthstates
Connecticut companies may want to move down South to save on electricity and wage costs, but according to the 2016 report by the United Health…

To Err is Human, Unless It Is Happening to You

medical error
State Measure Errors In Connecticut Hospitals HARTFORD: Good news from the Connecticut Department of Public Health, errors or what they call “adverse…

ConnectiCare and CliniSanitas Partner for Retail Locations

connecticare
FARMINGTON: Just a month after threatening to pull out of Access CT, Connecticut’s Health Care Exchange. ConnectiCare revealed a new and for a health…

TB or Not TB

Hartford: Cases of Tuberculosis have decreasing in the nation and Connecticut since 1990,with the low hitting in 2013. Things have stated to change…

Breathing Easier With Electric Vehicles

Best electric cars 2016
HARTFORD: Connecticut is providing an additional $2.7 million in new funding to continue the consumer rebate program launched last year to promote…

Grant Received For Valley Families

ANSONIA: BHCare received two-year grants from The Community Foundation for Greater New Haven for $75,000 and the Valley Community Foundation also for…

Economy

Eight Regional Corporations Chosen Among the Most Ethical in The World

wmec logo1r1
NEW YORK: The Ethisphere Institute has recognized eight southern New England corporations as among the most ethical in the world. For eleven years…

Connecticut Corporate Taxes - In Mid Range Nationally

taxes connecticut
Resource Release COMPARE> Washington, DC: With federal tax reform efforts seeking to lower the 35 percent tax rate on corporations, it's also worth…

Is Saint Vincent’s Hospital On The Block?

SVMC Bridgport
BRIDGEPORT: A report late Thursday, February 23 in the Connecticut Post revealed that management at Bridgeport’s St. Vincent's Hospital has told…

A For Sale Sign and A Foreclosure For Two Fairfield County Signature…

matrix danbury
By Mitchell Young DANBURY: GE’s sale of its sprawling campus to Sacred Heart University and the relocation of employees to Boston and Norwalk,…

Who’s Your Data?

data
HARTFORD: New search capabilities of the state’s business formation database have been made available through a partnership with the Connecticut…
Web Analytics

revolution lightingSTAMFORD:  Revolution Lighting Technologies, Inc. [Nasdaq:RVLT] was recognized as Connecticut’s fastest growing technology company by the Connecticut Technology Council in 2016. On March 9th, the company reported fourth quarter 2016 revenues and sales growth has continued, but not at its once torrid pace. Revenues were $51.2 million for Q4 2016, an increase of 15% over Q4 2015, with a gross margin of 34% with Adjusted EBITDA [Earnings before interest, taxes and deductions] of $5.2 million.

Net income for the company's foruth quarter was $1.6 million or $0.08 per share. Annually revenues of $172 million were a 33% increase over 2015 for the year, with a loss of $500,000. The company has a current market value of approximately $120 million.

Robert V. LaPenta, Chairman, CEO, was happy with the performance saying, "we are pleased to deliver a successful fourth quarter and full year 2016 operating and financial performance, and believe the Company continues to outperform the overall growth of the LED lamp and luminaire industry.”

corinformatics

gabelle
Core Informatics CEO: Gabelle wants to "accelerate the digital lab."

 

BRANFORD: Core Informatics one of Connecticut’s fastest growing technology companies has been purchased by Thermo Fisher Scientific Inc., [NYSE THMO] a diversified global technology and science company with more than 55,000 employees and $18 billion in sales.

Core Informatics founded in 2006, the company was listed by Deloitte at 469 on its 2016 Tech Fast 500 list among US companies for its 130 percent cent growth rate. Core informatics provides “laboratory data management solutions to biopharma, genomics, and other scientific organizations.”

For nearly its first decade the company “bootstrapped” growth, in 2014 the management team put their foot on the accelerator raising $ 5 million to fuel growth, a year later it raised another $17 million, its then 65 employees swelled to the current 100.

Read More ...

Business Technology Internet 172328840ROCKY HILL: The fourth quarter of 2016 brought a great stash of new cash to 31 companies across Connecticut and beyond, from Ridgefield to Tolland.

Connecticut Innovations Inc., [CII] the quasi public venture capital fund, placed 12.2 million on Connecticut’s tech table.

The companies were as diverse as Kleo Pharmaceuticals [previous coverage] , a New Haven based bioscience company developing the research from David Spiegel’s lab at of Yale University. The company is developing what the company says is an entirely new class of immunotherapy drugs by “developing small molecules that emulate biologics.”

Read More ...

etouchNORWALK: etouches is a global provider of cloud event management software and one of Connecticut’s fastest growing companies. Ranked 461 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America it grew 132 percent during this period.

Founded in 2008, etouches says it has assisted more than 25,000 event professionals in “planning, executing and measuring their events,”

Read More ...

howardpitkinNEW HAVEN: Howard Pitkin a former Connecticut banking commissioner was elected to the board of Continuity, a "leading provider of compliance management and regulatory technology."

CEO Michael Nicastro made the announcement saying, “Howard has been involved with and has managed many different facets of compliance over his 40-year career in banking oversight. This level of expertise along with his relationships with the 49 other state regulators as well as federal agencies will be integral to Continuity as we continue to build compliance solutions on our compliance platform for financial institutions.”

Read More ...