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Heavily-Regulated Industries Prime for Disruption, Finds Silicon Valley Bank Survey

Heavily-regulated industries such as healthcare and finance are seen as prime targets for disruption by marketplace innovators, according to a survey released today by Silicon Valley Bank. The Marketplace Disruption Survey found that just over half of participants said the healthcare and finance industries (25 percent and 26 percent, respectively) were most likely to see shakeups based on the online marketplace model.

The survey was conducted at Silicon Valley Bank’s Marketplace Mashup on October 14 in New York City. Nearly 100 marketplace founders, venture capital and private equity investors and industry veterans from around the world came together at the exclusive event. Participants included Airbnb, Uber, oDesk and Andreessen Horowitz, among many others. The Mashup is part of SVB’s effort to engage and connect founders and CEOs with industry visionaries on topics related to the future of the innovation economy.

“Marketplaces like Uber and Airbnb are so successful because their innovations addressed frustrating issues for consumers in industries that were desperate for change,” said Shai Goldman, Managing Director for Silicon Valley Bank in New York City and host of the one-day, invite-only event. “It’s no surprise that disruptive thinkers see significant opportunity within healthcare and finance marketplaces next. The trend toward new vertical marketplaces and expansion based on mobile adoption will continue to change how we access and consume these types of services.”

“Despite a fuzzy definition of the word ‘marketplace,’ and the variety of businesses that exist in this category, it is clear that they are going to increase in number. They’re resilient and antifragile,” said Marketplace panelist and Haystack Fund investor Semil Shah. “I see four types of businesses that could be classified as a marketplace: pure marketplaces connecting buyers and sellers directly, curated marketplaces that vet providers on the buyers’ behalf, businesses with marketplace dynamics like metered pricing, and marketplaces with subscription services. It’s an evolving area with serious growth potential, when you consider the large industries these companies could disrupt.”

The survey examined opportunities and hurdles that marketplace insiders see as they grow their businesses, finding that more than half (51 percent) of marketplace founders see balancing supply and demand as their greatest issue. Another 30 percent of respondents pointed to establishing trust with their users as an issue. Just seven percent of participants pointed to regulatory hurdles as a barrier to success and even fewer said that access to financing was an issue. Sixty-three percent of marketplace founders and executives do not plan to accept bitcoin, according to the respondents.

Business

Clariant Oil Services to Exhibit at 2014 Deepwater Operations Conference & Exhibition

Clariant, a world leader in specialty chemicals, today announced that its Oil Services business will exhibit at the 2014 Deepwater Operations Conference, booth 401, November 4-6, 2014, at Moody Gardens inGalveston, Texas.

Clariant Oil Services representatives will share details on recent developments to help improve deepwater production and reduce operational risk.

“Coupled with a global team and extensive network of resources, Clariant offers state-of-the-art offshore and deepwater technologies,” said Jonathan Wylde, Global Head of Clariant Oil Services Innovation. “We are excited to exhibit Clariant’s suite of solutions and capabilities, which help our customers improve production and reduce risk.”

The conference, which focuses on addressing operational challenges in developing deepwater resources, draws industry leaders, academia and government and will focus on economical and sustainable technologies and solutions to meet challenges faced by the oil services industry in the Gulf of Mexico and globally.

Clariant Oil Services will showcase its solutions for flow assurance, asset integrity and fluid separation, as well as its innovative anti-agglomerate technology for asphaltene inhibition.

Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2013 the company employed a total workforce of 18,099. In the financial year 2013, Clariant recorded sales of CHF 6.076 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth.

Clariant Oil Services is a leading provider of chemical technologies and services to the oil, pipeline and refinery industries. A global business with headquarters in Houston, Texas, Clariant Oil Services is represented in all major oil and gas locations. From deepwater exploration to refining, Clariant Oil Services provides chemical products and services designed to reduce customer costs, decrease operational risks and improve production efficiency.

Clariant Oil Services operates state-of-the-art R&D and applications laboratories in the United States, Scotland, Germany, Brazil andIndonesia, as well as an environmental testing laboratory in Norway. Clariant Oil Services’ industry experience is supported by a dedicated global technical services network, providing a unique position from which to address and resolve customer challenges anywhere in the world, now and in the future.

Business, Technology

Gordon Nixon joins the Board of Directors of BCE Inc.

BCE Inc. (TSX, NYSE: BCE) today announced the appointment of Gordon M. Nixon, CM, O. Ont., as a director of BCE and Bell Canada. Mr. Nixon will serve as a member of the Board’s Management Resources and Compensation Committee and the Corporate Governance Committee.

“Gord Nixon has earned a global reputation as one of Canada’s most distinguished and accomplished business leaders, and we are very gratified that he has accepted our invitation to the BCE Board. His unparalleled experience as chief executive of Canada’s largest financial institution, and his renowned commitment to sound corporate governance and strong risk management practices, will be tremendous assets to BCE shareholders,” said Tom O’Neill, Chair of the Board of BCE and Bell Canada.

President and Chief Executive Officer of the Royal Bank of Canada from August 2001 to August 2014, Mr. Nixon previously served as Chief Executive Officer of RBC Dominion Securities Inc. from December 1999 to April 2001. He is currently Chairman of MaRS, a not-for-profit organization that connects science, business and capital. Mr. Nixon also chairs the Queen’s University Capital Campaign, and in 2012 chaired the Ontario Premier’s Jobs and Prosperity Council.

Mr. Nixon has been awarded the Order of Canada, the Order of Ontario and the Queen’s Golden Jubilee Medal. He is a recipient ofCanada’s Outstanding CEO of the Year Award and the Canadian Business Leader Award, is included in Barron’s list of the World’s Best CEOs, and is an Honouree of the Public Policy Forum. Both Queen’s University and Dalhousie University have conferred on Mr. Nixon the degree of Honorary Doctor of Laws. Mr. Nixon earned a Bachelor of Commerce (Honours) degree from Queen’s University.

Business, Technology

ON.Lab Launches Revolutionary SDN Open Source Network Operating System — ONOS — on behalf of its Community of Service Providers and Innovator Partners

The Open Networking Lab, ON.Lab, today launched the revolutionary open source SDN Open Network Operating System (ONOS) on behalf of the ONOS community of partners, contributors and end-users. The open source software will be released and available for download on Dec. 5 (see event details below). ONOS is a complete open source SDN network operating system that enables agile service creation and deployment at scale on any hardware, including white boxes. This disruptive platform delivers a highly available, scalable SDN control plane featuring northbound and southbound open APIs and paradigms for a diversity of management, control, and service applications across mission critical networks.

Initially targeted to service providers, the community’s goal is to extend the platform for cloud service providers, enterprises and mainstream deployments. Founding members who are funding and contributing to the ONOS initiative include AT&T, NTT Communications, Ciena, Fujitsu, Huawei, Intel, NEC; and members who are collaborating and contributing to ONOS include Infoblox, SRI, Internet2, CNIT and Create-Net. Partners are looking forward to ONOS’ availability and embracing its initial uses. The availability of ONOS as an open source software will be a strong driver for the growth of its ecosystem and its continued successful evolution.

“By now, SDN is deployed in data centers worldwide, based on proprietary software,” said Scott Shenker, professor of CS at UC Berkeley and faculty director of the Open Network Research Center. “The next frontier for SDN is service provider networks, where large network operators need to program their networks to create new, differentiated services. To enable this, we need a highly available, scalable control plane such as ONOS upon which new services can be instantiated and deployed.”

Since inception, ONOS has had the support and contributions of service providers. Targeted to mission critical networks, ONOS empowers providers to realize the true benefits of SDN by enabling the creation of optimized, agile and responsive network infrastructure. ONOS’ architecture delivers the network programmability, scalability, high availability and performance required to meet the needs of carrier-grade network environments. Tier 1 service provider partners such as AT&T and NTT Communications and several key vendors have supported the ONOS platform from its inception and continue to work with the community to deliver significant new use cases.

“Software-defined networking can radically reshape the wide area network,” said John Donovan, senior executive vice president, AT&T Technology & Operations. “The introduction of ONOS provides another open source SDN option designed for service provider networks with the potential to deliver the performance, scale, availability and core features that we value.”

ONOS is architected for ease of use in mission critical networks, providing a pure SDN approach to networking that is embraced by the open source community. By capitalizing on white box switches to reduce costs and managing them with SDN, service providers have the ability to allocate higher budgets to applications and business services while reducing spending on operations and maintenance.

“ONOS is built from scratch, from the ground-up, to be highly available, fast and extensible. It can be used to control existing equipment or new white boxes, allowing service providers to gain more control of their networks and reduce costs,” said Nick McKeown, professor of CS and EE at Stanford and faculty director of the Open Network Research Center.

ONOS also allows providers to gradually migrate their existing networks to SDN without requiring instant forklift upgrades by supporting a diversity of southbound devices and interfaces in addition to OpenFlow. With the potential to transform and reshape the networking environment, open source SDN delivers increased service innovation through a variety of applications developed and contributed by the open source community.

“NTT Communications and ON.Lab are well aligned in our goals for developing SDN for service provider networks,” said Yukio Ito, senior vice president and board member at NTT Communications. “We have been at the forefront of deploying SDN in carrier networks. We recognize the need for an open source network OS that provides carrier grade features to deliver carrier grade services. With ONOS’ northbound abstractions we now have an opportunity to develop control, management, and configuration applications quickly. We are excited to pilot use cases on ONOS in 2015.”

“ONOS is created with the idea of bringing a solid open source SDN platform to meet the needs of service providers and enterprises,” said Guru Parulkar, executive director of ON.Lab. “We have achieved our objective of bringing, for the first time, a complete open source SDN OS that not only addresses the mission critical needs of service providers and enterprises but also delivers capabilities that enable developer and DevOps communities to create, operate and innovate on legacy networks and white boxes. ON.Lab is committed to driving the ONOS project based on open source best practices and bringing innovation and true SDN value to the community.”

Business, Technology

Imprimis Pharmaceuticals Signs Distribution Agreement to Bring Go Dropless™ Proprietary Formulations to Ophthalmologists in Puerto Rico

Imprimis Pharmaceuticals, Inc. (NASDAQ: IMMY), a specialty pharmaceutical company focused on the development and commercialization of proprietary sterile and topical compounded drug formulations, today announced that it has entered into a distribution agreement with MD Distributor, Corp. (MDD).  Under the agreement, MDD has the rights to market, sell and distribute Imprimis’ patent-pending Go Dropless™ formulations and other ophthalmic formulations in Puerto Rico.  In addition, the agreement also covers the Dominican Republic and countries in the Caribbean once regulatory approvals are obtained.  MDD represents leading healthcare companies and its experienced sales and marketing professionals are primarily focused in the specialty areas of ophthalmology and dermatology.

“The MDD team is excited to join forces with Imprimis and we look forward to introducing Go Dropless formulations to our growing ophthalmologist customer base in Puerto Rico,” stated Ricardo Diaz, President of MD Distributor.  “We plan to immediately start calling on the estimated 100 ocular surgeons and surgical centers that perform an estimated 25,000 cataract procedures each year inPuerto Rico to educate them on the benefits of Dropless surgery.  We also believe that Imprimis’ other ophthalmic formulations will be prescribed in additional surgeries, including refractive, retina and glaucoma procedures. Physicians in Puerto Rico, like elsewhere, need state-of-the-art unique solutions to improve their practices, and create enhanced experiences for their patients.  We believe Imprimis’ Go Dropless formulations will meet this need.”

“MDD is an ideal partner for us as they have developed long-standing relationships with leading ophthalmic surgeons in Puerto Rico,” stated Mark L. Baum, CEO of Imprimis.  We have already started working with the MDD team to prepare for the kickoff of the Go Dropless education and marketing campaign, which is expected to commence over the next few weeks.  We are committed to increasing physician adoption of our Dropless formulations across the US and its territories and having representation in Puerto Ricowill help us with this mission.”

Imprimis believes that its proprietary formulations have a broad application in ophthalmic surgery, including the multi-billion dollar global cataract surgery drug market.  Cataract surgery is one of the most common surgical procedures, and a 2013 Market Scope report estimates that 22 million procedures were performed globally in 20131. The World Health Organization predicts that by the year 2020, more than 32 million cataract surgeries will take place globally on an annual basis and the global ophthalmic drug market is expected to grow to $21.6 billion by 2018.  According to the National Eye Institute, over 24 million Americans have cataracts and due to various factors including the growing aging population, this number is expected to grow to 38 million by 2030 and expected to more than double to over 50 million by the year 2050.

Business, Technology

Meta Search Site Directflights.com Has Partnered With Calasi to Launch SmartScore(TM), Allowing Travelers to Compare Not Only Flight Prices and Schedules, But Also Value-Added Flight Amenities

SmartScoreTM aggregates data from six categories – price, schedule, comfort, in-flight entertainment, on-board Wi-Fi and fuel economy. These categories are calculated to create SmartScoreTM, a single data point that rates the overall quality of each flight. SmartScoreTM is seamlessly integrated as an icon on the Directflights.com web site. Its varying color and numeric value make it easy to spot the very best flights at a glance. Clicking on SmartScoreTM reveals detailed information on comfort, amenities and fuel economy, thereby allowing travelers to select the flight that best matches their specific needs.

As Rob Stross, Directflights.com MD, states, “Whist delivering the best price as a meta search site is critical, we also recognize the need to look at the added value elements essential when booking a flight. This is exactly what our users are looking for and the partnership with Calasi allows us to deliver this seamlessly. If you’re 6 foot four and traveling long-haul, a few dollars extra is a small price to pay for more legroom. The new SmartScoreTM function allows you to pick and choose accordingly.”

Dirk Aguilar, Calasi’s President and Co-Founder, continues, “Leisure travelers prefer watching films over reading an in-flight magazine. And business travelers readily catch up with email when Wi-Fi is available. Through our partnership with Directflights.com we are presenting such valuable information to travelers at a time when they are still planning their trips. In doing so, we are enabling informed decisions and dramatically improving the travel experience.”

Directflights.com is part of Worldwide Media Direct PLC. Directflights.com is the UK-based flights and holiday comparison site, comparing live prices for over 500 airlines and 250,000 hotels globally. Calasi was founded to help travelers find the perfect flight on their favorite travel sites. Rich content and dynamic decision assistance are delivered through web services APIs in real time. Former employees of Google, AOL, Sun Microsystems and The Climate Corporation established the San Francisco based start-up in 2012.