Boston

Boston: $90 Million for 111 Hub Startups

MassChallenge Class Gets $90 Million In Funding: MassChallenge said its first class of 111 startups has secured about $90 million in funding and created 500 jobs in a year. The nonprofit is trying to kick off a startup spree by providing support, including free office space, to entrepreneurs. Three quarters of the 2010 class are based in Massachusetts. They were picked from 450 applicants. Boston.com Boston Physicians Get Mobile Access to Records: InterSystems says that Partners HealthCare Systems is providing… continue…

Boston Pulse: MTDC Looks for Its Promised State Funds

Posted In Looking in Tech
Boston Scientific Expands…In China: Boston Scientific will spend $150 million in China over five years to expand its operations and staff there. The company says the investment will include a new manufacturing plant to serve the Chinese market and a training center. Head count in China will grow from 200 to 1,200 over the five years. Boston.com Boston Places Fourth in Download Speed Test: A Pando Networks study has discovered the cities and states with the fastest average Internet connections… continue…

Boston: VC Funding Here Passes New York’s Level

Boston Beats New York in Startup Money: Boston’s leading New York in more than just the AL standings. There’s venture capital funding, too. During the first half of 2011, Hub companies drew in $1.9 billion, 30 percent more than startups in New York. This reverses the trend set last year, when New York benefited from more investment. VentureSource, which publishes the numbers, says the biotech industry here had a big second quarter. It’s a welcome sign since recently some VCs… continue…

Boston: State Street Plans to Lay Off Hundreds in IT

State Street Cuts 850 Tech Jobs: State Street announced plans to cut 558 technology jobs in Massachusetts. The Boston-based financial services firm said it will eliminate 530 of the positions over the next 18 to 20 months, while another 320 employees will be transferred to IBM or Wipro. State Street calls the job cuts part of an “IT transformation.” Late last year, the company unveiled a massive cost-cutting plan that envisioned eliminating 1,400 positions, including 400 in Massachusetts. The company’s… continue…

Boston Pulse: Some Argue for Getting Rid of Non-Competes

Posted In Looking in Tech
Rising Support of Getting Rid of Tough Non-Competes: The Boston Globe’s Scott Kirsner says forcing employees to sign stringent non-competes can stifle any city’s tech sector. Because talented, smart and driven people have made Massachusetts such an innovative place, he argues, its citizens should be able to take their skills where they want, and start companies when they want. Dissolving the bands of non-compete agreements in the  state would help startups grow and prod more established companies to be more competitive. Boston.com… continue…

Boston Pulse: EMC Grows, Green Incubator Launches

Posted In Working in Tech
EMC Head Count Soars Past 50,000: EMC of Hopkinton hit an employee head count of 50,000 worldwide amid healthy sales of its data-storage computers and software. The company’s s most recent official employee tally, disclosed in its annual report, stood at 48,500 on Dec. 31, but the company has added hundreds of jobs since then. Note, however, that much of EMC’s recent growth has come on the West Coast, where its majority-owned VMware business is booming, accounting for about 14… continue…

Mass. Game Developers See More Opportunities

Woman With A Video Game
Video game development is taking root in Massachusetts.  More than 60 tech jobs are open at video game companies there, according to the Massachusetts Technology Leadership Council (33 of them are on Dice). Overall, game companies directly employ more than 1,200 people in the state, placing it fifth behind California, Texas, Washington and New York. Video game companies in Massachusetts include Turbine, which produced Lord of the Rings and Dungeons and Dragons; Irrational Games, creator of the popular Bioshock; Harmonix,… continue…

Some New England IT Sectors Coming Back

Posted In Uncategorized
The best IT jobs in New England right now are in the industrial, medical, and education sectors. Though most of the region’s IT workers saw an uptick in opportunities, those in these industries enjoyed the most growth. According to the Federal Reserve: Technology firms year-over-year revenue increases ranged from 3 percent to 25 percent in the most recent quarter, with most in the double digits. An increased demand for software and IT services from the industrial, medical, and education sectors,… continue…

Boston’s Liberty Mutual is Hiring 100 Developers, Project Managers and Architects

Posted In Uncategorized
Insurer Liberty Mutual will begin hiring 100 tech employees to staff a new IT Development Center in Boston. The jobs mix entry-level and experienced positions for software developers, project managers and architects who will work with both mainstream and innovative technologies, including Web and mobile development, and cloud computing. Liberty Mutual also has has IT Development Centers in Dover and Portsmouth, N.H., Indianapolis, and Seattle. – Mark Feffer

Thursday’s News Roundup

Posted In Looking in Tech
The good news: Employment in the future will favor two kinds of workers, and one of them is the highly skilled professional, including those focused on technology. The bad news: The other kind is the low-skilled service worker. [AP] Many New England software firms have added employees as revenues improved as much as 15 percent from 2009. Technology firms have been the most aggressive above other local industry tapping staffing agencies for additional employees. [Boston.com] Miami seeks to create its… continue…