KJHburg

Charlotte Tech News

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Story about fast growing Fintech startup firm based in Cary but with an office here in Charlotte.

I thought this was some unique perspective 

""Cary has access to a number of really high-quality software developers, engineers, and data scientists, said Ryden, both homegrown from the region’s universities and attracted to the market from other locations.  “That’s what’s attracting companies like Apple and Amazon here,” said Ryden.  The Triangle talent market is very product focused, said Ryden, and the Charlotte talent market is very project focused. “Our business needs both—we have been able to blend both strengths.”  North Carolina is rapidly becoming home to a number of growth-stage companies that are disrupting the traditional financial services markets through technological innovation, said Ryden.""

Heres the story on Precision Lending https://www.wraltechwire.com/2018/07/16/startup-precisionlender-building-financial-powerhouse-one-bank-at-a-time/

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More good news in the tech front.   From a Business Journal subscriber article

""It's full-steam ahead for Charlotte-based Apogee Legal's employees, following the legal-technology firm's acquisition by Seal Software Inc. as of July 1.Seal Software, based in Walnut Creek, California, provides a data extraction and analytics platform for enterprises. The company plans to use Apogee's 4,000-square-foot office at 200 S. College St. in uptown Charlotte as a start to its East Coast development center, says Matt Miller, co-founder of Apogee.   "We’re going to continue to grow out our legacy team," Miller says. "We definitely are looking forward to having a significant presence in the Charlotte community."    their current employment in Charlotte is about 30.   But this is the real good news:   ""Miller says Seal Software is also considering basing more of its resources in Charlotte. He says there are plans for "a pretty aggressive growth plan," which he hints will involve the employee base and amount of office space here.""  emphasis mine. Walnut Creek CA is in the high cost very competitive Bay area.     As CBRE said Charlotte is a great place due to its talent, east coast location and cost structure to scale any tech operation. 

Read it here https://www.bizjournals.com/charlotte/news/2018/08/06/what-this-tech-companys-acquisition-means-for-its.html?ana=e_du_prem&s=article_du&ed=2018-08-06&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1533589326&j=83113411

Reminds me of what San Fran Credit Karma said about Charlotte in a post a few posts up.

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52 minutes ago, KJHburg said:

Charlotte firm recycling old technology literally with old hard drives, circuit boards, etc at their facility in north Charlotte.  This is much needed for sure.  https://www.bizjournals.com/charlotte/news/2018/08/08/photoshow-this-charlotte-startup-is-using.html?ana=twt

This is an example of a small company the region and state should be embracing and assisting in cultivating too!!

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52 firms in the Charlotte metro area made it on the INC Magazine's 5000 fastest growing companies including several tech names like Passport, Levvel, and a wide variety of companies.  Congratulations to you all 137 companies from NC in total with 52 from the Charlotte region.

https://www.bizjournals.com/charlotte/news/2018/08/15/more-than-50-fast-growing-firms-in-charlotte-area.html?ana=e_ae_set1&s=article_du&ed=2018-08-15&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1534363757&j=83290811

view from the Triangle

https://www.bizjournals.com/triangle/news/2018/08/15/how-north-carolina-companies-fared-on-the-inc-5000.html?ana=e_ae_set1&s=article_du&ed=2018-08-15&u=oAaDx%2B74FoP4qOJ%2By4AU6dhJPpc&t=1534362922&j=83291031

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So about 26% of NC companies to make the list were from the Triangle, and about 38% were from Charlotte. Not bad!

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Singapore based fintech company opening its North American headquarters in Charlotte after being in Queen City Fintech program.  From the subscriber article

""Tookitaki, a Singapore-based regulatory technology company, is building its North American headquarters right here in the Queen City.Tookitaki specializes in providing anti-money laundering and reconciliation services by leveraging machine-learning capabilities. Founded in 2014, the company was a participant in Queen City Fintech's incubator program in 2017. Tookitaki tapped Edward Rounds, formerly of IBM Corp., to serve as general manager in North America. Jeeta Bandopadhyay, chief operating officer at Tookitaki, says the team was attracted to the Charlotte market because of its proximity to potential banking clients and lower cost of living.""

https://www.bizjournals.com/charlotte/news/2018/10/04/why-a-singapore-based-tech-company-decided-to.html

Heres another story on it and anyone can read it 

https://www.tmcnet.com/usubmit/2018/09/24/8822278.htm

Edited by KJHburg
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Now we have BeerTech growing in Charlotte.  From a subscriber article in the Business Journal about Ekos. 

""The Charlotte-based company that develops a business-management software for craft breweries went from nine employees to 22 in 2017, which prompted a need for more space and constant moving, said Josh McKinney, CEO of Ekos. The company finally landed at the Cedar Hill building at 800 W. Hill St. With more growth this year, it seemed likely that the company would have to move again, McKinney said. But during its real estate search, an office opened up adjacent to Ekos' existing space, so the company was able to stay put. It signed on to expand by subleasing that space, previously occupied by Blueprint before that office closed.  Today, Ekos has 11,500 square feet, inclusive of the entire first floor, at Cedar Hill. The company moved into its expanded space two weeks ago.""
https://www.bizjournals.com/charlotte/news/2018/10/04/what-drove-this-brewery-tech-company-to-double-its.html

From FinTech to BeerTech Charlotte's Tech community is growing and booming.  

their website  https://www.goekos.com/

Edited by KJHburg
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What's great about this is the pure tech/data play, and that they are profitable.   

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Tresata in an e-mail newsletter that comes out daily

https://thehustle.co/Tresata-unicorn-funding/

Quote

The Charlotte, NC-based company proves unicorns can pop up in many different places — and with many different types of elevator pitches.

Quote

According to Tresata’s website, the company’s goals are “giving customers what they want, keeping them safe, protecting what’s priceless and enriching their lives.”

If Tresata’s mind-numbingly ambiguous mission statement makes it seem like the company doesn’t really have any products: Well, that’s about right.

Tresata adapts its software to help clients tackle problems ranging from money-laundering prevention, to population health management, to marketing — making Tresata more of a consultancy than a software-seller.

But hey, Tresata’s buzzwords didn’t stop it hitting a $1B valuation — so who’s to criticize?

 

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