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Archive for March, 2011

March 2011 Newsletter

Mass. Capital is pleased to announce a new investment in HighRoads, Inc., a privately-held, Woburn-based company.HighRoads offers a complete suite of services for Benefit Supply Chain Management.HighRoads aggregates HR program information into a central repository, automating the procurement, renewal, SPD and vendor management processes for FORTUNE 500 employers.Highroads clients include Staples, Boeing Corporation, General Dynamics and Pitney Bowes.With HighRoads’ technology-enabled consulting, employers have online access to benefit plan information and pricing, competitive benchmarks, and complete benefit supply chain management.The world’s leading employers choose HighRoads to gain control over their healthcare costs and compliance.HighRoads helps employers control health care plan costs, limit the use of costly internal resources, dramatically reduce costly consulting rates, and reallocate savings to improve employee welfare and improve the company’s bottom line. In addition, HighRoads helps employers provide timely and accurate information, which is required by law, on employee benefit programs, reducing legal exposure and meeting compliance requirements.

With the completion of the HighRoads investment, Mass. Capital’s cumulative investments now exceed $600 million.President Dick Anderson commented that “we are delighted to have HighRoads join our portfolio and we are very proud to have achieved this significant investment milestone.During the life of the partnership, Mass. Capital has provided higher risk, long term capital to over 300 companies in Massachusetts.Like so many of our investments, our investment in HighRoads helps support growth.Mass. Capital will continue to be an excellent source of mezzanine capital and long term debt.”

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March 2011 Newsletter
Mass. Capital is pleased to announce a new investment in HighRoads, Inc., a privately-held, Woburn-based company. HighRoads offers a complete suite of services for Benefit Supply Chain Management. HighRoads aggregates HR program information into a central repository, automating the procurement, renewal, SPD and vendor management processes for FORTUNE 500 employers. »

NWN Corporation Named to Inaugural CRN Tech Elite 250

List Recognizes VARs with Deep Technical Expertise and Premier Certifications in North America

Waltham, MA, March 3, 2011 – NWN Corporation, a leading systems integration company, announced
today that the company has been named to the inaugural CRN Tech Elite 250. The Tech Elite 250
serves as the industry’s definitive list of VARs with both deep technical expertise and premier
certifications. NWN has been recognized as a best-of-breed integrator who has invested in technical
know-how and earned premier certifications in the areas of data centers and infrastructure for North
American customers.

CRN Editors worked with solution providers and outside experts to define the most important technical
certifications in the market today. By mapping certifications against the key technology opportunities as
defined by CRN’s State of the Market study and Midmarket study, the Tech Elite 250 recognizes the
VARs most committed to helping customers innovate while reducing costs.

“The Tech Elite 250 recognizes an elite group of VARs who are successfully navigating the dynamic IT
channel market,” said Kelley Damore, Vice President, Editorial Director at Everything Channel. “By
adapting to new customer purchasing patterns and redefining best practices, these solution providers
are delivering the strategies and value customers demand to compete in today’s competitive economic
environment.”

NWN CEO Mont Phelps stated “We place the bar high when it comes to certifications because it enables
us to best serve our customers. We currently have 550 employees yet over 600 certifications – with
more to come.”

About NWN Corporation

NWN Corporation helps clients solve business problems through technology. The company provides clients with a complete range of information system services and solutions. These include data center and virtualization; network infrastructure; collaboration; client computing lifecycle management; application development, security, IT staffing; and managed services.

NWN is a substantial corporation with more than 550 employees in 14 offices in the US and one in China. The company has been recognized as one of the fastest growing IT solutions companies in the country, ranking fifth in CRN magazine’s most recent annual survey. NWN is privately held and woman-owned.

NWN’s clients include private and public sector organizations in almost every line of work. It provides solutions to universities, PreK-12 districts and schools, financial institutions, manufacturers, hospitals, retailers, professional service providers, and state and local government agencies.

About Everything Channel

Everything Channel is the premier provider of IT channel-focused events, media, research, consulting, and sales and marketing services. With over 30 years of experience and engagement, Everything Channel has the unmatched channel expertise to execute integrated solutions for technology executives managing partner recruitment, enablement and go-to-market strategy in order to accelerate technology sales. Everything Channel is a UBM company. To learn more about Everything Channel, visit us at http://www.everythingchannel.com. Follow us on Twitter at http://twitter.com/everythingchnl.

About United Business Media Limited

UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM’s businesses inform markets and serve professional commercial communities — from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists — with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to www.ubm.com.

Contact

Chari Rhoades

NWN Corporation

916.669.2338

crhoades@NWNIT.com

NWN Corporation Named to Inaugural CRN Tech Elite 250
Waltham, MA, March 3, 2011 – NWN Corporation, a leading systems integration company, announced today that the company has been named to the inaugural CRN Tech Elite 250. The Tech Elite 250 serves as the industry’s definitive list of VARs with both deep technical expertise and premier certifications. NWN has been recognized as a best-of-breed integrator who has invested in technical know-how and earned premier certifications in the areas of data centers and infrastructure for North American customers. »

Chicago Sun-Times: City signs $2.5 million deal for solar-powered trash compactors

By signing a contract with BigBelly Solar to provide up to 1,600 solar-powered trash compactors with wireless monitoring and companion recycling units, the City of Chicago has taken a major leap forward in transforming the way it manages public litter collection and a new recycling program in the downtown area. With its commitment announced this week to install the BigBelly intelligent waste collection system, the City will significantly reduce collection frequency and the related costs, truck traffic, fuel consumption and carbon emissions.  The initial business-district deployment will consist of 400 BigBelly trash and recycling kiosks.

A summary of the Sun-Times article follows, with links to read or download the entire article.

Chicago, IL – Garbage collection on the streets of downtown Chicago is going solar and high-tech, thanks to a $2.5 million purchase that could redefine the term “Big Belly.”

The Daley administration has signed a contract with Massachusetts-based BigBelly Solar to provide at least 400 solar-powered trash compactors in the central business district, where pedestrian traffic is heaviest and trash bins need frequent pickups.

Each unit holds five times the garbage of a normal trash can and has its own built-in sensor that alerts the city when it’s full. There’s also an attached container for recyclables.

“This initiative will help the city continue providing services during these difficult economic times with our more limited personnel resources,” Streets and Sanitation spokesman Matt Smith wrote in an e-mail response to the Sun-Times.

“Benefits are both economic and environmental. Since units are solar-powered, they don’t need an external power source. They compact the trash, so Streets and Sanitation makes fewer trips to empty them. … Trucks are out less, use less fuel and produce less emissions.”

BigBelly Solar bills itself as the “world’s first integrated” system that uses “renewable power and information technology” to dramatically reduce refuse collection costs.

“The machine senses when trash reaches a certain level and triggers the compactor, which is powered by a solar-powered battery. There is also a separate container attached to the BigBelly that can accommodate recyclables,” Smith said.

“When the unit is full and needs emptying, it sends a notification to the city via an automated site. There is also a visible indicator on the machine to alert staff that it needs to be emptied.”

If the downtown experiment is half as successful as it’s been in Philadelphia, Chicago taxpayers could save a ton.

In 2009, Philadelphia was emptying the 700 conventional trash bins in its city center 17 times a week, with 33 employees working three shifts.

One year later — after installing 500 solar-powered compactors — collections had dropped to five times a week by nine employees working a single shift.

That saved Philadelphia taxpayers $900,000 in the first year alone, company officials said.

“Wireless communications capability … allowed the city to better route and monitor vehicles and staff. Labor freed up by fewer required collections was used to staff the city’s expanding recycling program,” according to the company’s website.

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Chicago Sun-Times: City signs $2.5 million deal for solar-powered trash compactors
Chicago, IL – Garbage collection on the streets of downtown Chicago is going solar and high-tech, thanks to a $2.5 million purchase that could redefine the term “Big Belly.” »

AspenTech Releases New Local Language Versions of Products in aspenONE® Manufacturing & Supply Chain Suite

Extends Benefits of Process Optimization to More Users in China, Brazil, Russia and Other Countries

BURLINGTON, MA — March 1, 2011 — Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced the release of new local language versions of manufacturing and supply chain products in the 7.2 release of aspenONE V7 software.

AspenTech customers may download language packs for the localized products from the AspenTech Support Center.

Supporting Quotes:

Manolis Kotzabasakis, Executive Vice President, Aspen Technology, Inc.

“By offering more aspenONE products in local languages we are making it easier for customers to develop a new generation of skilled engineers and operators, replicating best practices globally to achieve superior financial and operating results.”

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process.With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations.As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient.To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com

AspenTech Releases New Local Language Versions of Products in aspenONE® Manufacturing & Supply Chain Suite
BURLINGTON, MA — March 1, 2011 — Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced the release of new local language versions of manufacturing and supply chain products in the 7.2 release of aspenONE V7 software. »

Curaspan Hospital Customers Cut Readmission Rate to Below National Average and Saved Almost $260 Million in 2010

Second Annual Curaspan Clinical Data Bank™ Review Reveals 1% Drop in Preventable Readmissions from 2009

NEWTON, Mass. — March 16, 2011 — Hospitals using the Web-based eDischarge™ software-as-a-service (SaaS) application have significantly cut readmissions overall for the second year in a row and in 2010 saved on average about $1.5 million each, according to Curaspan Health Group, the industry leader in building secure electronic patient-transition networks for hospitals, post-acute providers and suppliers to optimize patient care.

“This illustrates the power of data,” said Thomas R. Ferry, president and CEO of Curaspan. “The business intelligence that we deliver to our customers with the automatic capture and display of data empowers and enables them to achieve better clinical outcomes and financial results. It also helps them avoid Medicare payment penalties that begin next year for higher-than-expected readmission rates.”

A review of aggregated 2010 data for 168 Curaspan hospital customers with 150 beds or more reveals a 14% readmission rate overall versus approximately 20% nationwide. Customers access on-demand data via eDischarge as well as a portfolio of 30 standard weekly and monthly reportsthat includes four readmissions-related reports.

The readmissions reports available in the Curaspan Clinical Data Bank enable hospitals to easily track readmissions by diagnosis, physician, placement and provider. By regularly reviewing readmissions data, hospital staff is well-equipped to respond to troubling trends by identifying the root cause.

“The detailed readmissions reports provide important insights that contribute to better outcomes,” said Kathryn Bennett, RN, director of case management at Indiana University Health Bloomington. “Data about readmission rates by post-acute provider, for example, help us manage and improve these important relationships.”

The 2010 drop in readmissions experienced by Curaspan hospital customers translates into approximately $127,500 savings per month or $1.53 million annually per hospital, based on an average of 17 fewer readmissions each month at a case rate of $7,500.

The 2010 numbers were an improvement from the previous year. In 2009, a hospital, on average, saved approximately $108,000 per month or $1.3 million annually based on 15 fewer readmissions each month. In the aggregate, the 168 hospitals whose blinded data was reviewed saved $257 million in 2010 versus $180 million in 2009. For the two years included in the Curaspan Clinical Data Bank review, hospitals overall cut preventable readmissions and saved $437 million.

“Think about the impact the smart use of data could have on health care nationwide,” added Ferry. “If the other 2,000 similarly sized U.S. hospitals followed the same practice of regularly reviewing and responding to readmissions data, there would be a potential savings of about $3 billion a year.”

Founded by Ferry, Curaspan is an 11-year old company that has helped set the standard for the secure transmission of clinical data about patients moving from one level of care to another. Curaspan works with more than 3,000 of the nation’s top hospitals, health systems and post-acute care providers in 37 states and the District of Columbia. Among them are Johns Hopkins Health System, NewYork-Presbyterian Hospital, Saint Thomas Health Services (part of Ascension Health), Riverside Health System, Vanguard Health Systems, Apria Healthcare, American Medical Response, Gentiva Health Services, Golden LivingCenters, Life Care Centers of America and SunBridge Healthcare.

About Curaspan Health Group

Curaspan Health Group builds secure electronic patient-transition networks for hospitals, post-acute providers and suppliers to optimize patient care. Curaspan software-as-a-service (SaaS) applications empower users with real-time, predictive decision-making data that enables all participants to continuously monitor care, improve communication and ensure compliance. This informatics exchange is integrated with the proprietary Curaspan Provider Data Bank, the industry’s most comprehensive and up-to-date system of actionable patient-transition intelligence, and is complemented by the clinical process expertise of credentialed advisors. The Health Care Advisory Board and KLAS repeatedly have recognized Curaspan for its industry-leading software. Curaspan is headquartered in Newton, Mass. For more information please visit Curaspan.com, or tell us how to contact you.

###

Media Contact:
Sarah Mees
KMC Partners Public Relations
978-409-2519
Sarah@KMCPartners.com
Curaspan.com/News-Media

Curaspan Hospital Customers Cut Readmission Rate to Below National Average and Saved Almost $260 Million in 2010
NEWTON, Mass. — March 16, 2011 — Hospitals using the Web-based eDischarge™ software-as-a-service (SaaS) application have significantly cut readmissions overall for the second year in a row and in 2010 saved on average about $1.5 million each, according to Curaspan Health Group, the industry leader in building secure electronic patient-transition networks for hospitals, post-acute providers and suppliers to optimize patient care. »

AspenTech Marks 30 Years of Innovation and Leadership In the Process Industries

Focus on Process Optimization has Helped Customers Achieve Superior Financial and Operating Results Over Three Decades

BURLINGTON, Mass — January 11, 2011 — The year 2011 marks 30 years of innovation and leadership in the process industries for Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of optimization software and services.  AspenTech is one of only a handful of software companies to reach the 30th year milestone, a list that includes companies such as Microsoft, IBM, Oracle and SAP. Over that time, AspenTech built and sustained its market leadership and remains the largest software company exclusively focused on optimizing the process industries.  For three decades, the world’s leading process industry companies have achieved superior financial and operating results using AspenTech’s process optimization solutions.

Supporting Quotes:

Mark Fusco, President & CEO, Aspen Technology, Inc.

“For 30 years, AspenTech’s focus on optimizing the process industries has not wavered. Over that time, the backbone of our company has been a commitment to innovation and a clear mission to deliver best-in-class optimization products delivering superior operating and financial results for customers.  These have served as the pillars of our success to date and will be our guiding principles as we move forward.”

Supporting Resources

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process.  With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations.  As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient.  To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

AspenTech Marks 30 Years of Innovation and Leadership In the Process Industries
BURLINGTON, Mass — January 11, 2011 — The year 2011 marks 30 years of innovation and leadership in the process industries forAspen Technology, Inc. (NASDAQ: AZPN), a leading provider of optimization software and services. AspenTech is one of only a handful of software companies to reach the 30th year milestone, a list that includes companies such as Microsoft, IBM, Oracle and SAP. »

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