Hollywood's Prolexic acquired by Akamai for $370 million

Written by David Glass.

prolexic logoHOLLYWOOD – Akamai and Prolexic Technologies, announced today that the two companies have signed a definitive agreement for Akamai to acquire Prolexic, a Hollywood-based provider of cloud-based security solutions for protecting data centers and enterprise IP applications from attacks.  

Under terms of the agreement, Akamai will acquire all of the outstanding equity of Prolexic in exchange for a net cash payment of approximately $370 million, after expected purchase price adjustments, plus the assumption of outstanding unvested options to purchase Prolexic stock.  The closing of the transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to occur in the first half of 2014.

Miami's Venture Hive accelerator goes international with Spring 2014 class

Written by David Glass.

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MIAMI - The Venture Hive accelerator has announced its 2014 Spring class in partnership with the Miami Downtown Development Authority and Miami-Dade County. The program is focused on recruiting and cultivating tech businesses in sectors closely aligned with Miami’s economic future, including hospitality and tourism, trade and logistics, healthcare, and creative sectors such as design, music, art, and fashion.

Venture Hive received over 150 applicants from 23 different countries, which were narrowed down to 10 selected companies.

Nova Southeastern Researcher Gets $1 Million to Develop Virtual World Program

Written by David Glass.

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FORT LAUDERDALE - Some people use alternate virtual world programs like Second Life to escape reality, but one researcher is examining whether these same virtual worlds that are used to stimulate the imagination could help amputees develop the skills needed to navigate the real world.

Sandra Winkler, who has a Ph.D. in occupational therapy and serves as a faculty researcher and assistant professor for the Nova Southeastern University College of Health Care Sciences, was recently awarded a three-year grant totaling nearly $1 million in funding from the U.S. Department of Health & Human Services Agency for Healthcare Research & Quality to pursue her study. The project costs will be 100% financed with federal funds.

Google brings back accelerator to Miami

Written by David Glass.

newmePopup-gfe-smSAN FRANCISCO, CA - NewME Accelerator is seeking local startup rock stars to participate in the Miami PopUp Accelerator this fall. In partnership with Google for Entrepreneurs, NewME PopUps bring together entrepreneurs working on innovative technology products for an in­depth, high­intensity weekend of collaboration and production.

The three ­night event takes place September 27­-29 will feature coaching from NewME experts and a two-­part workshop titled “The Art of the Pitch” which provides secrets to a perfect pitch to investors and how to stand out among other entrepreneurs. The weekend culminates with “Demo Day,” a night where startups will network with key players in Miami’s tech scene, special guests from Silicon Valley, and ultimately pitch their idea to a panel of judges that consists of local and Silicon Valley investors.

Hollywood's Prolexic closes $30 Million round

Written by David Glass.

prolexic logoHOLLYWOOD - South Florida-based operating system protection firm, Prolexic Technologies announced it has closed a US$30 million Series C funding round led by new investors Trident Capital and Intel Capital. Prolexic’s existing shareholders include Kennet Partners, Camden Partners and Medina Capital.

This latest round of financing comes at a time when Prolexic’s year-over-year revenues have increased 65 percent. Following the Series C investment, Trident Capital’s Managing Director Gustavo Alberelli will join Prolexic’s Board of Directors.

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