RedShelf and Ed Map Form Partnership to Provide More Institutions with Affordable eLearning Materials

CHICAGO–(BUSINESS WIRE)–RedShelf, a leader in eLearning content delivery, today announced its partnership with premier content strategy and logistics company, Ed Map. The two companies will integrate their technical solutions to provide Ed Map clients with seamless access to RedShelf’s eReader and catalog of over 380,000 titles, providing learners a robust option for effective and affordable learning materials, including open educational resources (OER).

Lucas Roh’s next act is all about big data

Lucas Roh is taking a big step with his newest startup, coming out of stealth mode.

Roh’s new company, Bigstep, launched four years ago in London, is looking to make it easier for companies to tackle big data projects using the cloud. He’s betting that he can help companies make the leap by offering them better security and ease of use than Amazon, Microsoft and Google.

Bigstep is launching its product in the United States, opening a data center and office in Chicago, where Roh is based.

Online Lender Ascend Taps VCs, Debt in Tough Market

When Steve Carlson, chief executive of emerging online lender Ascend Consumer Finance Inc., considered fundraising this year, he realized the market wasn’t nearly as receptive as a year ago, when his startup received a $1 million equity seed round.

The sector has been beset by problems this year, including lower demand from debt investors for…

There’s a Brilliant New Way to Pay Less for Your Flights

Here’s exactly how to save a ton of money on airfare—especially if you book last-minute

There are probably worse travel planners than me, but I doubt it. I’m a procrastinator, and always fretting that I didn’t find the best deal. So a new feature of airline travel appeals: the option.

Recently, I paid $29 to a company called Options Away to hold a $156 one-way fare from Las Vegas to New York City for two days so I could do some further dithering—I wasn’t sure about my return.

Norwich University’s College of Graduate and Continuing Studies Partners with Ed Map to Drive Course Materials Affordability and Access

NELSONVILLE, Ohio, June 7, 2016 /PRNewswire/ — Norwich University’s College of Graduate and Continuing Studies (CGCS), in Northfield, VT, has partnered with Ed Map, Inc. to provide its online students with course materials services. This decision is another validation of Ed Map’s ongoing development of its product roadmap and its customer service focus, as well as Ed Map’s pioneering Platform as a Service (PaaS) business model. The College, which provides all online students with course materials by the first day of class, will be utilizing the All-In Model by Ed Map (AIM) product.

Telemedicine startup lands $1.3 million

Regroup Therapy, a telemedicine startup for mental health treatment, has raised another $1.3 million from backers that include former Walgreens CEO Greg Wasson.

The funding was led by Hyde Park Angels and included OCA Ventures; Impact Engine; Lon Chow; Grubhub co-founder Mike Evans; Wasson Enterprise, the family investment office of Greg Wasson; his wife, Kim; and brother, Stewart Wasson, also a former Walgreens executive. New Stack Ventures and Mark Agnew, president of Lou Malnati’s, also invested.

Levyx Raises $5.4M to Supercharge Big Data Processing Platforms Like Apache Spark

PALO ALTO & IRVINE, Calif.–(BUSINESS WIRE)–Levyx Inc., whose high-performance processing technology dramatically reduces infrastructure costs associated with big-data applications, today announced the closing of a $5.4 million Series A round led by Chicago-based OCA Ventures. Additional investors include Palo Alto, Calif.-based Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individual executives from leading technology companies like EMC and SAP.

Alert Logic Surpasses $100 Million in Annualized Revenue

Houston, TX – April 20, 2016 — Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service solutions for the cloud, today announced its Q1 2016 results. The company recorded $23.7 million in GAAP revenues for the quarter ending March 31, 2016, representing 31 percent year-over-year growth over Q1 2015, and achieved total contracted recurring revenue exceeding a $103 million annualized run-rate. Additionally, the company now has

more than 3,800 customers using its Security-as-a-Service solutions to protect their cloud, hybrid or on-premises IT infrastructure.

“Achieving $100 million in annualized run-rate is a significant milestone for a cybersecurity company,” said Gray Hall, CEO of Alert Logic. “This is undeniable evidence of strong cloud adoption and customer validation of our strategic approach to cybersecurity – combining market-leading technologies with 24×7 security monitoring and cloud deployability to secure business critical IT infrastructures.”

Alert Logic Reports Q4 2015 Results

Houston, TX – January 27, 2016 — Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, today announced that 2015 marked another year of record results. The company recorded $81 million in GAAP revenues for the fiscal year ending December 31, 2015, representing 40 percent growth over 2014. Alert Logic’s total recurring revenue under contract in the month of December exceeded a $98 million annualized run-rate, and the company now has more than 3,600 customers using its Security-as-a-Service solutions to protect their IT infrastructure running in any data center environment, including public cloud, hosting and on-premises data centers.

Gladwin’s $1.3 billion Cleversafe win could change the face of Chicago tech

Chris Gladwin has been swimming with sea turtles in the Bahamas. That’s what you do to unwind after you sell your tech company for $1.3 billion.

Gladwin, 52, was volunteering on a research project that involved actually chasing the critters down in the water—no particular sweat for an endurance athlete whose hobbies include orienteering races that can take a few hours or a few days.

The trip to count sea turtles was no accidental adventure. Gladwin did a similar trip to recharge his batteries after selling his last startup, MusicNow, a subscription digital music service.