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Level 3 Communications helps take down a criminal network
Boulder-based Level 3 Communications teamed up with Cisco to take down a major criminal software network. The malicious software affected about 90,000 computers every day, and earned the hackers as much as $90 million a year. [Level 3, Cisco take down major cybercrime network, Denver Business Journal]
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Techstars has eyes for Nigerian startups
Boulder-based Techstars is looking for opportunities in Nigerian information and communication technology companies. A partner of the firm recently traveled to Lagos, Nigeria to meet with business owners. Techstars has a $155 million fund ready for investment over the next couple of years. [TechStars seeking opportunities with Nigerian startups, Denver Business Journals]
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Ft. Collins airport gets a ‘virtual’ flight tower
The Fort Collins-Loveland Municipal Airport was selected by the Federal Aviation Administration to test new Virtual Air Traffic Control Tower technology. The airport does not have a physical control tower, which has made it difficult to keep carriers interested in the servicing the city. [‘Virtual tower’ could bring more flights to airport, Coloradoan]
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Seagate completes purchase of Dot Hill Systems
The Bay Area behemoth Seagate completed their $696 million purchase of Longmont-based Dot Hill Systems. The acquisition was first publicly announced in August, and represented at $9.75 per share price for the software and hardware storage company. [Seagate’s $696M purchase of Colorado software storage firm completed, Denver Business Journal]
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Foundry Group & Techstars Ventures invest in Pioneer Square Labs
Seattle-based Pioneer Square Labs raised $12.5 million in funding from at least twelve venture capital firms and as many as 50 angel investors. The Foundry Group led the investment round, which included a who’s who of venture capital firms and angel investors. [A Seattle Start-Up Studio, Pioneer Square Labs, Starts With Prominent Backers, New York Times]
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SFX may be looking to sell Beatport
SFX Entertainment is apparently looking to sell off some of its assets in a hurry, including Denver-based Beatport. Apparently SFX overpaid for a number of properties and now needs to offload some assets at a large discount. So, if your childhood dream was to own a dance-music download website, this may be your opportunity. [Is music promoter SFX looking to unload Denver’s Beatport?, Denver Business Journals]
