WorldRemit bolsters Denver presense
London-based money-transfer company WorldRemit has received a $100 million round of venture financing, which will help add 218 employees in downtown Denver in the next five years. The company provides website and mobile apps that allow people to send and transfer money internationally more easily. There are currently 10 employees working downtown, the U.S. headquarters established in December. [WorldRemit lands $100M in venture financing to accelerate Denver hiring: Denver Business Journal]
Centennial, Colorado-based Arrow Electronics has acquired the United Technical Publishing division of Hearst Business Media. [Arrow Electronics Buys Division of Hearst Business Media: Colorado Tech Rockies]
New COO for sovrn
Boulder-based online advertising tools developer Sovrn said it has named Todd Siegler as its new Chief Operating Officer. [sovrn Names Siegler COO: Colorado Tech Rockies]
Colorado Tech Association names new leaders
The Colorado Technology Association announced new board leadership for 2015 this week. Steve Foster, chief operating officer at GTRI, will lead the organization as board chair in 2015 and Michael Marcotte, founder of Acumen Digital and former chief information officer at EchoStar, was named chair elect.