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WEX tracking to become $1B company by year's end

James McCarthy |

WEX Inc. reported total revenue for the second quarter increased 9.5% to $233.9 million, which is $20.2 million more than the $213.7 million reported for the second quarter in 2015.

Redzone unveils $1M rural broadband funding program, Bangor expansion

Staff |

On the same day that it announced that it has expanded service offerings to greater Bangor, broadband service provider Redzone Wireless, LLC announced that it has launched a new $1 million municipal...

Orono company to join Silicon Valley startup accelerator program

Cerahelix Inc., an early stage company making ceramic filters for various industries, was picked to be in a 12-week, start-up accelerator program in Silicon Valley.

DeLorme wants review of $6.2M penalty over imported belt clip

Yarmouth-based navigational company DeLorme has requested that the U.S. Supreme Court review a $6.2 million penalty assessed against the company by the International Trade Commission over an alleged...

Award-winning texting prevention app came from an unlikely place — teens

Five students from the Presque Isle Regional Career and Technical Center didn’t come home empty handed from the National Leadership and Skills Conference in Louisville, Ky.

Bull Moose founder's newest play: rugged PCs

Lori Valigra |

FieldStack LLC, a Portland lean retail software company founded by Bull Moose founder Brett Wickard in 2013, said Thursday it has signed a deal to integrate and resell its software in rugged mobile...

Maine startups come out big with $1.3M in MTI funds

Staff |

The Maine Technology Institute approved three loans and six grant applications for the month of July totaling $1,310,983 to Maine businesses specializing in advancements in the fields of composite...

Oxford Networks set to be acquired by N.Y. equity firm

Staff |

The Lewiston-based fiber-optic bandwidth infrastructure services provider Oxford Networks has entered into a definitive agreement to be acquired by the New York-based private equity firm Oak Hill...

Portland firm bests 24 contenders for $146K grid grant

Lori Valigra |

Introspective Systems LLC, a Portland-based company that designs complex frameworks and software so various electronic systems can talk to each other in networks, has been awarded a $146,683 grant...

TechHire Maine gets $4M boost for IT employment training

Staff |

The Brunswick-based nonprofit Coastal Counties Workforce Inc. and EducateMaine have received a $4 million grant from the U.S. Department of Labor to support the TechHire Maine program that helps...