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Technology
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Portland financial firm continues acquisition spree
Updated: November 3, 2020Private equity-backed Foreside Financial Group announced Monday that it has acquired Integrated Compliance Solutions Group, of Hartford, Conn., for an undisclosed amount. The deal is Foreside's fourth strategic buy since early 2019.
Updated: November 3, 2020
WEX hits pause on $50M Scarborough building, but not on M&A
Updated: October 30, 2020WEX Chair and CEO Melissa Smith told Mainebiz the payments company is holding off on a decision until 2021, as most of the payment firm's employees continue working from home.
Updated: October 30, 2020
Feeling impact of pandemic, WEX posts double-digit drops in Q3 revenue, earnings
Updated: October 29, 2020"Our sales momentum continues to be strong which is important to meeting our long-term growth targets and creates confidence in the future of WEX," said Melissa Smith, chair and CEO of the Portland-based financial technology service provider.
Updated: October 29, 2020
MITC panel: Pandemic-driven e-commerce pivots are likely here to stay
Updated: October 28, 2020The challenge for business is not the shift to e-commerce per se, but how owners continue to manage their businesses in the new digital reality, experts on a business panel said.
Updated: October 28, 2020
Startup Maine series debuts with 'bold ideas' to support entrepreneurs
Updated: October 28, 2020"If there's a single problem, it's getting more people into this realm of making stuff," Waterville-based expert Nick Rimsa told viewers of Tuesday's webinar, for which close to 100 people had registered.
Updated: October 28, 2020
Portland-based Forager partners with Mass. supermarket chain
October 27, 2020The Maine startup, which connects producers and the market through a digital platform, is partnering with the Roche Bros. supermarket chain as the demand for local food grows amid the COVID-19 pandemic.
October 27, 2020
Maine could soon 'fall back' for the last time
Updated: October 27, 2020As Mainers — or their smartphones — adjust timekeeping on Sunday, debate continues among lawmakers and businesses about the future of daylight saving time. New legislation could determine whether Maine ever observes it again.
Updated: October 27, 2020
Portland software startup gets $75K boost from new accelerator
Updated: October 23, 2020KinoTek Inc. is one of six startups selected out of 442 that applied from 42 countries for a new sports and health tech accelerator program in Florida.
Updated: October 23, 2020
Life science community touts Maine's advantages in new marketing campaign
Updated: October 22, 2020The campaign by an industry group promotes reasons for life-science companies to consider Maine as a location. Among the benefits: a skilled workforce, a supportive business network and quality-of-life attributes.
Updated: October 22, 2020
Giving Notebook: MCF awards broadband grants, credit union helps cancer patients
Updated: October 26, 2020The Maine Community Foundation has awarded more than $117,000 in grants to improve high-speed internet access, while Town & Country Federal Credit Union and Maine Cancer Foundation are teaming up to provide $40,000 to cancer patients affected by
Updated: October 26, 2020
Startup Maine series to spotlight entrepreneurs, 'ecosystem builders'
Updated: October 20, 2020The series, set to debut on Oct. 27, will feature discussions with Maine entrepreneurs as well as so-called "ecosystem builders" working behind the scenes to foster business growth throughout the state.
Updated: October 20, 2020
Roux Institute picks up another $100M with grant from Harold Alfond Foundation
October 9, 2020The Portland-based research and academic institute was one of eight recipients of grants from the Harold Alfond Foundation, less than a year after launching with another $100 million donation. The Jackson Laboratory also received $12 million in the
October 9, 2020
L.L.Bean expands online reach in partnership with Zappos
October 9, 2020The Freeport-based manufacturer of outdoor gear and apparel is teaming up with Zappos in a new wholesale partnership unveiled on Thursday.
October 9, 2020
MaineHealth wins $1M grant to expand rural care via telehealth, as tech trend continues
October 8, 2020The grant from the federal Department of Agriculture's Rural Development Program is one of over 100 nationwide, totaling $72 million in funds. The award comes as telehealth soars in popularity, driven by the pandemic.
October 8, 2020
Details emerge on use of $500M in grants from Harold Alfond Foundation
October 7, 2020The Harold Alfond Foundation announced grants totaling $500 million to eight Maine schools, research institutes and other organizations. Two of the recipients on Wednesday unveiled plans for the use of the funding.
October 7, 2020
Maine joins multistate settlement with Anthem over 2015 data breach
Updated: October 2, 2020Through the $39.5 million settlement with 44 states, Anthem has agreed to a series of governance provisions designed to strengthen its practices going forward. Maine will also get resources for consumer protection activities through the settlement.
Updated: October 2, 2020
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