In March, Pathway Medical closed its Series D round of financing. Giza was joined in the funding round by a number of major US investors including Forbion Capital Partners, HLM Venture Partners, Latterell Venture Partners, and Oxford Bioscience Partners.

Pathway entered its initial revenue sales in the last quarter of 2008 and plans to use the new funding to build out its sales team, grow its manufacturing organization, and continue product development. This should allow Pathway to take off and enter profitability stage.

Paul Buckman, Pathway’s president and CEO, said: "The environment for raising financing today is extremely challenging, especially for venture capital, and it's been reported that only 11% of all medical device venture capital financings have been more than $25 million since the end of 2007. Without question, this financial commitment from our investors is a positive endorsement of Pathway's technology and, more importantly, our strong team of people."

In April, Continuity Software announced a major OEM deal with Symantec Corporation. Symantec has adopted Continuty’s Disaster Recovery verification solution in its Veritas CommandCentral Disaster Recovery Advisor, a software tool for Data Recovery/High Availability.

The main aim of CommandCentral Disaster Recovery Advisor is to identify configuration vulnerabilities in the data center and to ensure applications can be recovered in the event of an unplanned outage.

Research conducted by Symantec last year showed that 30% of Disaster Recovery tests fail, 32% of organizations say testing will impact their customers, and 21% of those polled believe testing could negatively affect sales and revenue. As a result, the majority of IT managers dread DR recovery testing.

“Our customers continually face the challenge of simplifying operations and cutting costs while ensuring the full recovery of their business in the event of a failure,” said Yogesh Agrawal, vice president of Symantec’s CommandCentral Product Group. “In large scale data centers, proactively identifying configuration risks without disrupting the business is so difficult that most organizations don’t do it. With Disaster Recovery Advisor, IT organizations can automatically detect thousands of such issues, understand the risk to their applications, servers, and storage and take action while efficiently leveraging existing IT resources.”

Lucid has recently announced a major deal with ELSA, a Japanese supplier of high-end graphics solutions. Under the agreement, Lucid’s HYDRA real-time distributed processing engine will power ELSA’s first high-performance multi-GPU setup.

The solution is aimed at broadcast, medical and other markets that require high-performance real time graphics processing or GPGPU-based high-performance computing.

By combining Lucid's component with ELSA's PCI-Express end-point device and remote graphics offering, a fully scalable and flexible system can be achieved for the first time at affordable price points.

"Partnership with Lucid is very important for our customers who require high performance computing,” said Jun Nagai, ELSA’s President. “We can provide scalable performance and configurable solutions to break through the performance barrier.”

In February, CellGuide announced the availability of their RAMON GPS Module. The RAMON GPS module includes both active and passive components in a single fully integrated package, meeting the demanding design and cost requirements of device manufacturers.

The RAMON module contains CellGuide’s leading ACLYS chip, which together with its associated hostbased software, leads the market evolution from stand-alone GPS products to more highly integrated solutions. CellGuide’s proven GPS technology has been integrated by leading Tier 1 and Tier 2 mobile IC and device vendors to date.

By integrating the ACLYS chip and RF chain in a single, fully tested package, the RAMON offers mobile/consumer device manufacturers an unprecedented opportunity to lower BOM and design-in efforts, shortening time to market and enhancing manufacturing reliability.
Unlike other competing host-based solutions, RAMON delivers consistently high, uncompromising GPS performance in all modes of operation (autonomous and assisted-GPS).

In April Xeround received the 2009 Excellence Award for Best Operational Support System Transformation by Billing & OSS World magazine. The award was given for a Xeround’s work with T-Mobile.

Xeround’s Intelligent Data Grid (IDG) solution delivered a substantial improvement allowing T-Mobile to greatly personalize the customer experience. IDG also allows T-Mobile to deploy new features more quickly and maintain continuous operations across multiple geographies.

The Billing & OSS World awards recognize industry in the development and deployment of billing and OSS technologies and solutions.

"Xeround's achievements were judged by a panel of experts as being exemplary among its peers," said Mike Saxby, Billing & OSS World group publisher. "Billing & OSS World is pleased to acknowledge Xeround as an example of excellence in OSS Transformation for the telecommunications industry."

"We're thrilled that Xeround was selected for this award," said Robert Strickland, Senior Vice President and Chief Information Officer at T-Mobile USA. "T-Mobile has been recognized nationally for its world-class customer service. Our ability to deliver innovative technology solutions helps improve the customer experience."

IMScouting, which develops the world’s most comprehensive professional database of players for the global football (soccer) industry, recently announced a strategic partnership with games developer Eidos. IMScouting will provide data that will power Eidos’s popular Championship Manager fantasy football game.

Championship Manager will utilize IMScouting to enhance the depth and relevancy of its database. This will ensure a much higher level of updated detail on players across the world and add increased realism to the Championship Manager playing experience.

Roy Meredith, general manager of Championship Manager, said, “Championship Manager has always been synonymous with high quality, in depth player information and this partnership will further enhance our credibility in that area. This great partnership with IMScouting will ensure that players of our game will be using exactly the same database to scout their footballers as a host of top flight clubs do across Europe’s best leagues.”

“For every person who wants to be Manchester United manager, there are several who will play with a Turkish third division side – and they want to know the players they see are the players that really exist.”