FolderWave, Inc., a Westford IT firm that provides cloud-based services to secondary and higher education clients, has received a financial boost from two Massachusetts Institute of Technology trustees.
FolderWave President Bob Burke declined to disclose the amounts, but said the funding, provided by James A. Champy and Susan E. Whitehead, both prominent business leaders as well as MIT trustees, is significant and will be used to beef up FolderWave's sales and marketing operations.
Sales professionals have a general positive outlook on their industry, according to a new Monster.com survey. The survey found than 42 percent of respondents felt confident they could find a new job if they needed one. Meanwhile, 58 percent surveyed said they would relocate for the right opportunity.
With its purchase by Tenet Healthcare Corp. pending, Vanguard Health Systems, the parent company of Saint Vincent Hospital and MetroWest Medical Center, reported a slight drop in net income for its recently completed fourth quarter, but a jump for the fiscal year.
Minuteman Health, the state's only member-governed health insurance plan, received its license to operate from the Massachusetts Division of Insurance (DOI) and had its premium rates approved so it can sell plans in 2014.
In an earnings report today, Framingham-based Staples Inc. attributed a 2-percent decrease in total company sales in its second quarter to the closure of 103 stores in North America and Europe over the last 12 months.
The nonprofit innovation center and incubator that was launched earlier this year to aid science and technology entrepreneurs has signed a multi-year lease for an office in the future Hopkinton Innovation Park.
Marlborough-based Sepaton has been awarded a patent for a method that allows its enterprise backup and recovery software to sort through data more quickly and find data matches more efficiently, the company announced.