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    • UpRamp seeks late-stage startups for its telecom accelerator

      LOUISVILLE — UpRamp, an organization that connects emerging tech startups and is backed by the nonprofit innovation lab CableLabs, is seeking companies to join its accelerator. The Fiterator is designed for later-stage companies — UpRamp is calling it “grad school for startups” — in the cable, broadband and wireless industry. The accelerator is a three-month program. The first half focuses on learning about the industry, matching with mentors and validating the company’s solution. Later, the focus is on testing, negotiating and closing deals. UpRamp went on to say that the Fiterator goes beyond just mentorship and networking to provide direct access to UpRamp’s partner organizations’ end users, experienced mentors and investors. “Our ultimate goal is to connect startups and emerging tech companies to this powerful eco-system, in order to foster innovation and help the smaller companies flourish,” Lisa Schwab, program director at UpRamp, said in a statement. “Based on the success we saw with Fiterator’s last cohort, we have no doubt the companies selected will go on to seriously impact this industry.” The first four Fiterator teams have 18 engagements with cable and broadband operators, the group said. The four to six startups selected will join the program in Louisville biweekly from August to November. One session will be held in New York City and another in Sunnyvale, Calif. To be considered, companies must have more than $1.5 million in financing or sustainable revenue and a working product or service in the telecom industry. Applications close May 5.  

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    • Elevations Credit Union breaks ground for second branch in Fort Collins

      FORT COLLINS — Boulder-based  Elevations Credit Union on Tuesday held a ground-breaking ceremony for a previously announced branch at 2025 S. College Ave. in Fort Collins, and also said it is acquiring property at 221 E. Mountain Ave. in Old Town to construct a multistory development, which will include a branch and community room. The branch on South College Avenue is expected to open in late 2017, and the branch on Mountain Avenue is expected to open in 2018. “These two new locations will enable us to better serve members in Larimer County and across Northern Colorado,” said Bryan Watkins, Elevations’ new Northern Colorado market president. Watkins — a director on the North Fort Collins Business Association and Foothills Rotary Club boards and Larimer County Small Business Development Center advisory board — recently joined Elevations from First National Bank, where he spent more than 15 years cultivating relationships with small businesses and other leaders throughout Northern Colorado. Watkins said Elevations will have a partner in developing the building at 221 E. Mountain, but declined to identify the partner. He said Elevations will occupy the first two floors of the four-story building. The site is the former home of the Mountain View Tire and Service Center. The Neenan Co., based in Fort Collins,  is the architect and general contractor for the branch on South College Avenue. The 4,900-square-foot, one-story building will include a drive-through lane that will be accessed off College Avenue and Arthur Drive on the south end of the site. The Neenan Co. will lead the redevelopment of the 5,000-square foot space on Mountain Avenue. Elevations Credit Union is a member-owned nonprofit financial institution with more than 120,000 members. It manages more than $1.8 billion in assets.  

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    • RLE Technologies acquires floor-solutions firm

      FORT COLLINS — RLE Technologies Inc., a Web-based monitoring and leak-detection company for mission-critical facilities, is acquiring Triad Floors, a manufacturer of data-center floor tiles and airflow solutions, from NxGen. Terms of the deal were not disclosed. The acquisition, approved April 10 by the boards of both companies, would make the Fort Collins-based RLE Technologies’ portfolio more diverse. In addition to providing environmental threat detection and Web-based monitoring, it will now have a variety of flooring solutions for data centers, including ways to most efficiently manage airflow and cooling. The transaction started, according to a statement from the companies, after RLE underwent a strategic planning process in 2016 and restructured its management team. The strategic planning identified revenue diversification as a primary goal for the company, hence the purchase of Triad Floors. Both firms are based in Colorado. “The combination of RLE Technologies and Triad Floors presents a significant opportunity to better protect data centers worldwide,” Jeremy Swanner, president of RLE Technologies, said in a prepared statement. “Triad Floors has built its reputation as data center cooling and airflow systems experts for more than 10 years. With this announcement, RLE Technologies is able to provide data center owners and operators with a more diverse set of solutions to help them maintain uptime in the future.” Under the agreement, Triad Floors’ employees will continue in their roles. Gary Meyer, founder and owner of NxGen and Triad Floors, will be involved in the transition, future growth and new product development. Tim Hirschenhofer, senior vice president of Triad Floors, will be responsible for business development and operations.  

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    • Colorado Business Bank

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Data provided by Boulder County Business Report

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