Word: expander
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Dates: during 1990-1999
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Gittins spotted Anubis Solutions, an Alameda company that helps businesses manage and interpret electronic data on their customers. It had tripled revenues in each year of its 3 1/2 years of existence. "But there were some huge opportunities" to expand even more rapidly, says co-founder Adeeb Shana'a, "and if we didn't move fast enough, we would lose the potential." Shana'a and co-founder Amit Desai had been determined to shun outside investment, but now they were ready to consider it, and they put out feelers to a venture-capital firm. The financiers offered an introduction...
Another difference: giant mergers often aim at reducing costs by consolidating operations, and this almost invariably involves large layoffs. But the non-titans usually want to expand where they overlap. As with Personify and Anubis, "a lot of times a company will buy another company just because it means acquiring good employees," says Jason McCabe Calcanis, editor and CEO of the Silicon Alley Reporter, a magazine that tracks digital media...
...Thomas in Minnesota. He counsels would-be acquirers to be prepared for an increase in expenditures beyond the price of the acquisition. Says Zimmerman: "You'll want to improve the [acquired] company because it's now your property. So you'll probably want to buy more equipment or expand distribution or develop a new product. These are all expensive things...
...TIME senior writer Richard Lacayo. "Different cities will try different combinations of fixes," Lacayo says. "Some communities, like Portland, have created 'greenbelts' that surround the city and contain new development. Other cities are pushing for light rail systems." Not surprisingly, proponents of development want to build new roads and expand those that exist; alternative transportation advocates and environmentalists argue that new roads simply attract new cars, leading to more overcrowding. These folks want to see new forms of transport in our cities: more monorails and subways, and, of course, fewer automobiles. "The real challenge here is getting people...
...work-abroad opportunities expand at Harvard, they seem unlikely to come from within the Weissman program. Paul Weissman says he will soon have completely endowed the program according to its original specifications. After that, he says it is up to the Harvard endowment to increase the fund...