TransCore wins $85M Florida contract

The Central Florida Expressway Authority has awarded an $85 million contract to revamp its toll collection system to Nashville-based TransCore. The contract calls for the upgrading of more than 300 toll lanes TransCore installed a decade and a half ago and is scheduled to be completed by 2018.

“More than 200 of our employees live and work in Central Florida, so we understand and appreciate the benefits this project will bring to the region. We fully support the Central Florida Expressway Authority’s goals to provide a system that can easily adapt to the growing needs of one of the country’s most popular destinations,” said Jim Wilson, senior vice president and project principal.

TransCore is owned by Florida-based holding company Roper Technologies (Ticker: ROP), which has a market value of $17.54 billion. It is part of Roper's RF Technology segment, which last year posted an operating profit of $271 million on revenues of $950 million.

Oct 13, 2015 2:28 PM

Smartvue partners with Samsung

Samsung Techwin America has announced a partnership with Nashville-based cloud provider Smartvue Corp.

Financial terms of the deal were not disclosed in a release.

Samsung’s WiseNet III cameras will now be part of the Smartvue Cloud Package. With the partnership, Samsung customers — rather than incurring costs for equipment, maintenance, utilities and other expenses — can opt to pay a monthly fee to lease off-site cloud storage space. Smartvue’s Microsoft Certified Cloud Server ensures that video data is stored securely to protect against cyberattacks. Video stored on Smartvue’s cloud can be accessed and viewed from anywhere and at any time.

“End users are increasingly demanding off-site storage for a variety of reasons, including cost-effectiveness, security and reliability,” Tom Cook, Samsung Techwin America vice president of sales, said in the release. “Our new partnership with Smartvue provides these benefits and more to deliver ultimate flexibility for customers to choose the features and services they need from their video storage solution. Samsung is bringing new imaging solutions to the industry, and we’re continually expanding the breadth and scope of our video surveillance offering to incorporate advanced features like cloud services with innovative partners like Smartvue.”

Samsung is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul.

Oct 8, 2015 7:05 AM

Two Project Music grads in this year's The TENN class

Group of eight will enter master accelerator later this month
Oct 6, 2015 1:06 PM

LeanKit acquires Firefly Logic

Software company grows to 100 people, looks to scale product development
Sep 30, 2015 1:29 PM

Patent Patrol: 30 September 2015

In this week's batch of IP awarded to Tennessee residents and companies: a merchant-funded rebate program, a submerged combustion smelter, and more...
Sep 30, 2015 12:53 PM

WPC leaders buy company from parent

Health care analytics company also brings on president
Sep 29, 2015 2:51 PM

Investor group recaps ANS

Vaco connection to set stage for national expansion
Sep 23, 2015 12:50 PM

A new way to construct

Technology allows for innovative to 'build green'
Sep 20, 2015 11:40 AM
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Google Fiber adds satellite cities

Google Fiber officials said this week that they have added a number of Nashville's satellite cities to their buildout plans. The satellite cities were not initially part of the tech giant's plans to put enough fiber in Middle Tennessee ground "to go from here to Canada and back." Google wasn't all that interested in dealing with more than one Davidson County government entity but has since then run feasibility studies to satisfy its questions.

Sep 17, 2015 12:07 PM

Valley investor takes majority stake in Cybera

New CEO is former C-level exec at NTT division
Sep 16, 2015 3:05 PM