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Raleigh Triangle Local and Business News

  • Red Hat acquires French concern for $95M

    On the eve of its first quarter earnings call, Raleigh open source giant Red Hat (NYSE: RHT) discloses it’s acquiring French cloud firm eNovance.

    eNovance has 110 employees and specializes in OpenStack, particularly Ceph, now a Red Hat technology via the $175 million InkTank deal.

    Its customers include Alcatel Lucent and Cisco (Nasdaq: CSCO). The plan, according to a statement from Red Hat, is to integrate eNovance’s products with Red Hat technology.

    Red Hat and eNovance have partnered before,…

  • ​Yoga in the workplace may be a twisted ideal

    Mid-morning meditation and stretching sounds like the supreme stress-reliever — but all the recent hype about bringing yoga to the corporate environment overshadows the challenges of such a venture.

    Take, for example, N.C. Mobile Yoga Instructor Teresa Ferlotti, who teaches in the Triangle and found that garnering employee enthusiasm toward yoga has been somewhat of a downward-facing dog. In many office spaces there are space constraints such as conference rooms that limit the amount of people…

  • Downtown Raleigh to get a coffee and beer bar

    Two Raleigh businessmen want you to start your morning with a coffee and end the day with a beer at their new coffee and beer bar, Brew.

    In a 1,150-square-foot space beside Peace College on Seaboard Ave., A.J. Viola and Mike Sholar expects to open the bar by August. “The idea was, we want to highlight what’s already great about this year,” says Viola. “We’re featuring multiple local roasters and craft brewers.”

    Brew will have coffee from Raleigh Coffee Company throughout the year but…

  • RTP loses German research center to St. Louis

    Competition for agriculture research jobs heats up after it was announced Monday that German seed company KWS has chosen St. Louis over Research Triangle Park for its new North American research base.

    KWS Saat AG is planning to open its first North American research center near the Donald Danforth Plant Science Center campus in Missouri before the end of the year. It will initially create 75 jobs.

    But according to reports from St. Louis, the company’s second-choice location was Research Triangle…

  • Raleigh's Dara Bio shuffles up C-suite

    One day following news that sent it’s share price up nearly 15 percent, Dara BioSciences shuffled up the executive suites by hiring a new CEO and bumping the former CEO to executive chairman.

    The new chief executive, Christopher G. Clement, 59, was the former chief operating officer and he takes over the new position immediately. The former CEO, Dr. David Drutz, 76, also worked as the chief medical officer and will keep that title in addition to his new role as executive chairman.

    On Monday,…