DATANOMIX SECURES $12M IN NEW GROWTH CAPITAL
Datanomix, a growing Nashua-based data analytics company, has raised $12 million in growth funding.
The funding round was led by MK Capital and Joint Effects, with investment participation from Hub Angels, multiple Datanomix customers, and previous investors Gutbrain Ventures, PBJ Capital and CEAS Investments, according to a news release. Mark Koulogeorge of MK Capital will be joining the Datanomix board of directors.
Founded in 2017 and led by CEO John Joseph and chief technology officer Greg McHale, Datanomix’s software helps manufacturers use data to maximize production.
HARVARD PILGRIM PATIENT DATA STOLEN IN RANSOMWARE ATTACK
The parent company of Harvard Pilgrim Health Care, one of New Hampshire’s largest health insurers, is now warning customers that patient data was compromised in a recent ransomware attack.
Point 32 Health said such data as Social Security numbers and medical histories were potentially stolen. The company said it’s not aware of the data being misused, but it notified affected customers.
The ransomware attack, which was revealed in April, is still affecting customers. The Harvard Pilgrim website still can’t process claims or requests for prior authorization, and in some cases, customers have struggled to access basic cost-sharing information.
TRAMMELL CROW BREAKS GROUND ON MERRIMACK INDUSTRIAL BUILDING
An official groundbreaking ceremony was held May 18 on a new 323,750-square-foot Class A industrial building in Merrimack, with expectations that it will be completed by the end of the year.
The building, at 50 Robert Milligan Parkway, is being developed by the Boston office of commercial real estate giant Trammell Crow Company and joint venture partner Diamond Realty Investments.
“50 Robert Milligan Parkway will deliver much-needed quality industrial and logistics space to the supply-constrained, greater Boston industrial market,” said Sam Schaefer, principal and market leader for Trammell Crow in Boston.
He cited the site’s proximity to the Ayer Intermodal freight system, about 25 miles away, as well as the cargo hub at the Manchester-Boston Regional Airport, about five miles away.
NHEC OKS CAPITAL CREDIT PAYMENTS TO MEMBERS
The NH Electric Cooperative board of directors has approved the return of over $2 million in capital credit payments to members and former members.
The 2023 capital credit retirement will result in the payment of all remaining capital credits from 1984, all of 1985 and part of 1986. Approximately 10,000 current members who had service with NHEC during that time will receive a credit on their July 2023 bills. Former members who no longer receive service from NHEC will receive checks.
This is the third consecutive year NHEC will be returning capital credits to its current and former members.
As a nonprofit electric cooperative, when NHEC takes in more revenue than it spends in a given year, it builds equity. Unlike investor-owned utilities, however, nonprofit cooperatives return this equity back to the member owners.
MASCOMA COMMUNITY DEVELOPMENT BOOSTS OHIO MANUFACTURING PROJECT
Mascoma Community Development, a wholly owned subsidiary of Lebanon-based Mascoma Bank, has closed on $15 million in a New Markets Tax Credit (NMTC) allocation to finance the purchase and installation of equipment and machinery for an 80,000-square-foot industrial manufacturing facility in Defiance, Ohio.
Mascoma said the funding will allow APackaging Group Ohio LLC — a manufacturer of plastic dispensers and pumps used in the consumer health and beauty industries — to establish a domestic packaging manufacturing facility for its newest product.
“It is exciting to support a project that returns manufacturing to the U.S., especially in an industry that requires a higher number of employees to operate. This aligns perfectly with MCD’s mission of creating high-quality, sustainable jobs in distressed communities,” says Michelle LeClair, chief investment officer of MCD.
