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Technology

Seven Stars Cloud’s 2Q net falls on increased overhead

Joe Cooper |

Seven Stars Cloud, the New York fintech planning to bring hundreds of jobs to UConn's former West Hartford campus, posted more red ink during the second quarter despite a revenue surge.

CT primary to narrow crowded gubernatorial candidates field

Joe Cooper |

After months of political rousing, voters will be heard Tuesday at the ballot box as they select the final candidates vying to become Connecticut's 89th governor.

SSC lands another funding round

Joe Cooper |

Seven Stars Cloud Group Inc. (SSC), which is moving its technology and innovation headquarters to West Hartford's former UConn campus, announced Friday it raised $12 million from a Chinese investor.

Lydall bids $265M for Pa. firm

Gregory Seay |

Manchester manufacturer Lydall Inc. is buying a Pennsylvania maker of on- and off-road automotive seals, gaskets and sound-deadening materials for $265 million cash.

Kaman’s 2Q sales, net rise

Gregory Seay |

Bloomfield aeroparts and industrial-equipment maker-supplier Kaman Corp. posted higher first quarter sales and profits.

Prudential, U.K. insurer ink $1.4B pension “de-risking” contract

Matt Pilon |

Prudential's retirement division, which is headquartered in downtown Hartford, said it has signed a reinsurance deal under which it will assume nearly $1.4 billion in longevity risk for pension...

CI leads $5M funding round for AI healthcare startup

Joe Cooper |

An Israel-based artificial intelligence healthcare startup said it's raised $5 million in a funding round led by quasi-public Connecticut Innovations.

Following shooting, Mutualink deepens Fla. customer base

Matt Pilon |

Wallingford-based Mutualink said a Florida county school system has approved funding to use its school safety communications platform, designed to provide real-time coordination between law...

TransAct’s 2Q net, sales rise

Gregory Seay |

Hamden transaction-hardware vendor Transact Technologies Inc. posted higher second-quarter profits on increased sales of its point-of-sale retail and gaming systems.

Azitra wins $225K grant to study skin ailment

Matt Pilon |

Farmington's Azitra says it won a $225,000 federal research grant to funds its pursuit of a treatment for a severe and extremely rare skin disease.

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