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As CLE-based Acendex looks to fill senior tech positions, it trains entry-level staffers

Since 1988, Beachwood-based Acendex has been the go-to IT consulting company for businesses looking for information and communications systems. “We’re like the IT department for companies too small to afford the talent and too large to not have high-end support for their systems,” says Jonathan Husni, founder and president of Acendex.
 
The Acendex philosophy is to let their clients focus on what they do, while Husni and his team build the right voice and data networks to help them do those jobs.
 
With the local economy improving, business has picked up. To cover the increased business, Acendex is looking to add three or four senior network engineers to its 14-person team. But Husni is having trouble finding talented people to keep up with client demands.
 
“Just finding folks who have the skill set I’m looking for is very, very difficult,” he says. “The guys who have been with me who are successful have been with me 10 to 15 years.” Like many IT companies, Husni finds that applicants have the training, but they don’t have the hands-on experience. “A lot of people have the credentials, but they don’t have the experience to back it up,” he says.
 
So in the meantime, Husni came up with a solution. He hires entry-level people and puts them in the field with clients who want someone on-site 40 hours a week. They have the knowledge for basic support and at the same time have the backup of senior level staff if there’s a more advanced problem.
 
“They get the opportunity to get real world experience, but when they get stuck they can call our senior engineers.” Husni says. “It’s a sort of proving ground. It works for the client because they get 40 hours of help at a low cost. It works for me because they get the training they need.”
 
 
Source: Jonathan Husni
Writer: Karin Connelly

Bluebridge Networks announces $6m tech investment, plans to double staff

BlueBridge Networks isn’t trying to be the biggest cloud-based data storage and recovery company; the Cleveland-based company simply wants to be the best for its customers. To ensure that it is, BlueBridge recently announced a $6 million investment in technology to build the best network and facilities possible.

“We are controlling our own destiny,” explains managing director and partner Kevin Goodman. “We’re building our network to be cheaper, better and faster. Over time, the $6 million will be about time, talent and treasure.”
 
The three key players at BlueBridge -- Goodman, CFO Phillip Weihe, and director of operations Petar Bojovic -- sat down and made a plan for strategic growth that includes hardware and software improvements, updates to facilities and hiring the right people to make it all happen.
 
“The three of us strategically put together what we have to do to build it better,” says Goodman. “It’s a terrific time for us. Our focus has always been the next step. We always look at operational excellence, but we’re also always poised for growth.”
 
Pat Garcia, associate partner of technology at Rosetta, one of BlueBridge’s long-term customers, backs up Goodman’s mission to be the best provider to its customers. “We’ve really had a good experience with their response time,” Garcia says. “They are service oriented and all about customers and getting things done right.”
 
In addition to its Cleveland headquarters, Bluebridge has data centers in Mayfield Heights, Columbus and, more recently, Grand Rapids, Michigan. Goodman says the centers are all located on the line of the technology telecom track and centrally located. The bulk of the investment will be in the Cleveland headquarters, Goodman says, where the majority of the cloud platform is located. The new and improved platform is called bCloud2.0.
 
BlueBridge currently has 14 employees and 30 contractors. Goodman says they plan to bring on 15 additional people this year, and already are hiring people from all over the country.

 
Source: Kevin Goodman
Writer: Karin Connelly


Explorys lands Trinity Health, expects to up Cleveland staff by 20 percent

Last month Trinity Health, the fourth largest Catholic healthcare system in the country, hired Explorys to manage its healthcare data analytics in its hospitals, outpatient facilities and other facilities. Trinity will implement Explorys’ suite of cloud-based big data analytics solutions to manage the company’s clinical data.

The deal puts industry leader Explorys on top in the clinical data market. Explorys has been rapidly growing since its inception nearly four years ago, and continues to grow. “We’re excited about Trinity,” says Charlie Lougheed, Explorys president and chief strategy officer. “We’ve seen a lot of growth in the past year alone, as well as the last three and a half years. The whole healthcare industry is in the midst of this transformation and big data is in the middle of that.”
 
Explorys’ big data solutions allow hospitals to better manage their data and therefore improve patient care. Trinity is the latest addition to more than a dozen healthcare companies that use Explorys’ solutions. “Trinity recognized they needed to select a platform that is going to expand into the future rather than solve a problem right now,” explains Lougheed. “They were looking for a platform that would grow and develop within their network, and Explorys met that need for them.”
 
Explorys continues to grow in its Cleveland offices. The company has close to 100 employees right now and has new-employee orientations every other month. “We plan to continue to hire people over time,” says Lougheed. “By the end of the year I expect, conservatively, to be at 120 people.”

 
Source: Charlie Lougheed
Writer: Karin Connelly

Akron-based marketing firm keeps customers' digital info confidential

Life events, such as getting married, having a baby, buying a house or retiring, can impact the financial decisions individuals make. 
 
Akron-based Segmint offers software that confidentially analyzes and interprets consumer spending information. Using this information, financial institutions can build digital relationships with their clients, offering them specific products and services customized to meet their needs. These opportunities can lead to a competitive advantage.
 
“Instead of overwhelming customers with a constant stream of advertising messages, this enables financial institutions to satisfy consumer demand for personalized service and simplicity through highly-targeted offers exactly at the time their customers are ready to act,” explains Rob Heiser, Segmint President and CEO. “Financial institutions can optimize their marketing budget by delivering individualized online advertising campaigns to their customers quickly and efficiently.”
 
Segmint uses its patented marketing technologies to precisely target bank customers and assign Key Lifestyle Indicators ™ (KLIs) to them, he states. “These identifiers, coupled with our auto analytics platform, campaign management tool and ad delivery capabilities, enable financial institutions to effectively reach customers with timely and relevant offers on the bank’s website or online.”
 
What about maintaining customer confidentiality? “We respect the anonymity of personal information and rigorously adhere to privacy and security regulations,” Heiser notes. “All personally identifiable information remains secure with the financial institution through anonymous numeric codes assigned to each customer.”
 
Segmint’s current client base includes more than 60 credit unions, financial institutions and financial tech companies throughout the U.S.  Established in 2008, Segmint has 28 employees and has received Ohio Third Frontier funding.


Writer: Lynne Meyer

NEOSA Tech Week enjoys record attendance, showcases best of tech in CLE

NEOSA Tech Week brought 1,600 attendees to events around Cleveland last week, tripling its numbers since it first started three years ago. “It’s really inspiring to see the region recognizing the value and importance of the IT industry in Cleveland,” says NEOSA director Brad Nellis.

From the NASA International Space Apps Challenge, which had 34 local participants in a worldwide event of 9,000, to the much-anticipated Best of Tech Awards, to educational events and job fairs, Tech Week highlighted both the emerging technology companies and the more established and growing businesses in the region.
 
“We saw a lot of new companies we hadn’t seen before and that was kind of cool,” says Nellis. In particular he cites iOTOS as a standout winner in the new Best of Tech category Most Promising Startup. “These guys showed a high degree of promise. iOTOS holds the opportunity to be something big coming out of Northeast Ohio.”
 
UrbanCode, which announced Monday that it has been acquired by IBM, won Best Software Product. “UrbanCode really stands out in the market,” says Nellis. “It was cool that we give them an award on Thursday, and on Monday they announce they’ve been acquired. We’ve been following them for a couple of years and they’re a company that’s growing like wildfire. They’ll probably double in size again this year.”
 
Hyland Software won Tech Company of the Year, Vox Mobile won Best IT Services Company, and DecisionDesk won Best Emerging Company. Nellis points out that all of the finalists are impressive companies as well, having emerged out of 60 nominations in five categories. Six CIO of the Year were named in various categories by Crain’s Cleveland Business.
 

Source: Brad Nellis
Writer: Karin Connelly

Expedient and Fast Switch bring tech networking event to northeast ohio

Expedient and Fast Switch are bringing their Tech Strategy event to Northeast Ohio. Started in 2007 in Columbus by Fast Switch, the Tech Strategy events are relaxed invitation-only networking events between senior level IT executives and promising technology startup companies.

Expedient got on board as a co-sponsor soon after the group’s inception, and now the two companies brought the concept to 70 attendees at  Lockkeepers in Independence on Tuesday, Feb. 26 for its inaugural Tech Strategy NEO. “I think it’s a great, unique concept for this area,” says Michael DeAloia, Expedient’s regional vice president. “It’s invitation-only to senior IT executives so they can meet with their peers while at the same time meeting with a select group of startups.”
 
The goal is to help the startups generate local customers, find advisory board candidates, access capital, gather employee referrals and receive business plan and strategy critiques. While the structure is casual, startup founders are given a short time to give their elevator pitches to the executives.

Eight startups pitched their companies, including Widdle, DragonID and J-Lynn Entertainment. Additionally, Fast Switch New Ventures and North Coast Angel Fund pitched to the group. “When was the last time a venture group pitched a room full of entrepreneurs,” asked DeAloia.
 
“It was a fascinating mix of people, creeds and generations in the room and I am always jazzed to be in the company of entrepreneurs and the energy and enthusiasm they possess,” says DeAloia. “I dig hanging out with the experienced executive and enjoy the opportunity to explore their experiences.”

No selling is a firm rule at these meetings, which will occur every two months, although DeAloia admits that occasionally the meetings have led to client relationships. The objective is to provide a casual yet controlled forum for executives to learn about technology start-ups in the region and explore ways to help them succeed. 
 
For information about future Tech Strategy events, contact DeAloia.
 
Source: Michael DeAloia
Writer: Karin Connelly


 
 

Collaboration aims to 'Grow the IT economy in Cincinnati, USA'

Major regional job-creating organizations have come together to focus efforts on competing for one of the nation's fastest-growing job segments: information technology.

This collaboration includes the Cincinnati CIO Roundtable, a forum of IT leaders who are focused on improving the region’s overall IT ecosystem, along with the Cincinnati USA Partnership and the Partners for a Competitive Workforce.

The CIO Roundtable is led by co-chairs Piyush Singh, SVP & CIO of Great American Insurance, and Geoff Smith, former IT leader at P&G.

"Business leaders in the region are coming together with the common goal of talking about the importance of IT, and its role in the growth of their companies," says Tammy Riddle, IT economic development director for Cincinnati USA Partnership.

Just last week, the organizations came together for a half-day, invitation-only event —“Grow the IT economy in Cincinnati USA.” The event featured presentations from a variety of stakeholders, including the organizers, JobsOhio and CincyTech.

The group is working to meet a wide range of challenges, including creating high-paying jobs through public and private partnerships, creating a strategic plan to grow IT jobs in the region, attracting and training talent, and determining the role of startups.

"One of the key things we're going to focus on are trends that companies are seeing across the board, and how we can match those with Cincinnati strengths and build the street cred of the IT sector in Cincinnati," Riddle says.

Regional universities also play a role in talent creation. Northern Kentucky University's College of Informatics is a leader, as is the University of Cincinnati with its top-rated analytics graduate program, and the University of Miami's innovative digital media program.

Cincinnati has an emerging IT industry. There are about 30,000 Cincinnati residents who are employed in the IT sector, which has an estimated $2.5 billion impact on the country’s GDP. According to the 2020 jobs outlook, it’s also one of the four fastest-growing and best-paying employment sectors in Cincinnati, with an anticipated 10-year growth rate of 26.5 percent.

"We want to take a more proactive approach to growing jobs in this sector," Riddle says. "We want to make sure that our region has what we need to fill that demand, to be able to accomplish growth."

Next, participants will start working on what it takes to grow the IT sector, including conducting a comprehensive assessment of the current IT economy and developing strategies for talent attraction, greater awareness investment and startup activity.

By Feoshia H. Davis
Follow Feoshia on Twitter


This story was originally published in Soapbox, hiVelocity's sister publication in Cincinnati.

Point-man approach to info tech serves booming Lazorpoint well

When Dave Lazor founded Lazorpoint nearly 16 years ago, he had a vision of building a full-service IT firm that would allow clients to focus on what they do best and not worry about whether their information services capabilities were the right match.

“We think, build and run informational systems that instill confidence,” explains Lazor. “Entrepreneurs or mid-market CEOs are focused on running their businesses and servicing their customers. They know they need information services, but they don’t know anything about it. They need a point man.”
 
And a point man is exactly what Lazorpoint provides. Each client is assigned a point man, who makes sure every need is met. “They have a vision: the point man can provide the leadership,” says Lazor. “When there are problems, or opportunities, we provide the leadership to make things happen.”
 
Lazor makes sure all of his 22 employees are dedicated to their clients’ needs. “The people we hire are very passionate about serving our clients,” he says. “We are relentless in whatever mission we’re on. We go beyond just the technology. We look at the people process.”
 
An example of the point man philosophy at work is demonstrated in an instance where a client had a warehouse fire.

“The client called his point man at 11 p.m. on a Saturday night and asked if we could help,” recalls Lazor. “At 8 a.m. Sunday we were on site. They were back in business Monday morning, with emails getting through. No one knew they had this problem.”
 
The point man approach has proved successful for Lazorpoint. The company has been named to the Weatherhead 100 as one of the fastest growing companies in Northeast Ohio eight times. Lazorpoint hired two additional people last year, and recently brought in a co-op student for a second year. The company currently has one open position, plans on hiring two interns this summer and creating another full-time position later this year.

Originally published in Fresh Water Cleveland, our sister publication in Northeast Ohio.
 
Source: Dave Lazor
Writer: Karin Connelly

viable synergy joins health data consortium to harness, unleash massive healthcare data

Cincinnati-based startup ViableSynergy, a health IT commercialization firm, recently joined a new federal initiative aimed at liberating massive amounts of government-stored healthcare data to create new products and services designed to improve healthcare delivery.

The newly-formed Health Data Consortium, spearheaded by the U.S. Department of Health and Human Services, is an effort to get data housed in various government programs like Medicaid or the Department of Veteran's Affairs into the hands of health innovators. The data, scrubbed of personally identifying information, could be used to create more effective healthcare services and help providers make better care decisions.

"In Medicaid services, you can look at claims data like the distribution of race and the types of claims," explains Sunnie Southern, founder and CEO of ViableSynergy. "You could look at that information across a map and visualize it.

"You could see if more African-Americans have heart attacks in a certain area, or more Caucasians have back surgeries, and make a decision based on that. If there is a high concentration of Asians who have heart attacks in an area, maybe you could put a clinic in that place. You could help reduce health disparities."

As an affiliate of the Health Data Consortium, ViableSynergy will work to communicate the needs of the region to the consortium.

"What does the community need, in the broad sense? What tools and resources do we in the real-world need -- NKU, business incubators or UC -- to liberate these massive data sets that are released? We'll be working as a conduit to answer those questions," Southern says.

Other members of the Consortium include California Health Care Foundation, Consumer Reports, Mayo Clinic Center for Innovation, Robert Wood Johnson Foundation and Gallup/Healthways.

"(Health and Human Service CTO) Todd Parks, whose brainchild was the open government initiative, really wants to use health data to spur innovation and entrepreneurship," Southern says.

By Feoshia Henderson
Follow Feoshia on Twitter

neosa survey shows steady growth in technology jobs in northeast ohio

NEOSA recently completed its quarterly survey of Northeast Ohio’s tech sector, which measures how tech businesses are succeeding and their hiring trends and expectations, and the results are strong.
 
“What we’re seeing right now is not overly aggressive growth, but steady growth,” says NEOSA director Brad Nellis. “What I see are generally positive trends. When we compare results from previous surveys, we’re moving in the right direction. We’re really going on measured expansion going on two years.”
 
The survey showed that 67 percent of respondents said first quarter business was either good or very good; 87 percent expect their overall business to improve within the next year; and 73 percent plan to increase their staff.
 
Eighty-two percent of the companies surveyed reported they are currently hiring, which Nellis says is an all-time high in the seven years NEOSA has conducted the survey. The downside is companies are still struggling to find the right talent.
 
“I’m worried about the lack of talent," says Nellis. "The problem is we don’t have a pipeline in the colleges – they’re not graduating enough IT students.”
 
While the lack of IT talent graduating from college is a national problem, Nellis said Cleveland's reputation is improving. “The challenge is it can be difficult to get people to move here from outside the region,” says Nellis. “But Business Week listed Cleveland as one of the hottest tech jobs markets in the country.”
 
And area organizations are working diligently to attract the talent to Cleveland. For instance, Global Cleveland is planning an online career fair for tech jobs.
 
Source: Brad Nellis
Writer: Karin Connelly
 
 

ohio supercomputer center's new system souped up and ready to go

There's a reason why Ohio Supercomputer Center's new $4.1 million,  HP Intel Xeon, processor based system has been dubbed the Oakley Cluster. Like the legendary Ohio-born sharpshooter and social advocate Annie Oakley, it's fast as hell, doesn't miss a shot and is improving the lives of Ohioans.

Just ask Ashok Krishnamurthy, Executive Director of the OSC, a facility that is funded by the Ohio Board of Regents and has been in existence since 1987. "We have more than 2,000 academic users across the state, and they're discovering new materials and developing advanced energy applications," he says. "To be competitive, we must provide the highest performance system, and this represents a new level of capability."

OSC's new supercomputer can achieve 88 teraflops, which is tech speak for 88 trillion calculations per second. Yes, in case you're wondering, that's lightning fast.

OSC's new system will help to achieve its mission of assisting academic and business users. Large companies such as Proctor and Gamble and Rolls Royce use OSC as a "second level system when they have needs beyond what their systems can support," says Krishnamurthy. OSC helps small and midsize companies develop and test prototypes virtually rather than investing in actual models, while academics use the system to complete their cutting-edge research.

"We give them access to software and expertise," says Krishnamurthy. "Once they understand the value of what this can do, it changes how they do business."

As one example, Krishnamurthy cites an Ohio company that is developing an LED projector small enough to fit inside a phone. How do they convince various manufacturers that their device can handle the projector's heat without testing every single one? That's where OSC's computer modeling comes in.

"You can simulate how the heat is dissipated," he says. "It's an easy, low-cost way to show potential customers how your design can be incorporated into their products."

OSC has also helped to develop courses for students at community colleges and four-year colleges and universities, as well as professionals who are seeking continuing education. "OSC is in a fairly unique position," says Krishnamurthy. "It is the most consistently state-funded center of its kind in the country."


Source: Ashok Krishnamurthy
Writer: Lee Chilcote

platform lab launches program to assist clients with cloud backup solutions

Platform Lab, a nonprofit information technology test and training facility in Columbus, had some big news to share last month. It appointed Silicon Valley veteran Ron Landthorn as Director and launched its new Data Center Solution Partner Program.

Landthorn has recently returned home to his native Columbus following a career in Silicon Valley working in international sales and business development for IT firms. He is a graduate of the Ohio State University with a degree in electrical engineering and has worked in engineering and management for businesses such as Procter & Gamble and AccuRay.

“My wife and I grew up here and it was always our intention to come back,” he says.  “I’m enthused about what’s happening in Ohio with technology development.”

Landthorn created the new program to help Platform Lab’s 200-plus clients gain better access to cloud backup solutions. The recently launched program is an important new collaboration with the Lab’s community of data protection suppliers that will help to protect data used and stored on the Internet.

“We’ve put together goals that can help us grow our respective business,” he says.

Platform Lab is the nation’s only state-funded IT test & training facility. It offers affordable access to IT infrastructure for testing, cloud computing, development and projects. “We give your company a competitive advantage by offering flexible, scalable services,” Platform Lab's website states. “Utilize Platform Lab solutions instead of investing in short-term hardware and software solutions that are difficult to manage and time-consuming.”

Columbus-based Veeam Software was selected as the program's first partner. Veeam has developed a large worldwide clientele and is considered one of the fastest growing and most innovative data protection suppliers in the world.

The Lab's Partner Program offers a win-win for business clients: first, it helps them to protect data, avoid costly mistakes and foster maximum productivity; second, it helps them to test such IT solutions to ensure they work optimally. 

Platform Lab is located within TechColumbus, a public-private partnership whose mission is to accelerate the development of Central Ohio’s innovation economy.


Source: Ron Landthorn
Writer: Val Prevish

cincy haus, startup bus ready to rock SXSW with ideas

If you are one of dozens of Greater Cincinnati and Northern Kentucky residents heading to the Interactive portion of the huge South by Southwest festival in Austin next month, you’ll find a little bit of home when you get there.
 
Venture development group CincyTech has secured a #SxCincy Haus -- space in downtown Austin for members of the Cincinnati community to recharge themselves and their devices during the interactive portion of SxSW this year.
 
Four local digital pros will speak on panels. Krista Neher of Boot Camp Digital, Jeff Busdieker of Possible Worldwide, Marty Boyer of Possible Worldwide and Glenn Platt, professor of Interactive Studies at Miami University.
 
In addition, CincyTech, the Cincinnati USA Regional Chamber and the Greater Cincinnati Venture Association, in partnership with U.S. Bank in Cincinnati, is helping to sponsor a Startup Bus. Twenty-five to 30 software developers, Web designers and business development folks will ride the bus and work on startup company ideas, which they will pitch to judges in Austin. Find out more and register here: startupbus.com.

Cincinnati is one of only 12 cities across the country hosting the national Startup Bus program.
 
In Austin each day of Interactive, CincyTech will host a #SxCincy Chat featuring a different digital expert from Cincinnati beginning at 4 pm at the #SxCincy Haus. The chats will take place after panels end and before parties begin each day and give SxSW attendees a chance to unwind while networking with other Cincinnati professionals.
 
#SxCincy Haus will be open from 8 am until 8 pm from Friday, March 9, through Monday, March 12. Participants can hang out, get work done, snack and rest up.
 
Additionally, CincyTech will host a #SxCincy Haus Party from 8-11 pm, Saturday, March 10, featuring Cincinnati beer and chili, music from Cincinnati bands and the opportunity to mingle with Cincy’s consumer, brand and marketing experts.
 
On the morning of March 11, founder and CEO of Cincinnati startup Venturepax will lead a kayak and standup paddle board outing on Austin’s Lady Bird Lake. Anyone interested in getting some fresh air should meet at the #SxCincy Haus at 10 am Sunday, March 11.
 
“We’re promoting Cincinnati as a city that understands the future of consumer interactive,” says Carolyn Pione Micheli, communications director for CincyTech. "We have a large number of innovative thinkers at huge corporations, digital agencies and startup companies. SxSW is a great audience with whom to share our story.”


Source: Carolyn Pione Micheli
Writer: Sarah Blazak


New deal with Texas Instruments leads Linestream to 'double in size by next year'

LineStream Technologies is growing by leaps and bounds in the automated software control market. The company was created in 2008 as a spinoff out of research done by Cleveland State University's Zhiqiang Gao, director of the Center for Advanced Control Technologies and focuses on commercializing and simplifying control software.
 
Basically, LineStream products increase efficiency, are easy to implement, and therefore improve the performance of automated systems.
 
"Any product using a motor, we look to improve energy efficiency and life of that motor," explains David Neundorfer, LineStream president. "We simplify the design process and lop off weeks of [development]."
 
The company is getting attention from some of the major players in the automation industry. They just licensed their software to Texas Instruments. "We're going to be putting software in a chip platform in motor and motion controls," explains Neundorfer.
 
The deal adds to the company's rapid growth. "It's very exciting and a large deal for us," says Neundorfer. "Some of the larger companies in the industrial space are interested in our technology."
 
LineStream has grown to five employees this year, expects to be at eight to 10 by the end of the year, and double in size again next year. "We're hiring and ramping up to establish a relationship with Texas Instruments."

Source: David Neundorfer
Writer: Karin Connelly

This story originally appeared in sister publication Fresh Water Cleveland.

Receept conserves paper, gains data

In a world were banks charge you to receive paper statements and stores ask for your email to send you a receipt, a programmer from Columbus decided to change the way receipts are used.

After a few months of sitting at the Brandery with two monitors and bottle of single malt scotch at his desk, Kevin Pfefferfle created Receept, a website geared toward both customers and merchants.

The idea is to give customers a place to store receipts easily with simple export tools so that you can print them you need for expense reports or taxes. While other similar services exist, many of them charge fees. Pfefferfle wouldn't pay for that service as a consumer, so Receept will be free for consumers.

Merchants that have partnerships with Receept will be able to send a receipt directly to a user-created Receept account. If a customer doesn't have an account created, an email will be sent with information to sign up. For merchants that don't have a partnership with Receept, customers will be able to snap a photo of a receipt or forward an email receipt to their account, which will then be stored and organized. You will also be able to share receipts with specific people. You can categorize and share all personal purchases with a spouse, or all business purchases with your boss with a simple click.

To keep the service free for cutomers, Pfefferfle is working with merchants to give them consumer data. While specific data on what and how much a customer buys will not be shared, visiting habits and numbers will be. It will give merchants true data. In other words, when a customer fills out a survey or answers questions, vendors get an idea of spending habits, but Receept will be able to give merchants exact habits.

"We could tell Kroger, 'People who shop at your store once a month also tend to shop at these other types of places,' " Pfefferfle says. "We can say that in a general sense and not violate anyone's privacy."

Receept is also working with the computer science department at Ohio State University to eventually be able to scan receipts for character recognition and create pie charts and graphs to see how and where you spend your money.

The next step for Pfefferfle is to partner with merchants, which he may be able to do at the iMedia Breakthrough Summit in Las Vegas this week. Receept is one of nine finalists at the summit that is recognized as a innovative conference for what's next in the digital marketplace. Pfefferfle has confirmed meetings with representatives from Coca-Cola and American Express, among others.

Source: Kevin Pfefferfle, Receept
Writer: Evan Wallis

This story originally appeared in sister publication Soapbox.
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