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Sands Capital, Accolade Partners and more funds are raising money. Here's what's driving it.

Sands Capital, Accolade Partners and more funds are raising money. Here's what's driving it.
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'A long haul' from bootstrapping to $45M in funding: The saga of Durham's no-code ProcessMaker

DURHAM – Success did not come overnight for Durham-based ProcessMaker, which just raised $45 million from Aldrich Capital Partners in its first outside investment for its open source automated workflow product.
“It was a long haul,” said CEO Brian Reale in an interview with WRAL TechWire. “We took a lot of different paths. Most people don’t do that.”
The funding is big news in the emerging field of no-code/low-code that ProcessMaker has helped pioneer.
“The promise of no-code platforms is that they’ll make software development just as easy as using Word or PowerPoint so that the average business user can move projects forward without the extra cost (in money and time) of an engineering team,” notes VentureBeat. ....

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Durham-based ProcessMaker raises $45 million in Series A Funding

February 12, 2021 @ 11:01 am By JD Alois
Durham-based ProcessMaker is announcing today that it has closed $45 million in Series A funding from Aldrich Capital Partners. The financing marks the first outside investment for the previously bootstrapped Durham-based technology company.
ProcessMaker is a leading no-code/low-code open source process automation platform founded during the dotcom boom and bust of 2000 by Bobby Vernon and Brian Reale. The two entrepreneurs failed early and quite often during their initial years, but in 2008 the team launched what is now known around the world as ProcessMaker – one of the first open source workflow software solutions in the industry at the time. ....

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eHealth Technologies to create 160 new jobs in Scott County

A medical record retrieval and image solutions provider is making a major investment in Scott County.
Virginia Gov. Ralph Northam on Thursday announced that eHealth Technologies, Inc. will invest $375,000 to establish a new customer support center in the county.
The initiative, called Project Navigator by InvestSWVA, will create 160 jobs.
âThe growth of telehealth during the pandemic has created an increased demand for companies like eHealth Technologies that provide innovative solutions to streamline health information and enhance patient care,â Northam said. âSouthwest Virginia is proactively working with its higher education partners to equip the workforce with 21st-century skills, and this announcement is a reflection of that progress. We thank eHealth Technologies for creating 160 new jobs in Scott County, and stand ready to support their success as they work to deliver much-needed services to hospital systems and healthcare organizations across the ....

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eHealth Technologies Announces Expansion in Virginia

eHealth Technologies Announces Expansion in Virginia
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ROCHESTER, N.Y., Dec. 10, 2020 /PRNewswire/ eHealth Technologies, the leading provider of medical record/image retrieval and clinical intelligence services, is excited to announce it will open a site in the State of Virginia in 2021. With this expansion, eHealth Technologies will hire 160 new employees over five years, diversifying its operations and strengthening customer support through replication of its network and redundancy of systems.
Working with the Virginia Economic Development Partnership (VEDP), eHealth Technologies is securing a move-in ready facility in Scott County. Located in Southwestern Virginia s e-Region, the area boasts state-of-the-art broadband infrastructure, an outstanding labor force, and a low-cost business environment. ....

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