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Jason Mosley

SKill-Life LogoLocal startup Skill-Life has just been acquired by BancVue. I first saw this story on the blog TechBurger. The full press release is posted below for your enjoyment.

Skill-Life has developed just the sort of Web-based applications that can teach children the fundamentals of managing their money

  • Austin, TX—February 9, 2010—BancVue (www.BancVue.com), a consumer research-driven product development and marketing company for community banks and credit unions around the country, today announced it has acquired Skill-Life, Inc., a provider of interactive, game-based resources focused on developing financial literacy.

    Skill-Life’s youth-oriented platform adds to BancVue’s innovative lineup of solutions designed to help community financial institutions win the war against megabanks.

    “An important mission of any community financial institution is providing financial education for its customers,” said Gabe Krajicek, Chief Executive Officer of BancVue, “and Skill-Life has developed just the sort of Web-based applications that can teach children the fundamentals of managing their money. The combination is a compelling value proposition for our community bank and credit union partners and their account holders.”

    MoneyIsland™, Skill-Life’s flagship product (formerly called CentsCity), is essentially an online world where ‘tweens’—children in the so-called middle years between 8 and 12—learn financial skills and earn rewards from their financial institution. Parents are able to follow their childrens’ progress through a dynamic administrative interface. The firm expects to develop additional products applying Skill-Life’s platform, which incorporates casual games, interactive videos and quizzes, administrative tools for adults, and a customizable rewards system.

    “With 81% of ‘tweens’ playing online games, and 87% of adults interested in teaching their children financial responsibility, we’re at the nexus of an emerging opportunity,” said Felix Brandon Lloyd, President of Skill-Life. “Through the extensive network of branches of BancVue’s clients, hundreds of thousands, eventually millions, of children around the country will gain access to much-needed financial education.”

    The Skill-Life transaction is BancVue’s first corporate acquisition. The Texas-based firm has recently announced a number of strategic partnerships, including Allied Solutions and Myers & Associates. BancVue and its marketing partner FIRST ROI provide REALChecking®, a system of innovative products, superior marketing, and data-driven consulting, INMO™, the online account opening system with the highest funding rate, and FIRSTBranch®, a dynamic online marketing system designed exclusively for community financial institutions.

    “In Skill-Life, we’re recognizing that industry leaders like Mr. Lloyd and his company can benefit from our network of clients,” says Krajicek. “At the same time, we gain from their creativity and enhance our own ability to serve BancVue’s partners.”

    BancVue was recognized last year as the second fastest growing financial services firm in Inc. Magazine’s 28th Annual List of America’s Fastest-Growing Private Companies—the Inc. 500. In addition to the Deluxe partnership, the Austin-based firm expects to maintain its growth trajectory in 2010 with the nationwide launch of Kasasa™, a national brand of superior products designed to unite community financial institutions with the marketing scale they need to compete and win.

[via TechBurger]

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fooalaFooala tries to bridge the gap between online food ordering and local restaurants. When I first heard their idea at last year’s AlphaLab demo day, I was like “Wow that’s a great idea”! A lot of small restaurants do not have the time or the money to launch a platform to take orders online. Even if they did, trying to promote the fact that they could take orders that way would also be costly and time consuming.

Fooala provides an open online ordering system to restaurants as a Software as a Service. This means there is no hardware or software the restaurant needs to install. Fooala ties in to what the restaurant already does to take orders by phone and fax. They take it another step to help the restaurant integrate the system on an existing website.

Now here is where Fooala get interesting, the restaurant can also tie into a network of high quality websites and applications to engage and attract new customers. A great example of this is CollegeBite.com and the Facebook game Bite Bandit.

college

Fooala created College Bite to provide online ordering for delivery and pickup from local restaurants. Right now it’s only in Pittsburgh but they plan to launch in other cities soon. I could take the time to explain how the site works, but if you just go to it, it’s self explanatory. Think of it as an interactive menu section of a phonebook (if anyone still uses one of those giant wastes of paper anymore).

Another great example, Bite Bandit creates an interactive food ordering experience. The recently launched Facebook game gives away valuable coupons for orders from CollegeBite.com. They tell me the game has reached thousands of people and has given away thousands of dollars since they launched it a few weeks ago.

The game is setup like a slot machine and with each spin you can win up to $10 off your net order from College Bite. You only get 5 credits a day but you can score you self some more by promoting the game and your winnings.

Fooala is making it easy for small restaurants to reach an audience they would have never been able to reach themselves. I’m really looking forward to watching what this local startup will do next.

They wouldn’t give me details but they tell me they are working on a few major deals with publishers to use their system. I am thinking it’s going to be some kind of widget that the publisher could tie in with their food section. If this is true, then this would give restaurants another great way to reach customers.

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Tech Conference NewLogo2

I will be co-presenting at this year’s 4th Annual Pennsylvania Business Technology Conference, November 12th from 8:30 a.m.to 4:30 p.m. You still have time to register so check out their website before you miss out.

Here is information about my workshop:

Blogging 101: How to Get Started, Build Readership & Make Money.

With more than 133 million blogs indexed by Technorati, it’s clear that blogging is a major new media force in today’s Web 2.0 society. But businesses are still learning how to leverage them to drive new business, establish their brand and reach new markets. Learn how to get started, attract readers and turn your blog into a potential money-making venture.

Presented by: Ryan Smaretsky & Jason Mosley

This should be a lot of fun since Ryan and I have a great presentation planed. Yes, I will be talking about bacon during my parts of the workshop.

If you attending let me know so we could have a Startup Pittsburgh meet up!

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The following is a press release that was sent to me by the SBDC. I didn’t have time to develop my own take on this information so I am publishing it how they send it to me. I usually don’t like to do that since this is a blog and not a newspaper, but he information is timely and interesting.

sbdcLOGO_bkPittsburgh, PA, November 4, 2009 — Organizations in Pennsylvania appear slow to adopt new emarketing technologies to build their brands, but are inching along in the right direction according to an October 2009 survey of 300 regional professionals from businesses, nonprofits and educational institutions.

The First Annual Pennsylvania Technology Use Survey — sponsored by Duquesne University’s Small Business Development Center (SBDC) and Ennect, a Pittsburgh-based emarketing software firm — was conducted in preparation for the 4th Annual Pennsylvania Business Technology Conference, scheduled for November 12th at Duquesne University. The Conference was created in 2005 to help small- to medium-sized businesses utilize the latest emarketing practices and information technology tools to drive sales, cut costs, expand outreach and build their brands.

The SBDC survey was coordinated to measure the impact and status of technology on regional organizations. According to its findings, only 42% of the region’s organizations have social media marketing strategies in place and only 9% plan a move into social media channels. This is in comparison with a recent Equation Research report that shows a small business social media adoption rate of 59% and a “planning to implement” rate of 28%. (A separate survey, conducted by Babson Executive Education and Mzinga across a variety of industries nationwide, reported that 86% have adopted social technologies.)

Of the 42% of Pennsylvania companies using social media, only 12% identified it as a “tremendous asset” with 21% indicating an impact on brand awareness, 16% reporting results in generating leads, 10% indicating increased sales, and 9% reducing marketing costs. In contrast, the September 2009 McKinsey Quarterly Global Survey found 52% of respondents used Web 2.0 tools because of increased marketing effectiveness, 43% reported higher customer satisfaction, and 38% reduced marketing costs.

LinkedIn was the clear winner among regional organizations for promoting products and services with 22% maintaining a presence on the fast-growing professional social networking site, followed by Facebook (18%), and Twitter (12%). Interestingly, Twitter has grown to become the most adopted social media tool nationally, with 54% of Fortune 100 companies having a Twitter presence, according to a July 2009 Burson-Marsteller survey.

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Also, despite the fact that online video sharing is exploding — with 144 million online viewers in the U.S. this year alone and projected growth to 154 million in 2010 — regional organizations appear to be less inclined to use sites like YouTube than their national counterparts. The McKinsey Quarterly Global Survey reported 48% of respondents felt that video sharing sites had customer-related benefits.

Regional businesses do appear to be tracking national trends1 in keeping investments flat in traditional marketing channels (print, radio, TV, direct mail, and even email marketing), while increasing – albeit slightly – investments in interactive online and search engine marketing.

While increased globalization is driving adoption of videoconferencing elsewhere, the technology hasn’t seemed to penetrate Pennsylvania businesses. Only 20% of respondents reported using audio-video teleconferencing, 24% use voice-only teleconferencing, and 34% have not adopted this technology.

Ironically, when asked about whether they were keeping up with changing technology, most survey respondents indicated they “felt like they were on track with keeping up with changing technology and online marketing.”

More information about the survey will be made available over coming weeks in the Ennect blog.

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avere-systems-logoPittsburgh Startup Avere Systems recently raked in 15 million dollars of first round funding to launch their network-attached storage (NAS) technology. There plan is to announce their new product in October.

If you are hoping I know what this new NAS is, or how it’s different from the competition you’re out of luck. Like most startups there keeping the details hush-hush, but I can tell you what little I do know.

NAS is nothing new and it’s even starting to make its way in to the home. Acer and HP both have consumer model NAS on the market.

Avers Systems seems to be focusing on business applications for NAS technology. Since it’s something businesses can’t live without it a market with high demand. Another factor that might help them is, with shrinking budgets businesses will be looking at other options for the storage needs.

They believe they will have the advantage since they can make them run faster at a cheaper price than anyone else on the market. I am not sure how they plan to do that but I am going to take their word for it.

If they can really master the art of creating a top performing product at a cheaper price they could have something big on their hands. Household consumers are just now starting to see the value of NAS; this could be a market Avere might want to keep an eye on.

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