American multinational QuintilesIMS, the world’s largest provider of biopharmaceutical development and commercial outsourcing services, has identified itself as the buyer of Halifax-based startup STI Technologies Inc.

The U.S. company put out a statement Wednesday confirming that it closed the purchase of STI on Feb. 10, though it declined to reveal the details of the transaction.

Startup Zone, the startup house in downtown Charlottetown, said Wednesday it has accepted nine companies into its residency program.

Ranging from arts and culture to information technology to food, the new companies bring fresh ideas, energy, and diversity to the program, said the organization in a statement. The new companies are: Becka Viau Inc.; codeAtlantic; Island2Island Products;

Halifax-based Metamaterial Technologies Inc. and its partner Airbus are moving into commercial production of metaAIR, and plan to manufacture the laser-filtering screens in the Halifax area.

MTI and the European aircraft maker held a news conference on Tuesday to announce that they would work together to “validate, certify, and commercialize” the product.  In 2014, the two parties agreed to test

BDO Canada will host its annual Connecting with Venture Capitalists event in Halifax on March 29, offering startups a chance to pitch to four leading VC funds.

BDO, an accounting practice that targets the mid-market, initiated the events last year as a means of connecting entrepreneurs with funders. The Halifax event, to be held at the Four Points by Sheraton Halifax on Hollis Street, will

More than 80 teams from 20 universities across Canada have applied to compete in Canada’s Business Model Competition 2017, to be held next month in Halifax.

The contest was launched by Dalhousie University’s Norman Newman Centre for Entrepreneurship in 2013. It allows finalists to compete for part of a total prize package of $50,000 and in-kind prizes.

A pool of 30 teams will be selected to

A year of signing up large enterprise clients has Mark Kennedy being in a position later this year to entertain a Series B funding round.

Kennedy is the CEO of St. John’s-based Celtx, which has been a pioneer in producing a range of software for the film industry.

Founded in 2000, the company has attracted millions of users who are film writers, designers, producers and others involved in

Ubique Networks Inc., a Sydney- and Toronto-based startup that reduces lag time in online gaming, has partnered with Thorold, Ont.-based Caribou Contests Inc. to promote problem-solving skills among students through global Minecraft and math competitions.

Ubique — pronounced U-bi-quay, it’s the Latin word for “everywhere” — has developed technology that significantly reduces the lag time in

Halifax-based Appili Therapeutics Inc., which is developing anti-infective drugs, said last week it will receive a $2.8 million loan from the Atlantic Innovation Fund, a research fund operated by the Atlantic Canada Opportunities Agency.

The company said the funding will allow it to take its first drug, ATI-1501, through clinical trials to be ready for market approval. Last year, Appili received

STI Technologies, the Halifax company that helps drug companies distribute samples, is reportedly close to announcing a $200 million exit.

Citing a report in Allnovascotia.com, the Chronicle-Herald said late Friday that the company has reached a deal with an unnamed purchaser to sell out for about $200 million. Representatives of the company did not respond to an email over the weekend.

Saint John tech companyMariner has reported strong revenue growth at its flagship xVu division, whose video-system-monitoring software is now assessing 3 billion events a week.

Mariner xVu (pronounced “X-View”) is the main product division of the company. It is an analytics system that allows online video content providers to identify and correct problems with Internet video delivery systems.