Demand response firm Comverge heartened by slim Q2 loss

Comverge , one of the leading demand response firms competing with EnerNOC and CPower , reported a narrow $9.1 million loss for the second quarter ended June 30. But the company is optimistic about the results, citing a 39 percent increase in revenue since last year to $13.3 million. The company, based in East Hanover, N.J., lost $9.6 million in the second quarter in 2008, but that was before the downturn.

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TransGaming launches its own game development studio

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Business Insider raises $5M, but why?

It’s an open secret that Business Insider , the blog network founded by disgraced-stock-analyst-turned-ace-reporter Henry Blodget as Silicon Alley Insider, has raised $5 million in funding from “a number of high profile backers, including Allen & Company LLC, Marc Andreessen, Jim Friedlich of Zelnick Media, and Matt Luckett of Balestra Capital. Kohlberg & Company,” according to a report by paidContent.org. Five million bucks is pocket change to 69-year-old Herb Allen.

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Demand response co. EnerNoc lands $100M contract

EnerNoc (ENOC.O), one of the growing number of companies focused on demand response — the management and redistribution of power based on real-time changes in demand — has landed a contract with PJM Interconnection , an electricity transmission company in the mid-Atlantic region, to manage 1,000 megawatts worth upwards of $100 million. The year-long contact, 2012 to 2013, will give EnerNoc an unprecedented boost, providing roughly the same sum that came from all of its contracts combined in 2008.

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