Hartford Business Journal

www.HartfordBusiness.com • July 16, 2018 • Hartford Business Journal 5 Hartford's new pro soccer team named entering 2019 The Capital City's first pro soccer club will be named the Hartford Athletic, as promoters announced more than 1,000 fans have already committed to season tickets at Dillon Stadium. Owned by the Hartford Sports Group (HSG), the Hartford Athletic will join the United Soccer League in 2019 alongside five other expansion teams in Austin and El Paso, Texas; Memphis, Tenn.; Albuquerque, NM; and Birmingham, Ala. HSG President Bruce Mandell said several games will also air on ESPN. Formed in 2011, the USL, which is sanctioned as a Division II pro soccer league, currently has 33 teams across the nation. Clubs are located in major cities including Los Angeles, Las Vegas, Seattle, Phoenix, St. Louis, Nashville, Orlando, Pittsburgh and New York, among others in Canada. Meantime, the State Bond Commission approved $10 million earlier this year to fund a makeover of Dillon Stadium, which will seat 6,000 fans and play home to the Hartford Athletic. Manchester's Woven Orthopedics reaches $5.4M in funding Manchester-based Woven Orthopedics Technologies has tacked on more than $1.2 million in funding since February, according to the U.S. Securities and Exchange Commission (SEC). In a recent filing with the SEC, Woven, which makes gripping sleeves for orthopedic bone screws, disclosed it raised almost $364,000 in June after receiving more than $905,900 in February. As previously reported, Woven disclosed to the SEC in Aug. 2017 that it raised $4.2 million as part of an $18 million offering. Woven amended its filing in June saying it was up to more than $5.4 million raised. Woven began distributing its woven biotextile devices in Australia and New Zealand for use in human patients in May 2017. CT housing posted moderate growth in '17 Connecticut's housing market grew slower than expected last year largely due to modest economic growth, according to the state Department of Labor (DOL). The latest monthly issue of Connecticut Economic Digest says municipalities in 2017 approved 4,547 permits for single- and multifamily housing valued at $1.18 billion. That represents a 17.4 percent and 25.2 percent decrease, respectively, vs. 2016 and 2015. Permits for single-family dwellings surpassed those for multifamilies with five or more units. The labor agency says more than 54 percent of housing permits were for single-families, while 42 percent were multifamilies. Lackluster growth in jobs, personal income and gross state product contributed to the poor housing market, DOL said. W. Hartford's SCIO Health Analytics acquired A New York-based operations management and analytics company has completed its $240 million purchase of West Hartford's SCIO Health Analytics. EXLService Holdings. Inc., a publicly traded company, says it finalized the acquisition July 1. Under the deal, SCIO will continue operating at 433 S. Main St., providing health analytics services to providers, payers and life sciences organizations aiming to increase revenue and uncover fraud and abuse in prescription pharmaceuticals. EXL officials have said the purchase allows the company to serve larger clients with support from SCIO's team of over 2,000 clinicians and more than 3,000 data scientists worldwide. SCIO Health employs over 900 people globally. 14 Bobala Road 3rd Floor Holyoke, MA 01040 Tel: 413.536.3970 www.WAdvising.com Headquarters 280 Trumbull St 24th Floor Hartford, CT 06103 Tel: 860.522.3111 One Hamden Center 2319 Whitney Ave, Suite 2A Hamden, CT 06518 Tel: 203.397.2525 One wrong click or a weak password can cause a security incident or data breach. The impact can be devastating. Make a Commitment to Cybersecurity Today Whittlesey's Cybersecurity Assessment (CSA) will help identify your cyber risk level. Call a Whittlesey Expert! 860.524.4433 61% of data breach victims are businesses with under 1,000 employees. 1 1 2017 Data Breach Investigation Report, Executive Summary – Verizon ASSURANCE | ADVISORY | TAX | TECHNOLOGY The owners of the Hartford Sports Group. PHOTO | HBJ FILE

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