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4 Hartford Business Journal • May 6, 2019 • www.HartfordBusiness.com Week in Review Briefs Permatex relocates Hartford HQ to Ohio Permatex Inc., which makes and distributes chemical products including adhesives and sealants, has moved its Hartford headquarters to Ohio. The company, a division of Illinois Tools Works Inc. (ITW), recently announced its remaining leadership team at Hartford's Boat Building has relocated to the company's existing campus in Solon, Ohio. Permatex still has a small Hartford presence in its fifth-floor space at 1 American Row, including at least a receptionist and several distributors, local employees told HBJ. It's not exactly clear how many employees were located in the Hartford office, or whether they were retained and transferred to Ohio. Permatex has more than 200 total employees, according to its LinkedIn page. Investor group looking to bring women's pro soccer club to Windsor An investor group that includes the developer of a major local athletic complex, Mohegan Sun, and the original developer selected to overhaul Hartford's Dillon Stadium has submitted a bid to launch a women's pro soccer team in Windsor. The group submitted a bid in October in hopes of joining the nine-team National Women's Soccer League (NWSL), the nation's highest level of women's pro soccer, which is expected to announce potential expansion teams sometime in May. It's looking to begin play in 2020. The franchise would play its 12 annual home games on land owned by lead investor Mark Greenberg at 1001 Day Hill Road in Windsor. The site, known as Fastpitch Nation Park, debuted as the region's largest softball facility on April 27. Other investors include Mohegan Sun Sports; T.J. Clynch of Hartford-based project planning and design firm Civic Mind; and former U.S. women's soccer team player Kristine Lilly. ESPN to cease print magazine publication Bristol sports programming giant ESPN announced it will discontinue its 21-year-old print magazine in September. Blaming changing consumer habits, the Disney-owned sports network said the print version of ESPN the Magazine will cease following September's release of The Body Issue. ESPN said the publication will still publish stories online, and will consider producing special print editions — like The Body Issue. "Our data shows the vast majority of readers already consume our print journalism on digital platforms, and this approach will maximize our reach and impact," ESPN said in a statement. There were no layoffs announced, but cuts are likely to be made in September, according to Sports Business Daily, which reported that the move was triggered as part of a restructuring. ESPN last publicly announced layoffs in 2017 when it cut 150 jobs in studio production, digital content and technology. Active 1Q for Greater Hartford VC deals The Greater Hartford region was active in first-quarter venture capital deals. Of the 10 VC deals recorded across the state between January and March, five of them worth a total of $24 million occurred in Greater Hartford, according to data from the latest PwC/CB Insights MoneyTree Report. Overall, $88 million was invested in Connecticut companies during the three- month period, the biggest first quarter in the state since 2014. East Windsor-based information-security and cyber-consulting provider Foresite MSP and Farmington-based medical data analytics firm Diameter Health each took in $10 million during the quarter. Meanwhile, Cromwell fintech Payveris took in $6 million, and Torigen Pharmaceuticals and Azitra, both based in Farmington, took in $5 million and $3 million, respectively, during the quarter, according to the report. TOP STORY Windsor's SS&C wins $44M trade-secret lawsuit W indsor fintech provider SS&C Technologies Holdings Inc. said it's won a $44 million lawsuit against an Idaho-based software company over trade- secret violations. The company announced that a jury in Illinois recently found fintech Clearwater Analytics liable for "willfully and maliciously" stealing its trade secrets, and awarded SS&C $44 million in damages, including $28 million in punitive damages. SS&C filed the lawsuit against former SS&C employee Bradley Rossa in Illinois state court in July 2016, alleging he and another former employee kept confidential information before they departed work at the company's Chicago office and used or conspired to use it at their new jobs at Boise-based Clearwater Analytics. The company that year also filed a second lawsuit against another former employee, Richard Pullara, in federal court in Connecticut. SS&C argued that Clearwater knew about Rossa's possession of the proprietary information, which violates trade-secret laws and breached his non-disclosure contract by hiring him. BY THE NUMBERS 21 The number of years ESPN the Maga- zine has published. The print edition will cease publication this September. 8th Hartford's ranking in terms of the best U.S. cities for Millennials to live in, ac- cording to a new study by Homes.com. $1M The payment the tribal operators of Mohegan Sun and Foxwoods Resort Casino have made to the state Depart- ment of Consumer Protection as part of their first step to jointly opening a $300 million casino in East Windsor. 1.8% Connecticut's GDP growth rate in the fourth quarter of 2018, which ranked 27th nationally. TOP 5 MOST READ On HartfordBusiness.com • 1. Tribes' $1M payment to CT moves E. Windsor casino project forward • 2. Study: Hartford 8th best place for Millennials • 3. Investor group looking to bring women's pro soccer club to Windsor • 4. Hartford's Spigot Cafe remains open under new owners • 5. Permatex relocates Hartford HQ to Ohio STAY CONNECTED For breaking and daily Greater Hartford business news go to www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln: www.linkedin.com/company/ the-Hartford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend www.HartfordBusiness.com/ subscribe Weekly e-newsletters: CT Health Care Weekly www.HartfordBusiness.com/ subscribe SS&C Technologies Inc. CEO and Chairman William Stone. PHOTO | HBJ FILE A rendering of the proposed soccer stadium in Windsor. PHOTO | CONTRIBUTED