MetroWest495 Biz

6 MetroWest495 Biz | August 2015 and managing director. "We wanted to align ourselves with an entrepreneurial and recognizable firm," Parsons said in a statement. PCG said it expects to double its brokerage staff within the next 12 months and intends to open an additional office in Boston. Through the Sperry network, the firm hopes to add to its offerings and add advisors. Litigation resolution for Cognex Corp. of Natick Cognex Corp. of Natick and a Washington state firm have reached a settlement of all outstanding litigation between the parties, the companies an- nounced. In a joint statement, Cognex and Microscan Systems of Renton, Wash., said the settlement includes a patent cross-license agreement under which both will continue to produce current models of their handheld bar- code readers. Cognex and Microscan compete in the market over direct part mark (DPM) handheld barcode readers, which can read challenging barcodes marked directly on parts. The products use sophisticated lighting techniques to enable decoding, the patents for which are addressed by the settlement, the statement said. Cognex sells division to Pa. company for $160M Machine sensor manufacturer Cog- nex Corp. of Natick has completed the sale of its Surface Inspection Systems Division to AMETEK Inc. The trans- action, announced last month, was completed for $160 million in cash, subject to customary working capital and other purchase price adjustments, the company said. AMETEX, based in Berwyn, Pa., makes electronic instruments and electromechanical devices. Cognex expects to report a pre-tax gain from the deal of about $125 million in the third quarter. Cancer awareness nonprofit joins forces with bus line Westborough-based nonprofit 15- 40 Connection is partnering with Peter Pan Bus Lines in its efforts to promote early cancer detection. A "wrapped" bus posing the question "Would you recognize a cancer symptom?" will be used on bus routes across the Northeast, 15-40 Connection said in a statement. The outside of the bus features photos and stories of young adult cancer survivors, and is designed to encourage New England commut- ers to recognize cancer symptoms and detect the disease earlier. The bus was introduced recently at Union Station in Worcester. Illinois company buys third MetroWest hotel A Chicago-based hotel manage- ment and investment firm has bought its third MetroWest hotel, buying the 223-bed Double Tree by Hilton in Westborough, next to the junction of Routes 9 and 495. Ultima Hospitality announced the acquisition, which gives the company three of the largest hotels in Central Massachusetts. It already owns the Sheraton Framingham Hotel & Conference Center and Courtyard by Marriott, in Marlborough. Combined, the three hotels have 800 guest rooms. "Westborough and the surrounding ar- eas have reached a critical mass of large corporate tenants that have recently made sizable investments in the area," said Nir Liebling, chief investment of- ficer of Ultima, in a statement. IT company acquires Granite State firm Marlborough IT services firm Ver- satile Communications has acquired a New Hampshire company that specialized in Microsoft's SharePoint platform, which assists team-based collaboration among businesses. In a statement, Versatile said it has acquired Kiiro Software, based in Amherst, N.H. Kiiro also focuses on business intelligence applications and application development services that Versatile believes will help its clients transition some or all of their informa- tion technology assets to cloud-based environments. Kiiro's founder and CEO, Jeff Forsyth, becomes Versatile's vice president and general manager of its application services division. Roundup s page 5 working together for stronger, healthier babies Sponsored By October 22, 2015 5:00 p.m. to 8:00 p.m. Mechanics Hall 321 Main Street · Worcester, MA 01608 For more information or to attend, contact Patty Kady 508-329-2809 · PKady@marchofdimes.org Honoring, Patrick Hughes, CEO, Fallon Health Dr. Robert Johnson, President, Becker College Susan Mailman, President, Coghlin Electrical An evening to benefit babies and families. Save the date October 22, 2015 5:00 p.m. to 8:00 p.m. Mechanics Hall 321 Main Street Worcester, MA 01608 For more information or to attend, contact Patty Kady (508) 329-2809 • PKady@marchofdimes.org An evening to benefit babies and families. Honoring, Patrick Hughes, CEO, Fallon Health Dr. Robert Johnson, President, Becker College Susan Mailman, President, Coghlin Electrical 905 Hartford Turnpike, Shrewsbury, MA 01545 tel. 508.842.1213 • www.elevationee.com Before After Before After CUSTOM RENTAL GLOBAL GRAPHICS EVENTS PORTABLES UPGRADE YOUR SPACE • CORPORATE OFFICE DESIGN & INSTALL BIOCCHI TO LEAVE METROWEST CHAMBER Bonnie Biocchi announced in June she would leave her post as president and CEO of the MetroWest Chamber of Commerce in Framingham after joining the chamber in 2010. Formerly a regional director for the Massachusetts Office of Business Development under the Patrick Administration, Biocchi has accepted the position of senior direc - tor of business development at Habitat for Humanity MetroWest/Greater Worcester. Biocchi was scheduled to leave the chamber in mid-August. A search for her successor is underway.

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