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Google names Cary digital capital for online business

Google named Cary the digital capital of North Carolina in an eCities initiative that seeks to recognize communities in each state embracing the power of the Web to grow their business.

ChannelAdvisor revenues increase 29 percent in second quarter

ChannelAdvisor, in its first earnings report as a public company, reported late Wednesday that revenues increased 29 percent in the second quarter to $16 million..

Excluding the impact of stock-based compensation, the Morrisville e-commerce company reported a net loss for the quarter of $4.5 million, up from a loss of $2.5 million during the same period a year ago. On an earnings per share basis,

ChannelAdvisor lost 25 cents, compared to a loss of 17 cents per share during the second quarter of 2012.

That beat the consensus among analysts who cover the company, which was a net loss of $6.4 million or 35 cents per share.

Durham startup nets $350,000 in seed money

Windsor Circle, a fledgling Durham company that raised $350,000 in seed funding earlier this month, today announced the release of its first product for online retailers.

The six-month-old company has launched what it is calling the "Early Access" version of its eCommerce Intelligence Software, which is designed to help online retailers boost revenue from email marketing campaigns.

Unlike a beta version that may not be fully functional, Windsor's "Early Access" version is a finished product but availability is limited to ensure that the start-up can provide sufficient customer support, said Brad McGinity, vice president of sales and marketing. The company's plan is to limit access until Aug. 31.

Windsor Circle's eCommerce product enables online retailers to integrate customer purchase data with their e-mail marketing efforts, so that they can send out e-mails that match customers' interests. The eCommerce software also creates various customer segments, such as recent buyers, big spenders and wealthy customers.

N.C. Revenue Dept offers deal to Internet retailers

State tax authorities are offering a compromise to online retailers that don't charge charge the state sales tax to their North Carolina customers.

The N.C. Department of Revenue said this morning it will forgive all back sales taxes and penalties to businesses that sign an agreement by Aug. 31 to start charging customers the sales tax.

"We are going to be asking quite a number of them to participate in the program," said revenue Secretary Kenneth Lay. "We have positive indications that several will sign up."

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