Dynamics Inc. named DEMOgod and People's Choice - CTTEC - Carnegie Mellon University

Monday, September 20, 2010

Dynamics Inc. named DEMOgod and People's Choice

Next generation payment card start-up Dynamics Inc. was named the People’s Choice and DEMOgod at the DEMO Fall 2010 awards held last week in Palm Desert, Calif.

The DEMO conference, where many technology company’s launch, is coproduced by the blog VentureBeat and IDG Enterprises. Previous DEMO companies include TiVo, E-Trade and Salesforce.com.

Dynamics, started in 2007 by CEO Jeff Mullen, launched Dynamics Card 2.0 a thin, flexible computing platform that can be used in payment cards. The technology allows the magnetic stripe on a card to be programmable and used with any existing point-of-sale stripe reader.

By winning the People’s Choice Award, the company receives $1 million in advertising from IDG, with international publications including PC World, MacWorld and ComputerWorld.

“It was no surprise to me that Dynamics swept the People’s Choice Award and won the DEMOgod title,” said Matt Marshall, producer of DEMO and editor-in-chief of VentureBeat, in a written statement. “What they brought to the DEMO audience this year is game-changing and has raised the bar for all future innovators.

The company beat out 70 other firms to take the People’s Choice Award as voted by the 800 attendees. The DEMOgod is selected by the conference producers.

“This is just the beginning,” Mullen said in a written statement. “We will continue to deliver innovative and exciting functionality to the consumer.”

In September 2009, the company raised $5.7 million in series A funding led by Pittsburgh-based Adams Capital Management. The company is headquartered in Wexford but has offices in New York City and Silicon Valley.


Article Courtesy of Pittsburgh Business Times