Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

    Local cybersecurity firm set to double headcount by 2017
    Cybersecurity firm CAaNES is growing here in Albuquerque and is looking to hire another 14 people by January, CEO Mark Fidel told Business First on Tuesday. The company said it expects to nearly double its headcount by 2017, growing to 70 employees. Fidel said the increased awareness companies have of the importance of cybersecurity is fueling the company's growth. The company's software is different than the virus-protection software many people put on their laptops, Fidel said. CAaNES' RiskSense?

    See our database of the biggest purchases by the state of New Mexico
    Today, we're presenting a database of all state purchase orders over $1 million. The data is from the State's Sunshine Portal website and goes back to July 1, 2009. We used the search function to find all purchase orders over $1 million; however, the data returned from the Sunshine Portal produced a lot of duplicate entries. A Sunshine Portal representative described this as a "bug" and provided us with the correct data, assuring us that the bug on the Sunshine Portal website will soon be fixed. The?

    Former UNM dean Doug Brown "flunking retirement" again
    In some circles, Doug Brown's retirement is just a running joke. He's tried for the umpteenth time to retire. But on Monday he became the interim CEO of First National Santa Fe bank. "I keep flunking retirement," Brown told Business First on Tuesday. "There's been good progress that the bank has been making. I look forward to working more importantly with them." Brown has 28 years of banking experience with Wells Fargo and several other businesses. The First National Santa Fe bank has $1.6 million?

    High-profile Downtown space opens after Fifth Horseman closes
    The corner of 5th and Central is home to a good deal of daytime and nighttime activity in Downtown Albuquerque. The area has one of the city's busiest nightclubs ? Effex Nightclub? and an increasingly popular restaurant-bar in Adieux Cafe. The space to the west of both of those businesses was formerly a Schlotzsky's that closed last year and made room for the Fifth Horseman. The Fifth Horseman opened September 15 but recently closed. Now the prime corner location, owned by developers Steve?

    G4S Government Solutions Inc. sold
    G4S Government Solutions, Inc., a division of multinational security company G4S plc, announced its sale to a private equity firm and the launch of Centerra Group, LLC. The company, which has operations in Albuquerque, was sold for $135 million. A G4S Government Solutions spokesperson declined to name the private equity firm. Centerra Group will be launched by the unnamed private equity firm using assets acquired in the purchase of G4S Government Solutions. "The private equity firm plans on developing?

    Downtown?s Azul Burrito Co. shutters for good
    A relatively short run for Downtown's Azul Burrito Co. officially came to an end this month. The eatery, an offshoot of Mountain Road's Cocina Azul, signed a lease late last year to occupy a high-profile spot that was formerly Nick's Crossroads Cafe and Fresh Choices at the southwest corner of 4th Street and Central Avenue. Operator Arellana Cordero made a considerable investment to renovate the almost 5,300-square-foot space and for several months offered a menu of build-your-own burritos, bowls,?

    UNM professor advocates STEAM instead of STEM
    A professor at UNM's School of Architecture and Planning wants to add an extra letter to STEM education. Anne Taylor, who taught art education at the university, served as dean of the graduate school and taught in the School of Architecture and Planning, thinks that STEM's science, technology, education and math aren't enough. She would like to see an "A" for "Arts and Architecture" added to the acronym. Taylor, along with architect George Vlastos, developed the Architecture and Children curriculum?

    Winter Indian Market comes to Santa Fe
    The ninth annual Winter Indian Market is coming to Santa Fe over Thanksgiving weekend. The event will feature more than 200 pueblo and native artists who will be selling their works. The event also features live music, dancing and a "Festival of Trees" contest and auction featuring artful Christmas trees designed by native artists. The Winter Indian Market will be held at the Santa Fe Community Convention Center on Nov. 29 and 30. Admission is $10 a day or $15 for both days. Want Albuquerque news?

    Economy expands 3.9%, more than forecast (Video)
    Economy expands 3.9%, more than forecast (Video)

    Navajo Tech receives $447,748 grant
    Navajo Technical University in Crownpoint has been given $447,748 for a distance learning initiative. The funding for the project is coming through the federal Department of Agriculture's Distance Learning and Telemedicine program. The program is intended to boost employment in the area by allowing students to successfully take classes without having to travel long distances to reach the campus, said Sen. Martin Heinrich (D-NM), who announced the grant with Sen. Tom Udall (D-NM). "These funds?