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Software center to open soon

The Spokesman-Review

Critical Logic, a Burlingame, Calif.-based high tech company, will open a four-person software testing center in Spokane Valley, local economic development groups say.

The company will open later this month in leased space at 1120 N.Mullan Road. The office expects to add another dozen employees in the coming year, according to press releases from the Spokane Area Economic Development Council and Spokane Regional Chamber of Commerce.

Critical Logic’s proprietary technology automates software testing and quality assurance. The company also considered Salt Lake City, Reno, Nev., and Olympia for expansion before choosing Spokane, the press release said.

“We could save an estimated $100,000 in operating costs in the first year alone and have been very impressed with the availability of talent and pool of graduates in this area,” said John MacAllister, Critical Logic’s chief operating officer, in the press release. “We also wanted to choose a location where employees could enjoy living.”

Spokane

Covey taking chair at Potlatch

Potlatch Corp. announced that President and CEO Michael Covey will take on the additional title of chairman of the company on Jan. 1.

Current Chairman Pendleton Siegel will retire from the board on Dec. 31. Siegel was Potlatch’s CEO from 1999 until February.

Potlatch converted to a real estate investment trust on Jan. 1, following a timber-industry trend. Being a REIT offers tax advantages for timber-owning companies.

Houston

Survey says oil prices going up

Policies that restrict energy production, combined with rising demand for petroleum products, will maintain upward pressure on oil prices for at least the next year, according to a survey of industry executives.

Nearly four out of five executives and managers surveyed last month by Deloitte & Touche USA LLP said U.S. energy policies were not headed in the right direction. Deloitte, which conducted the survey of 100 industry professionals via e-mail, released the results Tuesday at its annual oil and gas conference at a downtown hotel.