Chinese Web Titan Baidu Launches TV
Baidu, the Chinese web titan behind the country’s search engine that works similarly to Google, will enter the television with its own smart TV as the company forays into the expanding online video industry. Dubbed TV+, the company’s first smart TV will be produced by TCL Multimedia Technology Holdings Ltd, with a 48-inch screen costing 4,567 yuan … Read More
Top 100 Asia Showcase
From September 3-5, 2013, venture capitals and CEOs from cutting-edge private technology companies will gather in Hong Kong to discover an exceptional array of entrepreneurs and executive leaders from innovative technology firms in the Asian marketplace. In addition, Red Herring Asia will present the winners of the Red Herring 100 Asia award, … Read More
BMC Software Privatizes in $6.9B Deal
BMC Software agreed to privatize itself in $6.9 billion sale to a group of investors led by Bain Capital and Golden Gate Capital. The deal pays $46.25 per share to the buyer’s group which includes the Government of Singapore Investment Corporation and Insight Venture Partners. That’s a 14 percent premium on BMC’s share price on May 11, 2012, the … Read More
Top Stories
The First 100 Days at the Helm of Shazam: A Conversation with Rich Riley
Most often, CEOs are hired to replace a predecessor in times of troubles with the mandate to fix things. Once again, the British-based startup Shazam is an exception. Founded in 2000, the last 13 years have brought both traction and a venerated position in pop culture’s mobile hall of fame as an all-time, top 10 most … Read More
What Else?
Alert Logic Announces Deal with Welsh, Carson, Anderson & Stowe
Cloud data security company Alert Logic announced today that its executive management, together with private equity firm Welsh, Carson, Anderson & Stowe, now owns a majority interest in Alert Logic. With the partnership comes an additional boost … Read More.
Facebook Acquires Team Behind Jibbigo Speech Translation App
Facebook has acquired Mobile Technologies, the 12 year old company behind Jibbigo, a speech recognition and machine translation app. The app is the first to offer speech to speech translation in both offline and online environments. It enables users … Read More.
Coursera Scores $43M to Take Online Education Global
Coursera, the online education startup, has raised a $43 million round to further propel its burgeoning growth as it takes its platform international and multi-lingual. The Series B round was led by GSV Capital Corp. (GSVC), Learn Capital, Laureate … Read More.
Scality Raises $22M to Globalize Scale-Out Data System
Big data is the next revolution in business, and Scality strives to turn the industry on its head through a low pricing model that uses multiple distribution points for an easily scalable system that never needs to go offline to evolve. The company … Read More.