Fear getting lost in the debris every time you check your email? You're not alone. Market researchers estimate that nearly 300 billion emails hit the net each day. The average person sends and receives 110 emails a day. Google knows your pain. They sort through thousands of emails everyday, and like you, they're sick of it. So they got smart, cleaned up their stacks, and now Google's passing that organization onto you. Google rolls out its Prior
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Deere & Co. announced Aug. 31 it would sell its wind energy business to Excelon Corp, an energy company, for $900 million. The initial evaluation if for $840,000, with Deere getting the remaining $40 million when construction begins on already planned projects.
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Time flies. It only seems like a year ago (April 2009, to be exact) that New York's Chartbeat launched its real time analytics startup, but since its initial jump, the company has truly taken off, with more than 2,500 corporate paying customers on board and 1.2 million concurrent visitors tracked. That's a pretty impressive resume for a company of just five employees. Now the company breaks more ground, announcing $3 million in Series A seed fun
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Intel Corp. announced plans to buy the wireless communications unit of Germany's Infineon Technologies AG for $1.4 billion, the second deal in as many weeks the computer company has made in its attempt to leverage the growing mobile market.
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Computer and office product conglomerate 3M announced plans on Aug. 30 to buy Cogent, which develops automated recognition systems, for approximately $943 million, at $10.50 per share. The move is part of 3M's strategy to expand into the security market. The $943 million includes about $513 million in acquired cash.
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Google has bought up Angstro, a Palo Alto social networking company, but more importantly, it also nabbed the brain of the the social network entrepreneur that created the startup. Internet researcher Rohit Khare not only sold his company to Google, but has taken a job with the Internet big dog to help develop the social networking product Google Me, the search engine's answer to Face Book.
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After several price grabs and punches, it's still unclear whether a final price has been pinned to the map in the HP, Dell wrestling match for 3Par, the data storage company specializing in cloud network storage solutions. In the latest bid, HP has just offered $2 billion. This follows Dell's match of HP's $1.8 billion bid, which HP made to top Dell's agreement yesterday to buy the company for $1.6 billion.
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Europe's largest operator of mail services, Deutsche Post, announced Aug. 24 that it will acquire the online ad targeting platform nugg.ad as it continues expansion into the online advertising market. Though terms remain undisclosed, some market analysts have suggested the figure is likely upwards of 40 million Euro.
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Providing desktop access far away from home rakes in the big bucks these days. Atlantis Computing, a Cisco-systems backed software maker that enables remote access to desktops, massed $10 million in its third round of funding, the Mountain View, California company announced Aug. 25.
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Alibaba, the Chinese world leading e-commerce company, acquired Auctiva, a company that develops eBay auction management tools and has offices in Silicon Valley. Partially owned by Yahoo, the Hangzhou-based company links retailers with manufacturers.
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Once in a blue moon, a company can resurrect itself from the dead, come back profitable and get investors to believe. Such is the case with Moonfruit, a website business that nearly flatlined during the dot.com bust. With those days long behind them, the UK company has managed to grow a profit despite the global cash crisis, and hence, some investment encouragement. Moonfruit has just secured $2.25 million from Stephens, the US investment bank,
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Brand Affinity Technologies, a California company that created a technology to match celebrities with endorsement deals, announced Aug. 24 that it raised $20 million in Series C funding, led by Miramar Venture Partners, with existing investors RimLight Capital and Fulcrum Venture Capital contributing. This brings the company's total funding to $26 million.
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As users demand more bandwidth for mobile platforms, companies that offer efficient solutions are leveraging the capital to do so. Iptune, a Finland-based provider of mobile management service solutions, recently raised 1,3 M€ in angel funding.
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As Internet marketing turns to apps to do its dirty work, PocketGear pocketed $15 million in its second round of funding, the company announced Aug. 23. The company that bills itself as “the largest mobile app store,” attracted some fairly noteworthy investors, including Tomorrow Ventures, the investment firm of Google CEO Eric Schmidt. Apparently, Schmidt knows the future when he sees it.
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