THE BUSINESS OF TECHNOLOGY
Salesforce finalized its $689 million acquisition of Buddy Media, paying $475 million in cash and 1.4 million common stock shares, according to an SEC filing. The deal is the largest contract in the history of the mega-cloud software provider's history. Founded in 2007, Buddy Media has been connecting brands to their consumers and fans in a … [Read more...]
by MATT GALLAGHER, Red Herring Skyera launched Skyhawk this week, a series of enterprise solid-state storage systems that effectively eliminate the price barrier to solid state storage technology. At $3 per gigabyte, or as low as $1 after compression and deduplication, the technology makes solid state-storage an affordable realistic technology … [Read more...]
The art market can be an intimidating place to wade into for first time buyers. Traditional galleries with their white empty spaces and uninterested staff often create atmosphere that discourages new collectors from getting involved. And while Art.com and Etsy have made finding posters and art reproductions easy online, the art industry as a whole … [Read more...]
Google is on the verge of being slapped with a $22.5 million fine by the FTC, after the company was caught dipping its hands into Safari's cookie jar, the Wall St. Journal first reported. Though its a mere handful of change to Google, the fine would be one of the largest the agency has ever leveled against a single company. By default, Apple … [Read more...]
by MATT GALLAGHER, Red Herring In the world of bio-based plastic, Ecospan not only closes the loop, producing a solid, industry-suited plastic from 100 percent natural materials, but it does so at a cost efficiency that more than pays for itself in the end. Using bio-based, petroleum-free materials, the company produces a material strong … [Read more...]
Zynga stock took a nosedive June 12, dropping as much as 13 percent in a fall that triggered a short-sale circuit breaker, designed to halt stock trading when the price drops below 10 percent. The ban will be in effect through Wednesday. It was the largest drop for a stock that went public in December with an IPO value of almost $9 billion. … [Read more...]
The Red Herring editorial team selected the 2012 Top 100 Americas. This exceptional group of companies are among the most innovative, unique and promising companies selected from a pool of hundreds from across the region. The Top 100 were judged on both quantitative and qualitative criteria, such as financial performance, technology innovation, … [Read more...]
The Red Herring editorial team selected the Finalists for the 2012 Red Herring 100 Americas Award. This group of companies is the short list for the Top 100 award. They are the most innovative and promising companies from a pool of hundreds from across North America. The Finalists are evaluated on both quantitative and qualitative criteria, … [Read more...]
Venture capital investment has fizzled in China as investment in the world's largest Internet market fell to its lowest level in six years this quarter, the Dow Jones VentureSource reported. China's bubble has likely popped. This past quarter saw 45 deals raised $745 million, a 39 percent deal drop and 56 percent decline in capital investment … [Read more...]
By Igor Sill The recent capital markets have reinvigorated investor confidence in venture-backed companies to the levels of 2004, when the IPOs of Google and Salesforce debuted. The pent up current IPO pipeline represents a significant liquidity window and exceptional returns for Venture Capitalists and their Limited Partner (LP) … [Read more...]