THE BUSINESS OF TECHNOLOGY
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 of primary capital from Welsh Carson and the chance for Alert Logic to scale out. According to the … [Read more...]
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 to text or record voice content in over 25 languages that is then translated on screen or read aloud … [Read more...]
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 Education Inc. and International Finance Corp., the investment arm of the World Bank, with … [Read more...]
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 offers reliable and backed up storage for roughly 2 cents GB/per month, less than half the cost of … [Read more...]
By Matt Gallagher, Red Herring Though many in the online food delivery space find themselves stuck in the rush hour of tech, Delivery Hero landed a decent funding round recently from the investor of an online food ordering rival. The $30 million Series D was led by Phenomen Ventures, a new Russian VC firm that also invested in Delivery Hero’s … [Read more...]
Fab has come a long way since its original debut back in 2010 as Fabulis.com, a gay social network. The company evolved from a social meet up place into a flash-sales pipeline, and has since morphed into an entity offering its own products with plans to soon open a physical design store of its own. Based in New York City, the company has … [Read more...]
In an effort to improve hospital efficiency, GE has tagged $2 billion for software investments in the healthcare space. The company will invest in software and app development “ to advance current and future offerings in order to address new and pressing operational and productivity challenges faced by healthcare organizations around the world,” … [Read more...]
Intel Corp. has made an offer to acquire Stonesoft, a public Finnish firewall security company, for $389 million in cash to bolster the offerings of its McAfee security software package. Public stock of the security company soared following the announcement. Stonesoft investors are poised to faire nicely at 4.50 euros ($5.90) a share, more than … [Read more...]
In a sign that social and ecommerce are becoming peas in the same pod, Alibaba, the Chinese Amazon giant, has purchased Weibo, China’s version of Twitter, for $586 million. The deal values Weibo at over $3 billion, according to Reuters. A number of analysts, who peg Weibo’s value at between $600 million and $2.5 billion, have described the … [Read more...]
Those waiting for Eventbrite to go public will have to be patient. The online ticketing company recently raised $60 million to buy it more time. The round was led by Tiger Global Management, and included a new investment partner, T. Rowe Price. It brings Eventbrite’s total investment to $140 million. "We believe Eventbrite has a strong … [Read more...]