THE BUSINESS OF TECHNOLOGY
Nothing suggests a comeback like raising a billion fund on the same day your former company is being investigated for fraud. Mike Lynch, the former CEO of Autonomy, has raised $1 billion to establish the Invoke Capital fund, where he plans to support small R&D technology companies, the Telegraph reported. He’s secured financial investment … [Read more...]
Salesforce has quietely acquired EntropySoft, a French company that enables connecting content repositories together in order to leverage better business value out of content, EMS Wire reported. EntropySoft essentially allows companies to extract customer data for better marketing. Its Connector Hub allows customers to work on documents stored … [Read more...]
Truphone, a UK company that strives to eliminate international calling fees, has raised an impressive $118 million round at a $473 million valuation. The investment round was made by a group of investors led by Roman Abramovich, the wealthy Russian owner of Chelsea Football Club. Abramovich's investment gives him a 23 percent stake in the … [Read more...]
Cox Enterprises, an owner of radio and TV stations, newspapers, cable and telephone services, has placed a big bet on the startup world. Moreover, it's placed big money on the entrepreneurial instinct of Tripp Rackley, a serial entrepreneur who successfully launched and sold two companies to Intuit and Qualcomm and claims to have created over $1 … [Read more...]
Infusionsoft, a company that provides small businesses with a complete end to end CRM, social marketing and sales management, has raised $54 million from Goldman Sachs. The company will use the new funding for “fueling our product development, accelerating marketing and sales, and growing our partner and education programs in the U.S. and … [Read more...]
Janrain, which provides a social log-in management platform for developers that allows for easy signup through Facebook and other social media services, has raised $33 million. The round included contributions from new investors including salesforce.com, Millennium Technology Value Partners, Split Rock Partners, and Epic Ventures, as well as … [Read more...]
Google closed a $200 million investment in the Spinning Spur Wind Project, a 161 megawatt West Texas wind farm that will generate enough electricity to power 60,000 homes. Each of the farm's 70 Siemens wind turbines carries a 2.3 megawatt capacity. The project will bring the bulk of Google's renewable energy assets to an impressive 2 gigawatts, … [Read more...]
Hanergy Holding Group, China's largest clean energy company, finalized its purchase of MiaSole, the world's largest thin film-PV company, in an agreement that gives it a 100 percent stake, the AP reported. The group's financial backing will help MiaSole invest in research and development as it rides out a downturn in the global solar market that … [Read more...]
Twitter has been valued at $11 billion in a Greencrest Capital report, according to Forbes, which reported the company is eying a possible IPO as early as 2014. The publication credits recent management hirings, including Ali Rowghani’s promotion from chief financial officer to chief operating officer, the hiring of ex-Zynga employee Mike Gupta … [Read more...]
Pearson, the British education publisher, purchased a 5 percent stake in NOOK Media, the Barnes & Noble subsidiary that's behind the NOOK reader and its digital content store, for $89.5 million. "We formed NOOK Media to be a leader in the exploding market for digital content," said William Lynch, Chief Executive Officer of Barnes & … [Read more...]