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...]
Apple's iPad may be leading the tablet revolution with a global penetration of 68 percent, but it's even more popular in China, where the iPad holds nearly 73 percent of the tablet market, according to the latest stats by Analysys International, China Daily recently reported. That's an impressive feat in a country where even the cheapest iPads … [Read more...]
by MATT GALLAGHER, Red Herring The FTC fined Google $22.5 million to settle charges of bypassing privacy settings in Apple's Safari browser, the largest civil fine ever for the commission, though at Google's daily earnings (about $32 million in 2011), it amounts to a little more than a traffic ticket. “The record setting penalty in this … [Read more...]
DocuSign, the electronic signature platform based out of San Francisco, recently nabbed $47.5 in Series D funding, led by Kleiner Perkins Caufield & Byers. Mary Meeker, known for her annual Internet Trends reports on the mobile space, has joined the company's board. “DocuSign has created a compelling and rapidly growing business by … [Read more...]
Microsoft officially announced its Bing Fund, an angel investor and business incubator that will offer promising startups cash, advice and privileged access to Microsoft's technology. The fund will make $50,000 to $100,000 investments in early startups through standard convertible notes that can be switched to equity at Microsoft's … [Read more...]
In the new age of tech and cyber security, James Bond might just as easily use a thumb drive over a license to kill. Classified technical details of a Indian Navy nuclear submarine have been stolen by Chinese hackers, thanks to malware infected USBs that were plugged into classified computers, the Indian Express recently reported. The naval … [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...]
Netflix subscribers streamed a massive 1 billion hours of video content in June, a record for the site, Netflix's CEO Reed Hastings announced on his Facebook page earlier this month. Hastings credited Ted Sarandos, the company's chief content officer, for the jump in streaming, and expects even larger demand with a number of in-house programs … [Read more...]
With one in four doctors on their platform, Practice Fusion has become the go-to company for electronic medical records. To further solidify their corner, the company just raised $34 million in a Series C round led by hedge fund Artis Ventures. The round values the company at close to $500 million, up from about $100 million on its last surge of … [Read more...]
He may be on house arrest, but Megaupload founder Kim Dotcom isn't spending his time eating Doritos watching Oprah. The owner of one of the world's largest file sharing sites before police intervened and shut it down on charges of piracy and copyright violation, Dotcom is now cooking up a new site, this time a legal cloud-based music service that … [Read more...]