Top Stories

Turkey’s hackers to continue disruption despite lifting of Twitter ban

twitter-turkey.ec

Turkey's hacking community will continue its quest of online disruption despite the country's constitutional court lifting a controversial ban on Twitter. The embargo was deemed unlawful on April 3 but a block on video-sharing site YouTube remains. RedHack, an Anonymous-affiliated group, tells Red Herring that its online protest will continue to … [Read more...]

Red Herring CEO Alex Vieux tells Europe: Go West

IMG_4406

Alex Vieux, founder and CEO of Red Herring, has urged European entrepreneurs to seek investment and clients outside the continent - while praising the resilience of the European tech industry. Vieux, speaking at the Red Herring Top 100 Europe event in Amsterdam, said that the continent is "at an inflection point," citing an increased amount of … [Read more...]

Revolutionary E-Governance helps Moldova beat corruption as Russia threat looms

modova

Moldova, a tiny state bordering Ukraine, is crippled by corruption and emigration. Some have even suggested that its weaknesses leave it exposed to a possible annexation by Russia, as Vladimir Putin consolidates control over nearby Crimea. The breakaway Moldovan state of Transnistria has already called on Moscow to annex it. NATO's supreme allied … [Read more...]

RentPath picks up Lovely – Investment Round Up

Money Sign

Series A Cloud application and mobile device compliance company Sookasa has debuted from stealth, deployed Sookasa Cloud Compliance Service, and raised a Series A funding round. Reports put the investment at $5 million. Accel Partners led the round, which saw contributions from existing seed investors; among them: First Round Capital, SV Angel and … [Read more...]

Apple, Samsung head for another day in court

apple-vs-samsung

This week, two tech titans will clash once again in court. Samsung will fight claims it owes Apple approximately $2 billion in damages, while the Cupertino giant will argue the Galaxy manufacturer copied some of Apple’s patented features to make its products. “Samsung...has systematically copied Apple’s innovative technology and products, features … [Read more...]

Cool Planet Energy Systems raises $100m – Investment Round Up

Money Sign

Series A Mobile games developer Industrial Toys has secured $5 million in a Series A round. Accel Partners led the round. According to a press release, the Pasadena-based company is announcing the debut of its flagship title, Midnight Star, into beta this coming summer. Gartner reports revenues for the mobile games industry will swell to $22 … [Read more...]

Did Facebook Pay Too Much of WhatsApp, or What’s Really Behind Free Software…..

whatsapp

By Umang Gupta, Retired Chairman & CEO Keynote Systems Lately, I’ve met with a lot of young software entrepreneurs that want my advice about their new product or business idea. When I ask them what their sustainable advantage is over the competition, they invariably point to their innovative technology, their first-to-market status and their … [Read more...]

OneRoofEnergy secures more than $30m in funding – Investment Round Up

Money Sign

Series A Payward, Inc.’s Kraken division — an exchange for digital currencies such as Dogecoin and Bitcoin — has received $5 million in Series A funding. The round was led by Hummingbird Ventures. Among its other backers: Barry Silbert’s Bitcoin Opportunity Fund and angel Trace Mayer. Kraken provides an intersection point for foreign exchange … [Read more...]

Yelp’s YP partnership continues alliance trend

yelp

Yelp, the search platform best known for turning up restaurants and reviews, has partnered with YP to upgrade its offering. The mutually beneficial deal provides YP’s advertisers a wider audience, and Yelp extra content. Yelp’s strategic move marks its second major tie-up in as many months. This past February, the San Francisco company teamed with … [Read more...]

Symantec shakeup sees CEO sacked

symantec

Mountain View information protection giant Symantec has given its chief executive officer, Steve Bennett, the boot. Board member Michael Brown will take over immediately as interim president and CEO while Symantec, which produces Norton Antivirus, seeks out a new leader. After less than two years on the job, Bennett has been terminated from … [Read more...]