Oracle this morning announced that it has acquired RightNow – both companies are listed on NASDAQ – for $43 per share or roughly $1.5 billion net of RightNow’s cash and debt. With the acquisition, Oracle is adding a robust cloud-based customer service offering (see graph below) to its own Public Cloud solution – more info […]
Posted on November 4th, 2011 by admin
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DragonWave this morning announced plans to acquire Nokia Siemens Networks’ microwave transport business, including its associated operational support systems and related support functions. The move turns DragonWave into a strategic supplier of packet microwave and related products to Nokia Siemens Networks, and the companies state they will “jointly coordinate technology development activities”. DragonWave and NSN […]
Posted on November 4th, 2011 by admin
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Coraid, a developer of Ethernet SAN storage solutions, this morning announced that it has closed a sizable $50 million series C round led by Crosslink Capital. Coraid’s existing investors Menlo Ventures, Allegis Capital, Azure Capital Partners and affiliates of Silver Lake all participated in the round, as well as new investors including Seagate Technology and […]
Posted on November 3rd, 2011 by admin
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Hewlett-Packard has announced that former Verizon Wireless SVP and CIO John Hinshaw has agreed to join the company to serve as its executive vice president of Global Technology and Business Processes, a newly created position. Hinshaw most recently worked at The Boeing Company, where he was vice president and general manager of Boeing Information Solutions. […]
Posted on November 3rd, 2011 by admin
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Workers of the world, get ready to meet your robot supervisors. A new service called Humanoid wants to turn you into a “robot-supervised army” that it will rent out for $5 an hour. It already has 20,000 workers lined up for today’s launch. Humanoid comes out of a startup called Speakertext, which uses a mixture […]
Posted on November 2nd, 2011 by admin
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As Erick wrote last week, SecondMarket, the marketplace for alternative investments, has been seeing quite a bit of activity of late. In fact, SecondMarket’s private stock transactions in the first three quarters of 2011 totaled $435 million, a 73 percent increase over the same period last year. SecondMarket lays out all these stats and more […]
Posted on November 2nd, 2011 by admin
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In a high-profile departure, Tyler Lessard quit his job as VP of BlackBerry Global Alliances & Developer Relations at Research in Motion (RIM) at the end of last month. He worked at RIM, a sinking ship, for over a decade. He’s now landed at mobile risk management company Fixmo, the company announced this morning, following […]
Posted on November 1st, 2011 by admin
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From Russia with love: two Moscow-based investment firms have led a $17 million funding round for B2B social networking and e-invoicing company Tradeshift, valuing the company at $137 million according to a press statement distributed earlier this morning. The investors are ru-Net and Kite Ventures, with earlier backer Notion Capital also participating. Read the rest […]
Posted on November 1st, 2011 by admin
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Enterprise relationship management startup Datahug has scored $1.5 million in a seed funding round led by Ireland-based Oyster Technology Investments, with Silicon Valley super angel investor Ron Conway chipping in. To learn more about its product, check out my earlier post: DataHug Aims To Map Digital Business Relationships. The company last year won the Dublin […]
Posted on November 1st, 2011 by admin
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