I am not one to write about award recipients but I find it pretty awesome that the founders of Mo De, a mobile micro finance company from Kenya, won the IBM SmartCamp entrepreneur of the year award this week in New York. Julian Kyula and Josphat K. Kinyua started Mo De to fill a need that […]
Posted on February 9th, 2013 by admin
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AppDynamics has raised $50 million in a round lead by Institutional Venture Partners (IVP) for the expansion of its application performance monitoring service. The Series D round also included AppDynamics’ current investors: Greylock Partners, Kleiner Perkins Caufield & Byers, and Lightspeed Venture Partners. The company has now raised a total of $86.5 million and plans to […]
Posted on January 23rd, 2013 by admin
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“We could go public,” SurveyMonkey CEO Dave Goldberg says, “but the cost of going public — of running a public company — outweighs the benefits.” As the founder of LAUNCH Media, which he took public before selling to Yahoo! (where he stayed for six years), Goldberg is familiar with the IPO process and isn’t in […]
Posted on January 20th, 2013 by admin
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Same-day shipping became the big retailer craze this holiday season. Why? As the New York Times points out, retailers are living in fear of Amazon.com and trying to match what the online retailer offers. The fear factor — Wal-Mart once had a trance on retail. Now it’s Amazon.com. But it’s not just retail that has begun to show deeper […]
Posted on December 30th, 2012 by admin
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Catbird has received $2 million in funding from Medina Capita for its security technology for the ever abstracting virtual data center. It is the first investment for the fund — established by Manual Medina, the former chairman and CEO of data center company Terremark Worldwide. Catbird, formed in 2007, provides software that gets injected into VMware’s virtualization technology. […]
Posted on December 25th, 2012 by admin
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RIM’s latest move to shore up the remainder of its BlackBerry user base focuses on the enterprise segment. It’s announced a program to encourage businesses currently using BlackBerrys to start learning about the brave new world of BlackBerry 10: the next generation of its platform. BB10 is a complete OS reboot so the risk for RIM […]
Posted on December 10th, 2012 by admin
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Paypal co-fouder Peter Thiel, along with existing investors, has invested $49 million in Xero, the online accounting software for small businesses. It is Thiel’s third investment in Xero. Earlier this year, Thiel and existing investors put $16.6 million into the company. Thiel invested $3 million in New Zealand-founded Xero back in 2010. Thiel invested in this round through Valar […]
Posted on November 30th, 2012 by admin
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Dell is making a deeper investment in providing converged infrastructures to automate data center operations with the acquisition of Gale Technologies. As part of the purchase, Dell plans to create a separate business group focused on enterprise systems and solutions. Terms of the deal were not disclosed. Gale Technologies is a privately held company that […]
Posted on November 16th, 2012 by admin
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Data storage company Scale Computing, which provides clustered storage infrastructure for small and medium-sized companies, has closed a $12 million Series D funding round, led by Heron Capital Venture Fund. Reservoir Venture Partners also contributed to this round as a new investor, joining existing investors — including: Allos Ventures, CID Equity Capital, Spring Mill Venture Fund, Northgate Capital, […]
Posted on October 26th, 2012 by admin
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Just as much of a hit as the iPad has been in the consumer market, it’s also become a tool at the highest and widest reaches of business as well. Today Tim Cook said that almost every company in the Fortune 500 is testing iPads at the moment. “In the office the iPad is showing […]
Posted on October 23rd, 2012 by admin
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