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- Emotive raises USD6.25m and acquires Sennari Enterainment
- US-based mobile applications developer Emotive Communications is raising USD6.25m in a Series B funding round led by the Mayfield Fund. Other investors include D E Shaw Ventures and Bertelsmann Digital Media. Additionally, Emotive is also acquiring mobile games developer Sennari Entertainment for an undisclosed sum. by Ranil Pilimatalawa
- Articles 2008-12-10
- RideCharge raises USD5m for online taxi-booking
- Virginia-based RideCharge has raised USD4.6m in a Series B funding round led by corporate expense management firm, Concur. The company provides electronic booking, payment and expense management services for taxis across the US. by Ranil Pilimatalawa
- Articles 2009-02-19
- Fujitsu buys Telstra’s IT unit
- Japan’s Fujitsu is paying AUD200m (USD126m) to acquire Kaz, the IT unit of Australian communications and media company, Telstra. The deal, which is subject to regulatory approvals, will make Fujitsu the third largest IT firm in Australia. Telstra paid AUD333m...
- Articles 2009-03-02
- VeriVue raises USD40m for video streaming
- Massachusetts-based VeriVue has raised USD40m in a Series B funding round led by Comcast Interactive Capital. Other investors include Accel Partners, Arris, North Bridge Venture Partners, Matrix Partners and Spark Capital. VeriVue helps companies stream video to a range of...
- Articles 2009-03-05
- Social bookmarking firm Diigo acquires Furl
- Nevada-based Diigo is paying an undisclosed sum to acquire fellow social bookmarking developer Furl. LookSmart, which acquired Furl in 2004, will receive an equity stake in Diigo in return. by Ranil Pilimatalawa
- Articles 2009-03-10
- Veracode raises USD5m for application security
- Massachusetts-based Veracode has raised USD5m of a USD10m third funding round, according to peHUB. Investors include .406 Ventures, Polaris Venture Partners, Macrovision and Symantec. The company develops software for testing application security. by Ranil Pilimatalawa
- Articles 2009-03-10
- German group gets USD28m to develop batteries
- A consortium led by BASF Future Business BASF FB is receiving EUR21m (USD27.8m) from the German Ministry of Education and Research BMBF to develop lithium-ion batteries for use in plug-in hybrid-electric vehicles. The HE-Lion consortium consists of 18 members, including Freudenberg Viliesstoffe, SGL Carbon, Fraunhofer Institute Itzehoe, Gaia, Bosch...
- Articles 2009-03-31
- CoolIT buys Delphi’s liquid cooling assets
- Canada-based CoolIT Systems is paying an undisclosed sum to acquire the liquid cooling assets of Delphi Corporation. The assets include intellectual property, machinery and equipment. CoolIT develops liquid-cooling systems for computers and claims its technology is more energy efficient than comparable air-cooling systems. As part of the deal, the...
- Articles 2009-04-27
- Streamezzo raises USD5.4m for mobile apps
- Paris-based Streamezzo has raised EUR4m (USD5.4m) in a funding round led by Innovacom. Existing investors Sofinnova Partners, Sofinnova Ventures, Qualcomm, NTEC and GET Valorisation also participated. The firm provides an open development platform for applications running on mobile operating systems including Android, BlackBerry, iPhone, Symbian and Linux. Streamezzo will...
- Articles 2009-05-14
- Iberdrola offloads 10% stake in Gamesa
- Spanish energy firm Iberdrola has sold a 10% stake in wind turbine manufacturer Gamesa Corporacion Tecnologica for EUR392m (USD560m). Morgan Stanley carried out the transaction and is also taking a 4.91% stake in Gamesa, according to Reuters. Iberdrola, which realised a capital gain of EUR112m (USD160m) through the sale,...
- Articles 2009-06-02
- E.ON picks engineering firms for CCS project
- Energy firm E.ON UK has picked Mitsubishi Heavy Industries MHI and Foster Wheeler Energy to lead development and engineering of a carbon capture and storage CCS project at its proposed Kingsnorth coal-fired power plant in Kent, England. The firm is not disclosing financial details of the project. The deal...
- Articles 2009-06-22
- School search engine CampusExplorer raises USD2m
- California-based CampusExplorer has raised USD2.25m in a second funding round led by OCA Ventures. Other investors include Origin Ventures and Rincon Venture Partners. The company operates an online education search portal targeting students, guidance counsellors and admissions officers. by Ranil Pilimatalawa
- Articles 2009-02-18
- Spielberg and EA in new games deal
- Electronic Arts is partnering with director Steven Spielberg to develop Boom Blox Bash Party, a sequel to last year’s Boom Blox. Having teamed up for the first game, the pair plan to expand the multiplayer experience and online features. by Ranil Pilimatalawa
- Articles 2009-01-29
- Salt River gets demand response from EnerNOC
- Energy management service provider, EnerNOC will provide US utility, Salt River Project SRP with up to 50MW of demand response capacity. The three-year contract will commence this summer, with SRP able to extend the service for a further three years. EnerNOC will install its technology for commercial, institutional and...
- Articles 2009-01-08
- Ford partners with Magna to build EV by 2011
- Ford Motor Company is partnering with Canadian parts supplier Magna International to develop an all-electric vehicle EV. Talking at the Detroit auto show, Ford’s chief of global product development, Derrick Kuzak says that the model will be comparable to the Focus, and will use lithium-ion batteries capable of traveling...
- Articles 2009-01-13
- Darby invests in Korean wind energy
- US-based private equity firm Darby Overseas Investments has paid an undisclosed sum to acquire a 32.4% stake in Gangwon Wind Power. The company owns and operates the country’s largest wind farm. The investment was made through Darby’s Korea Emerging Infrastructure Fund, which is jointly manages with Korean financial firm...
- Articles 2009-01-14
- LG to supply batteries for GM’s Volt
- South Korea’s LG Chem will supply lithium-ion batteries to General Motors GM for its plug-in hybrid electric vehicle PHEV, the Chevrolet Volt. Under the five-year deal, LG will manufacture the battery cells at its Korean facility and GM will assemble them at a plant to be constructed in Michigan....
- Articles 2009-01-15
- EA considers Glu Mobile acquisition
- Electronic Arts EA is considering a bid for US-based mobile games publisher Glu Mobile, according to Seeking Alpha. The article suggests that Glu’s Chinese subsidiary MIG Entertainment would be attractive to EA as it seeks to expand its presence in the Asian market. Indian mobile games publisher Jump Games...
- Articles 2009-01-15
- Blockbuster teams up with Sonic Solutions for online film distribution
- US-based DVD rental company Blockbuster is partnering with Sonic Solutions to offer films on variety of mediums, including computers, portable media players and set-top boxes. This will be done using Sonic Solutions’ technology which enables media to be streamed or downloaded on a range of consumer electronic devices. Blockbuster...
- Articles 2009-01-15
- Water treatment firm WaterHealth raises USD10m
- California-based water treatment firm WaterHealth has raised USD10m in a Series D funding round led by existing investors, Dow Venture Capital and Sail Venture Partners. The company hopes to raise a further USD10m in March. WaterHealth’s technology involves the use...
- Articles 2009-01-16
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