Denver, Colorado-based online market research firm GutCheck secured $4 million in a funding round led by Icon Venture Partners to test out the potential of different business ideas.
Consulting
Japan's Outsourcing Inc invests $5M in India's Alp Consulting
Tokyo, Japan-based staffing firm Outsourcing Inc invested $5 million (INR30 crore) for a majority stake in Bangalore, India-based search and staffing company Alp Consulting Ltd to gain access to the Indian market.
India's Quest Global bought American engineering firm Beeken
Bangalore, India-based outsourced engineering solutions provider Quest Global Engineering added Houston, US-based engineering firm Beeken TechQuest for an undisclosed sum to meet the engineering workforce demand in the oil & gas industry.
Activist investor CtW Investment Group urges overhaul of Skechers board
CtW Investment Group has called for a revamp of the all-male Board of Directors of the Skechers USA Inc in order to prevent potential missteps, Reuters reported.
US-based firm PressFriendly builds virtual PR agency for startups
American software company PressFriendly built a platform that works like a virtual PR team for startups and orient them on what they should do before sending a sales pitch to potential customers.
Latest News
India's private equity industry is growing and fund managers are getting seasoned industry veterans to help manage their portfolios and add more value to their investments, The Financial Express reported.
Mercom Capital Group data revealed that venture capital funding for firms in the wind energy industry increased 44.4% to 455 million around the world last year, the Business Started reported.
Johannesburg, South Africa-based independent retirement fund administrator Alexander Forbes Ltd sold its 60% holding in Lane Clark & Peacock's Swiss unit for an undisclosed sum last year, ahead of a 2014 initial public offering (IPO).
A report on Pensions & Investments said 2014 is set to be a very busy year for hedge fund launches because of factors like having experienced teams gearing to form their own companies and having available seed money, among others.
Al Glowasky, a veteran investment banker with more than 30 years of investment banking experience in his belt, will be joining Performance Trust Capital Partners as Managing Director in the West Coast region
BlackRock will be ending its worldwide analyst survey program as part of its agreement with the office of the New York Attorney General, Reuters reported.
Northwestern Mutual Life Insurance Co. is reportedly looking to sell its asset management business Russell Investments, citing that it is not a core part of its business. Russell Investments has $247 billion in assets under management.
Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.
Israeli startup OneHour Translation raised $10 million from venture capital firm Fortissimo Capital for its Series A funding round. Proceeds will be used to continue with the firm's international growth.
