Singapore-based business consortium DDB Group Asia Pacific acquired Bangalore, India-based digital marketing firm 22feet for an undisclosed amount in a bid to be the leader in the development of India's digital marketing solutions industry.
Deals
Cisco invests $6M in Badia Impact Fund to support startups in Jordan
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
American music publisher Reservoir Media picks up catalogue of First State Media
New York City, US-based music publisher Reservoir Media Management picked up the music catalogue of Ireland-based First State Media Group for an undisclosed amount to increase its list to 75,000 songs.
Silverado Power merges with independent power producer Sustainable Power Group
The merger between Silverado Power and Sustainable Power Group or sPower, an independent power producer majority owned by private investment firm Fir Tree Partners, has finally been completed, with the newly-created firm to be called sPower.
California-based Good Technology announces purchase of Boxtone
Sunnyvale, US-based mobile security solutions provider Good Technology announced its purchase of Columbia, Maryland-based enterprise mobility management software maker Boxtone for an undisclosed amount to boost security in joint products and widen its client base.
Latest News
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.
Africa is already in the radar of large American technology corporations and venture capitalists as IBM, Microsoft and Intel Capital make bets on startups in the continent, TechCrunch reported.
Dawn Capital led the Series C funding round for software firm eCommera which raised $41 million. Other investors in the round were ePlanet Capital, Westcoast Capital, WPP and WTI, TechCrunch reported.
Barnes & Noble Inc secured a conditional acquisition offer of $22 per share from investment management firm G Asset Management, the Los Angeles Times reported.
Educational technology company 2U has filed for an initial public offering with the US Securities and Exchange Commission to raise up to $100 million, Reuters reported.
Saratoga, California-based Internet TV device maker Roku Inc is studying the possibility of holding an initial public offering this year, according to sources interviewed by Bloomberg.
Navigator Campus is going to be the first private technology park dedicated to hardware to be launched in Russia. It will focus on projects like wearables, 3-D printing and consumer robotics.
Berlin, Germany-based solar energy startup Changers closed $1.5 million in a Series A funding round led by state-backed fund BFB Frühphasenfonds Brandenburg to turn solar power creation into a rewarding game.
Tech giant Apple added app testing platform maker Burstly, owner of mobile app testing tool TestFlight, for an undisclosed amount, according to sources.
