Articles by Nicel Jane Avellana


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UK-based generalist investor Beringea has made a £3 million investment in anti-microbial curtains and blinds maker Disposable Curtains Limited which does business under the name All in One Medical.
St. James's Place Chief Executive Officer David Bellamy said they are nearing the purchase of Asia-based Henley Group, an advisory business with £400 million under management, Reuters reported.
BlackBerry Ltd plans to offer its enterprise clients with a unifying tool called BlackBerry Enterprise Service 12 as part of its drive to strengthen its core enterprise business, Reuters reported.
As part of its expansion, the "going out" app YPlan will be expanding to San Francisco, California. It also has entered into an exclusive ticketing partnership with Noise Music Festival and will be unveiling a new feature, VentureBeat reported.
Cybersecurity startup CounterTack based in Waltham, Massachusetts closed its Series B funding round with an additional $3 million to bring the financing total to $15 million.
Google Chairman Eric Schmidt said he will be putting money where his mouth is and donating $1 million to companies that will use technology to find solutions to global problems, TechCrunch reported.
Athenahealth Inc is rolling out an accelerator program to encourage more entrepreneurship among healthcare IT companies and help the company add to its services, Venture Capital Dispatch reported.
Dropbox has obtained an added $350 million in a Series C funding round from its existing investors and major mutual funds, TechCrunch reported citing a filing with the US Sec and a source who confirmed the fundraising.
HackerEarth, an India-based platform that matches programmers with startups looking for technical talent, received a $500,000 from Angelprime for its seed funding round, TechCrunch reported.
A $10.8 million product development grant was awarded to Houston-based DNAtrix Inc by the Cancer Prevention and Research Institute of Texas or CPRIT to fund its glioblastoma clinical stage program.
After years of putting young firms at the backseat, more corporations are now financing early stage startups in the technology space through accelerator programs, TechCrunch reported.
Android still remains at the top for smartphone sales, getting 70% of sales in the last three months that ended January. However, the real war is among Android makers, TechCrunch reported citing data from Kantar.
Nine new hardware partners for its Windows Phone were introduced by officials of technology giant Microsoft at the Mobile World Congress in Barcelona, VentureBeat reported.
Entrepreneur Steve Perlman finally unveiled the wireless technology his self-funded startup Artemis Networks has been working on for the past ten years. It's called pCell, VentureBeat reported.
Alternative lenders are filling in the shoes of commercial banks in Europe that have reduced lending, allowing small firms to still raise funds, Bloomberg reported.
Mt. Gox Chief Executive Officer Mark Karpelès has resigned as a board member from the Bitcoin Foundation, according to a source interviewed by The WSJ and confirmed by the foundation with a statement on its website.
Investors of large consumer food companies want them to take bolder action than just merely cutting costs as their smaller competitors take on risks and increase market share, Reuters reported.
IBM is going to further enhance its cloud services platform with a $1 billion investment until next year to lure more clients to SoftLayer Technologies Inc in its efforts to improve sales that have declined for the past seven quarters, Bloomberg reported.
Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.
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.
The potential use of big data by insurance firms to create a profile of possible policyholders carries with it advantages and drawbacks, the Financial Times reported.
Balderton Capital led the seed investment round for London-based carwow, an online website for those who want to buy new cars. Episode 1 Ventures, Samos Investments and angel investors also joined in the round.
Southern Cross Venture Partners was the lead investor for the Series A funding round for Waltham, Massachusetts-based mobile content startup bigtincan which raised $5 million.
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.
In the SwitchPitch event in Miami, it's not the startups that went to the stage to make the pitch to investors. Rather, it's the big firms that did the pitching, the Miami Herald reported.
Social media giant Facebook has made an important change on how to treat the memorialized account of a Facebook user who has already passed away, PCWorld reported.
The iPad-based application ZWare Mobile for the mobile technicians of The Dwyer Group franchisees was completed by Servant Systems Inc, a Microsoft Partner Network member.
Koos Bekker, the Chief Executive Officer of South Africa-based e-commerce and media giant Naspers Ltd, will be stepping down on April. He will be replaced by Bob van Dijk, Reuters reported.
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