Leading event technology and audiovisual firm PSAV has been acquired by private equity firms Olympus Partners and Goldman Sachs. Financial details of the deal were not provided.
Technology Equipment
UK-based phone recycling firm Redeem acquires rival Eazyfone
Bathgate, West Lothian-based mobile phone recycling company Redeem Holdings acquired Macclesfield, Chesire-based rival Eazyfone for an undisclosed amount to enhance its processing capability and increase its annual takeover.
3D Printing and Technology Fund portents how 3D printing industry is going mainstream
The 3D Printing and Technology Fund, the first mutual fund focused on 3D printing and technology, is another manifestation that the industry has gone mainstream, VentureBeat reported.
Ventureast invests $3M in Indian medical device startup OneBreath
Ventureast Tenet Fund, together with angel investors, invested $3 million for the expansion of Bangalore, India-based medical device maker OneBreath into India, Eastern Europe, and Africa.
US crowdfunding site Dragon Innovation incorporates seed funding in campaigns
Massachusetts, US-based crowdfunding platform Dragon Innovation will start offering another $100,000 in seed funding to any project that can raise a minimum of $1 million in its campaign.
Latest News
Ericsson and Samsung Electronics have come to a new licensing pact for wireless technology, putting an end to the patent war between the two firms, Bloomberg reported.
Samsung, the world's biggest cellphone maker, inked a 10-year patent agreement covering all present and future technology patents with Google, the maker of Android operating system.
The laptops that were stolen from Coca-Cola's headquarters in Atlanta held personal information like names and Social Security numbers of up to 74,000 people, a report from The Wall Street Journal said.
Chicago, US-based startup WebCurfew created a device that helps parents monitor and control their children's online usage through an on/off switch for individual devices from their home's router.
In a bid to match Silicon Valley's success, the European Commission (EC) launched the Startup Europe Partnership tech startup accelerator and the European Digital Forum think tank at the World Economic Forum in Davos.
California, US-based education center and accelerator Singularity Universtity (SU) will launch a $50-million venture fund later this year for robotics, biotech, and nanotech firms formedy by SU students and faculty.
Although there are worries about the shortfall of funding for the venture capital industry, venture capitalists are optimistic that this will continue to be a good year for firms looking to raise money, the U-T San Diego news site reported.
Cork, Ireland-based product development services provider PCH International acquired Toronto, Canada-based e-commerce platform ShopLocket for an undisclosed amount to provide development solutions for hardware startups.
Parents think their children actually learn more from watching television than using education apps on their mobile gadgets, according to data gathered by New York-based research firm The Joan Ganz Cooney Center.
