Software & IT services
UK regulator to prosecute Olympus over Gyrus acquisition accounting fraud
Japanese camera and endoscope maker Olympus Corp. would be prosecuted by UK's Serious Fraud Office for providing "misleading, false or deceptive" information in its Gyrus Group's financial accounts dating fiscal years 2009 and 2010.
Series B financing for Loggly nets USD10.5 million
New and old investors came together for the series B financing for Loggly. The most popular cloud based log managemet system, Loggly, had received USD10.
Electric Cloud receives USD8 million in series B financing
Siemens Venture Capital spearheaded the latest series B financing round for Electric Cloud. One of the top firms providing Software Delivery Acceleration solutions recently announced the receipt of USD8 million in investments for its DevOps brand.
Nokia's stronghold on patents offers potential revenue after Microsoft deal
Nokia could boost its royalties as the Finnish phone maker gripped on its valuable patent portfolio.