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.


Latest News

Security solutions firm KeyLemon receives funds through Series A investment. One of the leading service providers of face and speaker recognition speaker solutions for security and authentication purposes, KeyLemon, announced the close of a Series A investment.
According to an investigative report by the Huffington Post, Microsoft Corp would be dipping into its USD60 billion offshore holdings to finance its Nokia handset business acquisition in cash.
Nearly USD50 million was received by Lithium Technologies in its latest funding round. One of the developers of social-networking software solutions for firms, Lithium Technologies Inc, announced the raising of USD50 million during a funding round.
Lithium Technologies announced today that it had raised USD50 million in mezzanine financing. Lithium Technologies is the leader in Social Customer Experience.
According to Michael Dell, three proxy firms had recommended shareholders to vote for the founder's offer to take the computer maker private.
The announcement of Nokia selling its handset unit to Microsoft Corp. had left hedge funds rushing to unwind their bets, leaving the Finnish company to score a record gain per day.
In an announcement, Actix was acquired by Amdocs for a purchase price of USD120 million. One of the leading providers for customer experience services and systems announced its entry into an agreement to purchase privately held Actix for the price of USD120 million in cash.
Microsoft said it would be buying the handset business of Finnish company Nokia for EUR5.44 billion or USD7.2 billion, with Nokia CEO Elop and other senior executives transferring to the American multinational software firm.
Semiconductor IP supplier ARM announced today that it had signed a definitive agreement to acquire Cadence's PANTA from Cadence Design Systems.
UK task marketplace Sooqini announced USD500000 in seed funding from Lars Toft Larsen and Paolo Rubatto.
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