According to analysts, banks are shifting to cloud computing since it could deliver innovation and cost cutback in banking.
Software & IT services
Tegile Systems secures USD 35 million in Series C round
Tegile Systems announced the successful closing of its Series C funding round with USD 35 million in a round led by Meritech Capital Partners.
InsideView raises USD 19 million from Split Rock Partners and existing partners
InsideView said it was able to secure USD 19 million in a round led by Split Rock Partners. Software service company InsideView announced that it closed USD 19 million in financing on Monday.
Blackberry sets up committee to look into strategic alternatives
Blackberry announced the creation of a committee to look into strategic alternatives like joint ventures, partnerships and sales to help revive the company.
The cost of NSA leaks on cloud computing
One of the first victims of the Snowden affair was the closure of secure email service provider Lavabit.
Latest News
According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.
Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.
The Wall Street Journal reported that Acer would retreat from using Windows and embrace the Android operating system for its mobile devices.
US District Judge Denise Cote is considering the possibility of restricting Apple from making contracts with publishers for five years.
The reported collaboration between BlackBerry and Silver Lake Partners could help each other grow their individual market share.
Philip Falcone's Harbinger Capital filed a lawsuit against Deere & Co and Global Positioning System companies for US$1.9 billion in damages.
The US Court of Appeals grilled Samsung over a patent case ruling that favored the South Korean company.
According to analysts, valuing BlackBerry right now is impossible considering the company's struggles.
The personal genomic and biotechnology corporation in the US would target people's DNA by selling their genetic information for US$99.
