Software & IT services

Startup ReelGenie closed USD 850,000 in seed funding. Maryland-based startup ReelGenie secured seed funds amounting to USD 850,000. The round was led by CNF Investments, the Maryland Venture Fund, Wharton School faculty members, and angel investors.

California-based GridGain Systems gets US $10 million in series B funding from Almaz Capital. GridGain Systems acquired US $10 million from a series B venture funding led by global venture capital firm Almaz Capital.

Lenovo PCs proved to be risky for intelligence and security networks across the world, reports said.

Two distinct reports from the IDC and Strategy Analytics suggested smaller firms absorbing the top two companies' market share.

Latest News

Mozilla released their open source operating system for the mobile called Firefox OS. Mozilla released their offering for the mobile smartphone industry with the Firefox OS.

There are currently four ways to advertise on Twitter. Like Facebook, Twitter was focused on in-stream ads and leveraged organic social activity in the social media site.

Amazon's hiring spree aimed to fill up more than 5,000 full-time jobs before Obama's visit on Tuesday.

The top four smartphone manufacturers were announced in the latest quarter report by the IDC. Global market share during the latest quarter decreased for Samsung amid reports of increased shipments of their products per year.

Despite posting strong results, Facebook was not able to carry Zynga's stocks due to massive player loss.

Yahoo managed to acquire 18 startups within the first half of the year while Google only bought 15. Tech titans Yahoo and Google have been acquiring startups in the past few weeks.

If Verizon stops offering two-year plans on their iPhone units, analysts believe that Apple will net more sales due to customer panic.

The mobile shift left mixed results for the search engine giant, Google. Internet industry observers saw consumers shift from using web to mobile devices in accessing the internet.

Zynga's profits were massively reduced due to an exodus of players, but CEO Don Mattrick remained optimistic.

According to an interview with game creator Lorne Lanning, Nintendo would last 100 years unlike Zynga or Microsoft.