Adobe's recent acquisition, Neolane, would help the company attain US$1.19 billion earnings from digital marketing cloud.
Software & IT services
Wipro predicts rise in IT services demand for third quarter
Indian IT services provider Wipro predicts profit increase for the next quarter. Indian IT company Wipro announced its prediction for an upsurge of demand for its consulting and outsourcing services, following the 11% increase in quarterly profit due largely to a series of high-earning contracts.
LearnVest raises U$16 mln in latest financing round
LearnVest gets US $16 million in its latest financing round led by Accel Partners. Online financial management firm, LearnVest. com, revealed on Friday that it closed US $16.
Zynga shares drop after abandonment of real-money gaming
Social games provider Zynga Inc loses investors and revenue after announcing abandonment of real-money gambling plans.
CORRECTION: Oracle expects US$38.87 billion in revenues for fiscal year 2014
Oracle signed a nine-year deal with Salesforce to boost its efforts on cloud computing and hardware enterprise.
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Oracle signed a contract with Microsoft to permit Java developers to make applications on Microsoft's servers.
EquaMetrics Inc. secured US $2 million in seed funding, bringing its total capital to US $4.5 million.
IT company Catbird gets additional US $10 million investment from Medina Capital. Catbird, an IT company that develops security solutions software for cloud data centers, said it closed another US $10 million in investment from Medina Capital.
Tyco International Inc. has acquired Exacq Technologies Inc., a portfolio firm of CID Capital Venture Partners.
China's sovereign wealth fund, CIC, is reported to be in talks with Alibaba Group. The People's Daily, China's official newspaper, reported that China Investment Corp.
Analysts suggested that BlackBerry would be able to attain its former glory if it would go back to the enterprise market.
BlackBerry laid off 250 employees after firing 5,000 people last year due to weak earnings. BlackBerry, a currently troubled smartphone producer, fired 250 employees from its product-testing facility in Waterloo, Ontario.
Carlos Slim Helu invested US$40 million in a mobile audio app company to compete against Apple's Siri and Google voice search.
The global tablet market share of iPad fell to its all-time all. On Thursday, the market research firm TrendForce reported a data that showed the global tablet market share of iPad declined to its lowest point in history.
