Telecom Ltd purchases Revera Ltd for NZ$96.5 million. Telecom New Zealand Ltd announced last Monday that it is acquiring Revera Ltd, a privately owned IT infrastructure and data center based in Auckland, NZ.
Software & IT services
Shutterfly Buys MyPublisher
Shutterfly purchases and acquires MyPublisher. In an announcement calling the recent move as 'best in class', Shutterfly CEO Jeffrey Housenbold said that when MyPublisher is used with Shutterfly's cloud based system, the platform would 'set the standard for design, choice and quality in the personal publishing and social expression category.
Intel Acquires Aepona of Amadeus
Aepona bought out by Intel Aepona, a cloud-based network solutions company, has been acquired by Intel. Amadeus Capital Partners is the biggest venture financier of Aepona.
New Venture Capital Firm Established
Genesis Angels was established by Moshe Hogeg with former Israeli PM Ehud Olmert and Kazakh industrialist Kengers Rakishev.
Spansion Purchases Fujitsu Unit for US$110 million
Spansion pays US$110 million for the microcontroller unit of Fujitsu Electronics. Spansion Inc, a manufacturer of flash memory systems for electronic gadgets, has agreed to purchase the microcontroller operations of Fujitsu Ltd for US$110 million.
Latest News
Barron's the financial paper, has said that Dell shareholders still stand to earn from the Dell-Silver Lake leveraged buyout deal.
NEC's restructuring plan is underway as it receives loans from major banks and sells off quality assets to the market.
Dynamic Yield raises US$2 million in Series A funding. Dynamic Yield announced today that it was able to raise $2 million in its Series A funding round.
Atos is seeking for a minority investor for its electronic payments unit. Atos, a French computer services firm, has received informal bids from potential partners for its new electronic-payments unit.
Infosys, the paragon of market guidance, has now experienced the shock of falling share values because of failed earnings expectations.
The Silicon Valley Venture Capitalist Confidence Index rose from 2012, indicating improved market opportunities for the year.
Volometrix Concludes Series A Financing totalling US$3.3 million with US$1.6 million coming from Shasta Ventures.
GDC Technology to issue an IPO worth US$100 million in the United States, the biggest for a Chinese firm in the past two years.
Google purchases Wavii, a news summary app, to enhance its consumer news experience. Google Inc has announced the acquisition of Wavii, a start-up based out of Seattle that created a news summarization app for the price tag of US$30 million in cash.
