Adobe rebranded its animation tool Flash Professional as Animate CC. The name-change reflects the shifts in the tool's concept and focus. Animate CC still supports the older formats but is expanded to enable users to save and share their content in newer other formats, including 4+K video and SVG. Animate CC will also support CreativeSync, enabling users to directly share their works with other Adobe users.
Software & IT services
Chinese consortium approaches Opera with an offer of $1.2 billion
Opera Software, widely known for browsers, has been offered $1.2 billion to sell its 100% stake to a Chinese consortium. The buyers are awaiting a nod from the shareholders who are almost sold on the tempting offer that reflects a win-win situation for both parties.
Aplos Scored $4 Million Funding from San Joaquin Capital
Aplos, software company that build software for churches and nonprofit organizations received a $4 million in Series A funding from San Joaquin Capital. The firm believes that Aplos has untapped market and strong position to grow.
Sonos Officially Announced Adding Apple Music Streaming Service to Its System
After launching the public beta version in December, owners of Sonos system will now be able to enjoy Apple music service. The features will be available starting Wednesday morning.
Company Acquisition: Microsoft Acquired Music Player App By The Name "Groove"
Months after rebranding Xbox Music and relaunched it by the name Groove, Microsoft acquired a music player app that goes by the same name. The Montreal-based startup agreed to sell the name and technology to Microsoft, but the details are disclosed by both companies.
Latest News
Parker Conrad, co-founder and CEO of Zenefits steps down from his post as the company is under lots of pressure to meet its revenue projection. Besides that, the company also is under investigation for breaking few insurance regulations in at least seven different states.
The suspected Pakistani hackers have allegedly taken down the official website of Indian Revenue Service (IRS). The website of Income-Tax (I-T) Department, a part of IRS, was down on early Saturday (6 February) and the site is still offline.
Google CEO Sundar Pinchai received his first equity award granted by Google's parent company, Alphabet, Inc. The $199 million amount was one of the biggest ever given by a U.S. company, making him one of the world's highest-paid executives. Besides Mr. Pinchai, other executives, including Diane Greene and Ruth Porat also received the award worth $42.8 million and $38.8 million respectively.
India’s internet regulator, the TRAI, had officially banned Facebook’s Free Basics program. The program has been banned for a few months now, but TRAI has been willing to reevaluate the terms until it came up with the decision that the program would not be allowed in the country. The Free Basics program was banned due to concerns over internet neutrality.
An MIT research team has introduced a new computer chip, Eyeriss, that will allow IoT devices to go through deep learning process. Data collected by the devices, is currently uploaded to the internet for processing by power servers. Eyeriss chip processes the collected data locally using the neural technology and thus ensures data security and reduces power consumption.
GitHub is experiencing a huge inner havoc as many executives flee from the company. Chris Wanstrath has been overhauling the firm's culture backed by its board.
Private equity firm Silver Lake will invest $500 million in cyber security company, Symantec. The money from the investment will be used by the company to buy back shares and issue a $4 dividend to shareholders.
Android users can experience the new system update since 2015. Some remarkable new features include security improvement, performance management, user interface, storage improvement, and support to new innovations including the Type-C USB.
Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watch thousands of original short and long, inexpensive indie films that can be compared to expensive Hollywood movies.
