Software & IT services

Verizon CEO showed interest in Yahoo acquisition

It was confirmed by Verizon CEO Lowell McAdam that Verizon is interested in acquiring Yahoo. The Internet search company had difficult times in the past years as many other companies had their market share in the online and mobile business. This promts Yahoo to reconstruct its business including cutting jobs.


After robust phase, venture capital heads to pre-recession level

Venture capital (VC) funding activity seems to be heading towards pre-recessionary mark. The VC activity recorded robust growth phase for over seven years. The sluggish financial markets are discouraging VC funding and raising money.

Apple Plans To Transform iPhone Apps To Android Compatible Versions Aiming To Boost Revenue

Apple has tasted the sweet of transforming iPhone apps to Android compatible versions through Apple Music in 2015. In addition to introduce versatile range of products, Apple CEO has announced the future plan in a company wide meeting. Analysts have presumed that Apple is considering every feasible mean to boost up revenue earnings.

Linkedin Q4 2015 Earning is Above Expectations, But Stocks Drop 30%

LinkedIn on Thursday reported its fourth quarter earnings in 2015. The number is better than analyst expectation, but its stock dropped to 30% because of weaker earnings guidance that analyst forecasted.


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Google, for the first time, has disclosed financials on earnings, expenditure, asset value and future business planning. From the financials, analysts have found lot of scopes for Google and its parent company, Alphabet to expand. Google’s ad earnings have been witnessed to rise significantly during the year 2015. Meanwhile, it has spent only $3.6 billion in its ambitious technology projects during the same period. The net earning of Alphabet has been reached to $4.9 billion. Adding this earning to the net asset value, Alphabet has been recognized as the worlds most worthy enterprise.
Swiftkey, the popular predictive typing app for smartphone, has been reported to be bought by Microsoft for nearly $250 million. Microsoft is said to have a bigger plan with the app, going further than just expanding on more than iOS and Android devices.
NetApp has completed its acquisition of SolidFire which is a scale-out flash array maker. Now customers have an advantage to meet their needs for data services by accessing industry's broadest all-flash portfolio.
Xerox Corporation will be split into two separate business entities for hardware and services businesses. It's learnt that activist investor Carl Icahn will get multiple positions on the boards of the two companies including three on the board of services company. Xerox's fourth quarter numbers are expected to be released on Friday and an official statement about division may also be announced simultaneously.
After a massive loss of $4.3 billion in Q4, Yahoo will struggle much more to return to profitability. The Internet company decided to cut its employment by 15%, close some offices and explore strategic alternatives.
The shutting down of Parse, a startup for developers that have been bought by Facebook in 2013, has received many protests from its users. Many small developers are disappointed and consider that Facebook cannot be trusted as a platform to support them.
Provider of drivers' digital media, CarGlass Inc received a $3 million seed funding from two investors. The company focuses on providing digital media content to drivers safely and intelligently.
21 people were arrested by the Chinese police on account of a huge online financial scam. The P2P online lender Ezubao had almost pulled off the biggest scam in wealth management product industry, with almost 900,000 investors losing around $7.6 billion (50 billion yuan).
Accomplice and two other investors provide seed funding to Lexumo. The company provides a unique platform to continuously check the security of every open source code available in the world.
Google has set a milestone in the field of artificial technology, with its latest innovation AlphaGo. The program has been designed to tackle the 10 to the power of 700 variations that the ancient Chinese game of Go offers. Additionally, they beat FaceBook in this race, as Zuckerberg had announced the launch of a similar program called Darkforest around the same time.
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