Dawn Capital led the Series C funding round for software firm eCommera which raised $41 million. Other investors in the round were ePlanet Capital, Westcoast Capital, WPP and WTI, TechCrunch reported.
Software & IT services
IBM beefs up investment in cloud services to get more customers on board
IBM is going to further enhance its cloud services platform with a $1 billion investment until next year to lure more clients to SoftLayer Technologies Inc in its efforts to improve sales that have declined for the past seven quarters, Bloomberg reported.
California-based Cloud Foundry to boost popularity by launching open source foundation
San Mateo, US-based open platform as a service Cloud Foundry is about to become more popular by launching the Cloud Foundry Foundation, which will help servers deploy software apps of developers under an open-source Apache license.
Sina hires Goldman Sachs and Credit Suisse for Weibo's New York IPO
Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
Cisco invests $6M in Badia Impact Fund to support startups in Jordan
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
Latest News
In the SwitchPitch event in Miami, it's not the startups that went to the stage to make the pitch to investors. Rather, it's the big firms that did the pitching, the Miami Herald reported.
The iPad-based application ZWare Mobile for the mobile technicians of The Dwyer Group franchisees was completed by Servant Systems Inc, a Microsoft Partner Network member.
The top smartphone makers in the world, Apple Inc and Samsung Electronics, failed to reach a settlement agreement on their smartphone technology dispute in a meeting with a mediator in the first week of February, Bloomberg reported.
A major vulnerability found in Apple Inc's software for mobile devices could give the power to hackers to access encrypted communications like email, Reuters reported.
Educational technology company 2U has filed for an initial public offering with the US Securities and Exchange Commission to raise up to $100 million, Reuters reported.
Microsoft is going to give a 70% discount to manufacturers to license Windows 8.1 in their low-cost computers and tablets, according to sources interviewed by Bloomberg.
San Francisco, US-based real estate online marketplace Trulia released new photo-focused iPhone and Android apps to help home buyers find and choose homes or properties faster.
In a discussion document obtained by TechCrunch, it was shown that Goldman Sachs had a neutral stance about the Bitcoin. It does not actively recommend that investors invest in the cryptocurrency, the report said.
Menlo Park, US-based social media giant Facebook will be kicking off its yearly Hacker Cup competition at the company's head office today with 25 participants from North America, Asia, and Europe.
