Santa Clara, California based online advertising network GoInternetMedia, has raised $10 million in the first round of funding. The round was led by Kennet Partners. According to the president of GoInternetMedia, Al Abhari:
Archive for January, 2009
Denver based content aggregation tools and services provider NewsGator Technologies Inc., has raised $10 million in the fifth round of funding. The round was participated by returning backers including Masthead Venture Partners, Mobius Venture Capital and Vista Ventures. Despite the current financial difficulties, the company is doing good and it just had the strongest quarter since it started.
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And Yahoo after taking all the time it could to say a word about hiring a Carol Bartz as its new CEO has at last confirmed it. Yahoo also made sure that everything was clear regarding Decker’s wish to stand for the spot of CEO. With everything now settles it remains to be seen where the experienced CEO going to direct the troubling deals (we all know which one is pointed at here). I just hope Yahoo makes some progress and a new CEO just doesn’t create more drama that has become so analogous to it.
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According to Forrester report released today, IT spending this year is expected to fall short 3% globally. For the first time in seven years, the IT industry the industry is has not grown. Around $1.66 trillion is expected to drop this year. According to the vice president of Forrester Research, Andrew Bartels:
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avVenta Worldwide has pocketed a hefty $20 million in investments from TZP Group. avVenta is an online marketing and digital production and the funding is its first ever, which it plans to use for expanding its business across the U.S and Europe. In a press release, its CEO and president, Jay Noce stated:
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San Francisco based company Astro Gaming has raised $3.5 million in the second round of funding. The amount will be used by the company for its gaming headset and accessories business. Astro Gaming launched its headsets early last year for $250. The company expects to conclude the current round with $1.5 million more within the coming three months.
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The market for mobile apps is still open and if applications for remote ordering via mobiles are made, companies could earn huge profits even at this time of recession. Today the Mexican-food chain Chipotle , came out with its new iPhone app for remote ordering.
According to the MacRumors iPhone Blog, you can now select your order and even customize it as well. And then after completing the payment, the app would automatically locate the closest Chipotle location and start making your order thus making it ready fro pickup or delivery.
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The iPhone is the most widely sold Phone these days, but the fact remains it was never sold in China, but rumors are being made that a “iPhone –Nano” is being prepared, either for all of the World or specifically for China.
According to the Chinese paper Economic Daily News, Taiwan Semiconductor Manufacturing Company (TSMC) and United Microelectronics Corporation (UMC) are the two companies that may help Apple build the device, says the paper.
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It is learnt that Microsoft is testing a new version of Exchange, its email and calendar software. The version, code-named E14, is in private Beta as well as being tested out at universities and schools. The updated features hold a fresh Web client: Outlook Live – the changes introduced include support for managing distribution groups, setting up rules and viewing other e-mail accounts.
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