According to IFPI’s Digital Music Report 2009, only 5% music downloads in 2008 were legal which means that 95% of the digital music downloads were illegal. The digital music downloads last year earned $3.7 billion. This shows that a huge amount is not being paid to the rightful owner. According to the report:
Leading global enterprise communications lifecycle management software and technology-enabled services provider, Tangoe Inc., has made an announcement according to which the company has acquired InterNoded Inc. The later is a Waltham, Massachusetts based mobile device management solutions provider.
Milipitas, California based IT developer ConSentry Networks has raised an amount of $9.4 million in a round of VC funding. The round was led by Accel Partners and was participated by existing investors including DAG Ventures, Invesco Private Capital, Northgate Capital, Translink Capital, and Vedanta Capital.
According to ConSentry’s CEO, Joe Golden:
San Francisco based online sales intelligence application provider, InsideView Inc., has raised $6.5 million in the second round of funding. The round was participated by returning backers including Emergence Capital Partners and Rembrandt Venture Partners. According to InsideView’s CEO, Umberto Milletti:
Kogan Agora Pro, the first Australian smartphone that was to run Google Android, has been delayed. The device was to be shipped on January 29. The reason described by the distributor for not shipping the device is that it contains a low resolution display. According to Kogan’s founder, Ruslan Kogan:
New York based site for personal video sharing and storage, Motionbox, has raised $6 million in the Series C of funding. The round was led by Constellation Ventures and was participated by returning backers including Canaan Partners and SAS Investors.
According to company’s CEO, Grotstein:
Bellevue, Washington based work management tool provider, Smartsheet, has raised $1.25 million in the second round of funding. The round was led by Madrona Venture Group and was participated by the company’s executive chairman Brent Frei. The site contains over 65,000 users in more than 30 countries.
According to Smartsheet’s CEO, Brent Frei: