Square Scores $100Million in Third Round Funding Square, a Mobile payments startup, announced this morning that it has raised $100 million in Series C financing which puts its valuation close $1 billion according to the Wall Street Journal. The funding round was led by high-profile venture capital firm Kleiner Perkins Caufield & Byers. The company…
HP’s CEO Leo Apotheker revealed his plans to invest heavily in China and plans to develop cloud-computing products there to sell globally. HP opened a cloud computing centre this week in the port city of Tianjin and announced a server computer networking and development centre in Beijing. Apotheker said at a news conference in Beijing…
Cloud computing and cloud-based storage are two of the fastest growing technologies in enterprise IT. Conversion of the “trend” into real productivity gains, is still to be seen in real life. Below we have pointed out 5 key areas where we believe that cloud computing will make the most impact towards realizing higher productivity and…
Square, a Mobile payments startup, announced this morning that it has raised $100 million in Series C financing which puts its valuation close $1 billion according to the Wall Street Journal. The funding round was led by high-profile venture capital firm Kleiner Perkins Caufield & Byers. The company Tweeted today:”To continue to empower everyone to…
Google announced today on the official Google blog a new rival to Facebook under the name: Google+. The project is under the motto: “Real-life sharing, rethought for the web”. It was announced by Vic Gundotra, Senior Vice President, Engineering, and is definitely a major step for Google. There were lots of rumors for some time…
Apple just released over 100 session videos from WWDC 2011 earlier this month. You will need to be a Registered Apple Developer, however you can apply easily on Apple’s website. You can download the video on iTunes and have also access to presentation slides. Here is the list of available tracks: Adopting Multitasking in Your…
First Trust, a money management firm, is planning to launch on July 6 an ETF (Exchange Traded Fund) focused on cloud computing. According to information posted on the company’s website, the ETF called “The First Trust ISE Cloud Computing Index Fund” will be listed on the Nasdaq under the symbol “SKYY” and will be based…
In a move to beat the competition and join the Cloud movement, Microsoft is moving its flagship applications, like Word and Excel, in the cloud for the first time. We had expected this move for a long time. The new product, known as Office 365, is Microsoft boldest attempt so far to join the trend…
Japan and Sony’s Back-to-Back Crises The risk of unsupervised digital transformation could bring an intense negative impact for a company. Consider the April 2011 PlayStation Network (PSN) data breach of Sony Corporation that causes serious damage, especially in conjunction with the global economic crisis and the powerful earthquake that hit Japan last March 11. The…
Silicon Valley is waiting for next IPOs to happen, but the candidates are keeping their exact dates secret – or better flexible. Now there are rumors that Zynga will file for an IPO as early as tomorrow with a valuation between $15 billion and $20 billion. Zynga would raise between $1.5 and $2 billion in…