Nicel Jane Avellana

Detroit Institute of Music Education Inc secures $3M from private equity firm Beringea

Music education college Detroit Institute of Music Education Inc received a $3 million investment from private equity firm Beringea, a statement about the funding said.

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Microsoft pledges more stringent policies before looking into users email accounts

Microsoft, through a blog post written by its Deputy General Counsel & Vice President John Frank, has pledged that it would undertake stricter procedures before investigating the Hotmail and Outlook accounts of its users, VentureBeat reported.

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Italian startup Flazio makes website building through your FB page simple

Italian website design service startup Flazio, backed by Zernike Meta Venture, allows users to create a website by using the content of their Facebook page, TechCrunch reported.

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Gigwalk secures $10M in Series B round

San Francisco-based software enterprise startup bagged $10 million for its Series B financing round led by Nokia Growth Partners and Randstad Holdings and joined in by previous investors, VentureBeat reported.

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Former Microsoft employee faces charges for stealing trade secrets

A former employee of Microsoft Corp was arrested and charged with stealing the trade secrets of the software company and giving them to a blogger in France, Bloomberg News reported.

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25 tech firms writes letter to Sen. Ron Wyden asking him to oppose measures that could curtail online freedom

Twenty-five tech companies have turned to Senator Ron Wyden asking his help to oppose the Trans-Pacific Partnership or TPP that could potentially limit online freedoms, VentureBeat reported.

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Mt. Gox reveals it found 200,000 Bitcoins in "old format wallet"

Mt. Gox said it had found 200,000 Bitcoins in a wallet that it used before June 2011. The discovery was made on March 7, a week after it had filed for bankruptcy, Reuters reported

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Procured Health secures $4M in Series A round

Procured Health, the startup that seeks to provide transparency to the pricing of medical devices, has received $4 million from FCA Venture Partners for its Series A funding round, VentureBeat reported.

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Symantec terminates CEO Steve Bennett

Symantec, the antivirus software maker, has axed Chief Executive Officer Steve Bennett as senior managers left the firm now grappling with falling revenues in the hot cyber security market, the Financial Times reported.

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Temasek Holdings said to be in advanced discussions for substantial Watson stake purchase

Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beauty retailer Watson.

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Survey shows Asia-focused hedge funds added $20B in assets last year

A survey done by AsiaHedge showed that Asian hedge funds were able to add assets of nearly $20 billion in 2013, representing a strong performance after three years, Reuters reported.

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Citius Tech receives "significant investment" from General Atlantic

CitiusTech, a healthcare IT firm, was able to get an undisclosed substantial investment amount from growth equity firm General Atlantic, a statement about the funding said.

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Saffron Technology scores $7M in Series B funding round

Cary, North Carolina-based cognitive systems firm Saffron Technology was able to bag $7 million for its Series B round from unnamed investors, a statement about the funding said.

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Vermont-based Faraday closes $880K in Series A funding round

Faraday secured $880,000 for its Series A funding round led by FreshTracks Capital and joined in by other investors, a statement about the funding said.

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Coupa Software secures $40M in Series F funding round led by Meritech Capital

Coupa Software, a cloud-based finance solutions provider, bagged $40 million for its Series F funding round led by Meritech Capital, a statement about the funding said.

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