VENTURE CAPITAL POST

New Zealand-based customer relationship management (CRM) software startup MyWave bagged NZ$2.5 million in an oversubscribed first funding round to develop its product and customer base before its 2015 listing on the New Zealand Stock Exchange.

Cape Town, South Africa-based startup accelerator 88mph is expanding to Lagos, Nigeria to begin a new venture with seed funding specialist L5Lab to fund startup programs.

In a bid to gain traction over its competitors, American software giant is rebranding its open cloud platform 'Windows Azure' to 'Microsoft Azure.' according to sources familiar with the matter cited by ZDNet.

Texas, US-based PC giant Dell added Tulsa, Oklahoma-based analytics and data visualization software firm StatSoft for an undisclosed sum to beef up its software portfolio.

Texas, US-based PC giant Dell added Tulsa, Oklahoma-based analytics and data visualization software firm StatSoft for an undisclosed sum to beef up its software portfolio.

New York, US-based data management platform Lotame acquired San Mateo, California-based mobile audience management startup AdMobius for an undisclosed amount to beef up its publishing and marketing services.

New York, US-based stock photography agency Shutterstock is acquiring San Mateo, California-based digital asset management software maker WebDAM for an undisclosed amount to widen its market reach.

Redmond, US-based tech giant Microsoft is mulling over launching a free version of the Windows 8.1 OS (operating system) or selling it for a very low price, according to a report by The Verge.

Waterloo, Canada-based software giant OpenText invested $1 million to open a data center in Sydney, Australia, to help companies deal with problems centered on enterprise data.

Mountain View, California-based cybersecurity startup Shape Security pocketed $40 million in a venture funding round led by Norwest Ventures and Sierra Ventures to beef up its product offerings and its sales team.

US-based processor giant Intel acquired private hackathon organizer Hacker League for an undisclosed amount, in a deal that will merge the latter with Mashery, an Intel company.