Atlanta, US-based security software provider Damballa pocketed $13 million in venture funding from its existing investors to beef up its sales force and support its growth campaign in North America.
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EveryMarket Launches New Website - EveryMarket.com
EveryMarket, Inc., a global startup, announced today the successful launch of a new ecommerce website platform which fully integrates with sellers' stores, and introduces a new omni-channel with features such as click & save, return online orders, and check store stock online.
Microsoft reiterates commitment in Africa through a 20-year business plan
Microsoft said through its newly appointed head Kabelo Makwane that it has reinstated its development commitment in the Africa through a 20-year business plan that would boost economic growth and development in the African region.
Brazil's Petrobas to sell its assets in Nigeria
Petrobas, the top oil producer of Brazil, has been looking for potential buyers to acquire its assets in Nigeria valued $5 billion as the company plans for divestment of international assets.
Sequoia enters home security arena with SimpliSafe investment
Sequoia Capital entered the home security and automation arena by making a minority investment in Boston, US-based company SimpliSafe to take advantage of the lucrative situation of the present do-it-yourself home security market.
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Russia's top oil producer has been planning to sell more than 2 million metric ton of crude oil to state-controlled BP in a deal valued more than $1.15 billion and was approved by the company's board.
A lawsuit was filed against Twitter by two firms claiming that the microblogging platform has committed a pre-IPO fraud to justify the company's $10 billion valuation was dismissed by a US District Judge in New York.
Genco Shipping & Trading has filed for Chapter 11 bankruptcy protection on Monday as it planned to restructure the company and emerge immediately from bankruptcy although it did not provide a specific time frame for the move.
First Foundation Inc, a financial services company offering clients in multiple locations in the US, has filed for an intended initial public offering of common stock with the US Securities and Exchange Commission.
The deal between Pfizer and AstraZeneca to acquire its London based business were halted with no plans to resume said sources who spoke in condition of anonymity as the matter was held private in nature.
Tom Preston-Werner, the co-founder and president of San Francisco, US-based social coding network, stepped down from his position after former employee Julie Horvath claimed she experienced gender-based harassment and retaliation in the company.
Bellevue, US-based Internet business operator Blucora acquired Atlanta, Georgia-based explainer site HowStuffWorks in a deal valued at $45 million in cash from Discovery Communications, which had bought the site in 2007 for $250 million.
Santa Monica, US-based music streaming service Beats Music is looking to raise between $60 million and $100 million in a new funding round in a bid to keep up with bigger rival Spotify, as the Beats Electronics spin-off failed to attract the targeted number of subscribers since its January launch.
Seven Energy International Limited has received $225 million equity capital from investors including Singapore's Temasek, IFC and the IFC ALAC Fund to be used for corporate affairs and boosting dometic energy markets in Nigeria.
