Enterprise cloud file storage hybrid Egnyte received $29.5 million in Series D funding to introduce itself to other international markets and to gain recognition in international markets like its rivals Box and Dropbox.
Deals
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.
KKR, Carlyle vie for optical retailer National Vision -sources
KKR & Co LP and Carlyle Group LP are competing for National Vision Inc, the fourth-largest U.S. retailer of eyeglasses and contact lenses, in an auction that could fetch up to $1 billion, people familiar with the matter said this week.
Photo-sharing service Snapchat raises $50 million
Snapchat, the mobile photo-sharing service beloved by teenagers and twenty-somethings, has raised another $50 million, according to a Securities and Exchange Commission filing made Wednesday.
Hilton Worldwide raises over $2.3 bln in biggest-ever hotel IPO
Hilton Worldwide Inc, the world's largest hotel operator, raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
Latest News
A group of financial tech startups are tapping into a niche market wherein 80 million people with low FICO credit scores could not obtain loans from banks and other financial institutions.
Should it relent to pressure to sell its television set-top box business, Cisco could have difficulty finding obvious buyers for the unit, said a Reuters report.
In a report by CNET, Ubuntu founder Mark Shuttleworth said that it had signed a deal with a major manufacturer to create and ship smartphones running on Ubuntu Touch OS.
The Luxembourg-based General Court declared on Wednesday that Cisco's antitrust concerns regarding Microsoft Corp's takeover of the largest Internet video and voice messaging provider Skype was unfounded.
A Business Insider report said the few hundred people who owned the digital currency Bitcoin are the ultra-rich, as estimates indicate that each owns at least $1 million worth of Bitcoins.
A report said the price gap of Bitcoins sold on BTC China and the virtual currency on foreign exchanges had tempted some traders to take advantage by conducting arbitrage.
Idea Cellular board director Sanjeev Aga exited from his 5,000 shares in the Indian mobile network operator for INR8.81 lakh. Aga has been credited for launching Idea Cellular.
South Korea's Financial Services Commission on Wednesday cleared MBK Partners' $1.75 billion acquisition of ING Groep's Korean insurer. MBK bought 8.2 million shares in ING Life Korea.
UK-based FirstGroup said no to the proposal of hedge fund Sandell Asset Management to split the company and sell assets, saying the plan contained a number of structural flaws and inaccuracies, a Bloomberg report said.
