Oracle signed a contract with Microsoft to permit Java developers to make applications on Microsoft's servers.
Deals
BEST Funds pours in CAD 4 million in Intelligent Mechatronic Systems R & D
Intelligent Mechatronic Systems received CAD 4 million investment from BEST Funds. BEST Funds, a venture capital firm based in Toronto, invested CAD 4 million in Intelligent Mechatronic Systems Inc.
Los Angeles public schools sign US$30 million-worth deal with Apple
Apple and Los Angeles Unified School District would join forces through a US$30 million-worth deal. Next year, the Los Angeles Unified School District would put 640,000 iPads into the students' hands.
Adobe estimates US$1.19 billion earnings through cloud tech
Adobe's recent acquisition, Neolane, would help the company attain US$1.19 billion earnings from digital marketing cloud.
Smedvig Capital invests in Kings Court Trust
Smedvig Capital invested GBP 4 million into Kings Court Trust. Smedvig Capital, a private equity investor based in Mayfair, pumped in GBP 4 million into Kings Court Trust.
Latest News
Ciris Energy was able to close a total of USD 25 million from Asia Pacific Capital of Hong Kong in Series C funding.
EquaMetrics Inc. secured US $2 million in seed funding, bringing its total capital to US $4.5 million.
W.P. Carey is set to shell out US $4 billion to purchase Corporate Property Associates 16 - Global Inc.
JOOR, an online fashion marketplace, secured US $15 million in a series B funding led by Canaan Partners.
Malaysia's Ranhill Energy and Resources is set to return the US $234 million funds it was able to raise following the IPO's cancellation.
IT company Catbird gets additional US $10 million investment from Medina Capital. Catbird, an IT company that develops security solutions software for cloud data centers, said it closed another US $10 million in investment from Medina Capital.
Tyco International Inc. has acquired Exacq Technologies Inc., a portfolio firm of CID Capital Venture Partners.
Freeport Indonesia has said that it will be offering the public a 5% stake in the mining company. The Indonesian subsidiary of Freeport McMoRan Copper & Gold Inc.
The UK venture capital company is investing GBP 70 million to fund British companies with thrust in clean energy.
