Penetration testing company Pwnie Express received US$5.1 million in funding from .406 Ventures, Fairhaven Capital and Vermont Seed Capital Fund.
Firm Management
Deutsche Bank to Reduce Assets US$332 Billion as Net Income Falls
Europe's largest bank is forced to cut costs after profits drop nearly 50%. Europe's Deutsche Bank AG announced its plans to cut assets by EUR 250 billion (US$332 billion) earlier today, following the dramatic decline in its profits.
Blue Heron Capital invests US$3 mln in local media company
Virginia-based media organization Local Voice rceives US$3 million in funding from Blue Heron Capital.
Flare Industries names new Global Sales and Marketing Senior Vice President
Industrial company Flare Industries promotes Mark Zykskowski as its new Senior Vice President for Global Sales and Marketing.
Scheider to finalize US$5 billion Invensys acquisition
Schneider Electric is gearing up for the conclusion of its Invensys acquisition. France-based Schneider Electric is nearing the conclusion of its proposed agreement to purchase British engineering company Invensys for GBP 3.
Latest News
Flywheel Ventures and High Country Ventures bring up Digabit's funds to US$3 million in total. Technical documentation specialist Digabit Inc. announced Tuesday that it gained US$3 million in a financing round led by venture capital firm Flywheel Ventures.
Marco Janeczek joined the Hybrid Paytech Payment Advisory Committee, Freeport Capital Inc. announced today.
Solutions specialist National Response Corporation purchases OP-TECH Environmental Services. National Response Corporation (NRC) announced Tuesday that it has finalized its purchase of OP-TECH Environmental Services for an undisclosed amount.
American hospital chain Community Health agreed to buy Health Management Associates Inc. for US$3.9 billion in cash and stock.
Zynga Inc. lost three more top executives this month, following more than a dozen exit of top managers in the company after it announced IPO last December 2011.
Sources said that Mongolian businessman Bold Baatar is most likely to be appointed as the head of Oyu Tolgoi when Cameron McRae exits this October.
Samsung launched its newest smartphone in the US, Apple's home market, and then opened a research and development center in Nokia's home, Finland.
Amazon announced that it would add 7,000 new jobs in its warehouses before the US president Barack Obama's visit.
William Franke stated that he will be stepping down from his position as chairman of Spirit Airlines as Indigo Partners LLC divest their stake in the company.
