Firm Management
New CEO of AccelerateMSP scraps seed fund plan for Twin Cities startups
Pamela York, the new Chief Executive Officer (CEO) of AccelerateMSP, scrapped the nonprofit entrepreneurship organization's plan to raise a seed fund for Twin Cities startups but will instead focus on mentoring them after they have raised capital.
Skype-owned video streaming service Qik to shut in April
Redwood City, US-based video streaming service Qik will shut down on April 30 after its features have been integrated into Skype, which acquired it for $150 million three years ago.
Symantec terminates CEO Steve Bennett
Symantec, the antivirus software maker, has axed Chief Executive Officer Steve Bennett as senior managers left the firm now grappling with falling revenues in the hot cyber security market, the Financial Times reported.
US data security firm Verdasys lands $12M in venture round as new CEO is named
Waltham, Massachusetts-based data security firm Verdasys landed $12 million in a new venture round for its market and product expansion as it named former McAfee executive Kenneth Levine as its new Chief Executive Officer (CEO).