India-based IT and engineering services provider Global Economic Advantage Pvt Ltd purchased Samtel Engineering and Sourcing Solutions Pvt Ltd including its wholly owned German unit for an undisclosed sum.
Investors
San Francisco mobile security firm Bluebox snags $18M in Series B funding
San Francisco, California-based mobile security firm Bluebox Security snagged $18 million in a Series B funding round led by Tenaya Capital amid the growing bring-your-own-device (BYOD) trend that opens opportunities for security ventures in the tech market.
Spain's Fon nabs $14M from Qualcomm Ventures to boost Wi-Fi sharing
Madrid, Spain-based Wi-Fi sharing company Fon nabbed $14 from broadband chip maker Qualcomm Ventures to develop a new device that enables users to share music and broadband signals.
Japan investors return to foreign investment ahead of tax hike
Japanese retail investors ramped up their buying of foreign securities via toshins, or investment trusts, this month after they sold a large amount in December ahead of a capital gains tax hike, according to Nomura.
South Korean Bitcoin startup raises $400K from Silicon Valley investors
South Korea-based Bitcoin startup Korbit raised $400,000 in funding from several Silicon Valley investors including Tim Draper, Naval Ravikant, David Lee, and Barry Silbert, for the company's growth.
Latest News
Brussels, Belgium-based chemical firm Solvay SA offered to buy Pennsylvania, US-based conductive polymer maker Plextronics Inc in a $32.6-million deal amid a Chapter 11 filing by the latter.
Private equity-focused executive search platform Private Equity Head Hunters has upgraded its executive platform that helps executives and recruiters save time and make the recruitment process more effective.
In a bid to bring home the $20 million prize money in the Google Lunar X Prize competition, Penn State launched a crowdfunding campaign on Rockethub to raise $400,000 by February to build its own moon rover prototype.
An increasing number of hedge funds like Coatue Management are looking for opportunities to invest in the private markets, pouring money in technology startups, TechCrunch reported.
Malaysia will implement a new policy that will selectively allow foreign auto makers to manufacture small passenger cars, according to the chief executive officer of a trade ministry unit.
Epom, an ad serving and ad management solutions provider, said it received $7 million in a private investment pool for product improvement and new product development.
A report on Pensions & Investments said 2014 is set to be a very busy year for hedge fund launches because of factors like having experienced teams gearing to form their own companies and having available seed money, among others.
Los Angeles, US-based startup BEZALEL launched a crowdfunding campaign via Kickstarter to raise $35,000 for the development a portable wireless charger for smart devices called ARK.
Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.
