Security operations platform provider VidSys accumulated US $15.65 million in equity financing from existing investors.
North America
Ashland Considers Divestment of units with US$2 Billion Revenue
Ashland Inc may opt for divestment of elastomers and water-treatment businesses. Ashland Inc. (ASH) has announced plan to divest an elastomers unit and possible sale of a water-treatment business, moves that could cut around US$2 billion from the American chemical company's revenue.
Top 2 mobile ad challenges Facebook faces
Facebook faced two major mobile ad challenges. Undoubtedly, Facebook's mobile ad business has grown. Facebook ads are paid advertisements that are "relevant and interesting" to a user.
Washington Redskins names BDO USA official accounting partner
The Washington Redskins has signed on BDO USA as its official accounting firm. Consulting organization BDO USA announced earlier today that it has signed a deal with The Washington Redskins as the football league's exclusive accounting firm.
Biotech firm Conatus raises $66-M in IPO
Conactus Pharmaceutical raised US $66 million after the company offered 6,000,000 shares at US $11 each during the initial public offering.
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Onconova Therapeutics Inc. is set offer its common stock at US $15 during an initial public offering.
It was reported that Google planned to invest in Uber funding round. Google, through Google Ventures, was expected to participate in Uber's upcoming new round of funding.
PNC Financial Services Group gave Emerge Energy Services a US $150 million loan facility, which will be used to refinance its debt and to cover general corporate purposes.
A Chromecast forecast signalled more Netflix subscribers up ahead. Google recently announced its latest device, the Chromecast. The device basically allowed "TVs to become second screens to Google-powered devices" running the Chrome browser.
SolidFire raked in US $31 million in series C funding led by existing investor Samsung Ventures. It also launched its newest storage solution , claimed to be the fastest in the market.
Chromecast quickly sold out in a matter of hours after its announcement. Quickly after Google announced its new product, Chromecast, the company received a large volume of orders.
England & Company has just hired Corey Luskin as Managing Director for its Technology Investment Banking Group.
Crossroads Systems Inc. gets US $10 million credit from Fortress Investment Group. An affiliate of Fortress Investment Group agreed to extend a US$10 million credit to Crossroads Systems Inc.
U.S. automaker General Motors kept up profit gain with aggressive cost-cutting strategy. General Motors Co reported on Thursday that its second quarter revenue reached US$39.
