Follett Corp. commits $50 million to the Follett Knowledge Fund. (Photo : Reuters)This is an image of several publications. Follett Corporation teamed up with Atrium Capital to establish Follett Knowledge Fund, a pool which strives to fund new technologies in the education sector, specifically content improvement, delivery and consumption.
North America
CloudByte gains $6.1 million total funding
CloudByte, a California cloud company, raised $4 million in funds to add to its $2.1 million initial acquisition.
Trade association NVCA elects new president
NVCA announced that Bobby Franklin is the association's new president. The NVCA (National Venture Capital Association) announced on Tuesday that it has named Bobby Franklin as its next president and Chief Executive Officer.
NTT acquires security services company Solutionary
NTT, the largest IT and telecommunications company in the world, buys security service provider Solutionary.
BookVibe developer Parakweet raises $2 million
Parakweet acquired $2 million in funding from several individual and angel investors. Parakweet, an online platform that offers product recommendations to the market, said on Tuesday that it has acquired $2 million in funding.
Latest News
CareCloud acquired $20 million in series B funding after Tenaya Capital led the round. (Photo : Reuters)This is a representation of cloud technology. CareCloud acquired $20 million in Series B funding today.
Franklin Templeton completed its buyout of Pelagos Capital Management. (Photo : Reuters)This is the logo of Franklin Templeton Investments. Franklin Templeton Investments finalized a deal to acquire the remaining 80 percent stake of Pelagos Capital Management, an investment firm focused in alternative investments.
Nathan J. Kutt is hired as member of Hunton & Williams' financial section. Hunton & Williams LLP, a legal services provider to financial institutions, large scale companies, governments and personal aid, hired Nathan J.
Johnson Controls is looking to sell its automotive electric unit after competitors failed to gain buyout interest.
Canadian restaurant chain, Tim Hortons faces another pressure from activist investor, Scout Capital Management after its announced stake increase in the company by 5.5% from the previous 1.5% as of the end of March.
Johnson & Johnson announced that it would pay US$1 billion to Aragon Pharmaceuticals and its experimental drugs for prostate cancer treatment.
Last Tuesday, Third Point LLC announced that it had raised its stake in Sony Corp to 70 million shares valued at US$1.4 billion.
Starboard's activist image is strengthened as it battles against China's Shuanghui International over its Smithfield Foods Inc. acquisition.
Johnson Controls Inc. is discussing with private equity firms about selling its automotive electronics arm priced at US$1 billion.
