VMware's newest product called the vCloud service was said to be a testament to the software company's bet in hybrid cloud technologies, according to a VentureBeat article.
Sectors
Optoro secures Series B funding from Swan & Legend Venture Partners
Optoro Inc, a Washington, DC-based reverse logistics company has raised an undisclosed further Series B funding from Swan & Legend Venture Partners. Earlier this year, they have secured an earlier Series B funding amounting to USD 23.5 million from Revolution LLC and Grotech Ventures.
KKR exits, private equity firms find partnerships for IMG bid
People who were familiar with the auction process told Reuters that KKR & Co LP had dropped out of the race to acquire talent agency IMG Worldwide Inc, while buyout firms have partnered up in the hopes of gaining a strategic advantage in the auction.
Spain's 'bad bank' sells loan bundle to Bank of America - sources
Bank of America Merrill Lynch has bought a small package of loans from Spain's so-called 'bad bank' Sareb, helping the vehicle to surpass year-end sales targets, two sources familiar with the situation said on Monday.
Orrick, Pillsbury call off big law firm merger
The potential merger between the California-based Orrick Herrington & Sutcliffe and Pillsbury Winthrop Shaw Pittman in New York would have created the ninth-largest firm in the country.
Latest News
The acquisition by Virgin Connect-affiliate Trivon AG of The MegaMax Group in the Nizhny Novgorod region of Russia dispelled a rumor about the former's business in trouble in the region.
According to Xinhua, China Mobile will be the first carrier to provide 4G LTE in China starting Dec 18th. It would certainly boost Apple, of which the latter is eager to regain a significant market share that was lost to Android, said TechCrunch.
Blackstone Group LP's decision to sell its La Quinta Inns & Suites hotel chain was reportedly done in order to obtain higher returns as oppose to conducting a private sale, sources said to Bloomberg.
Line, a message app based in Japan, proudly announced at a press conference in Tokyo that it has added another 100m people to its registered user count, totaling the number of registered users since its launch at 300 million. It hopes to hit 500 million registered users by 2014.
Despite positive Purchasing Managers Index data in both the manufacturing and services sectors, Markit's recent industry report also reflected a slowdown of hiring in the private equity sector.
Harris Interactive Inc. today announced that it has entered into a definitive merger agreement to be acquired by Nielsen
Holdings N.V., a leading global provider of information and insights into what consumers watch and buy.
Carlyle Group LP said on Monday it has finished raising money for its latest U.S. private equity fund, surpassing its initial $10 billion fundraising target by $3 billion.
Guardian Capital Group Ltd reached agreement to acquire a specialist boutique emerging market equity investment firm in London
In order to comply with competition issues surrounding its July acquisition of Whyte & Mackay owner United Spirits Limited, Diageo PLC offered to sell majority of the latter's distilleries.
