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Articles tagged with: investment

Nokia-Siemens Fail To Secure Investors

Nokia Corp and Siemens AG failed to secure a deal for investors for a controlling stake in their unprofitable joint venture. The companies, which could not be immediately reached for comment, are now weighing investing more money in the venture, which is called Nokia Siemens Networks (NSN).

Talks to sell a controlling stake in the venture, which is the world’s No. 2 maker of wireless-networking gear, to a consortium that includes private-equity firms Gores Group LLC and Platinum Equity LLC are not expected to succeed.

U.S. Spreads Democracy Through Shadow Networks

The Obama administration is leading a global effort to deploy “shadow” Internet and Mobile phone systems that citizens of repressed governments can use to bypass censorship in their native countries. The initiative is funded with $2 million from a State Department grant and the Internet is deployed from a small briefcase.

The idea is to smuggle the briefcase (full of Internet) across the border and quickly set it up to allow wireless communication over a wide area with a link to the world wide web. This could be the first step out of many that gives people a greater freedom to step up against their government. The new liberation-technology movement involves creating these stealth wireless networks so activists can communicate outside their government’s ears in countries like Iran, Syria, and Libya.

eBay Acquires E-commerce Startup, Magento

eBay announced on Monday that it has agreed to overtake Magento (an open source ecommerce platform), an LA-based company with nearly 300 employees. eBay before only had a minority stake in the company, but has since then decided to go big or go home. Neither company stated how much the deal will go for, but it is expected to close in the third quarter of this year upon approval.

Magento offers tens of thousands of merchants control over the user experience, catalog, content, and functionality of their online store. The company’s “Go” platform offers a software-as-a-service (SaaS), offering both small and growing merchants the online tools they need, from payments to inventory management.

Indian-based Search Engine Raises $10 Million

An Indian-based search engine called Just Dial has just raised $10 million in funding from SAP Ventures and Sequoia Capital. The company was started in 1996 in Mumbai and allows consumers to search for local business through the Internet, phone, WAP, and through text messages.

Using the service, consumers are able to discover new restaurants, retail outlets, or search for plumbers or exterminators. It’s basically an easier-to-use form of the YellowPages in the United States. The service is now used by 57 million unique users spread over 250 Indian towns and cities.

Visa And Square Partner Up To Buff Up Security

Since Visa’s investment with the mobile payment company, Square, we see that the two have announced a new version of the Square dongle that adds encryption and enhances security. Square has received much criticism in the past from Verifone, claiming that Square’s system is insecure and outdated.

Although Square has denied these allegations (who wouldn’t deny such allegations?), the company has introduced a new version of the Square reader that employs encryption, hinting that perhaps they did agree that security needed to be enhanced. Of course all this comes after Sony’s PlayStation Network gets hacked, is down for seven days, and has personal information of 70 million members stolen.

Gree Acquires OpenFeint For $104M- Brings User Base To 100M

OpenFeint is the largest mobile social gaming network in the United States and carries 75 million users (both Android and iOS). The service, although very popular, will be managed under new hands. Japanese social gaming leader Gree, has acquired OpenFeint, bringing its total user count to 100 million users.

Gree invested $104 million in this purchase, not including the money it plans to spend on improving OpenFeint. Gree hopes to improve OpenFeint’s “ecosystem” by going global. Fans of OpenFeint will be pleased to hear that the OpenFeint team will remain intact as Gree will be hiring the current employees, including the CEO and founder, Jason Citron.

Google Buys Wind Energy Until 2031

Today is Earth Day, and it marks a day of making better decisions for our planet. After spending nearly $275 million dollars on renewable energy, Google is not falling short of expectations this time. Google has announced today that it has signed a power purchase agreement for wind energy in Oklahoma. Mayes County Oklahoma will have a fully operational data center by the end of 2011 thanks to wind energy. Google will be buying the energy from NextEra Energy Resources’ Minco II wind facility and will continue to get energy there until 2031.

Google Spends Like No Tomorrow, Drops Another $100 Million On Wind Farm

Following two investments in solar technology, Larry Page is showing who’s boss in making a third investment since taking over the reigns as CEO. Google’s latest investment brings its total spending to just under $300 million dollars so far this year. Google will now be investing in a nearby state to Silicon Valley, Oregon. The high tech giant will be spending $100 million in the Shepherds Flat Wind Farm in Arlington, Oregon.

Google will be joining the project with Caithness Energy, General Electric, Tyr Energy, and Sumitomo Corporation of America. The wind farm is still under construction but is expected to be the largest wind farm in the world! One the project has been completed, the farm will produce 845 megawatts of energy, allowing power to be saved in 235,000 homes.

Wal Mart Acquires Kosmix For Social Initiatives

In a time of buyouts, Wal-Mart is buying Kosmix, a social media company that is based in the heart of silicon valley, Mountain View, California. Although Wal-Mart did not mention specifics of the agreement, they did say that the acquisition will be instrumental in rolling out new social and mobile initiatives.

Wal-Mart continued in saying that the @WalmartLabs team will work hard on building its social and mobile commerce strategy in efforts to keep its online and in-store avenues in tact. I believe this is a necessary move for Wal-Mart, a corporation that now has physical stores in 15 countries and e-commerce businesses in nine countries.

Logitech Security Cameras And iPad App

You’ve seen Logitech gear no doubt, Logitech makes many things, from keyboards, to computer mice, to speakers. Logitech also makes computer webcams, and the company has a line of home security cameras called the Logitech Alert. The security cameras have now been supplemented with the Logitech Alert iPad application. The new app is designed for you to see what is going on in your home or office via the Internet and an iPad.