Western NIS Enterprise Fund (WNISEF), with more than two decades of successful experience investing in small and medium-sized companies, announced the launch of U.Ventures, a new fund focusing on investing in early-stage technology startups from Ukraine and Moldova inform Hitech.Expert….
Pandora’s IPO yesterday peaked at $26/share, giving them a brief valuation of $4 billion. The stock quickly deflated to a closing price of $17.50, moving that valuation to $2.8 billion. Even that is a fantastical and bubblicious number that will not stand up to scrutiny. Here is a back-of-the-envelope analysis based on the S-1 that investors should have made before throwing their money in the box:
DataArt, a US custom software development firm that builds advanced solutions for select industries, announced the opening of a new development center in Kyiv bringing the total number of employees to more than 600 throughout its offices in North America and Eastern Europe. DataArt’s fifth R&D center, and its third in Ukraine, will become the company’s new European Headquarters.
Kaspersky Lab, a leading developer of secure content and threat management solutions, announces its partnership with General Atlantic LLC (GA), a leading global growth equity investment firm. The agreement with GA marks the next stage of Kaspersky Lab’s global growth strategy. The company will benefit from GA’s strategic support for management’s vision to continue its global market expansion. GA will become the second largest shareholder in the company, acquiring a number of secondary shares. Details concerning the financial aspects of the deal will remain confidential.
Manatron, Inc. announced it has acquired International Land Systems (ILS) Inc., creating a new division: Manatron International. The acquisition was led by private equity firm Thoma Bravo, LLC. Financial terms were not disclosed.
Goldman Sachs has reached out to its wealthy private clients, offering them a chance to invest in Facebook, the hot social networking giant that is considering a possible public offering in 2012, according to people familiar with the matter.
A study by Strand Consult of the American mobile market shows that it is currently dominated by four market players Verizon, Sprint, AT&T and T-Mobile, and that T-Mobile by far has achieved the worst results in almost all areas.
Someday, they’ll build wireless Internet into every building, just the way they build in running water, heat and electricity today. Someday, we won’t have to drive around town looking for a coffee shop when we need to check our e-mail.
STM Group, Inc. announced its SatLink 2000 VSAT Indoor Unit (IDU) with breakthrough technology for meeting next generation requirements in high-performance satellite networks.
Despite its giant population, Facebook is not quite a sovereign state—but it is beginning to look and act like one