Saturday, 26 March 2011

Weekly Report (19-25 March 2011)

To begin with our week's tech report lets start with funding.
8thBridge, which is a social commerce platform providing customizable and interactive experience raised $10 million in series B funding.
STELLAService grabbed $2 million in early stage funding- STELLAService comprehensively evaluates and rates online businesses to highlight the best in customer service.
CrowdFlower got $7 million- CrowdFlower takes large, data-heavy projects and breaks them into small tasks that we distribute to an on-demand workforce around the world. Our technology then aggregates the results and controls for quality.

The big news in acquisitions area of the week started with the news of AT&T buying T-Mobile in huge amount.
Shutterfly acquired Tiny Prints, which publishes cards, calendars, invitations and other stationery stuff.
Gilt Groupe bought Decorati which is all about interior design and home decor.
Wallgreens acquired plus all the sites owned by it.
Facebook bought Snaptu, a mobile app startup.
IBM is to acquire Tririga, real estate and facilities management software provider.

Oracle's net profit of third quarter 2011 jumped up by 78%. Big leap, congrats!

Orkut has come up with Like button. It is a 'like?' with a set of smileys to choose from!

Google has come up with new Chrome icon. With same color scheme and color arrangement the logo is turned to be a 2D one with no shine effect on it (I can draw it very easily on paper :) ).

Twitter completed its 5 years this week. Launched interesting video on its birthday.

LinkedIn crossed a major milestone of 100 million users this week.

Google released its first online magazine Think Quarterly

Another evidence that Yahoo is trying hard to keep upto mark after new Yahoo Mail is now Search Direct. It is on parallel lines to Google Instant search.

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