Friday, 15 April 2011

Weekly Report(9th-15th April 2011)

Currensee, an investment service that gives investors unique access to the world currency markets, raised $4 million in series C of funding. It will be used for developing collaborative and portfolio management tools for investors, data center expansion and enhancement of current tools.
TxtEagle received funding of $8.5 million. Discover, engage and motivate emerging market consumers by leveraging txteagle's community of 2.1 billion people, proprietary mobile messaging protocols and airtime compensation platform.
Sugar Inc. which has various services all related exclusively to women raised $15 million (hmmm...this is cool ;) ) . The funds will be utilized for brand extensions, acquisitions, and international growth.

The deals site of Turkey has been acquired by eBay. It has got millions of registered users.
KIT digital, which provides end-to-end high quality video content to any of the screens has acquired ioko. ioko provides managed cloud-based platform solutions for media & entertainment, telecommunications and cable companies worldwide.
Zillow has acquired Postlets. Zillow lets you find rates, agents and search real estate properties. Postlets lets you post property listings on classifieds and share them on social media sites.
Global Crossing, the provider of broadband, voice, data and multimedia communications has merged with Level 3 which are the leading international provider of fiber-based communications services.
nSphere Inc, the online directory for small local business has acquired Peekaboo Mobile. It provides service of mobile coupons which you can redeem directly from your mobile itself. It also lets you share deals and discounts from your area. This merger shows great hope to give best blend of the two, for customers as well as business owners.
Again deals seems to be on the hot seat of investments and acquisitions!!

Beta version of Scoville ( has been launched. You can discover and bookmark your favorite destinations as well as share them.
Gmail now lets you create your own theme including changing the background image. Google has funded Brightsource Energy, which set up huge solar power plants. Google search is now further enhanced with the Reading Level ability. It includes basic, intermediate and advanced options plus shows their respective share in total related content. Another advancement to the sidebar is addition of Dictionary and search meaning of a word without using 'define' (but I'm very much addicted to 'define:'....may be I'll not switch to this Dictionary feature!).
This is not the end of search engine updates. Microsoft released a cool iPad app for Bing.
Flash Builder 4.5 for PHP has been launched by Adobe and Zend Technologies.
Flipboard definitely created buzz this week. Very obvious too. The iPad social magazine has partnered with Oprah Winfrey Network (OWN). The official Oprah curated section will appear now!

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