Monday, 1 August 2011

Monthly Report(July 2011)


Smartling raised $10 million in second round of funding. It provides copious scope to application providers and publishers to go multilingual. Its cloud-based platform is used by big companies like Foursquare, Scribd and SurveyMonkey.
CloudBees secured $10.5 million from LightSpeed Venture Partners. Currently it provides Java Platform as a Service. Also it has joined Eclipse Foundation to provide CloudBees Toolkit for Eclipse IDE.
LegalZoom snagged a huge amount, $66 million, in funding recently. It does not impart legal advice, but serves as a store for online legal documents and helps in filling them.
Badgeville, The Social Loyalty Platform, today announced it has closed a $12 million Series B round led by Norwest Venture Partners (NVP) and El Dorado Ventures, with participation from existing institution Trinity Ventures and Webb Investment Network.

Groupon, the deals' giant, acquired Zappedy. Zappedy site says, "We're excited to join the Groupon Team! Zappedy has been acquired by Groupon." (Since I'd not known this company earlier and neither of the sites provide any info, I'm clueless what this company is all about!)
There is one more acquisition in July from deals' service- BuyWithMe bought Edhance, provider of card-linked loyalty programs to merchants. Biggest advantage to users will be that they do not have to carry vouchers to redeem them. Since cards will be connected to an account, just swiping will do!
Adobe acquired EchoSign, a provider of electronic signatures and their automation. EchoSign’s pioneering electrynic signature solution will be a key component of Adobe’s document exchange services platform for reliably exchanging documents for universal access, review and approval. Its solution has more than 3 million users globally at present.
Live Gamer, which provides monetization solution for micro-transaction based businesses, acquired gamerDNA Media and BrandPort. gamerDNA Media a large gamer-focused ad network in the US. BrandPort allows to add innovative, highly engaging video ads. It rewards gamers watching video ads by asking questions about the ad. So a double win comes for Live Gamer!

American Express and Sprint announced to provide Sprint customers with easy access to Serve(sm), American Express' recently launched digital payments platform. Sprint is pleased to join with American Express to offer this convenient tool for sending and receiving money to friends, paying bills and making purchases online.

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