Wpisy z July 14th, 2008
Movie Beam, the ill-fated movie distribution technology firm funded by Disney, Intel, and Cisco, has been sold again, this time to an Indian firm named the Valuable Group. The Valuable Group said that it has acquired all assets, trademarks, IPR, and alliances of MovieBeam from the last buyer of the firm, Alabama-based Movie Gallery. Financial terms of the deal were not disclosed. Movie Beam had raised over $200M to create a distribution service using broadcast signals to distribute new releases of films for video-on-demand access; the firm was launched in 2005 by Disney, and eventually sold at the cut rate price of $10M by Movie Gallery in March of 2007…. (more)
Continue Reading Skomentuj July 14th, 2008
Los Angeles-based Cognition, which develops search engine technology for understanding English language queries, said Monday that it has raised $2.7M in a new financing round. The firm said the funding came from Draper Associates, Tim Draper, Fingerhut Ventures, and the firm’s CEO, Scott Jarus. Cognition is developing semantic natural language processing technology, which uses concepts and meaning in web pages to improve search results. The firm has previously raised funding from the Tech Coast Angels, and was once known as Meaning Master. Jarus was previously CEO of j2 Global Communications.
Continue Reading Skomentuj July 14th, 2008
Newport Beach-based The TriZetto Group, a provider of technology for managing healthcare payments, said Monday that it stockholders have approved the firm’s acquisition by private equity firm Apax Partners. TriZetto said that 99.8% of shares voted in a stockholder meeting approved the deal, or 79.2% of shares outstanding. TriZetto had announced in April that Apax Partners would buy the firm in a deal worth approximately $1.4 billion.
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SAS CEO Jim Goodnight says his company and Teradata will probably have their next product out in 18 months. Find out what this industry veteran thinks of virtualization, the sub-prime mortgage crisis and virtualization
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While virtualization is becoming mainstream, many enterprises are still in need of a few pointers on deploying the technology. Forrester analyst Frank E. Gillett dished out some advice at Tuesday’s VMware conference in Toronto
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Anick Silencieux, a data recovery engineer at Kroll Ontrack in Toronto, discusses the ins and outs of her field
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According to a new Info-Tech survey, unified communication deployments have yield a reduction in travel costs for adopting companies. But despite the glowing reviews, many enterprises still haven’t gotten on board
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The Waterloo, Ont.-based content management company picks up Corbis’s media management division, offering a “complete stack” to customers
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San Diego-based Qualcomm has tied with an European nanoelectronics research institute, IMEC, the firm said today, to work on 3D integration of integrated circuits. According to the firm and the institute, Qualcomm will participate in a program focused on three-dimensional integration of wafer-level packaging and IC-stacking. 3D and IC stacking technology is a major focus of research for semiconductor manufacturers, looking to increase density of systems-on-a-chip. Qualcomm joins Amkor, Infineon, Intel, Micron, NEC, NXP, Panasonic, Qimonda, Samsung, ST Microelectronics, Texas Instruments and TSMC as partners of IMEC.
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El Segundo-based iRise, a developer of software visualization tools, has launched a new single user version of its software visualization and authoring tool. iRise announced its iRise Professional Edition product his morning, saying that the new product would allow individual users to access its software, versus the team and enterprise versions that were available previously. The software is used to simulate an ddesign web applications without requiring programming, and is used primarily for prototyping of enterprise software applications. iRise said its new software is available for download for $6,995 per seat. iRise is backed by Morgan Stanley Venture Partners and Deutsche Bank.
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