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Big Data Analytics Go Large: GoodData Gets $25.7M Led By Intel, Eyes Up 2016 IPO
clouds GoodData, a cloud-based big data analytics firm, is rising higher into the clouds itself. Today it is announcing a $25.7 million round of funding led by Intel Capital, with participation also from existing investors Andreessen Horowitz, General Catalyst, Tenaya Capital, TOTVS, Next World Capital, Windcrest, and Pharus Capital. This is a Series E round for the company, which has raised… Read More

Thu, 02 Oct 2014 11:27:33 +0000

ScribbleLive Closes $12M Series C, Eyes Acquisitions And International Expansion
ScribbleLive-logo500px ScribbleLive is today announce the closing of a $12 million Series C investment led by WIN (Waterloo Innovation Network) Fund with all of the company’s existing investors also participating. The company plans to use the cash injection to open new international offices and execute strategic acquisitions. Read More

Thu, 02 Oct 2014 11:00:28 +0000

How The Mighty Eagle Is Fallen — Rovio Announces Layoffs
Screen Shot 2014-10-02 at 11.52.24 Rovio Entertainment, the Finland-based maker of Angry Birds, among other games, is laying off 130 people, or 16% of its current workforce. The move comes because — you probably guessed this — it’s biggest game has gone off the boil and the newer games it’s producing are not taking up the slack, thus growth has been slower than they thought. In a blog post today CEO… Read More

Thu, 02 Oct 2014 10:53:32 +0000

Wonga Writes Off 330,000 Debts To People It Should Never Have Lent Money To
Wonga Payday loans startup Wonga has agreed to entirely write off the debts of 330,000 customers after the UK regulator found its affordability checks were inadequate. Read More

Thu, 02 Oct 2014 10:49:11 +0000

Twitter UK TV Ratings Go Live This Month, The First Of 6 New Markets With Kantar
twitter tv Twitter is today putting in place the latest piece of its global “social TV” strategy, which involves measuring how its users share and discuss TV programs and related content on Twitter’s network. Twitter is turning on TV ratings in the UK, in partnership with WPP subsidiary Kantar Media. The service — which includes a variety of metrics, the creation of a… Read More

Thu, 02 Oct 2014 10:38:58 +0000