Archive for January, 2011

Call Center Software Company Five9 Raises $8.6 Million

Amit Chowdhry | January 27, 2011 | 529 views | Add a Comment
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Five9 is a call center software company that has raised $8.6 million in equity funding from private equity firm Adams Street Partners. Other investors that participated in this round include Winblad and Partech International. Five9 has tripled their revenues and customers in about three years. Five9 has raised a total of $37 million thus far.

RightNow Acquires Q-go For $34 Million

Amit Chowdhry | January 27, 2011 | 473 views | Add a Comment
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RightNow is a customer service company that has acquired Q-go for $34 million. RightNow plans to use the acquisition to enhance the search experience for their clients. RightNow is expecting that to add $8 million in revenue for 2011 to their finances through the acquisition and improve 2012 earnings. RightNow is currently expecting to hit $51 million in revenues for Q4 2010. The full press release is below:

Samsung Launches ST95, ST90, and ST65 Pocket Cameras

Amit Chowdhry | January 27, 2011 | 517 views | 1 Comment
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Samsung has announced some new point and shoot cameras: Samsung ST95 (pictured above), ST90, and ST65. All three of these can shoot 720p HD movies. The ST95 encodes with H.264, has a 3-inch touchscreen with the Smart Touch 3.0 user interface, 16 megapixel resolution, 5x optical zoom camera, built-in editing, and will cost $199. The ST90 is just like the ST95, but it has a 14 megapixel resolution. The ST90 has a touchscreen, H.264 compression, and will cost $149. The ST65 has a 14 megapixel resolution, a different lens configuration, and will cost $129.

Google Poaches Microsoft Kinect Developer Johnny Chung Lee

Amit Chowdhry | January 27, 2011 | 893 views | Add a Comment
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Google Inc. (NASDAQ:GOOG) has hired Johnny Chung Lee. Lee was is famous for hacking the Wii and for being a developer in Kinect. Now Lee will be the “Rapid Evaluator” at Google. Lee said that he spent about three years working on human tracking algorithms for the Kinect. Lee had worked at Microsoft’s Applied Sciences group. He has a PhD in Human-Computer interaction from Carnegie Mellon.

Stoke Raises $17 Million In Series E

Amit Chowdhry | January 27, 2011 | 500 views | Add a Comment
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Stoke Inc. is a mobile broadband solutions company that has raised $17 million in Series E funding. Stoke has raised a total of $92 million thus far. The full press release is below:

Plastic Logic Raising $700 Million To Build A New Plastic Display Factory

Amit Chowdhry | January 27, 2011 | 548 views | Add a Comment
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Plastic Logic is raising $700 million to build a new factory for building next-generation plastic displays. The funding is coming from government-owned Russian Corporation of Nanotechnologies (Rusnano). Initally the company will receive $150 million and Oak Investment Partners will put in another $50 million.

Linksys E4200 Dual-Band Router Has 6 Antennas

Amit Chowdhry | January 27, 2011 | 1,157 views | Add a Comment
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Cisco has announced a new router called the Linksys E4200 router. The E4200 has 6 antennas and dual-band wireless-N. The 6 antennas are internal and external which can shoot at 450Mbps at 5GHz, or 300Mbps at 2.4GHz. The E4200 costs $180 and will be available in a few months. The E4200 also has four Gigabit Ethernet ports.

Populis Acquires Italian Blog Network Blogo

Amit Chowdhry | January 27, 2011 | 491 views | 1 Comment
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Populis is a European content company that is similar to Demand Media. Populis has acquired a 44 website blog network called Blogo from the Dada group. The transaction is worth $8.02 million (€6 million). Dada also operates a social company called Splinder. Populis was founded in 2004 and pays a small amount to 1,000 writers. They publish about 15,000 articles per month across their 500 websites. Blogo.it claims about 8.5 million monthly unique visitors in Italy.

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