Duncan Riley
Latest from Duncan Riley
Software-as-a-Service (SaaS) events management firm Cvent, Inc. has been acquired by Vista Equity Partners LLC for $1.65 billion. Under the deal, Cvent stockholders will receive $36 in cash per share, a premium of about 69 percent over Cvent’s closing price on April …
Netflix posts record subscriber numbers, shares down as future growth predicted to slow
On-demand streaming service provider Netflix, Inc. has posted record growth figures for the first quarter, but the company predicted slowing growth in the quarter ahead. According to the numbers, Netflix added a record 6.74 million subscribers in Q1, ahead of their own …
Verizon/ Hearst acquire millennial focused Complex Media for undisclosed sum
Verizon Communications and Hearst Corp have jointly acquired millennial-focused pop culture publisher Complex Media, Inc. Terms of the deal were not disclosed. Founded in 2002, Complex self-describes as one of the fastest growing networks of sites focused on American popular culture from …
GoPro is launching a new serious VR camera and VR sharing site
Troubled action camera maker GoPro, Inc. has decided it wants a serious slice of the virtual reality (VR) market and has announced that it will unveil new VR cameras and a VR sharing site this week. The main offering is a new …
Amazon now offers standalone video only package for $8.99/mth, full Prime access for $10.99/mth
Amazon.com, Inc. is beefing up it efforts in the online video streaming market by announcing that customers will be able to subscribe to the video section of its Prime package on a standalone monthly basis. According to The Wall Street Journal, those …
New advanced hybrid malware GozNym said to be targeting bank accounts
A new form of malware has been discovered that is believed to have stolen more than $4 million from American and Canadian banks, according to research published late last week. Dubbed GozNym by International Business Machine Corp. (IBM) security researchers, the malware …
Oracle has acquired Israeli Big Data startup Crosswise for $50m
Oracle Corp. has acquired Israeli machine-learning Big Data startup Crosswise, Inc. The price of the acquisition was not officially disclosed but is believed to be $50 million, according to local media. Founded in 2013, Crosswise provides an authoritative consumer device map to ad …
Hack of Bitcoin/ Cryptocurrency exchange ShapeShift revealed to be an inside job
The news of a hack at Bitcoin/ Cyrptocurrency exchange ShapeShift AG has taken a turn for the worse with the discovery that the hack itself was an inside job. According to a new update by ShapeShift Chief Executive Officer Erik Voorhees, the …
Uber for kids rides Shuddle closes due to lack of funding, blames VC market for woes
Uber for kids rides Shuddle, Inc. is no more with the company announcing it would close Friday due to an inability to raise more money to keep the service going. Founded in 2014 at the height of “Uber for X” mania, Shuddle …
Redmond vs. Uncle Sam as Microsoft sues DoJ over constitutionality of secrecy orders
Microsoft Corp. is taking the good fight against secrecy orders directly to Uncle Sam by suing the Department of Justice over the constitutionality of the existing provision under law. The legal provision, as it currently exists, prevents companies such as Microsoft informing …