Friday, February 26, 2010
A look at one company's protection against hacking, with Kendall Hunt, Vasco CEO.
A look at one company's protection against hacking, with Kendall Hunt, Vasco CEO.
Tuesday, February 23, 2010
Digitalbeat: Businesses don’t want tablet devices like the iPad
"Lenovo recently released its latest tablet PC — the Thinkpad X201 — and with it came strong words against the iPad and the recent wave of similar “slate” tablet devices. As reported by CNET, Lenovo said that it’s not developing a slate device because it’s customers simply don’t want it.
Keyboards have long been a selling point for Lenovo’s computers (something it inherited from when IBM was still making Thinkpads). according to the company, it was the lack of keyboards that turned its customers off of slate tablets. Lenovo’s Thinkpad line is particularly popular among business users, and they likely weighed in heavily when the company was looking for feedback on slate tablets."
Keyboards have long been a selling point for Lenovo’s computers (something it inherited from when IBM was still making Thinkpads). according to the company, it was the lack of keyboards that turned its customers off of slate tablets. Lenovo’s Thinkpad line is particularly popular among business users, and they likely weighed in heavily when the company was looking for feedback on slate tablets."
Sunday, February 21, 2010
Saturday, February 20, 2010
Consult A Doctor Closes $5 Million VC Round
Consult A Doctor Closes $5 Million VC Round
Consult A Doctor 24/7, a leading provider of consumer driven telemedicine solutions announced that it closed a $5 million Series A round financing.
MIAMI, FL (PRWEB) February 16, 2010 -- Consult A Doctor 24/7, a leading provider of consumer driven telemedicine solutions that drive down healthcare costs, announced that it closed a $5 million Series A round financing. Consult A Doctor’s financing was led by Morgenthau Venture Partners, and joined by New World Angels and Promociones Bursa, an international consortium of investors in healthcare and technology.
"This financing provides working capital to accelerate the adoption and utilization of our consumer directed telemedicine services and to expand additional cost cutting services such as Consult A Specialist, Labs and a flu program to name a few,” said Wolf Shlagman, Founder and Chief Executive Officer of Consult A Doctor. Shlagman goes on to say “Consult A Doctor’s health care solutions accelerate the transformation to a consumer-driven healthcare revolution that lowers costs while providing greater access to affordable, quality health care - giving more choice, more control and more savings to everyone.”
“We recognize that the completion of this financing represents support for both our business model and the overwhelming demand for lower-cost healthcare services and delivery in the United States and worldwide. Consult A Doctor looks forward to continuing to execute on that strategy and achieving several well-defined milestones in 2010.”
“Numerous research studies in the last 12-24 months indicate that consumer driven telemedicine solutions such as those provided by Consult A Doctor, can considerably drive down costs of healthcare access and delivery. We feel these solutions are key to future healthcare reform, and poised for growth over the next few years,” said Michael Andzel of Morgenthau Venture Partners, LLC.
“We are excited about this opportunity not only for Consult A Doctor’s industry leadership and growth strategy but also as this is the second time we have co-invested with Morgenthau,” said Rhys Williams, President of the New World Angels. “It brought together sophisticated international technology investors, a well-known venture capital firm, and New World Angels, a group of over 40 highly skilled entrepreneurs from across the country who decided to live and invest in the South Florida area.”
The transaction was assisted by the law firms of Edwards, Angell, Palmer and Dodge, West Palm Beach, FL, Cary, Rodriguez, Greenberg and Paul, LLC, Miami, FL, and Groundwork Equity, Management Consultants, Los Angeles, CA and CP Capital Securities, Miami, FL.
About Consult A Doctor 24/7
Consult A Doctor partners with health plans, self-insured groups, TPA, brokers and various other groups to offer convenient 24/7 access to physicians for phone and secure email medical consultations. Its proprietary nationwide on-demand cross-coverage network of U.S. licensed primary care physicians and specialists provide specific answers to medical questions and advice regarding non-emergency, routine medical conditions. All Consult A Doctor physicians are carefully screened, credentialed and have malpractice coverage insurance. They use numerous healthcare technologies such as decision support systems, PDR’s, EMR’s and e-prescribing technologies to discuss symptoms, recommend treatment options, diagnose many minor conditions, and prescribe medication when appropriate. Consult A Doctor’s Consumer-Driven Telemedicine service reduces healthcare cost for all payers by providing members with more convenient and more efficient access to medically equivalent care in a lower-cost setting. Consult A Doctor services are proven to considerably reduce unnecessary doctor, ER and urgent care visits while reducing sick leave absenteeism and presenteesim.
For more information about Consult A Doctor – please call 888-688-DOCTOR (3628) or visit http://www.consultadoctor.com
Friday, February 19, 2010
U.S. Venture Capital Investors See Thaw In Russia's Cold Market
"Venture capital funding slowed everywhere last year, but it all but dried up in Russia, where investment fell nearly 98% from 2008.
Now, Russia's domestic stock market is bouncing back, creating a healthier IPO outlook that could increase venture capital flows into the emerging economy, especially for early-stage companies involved in the red-hot nanotechnology arena.
"The IPO market is opening up, and that's creating some optimism about the potential of venture capital in Russia," said Alexandra Johnson, managing director of DFJ VTB Aurora, a partnership of Silicon Valley's Draper Fisher Jurvetson and Russia's VTB Bank. "An IPO is not a rarity anymore. Now there is more of an exit strategy, with M&A or an IPO. Right now, you hear IPO talk for five or six companies.""
Now, Russia's domestic stock market is bouncing back, creating a healthier IPO outlook that could increase venture capital flows into the emerging economy, especially for early-stage companies involved in the red-hot nanotechnology arena.
"The IPO market is opening up, and that's creating some optimism about the potential of venture capital in Russia," said Alexandra Johnson, managing director of DFJ VTB Aurora, a partnership of Silicon Valley's Draper Fisher Jurvetson and Russia's VTB Bank. "An IPO is not a rarity anymore. Now there is more of an exit strategy, with M&A or an IPO. Right now, you hear IPO talk for five or six companies.""
Thursday, February 18, 2010
Katalyst Media: @aplusk production company
Basic Info
- Founded:
- 2000
Detailed Info
- Website:
- http://www.katalystfilms.com
http://www.blahgirls.com
http://www.twitter.com/aplusk
http://www.myspace.com/ashtonkutcher - Company Overview:
- Based in Los Angeles and New York, Katalyst is an original content production company and studio for social media, creating properties for digital media, television and film properties. The Katalyst mission is to create thought-provoking and compelling content for multiple platforms.
Founded in 2000 by partners Ashton Kutcher and Jason Goldberg, Katalyst's film credits include “The Butterfly Effect” and “Guess Who,” as well as the upcoming feature films “Spread” and “Five Killers.” Television... (read more) - Mission:
- To create thought-provoking and compelling content for multiple platforms.
- Products:
- Current Television:
THE BEAUTIFUL LIFE (CW)
TRUE BEAUTY (ABC)
GAME SHOW IN MY HEAD (CBS)
OPPORTUNITY KNOCKS (ABC)
BEAUTY & THE GEEK (CW)
Past Television:
MISS GUIDED (ABC)
ROOM 401 (MTV)
POP FICTION (E!)
REAL WEDDING CRASHERS (NBC)
PUNK'D (MTV)
ADVENTURES IN HOLLYHOOD (MTV)
Features:
FIVE KILLERS (in production)
SPREAD (in theaters 8/14/09, http://bit.ly/33YtNF)
GUESS WHO (2005)
THE BUTTERFLY EFFECT (2004)
New Media:
BLAH GIRLS (http://www.blahgirls.com/)
KATALYST HQ (http://www.funspace.com/katalysthq)
I PLEDGE (http://bit.ly/7Q7E)
24 HOURS
iRobot - still chugging along
iRobot designs and builds robots that make a difference.
iRobot was founded in 1990 when Massachusetts Institute of Technology roboticists Colin Angle and Helen Greiner teamed up with their professor Dr. Rodney Brooks with the vision of making practical robots a reality.
In 2008, iRobot generated more than $307 million in revenue and employed more than 400 of the robot industry’s top professionals, including mechanical, electrical and software engineers and related support staff. iRobot stock trades on the NASDAQ stock market under the ticker symbol IRBT.
iRobot’s corporate headquarters are located in Bedford, Mass. The company also has offices in Virginia, North Carolina, Michigan, California, the United Kingdom, France, India, China and Hong Kong.
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iRobot has made some of the world’s most important robots.
iRobot Home Robots: The smarter way to get it done
iRobot’s home robots are revolutionizing the way people clean – inside and out. More than 4 million home robots have been sold worldwide. The award-winning iRobot® Roomba® floor vacuuming robot is leading the charge. Roomba made practical robots a reality for the first time and showed the world that robots are here to stay. iRobot’s acclaimed line of home robots also includes the iRobot Scooba® floor washing robot, the iRobot Dirt Dog® shop sweeping robot, the iRobot Verro™ pool cleaning robot and the iRobot Looj™ gutter cleaning robot.
iRobot Government & Industrial Robots: Protecting those in harm’s way
iRobot’s combat-proven government and industrial robots perform multiple missions – on the land and in the sea. More than 3,000 iRobot® PackBot® tactical mobile robots have been delivered to military and civil defense forces worldwide, performing thousands of dangerous search, reconnaissance and bomb-disposal missions while keeping troops out of harm’s way. iRobot’s line of government and industrial robots also includes the iRobot Negotiator™, an affordable surveillance robot for public safety professionals, and the iRobot Warrior, a large and rugged robot designed to carry 150-pound payloads. As a key partner in the U.S. Army’s Brigade Combat Team Modernization program, iRobot is developing the next-generation Small Unmanned Ground Vehicle (SUGV). Seaglider™ and Ranger, iRobot’s Unmanned Underwater Vehicles (UUVs), perform a variety of missions for maritime researchers and military planners.
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As a pioneer in the robot industry, iRobot’s goal is to drive innovation, serve as an industry catalyst and change the world by fueling the era of robots.
To support and encourage the development of robot technology, iRobot offers comprehensive resources for third-party developers, providing information and products that facilitate the creation and easy integration of new payloads, behaviors and capabilities on iRobot platforms. iRobot collaborates with external developers from government agencies, academic institutions and small and large businesses to create and bring to market innovations that help warfighters and public safety professionals tackle dangerous missions with less risk.
iRobot's Research Group performs cutting-edge research to meet the advanced needs of sponsors with integrated robotic solutions. The Research Group pursues R&D opportunities with leading academic research institutions, businesses and other technology innovators, leveraging experience as a systems integrator and putting together best-in-class teams of partners from a wide range of technology areas.
iRobot’s unique and multi-faceted Educational Outreach Program, which includes classroom visits and tours of our company headquarters, is designed to inspire students to choose careers in the robot industry and become the roboticists of tomorrow. iRobot SPARK (Starter Programs for the Advancement of Robotics Knowledge) also brings the exciting, fun and educational world of robots into the classroom. A web portal resource for students, teachers and parents, SPARK helps teach science, technology, engineering and math in fun and interesting new ways. In addition, the iRobot Create(R) programmable mobile robot provides educators, students and developers with an affordable, pre-assembled platform for hands-on programming and development.
With nearly two decades of leadership in the robot industry, iRobot remains committed to providing platforms for invention and discovery, developing key partnerships to foster technological exploration and building robots that improve the quality of life and safety standards worldwide.
Fast Retailing
FAST RETAILING CO., LTD. and its mainstay UNIQLO operation continue to enjoy growth by offering high-quality casual wear at reasonable prices. We have done this by establishing a SPA manufacturer/retailer business model that enables us to control all stages of the supply process from product design to the procurement of materials, quality control, inventory adjustments, and end sales.
We opened our first UNIQLO store in 1984 in Japan, sparking a nationwide UNIQLO boom with our fleece campaign in 1998. Having then experienced a period of falling revenue and shrinking income, we quickly boosted our performance back up again by expanding our women’s wear appeal.
We began our expansion into international markets in 1991 beginning in the UK and then venturing into China, Hong Kong, South Korea, the USA, France and Singapore. As of end October 2009, we now boast 790 stores in Japan and 112 stores in other international markets.
We continue to transform ourselves into a successful corporate group. In an attempt to diversify our operational base, we embarked on an M&A program in 2005 and have since purchased a range of companies worldwide, including the French women’s fashion developer COMPTOIR DES COTONNIERS, French lingerie brand PRINCESSE TAM.TAM, a Japanese footwear operation, Japanese women’s fashion developer CABIN, and LINK THEORY HOLDINGS CO., LTD., developer of the theory brand.
Indian Premier League expected to generate $2B revs in its first decade
918M in TV rights
108m in promotion
724m in franchises
Cisco says collaboration is a $34b market
Tony Bates, SVP says CSCO introduced 61 new technologies in 2009. Impressive.
Hot company: Spotify - 6m users, 6m tracks..about to enter US mkt
"Spotify is a new way to enjoy music. Simply download and install, before you know it you’ll be singing along to the genre, artist or song of your choice. With Spotify you are never far away from the song you want.
There are no restrictions in terms of what you can listen to or when. Forget about the hassle of waiting for files to download and fill up your hard drive before you get round to organising them. Spotify is instant, fun and simple.
Because music is social, Spotify allows you to share songs and playlists with friends, and even work together on collaborative playlists, Friday afternoon in the office might never be the same again! We’re music lovers like everyone else.
We want to connect millions of people with their favorite songs by creating a product that people love to use. We respect creativity and believe in fairly compensating artists for their work. We’ve cleared the rights to use the music you’ll listen to in Spotify."
Wednesday, February 17, 2010
NYTimes: Turning Patents Into ‘Invention Capital’
"Nathan Myhrvold wants to shake up the marketplace for ideas. His mission and the activities of the company he heads, Intellectual Ventures, a secretive $5 billion investment firm that has scooped up 30,000 patents, inspire admiration and angst.
Admirers of Mr. Myhrvold, the scientist who led Microsoft’s technology development in the 1990s, see an innovator seeking to elevate the economic role and financial rewards for inventors whose patented ideas are often used without compensation by big technology companies. His detractors see a cynical operator deploying his bulging patent trove as a powerful bargaining chip, along with the implied threat of costly litigation, to prod high-tech companies to pay him lucrative fees. They call his company “Intellectual Vultures.”"
Monday, February 15, 2010
China Telecom, KDDI and Verizon Wireless Join the GSMA as Mobile Operators around the World Commit to LTE
The GSMA today announced that China Telecom, KDDI and Verizon Wireless have gained membership to the GSMA following their commitment to deploy commercial services based on Long-Term Evolution (LTE), the next-generation wireless technology for Mobile Broadband. China Telecom, KDDI, and Verizon Wireless are three of the world’s largest CDMA operators and will begin the commercial deployments of LTE as early as 2010. LTE, when combined with the expansive footprint of these operators’ existing Mobile Broadband services, will deliver high-speed services to more than 150 million* customers over the next three years. Qualcomm has also joined the GSMA as an associate member and will work with the operators to aid the smooth integration of LTE with existing Mobile Broadband technologies.
“With its compelling, high-speed and cost-effective network architecture, LTE is bringing the GSM and CDMA communities together. We are delighted that China Telecom, KDDI, and Verizon Wireless have joined the GSMA along with Qualcomm, and will be among the first operators to launch commercial LTE services,” said Alex Sinclair, Chief Technology and Strategy Officer at the GSMA. “The rapid rise in demand for Mobile Broadband devices, applications and services is driving both GSM and CDMA operators to evolve their network infrastructures and embrace new, cutting-edge technologies, and LTE is widely regarded as ‘the’ Mobile Broadband technology that will be adopted by the vast majority of mobile operators globally.”
“As the largest state-owned operator in China, China Telecom is very excited to join the GSMA, which will enable us to extend our reach and network across the global mobile ecosystem,” said Mr. Cao Lei, Director of Technology, China Telecom.
“We have succeeded in bringing our customers satisfaction with the performance and quality of services via our CDMA network, but the growing demand for broader bandwidth and richer multimedia applications drove us to move towards LTE. We look forward to deploying LTE by the end of 2012 and the benefits a global ecosystem for Mobile Broadband will provide,” said Tadashi Onodera, President and Chairman, KDDI.
“User demand for Mobile Broadband services is today’s key network driver, and LTE provides a valuable addition for operators to address this demand,” said Andrew Gilbert, Executive Vice President and President of Qualcomm Internet Services and Qualcomm Europe. “LTE has the advantage of leveraging the existing 3G Mobile Broadband ecosystem, which includes hundreds of successful operators, vendors and developers already achieving significant economies of scale. These partnerships – and the collaborations they enable – greatly amplify LTE’s benefits and clear the path for future Mobile Broadband growth.”
Dick Lynch, Executive Vice President and Chief Technology Officer of Verizon, said, “In the one year since Verizon Wireless first announced our LTE plans here at Mobile World Congress, LTE has quickly become the global technology choice for 4G. We’re proud of that global leadership, and believe our work will advance by aligning with the GSMA’s mission and members to advance LTE throughout the globe.”
LTE is set to out-perform most of today’s fixed-line broadband networks by delivering very fast, highly responsive mobile voice and data services with peak rate speeds of up to 100Mbs downlink and 50Mbs uplink. LTE was developed to enable a significant increase in the bandwidth achievable over mobile networks, while also boosting network capacity and reducing latency. LTE is designed to be interoperable with widely-used global technologies such as GPRS, WCDMA and HSPA, building on the all-pervasive international roaming capabilities available today. This will allow mobile operators deploying LTE to provide a seamless service and multi-mode devices for their customers, who will benefit from using high-speed mobile internet to surf the web or download applications wherever they are on a wide range of devices.
More than 74 mobile operators from around the world have committed to plans, trials or deployments for LTE, with many more commitments expected to be announced over the coming year. The world’s first commercial LTE network was launched at the end of 2009 in Sweden by TeliaSonera, with NTT DoCoMo in Japan on track to join China Telecom and Verizon Wireless in deploying commercial LTE services by the end of 2010. LTE is expected to experience substantial growth over the next three years with research firm Infonetics predicting the number of global LTE connections to exceed 72 million by 2013**
Secret Tech Startups
This group is for bay area technology enthusiasts to inspire others by sharing both secret/stealth and top bay area tech startups
Share tech startup secrets! Post any lesser known startups. Please give details on what makes them a hidden gem.
Feel free to contribute:
- Best VC
- Best VC firm
- Best VC deal 2009
- Best online backup
- Best startup CEO
- Best free security/AV
- Best chat app
- Best ecommerce
- Best startup law firm
- Best young entrepreneur
Saturday, February 13, 2010
Cisco CEO Chambers - Aggressive and Optimistic on the Future Despite Headline News
"Our outstanding Q2 results exceeded our expectations and we believe they provide a clear indication that we are entering the second phase of the economic recovery. During the quarter we saw dramatic across the board acceleration and sequential improvement in our business in almost all areas"
Cisco's Q2 results beat expectations, and the company's CEO discusses the results and the future of the company.
- Undeniable dramatic improvement never seen before
- Orders up 11% y.y
- US orders up 17% balanced across segments
- Top 3 quarters in history
"We are confident that our aggressive strategy of investing in the business during the downturn and our focus on innovation, operational excellence, and productivity are driving our momentum and growth in the market. We believe that we are extremely well-positioned—by geography, in our customer segments, and in our key product categories—as economies around the world continue to improve and our customers increase their technology investments."
"Our outstanding Q2 results exceeded our expectations and we believe they provide a clear indication that we are entering the second phase of the economic recovery. During the quarter we saw dramatic across the board acceleration and sequential improvement in our business in almost all areas," said John Chambers, chairman and chief executive officer, Cisco.
From a financial perspective, the quarter was very strong, well exceeding even our own optimistic expectations. In our opinion, the second quarter marked the second phase of the recovery, with additional across-the-board acceleration in almost all of our geographies and market segments.
Revenues of $9.8 billion, increasing 8 percent year-over-year, were dramatically above the high end of our expectations of an increase of 1 percent to 4 percent. Second-quarter revenues showed a 9 percent sequential increase over our first-quarter revenues, the highest fiscal first quarter-to-second quarter sequential increase I've seen in the last decade.
Cash generated from operations in the second quarter was approximately $2.5 billion, and we repurchased $1.5 billion of stock during the quarter under our repurchase program.
Product book to bill was approximately 1.
Services continued its strong growth, with year-over-year revenue growth of approximately 6 percent.
Robert Kotick, president and CEO of Activision Blizzard, discusses the company's earnings and outlook.
"We exceeded our quarterly financial goals as the video game market continues to grow and our franchises continue to perform. "
Robert Kotick, president and CEO of Activision Blizzard, discusses the company's earnings and outlook. Due to the better-than-expected performance of its titles at retail, Activision Blizzard (Nasdaq: ATVI) announced today that its March quarter net revenues and earnings per diluted share are tracking ahead of the company's prior outlook. On February 11, 2009, the company provided an outlook for the March quarter of $860 million in GAAP net revenues and GAAP earnings per diluted share of $0.08. On a non-GAAP basis, on February 11, 2009, the company provided an outlook of $550 million in net revenues and earnings per diluted share of $0.03.
"Global consumer response to the Call of Duty(R) and Guitar Hero(R) franchises and Blizzard Entertainment's World of Warcraft(R) remains strong despite the challenging economic environment," said Robert Kotick, CEO of Activision Blizzard. "We exceeded our quarterly financial goals as the video game market continues to grow and our franchises continue to perform. This bodes well for our upcoming spring titles Transformers(TM): Revenge of the Fallen, X-Men Origins: Wolverine(TM) and Ice Age(TM): Dawn of the Dinosaurs, which are inspired by theatrical feature films releases, Prototype(TM), a new intellectual property, and the release of Guitar Hero Smash Hits(TM) as well as continued sales of our recently released Guitar Hero Metallica(R) game."
Robert Kotick, president and CEO of Activision Blizzard, discusses the company's earnings and outlook. Due to the better-than-expected performance of its titles at retail, Activision Blizzard (Nasdaq: ATVI) announced today that its March quarter net revenues and earnings per diluted share are tracking ahead of the company's prior outlook. On February 11, 2009, the company provided an outlook for the March quarter of $860 million in GAAP net revenues and GAAP earnings per diluted share of $0.08. On a non-GAAP basis, on February 11, 2009, the company provided an outlook of $550 million in net revenues and earnings per diluted share of $0.03.
"Global consumer response to the Call of Duty(R) and Guitar Hero(R) franchises and Blizzard Entertainment's World of Warcraft(R) remains strong despite the challenging economic environment," said Robert Kotick, CEO of Activision Blizzard. "We exceeded our quarterly financial goals as the video game market continues to grow and our franchises continue to perform. This bodes well for our upcoming spring titles Transformers(TM): Revenge of the Fallen, X-Men Origins: Wolverine(TM) and Ice Age(TM): Dawn of the Dinosaurs, which are inspired by theatrical feature films releases, Prototype(TM), a new intellectual property, and the release of Guitar Hero Smash Hits(TM) as well as continued sales of our recently released Guitar Hero Metallica(R) game."
Ernst & Young: VENTURE CAPITAL 2009 INVESTMENTS IN CLEANTECH FALL 50%
US venture capital (VC) investment in cleantech companies in Q4 2009 decreased 45% to $564.5 million compared to the prior quarter while the number of deals increased 21% to 62, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. Investment in 2009 reached $2.6 billion in 193 financings rounds, a decline of 50% in terms of dollars and 16% in terms of deals compared to the record investment levels of 2008.
"These results reflect the easing of an investment cycle largely driven by the significant capital demands of solar companies and a shift toward energy efficiency products with lower funding requirements and potentially faster commercialization," says John de Yonge, Ernst & Young LLP, Associate Director, Americas Cleantech Network. "Energy efficiency is in the sweet spot of many venture capital investors in terms of skill sets and funding parameters, particularly given its basis in information technology. Consequently, we may see investor participation in cleantech broaden."
In 2009, the number of financing rounds in the Energy Efficiency category -- encompassing technology areas such as smart grid and residential and commercial energy management solutions -- grew in absolute terms by 11% to 61, making it the number one area of cleantech deal activity. The Energy Efficiency category share of total financing activity in 2009 rose from 24% to 32%. At the same time, the share of financing rounds directed to the more capital intensive Energy/Electricity Generation category fell from 30% to 18%. Similarly, the share of deals going to Alternative Fuels declined from 13% to 8%.
Investment in top cleantech categories
The Energy Efficiency category received the most US VC investment in Q409, with $252.8 million and 22 deals, compared to $133.7 million and 14 deals in Q309. This category raised $593.3 million for all of 2009. The largest deal of Q409 in Energy Efficiency -- and across all cleantech segments -- was the $105.0 million investment in Silver Spring Networks Inc, a provider of networking infrastructure and services for smart grids, based in Redwood City, CA.
The Energy/Electricity Generation category garnered $118.5 million with 11 deals in Q409, down from the $316.5 million invested in 8 deals in the prior quarter; $654.6 million was invested in this category in 2009. The largest deal in Q409 was the $38 million raised by Nordic Windpower Holdings Inc., based in Berkley, CA.
The Industry Focused Products and Services category raised $76.7 million in Q409 with 11 deals and $608 million throughout 2009. The funding in this segment was led by the transportation industry, which raised $33.8 million in Q409 and $362.7 million for the year, propelled by investments such as the $82.5 million in the electric car company Tesla based in San Carlos, CA. According to a recent study conducted by Ernst & Young's Global Automotive Center, over 10% of US drivers -- or approximately 20 million people -- would consider purchasing a plug-in hybrid or electric vehicle.
Regional cleantech investment
The San Francisco Bay Area was the leading region for cleantech investment in 2009, with $1.2 billion invested for the year and $295.6 million in Q4. Southern California came in second place with annual investment of $329.5 million and Q4 investment of $30.5 million. New England was the third-largest regional cleantech center with $283.7 million for the year and $38.0 for Q4.
Cleantech market drivers beyond venture capital
The US government continues to serve as an influential cleantech investor. Under the Section 48C Advanced Energy Manufacturing Tax Credit of the American Recovery and Reinvestment Act, $2.3 billion was recently awarded to 183 cleantech manufacturing projects in 43 states. An Ernst & Young analysis of these awards shows that venture-backed projects received $402 million in awards. President Obama's 2011 budget proposal would provide an additional $5 billion appropriation for the Section 48C program, offering further support for cleantech development.
The US Patent and Trademark Office is further supporting government commitments to cleantech solutions by examining certain "green" technology applications to reduce the time required to patent these technologies by an average of one year.
Large corporations are accelerating adoption of clean technologies to create a competitive advantage through resource efficiency, sustainable growth and cleantech-driven revenue opportunities. In a recent Ernst & Young study of executives at global corporations with revenues in excess of $1 billion, over 50% of respondents indicated their companies' intentions to spend at least US$10 million on cleantech products and services by the end of 2010, with 22% predicting a cleantech spend of at least US$100 million.
US public markets investment in clean energy totaled $2.8 billion in 2009, according to Bloomberg New Energy Finance. With capital markets showing signs of improvement, three cleantech companies recently filed to raise up to $500 million in initial public offerings, according to Thomson Reuters. The largest transaction is expected to be the offering by Solyndra, Inc., which anticipates raising $300 million.
US cleantech merger and acquisition activity reached 53 transactions with a disclosed value of $3.5 billion, according IHS Herold. Nearly half of this activity in took place in Q4 2009, which saw 22 transactions with a disclosed value of $1.7 billion. One notable fourth quarter deal is the acquisition of Clipper Windpower by United Technologies Corporation for $327.4 million.
About Ernst & Young's Strategic Growth Markets Network
Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.
"These results reflect the easing of an investment cycle largely driven by the significant capital demands of solar companies and a shift toward energy efficiency products with lower funding requirements and potentially faster commercialization," says John de Yonge, Ernst & Young LLP, Associate Director, Americas Cleantech Network. "Energy efficiency is in the sweet spot of many venture capital investors in terms of skill sets and funding parameters, particularly given its basis in information technology. Consequently, we may see investor participation in cleantech broaden."
In 2009, the number of financing rounds in the Energy Efficiency category -- encompassing technology areas such as smart grid and residential and commercial energy management solutions -- grew in absolute terms by 11% to 61, making it the number one area of cleantech deal activity. The Energy Efficiency category share of total financing activity in 2009 rose from 24% to 32%. At the same time, the share of financing rounds directed to the more capital intensive Energy/Electricity Generation category fell from 30% to 18%. Similarly, the share of deals going to Alternative Fuels declined from 13% to 8%.
Investment in top cleantech categories
The Energy Efficiency category received the most US VC investment in Q409, with $252.8 million and 22 deals, compared to $133.7 million and 14 deals in Q309. This category raised $593.3 million for all of 2009. The largest deal of Q409 in Energy Efficiency -- and across all cleantech segments -- was the $105.0 million investment in Silver Spring Networks Inc, a provider of networking infrastructure and services for smart grids, based in Redwood City, CA.
The Energy/Electricity Generation category garnered $118.5 million with 11 deals in Q409, down from the $316.5 million invested in 8 deals in the prior quarter; $654.6 million was invested in this category in 2009. The largest deal in Q409 was the $38 million raised by Nordic Windpower Holdings Inc., based in Berkley, CA.
The Industry Focused Products and Services category raised $76.7 million in Q409 with 11 deals and $608 million throughout 2009. The funding in this segment was led by the transportation industry, which raised $33.8 million in Q409 and $362.7 million for the year, propelled by investments such as the $82.5 million in the electric car company Tesla based in San Carlos, CA. According to a recent study conducted by Ernst & Young's Global Automotive Center, over 10% of US drivers -- or approximately 20 million people -- would consider purchasing a plug-in hybrid or electric vehicle.
Regional cleantech investment
The San Francisco Bay Area was the leading region for cleantech investment in 2009, with $1.2 billion invested for the year and $295.6 million in Q4. Southern California came in second place with annual investment of $329.5 million and Q4 investment of $30.5 million. New England was the third-largest regional cleantech center with $283.7 million for the year and $38.0 for Q4.
Cleantech market drivers beyond venture capital
The US government continues to serve as an influential cleantech investor. Under the Section 48C Advanced Energy Manufacturing Tax Credit of the American Recovery and Reinvestment Act, $2.3 billion was recently awarded to 183 cleantech manufacturing projects in 43 states. An Ernst & Young analysis of these awards shows that venture-backed projects received $402 million in awards. President Obama's 2011 budget proposal would provide an additional $5 billion appropriation for the Section 48C program, offering further support for cleantech development.
The US Patent and Trademark Office is further supporting government commitments to cleantech solutions by examining certain "green" technology applications to reduce the time required to patent these technologies by an average of one year.
Large corporations are accelerating adoption of clean technologies to create a competitive advantage through resource efficiency, sustainable growth and cleantech-driven revenue opportunities. In a recent Ernst & Young study of executives at global corporations with revenues in excess of $1 billion, over 50% of respondents indicated their companies' intentions to spend at least US$10 million on cleantech products and services by the end of 2010, with 22% predicting a cleantech spend of at least US$100 million.
US public markets investment in clean energy totaled $2.8 billion in 2009, according to Bloomberg New Energy Finance. With capital markets showing signs of improvement, three cleantech companies recently filed to raise up to $500 million in initial public offerings, according to Thomson Reuters. The largest transaction is expected to be the offering by Solyndra, Inc., which anticipates raising $300 million.
US cleantech merger and acquisition activity reached 53 transactions with a disclosed value of $3.5 billion, according IHS Herold. Nearly half of this activity in took place in Q4 2009, which saw 22 transactions with a disclosed value of $1.7 billion. One notable fourth quarter deal is the acquisition of Clipper Windpower by United Technologies Corporation for $327.4 million.
About Ernst & Young's Strategic Growth Markets Network
Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.
Friday, February 12, 2010
Thursday, February 11, 2010
1BOG Raises $5 million Series A round of financing from New Enterprise Associates
Solar Group Purchase Company Raises $5 million From Global Venture Capital Firm For Rapid Expansion
One Block Off the Grid (1BOG), the nation’s largest solar consumer advocate, today announced that the company has closed a $5 million round of Series A financing from New Enterprise Associates (NEA). NEA is a leading global venture capital firm with more than $11 billion in committed capital and a 30-year track record of successful investing.
Since late 2008, 1BOG’s innovative model to provide group discounts and vendor-agnostic advice, have helped bridge the gap between homeowners and solar installers. The company is responsible for the installation of around 600 residential solar electric systems to date. The financing will support 1BOG’s national expansion strategy to rapidly boost US adoption of residential solar.
“1BOG’s team has applied a unique yet simple approach to solving the solar market’s incumbent challenges, one that taps into the power of community and makes solar more accessible for American homeowners,” said Ravi Viswanathan, General Partner at NEA. “We believe this company provides the solar industry’s missing link; scaling 1BOG’s model will create a tipping point for mass adoption of residential solar energy.”
By providing unbiased support for homeowners interested in solar, 1BOG empowers people to make sound investments in money – and energy-saving – technology.
“The financial and environmental benefits of solar are well documented, but residential adoption is still less than one percent. By simply applying transparency to pricing and process, 1BOG has the potential to modernize, and turbo-charge the solar industry,” said Dave Llorens, CEO 1BOG. “Our ability to secure Series A funding in a tepid economic climate is testament to our sound strategy to meet consumer demand for clean energy while strengthening overall public perception and support of solar.”
Monday, February 08, 2010
Sunday, February 07, 2010
Nytimes: online dating market stats
- Online dating is a $976 million annual industry in the United States, according to estimates from Marketdata Enterprises, a research firm
- Match.com, with an estimated 1.2 million paid subscribers, had revenue of about $365 million in 2008, Mr. LaRosa estimates.
- EHarmony, meanwhile, with about 656,000 paid members, had estimated revenue of $216 million that year
- ScientificMatch.com, charges $1,995.95 for a lifetime membership; chemistry.com is $50 for a one-month membership, compared with about $35 for Match.com.
- both ScientificMatch.com and Chemistry.com are refinements of an idea originally developed by eHarmony.com.
- Match.com, with an estimated 1.2 million paid subscribers, had revenue of about $365 million in 2008, Mr. LaRosa estimates.
- EHarmony, meanwhile, with about 656,000 paid members, had estimated revenue of $216 million that year
- ScientificMatch.com, charges $1,995.95 for a lifetime membership; chemistry.com is $50 for a one-month membership, compared with about $35 for Match.com.
- both ScientificMatch.com and Chemistry.com are refinements of an idea originally developed by eHarmony.com.
Post Gazette: Apple iPad could change the game again
"With all the chatter about Apple's iPad, you'd think it was the first tablet computer ever available, although tablet computing has been around awhile.
Bill Gates in 2001 predicted tablet computing would overtake traditional computers by 2006, and Apple itself noodled around with its Newton PDA tablet for almost a decade. I have been writing my columns for several years on a small, lightweight tablet computer. If you don't have a tablet PC, Wacom offers a whole line of separate tablet cursor controls that attach to PCs via USB. (I expect to review these in the near future.)"
Saturday, February 06, 2010
John H. Doyle II: Investing in Brazilian Digital Media
Against the backdrop of the recent global downturn, Brazil is emerging as an appealing market for investors. Though its economy, the largest in Latin America, was undoubtedly impacted by the downturn, Marciliano Freitas of Harpia Ventures observes that “Brazil’s GDP only decreased in 4Q08 and 1Q09, so the country experienced just two quarters of recession and year-over-year presented growth.” The Bovespa Index also climbed 82.7% in 2009—the highest of any stock market— amidst rising domestic consumption, political stability, and 5% annual economic growth, yet despite these gains, Brazilian stocks still trade at 12.9x forward earnings, compared with 19.1x in China and 18.4x in India.
This potential for growth, along with low labor costs—the average computer programmer makes $17,270 a year in Brazil versus $72,000 in the US—is attracting foreign entries into the Brazilian tech sector. Companies like Google, Yahoo, and Microsoft are already well-represented, while IBM formed the Sao Paulo IBM Innovation Center in August to stimulate development of Brazilian technology.
Digital media companies, however, are not the only players seizing opportunities in Brazil. ABVCAP estimates that venture and private capital inflows from foreign investors have totaled $22 billion over the past five years, and a survey conducted by Coller Capital in April 2009 shows Brazil ranking as the second most attractive investment destination in the world behind China. Carlyle Group revealed plans in September for a heavy push into Brazil, citing macroeconomic stability and increased openness to private equity, following the inceptions of a $50 million fund by Intel Capital in 2006 and a $170 million fund by a partnership between Draper Fisher Jurvetson and a local firm in 2007.
Claudia Fan Munce, managing director of IBM Venture Capital Group, remarked during IBM’s Innovation Center announcement, “We have been watching Brazil for a while. The time is right.”
----
Investing in Brazilian Digital Media
Peachtree Media Advisors is partnering with Harpia Ventures to introduce investors to the Brazilian digital media space and showcase a pipeline of early and growth stage companies. The following receptions are being held to provide venture capital and institutional investors with insight on the Brazilian digital media M&A marketplace:
March 16 in New York, NY at the Yale Club
March 18 in Boston, MA (location TBA)
March 22 in Redwood City, CA at the Sofitel San Francisco Bay
The receptions will discuss economic growth in Brazil; development of the digital media sector, including successful mobile and internet-based models; and ways to participate in the Brazilian digital media and technology pipeline.
This potential for growth, along with low labor costs—the average computer programmer makes $17,270 a year in Brazil versus $72,000 in the US—is attracting foreign entries into the Brazilian tech sector. Companies like Google, Yahoo, and Microsoft are already well-represented, while IBM formed the Sao Paulo IBM Innovation Center in August to stimulate development of Brazilian technology.
Digital media companies, however, are not the only players seizing opportunities in Brazil. ABVCAP estimates that venture and private capital inflows from foreign investors have totaled $22 billion over the past five years, and a survey conducted by Coller Capital in April 2009 shows Brazil ranking as the second most attractive investment destination in the world behind China. Carlyle Group revealed plans in September for a heavy push into Brazil, citing macroeconomic stability and increased openness to private equity, following the inceptions of a $50 million fund by Intel Capital in 2006 and a $170 million fund by a partnership between Draper Fisher Jurvetson and a local firm in 2007.
Claudia Fan Munce, managing director of IBM Venture Capital Group, remarked during IBM’s Innovation Center announcement, “We have been watching Brazil for a while. The time is right.”
----
Investing in Brazilian Digital Media
Peachtree Media Advisors is partnering with Harpia Ventures to introduce investors to the Brazilian digital media space and showcase a pipeline of early and growth stage companies. The following receptions are being held to provide venture capital and institutional investors with insight on the Brazilian digital media M&A marketplace:
March 16 in New York, NY at the Yale Club
March 18 in Boston, MA (location TBA)
March 22 in Redwood City, CA at the Sofitel San Francisco Bay
The receptions will discuss economic growth in Brazil; development of the digital media sector, including successful mobile and internet-based models; and ways to participate in the Brazilian digital media and technology pipeline.
PEACHTREE
MEDIA ADVISORS
Friday, February 05, 2010
Thursday, February 04, 2010
Games.com: How to snag a Mafia Wars Bangkok passport
"The newest live city we can travel to in Mafia Wars is Bangkok, but accessing it is not as easy as before: we need to collect three items and a Thai Passport (referred to as Bangkok passport) before starting to explore the new and cool area. But... how can one get a Bangkok Passport?
That's the tricky part, but we can do it with a little help and some perseverance. First of all, before even attempting to get the Bangkok Passport, you must collect three items:
- a Triad Coin (dropped randomly in the New York Solider Tier)
- a Yakuza Sake (dropped randomly in the New York Hitman Tier)
- a Thai Note (dropped randomly in the New York Enforcer Tier)The job that can get you any of these items is marked with a golden elephant, so that's what you should be doing until you get them – some people get them instantly, others (like myself), get them really hard! Either way, once you get these three items, you can finally hope for the Thai Passport. There are three ways to get it:
1. First of, you should ask the clerk for a passport. He may give it to you by free – but the chances are really slim for this to happen. However, it's the first thing you must try and you can do it once per 10 hours.
2. If asking the clerk doesn't give you the Bangkok passport, you can pay Godfather Points for it. The Bangkok passport is pretty expensive at $7.50 (30 reward points) but at least it's a clear go.
3. Alternately, you can get the passport free of charge if you have active players who have already unlocked Bangkok in Mafia Wars: you can ask for a Thai passport from your friends and there's a really big chance for them to have one if they have unlocked Bangkok since it's a drop item in the jobs there."
- a Triad Coin (dropped randomly in the New York Solider Tier)
- a Yakuza Sake (dropped randomly in the New York Hitman Tier)
- a Thai Note (dropped randomly in the New York Enforcer Tier)The job that can get you any of these items is marked with a golden elephant, so that's what you should be doing until you get them – some people get them instantly, others (like myself), get them really hard! Either way, once you get these three items, you can finally hope for the Thai Passport. There are three ways to get it:
1. First of, you should ask the clerk for a passport. He may give it to you by free – but the chances are really slim for this to happen. However, it's the first thing you must try and you can do it once per 10 hours.
2. If asking the clerk doesn't give you the Bangkok passport, you can pay Godfather Points for it. The Bangkok passport is pretty expensive at $7.50 (30 reward points) but at least it's a clear go.
3. Alternately, you can get the passport free of charge if you have active players who have already unlocked Bangkok in Mafia Wars: you can ask for a Thai passport from your friends and there's a really big chance for them to have one if they have unlocked Bangkok since it's a drop item in the jobs there."
Spendmatters.com: IBM Acquires Master Data Mgmt co - Initiate Systems: Five Key Takeaways
"This morning, IBM announced that it was acquiring Initiate Systems, a leading provider in the customer data integration (CDI) and enterprise master patient index (EMPI) markets. For full coverage of the news, including potential implications for procurement and supplier management solutions, check out Spend Matters previous coverage of the announcement from earlier today. In the column, I tried to distill what CDI technology does by noting "Initiate's technology enables users (e.g., analysts, doctors, sales reps) to gain a unified perspective of a customer, patient, or entity across multiple fragmented data sources, in real time." I also explained how this is applicable to procurement and supplier management. But in a rush to get this story out, I neglected to prioritize a few key takeaways that are worth noting: ..."
Wednesday, February 03, 2010
BrightRoll Raises $10M in Funding from Scale Ventures Partners, True Ventures, Adams Street Capital and KPG Ventures
BrightRoll, the leading video advertising network, today announced it has secured $10M in Series C financing led by Scale Venture Partners, bringing the company’s total venture funding to $16M since its launch in July 2006. Existing investors True Ventures, Adams Street Capital and KPG Ventures also participated in this funding round. The company, which also announced today that it has been profitable for nearly the entire last 12 months, will use this round of financing to expand its technology platform, worldwide advertiser and publisher operations, and increase its leadership position in the U.S. BrightRoll also announced today that Rob Theis, Managing Director with Scale Venture Partners, has joined the board.
“Our first few years in business saw us rise to the top of the online advertising network rankings and reach profitability thanks to an emphasis on understanding our customers and the dynamic design of our cutting-edge technology platform. We proved we have the discipline to validate our model and long-term opportunity,” said Tod Sacerdoti, BrightRoll’s founder and CEO. “With these milestones achieved, we can use this new investment to drive growth at a time when there is more demand than ever for online advertising and we have the footing and track record to rapidly expand our solution set and grow in new and exciting directions.”
“The online video ad market will grow to billions of dollars over the next few years by disrupting the $70 billion television ad market,” said Rob Theis, Managing Director, Scale Venture Partners. “Given its momentum, even during the difficult 2009 economy, BrightRoll is well-positioned to extend its lead in this market. I’m excited to work with Tod and his team as they have become a preferred partner by many top agencies, advertisers and premier publishers.”
BrightRoll also disclosed today that it has surged ahead of Hulu in unique users per month, as measured by Quantcast, making BrightRoll the leading aggregator of premium video viewers in the United States. A number of milestones helped the company to achieve this industry-leading position, including its participation in Reckitt Benckiser’s $20M marketing shift spend to online in 2009. In tandem with a number of new pricing and measurement initiatives, BrightRoll opened a UK office and introduced global inventory access and Spanish-language targeting across the BrightRoll network of publishers, which includes three-quarters of the top 100 publishers in the United States.
Synopsys Acquires VaST Systems Technology Corporation
Acquisition extends Synopsys' virtual prototyping solutions into automotive and consumer applications
MOUNTAIN VIEW, Calif., Feb. 2 /PRNewswire-FirstCall/ -- Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today announced it has acquired VaST Systems Technology Corporation to extend its virtual prototyping solutions into the automotive and consumer application space. The acquisition adds a comprehensive set of processor sub-system models frequently found in automotive and consumer applications to Synopsys' virtual prototyping portfolio. Processor sub-system models allow developers to accelerate the virtualization of electronic systems and to start software development nine to 12 months prior to the availability of silicon.
"In order to meet the stringent development requirements associated with today's growing electronics and software content in automotive and consumer products, developers are virtualizing their electronic sub-systems to start software development earlier, improve their productivity and deliver better-tested, higher quality products," said Joachim Kunkel, senior vice president and general manager of the solutions group at Synopsys. "By adding VaST's complementary virtual prototyping solutions to Synopsys' existing virtual and rapid prototyping product portfolio, we can deliver a robust system prototyping solution to automotive and consumer application developers."
Virtualization is a key technology to improve software development productivity and system verification. Virtual prototypes enable pre-silicon software development and complement traditional hardware/software verification approaches. They represent one of the fastest-growing opportunities in the system-level design and verification market segment.
The terms of the deal, which closed February 1, are not being disclosed. Synopsys does not expect the transaction to have a material impact on 2010 revenue or earnings per share (EPS).
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design, verification and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, software-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has more than 65 offices located throughout North America, Europe, Japan, Asia and India. Visit Synopsys online at http://www.synopsys.com/.
Tuesday, February 02, 2010
Motorola Ventures Leads Investment Round in Scanbuy, Inc.
Scanbuy's "ScanLife" technology allows companies to connect customers with digital content using barcodes and camera phones
SCHAUMBURG, Ill. and NEW YORK, Feb. 2 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT), through its strategic investment arm, Motorola Ventures, today announced an investment in Scanbuy, Inc., a leader in mobile barcode solutions. Motorola acted as lead investor and was joined by Masthead Venture Partners, Hudson Ventures and select private investors. Financial terms of the investment were not disclosed.
Scanbuy's "ScanLife" platform provides a fast and easy way for advertisers to provide digital information to consumers through the use of barcodes and camera phones. With ScanLife, businesses can place one- or two-dimensional barcodes on their product packaging or in a magazine ad or other type of media. By using their ScanLife-enabled camera phones to view the barcode, consumers can immediately access information such as product reviews, price comparisons and coupon offers. With one click, users can link to a website, launch a video or share information via social networking tools like Facebook or Twitter. Barcodes placed on outdoor signage can connect people with information and directions to stores or other points of interest.
Business users can access the ScanLife Code Management Platform to track and analyze data such as scan quantities and locations, empowering them to better understand consumer habits and further target their advertising. Millions of people around the world already have ScanLife on devices using major operating systems like Android, BlackBerry OS, iPhone OS, Java and Symbian, extending the reach and power of the platform.
"Motorola has looked at this market very carefully and believes that Scanbuy has the best combination of technology and strong ecosystem partners in its space," said Reese Schroeder, managing director of Motorola Ventures. "Mobile barcodes are an extremely powerful tool for consumers, businesses and wireless providers, which makes this opportunity very exciting for Motorola. The camera quality, display capability and processing power of today's smartphones, coupled with advanced network speeds, now enable consumers and the advertising community to fully take advantage of mobile barcode technology."
"We have spent the last couple of years securing partnerships with leaders in the wireless ecosystem that now will set the stage for the expansion of mobile barcode technology around the world," said Jonathan Bulkeley, chief executive officer of Scanbuy. "We are thrilled to have a strategic investor like Motorola involved at this next stage of development. Their expertise and resources will contribute to mass adoption of this great technology."
About Motorola Ventures
Motorola Ventures is the global, strategic equity investment arm of Motorola. Its diversified portfolio focuses on "new-idea" companies and opportunities that complement Motorola's business strategy. Motorola Ventures invests at all stages in developing companies to accelerate access to new technologies, new markets and new talents. For more information, please visit www.motorola.com/ventures.
About Motorola
Motorola is known around the world for innovation in communications and focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $22 billion in 2009. For more information, please visit www.motorola.com.
About Scanbuy, Inc.
Scanbuy is the leading global provider of mobile barcode solutions that use the camera phone as the link between the physical world and the digital world. The ScanLife solution consists of a multi-barcode reader application and an interoperable Code Management Platform. The technology has been successfully deployed and supported by leading mobile providers and handset manufacturers in North America, Latin America, Western Europe, and Asia. Media companies and marketers use the solution to create and manage measurable mobile barcode campaigns, extending brand engagement onto mobile devices. Scanbuy has the largest and oldest patent portfolio of any company in the industry, with over 30 patents granted covering the entire solution. The company's investors include Motorola Ventures, Masthead Venture Partners an
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