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Media.net acquired for $900M in mega ad-tech deal
The flow of Chinese capital into foreign ad-tech companies increased this morning with the acquisition of Media.net for $900 million USD. A consortium will be paying cash for the startup with key operation centers in New York City and Dubai. Eventually the company is set to be acquired from the consortium by Miteno Communication Technology, a Chinese tech conglomerate. The transaction is… Read More
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Amazon now lets you rent its virtual desktops, Amazon WorkSpaces, by the hour
Amazon is rolling out a new way for businesses to use its cloud-based virtual desktop service, Amazon WorkSpaces. Instead of paying monthly for access to an always-on WorkSpace you can connect to at any time, companies can now choose to pay and use WorkSpaces on an hourly basis. The new billing system is designed to appeal to those businesses with part-time employees, traveling employees who… Read More
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Espresa wants to help companies pamper their employees
The range of benefits that Silicon Valley companies offer employees may vary from dental, vision and 401(k) all the way to yoga massages, car washes and beauty services. With tech giants like Facebook and Google making a big deal about the benefits they offer, delivering and managing perks is a key part of any company’s strategy to attract talent now — and this is… Read More
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Cisco confirms it will cut up to 5,500 jobs, or 7% of its global workforce
We caught wind earlier this week that Cisco was planning a major cost-cutting operation to reduce its costs by around 15% throughout the month. It looks like the first stage of that is a round of cut jobs, with Cisco announcing as part of its earnings report that it will cut up to 5,500 jobs, or 7% of its workforce. The move isn’t unexpected as Cisco works to transition to a new era where… Read More
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Netlify, a service for quickly rolling out static websites, raises $2.1M
Mathias Biilmann — a former CTO of a firm that built websites for small businesses — says developers have gotten so used to using Github as a central workflow, they expect the entire rest of the developer experience to work the same way. “The way that a front-end developer would work would be to go into a server and change how things were structured, but then Git came in… Read More
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Sources: Cisco planning 15 percent cost reduction this month
Sources are telling TechCrunch that Cisco is planning a significant cost reduction this week, which could involve budget cuts and layoffs. We’ve been hearing that the reductions will be announced on August 17th or 18th and that they will be a part of a push to cut costs by 15 percent, with managers given some flexibility around how they implement this. “A cost reduction of 15%… Read More
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Cogito leverages human behavior to nudge customer relationships
We’ve all had crappy customer service calls. Primed by staticky elevator music and the ever-mysterious agitating echo, most of us come into calls with strained patience. On the line, customer service and sales agents are paid to build relationships, but after a long day of working with callers (who typically only call if they’re having a problem), even the bubbliest of people can… Read More
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Polybit’s stdlib helps developers spend less time on infrastructure, more time coding
A startup called Polybit has introduced what it’s calling the Standard Library of the Internet in open beta, a resource to make back-end coding easy for developers, even beginners. The Standard Library, or the “stdlib” as the startup is calling it, allows developers to upload the functions they write to the cloud, and make their “microservices” or logic portable,… Read More
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Vettery raises $9M as it expands its hiring marketplace to San Francisco
Vettery, a startup offering an alternative to the traditional recruiting process, has raised $9 million in Series A funding. On the Vettery website, the company pairs potential job-seekers with a “talent executive” who helps them through the process of creating a profile and looking over interview requests from employers. If they accept a job, Vettery will give them a $1,000… Read More
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Nuance brings deep learning tech to its Dragon speech recognition
Your speech-recognizing friends at Nuance are back with a major update to their flagship app, Dragon. The popular productivity software is now in its 15th version, an update that promises some substantial improvements in accuracy courtesy of the company’s own deep learning tech, which forms the basis of its speech engine. According to Nuance, this latest upgrade brings… Read More
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