Tag Archives: announces

Facebook Announces Sweeping Changes to Trending Section

Facebook is enacting a number of changes to its trending news module following a two-week internal investigation. The company’s announcement comes in response to a letter of inquiry from the US Senate Commerce Committee, issued one day after Gizmodo reported on the allegations of one former “news curator” for the trending section, who alleged coworkers regularly suppressed topics of interest to conservative readers.

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Apple announces app development accelerator in Bengaluru to start Tim Cook’s India visit

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As part of Apple CEO Time Cook’s first visit to India, the company has announced that it will open a new iOS app design and development accelerator in India’s Silicon Valley Bengaluru by early 2017. 

The new centre is a major step towards Apple’s attempt to expands its share in the world’s fastest-growing smartphone market. The new centre will attract and encourage the country’s developers to make apps for iOS.  

“India is home to one of the most vibrant and entrepreneurial iOS development communities in the world,” said Tim Cook, Apple’s CEO. “With the opening of this new facility in Bengaluru, we’re giving developers access to tools which will help them create innovative apps for customers around the world.” Read more…

More about Business, Startup, Bengaluru, Apple, and India


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GoDaddy Announces New Cloud Services for Small Businesses

The cloud serves and Bitnami powered cloud applications are designed to help the small businesses, tech entrepreneurs, web developers and IT professionals around the globe.

GoDaddyGreatResponder.com  GoDaddy that is the famous web hosting company and asserts to have more than 61 million domain names under its management, now offering its customers a “pay as you go” utility billing package. It will allow clients to construct, test and utilize cloud solutions for GoDaddy’s infrastructure. The traditional business of the company is to enable clients to use site building software like Word Press, but the new shift will offer an environment where customers can build and run any software they like.

“With the launch of Cloud Servers, GoDaddy aims to extend our lead as the number one trusted provider of Cloud Hosting solutions for individual developers and technologists. We’re looking to make it easy for developers, to serve small businesses with the technology they want,” said Jeff King, SVP & GM Hosting, Security at GoDaddy.

As compared to its rivals in the cloud space, GoDaddy will build on its conventional business model of grabbing developers, tech entrepreneurs and small businesses with the new packages. The services will present several features to small businesses that cannot pay for or rationalize to get service presented by the established players in the public cloud market. The company says that virtual instances can be built, tested, cloned and re-provisioned in no time to meet market expectations.

“As a GoDaddy technology partner on Cloud Applications, we’re excited for GoDaddy’s international customer base to take advantage of our capabilities – joining the millions of developers and business users who save time and effort with our library’s consistent, secure and optimized end-user experience. We’re proud to partner with GoDaddy,” says Erica Brescia COO and Cofounder at Bitnami.

The new offers from GoDaddy has apparently been in the works for some time, as the team state the attainment of the public cloud customer division of Apptix for $ 22.5 million last September. As the Microsoft and Google take steps to get market share away from AWS in the corporate space, GoDaddy is aiming the small business market, a slot that appears to be comparatively unnoticed.

The commencement is the newest example of GoDaddy’s ongoing promise of technology and product expansion with and for the professional developer society. Earlier, GoDaddy publicized GoDaddy Pro, a program that offers free tools and help to designers and developers.

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FanDuel announces acquisition of leading esports platform AlphaDraft

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PRESS RELEASE:

Strategic alliance marks FanDuel’s entry into the rapidly growing fantasy eSports market

NEW YORK–(BUSINESS WIRE)–September 24, 2015–

FanDuel Inc. (www.fanduel.com), the largest one-day fantasy sports operator, today announced it has acquired leading fantasy eSports platform, AlphaDraft. Marking its entry into the fantasy eSports market, FanDuel will leverage the partnership to enhance and expand core product offerings in order to further reach new sports fans while maximizing engagement.

With the best talent in the sports tech industry, FanDuel’s acquisition of AlphaDraft, the premier daily fantasy sports platform that seamlessly blends eSports, live streaming and fantasy sports contests, will bring the company’s employee base in-house to help create a one of its kind daily fantasy product specifically for eSports. This partnership marks the first time FanDuel will have a product for the eSports community.

From VentureBeat

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“With over 200 million people globally watching eSports, AlphaDraft gives those fans a way to engage with this burgeoning entertainment product that creates an enormous opportunity for us,” said Nigel Eccles, CEO and Co-founder, FanDuel. “This is sports for a new demographic, with very little crossover with what are considered traditional sports fans, and this acquisition gives us the ability to leverage the expertise of AlphaDraft’s team, while helping their efforts in customer acquisition and building awareness of this new industry. It’s a win-win.”

The acquisition of AlphaDraft continues FanDuel’s long-term strategy of acquiring top talent around the fantasy sports industry as it builds one of the finest fantasy products for players – all designed to enhance the sports experience. This comes on the heels of the acquisition of numberFire, the premier next generation sports analytics platform, and Kotikan, a leading mobile app developer.

“It is clear that FanDuel is committed to the fan community,” said Todd Peterson, CEO of AlphaDraft. “This pairing creates an incredible opportunity to drive the fantasy industry forward and create compelling products that will enhance all fan engagement.”

Investors in AlphaDraft to date include former NBA Commissioner David Stern, Melo7 Tech Partners, Metamorphic Ventures, WME, Upfront Ventures, IDG Ventures, Greycroft Partners, Freestyle Capital, KEC, Amplify.LA and others. eSports generated $ 612m in revenue last year and 13% of all live stream viewers are watching eSports. By 2017, the number of eSports fans is projected to come close to that of American football.

About FanDuel

FanDuel is the leading daily fantasy sports provider with the sole mission of making sports more exciting. Founded in 2009, FanDuel has redefined fantasy sports; offering a multitude of one-day game options for NFL, NBA, MLB, NHL, and college football and basketball, with new public and private leagues forming daily, ranging in size from two to thousands of players. FanDuel is the Official Partner of the NBA and has multiple deals with NFL and NBA teams, driving fan engagement, hosting numerous live events and creating once-in-a-lifetime experiences for sports fans throughout the year. Based in New York City with offices in Los Angeles, Orlando, Edinburgh and Glasgow, FanDuel has raised $ 363 million in funding from investors including KKR, Google Capital, Time Warner/Turner Sports, Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Pentech Ventures, Piton Capital and Bullpen Capital.

About AlphaDraft

Founded in 2014, AlphaDraft is the premier online platform that seamlessly blends the highly popular worlds of eSports, live streaming and fantasy sports, with daily and weekly contests for cash and other real-world prizes. Members draft a new team every day without season-long commitments, and play against friends and other fans without having to create their own fantasy leagues. There is no purchase necessary to register, and AlphaDraft offers both free and paid contests. For more information, please visit www.AlphaDraft.com or follow us on Twitter at @AlphaDraft.

 

 

View source version on businesswire.com: http://www.businesswire.com/news/home/20150924006288/en/

FanDuel
Emily Bass, 646-930-0231
[email protected]
or
AlphaDraft
Mario Kroll, 919-414-2038
[email protected]


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Penumbra, Inc. Announces Pricing of Initial Public Offering

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PRESS RELEASE:

ALAMEDA, Calif.–(BUSINESS WIRE)–September 17, 2015–

Penumbra, Inc., today announced the pricing of its initial public offering of 4,000,000 shares of its common stock at a price to the public of $ 30.00 per share. The offering is scheduled to close on September 23, 2015, subject to customary closing conditions. The underwriters for the offering will also have a 30-day option to purchase up to an additional 600,000 shares of Penumbra’s common stock at the price to the public, less the underwriting discounts and commissions.

Penumbra’s common stock is expected to begin trading on the New York Stock Exchange on September 18, 2015, under the symbol “PEN”. J.P. Morgan and BofA Merrill Lynch are acting as joint lead book-running managers for the offering. Wells Fargo Securities and Canaccord Genuity are acting as co-managers for the offering. Perella Weinberg Partners is acting as independent capital markets advisor to Penumbra for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on September 17, 2015. The offering is being made only by means of a prospectus, copies of which may be obtained from J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Ave, Edgewood, NY 11717, (tel: +1 866 803 9204); or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

About Penumbra

Penumbra, Inc., headquartered in Alameda, California is a global interventional therapies company that designs, develops, manufactures and markets innovative medical devices. The company has a broad portfolio of products that address challenging medical conditions and significant clinical needs across two major markets, neuro and peripheral vascular. Penumbra has approximately 1,000 employees and sells its products to hospitals primarily through its direct sales organization in the U.S., most of Europe, Canada and Australia, and through distributors in select international markets. Penumbra and the Penumbra logo are trademarks of Penumbra, Inc.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150917006610/en/

Penumbra, Inc.
Sara Thompson, 510-748-3200
Head of Investor Relations
[email protected]

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