Media Business News and Trends

Mobile workforce data protection leader attracts funding to fuel growth after signing multiple new channel partnership agreements.Datacastle, a provider of mobile workforce data protection solutions, announced completion of a $2 million financing. The company's latest funding round is led by CM Capital and Haag Ltd., both of Australia. The financing comes on the heels of several recently-announced agreements including relationships with Seagate i365, Systemax MISCO Germany, and Computerlinks to distribute Datacastle's endpoint backup and data protection solution - Datacastle RED.

Posted Feb 08, 2011

NexGen Storage, a provider in SAN storage for virtual server environments, announced it has secured Series A financing led by Grotech Ventures with participation from Access Venture Partners. The financing round will be used to accelerate product availability and recruit additional talent. NexGen Storage's innovative storage area network (SAN) solutions deliver deterministic performance and Quality of Service (QoS) for virtual server environments.

Posted Feb 08, 2011

AOL Inc. announced that it has entered into a definitive agreement to acquire The Huffington Post for $315 million, the news, analysis, and lifestyle website founded in 2005, which now counts nearly 25 million unique monthly visitors.The new group will have a combined base of 117 million unique visitors a month in the United States and 270 million around the world. Following the close of this transaction, AOL will accelerate its strategy to deliver a scaled and differentiated array of premium news, analysis, and entertainment produced by thousands of writers, editors, reporters, and videographers around the globe.

Posted Feb 07, 2011

Copyright Clearance Center, Inc. established a referral partnership with the Association of Learned and Professional Society Publishers (ALPSP), in which ALPSP members can earn revenue from their online content through CCC's Rightslink Plus service at a discounted rate. Rightslink makes it possible to license text and multimedia direct from publishers' online content.

Posted Feb 03, 2011

Bloomberg announced a new real-time search and analytics console for Bloomberg Vault, the compliance solution that integrates real-time monitoring, search analytics, and archiving of Bloomberg messaging and corporate email.

Posted Feb 01, 2011

Hearst Corp. has made a binding cash offer of €651 million (about $890 million U.S.) for Lagardère's international press and magazine business. The offer includes 102 titles in 15 countries, including the U.S., Russia, Ukraine, Italy, Czech Republic, Canada, Taiwan, and Mexico, as well as 50 websites and many mobile and tablet applications.

Posted Feb 01, 2011

Accumulate UK Limited announced that it has rebranded as Flexion. The move comes in response to the huge success of the Flexion product. Through its wrapper technology Flexion enables a range of additional services, especially billing and DRM, to be applied to mobile content without changing the original source code.

Posted Jan 27, 2011

The New York Times is considering launching a Wikileaks-style site to make it easier for sources to provide leaked documents to the news organization, according to an interview with executive editor Bill Keller. Speaking with Yahoo! News's The Cutline, Keller indicated that the system could potentially be modeled after Al Jazeera's Transparency Unit, a similar concept that launched earlier this month.

Posted Jan 27, 2011

College textbook publisher Flat World Knowledge has secured $15 million in Series B funding from Bertelsmann Digital Media Investments (BDMI) and Bessemer Venture Partners, as well as Valhalla Partners, GSA Venture Partners, High Peaks Venture Partners, and other angel investors.

Posted Jan 25, 2011

CipherOptics announced a company-ide rebranding initiative with a new name and logo. The company also outlined its strategy for support of secure cloud connectivity, along with a data security plan for customers migrating from distributed networking to private clouds and public cloud infrastructures.

Posted Jan 20, 2011

ChaCha, which achieved a significant financing round in the fourth quarter of 2010 according to analysts, closed $3 million of additional funding-including $900,000 of outstanding warrants from new investor Qualcomm Ventures. This extends the round led by Silicon Valley investors VantagePoint Venture Partners, and Rho Ventures in October 2010. ChaCha is a free, real-time answers service, and has answered over a billion questions since inception.

Posted Jan 20, 2011

Techlightenment, a U.K.-based provider of social media marketing tools, has been acquired by Experian, the global information services company.

Posted Jan 18, 2011

Baynote, announced that it has closed a $13 million Series C financing round. The investment round was led by SingTel Innov8, the corporate venture arm of the SingTel Group. All existing investors, including Hummer Winblad, Steamboat Ventures, and JK&B Capital also participated in the round. Baynote also announced that former SAP executive Doug Merritt has been named president and CEO.

Posted Jan 13, 2011

TagMan, a tag management system with real-time attribution for enterprise e-commerce, announced it has closed $2.25 million in Series A funding led by Greycroft Partners. Other investors in the round include iNovia Capital and Angels. TagMan previously raised $2.1 million in Angel funding, the most recent in February 2010 led by Cambridge Angels and the London Business School E100.

Posted Jan 13, 2011

Enterprise cloud computing company Salesforce.com announced it has completed its acquisition of Dimdim for approximately $31 million in cash. Founded in 2007, Dimdim develops real-time communication technologies, including presence, messaging and screen sharing. According to Salesforce.com, the company will use the acquisition to bring new real-time communication capabilities to the Chatter collaboration platform.

Posted Jan 13, 2011

Access Intelligence (AI) has acquired OR Manager, a media brand and events company serving operating room executives, managers, and doctors. OR Manager's suite of publications, webinars, books, and an annual conference will become part of AI's healthcare business information group, Dorland Health.

Posted Jan 11, 2011

MedTech Media, LLC's founder Neil Rouda has sold MedTech Media to the Healthcare Information and Management System Society (HIMSS). Berkery, Noyes & Co., LLC assisted in negotiations of the transaction.

Posted Jan 11, 2011

ProQuest has acquired ebrary. The agreement will combine the companies' technologies and add a quarter of a million ebooks to ProQuest's content offerings. The combined collection will enable users to search across multiple formats, including books, journals, dissertations, newspapers, and video.

Posted Jan 11, 2011

Hoover's, Inc. has signed an agreement with LinkedIn to integrate elements of LinkedIn's functionality into Hoover's online business information platform. Hoover's customers will be able leverage existing connections within the Hoover's workflow.

Posted Jan 11, 2011

YouSendIt, Inc. announced the acquisitions of Attassa, an email collaboration company, and Zosh, an e-signature provider, for undisclosed amounts. YouSendIt will acquire the technology and personnel of the companies.

Posted Jan 06, 2011

Repucom America, LLC, a broadcast content measurement provider in the U.S., announced the acquisition of Kansas City, Kansas-based Image Impact, Inc., a provider of brand placement measurement in mass media programming.

Posted Jan 06, 2011

The NPD Group, Inc. signed an agreement to acquire In-Stat, LLC, an analyst-based research company focused on the mobile and digital entertainment industries. The acquisition will expand NPD's global coverage of analyst businesses in these markets. NPD also owns DisplaySearch, an electronics market research and consulting firm.

Posted Jan 06, 2011

According to a recent SEC filing by group-coupon site Groupon, the company has already raised $500 million out of an ongoing $1 billion fund-raising round thanks to participation from several investors, including Russian venture capital firm Digital Sky Technologies. The information was derived from a Securities and Exchange Commission form D Notice of Exempt Offering of Securities which was filed by the company on Dec. 30.

Posted Jan 04, 2011

SourceMedia, a financial services publisher, launched Investment Management Mandate Pipeline, an online service designed to provide leads on investment mandates for institutional asset managers. The site and alert service focus on finding and delivering leads on mandates from pension plan, endowment, foundation, and other large investment pools.

Posted Jan 04, 2011

USA TODAY announced the acquisition of Reviewed.com, a group of 12 product-review websites that provide comprehensive reviews for technology products such as digital cameras, camcorders and high definition televisions. Terms of the acquisition were not disclosed. Company management will continue in their current roles and the company will remain in Boston, Mass.

Posted Jan 04, 2011

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