Media Business News and Trends

Lucid Imagination, a commercial open source company dedicated to supporting Apache Lucene and Solr search technologies, announced a strategic investment from In-Q-Tel (IQT), an independent strategic investment firm that identifies technology solutions to support the mission of the CIA and the broader U.S. Intelligence Community.

Posted Jun 16, 2009

AOL announced two acquisitions: Patch Media Corporation, a local news and information platform, and Going, Inc., a local platform for people to discover and share information about things to do in a number of cities across the country.

Posted Jun 16, 2009

Despite bad news piling up for businesses worldwide, only 7% of IT professionals are losing sleep at night, according to a recent survey conducted by U.K. service management company Sunrise Software, Inc. While some smaller projects might be getting the knife in IT departments, companies' calls to increase efficiency have given them the opportunity to lead the way toward working, as the mantra goes, "smarter, not harder," according to the survey.

Posted Jun 15, 2009

Gather, a social network to make new friends and form new social circles, announced raising $5.3 million in equity financing.

Posted Jun 12, 2009

PTC, a provider of Product Lifecycle Management (PLM) and Enterprise Content Management (ECM) solutions, announced it has acquired Relex Software Corporation.

Posted Jun 09, 2009

OutStart, Inc., a provider of social business software and learning systems, has merged with Hot Lava Software, a company with applications for reaching cellular subscribers.

Posted Jun 09, 2009

In a letter to the President dated June 3rd, Consumer Watchdog and the Center for Digital Democracy called for President Obama not to appoint Andrew McLaughlin, Google public policy chief, as the nation's deputy chief technology officer.

Posted Jun 05, 2009

MashLogic, a provider of a browser extension that provides contextual information on websites, has closed a $500,000 angel round of investment.

Posted Jun 05, 2009

Prime View International, a provider and a supplier of ePaper display modules, announced that it has signed a definitive agreement to acquire E Ink Corporation, a supplier of electronic paper display (EPD) technologies, for approximately $215 million.

Posted Jun 05, 2009

Convera Corporation, a provider of vertical search services for publishers, announced the signing of a merger agreement with Firstlight Online Limited and Convera's merger subsidiary as well as Convera's intent to distribute cash to its existing stockholders of record.

Posted Jun 05, 2009

Cloudera, the commercial Hadoop company, announced that it has secured a Series B venture capital funding round led by Greylock Partners.

Posted Jun 05, 2009

Lithium Technologies, a provider of on-demand customer community solutions for the enterprise, announced that it has acquired Keibi Technologies, Inc., an automated content discovery, analysis, and moderation for online communities.

Posted Jun 05, 2009

Grab Networks, created from the merger of Anystream and Voxant in September of 2008, announced it has closed a $12M round of debt and equity funding from its existing investors.

Posted Jun 05, 2009

Frontline GMS and John Cox Associates announced the opening of the first ALPSP Book and eBook Publishing Practice Survey.

Posted May 29, 2009

The Wikimedia Foundation Board of Trustees passed a resolution that will bring about changes to the way the content of the Wikimedia Foundation projects, including Wikipedia, will be licensed.

Posted May 29, 2009

Amit Kapur, former MySpace COO, has a new startup, which raised $10 million in its first round of funding.

Posted May 29, 2009

Limelight Networks, Inc. announced the acquisition of Kiptronic, Inc., a provider of dynamic solutions for device-optimized content delivery and monetization.

Posted May 29, 2009

Hartford, Conn., may be well-known for its insurance companies, but on April 24, the Hartford Business Journal brought people from across the business spectrum together at itse-Technology Summit and 2009 Strateg-e Awards to talk about growing their businesses through the use of (surprise, surprise) technology. Gathered together in South Windsor, Conn., attendees spent the day learning about everything from how to set up a corporate blog to the legal concerns that blogs might raise.

Posted May 28, 2009

The Society of Competitive Intelligence Professionals, a global nonprofit membership organization, has agreed upon a merger with the Frost & Sullivan Institute, a nonprofit organization.

Posted May 22, 2009

The FTC has revised guidelines for editorials and testimonials in ads.

Posted May 22, 2009

TVN Entertainment Corp., a video on demand (VOD) company, and Avail Media, an independent aggregator and provider of linear content, announced that they are merging.

Posted May 22, 2009

Stocktwits, an information service for investments that lets investors track conversations about stocks on Twitter, has raised $800,000 in a first round from True Ventures.

Posted May 22, 2009

Intelius Inc., an information commerce company, announced that it will fully integrate recently acquired Spock, a people search engine with technology that categorizes search results, into the Intelius network.

Posted May 22, 2009

The National Endowment for the Humanities (NEH) awarded $218,154 to BCR to support workshops on digital preservation developed specifically for leaders of collaborative digitization programs.

Posted May 19, 2009

Break.com, an online video and entertainment destination for young men, announced it is launching its own "stimulus package" that is designed to put more money in the pockets of users and content creators in the face of trying economic times and a cut back of original content programs at other online video sites.

Posted May 19, 2009

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