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There are reports that Yahoo has put Zimbra on the block. Honestly, this came as no surprise at all to us at Zoho. I remember scratching my head when the acquisition was made; I didn't see how an enterprise/business focused open source offering like Zimbra fit with Yahoo, as a technology, as a business or strategically. Zimbra is an open source installable product offering primarily intended to be installed within medium to large organizations. Yahoo has never made an installed product in its history and is mainly focused on consumers, with an occasional foray to sell those consumer-focused applications to small businesses. Zimbra's service provider offerings made no strategic sense to Yahoo either, because Yahoo, being a service provider itself, has no interest in selling technology to other service providers like Comcast. Finally, we have been on both sides of the p... (more)

Appcelerator Acquires Aptana

"We are excited to introduce Aptana’s millions of developers to the mobile innovation wave that we have been riding and supporting as a company over the past two years," said Jeff Haynie (pictured), CEO of Appcelerator, as Appcelerator this week announced its acquisition of Aptana, the leading integrated development environment (IDE) for building web applications. “We have always focused on enabling the best possible native application experience,” Haynie, continued, adding: "This announcement furthers that vision by empowering our growing community of developers to build, test, and deploy native, cloud-connected mobile applications faster and with higher quality than ever before." Appcelerator is considered to lead the industry in cross-platform development, with tens of millions of users using over 10,000 native iOS, Android and desktop applications. In addition, wi... (more)

Grupo Radio Centro Reports First Quarter 2009 Results

MEXICO CITY, April 27 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A.B. de C.V. (NYSE: RC, BMV: RCENTRO-A) (the "Company"), one of Mexico's leading radio broadcasting companies, announced today its results of operations for the quarter ended March 31, 2009. All figures were prepared in accordance with the Mexican Financial Reporting Standards ("MFRS") issued by the Mexican Board for Research and Development of Financial Information Standards. First Quarter Results Broadcasting revenue in the first quarter of 2009 was Ps. 155,791,000, 21.5% higher than Ps. 128,258,000 in the first quarter of 2008. This increase was attributable to higher advertising expenditures by the Company's clients during the first quarter of 2009 compared to the first quarter of 2008. The Company's broadcasting expenses (excluding depreciation, amortization and corporate, general and administ... (more)

The Princeton Review Completes Acquisition of Penn Foster, Online Learning and Career Education Leader

FRAMINGHAM, Mass., Dec. 8 /PRNewswire-FirstCall/ -- The Princeton Review, Inc. (Nasdaq: REVU), a leading provider of test preparation and educational support services, today announced that it has completed the acquisition of Penn Foster Education Group, Inc. The final purchase price was $170 million in cash, subject to post-closing adjustments. Penn Foster, one of the oldest and largest online career education companies in the U.S., will operate as a wholly-owned subsidiary of The Princeton Review. Penn Foster will continue to be based in Scranton, Pennsylvania and will use its existing brands and remain under the leadership of its current management team. In connection with the acquisition, The Princeton Review announced that Stuart Udell, Penn Foster's CEO, would also become The Princeton Review's President, Post Secondary Education. "Penn Foster has strong ex... (more)

Piston Cloud and Gridcentric Partner to Deliver OpenStack-Based VDI

SAN FRANCISCO, CA -- (Marketwire) -- 06/26/12 -- Piston Cloud Computing, Inc., the enterprise OpenStack™ company, today announced it has entered into an exclusive licensing agreement with Gridcentric, the virtualization optimization company. Every Piston Enterprise OS™ software license now includes Gridcentric's Virtual Memory Streaming (VMS) technology, delivering an easier, more affordable approach to Virtual Desktop Infrastructure (VDI). This partnership also marks the first commercially available VDI solution built on OpenStack, the world's leading open source cloud framework. "Until now, there have been several challenges to VDI adoption in the enterprise, including prohibitive costs, security issues and complexity," said Joshua McKenty, co-founder and CEO of Piston Cloud. "Bundling VMS technology with Piston Enterprise OS doubles the virtual machine density per... (more)

GrowthWorks Canadian Fund Granted Further Regulatory Order for Closure of Class A Share Redemptions

TORONTO, ONTARIO -- (Marketwire) -- 08/01/12 -- As previously announced, on November 10, 2011, GrowthWorks Canadian Fund Ltd. ("Canadian Fund") obtained an initial regulatory order in connection with the Board of Directors' decision to close Class A share redemptions. On April 16, 2012, the initial order was extended to July 31, 2012. Canadian Fund announced today the granting of a further order (the "Order") that extends the effect of the initial order to November 30, 2012. Canadian Fund intends to apply for a further extension of the Order. While other retail venture capital funds have secured similar orders extending for two years and beyond, Canadian Fund's application is considered novel due to the terms of the redemption management plan adopted by the Board of Directors and based on Canadian Fund's capital structure, including the financing arrangements referr... (more)

Apollo Residential Mortgage, Inc. Announces Closing of $172.5 Million of 8.00% Perpetual Preferred Stock Offering

NEW YORK, NY -- (Marketwire) -- 09/20/12 -- Apollo Residential Mortgage, Inc. (the "Company" or "AMTG") (NYSE: AMTG) today announced the closing of an underwritten public offering of the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") with a liquidation preference of $25 per share. In connection with the offering, the underwriters exercised their option to purchase an additional 900,000 shares of the Series A Preferred Stock on the same terms and conditions. Together with the exercise of the underwriters' option to purchase additional shares, the Company sold an aggregate of 6,900,000 shares, which generated net proceeds to the Company of approximately $166.6 million, after deducting the underwriting discount and estimated offering expenses payable by the Company. AMTG intends to use the net proceeds from th... (more)

6fusion Continues International Expansion with UK iNode

VMWORLD EUROPE - BARCELONA, Spain, October 9, 2012 /PRNewswire/ -- Broadcloud datacenter in London joins the 6fusion iNode Network 6fusion, a leading provider of utility-metered public, private and hybrid cloud platform and services, in conjunction with Broadcloud, a leading provider of managed hosting, private IT cloud solutions, and managed security solutions, today announced the availability of 6fusion's first European iNode, located in London, UK and powered by Broadcloud.   This new point of presence represents Broadcloud's second 6fusion iNode and demonstrates a significant expansion of the 6fusion Broadcloud partnership, following the announcement in June of Broadcloud's Las Vegas, NV datacenter joining the iNode Network. This new European iNode expands the existing 6fusion public cloud consisting of federated datacenters located in Canada, the United States, ... (more)

SolarCure: Generating Business with Solar Powered SEO™

We all know the benefits of green renewable energy. The business world knows the use of press releases to increase web traffic and search engine rankings as it enhances company's visibility. Now, SolarCure’s Adopt-A-Solar-Panel Program has packaged the two to become a powerful leading marketing tool used by companies within the United States. Never before has solar-power been used to enhance a company’s bottom line in such a unique way. SolarCure has brought together two powerful, yet diverse concepts: Solar Power and SEO Marketing. By participating in the Adopt-A-Solar-Panel program, companies simultaneously help a non-profit AND increase their search engine ranking via SEO enhanced press releases. By pledging to sponsor part of a solar installation for nationally recognized non-profits such as Veterans of Foreign Wars, American Legions, volunteer fire squads, as ... (more)

Is a Five to Six Percent Real Estate Commission Still Acceptable?

TORONTO, ONTARIO -- (Marketwire) -- 12/06/12 -- In some cases, it seems that paying a five or six percent overall commission might seem a bit steep, but it's important to consider all of the factors that drive these costs. Like any other business, there are costs associated with earnings. Looking at a relatively new real estate agent, someone who's new to the industry and still learning the ropes, building their contact lists and networking can be very expensive. These real estate agents don't have any referral business coming in, they don't have a network in place and they need to start from scratch. So, like any other business, there are a lot of start-up (up-front) costs to take into consideration. For example: having a web presence, mailing campaigns, ads, billboards, other local advertising techniques to try and drive awareness and conversion of leads to client... (more)

Domo Gets Its Yeehaw on, Heads to Texas for Gartner BI & Analytics Summit 2013

SILICON SLOPES, UT--(Marketwire - March 18, 2013) - Domo, a software-as-a-service venture started by Omniture co-founder and CEO Josh James to redefine the business intelligence market, is in Texas for the BI industry's flagship event, the Gartner BI & Analytics Summit 2013. Domo, one of five premium event sponsors, will be joined on stage by customers in financial services, technology and transportation for a presentation on data driven management. Domo's attendance at the show comes as Domo's cloud-based executive management platform experiences a tremendous reception across a broad range of industries and roles. After selling for only six months, Domo has more than 100 paying enterprise customers in sectors such as retail, travel and entertainment, financial services, telco, professional services, transportation and technology, to name a few. And while Domo is ta... (more)