Cloud-storage and file-sharing company Box.net (Palo Alto, Calif., U.S.A.) is raising $35 million in new funding, according to a recent filing. The company -- which focuses on providing Internet-based document storage for business users -- has already raised $18.7 million through a group of seven unidentified backers.
The company completed a $48 million funding round in February on top of $15 million round last year and several earlier, smaller rounds. The new financing brings Box.net's total funding to $112.6 million.
The California Public Utilities Commission (CPUC) (San Francisco, Calif., U.S.A.), a state regulator of utility companies, recently approved rules to protect the privacy and security of customer usage data generated by smart meters as part of its efforts to build a smart grid for California.
Telecom equipment vendor Alcatel-Lucent (Paris, France) and China's State Grid Information and Telecommunication Co. (SGIT), a unit of utility company State Grid Corporation of China (Beijing, China) (SGCC), announced a partnership on Friday to provide technology that accesses data used to track energy usage from devices such as smart meters, analyze that data and deliver that information to the utility company.
Machine to Machine (M2M) service provider Wireless Logic (Buckinghamshire, England) has been sold to ECI Partners (London, England), a mid-market private equity firm, by owner Peter Jones CBE for $50 million.
Wireless Logic has 3,600 customers and nearly 600,000 Subscriber Identification Modules (SIMS) under management in the United Kingdom and continental Europe, according to the company.
The largest street lighting project in the United Kingdom, costing $323.8 million dollars, will replace and maintain 250,000 streetlights with the smart lighting controls to maintain energy efficiency and provide a more efficient use of energy.
The South Coast Street Lighting private finance initiative, which will take 25 years to complete, stretches across Hampshire, West Sussex and Southampton, and will utilize a smart lighting control, which is connected across the internet via a mobile network.
A recent report from market research and consulting firm Pike Research (Boulder, Colo., U.S.A.) indicates that securing financial transactions and end-to-end communications throughout the Electric Vehicle (EV) charging infrastructure will be the focus of increased utility investment in cyber security systems over the next several years. According to Pike Research, it is forecasted that the EV cyber security market will increase from just $26 million in 2011 to $144 million by 2015, with a cumulative investment of $432 million during that period.
inthinc Technology Solutions Inc. (Salt Lake City, Utah, U.S.A.), a telematics company centered on fleet management, recently introduced a technology that provides in-cab verbal mentoring that tells drivers if they are speeding, aren't wearing their seatbelt, or driving aggressively. According to inthinc, for speeding notifications a database of speed limits for every street segment across the United States in included on the dashboard.
Google Inc. (Mountain View, Calif., U.S.A.) announced on Monday the acquisition of hardware maker Motorola Mobility Holdings Inc (Libertyville, Ill., U.S.A.) for $12.5 billion, or $40.00 per share in cash.
The transaction was unanimously approved by the boards of directors of both companies. Motorola Mobility will remain a licensee of Android and Android will remain open, and according to Google Motorola Mobility will run as a separate business.
China Mobile Ltd (Hong Kong, China), the world's largest mobile operator, said on Friday it will use $780 million to set up a finance unit in a move that could disappoint shareholders hoping for a dividend hike.
The new unit would be called China Mobile Finance and would engage in financial services such as insurance agency business and inter-bank lending, China Mobile said in a statement posted on the Hong Kong stock exchange.
Iraq's parliament has ruled that three mobile operators must pay $2.85 billion in license fees and fines within a month, overturning a deal allowing them to pay over five years, lawmakers and officials said on Thursday.
The ruling could reinforce investor worries about unclear regulations over who controls the telecommunications sector, one of the fastest growing industries in a country pulling back from years of war.