Digital health player InfoBionic says it has raised a total of $17 million in a financing round led by Safeguard Scientifics, which will acquire “20% primary ownership” of InfoBionic as a result of the transaction.
InfoBionic (Lowell, MA, USA) is focused on developing patient monitoring services for chronic disease management and says the financing marks a “significant milestone” in its development, expansion and commercialization.
French cable operator Numericable has agreed a €13.5 billion ($18.5 billion) takeover of Vivendi’s SFR, beating off competition from communications rival Bouygues for the country’s second-biggest mobile operator.
The acquisition promises to radically alter the shape of the French telecoms market, putting Numericable (Paris, France) in control of mobile assets and giving it the opportunity to challenge telecoms incumbent Orange (Paris, France) in the market for bundled services that include fixed, broadband and mobile elements.
Reliance Jio Infocomm has announced another network-sharing deal with Reliance Communications (RCOM) in a further sign of improving relations between India’s Ambani brothers.
The so-called Master Service Agreement will give Reliance Jio (Mumbai, India) access to RCOM’s (Mumbai, India) nationwide inter-city fiber network, which it hopes will help to speed up its deployment of a 4G network across India.
Reliance Jio said the agreement was based on “arm’s length pricing at prevailing market prices”.
The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritizing some Internet traffic over others, moves that will cheer Europe's consumers and frustrate industry seeking new forms of revenue.
In a session in Brussels, lawmakers backed telecom reform legislation that will phase out roaming fees across the 28-country European Union by December 2015, bolster consumer protections on mobile and broadband contracts and seek to make the sale of mobile licenses more uniform across Europe.
Network gear maker Juniper Networks Inc, which is under pressure from investor Elliott Management Corp to slim down, said it plans to reduce its global workforce by 6 percent and focus on its high-growth businesses.
Juniper (Sunnyvale, CA, USA) said most of the cuts would impact middle management positions and that it expected to incur cash charges of about $35 million in the first quarter, related to severance and other expenses.
The company had 9,483 full-time employees as of December 31.
US semiconductor giant Intel says it has completed the takeover of wearable device maker Basis Science.
Basis (San Francisco, CA, USA) specializes in developing wearables for health and wellness applications, including its Basis band health tracker, and the acquisition will provide Intel (Santa Clara, CA, USA) with immediate exposure to this fast-growing sector.
Mobile health player AirStrip has acquired Sense4Baby and said it will immediately seek FDA clearance to expand the company’s remote-monitoring service into the home.
Sense4Baby (La Jolla, CA, USA) has developed a wireless fetal monitoring system that can perform non-stress testing for high-risk pregnancies and has already received clearance from the US Food and Drug Administration and the European Commission to commercialize its medical device in clinical settings.
The mobile health market is set to generate revenues of nearly $21.5 billion in 2018, according to new data from BCC Research.
The projection implies revenues will grow at a compound annual rate of 54.9% between now and the end of the forecast period.
The market-research company says Europe will be the fastest-growing market, with revenues increasing at a compound annual rate of 61.6% between now and 2018.
Navigation technology player TomTom has changed the name of its Business Solutions unit to TomTom Telematics.
The name change has been made to reflect the strong position the company enjoys in the telematics market thanks to its WEBFLEET product, a software-as-a-service platform designed to help fleet businesses improve vehicle performance, save fuel, support drivers and increase efficiency.
In a statement, TomTom (Amsterdam, Netherlands) said WEBFLEET would henceforth be positioned as its leading product brand for the fleet-management market.
Danish smart-metering specialist Kamstrup claims to have grown its share of the global market in 2013 while reporting an increase in sales.
The company did not reveal details of its market share but said its revenues grew by 3% last year, to €173 million ($238 million), with earnings after tax coming in at €20 million.
Kamstrup (Skanderborg, Denmark) described market conditions as “competitive and stagnant” but said its financial position remained “advantageous”.
That was despite an increase in R&D investments between 2012 and 2013.