Australian online design crowdsourcing platform DesignCrowd has scored an AU$6 million Series B capital raising effort led by new tech-focused investment fund AirTree Ventures.
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Growth in online banking, social media customer service, and security are driving the spending increase.
Of all the initiatives that Westpac is undertaking with its Strategic Investment Priorities program, its desktop virtualisation program ranks as highly as its ongoing core banking update in priority.
Within a handful of APAC countries, the networking giant is banking on the relative maturity of Singapore's IT infrastructure and a strong pool of customers and partners, and India where ICT investment is large.
Still riding on its success and the $35 million investment from Accel, 99designs has been able to use its clout to buy up rival design company LogoChef in Brazil.
There's only a 50 percent chance that companies will gain some benefits from their investments into business analytics, according to the bank's manager of information systems and frontline analytics David Tanis.
Anonymous Operation Last Resort has struck successfully again, leaking crucial files from an investment banking firm allegedly linked to intelligence firm Stratfor.
The ANZ Innovyz "Start" program, modelled off the popular TechStars accelerator in the US, has picked 10 startups to mentor and provide initial funding for.
The bank has rolled out a swathe of technology initiatives, including in-branch video conferencing and a NFC contactless payment trial on Android phones, to improve customer experience.
Indonesian ministers say Taiwanese manufacturing giant considering setting up factory in country, which could help create 1 million jobs locally, according to reports.
Can the purchase of an expensive, yet original design object be contextualized as an investment in the design industry, manufacturing R&D, and national economies?
With a billion-dollar core-modernisation project coming to an end, Commonwealth Bank CEO Ian Narev has outlined how the bank will identify and move forward with new technology projects, saying that it will be some time before it takes on another initiative of the same magnitude as the transformation project.
Ric Parker, Rolls-Royce Group's director of research and technology, sees IT's role driving the aviation giant's success further, particularly with simulation and data mining.
The Summly application could become the next must-have for students. Its teenage creator has secured a large investment for future development.
The stylish new building features suspended conference rooms and other beautiful, yet functional, spaces.
Cloud computing more suitable for small and midsize businesses than for large financial institutions, and vendors need to tailor products to make them relevant for large organizations, says ANZ Bank's IT head.
The imminent launch of taxi booking application Ingogo has received a massive financial boost having secured first round investment funding from a collection of high-profile technology, banking and angel investors, including a Google staffer and MYOB co-founder.
It's almost becoming a daily ritual to see bad news spelling out Research In Motion's doom, whether it be disappointing earnings reports, layoffs, executive departures or just poor BlackBerry product sales in general. Jefferies, a global securities and investment banking group, has eight suggestions that could turn RIM around, but let's give each one a reality check first.
Chief executive officer (CEO) of ANZ Bank, Mike Smith, has declared that there will be no new "massive spend" on new IT projects, promising instead to squeeze more out of its existing investments while singling out its internet banking platform for improvement.
US venture capital powerhouse Accel Partners has invested US$35 million into fast-growing crowd-sourced design marketplace 99designs, which is headquartered in Melbourne and was created in early 2008 by the founders of popular online web development forum SitePoint.
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