Increased investment in product development has contributed to an annual net loss after tax of NZ$69.5 million for New Zealand cloud accounting software provider Xero, despite an 81 percent jump in subscription revenue during the financial year.
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European mail solutions giant Neopost has taken a majority stake in Australian logistics software startup Temando after coughing up $50 million for a Series B investment round in the company.
Cisco buys Embrane, an early software-defined networking player that it made a strategic investment in last year.
Telstra has made a multimillion-dollar equity investment in Taiwanese video big data and analytics company Gorilla Technology Group, which will have its software integrated into the Australian telco's network.
Uber has bought deCarta for an undisclosed amount in an effort to enhance its mapping technology, and possibly move away from using maps from Google and Apple.
Big Blue plans to launch a series of applications designed to take advantage of the building software defined storage movement.
Software development and marketing efforts look set to be the main beneficiaries of a multimillion dollar investment, according to Riak database creator Basho.
Once, it was the economy that made Poland's IT professionals nervous. Now, there's more optimism, but concerns about buyers' failure to see benefit in IT investment and the shift to software and services.
Australian cloud-based business process guidance software vendor Panviva is moving to ramp up its product development and expand its global push after receiving minority equity investment from Telstra Ventures.
SUSE, the enterprise Linux company, is working on its own storage solution using open-source Ceph: SUSE Storage.
The banking software provider will offer a software-as-a-service option to Asia-Pacific finance sector customers.
Australian cloud software startup ECAL is the first of three Australian tech startups to secure a share of AU$5 million in funding from the venture capital investment vehicle of Dodo Internet founder Larry Kestelman, Oxygen Ventures.
China's second-largest e-commerce player receives a funds injection after the Singapore investment firm buys up 602,139 shares for US$17.2 million. Temasek also forks out US$12.8 million for Chinese security software maker, Cheetah Mobile.
Fujitsu is bumping up investment into its cloud integration service to strengthen its global delivery capabilities in infrastructure-as-a-service, platform-as-a-service, and software-as-a-service.
Growth in online banking, social media customer service, and security are driving the spending increase.
The Chinese telecoms giant is continuing its investment in the UK with a new plant for chips and software.
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.
Enterprise apps are not Flappy Bird. App development requires the same care and investment as any other end-user software project.
Intel on Thursday said it made a significant investment in Cloudera, making the startup its preferred distributor of software for Big Data.
A new variation of the notorious banking trojan has been found lurking in the wild, bent on targeting software-as-a-service (SaaS) applications.
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