WYSE Capital Group Continues to Bring Angel Investors and Entrepreneurs Together
Investment to accelerate technology innovation and global expansion
Global Social Travel Network Expands to Nearly 5 Million Users in More Than 93,000 Cities
BOKU, a provider of online mobile payments, announced today that it has secured $35 Million in funding. Investors include New Enterprise Associates (NEA), Telefónica Digital, the growth arm of the global telecoms leader, as well as previous investors. Additional participants …
Manhattan Beach, Calif. – September 6, 2011 – Morphlabs, a provider of converged Dynamic Infrastructure solutions for the Enterprise, announced today that it has raised $5 million in Series C funding. The round was led by strategic partners BBT of Japan and a private, Indoneseia-based investor group. Morphlabs will use the additional capital to fuel immediate deployments in the ASEAN region as well as select deployments in North America, like the recently announced Alchemy Communications operating partnership.
The ASEAN region requires an end-to-end solution for cloud infrastructure delivery that can be deployed efficiently and adapts to rapid growth requirements. After carefully evaluating the players in the cloud computing space, Morphlabs is making an impact by enabling enterprise customers, for the first time, to consume dynamic cloud infrastructure via a blueprint that is fully-optimized and designed to be both fault-tolerant and scalable. The mCloud DCU solution allows enterprises to control their cloud infrastructure with no capital expenditure, making cloud available to rapidly developing IT markets. Morphlabs is clearly positioned to become a leader in the cloud computing industry.
CIT group, a nation’s leading lender to small businesses, has filed for Chapter 11 bankruptcy protection. The bankruptcy was expected, since the company was struggling for months to avoid it, and came very close to declaring Chapter 11 bankruptcy in July 2009 after the Treasury rejected the CIT’s request for additional bailout money, but was rescued making the agreement with the bondholders group. The lender filed for bankruptcy on Sunday, after the debt-exchange offer made to CIT’s bondholders failed. Company’s bondholders opted for a prepackaged reorganization plan which will reduce its debt by $10 billion and allow it to continue doing business.
The first comprehensive review of the 8(a) program in several years resulted with the proposed 8(a) regulation changes that were published in the Federal Register. The public comment period on the proposed changes is open for 60 days.