YuppTV, one of the world’s largest Internet TV providers, has launched its first “YuppTV Dongle” in the United States for South Asians away from home. The YuppTV dongle is a device especially for the expatriate Indians who want access to home grown content. It is a small, 1080p, Wi-Fi streaming player which enables Indian expats to watch their favorite Indian TV Channels live, video on demand, TV shows with back to back episodes, Bollywood movies and a wide range of regional movies.

AGC Networks Inc., a technology services provider that is owned by India’s Essar Group, has acquired the business of Transcend United Technologies LLC, North America. Transcend provides IT systems integration focused on unified communications, data center infrastructure and managed services. The company has annual revenues of approximately $43 million and 130 employees.

Click Security, a security analytics company, has secured $17.7 million in second round funding. The round was led by Lightspeed Venture Partners, with additional participation from Citi Ventures and existing investor Sequoia Capital. The new funds bring total financing in the company to $24.7 million and will be used to expand sales, marketing and engineering initiatives.

United Technologies Corp. has chosen MetricStream to provide a system for risk-based audit management. MetricStream's audit management product will consolidate the full gamut of internal audit processes on a common platform, enabling the company’s 100 auditors around the globe to better manage, track, and collaborate across various projects, the company said. MetricStream will also provide risk intelligence services.

Anuta Networks, a provider of network services virtualization services, has emerged from stealth mode and unveiled its network service virtualization technology for delivering network services for the cloud. Founded by President and CEO Chandu Guntakala, CTO Srini Beereddy and Vice President of Engineering Praveen Vengalam, Anuta Networks is focused on the delivery of network services virtualization on virtual network infrastructures that allow organizations of all sizes to deliver cloud deployments, the company said.

10/25/2012

Sycamore Networks, the technology company that has become synonymous with the entrepreneurial success of its founder, Gururaj "Desh" Deshpande, announced a deal to sell off most of its remaining assets this week in a move that signals the end of the once towering reign of the maker of optical switches and software for telecom providers. Though the sale will net the Chelmsford, Mass.-based Sycamore $18.75 million, it comes with the announcement from the board of directors, of which Deshpande is the chairman, that the company will liquidate and dissolve following the completion of the sale, which is expect  to close around the start of  2013.

2/24/2012

Magma Design Automation Inc., a chip design software company started by Rajeev Madhavan, was bought by Synopsys Inc., a maker of software for the design, verification and manufacture of electronic components and systems, for $523 million in cash. Madhavan will not be joining Synopsys, but will help with the transition as Magma is integrated into Synopsys.

Tyfone, a mobility, software, security and near field communications company, has joined forces with In-Q-Tel to target the U.S. government for mobile security in the cloud services and near field communications transactions.

Infinite Convergence Solutions, a mobility technology provider based in Chicago, has launched its Enterprise Messaging Service. The cloud-based messaging service is specifically designed for business to securely exchange information with customers, employees and partners, the company said.

Naveen Jain chief executive officer of the Bellevue, Wash.-based inome Inc., will aim to inspire young entrepreneurs to rethink the disruptive nature of their big ideas to expand what is possible at the Harvard Business School’s 10th Annual Entrepreneurship Conference on Dec. 2 in Boston. During a special keynote, Jain will share his insights into how entrepreneurs play an unmatched role in the world and how an accelerating pace of innovation is transforming global challenges into entrepreneurial opportunities.

 

 

A federal grand jury in the District of New Hampshire returned an indictment on Nov. 14 charging a Dutch national and man of Indian origin with allegedly conspiring to hack into and disable computer servers belonging to Rampid Interactive, a New Hampshire-based company that publishes and hosts a multi-player online role-playing game called "Outwar."

Digital Reasoning, an unstructured data analytics company, has partnered with Opera Solutions, a big data science company. This integration will expand Opera Solutions' Signal Hub technology to include unstructured text analytics from Digital Reasoning's Synthesys, providing a comprehensive big data solution for innovative enterprises, the companies said.

Sycamore Networks, the technology company that has become synonymous with the entrepreneurial success of its founder, Gururaj “Desh” Deshpande, announced a deal to sell off most of its remaining assets this week in a move that signals the end of the once towering reign of the maker of optical switches and software for telecom providers. Though the sale will net the Chelmsford, Mass.-based Sycamore $18.75 million, it comes with the announcement from the board of directors, of which Deshpande is the chairman, that the company will liquidate and dissolve following the completion of the sale, which is expect  to close around the start of  2013.

 

Social networking has been a hot sector for some time now and, as such, it has generated many business ventures looking to capitalize on the buzz. For veteran entrepreneur Sudhir Chainani, aside from the obvious giant Facebook, there just haven't been enough effective startups to satisfy the social networking demand. But, he believes his Stamford, Conn.-based Milnaa can be one.

ITN Energy Systems Inc. has been awarded $1.725 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy to develop an “Advanced Redox Flow Battery” in collaboration with the University of Kentucky. This new battery technology will dramatically lower costs for grid-scale power systems and provide affordable energy storage options for small commercial and residential customers, the Littleton, Colo.-based company said.

Virtusa Corp., an IT services company that offers a broad range of information technology services, including IT consulting, technology implementation and application outsourcing, has been named to the 2012 Global Services 100 List by Global Services. The GS100, which honored Virtusa in its 2012 list for the fifth consecutive year, represents companies that demonstrate excellence in delivering IT outsourcing and business process outsourcing services globally.

ElectroChem has been awarded a grant from the National Science Foundation for its proposal, “Development of Advanced bio-cathode for enhancement of Current Density of Microbial Fuel Cells.” Microbial Fuel Cells is a bio-electrochemical system that converts chemical energy into electrical energy by using microorganisms as a biocatalyst. The system has been recognized as one of the most carbon neutral energy sources. ElectroChem plans to improve the power generation potential of the system by 10 fold or higher.

Saavn, an Indian digital music service, has launched a J2ME mobile app, tailored for handsets manufactured by Nokia, Sony Ericsson, Samsung, and Motorola, and is also announcing support for six new languages for its iOS, Android and Web apps; Tamil, Telugu, Marathi, and Gujarati will be released immediately with Bengali and Kannada following shortly thereafter.