4Info gets $20M more for text message advertising
4INFO, the Silicon Valley company that serves advertisements in mobile phone text messages, has raised another $20 million in funding.
The money comes from a previous backer, Peacock Equity, a joint venture between NBC Universal and General Electric Commercial Finance, according to a report in the WSJ. VentureBeat has heard that 4INFO’s advertising rates have plummeted since the onset of the economic downturn in October, though if it’s true, 4INFO would hardly be the only ad… Continue Reading
Roundup: Engineers leaving finance, Papermaster countersues, and more
Engineers are leaving Wall Street finance jobs to go be real engineers – As it has turned out, financial engineering isn’t so valuable.
Microsoft seems to be pulling in Facebook user data into its own web services — Seemingly in contradiction to Facebook’s user policy. TechCrunch has a closer look.
Newspaper company Gannett buys consumer web services company Ripple6 — Terms weren’t disclosed.
Jobs sites Jobster cuts 40 percent of its jobs — The company had raised $7 million back… Continue Reading
iBiquity Digital raises yet another round to fuel HD Radio ambitions
Getting HD Radio off the ground isn’t easy. People are still wed to AM/FM radio. And HD Radio faces tough competition from iPods, music on mobile phones, and satellite radio. But iBiquity Digital is laboring to get HD Radio adopted.
The Columbia, Md., company is in the process of raising a $15 million fourth round of venture capital, VentureBeat has learned.
Investors include Grotech Partners in Timonium, Md.; J.P. Morgan in New York; New Venture Partners in… Continue Reading