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Amp’d Mobile Files for Bankruptcy

Filed under: — 11:53 pm

On June 1 Amp’d Mobile filed for Chapter 11 bankruptcy protection. Nearly half of their customers don’t pay, and that became a problem.

Source: BusinessWeek

Google and Salesforce to Work Together

Filed under: — 11:50 pm

“Salesforce will introduce a version of its customer relationship management software that lets small companies buy Google text ads to promote their businesses, then manage leads that result from the campaigns from within Salesforce’s product. The tieup fell short of speculation that Google might buy or invest in Salesforce and underscores that while purveyors of on-demand software are seeking new partnerships for growth, the mergers-and-acquisitions market for those firms remains tepid.”

Source: BusinessWeek

Avaya Agrees to Buyout

Filed under: — 11:48 pm

Avaya agrees to be acquired by Silver Lake Partners and TPG Capital for about $8.2 billion, or $17.50 per share cash. Avaya provides communications systems equipment to businesses, government agencies, and other organizations.

Source: Forbes

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