What you need to know - Monday 11/1/10

Katie Gatto · November 1, 2010 · Short URL: https://vator.tv/n/1337

Vindicia raised $20M; Acquia raised $8.5 million; Dachis Group acquired Stuzo

Vindicia raised $20 million. The company makes an on-demand billing platform. This was the series E  round of funding. The round was led by FTV Capita. Other investors included Bertelsmann Digital Media Investments, DCM and ONSET Ventures. This round brings the company’s total funding raised to $41 million.

The Samsung Galaxy Tab was released in the UK. The device will run at multiple price points. The least expensive device and plan will be £99.99  and £10 a month, for a two-year contract. The most expensive device and plan will be £499.99 with a £40 a month plan, for month to month.

Turkey lifted their ban on You Tube. This ban, instated in May 2008,  was lifted because a third party removed the content that the nation found offensive. This was Turkey's second ban on You Tube in the past decade.

 

Vindicia raised $20 million. The company makes an on-demand billing platform. This was the series E  round of funding. The round was led by FTV Capita. Other investors included Bertelsmann Digital Media Investments, DCM and ONSET Ventures. This round brings the company’s total funding raised to $41 million.


Apple is suing Motorola. The suit is patent suit related to phones like the: Droid, Cliq and Backflip. The six patents in question are related to the multi-touch interfaces and the mobile operating system, which were developed for the iPhone.

The US Supreme Court is beginning oral arguments on Tuesday to see if video games should be regulated by the federal government. The hearing is in response to a 2005 California law banning the sale or rental of violent video games to minors. This suit is only one part of a larger debate about parents level of responsibility in the media they consume.

Dachis Group acquired Stuzo, a provider of social media based marketing applications and programs. They are also one of the largest Facebook Preferred Developers. The terms of the acquisition were not disclosed.

Acquia has raised $8.5 million. The Boston-based company makes commercial open source software and network services for the Drupal social publishing system. This was its third round of funding. The round was led by North Bridge Venture Partners and Sigma Partners. Other investors included Acquia CEO Tom Erickson. This round brought the company’s total of capital raised to $23.5 million.

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Acquia is a ground-breaking open source software company providing value-added products and services for the wildly popular Drupal social publishing system. The people of Acquia believe that the open source development approach and social publishing technology have the power to connect people and unleash their collective creative potential in order to achieve great things.