What you need to know - Thursday 1/13/11

Kabbage raised $6.65M; PadPressed $1M; Facebook teams up with Amber Alert

Technology trends and news by Katie Gatto
January 13, 2011
Short URL: http://vator.tv/n/15e7

Concur, a company that makes integrated travel and expense management software, is to acquire TripIt, a travel plan sharing site. The acquisitions will include both a $82 million in cash payments, and unvested restricted stock units at a currently undetermined amount.

RockYou, a developer of social games, is aquiring Playdemic, another social games developer. The terms of the deal were not disclosed.


Kabbage, a loan service that bases decisions on eBay seller ratings, raised $6.65 million. The round was led by BlueRun Ventures with the participation of other investors including David Bonderman, founder of TPG Capital; Warren Stephens, CEO of Stephens Inc.; and the UPS Strategic Enterprise Fund.

Sococo, a virtual office startup, raised $4.2 million in equity funding from undisclosed investors.  


Apple now represents 9.7% of all computers sold in the US, according to data release by Gartner. This was a 23.7% jump from last year.


Gooseberry Natural Resources LLC has filed a patent suit against Reddit, The Atlanta-Journal Constitution, Digg, Fark, Geeknet, TechCrunch, Newsvine, Yahoo and others. The suit is in relation to US Patent No. 6,370,535, System and method for structured news release generation and distribution, which was awarded in 2002.

PadPressed, a WordPress plugin, raised a $1 million seed round of funding. The round was led by Spark Capital, Betaworks and AdMob investor ENIAC Ventures. The company also changed its' name to OnSwipe.

Microsoft has filed a motion with the US Patent Office, to revoke Apple trademark on the words 'App store' on the grounds that the phrase is too generic.


Google acquired eBook Technologies. The terms of the deal were not disclosed.


Facebook and AMBER Alert, the international child abduction alert system, have teamed up to put AMBER’s bulletins on user profiles. Users must sign up to get the alerts from their home state. 

Social gaming is expected to be a $1 billion market in the US in 2011, according to data released by eMarketer. The data estimates that 27% of the online audience, will play at least one social game in 2011.

In Today's Entrepreneur, VatorNews profiled Nathaniel Hunter, the founder of SiXiTS. Nathaniel also founded Spiders Den Comics, Lumens Studios, and Skeleton Crew Cinematics.



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Description: About TripIt TripIt, the trip management company, helps people organize and share their travel plans no matter where they book. Traveler...
Description: RockYou is a leading provider of applications and widgets on the web. RockYou widgets include photo slideshows, glitter text, customized...

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