Intel aims at emerging markets with smartphone Atom processors, and Bay Trail Atoms will arrive after that, the company announces at CES 2013.
iKnowledge, which provides content management and distribution, says it has raised $8 million in a second round of financing, bringing its total to $19 million. The funding was provided by original investors Carmel Ventures, DOR Ventures and Star Ventures, and by new investor D-Partners. A representative for the Lexington, Mass.-based company said it will use the funds to aid its expansion in Europe and to continue development of its ActiveContent Suite, which the company released in September. The technology enables businesses to update content on their Web sites without the hassle of using Java or HTML coding. Earlier this year, iKnowledge signed a deal to manage content for a broadband music video program from Universal Music Group.
BladeLogic has raised $6 million in a first round of funding, led by Battery Ventures and Bessemer Venture Partners. Lexington, Mass.-based BladeLogic develops software for managing networks of servers. BladeLogic's software helps instantly identify and fix problems such as inconsistent software installations and vulnerability to viruses and performance problems.
Surebridge said Tuesday it received a $15 million second round of funding. The Lexington, Mass.-based company, which has raised a total of $51 million, is an ASP (application service provider) to mid-sized companies in the professional services, manufacturing and financial services industries. Surebridge received investments from Axxon Capital, The Berkshire Group, Compaq Computer, Providence Growth Investors, Spectrum Equity Investors, Goldman Sachs and executives at Thomas H. Lee Partners. Computer giant Compaq also struck an alliance with Surebridge, in which the companies will launch a joint marketing effort and standardize Surebridge on its ProLiant servers, storage systems and computer terminals. See complete list.
Universal Music Group says it has selected iKnowledge's technology to manage content for its broadband music video program, dubbed The Viewing Lounge. Lexington, Mass.-based iKnowledge provides technology that lets businesses update new content on their Web sites without the hassle of coding, such as Java or HTML. Universal's program creates a block of music videos based on a viewer's favorite music. While watching the videos, the viewer can use additional features such as artist content, including text, photos and a video ratings system. Universal will use iKnowledge's iNext technology to help manage, deploy and update its music video program.
Bessemer Venture Partners, the country's oldest venture capital firm, acquires Lexington Partners to focus exclusively on finding staff for the businesses in its portfolio.
Online college bookstore Ecampus.com is adding four new clothing brands to its site including Converse and Gotcha, the company said today. The Lexington, Ky., company is expanding its Web site to tap further into the more than $100 billion spent annually on school-related items and clothing. Ecampus.com is also adding Vans and Eastpak USA brands to its Web site. Ecampus.com offers an online book-buyback service and features an auction area on its site.
Computer Sciences Corporation today announced a multiyear information technology agreement with defense contractor Raytheon Company. The value of the agreement to CSC is approximately $65 million a year for an undisclosed term. The agreement calls for CSC to manage a significant portion of Lexington, Mass.-based Raytheon's information technology infrastructure, including mainframes and data centers; help-desk support; and network operations. CSC will assume management of these operations in the first quarter of 2000. As part of the agreement, up to 300 Raytheon employees will be offered jobs by CSC.