Translation Platform Gengo Raises $12M Funding Round Led By Intel Capital
Gengo, an increasingly popular online translation service that uses a network of more than 7,500 pre-screened and rated translators to provide high-quality translations in 33 languages, announced that it has raised a $12 million funding round. The round was led by Intel Capital, with participation from returning investors, including Atomico, Iris Capital, Infocomm, NTT-IP and Saudi Telecom Ventures. The service previously raised a total of $6.8 million, including a $5.25 million series A round led by Atomico and Dave McClure’s 500 Startups. McClure is also a Gengo board member. The fact that a number of telecom companies are part of this round, Gengo’s CEO and founder Robert Laing told me in an email earlier today, ”shows how telecoms companies ‘get’ the global opportunity of Gengo.” “The Gengo team is excited about working with investors from Asia, the USA, Europe, and the Middle East, led by Intel Capital, because of their global experience and track record helping entrepreneurs,” ...
Mobile CRM Apps To Grow 500% By 2014 As Market Turns With Decline In PC Shipments
Gartner Research is reporting mobile CRM apps will grow 500 percent by 2014, another sign of a shifting market that has more to do with work getting done in the cloud more so than from a server behind the firewall. This is buttressed by Gartner’s news that SaaS providers will represent more than 50 percent of profits in the CRM market by 2016 and the steep decline in PC shipments that Gartner reported yesterday. Gartner reports there are 200 apps now in app stores. By 2014, there will be 1,200. Mobile apps will come in a variety of flavors, attacking specific aspects of the CRM experience. Gartner, citing a CIO survey of more than 2,000 people, predicts that vendors will need to build mobile apps around their specific strengths. Gartner also reported that Salesforce.com remains the No. 1 CRM vendor with 26 percent growth and $2.5 billion in revenue last year. In contrast, Gartner states SAP grew 0.1 percent year-on-year and totaled $2.3 billion in CRM revenue. That is a huge difference ...
Navy To Deploy Lasers On Ship In 2014
Velcroman1 writes "The Pentagon has plans to deploy its first ever ship-mounted laser next year, a disruptive, cutting-edge weapon capable of obliterating small boats and unmanned aerial vehicles with a blast of infrared energy. Navy officials announced Monday that in early 2014, a solid-state laser prototype will be mounted to the fantail of the USS Ponce and sent to the 5th fleet region in the Middle East for real-world experience. 'It operates much like a blowtorch ... with an unlimited magazine,' one official said."
Britain's Domestic Spy Agency Names New Chief
Britain's MI5 has chosen a new director, a 50-year-old ornithologist with counterterrorism experience in the Middle East and Northern Ireland.
Moshe Yaalon named as Israel defence minister
Right-wing former general chosen by Prime Minister Binyamin Netanyahu for his "experience needed in stormy Middle East".