Business News Archive - October 31, 2012

Tailored Mobile Services Company Gets Boost In Funding

Mobile startup ItsOn announced on Tuesday that it has raised $15.5 million in series B funding from Venture capital firm Andreessen Horowitz, SV Angel and an investor group led by Jim Davidson.

Silver Tail Systems Acquired By EMC

Privately owned Silver Tail Systems will now become a part of EMCs RSA security division and will bolster the company’s Identity Protection and Verification (IPV) products.

Word of the Day
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.