Worklight Raises $12M with Pitango Leading Round

WorkLight Inc., a startup that provides web 2.0-style access to a wide variety of enterprise applications and databases, today announced that it has closed a series B round of funding totaling $12 million led by Pitango Venture Capital, Israel’s largest VC. Founded in 2006 by CEO Shahar Kaminitz and CTO Yuval Tarsi, the company was [...]

IBM Acquires Storage Startup Filesx

IBM is on a rampage.  After scooping up XIV, partnering with Siverge and now talking with Ctrue and Diligent Technologies, it has now signed an agreement to buy FilesX, an Israeli data-recovery startup founded in 2000.  The startup’s flagship technology, Xpress Restore, allows instant recovery of critical systems, servers and applications to any point-in-time.
According to Globes, IBM is paying [...]

Handset Start-Up Modu Secures $100M

Cellular technology start-up Modu Ltd., which is valued at $150 million, has secured $100 million in funding commitments from investors, according to Globes. It’s still trying to raise additional funds and is continuing to present to local and overseas investors. The company was founded just 18 months ago by Dov Moran, a seasoned [...]