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LogMeIn acquired LastPass password manager for $125 million

LogMeIn acquired LastPass password manager for $125 million

Hungarian remote computing company LogMeIn acquired password management service LastPass for $125 million. It is a good buy for LogMeIn, which already has millions of customers who care about secure access to multiple devices and accounts.

LogMeIn acquired the popular single-sign-on (SSO) and password management service LastPass in a deal worth at least $120 million. A high growth business with millions of loyal users and an award winning product line, LastPass will immediately bolster LogMeIn's position in the multi-billion dollar identity and access management (IAM) market, while accelerating one of the company's key strategic growth initiatives.Read more »

Emarsys takes on $33m Series A investment from Vector Capital

Emarsys takes on $33m Series A investment from Vector Capital

Hungarian startup Emarsys announced a $33 million equity investment from San Francisco-based Vector Capital. It’s the first investment in the company’s fifteen-year history, the funding will be used to further develop the platform and team internationally.

Emarsys, an all-in-one marketing cloud for predictive marketing, personalization, analytics, and marketing automation announced a $33 million equity investment from San Francisco-based Vector Capital. Emarsys has more than 500 employees serving more than 1,300 clients in 140 countries from 16 global offices. It’s the first investment in the company’s fifteen-year history, the funding will be used to further develop the platform and allow for a full operational buildout of teams in the U.S. and Latin America. .Read more »

CEED Tech consortium announces its second open call for startups

CEED Tech consortium announces its second open call for startups

CEED Tech, the Central European consortium of tech accelerators announced an open call for applications to its five accelerator programs starting in 2016. Startups will receive up to €30,000 in funding. The open call runs from August 27 through November 1.

CEED Tech, the Central European consortium of tech accelerators announced an open call for applications to its five accelerator programs, kicking off in January of 2016. The open call runs from August 27 through November 1. Up to 50 startups from the CEE region and beyond will receive up to €30,000 in seed funding. Iin addition, a €250,000 follow-on fund is available at each accelerator for the best performing startups. Read more »

Automotive startup ADASWorks receives $2.5 million investment

Automotive startup ADASWorks receives $2.5 million investment

ADASWorks announced that it closed a Series-A round by Robert Bosch Venture Capital, Inventure, OTP-Day One, and angel investor Tim Draper. The $2.5 million funding will be used for growing the company’s engineering team and testing infrastructure.

ADASWorks announced that it closed a Series A round by Robert Bosch Venture Capital from Germany and Inventure from Finland. The venture capital firms were followed by the leading Hungarian seed investor OTP-Day One and angel investor Tim Draper. The funding will be used for growing the company’s engineering team, building a robust testing infrastructure and productizing the current algorithms for automotive clients.Read more »

Join Bits & Pretzels, the festival for founders in Munich

Join Bits & Pretzels, the festival for founders in Munich

Bits & Pretzels is a 3-day event for founders, startup enthusiasts, investors and business incubators. The festival, that provides an extensive program for 3 days will take place in Munich from September 27–29, at the International Congress Center Munich.

Bits & Pretzels was considered to be the largest founders breakfast in the world and already took place at the “Löwenbräukeller“ in Munich twice. The first edition of the event in September 2014 already exceeded the organizer’s expectations. Approximately 1,400 representatives of the startup ecosystem participated in the founders conference. In January 2015, there were even 1,700 participants.Read more »


 
 
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