FRANKFURT (Reuters) – Britain’s Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday.
Aleph Capital Partners, a UK investment firm headed by former Goldman Sachs European private equity investment chief Hugues Lepic, and Crestview Partners, a U.S. private equity firm founded by ex-Goldman colleagues, have agreed to buy a 30 percent stake in London-based Interoute.
FRANKFURT (Reuters) – Nine months after Apple and IBM began working together on building mobile apps for businesses, some of the first fruits are about to appear at UK pharmacy chain Boots, which has begun equipping store employees with iPads to serve shoppers in the aisles.
These customer service apps are part of a bid by Boots to encourage consumers to pre-order cosmetics and toiletries online, similar to calling ahead for medical prescriptions, while turning its 2,500 retail outlets into convenient pick-up points.
FRANKFURT, March 25 (Reuters) – Helpling, an online
marketplace for hiring home cleaners backed by Germany’s Rocket
Internet, said on Wednesday it had raised an
additional 43 million euros ($47 million) from a group of
top-name European investors, including Rocket.
Helpling, which offers its services in 200 cities, provides
a vetted online directory for booking cleaning services and is
aimed at young professionals who are increasingly comfortable
with researching and buying services via their mobile phones.
BOSTON/FRANKFURT, March 19 (Reuters) – New bugs in the
widely used encryption software known as OpenSSL were disclosed
on Thursday, though experts say do not pose a serious threat
like the “Heartbleed” vulnerability in the same technology that
surfaced a year ago.
“Heartbleed” triggered panic throughout the computer
industry when it was reported in April 2014. That bug forced
dozens of computers, software and networking equipment makers to
issue patches for hundreds of products, and their customers had
to scour data centers to identify vulnerable equipment.
FRANKFURT (Reuters) – A German regional court on Wednesday issued a nationwide ban on online taxi service Uber, barring it from operating commercial services and levelling stiff fines for any violations of the country’s local transport laws.
Each violation of the order against Uber and its uberPOP online service was subject to a 250,000 euro ($264,825) fine, a three-judge panel of the Frankfurt regional court ruled.
FRANKFURT, March 18 (Reuters) – Uber, the controversial
online taxi service, faced intense questioning on Wednesday
before judges in a German regional court, who said the company
violated German and European laws and setting the stage for the
court to renew a nationwide band on its uberPOP service.
The case, brought before Frankfurt’s regional court by
German taxi operator group Taxi Deutschland, is one of more than
a dozen lawsuits which have been filed in countries across
Europe in recent months against the San Francisco-based company.
TEL AVIV/FRANKFURT (Reuters) – Two years after scientists cooked up the first test tube beef hamburger, researchers in Israel are working on an even trickier recipe: the world’s first lab-grown chicken.
Professor Amit Gefen, a bioengineer at Tel Aviv University, has begun a year-long feasibility study into manufacturing chicken in a lab, funded by a non-profit group called the Modern Agriculture Foundation which hopes “cultured meat” will one day replace the raising of animals for slaughter.
FRANKFURT (Reuters) – Helpling, an online marketplace for hiring home cleaners backed by Germany’s Rocket Internet, is expanding beyond its base in Europe to set up new operations in the Middle East and Asia, aided by the acquisition of a rival Singapore start-up.
Berlin-based Helpling said it was acquiring Singapore-based Spickify for an undisclosed sum. Hoe Yeen Teck, Spickify’s co-founder and chief executive, will be Singapore country manager of the company, which will operate under the Helpling brand.
FRANKFURT (Reuters) – Security professionals are unable to keep pace with cybersecurity threats against companies as external and internal threats mushroom from both known and emerging technologies, a survey published on Wednesday showed.
The study of just over 1,000 security professionals in the United States, Britain and Canada paints a picture of mounting pressures on organizations due to a shortage of necessary specialist skills, tight budgets and poor employee education.
LONDON/FRANKFURT, March 11 (Reuters) – To observers of the
secretive Swiss watch industry, its quiet, seemingly passive
response to Apple Inc’s plan to attack their
centuries-old business could be mistaken for submission before
an overwhelming adversary.
But luxury and fashion groups Richemont, LVMH
, Swatch Group and Guess Inc have been
busy in the past year tinkering with smartwatches of their own,
while aiming to preserve their products’ more timeless appeal.