Chief tech correspondent, Europe, Mideast & Africa, Frankfurt
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Jul 23, 2015

Venture-backed firms take record $32 billion in second-quarter, mostly in mega-deals

FRANKFURT (Reuters) – Venture capital-backed firms globally raised a record $32.5 billion in the second quarter, but this eye-watering figure disguises a disquieting fixation on mega-deals, which attracted half of all funding, resulting in fewer start-up deals.

The quarter saw 61 mega-rounds, defined as investments of $100 million or more, taking in more than $16 billion, as wavering confidence in public markets fed the rise of private IPOs, a report out on Thursday said.

Jul 23, 2015

Venture-backed firms take record $32 bln in Q2, mostly in mega-deals

FRANKFURT, July 23 (Reuters) – Venture capital-backed firms
globally raised a record $32.5 billion in the second quarter,
but this eye-watering figure disguises a disquieting fixation on
mega-deals, which attracted half of all funding, resulting in
fewer start-up deals.

The quarter saw 61 mega-rounds, defined as investments of
$100 million or more, taking in more than $16 billion, as
wavering confidence in public markets fed the rise of private
IPOs, a report out on Thursday said.

Jul 23, 2015

Notion raises new fund to become Europe’s biggest cloud financier

FRANKFURT, July 23 (Reuters) – British venture capital firm
Notion Capital is raising a third fund that will make it
Europe’s largest bankroller of cloud-based business software
start-ups, the company said on Thursday.

The London-based firm said it had initially raised $120
million in a new fund for cloud computing and Software as a
Service (SaaS) companies and is targeting upwards of $150
million once fundraising for the round closes later this year.

Jul 23, 2015

Chipmaker ST warns of weakening demand in China and PC chips

FRANKFURT/PARIS, July 23 (Reuters) – Franco-Italian
chipmaker STMicroelectronics posted substantially
in-line quarterly results on Thursday, while forecasting slower
growth in the current quarter due to sluggish computer demand
and a decelerating economy in China.

Europe’s largest semiconductor maker reported second-quarter
net revenue of $1.76 billion, a decline of 5 percent from the
second quarter of 2014 and just shy of the $1.78 billion mean
estimate of analysts, according to Thomson Reuters data.

Jul 21, 2015

Temenos second quarter shows license rebound on strong Europe, new U.S. deals

FRANKFURT (Reuters) – Swiss banking software maker Temenos Group AG (TEMN.S: Quote, Profile, Research, Stock Buzz) posted solid second-quarter results after weak recent financial reports, led by renewed European investment and wins at two major U.S. banks, it said on Tuesday.

Temenos reported operating income, excluding one-time items, of $31.7 million, compared with $22.5 million in the year-ago quarter. The analysts’ consensus estimate was 29.3 million, based on 11 forecasts.

Jul 21, 2015

Temenos Q2 shows license rebound on strong Europe, new U.S. deals

FRANKFURT, July 21 (Reuters) – Swiss banking software maker
Temenos Group AG posted solid second-quarter results
after weak recent financial reports, led by renewed European
investment and wins at two major U.S. banks, it said on Tuesday.

Temenos reported operating income, excluding one-time items,
of $31.7 million, compared with $22.5 million in the year-ago
quarter. The analysts’ consensus estimate was 29.3 million,
based on 11 forecasts.

Jul 21, 2015

German car makers close to clinching Nokia maps deal for $2.74-3.29 billion: sources

FRANKFURT/BERLIN (Reuters) – Germany’s premium car makers are close to a deal to buy Nokia’s HERE map business for between 2.5 billion and 3 billion euros ($2.74 billion to $3.29 billion), but a final agreement hinges on the question of who owns the patents which help self-driving cars talk to mobile networks, two sources familiar with the deal told Reuters on Tuesday.

The purchase of HERE, which has been valued at between 2 billion and 4 billion euros, could also require multi-year pledges to make further investments to improve map data quality. The deal is expected to be finalised by the end of July, if the two sides can settle the intellectual property issues, the two sources familiar with the transaction said.

Jul 21, 2015

German car makers close to clinching Nokia maps deal for 2.5-3 bln euros -sources

FRANKFURT/BERLIN, July 21 (Reuters) – Germany’s premium car
makers are close to a deal to buy Nokia’s HERE map
business for between 2.5 billion and 3 billion euros ($2.74
billion to $3.29 billion), but a final agreement hinges on the
question of who owns the patents which help self-driving cars
talk to mobile networks, two sources familiar with the deal told
Reuters on Tuesday.

The purchase of HERE, which has been valued at between 2
billion and 4 billion euros, could also require multi-year
pledges to make further investments to improve map data quality.
The deal is expected to be finalised by the end of July, if the
two sides can settle the intellectual property issues, the two
sources familiar with the transaction said.

Jul 17, 2015

Ericsson profit beats forecast as U.S. sales stabilise

STOCKHOLM/FRANKFURT, July 17 (Reuters) – Ericsson
, the world’s No.1 mobile network equipment maker,
beat second-quarter sales and profit forecasts and said its
mainstay North American business had stabilised after three
quarters of declines, lifting its shares as much as 6 percent.

Mobile operators in North America, which accounts for about
a quarter of Ericsson’s turnover, have largely finished building
out the latest 4G networks, meaning suppliers are having to
focus on upgrading congested parts of existing networks there.

Jul 16, 2015

Qualcomm faces EU antitrust probes over tactics to block rivals

BRUSSELS/FRANKFURT (Reuters) – European Union antitrust regulators are investigating whether one of the world’s biggest chipmakers, Qualcomm, uses illegal tactics to shut out rivals, six years after slapping a record 1 billion euro ($1.09 billion) fine on Intel for a similar offense.

Qualcomm has been feeling the heat from regulators in Europe, the United States, China, Japan and South Korea in recent years in relation to its licensing model and the power of its patents in mobile networks and communications devices.

    • About Eric

      "Eric Auchard is chief technology correspondent for Reuters in Europe, the Middle East and Africa, based in Frankfurt. He has worked in San Francisco, New York, Washington D.C., London and Vienna during a 22-year career with Reuters as reporter, columnist and editor, covering key developments in semiconductors, software, mobile gadgets, social media and, more recently, payments and cars. Eric traced the highs and lows of the tech industry during the dot-com mania, the crash that followed and its subsequent resurrection, reporting from more than 30 countries as Reuters global technology correspondent. He grew up in Silicon Valley, long before it ..."
      Joined Reuters:
      1993
      Languages:
      English
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