Mobile payments provider LoopPay has secured funding from global payments firm Visa, the company has revealed, without saying how much is involved. The US company, which launched earlier this year, is pioneering a technology that capitalises on the installed based of magnetic stripe-reader point-of-sale systems rather than NFC, which is the current favourite in mobile payment circles.
Swedish vendor Ericsson on Tuesday agreed to acquire US-based MetraTech, a provider of metadata-based billing, commerce and settlement tools. Financial details were not disclosed but the acquisition is not telecom specific. Ericsson said MetraTech’s billing suite is adaptable to multiple business models and industries, extending the company’s presence into other key markets, including transport and utilities.
Identity and authentication service provider SecureKey has announced a collaboration with Oberthur Technologies, which delivers SIMs and SIM-based software to drive further competition in the mobile identity service market. The agreement will enable SecureKey to extend its authentication capabilities to support SIM-based secure elements.
European carrier Telefónica has unveiled a collaborative security working environment aimed at helping developers and researchers create and share their own digital intelligence gathered from different sources. It offers security researchers and intelligence analysts and developers a free infrastructure to create topologies using the modules available in the community as well as custom developed modules.
Networking giant Cisco on Wednesday announced plans to open an Internet of Things innovation centre in the Spanish city of Barcelona. From 2015 to 2020, Cisco intends to invest close to $30m in the facilities’ restoration, innovation lab, IT equipment, and talent acquisition primarily in engineering, application development and research.
UK startup and fabless semiconductor company XMOS this week announced $26.2m in Series D investment that will see Chinese vendor Huawei take its first equity stake in a British firm. The Chinese company joins Robert Bosch Venture Capital of Germany and Xilinx from the USA as strategic investors, alongside existing investors Amadeus Capital Partners, DFJ Esprit, and Foundation Capital.
BlackBerry has announced the appointment of Marty Beard as chief operating officer, who joins the struggling devices and software manufacturer from LiveOps, a provider of cloud-based customer service solutions.
Microsoft chief executive officer Satya Nadella announced long-rumoured job cuts on Thursday. In a memo to staff Nadella said the company would cut up to 18,000 jobs over the next year, or 14 per cent of the company’s workforce, as it realigns its corporate resources to focus on mobile and cloud and integrates Nokia within the wider business.
With 941 new LTE devices launched in the past year, the device sector has seen almost 100 per cent annual growth, with the number of manufacturers playing in the space increasing by 68 per cent over the same period, according to statistics released this week by the GSA (Global mobile Suppliers Association).
Building on growing momentum in the connected home space, several big name vendors including Yale Security, Silicon Labs, Samsung Electronics, Nest Labs, Freescale Semiconductor, Big Ass Fans and ARM, have joined forces to develop a new IP-based wireless networking protocol to connect devices.
Apple and IBM have joined forces to target enterprise mobility through business applications that bring IBM’s strengths in big data and analytics to Apple devices. The move is intended to strengthen Apple’s presence in the enterprise space with more than 100 industry-specific tools and native apps, developed exclusively for the iPhone and iPad.
The brains behind Google Glass, Babak Parviz, has left one internet giant for another, this week revealing his departure from Google and new employment at Amazon. The move comes as interest in the wearable computing space continues to heat up.
A collaboration of industry vendors took form on Tuesday with the inauguration of a consortium focused on improving interoperability and defining connectivity requirements for the billions of devices that will make up the Internet of Things (IoT).
Automotive manufacturers continue to look to the future, with Toyota recently tapping up IBM to build and design an application development platform that will foster the creation of in-car services to improve the driver experience. The project is part of Toyota’s newly established telematics service, called T-Connect.
On the eve of the Google I/O conference, the company’s annual developer shindig, home automation pioneer Nest Labs launched a developer programme to connect its thermostat and smoke alarm devices to the wider Internet of Things.
Home security camera firm Dropcam said Monday that it has signed an agreement to be acquired by Google-owned Nest, the maker of connected home products like thermostats. The price tag is thought to run to $555m in cash.
Software developer Mozilla began repackaging Firefox OS applications for the Android OS this week as it continues to champion open web technologies. Android users can now install apps designed and built for Firefox OS from the Firefox Marketplace and have them behave as they would on Mozilla’s platform.
Vodafone Group is moving its global innovation centre from Silicon Valley to London, as it seeks to benefit from a wealth of technology skills and talent in the UK and Europe.
Global smartphone sales leader Samsung has finally unveiled a smartphone running on Tizen – the new, Linux-based, open-source mobile OS that Samsung has been developing in partnership with Intel ever since Nokia threw the towel in on MeeGo back in 2011.
Apple confirmed rumours on Wednesday night with an agreement to acquire subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, founded by rapper Dr Dre.