Investment stories - Page 46

Xero secures NZD $4 million from Peter Thiel to fuel its US expansion, with Thiel joining the US Advisory Board to challenge Quickbooks.

Google's Q3 financials reveal a robust 23% revenue surge, hitting USD $7.29 billion. CEO Eric Schmidt credits core and new businesses for this growth.

New Zealand's economy contracted in September, with large firms' profits falling sharply and business confidence turning negative, says NZIER.

Xero has invested NZD $200,000 for a 15.9% stake in Max Solutions to fund the development of a New Zealand-specific tax lodgement system.

NZICT launches a competition to educate SMBs on harnessing technology, offering up to USD $10,000 in ICT goods, services, and consultancy.

Nokia Siemens Networks invests GBP £4 million in OpenCloud to integrate its telecom software, boosting innovation and growth in convergent services.

Telecom evaluates shortlist for Ultra-fast Broadband initiative, remains open to partnership after not being named on list. Shares fall 6%.

Cloud services are transforming disaster recovery. To build a robust back-up plan, consider network bandwidth and seeding backups, plus offsite storage.

New Zealand's Ace Training and Need A Nerd have partnered to offer comprehensive tech solutions, combining expert support with tailored training for SMEs.

Telcoinabox invests USD $2 million to centralise its support operations in Sydney, aiming for a 25% increase in service providers and greater efficiency.

Telecom has settled with the Commerce Commission for USD $1.6 million after complaints from Vodafone and Orcon about anti-competitive behaviour.

Businesses often overlook the strategic value of IT, seeing it as an expense rather than a driver of reliability, capability, and capacity.

AOL is reportedly finalising a deal to sell social network Bebo to Criterion Capital Partners, two years after buying it for USD $850 million.

The Interactive Advertising Bureau of New Zealand (IABNZ) has said that online advertising spend has seen healthy growth in Q1, 2010.

A new program has been established to reward partner investment in Symantec solutions and services that will come into play at the end of the year.

Google reports revenue increase of 23% for first quarter, reaffirms commitment to innovation and heavy investment.

AOL is looking to sell or shut down the online social site Bebo, just two years after buying it for US$850 million.

Ovum predicts the ANZ software market will grow nearly 5% in 2010, reaching USD $5.6 billion by 2013, but pre-recession levels won't return until at least 2012.

Prime Minister John Key is promising that physical work will<br />have begun on the Government’s Ultra Fast Broadband plan by the end of the<br />year.

PM John Key lauds Mako Networks' groundbreaking PCI DSS solution, highlighting New Zealand’s need to innovate and invest GBP £1.5b in high-speed networks.