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Startup incubator DreamIt Ventures announced its first hybrid accelerator program offering Israeli Entrepreneurs (who currently reside in Israel) a special program including accelerator time in both Israel and New York. The program aims to give five Israeli startups an early market exposure, so that they can develop their product/market fit based on feedback and...

Yahoo, the premier digital company, announced that co-founder Jerry Yang has resigned from its board of directors. Yang’s resignation comes shortly after the appointment of Scott Thompson as Yahoo’s new CEO. “My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time...

AlienVault, cyber security startup, has officially hired seven former HP and HP acquired Fortify company employees. The company was founded in 2007; the silicon valley-based produces unified security management solutions for better threat management. The company is the creator of Open Source Security Information Management (OSSIM), which provides a set of tools that...

BlablaCar, a European social carpooling marketplace, has successfully raised $10 million from Accel Partners and existing investors ISAI and Cabiedes & Partners. The total funding that the company has raised is $12.5 million so far. BlablaCar, a website in which drivers can register, publish their trips and contact other members who are making the same trip...

Possible chances seem to be there that, Facebook, World’s largest social network, IPO is likely to come in the third week of May, report confirms. Mentioning multiple sources, All Things D mentioned that social networking giant will file its public offering somewhere by next month, given the review by the SEC, the whole process will takes three to four months. The...

Symantec, security software giant, has announced the acquisition of a privately-held cloud email archiving company, LiveOffice for $115 million. The acquisition will extend Symantec’s intelligence information governance offering to the cloud, providing customers a choice between on-premise, cloud or hybrid delivery of Symantec solutions. The advantage of intelligent Governance by implementing the proper controls for information retention and protection, organizations with this can confidently allow their employees to share information...

Flagship Ventures, a leading venture capital firm focused on healthcare and sustainability closes its year-end 2011 deal of its largest fund to date, raising $270 million for Flagship Ventures Fund IV L.P., exceeding what its target $250 million – it targets. Flagship’s portfolio companies seem to be tackling big, human-scale problems from energy to epidemics,...

Splunk, an enterprise data software company has filed for $125 million IPO on January 12. San Francisco based Splunk offers businesses software used to report, monitor and analyze the machine data produced by the applications, systems and infrastructure that runs a business. The company’s focus is to make machine data accessible, usable and valuable to everyone....

Acacia Research Corporation, known for its 200+ technology patent portfolios, announced that it has acquired ADAPTIX, a 4G wireless technology company. The company is paying $160 million for the acquisition. ADAPTIX, which is having its 230 issued and pending patents portfolio in 13 countries, is recognized well in the industry as one of its first developers of cutting...

Bill Gates, the man who is currently working as a chairman of Microsoft, the software company he founded with Paul Allen in mid nineteen-seventies. Being known by the whole world, Bill gates made another mark, through donations to numbers of global health causes; he has saved an estimated 5.8 million lives. Frugal Dad detailed the impact that Bill Gates’ philanthropic...