The Red Herring editorial team selected the Finalists for the 2012 Red Herring 100 Europe Award. This group of companies is the short list for the Top 100 Europe award. They are…
German Security Company Avira Buys SocialShield
Avira, a German security company, has acquired SocialShield, and will be adding its service to its lineup of free security products, the company recently announced. Terms of the deal were not disclosed.…
Huawei Blacklisted
Australia Blacklists China’s Huawei from Building Internet Network Due to Cyber Security Concerns The government of Australia has blacklisted China’s Huawei from a government bid to build a high-speed Internet network out…
UK Mobile Banker Monitise Banks on US Competitor Clairmail
Monitise, the UK mobile banking specialist, has bought its US competitor Clairmail for $173 million. Its a consolidating move that reflects a coming of age in mobile banking. The combined companies will…
Airbnb Buys Crashpadder to Further Expand into Europe Ahead of Summer Olympics
Airbnb has bought Crashpadder, essentially a smaller, UK version of itself. Both companies run online marketplaces in which residences can be rented for short durations. Financial terms of the deal have not…
Spotify Looking to Raise Cash at Massive $3.5B Valuation
Spotify is rumored to be looking for more cash, which logically makes sense as it continually grows users, paying subscribers and its music library. The jaw dropper comes with the valuation it…
Following 2010’s Slump, Israeli VCs Raised $796M in 2011
Half of All Israeli Deals Come from Foreign Funds Following a lackluster year in which Israeli VC funds raised virtually no capital, the sector returned in 2011 to raised $796 million, according…
China to Top US in Smartphone Activations
The number of new smartphone activations in China is growing by staggering leaps and bounds. Though the country ranked in only 11th place at the start of 2011 in iOS and Android…
Google Takes Flight Search International
Google has taken its Flight Search internationally, offering an easy way to check and compare flights to over 500 international airports. The only catch is you’ll have to start your flight in…
China to Ship Majority of World’s Smartphones in 2012
China is poised to become the world’s leader in smartphone shipments in 2012, according to recent research from IDC. With its sheer size, China nudged the US out of the lead by…