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Elemental Technologies, the leading provider of massively parallel video processing solutions, today announced it has raised $7.5 million in Series B financing. Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company, joined existing venture funds General Catalyst and Voyager Capital in the financing round.
OLX today introduced the OLX application available for free from Apple's iTunes app store. OLX users can now search local classified ads, reply to listings, & post ads with just a few simple taps and, as always, the use of OLX is completely free. OLX has been already available to mobile internet users for over three years with its mobile-friendly site accessible at http://m.olx.com and is now launching its application for all major mobile operating systems, beginning with the iPhone.
Black Duck Software, a leading global provider of products and services for accelerating software development through the managed use of open source software, today announced that SAP (NYSE: SAP) has selected to implement the Black Duck™ Suite. The comprehensive suite provides a platform for managing the use of open source software in a multi-source development process. It will help development teams at SAP improve productivity by further automating the company's open source approval processes. SAP is the world's leading provider of business software(*).