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Raytheon Company's (NYSE: RTN) BBN Technologies has been awarded an additional $6.14 million in funding by DARPA (the Defense Advanced Research Projects Agency) under the Multilingual Automatic Document Classification, Analysis and Translation (MADCAT) program. This award follows Raytheon BBN's success in meeting required milestones during the first two years of the MADCAT program.
Infopia has become a technology partner on Demandware LINK Marketplace, integrating its analytics tools with Demandware's ecommerce platform. The integration will reduce the time and cost of implementing Infopia's new ecommerce analytics solution in a Demandware environment, and will enable quick access to powerful online retail analytics.
Google Inc. signed a definitive agreement to acquire ITA Software Inc., the company that revolutionized air fare shopping, for $700 million in cash. The deal requires regulatory approval.
On a telephone call with analysts and reporters, Google chief executive Eric Schmidt said airline travel and search represent a “perfect opportunity for more innovation, more investment and more interesting products.”
Biofuels firm Stellenbosch Biomass Technologies (SBMT) is launching in South Africa to commercialise technology developed by Massachusetts-based Mascoma. The firm will work with Stellenbosch University to develop the technology and plans to build a demonstration-scale plant within the next two years, subject to securing investment.