Tags Deutsche Telekom

Tag: Deutsche Telekom

CipherCloud Raises $50M

Cloud security company CipherCloud has closed a $50 million round of financing. Transamerica Ventures led the round, joined by Delta Partners, and existing investors Andreessen Horowitz and T-Venture, the venture capital arm of Deutsche Telekom. Update: 03-12-14

Red Hat To Acquire Inktank For $175M

Red Hat has agreed to acquire Inktank, a privately-held company, for approximately $175 million in cash, subject to certain adjustments at closing. The transaction is expected to close in May 2014, subject to customary closing conditions. Founded in 2012, Inktank is the company behind Ceph, an open source, software-defined storage system that runs on commodity hardware. Ceph was developed by Inktank's founder and chief technology officer, Sage Weil, and is a replacement for legacy storage systems. Inktankcustomers include Cisco, CERN and Deutsche Telekom, and its partners include Alcatel-Lucent and Dell. The company has offices in Los Angeles and San Francisco.

Fon Closes $14 Million Round, Working With Qualcomm

Fon, a company that operates a system of dual access wireless networks, has completed a $14 million funding round. Qualcomm Ventures led the fundraising, with Index Ventures, Google, Coral, Atomico and Deutsche Telekom also participating.  Fon is in the process of developing a router that combines social WiFi with social music, based on a chipset from Qualcomm Atheros, a subsidiary of Qualcomm. This new router is expected to be available in the first half of 2014.  Qualcomm Atheros is also integrating Fon as a feature, available via SDK for its chipsets.

Mozilla, Telcos Form Open Web Device Compliance Review Board

Deutsche Telekom, LG, Mozilla, Qualcomm, TCL/Alcatel Onetouch, Telefónica and ZTE have come together to create the Open Web Device Compliance Review Board (CRB). The CRB is a partnership between operators, device OEMs, silicon vendors, and test solution providers, and will be an independently-operated organization. The goal of the CRB will be to promote the open Web device ecosystem, by encouraging API compliance as well as ensuring competitive performance. The CRB will also be the foundation for Mozilla’s Firefox OS branding requirements. Why is a compliance review board necessary? To reduce OS fragmentation, and provide a faster time to market, as well as to ensure performance uniformity, and provide global independent API certification, according to the CRB website.  

Numecent Closes $13.6M Funding Round

Numecent has closed $13.6 million in a funding round led by T-Venture, the VC arm of Deutsche Telekom.  The financing will be used to fund organizational growth in sales, marketing and engineering, says the company.   Numecent is a B2B business, and provides digital delivery, deployment and provisioning of native software and other non-linear assets through virtualization. The company uses patented 'cloudpaging technology' that it says can reduce the network footprint of digital downloads between 20x and 100x and execute them natively without actually requiring installation. Once cloudpaged, applications can even run off-line.  

ShareThis Raises $23M, Acquires Socialize

ShareThis has secured $23 million in Series C financing. In another development, the company acquired mobile social platform Socialize. ShareThis' new round of funding is led by T-Venture, the venture capital company of Deutsche Telekom, and includes new investors Harbourton and corporate funds represented by West Capital Advisors. Existing investors Blue Chip Venture Company, DFJ, Illinois Ventures, Matthew Pritzker Company, Mercury Fund and RPM Ventures participated. Bernhard Gold of T-Venture is joining ShareThis' board. ShareThis said it plans to use the funding for product development and market expansion. With this Series C round, ShareThis' total funding is $54 million.

Mozilla Launches Firefox OS For Mobiles

Mozilla previewed the first commercial build of its Firefox OS open mobile ecosystem, before the start of Mobile World Congress in Barcelona. Mozilla, is a not-for-profit organization, and Firefox OS will be both free, and open, paving the way to cheaper smartphones. However, the first wave of Firefox OS devices, scheduled to hit the shelves middle of this year, will not be available in the US, even though Sprint is working with Mozilla. Mozilla is working with Alcatel (TCL), LG and ZTE to build the first Firefox OS devices, with Huawei to follow later in the year, all powered by the Qualcomm Snapdragon mobile processors. The company has also signed agreements with several content and service partners. Gary Kovacs (CEO, Mozilla): Firefox OS brings the freedom and unbounded innovation...

Deutsche Telekom CEO Stepping Down

Deutsche Telekom CEO René Obermann is stepping down as CEO at the end of the month. Chief financial officer Timotheus Höttges is succeeding René Obermann as of January 1, 2014 as the new. René Obermann: I want to go back to having more time for customers, for product development and for technology. According to a statement from the company, Mr. Obermann is stepping down as CEO to move closer to operational activities than would otherwise be possible for the CEO of an international corporate group. He is expected to take on even more entrepreneurial activities, though no specifics were shared. Mr. Obermann is leaving Deutsche Telekom after 16 years, of which he spent seven at the head of the company and 11years as a member of the board.

T-Mobile, Metro PCS To Combine

Deutsche Telekom and MetroPCS Communications have signed a definitive agreement to combine T-Mobile USA and MetroPCS. The combined company, which will retain the T-Mobile name. Deutsche Telekom’s supervisory board and MetroPCS’ board of directors have unanimously approved the transaction. The transaction is structured as a recapitalization, in which MetroPCS will declare a 1 for 2 reverse stock split, make a cash payment of $1.5 billion to its shareholders (approximately $4.09 per share prior to the reverse stock split) and acquire all of T-Mobile’s capital stock by issuing to Deutsche Telekom 74% of MetroPCS’ common stock on a pro forma basis. Deutsche Telekom has also agreed to roll its existing intercompany debt into new $15 billion senior unsecured notes of the combined company, provide the combined company...

T-Mobile Leases Out 7,200 Towers In $2.4B Deal

  Crown Castle will acquire rights to approximately 7,200 T-Mobile towers for $2.4 billion in cash, according to an agreement inked by the companies. Under the definitive agreements, Crown Castle will have the exclusive right to lease and operate the T-Mobile towers for a weighted average term of approximately 28 years. In addition, Crown Castle will have the option to purchase the towers at the end of the lease terms for aggregate option payments of approximately $2.4 billion  (which  if exercised would be primarily between 2025 and 2048). The transaction is expected to close in fourth quarter 2012. Crown Castle expects to fund the transaction with cash on hand and debt financing. Deutsche Telekom, of which T-Mobile USA is a subsidiary, will use the proceeds from...

T-Mobile Names John Legere CEO

Deutsche Telekom, the parent company of T-Mobile USA, has appointed John Legere, a 32-year veteran of the U.S. and global telecommunications and technology industries, as CEO of its T-Mobile business unit, effective September 22. He succeeds Jim Alling, who has served as interim CEO since June and will return to his position as T-Mobile’s chief operating officer. Mr. Legere, 54, is the former CEO of Global Crossing. Prior to joining Global Crossing, Mr. Legere was CEO of Asia Global Crossing, a Microsoft, Softbank and Global Crossing joint venture. Before that, Mr. Legere served as senior vice president of Dell, where he was President of the company’s operations in Europe, the Middle East, Africa, as well as in the Asia-Pacific region. From 1983 to 1998, Mr....

Firefox Mobile OS Phones Coming Early 2013

Mozilla's plans for a new fully open mobile ecosystem based on HTML5 is gathering steam, with backing from several global operators. The operating system, which Mozilla confirmed will use its Firefox brand, will power the launch of smartphones built entirely to open Web standards, where all of the device’s capabilities can be developed as HTML5 applications. Deutsche Telekom, Etisalat, Smart, Sprint, Telecom Italia, Telefónica and Telenor are backing the open Firefox OS, says Mozilla.  TCL Communication Technology (under the Alcatel One Touch brand) and ZTE have announced their intentions to manufacture the first devices to feature the new Firefox OS, using Snapdragon processors from Qualcomm. The first Firefox OS powered devices are expected to launch commercially in Brazil in early 2013 through Telefónica’s commercial brand,...

T-Mobile USA CEO Quits

Philipp Humm, resigned as CEO of T-Mobile USA, Deutsche Telekom’s mobile business in the USA. Jim Alling, chief operating officer of T-Mobile USA, will take over the duties of CEO on an interim basis while a search is underway. Mr. Humm is going to pursue a career outside of Deutsche Telekom so as to reunite with his family, which stayed back in Europe, says T-Mobile.  Mr. Humm joined Deutsche Telekom in 2005, and was initially responsible for the company’s mobile business in Germany. In 2008 he took on the responsibility of managing the sales and service activities of the European mobile companies within Deutsche Telekom Group. In May 2010 he moved to T-Mobile USA., taking over as CEO in November of that year.

T-Venture Invests $7.5M In Pinger

Pinger has closed a new round of venture capital financing from T-Venture, the venture capital arm of Deutsche Telekom. In conjunction with the $7.5 million investment, Bernhard Gold, investment director at T-Venture, has joined Pinger’s board of directors. The new investment will be instrumental in fueling Pinger’s international growth. Pinger’s mission is to build the first free global communications network. According to comScore, Pinger’s US communication products are installed in 23% of iOS devices, putting Pinger among the top 5 most installed apps on iOS. The T-Venture investment will provide capital to accelerate Pinger’s penetration on other key platforms and around the world, says the company. Previous investors in Pinger include Kleiner Perkins Caulfield & Byers and DAG Ventures.

Yuri Milner, Kleiner Perkins, Deutsche Telekom Invest In Jawbone

  By Sudarshana Banerjee Jawbone, maker of devices for the mobile lifestyle, has received a combined $40 million in funding from Deutsche Telekom, Kleiner Perkins Caufield & Byers, private investor Yuri Milner, and investors advised by J.P. Morgan Asset Management. Hosain Rahman (CEO, Jawbone): We are experiencing fantastic growth and the worldwide demand for our mobile lifestyle products and services is unprecedented. The new capital brings Jawbone’s funding from investors to date close to $210 million, and will allow the company to broaden its end-to-end offerings and its global footprint. Deutsche Telekom, with its presence in over 50 countries worldwide, is Jawbone’s key strategic and lead carrier partner for Jawbone’s European expansion. The new backers join Jawbone’s existing investors: Andreessen Horowitz, Khosla Ventures, Sequoia Capital, and investors advised by J.P....