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Azingo to invest $50 mn to offer Linux solutions
With an aim to capture 20 per cent market share in five years, provider of open mobile phone software Azingo will invest USD 50 million to deliver Linux solution to mobile operators. "We expect to capture up to 20 per cent of the market share in a span of 4-5 years," Azingo CEO Mahesh Veerina said, adding he sees 500 million subscribers using Linux platform on their mobile phones in the same time. The US-based company would offer cost-effective Linux platform based on LiMo Foundation software for small-to-high end users and also tap rural and urban markets.....Read about provider of open mobile phone software...

Microsoft CEO defends need for big Web investments
Microsoft Corp Chief Executive Steve Ballmer on Thursday defended the company's need to make steep investments in its Internet business in order to compete with Google Inc and said such moves could boost its value in time. Speaking to Wall Street analysts at the company's annual analyst meeting at its Redmond headquarters, Ballmer said its online businesses could eventually generate a majority of the economic value created by the world's largest software maker......Read about Microsoft big Web investments...

iYogi bags $9.5 mn from SAP-led VCs in second round funding
iYogi, the Gurgaon-based B2C technology support provider, has secured a second-round funding of $9.5 million from a consortium of VCs led by SAP Ventures, a division of the German software major SAP. This is SAP Ventures first investment in India and the fund is close to investing in couple of other IT and ITeS companies in India. Other investors in iYogi include Canaan Partners and Silicon Valley Bank (SVB) India Capital Partners........Read about iYogi, the Gurgaon-based B2C technology...

UnitedLex to infuse over Rs 25 cr for global expansion
Legal outsourcing firm UnitedLex on Wednesday said it will invest over Rs 25 crore for global expansion, with funds being led by Canaan Partners and Helion Venture Partners. The Gurgaon-based company also plans to open one more delivery centre in Gurgaon around September to further strengthen its global delivery network in legal consulting, analytics and outsourcing solutions, UnitedLex Chief Operating Officer Anup Bhasin said here......Read about Legal outsourcing firm UnitedLex...

Tech Mahindra to invest $150 mn in 3 yrs
IT services and telecom solutions provider Tech Mahindra will invest USD 150 mn over the next three years to set up 4 development centres across India. "The company will spend USD 150 mn over the next three years (to develop four centres)," Mahindra & Mahindra Group Chairman Anand Mahindra told shareholders at the 21st Annuam General Meeting of Tech Mahindra here on Tuesday. Tech Mahindra Vice-Chairman, Managing Director and Chief Executive Officer Vineet Nayyar later said that the investment would be made to set up centres in Pune, Kolkata, Chandigarh and Nodia........Read about Tech Mahindra...