Cloud Phone Service RingCentral Files for $100 Million IPO

RingCentral, the cloud-based phone service for businesses, just filed for an initial public offering with the U.S. Securities and Exchange Commission. It has proposed using the ticker symbol RNG. While the valuation and offering price haven’t yet been determined, the company’s filing has a detailed look at its finances and who owns what. Its biggest … Continue reading

How Do You Get VCs to Invest in a New Videogame? QuizUp Did It With “Twilight.”

Apparently, the answer is “red.” The more you know … Pre-launch videogames, generally speaking, are not the best fit for venture capital. Games are notoriously a hits-driven business, and the sheer number of free titles being released every month makes picking the winners an inexact science, at best. Nothing speaks louder than numbers, though, as … Continue reading

Cisco Pays $2.7 Billion for Security Player Sourcefire

Networking giant Cisco Systems said today that it will pay $2.7 billion for Sourcefire, a security equipment company based in Columbia, Md. The deal was announced in a corporate blog post. Sourcefire specializes in intrusion-detection appliances. Its products are based on open-source intrusion-detection software called Snort, which it created. It was started in 2001, has … Continue reading