PR Newswire's Business Technology Round-up, 16th Nov 2012
Poster: SySAdmin
Posted on November 16, 2012 at 9:14:01 AM
PR Newswire's Business Technology Round-up, 16th Nov 2012
LONDON, November 16, 2012 /PRNewswire/ --
- Zulily announces successful funding drive, Brookstone launches new wireless speakers
and Ruckus reveals details of IPO
Zulily, a daily deals website aimed primarily at the female market, has announced a
successful additional funding campaign, with the company raising an extra $85million in
Series D funding
[http://www.prnewswire.com/news-releases/zulily-closes-85-million-in-series-d-funding-led-by-andreessen-horowitz-179570551.html ]
.
The fledgling company has come a long way since its founding in 2009, having raised
its membership numbers to more than 10million customers, who now have access to over 35
deals a day delivering savings of 70%. Zulily intends to use the impressive level of new
funding to expand its product range, offering customers a wider selection of goods under
the 70% discount bracket.
Investors were attracted by the company's stellar financial performance, with a
spokesman from the lead fundraiser, Andreessen Horowitz, describing it as "one of the
fastest growing businesses we've ever encountered". A huge amount of resources has already
been spent on improving the company's infrastructure, including investment in two new
shipping centres and the launch of a mobile application.
Brookstone, a high-end consumer electronics manufacturer, has launched the Big Blue
Media Tower
[http://www.prnewswire.com/news-releases/brookstone-expands-its-line-of-bluetooth-wireless-speakers-with-the-new-big-blue-media-tower-179567511.html ]
as the latest addition to its
rapidly expanding product line.
The new device enables consumers to combine their music and television sound systems
into one product, with the Big Blue Tower wirelessly streaming audio from smartphones,
tablets and computers, as well as the more traditional auxiliary cable input. It is
described as the company's "most powerful speaker", manifested as a sleek 38in sound bar
designed to fill a room with sound regardless of its position. 20 watt speakers allow the
device to project sound around the room with ease, whilst the 30 watt sub-woofer provides
"omnidirectional" bass for an even richer listening experience.
Ruckus Wireless, an up-and-coming provider of B2B wireless technology, has announced
the pricing structure for its much awaited initial public offering
[http://www.prnewswire.com/news-releases/ruckus-wireless-announces-pricing-of-initial-public-offering-179593231.html ]
(IPO) to eager investors.
The IPO values shares at $15 apiece, with a total of 7million shares on offer in its
first sale. An additional 1.4million will be offered by existing stockholders, taking the
potential amount raised to $126million. The shares will launch on the New York Stock
Exchange today under the symbol RKUS, with Goldman Sachs leading the offering. Demand is
expected to be high, with technology investors seeking stable investments after the
disappointing IPO from social networking giant Facebook earlier in the year.
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relations officers to leverage content to engage with all their key audiences. Having
pioneered the commercial news distribution industry 58 years ago, PR Newswire today
provides end-to-end solutions to produce, optimize and target content - from rich media to
online video to multimedia - and then distribute content and measure results across
traditional, digital, mobile and social channels. Combining the world's largest
multi-channel, multi-cultural content distribution and optimization network with
comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to
engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients
from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and
is a UBM plc company.
PR Newswire
LONDON, November 16, 2012 /PRNewswire/ --
- Zulily announces successful funding drive, Brookstone launches new wireless speakers
and Ruckus reveals details of IPO
Zulily, a daily deals website aimed primarily at the female market, has announced a
successful additional funding campaign, with the company raising an extra $85million in
Series D funding
[http://www.prnewswire.com/news-releases/zulily-closes-85-million-in-series-d-funding-led-by-andreessen-horowitz-179570551.html ]
.
The fledgling company has come a long way since its founding in 2009, having raised
its membership numbers to more than 10million customers, who now have access to over 35
deals a day delivering savings of 70%. Zulily intends to use the impressive level of new
funding to expand its product range, offering customers a wider selection of goods under
the 70% discount bracket.
Investors were attracted by the company's stellar financial performance, with a
spokesman from the lead fundraiser, Andreessen Horowitz, describing it as "one of the
fastest growing businesses we've ever encountered". A huge amount of resources has already
been spent on improving the company's infrastructure, including investment in two new
shipping centres and the launch of a mobile application.
Brookstone, a high-end consumer electronics manufacturer, has launched the Big Blue
Media Tower
[http://www.prnewswire.com/news-releases/brookstone-expands-its-line-of-bluetooth-wireless-speakers-with-the-new-big-blue-media-tower-179567511.html ]
as the latest addition to its
rapidly expanding product line.
The new device enables consumers to combine their music and television sound systems
into one product, with the Big Blue Tower wirelessly streaming audio from smartphones,
tablets and computers, as well as the more traditional auxiliary cable input. It is
described as the company's "most powerful speaker", manifested as a sleek 38in sound bar
designed to fill a room with sound regardless of its position. 20 watt speakers allow the
device to project sound around the room with ease, whilst the 30 watt sub-woofer provides
"omnidirectional" bass for an even richer listening experience.
Ruckus Wireless, an up-and-coming provider of B2B wireless technology, has announced
the pricing structure for its much awaited initial public offering
[http://www.prnewswire.com/news-releases/ruckus-wireless-announces-pricing-of-initial-public-offering-179593231.html ]
(IPO) to eager investors.
The IPO values shares at $15 apiece, with a total of 7million shares on offer in its
first sale. An additional 1.4million will be offered by existing stockholders, taking the
potential amount raised to $126million. The shares will launch on the New York Stock
Exchange today under the symbol RKUS, with Goldman Sachs leading the offering. Demand is
expected to be high, with technology investors seeking stable investments after the
disappointing IPO from social networking giant Facebook earlier in the year.
Follow PR Newswire on Twitter
Keep up-to-date with the latest sector-specific news headlines by following PR
Newswire's Twitter accounts:
Consumer [http://www.twitter.com/PRNECnsmr ]
Finance [http://www.twitter.com/PRNEFinance ]
Manufacturing [http://www.twitter.com/PRNEMfg ]
Sports [http://www.twitter.com/PRNESports ]
Business [http://www.twitter.com/PRNEBiz ]
Energy [http://www.twitter.com/PRNEEnergy ]
Health [http://www.twitter.com/PRNEHealth ]
Multi-cultural [http://www.twitter.com/PRNEMltcult ]
Technology [http://www.twitter.com/PRNETech ]
Business technology [http://www.twitter.com/PRNEBiztech ]
Environment [http://www.twitter.com/PRNEEnv ]
Media [http://www.twitter.com/PRNEMedia ]
Public policy [http://www.twitter.com/PRNEPolicy ]
Transport [http://www.twitter.com/PRNETrnsp ]
About PR Newswire
PR Newswire is the premier global provider of multimedia platforms that enable
marketers, corporate communicators, sustainability officers, public affairs and investor
relations officers to leverage content to engage with all their key audiences. Having
pioneered the commercial news distribution industry 58 years ago, PR Newswire today
provides end-to-end solutions to produce, optimize and target content - from rich media to
online video to multimedia - and then distribute content and measure results across
traditional, digital, mobile and social channels. Combining the world's largest
multi-channel, multi-cultural content distribution and optimization network with
comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to
engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients
from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and
is a UBM plc company.
PR Newswire