Tech

Bitstamp and CACEIS starts bitcoin investments
Bitcoin Tech

Bitstamp and CACEIS starts bitcoin investments

Bitstamp and CACEIS have both partnered to provide secure route for corporate bitcoin investments. In an email statement, Bitstamp said the partnership will open up new investment possibilities for the fund management community. Put simply, it enables fund promoters to accept bitcoin investments from retail and corporate clients into their […]

Florence Seriki, founder Omatek Ventures reportedly dies
Tech

Florence Seriki, founder Omatek Ventures reportedly dies

Unconfirmed reports have it that Engr. Mrs. Florence Seriki, MFR,  Chief Executive Officer and Group Managing Director of Omatek ventures Plc is dead. According to the information available to Pageone,  Mrs. Seriki died at the Lagos University Teaching Hospital (LUTH)on Friday 3rd of March 2016. Mrs Seriki is a notable […]

Kinnevik sells Stake in Metro Sweden for SEK50 million
Tech

Kinnevik sells Stake in Metro Sweden for SEK50 million

Kinnevik AB, one of the largest investors in Konga and Rocket Internet companies has exited Metro Sweden. In an email statement, Kinnevik said divested Metro Sweden to AB Custos for a total consideration of SEK 50 million. Commenting on the sale, Kinnevik’s acting CEO Joakim Andersson said: “The sale of Metro Sweden […]

Orange Digital Ventures stakes EUR11 million in FAMOCO
Tech

Orange Digital Ventures stakes EUR11 million in FAMOCO

Orange Digital Ventures said it has invested 11 million in the FAMOCO company alongside d’Idinvest, Hi Inov, SNCF Digital Ventures, BNP Paribas Développement, BPI-Ambition Numérique and business angels. The company said it participated in the funding round making it the third round after two other rounds in 2013 and 2015 […]

This ExxonMobil’s supercomputer uses 716,800 processors
Tech

This ExxonMobil’s supercomputer uses 716,800 processors

ExxonMobil Corporation now has a supercomputer that uses 716,800 processors to analyse complex oil and gas reservoir simulation models to improve exploration and production results. The company said the project was executed with the National Center for Supercomputing Applications (NCSA). The company said in a press statement that the breakthrough […]