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  • South African venture capital exit to US technology giant

    Graceful exits are often unreported, but one South African venture capital company has done it smoothly with seemingly positive effects for the local emerging markets environment in which it operates. PoweredbyVC, which manages the South African venture capital portfolio of HBD, has concluded the exit of its CSense Systems (Pty) Ltd to US based GE Intelligent Platforms. CSense has been behind rapid process troubleshooting and process improvement software solutions that aim to enhance the performance of industrial processes by indentifying problems before they occur. The latest deal sees GE Intelligent Platforms having now acquired the technology assets of CSense,...

  • Company Office

    Callpay become first Level 1 Service Provider in Africa to achieve PCI DSS v3.2 compliance

    Callpay, a leading payment solutions provider, today announced that it has become the first Service Provider in Africa to achieve PCI DSS v3.2 compliance. The company recently underwent another rigorous audit by an independent Quality Security Assessor (QSA) to ensure that it meets the best practices and security controls needed to keep card data safe and secure from capture and transmit to processing. Callpay provides a unique range of innovative payment technologies, from its patent pending cloud call centre solutions, Bank Transfer Switch including its mPOS and mPAY Applications. Being a Level 1 PCI DSS compliant Service Provider ensure Callpay’s...

  • Innovation journalism — Media coverage is important to startups

    Media coverage is very important for startups. It is how they gain respect in their community, it is how they can win investors, and it is invaluable in helping to recruit staff. Positive media coverage will also help gain users of their products and services, providing valuable marketing services that could cost tens of thousands of dollars. But the only reason media coverage of a startup and their product is valuable is that the media coverage is seen as a neutral third party -- it has no financial bias in its reporting. The only acceptable bias is a thirst for a great...

  • Young Silicon Valley entrepreneurs and their unethical ways

    The film "The Social Network" has helped to make startups popular among young people the world over. It's just one factor inspiring new generations of entrepreneurs hoping to succeed through innovation and hard work. But are they learning ethical ways of doing business? The more we find out about Mark Zuckerberg and his behaviour during the early days of Facebook, the more he reveals a cavalier attitude to ethics. And other founders of successful startups also have shown questionable ethics. Take Mark Pincus, the CEO of Zynga, the social gaming company behind Farmville. His behaviour was documented by Mike Arrington in Techcrunch: Scamville:...

  • Kickstart your startup with Google and Silicon Cape

    How often have you had a great idea that you were convinced could become a major hit, if only you had a team to help you realise it? Or perhaps you're a great developer waiting for just the right project to work on that will maximise your talents? If either of these scenarios sound familiar to you, then you need to make sure you're at the Ideas & Builders event, hosted by Silicon Cape and the Google Umbono team. The Ideas and Builders Event takes place on Wednesday 20th April, 2011, and runs from 6:30PM to 9:30 PM. Umbono is...

  • Mobile social network Motribe celebrates ‘one million user’ milestone

    Memeburn has it on good authority that Motribe, the relatively-new mobile social networking platform that empowers users across the world with tools to build and manage their own mobile social network, claims to have now hit the "one million user mark". The venture capital-backed startup focuses its attention primarily on emerging markets in Asia and to some extent Africa, and markets itself heavily on mobile advertising networks like Google Adsense for mobile and Admob -- where much of the service's traffic is thought to emanate. Motribe is backed by early-stage venture capital company 4DiCapital, which forms part of international...

  • FSMS.co.za: Q&A with the new mobile messaging startup

    There's no such thing as a free lunch right? There's got to be a catch somewhere within a so-called free service? Think of Facebook, Google, and Twitter. These are all based on “freeconomics”. They are free tools. These services are subsidised by advertising and that model has, obviously, proved extremely successful. Why not apply the same model to mobile messaging? Launched last year, FSMS.co.za is doing just that. Memeburn had a chat with FSMS CEO Daniel Schwartzkopff to find out more about the start-up and their future plans. How did you come up with the idea for FSMS? Daniel: After looking...

  • There are only nine Googles left in the world

    There's an interesting analysis of the advertising industry and Silicon Valley's growing bubble in new media by Rick Webb. In his analysis, Webb argues that Silicon Valley is heading for a cliff in funding too many startups to provide new media channels for advertisers. He writes that there seems to be a perception that there will be far more money in online advertising than there really is. "Brands don't actually want or need any more media channels. As far as they're concerned, the internet can stop now. We have enough channels. We were happy when we had like seven (TV, print, outdoor,...

  • Reppler protects your online reputation

    On Tuesday a new service called Reppler launched to help people protect their reputations n Facebook. The service comes to aid those who concerned that their profiles are now resources checked by employers, college recruiters and even potential mates. Reppler warns Facebook users about pictures or written posts that might hurt their images, highlights public information best kept private and rates how members of the leading social network look online. "People are concerned about overall perception from the outside world," said Vlad Gorelik, who worked at cyber security firm AVG Technologies before starting Reppler in the Silicon Valley city of Palo...

  • DealPulp offers daily bargains to online shoppers

    Dealpulp.com, a startup that offers you the freshest deals, is wooing American online shoppers who are all eager for a good bargain. Based on the premise that online shoppers have been somewhat neglected in a smartphone and coupon infused internet age, DealPulp plans on making that topic the focus of a first-ever Daily Deal Summit kicking off in New York City on Wednesday. As startups rush to offer smartphone users coupons for discounts at nearby shops, DealPulp offers members daily bargains available nationwide and redeemable only online. The San Jose, California-based service recently began letting people share deals with friends or...

  • Could Bitcoin be the global online currency?

    With the rapid growth of eCommerce over the last decade, online payment has become a hugely influential area. This niche has made fortunes for credit card companies, and services like Paypal, providing the ability for real currency to be used online with relative ease. With the estimated total value of eCommerce approaching a trillion US$, there is another solution that may be even more useful. Perhaps it is time for a global online currency? Bitcoin is such a currency, created in 2009 by Satoshi Nakamoto. It is an anonymous, open source and peer to peer fiat currency. There is no central...