Kreditech, the consumer finance technology group, announced yesterday the 100% acquisition of Polish financial tech outfit Kontomierz for a seven digit amount and Kreditech shares. Founded in 2009, Kontomierz has net revenues of €1 million at positive EBIT, and three-digit annual growth. This is especially impressive considering Kontomierz’s staff is only 16-strong;

Tesco, the Britain based multinational retailer is pulling the plug on its data science, content and service provision endeavour in order to compensate for a dismal Christmas performance with a 0.3% dip in sales and a largely unproductive year. We reported last year that Tesco was a pioneer of data

To say that the big data market is thriving would be an understatement. The IDC predicted that the big data sector would be worth $16.1 billion by the close of the year, growing six times faster than the wider IT market. When you consider one single company, Micros, was bought

The Internet news media outfit, BuzzFeed, has acquired New York-based startup, Torando Labs for an undisclosed amount, early this week, in-line with BuzzFeed’s strategy to invest in technology and its plans to acquire and fuel new companies and technologies. “To build a modern media company, data and technology have to

VMware, a cloud and virtualization software provider, has announced the acquisition of assets of database clustering and replication outfit, Continuent where the latter’s team will join VMware’s Hybrid Cloud Business Unit. Ajay Patel, Vice President of Application-as-a-Service at VMware explains that combine wants, “to enhance Continuent’s technology, integrating it within

Facebook has finally received the nod from the European Commission that has been assessing the $19 billion acquisition of messaging service WhatsApp. Google has found itself in hot water with the European authorities of late, but Facebook have avoided such struggles for now. The EU Commission has found that Facebook’s

Enterprise Hadoop experts Cloudera have acquired business intelligence and data visualization innovator DataPad. It has been speculated that the acquisition is a bid to obtain Datapad’s workforce which specializes in data analysis on Python, rather than just its technology. “We are thrilled to have the DataPad team join Cloudera and

Digital asset management innovator Front Porch Digital have inked a deal to be acquired by Oracle. The purchase will allow both the companies to help clients efficiently manage the growing complexities involved in migration, integration, storage, and delivery of rich media content, reports a press release announcing the acquisition. John

In a move to bolster its cloud service prowess, HP acquired open source cloud software startup Eucalyptus Systems last week. Essentially, HP hired Eucalyptus’ entire workforce (which is less than 100 people), along with their CEO Marten Mickos as the Senior VP and head of HP’s cloud computing wing. Mickos

The analytics startups market was a hive of activity last week. As well as more established companies making exciting announcements, such as IBM’s new software-defined storage technology and SAS’ expansion of their Hadoop in-memory analytics range, it was a big week for the startups too. Monday saw Splice Machine’s Hadoop