Moving Large Packages of Data: Pando Raised $8.12 Million

Pando Networks, provider of peer-assisted content delivery services, has raised a $8.12 million second round of financing, from undisclosed backers (as reported by PE Hub). The investment falls short of Pando’s initial plan to raise $21 million (see Globes’ article). A prior round of approximately $11 million was raised in 2006 by Intel Capital, BRM Capital and Wheatley Partners. Pando offers …

eBay’s Paypal acquires Israel’s Fraud Sciences for $169 million, 12 times the return for investors

In an effort to fight fraudulent transactions and boost trust in online purchases, Paypal, the online payment service of eBay (NSDQ: EBAY), bought Israel/California based Fraud Sciences for a whooping $169 million in cash.  Fraud Sciences is has developed online risk management tools over the course of five years, creating propitiatory technology that identifies fraudulent …

Exit mobile version