Jolla CEO Marc Dillon: "Tune the system, instead of managing the people"

Jolla is a small band of daredevils in Helsinki who are trying to rock the mobile world (estimated at 800 million devices) with a brand new operating system and - ultimate hubris - a homegrown smartphone. What are they thinking? The smartphone business is dominated by multibillion dollar brands like Apple, Samsung and a slew of other players who are “small” players - you know, obscure companies like Sony, Noki...

Rocket Internet's African e-commerce Jumia raises $ 26 million

The Rocket Internet engine might be sputtering a bit in Europe, but it's apparently going very strong in the emerging markets. Rocket Internet's Amazon clone for the African markets Jumia just announced a $ 26 million round from Summit Partners. Jumia is active in Nigeria, Egypt and Morocco, the biggest internet markets in Africa. The company also wants to roll out to other countries in the region. Summit Partners...

Digital overtakes print at Axel Springer in record year

Axel Springer is one of the European publishers who is racing towards digital, instead of trying to ignore it - and it looks like their strategy is paying off. Today, Springer announced that it booked a record year in 2012, thanks to its growing digital business and its acquisitions abroad. Springers  earnings before interest, taxes, depreciation, and amortization (ebitda) came in at € 628 million. Total re...

06 Mar 11:29 AM 1 Read More...

Microsoft faces "hundreds of millions of dollars" fine from EU regulators

Today, Microsoft will be hit with a fine running into the hundreds of millions of dollars by the EU competition regulators. In 2009, Microsoft made a voluntary agreement with European competition authorities to allow users the choice between different browsers, instead of making Internet Explorer the default browser. Microsoft avoided a long and painful round of litigation by striking a deal, but didn't keep its p...

06 Mar 10:41 AM 1 Read More...

This IS your grandmama's phone: Bazile Telecom raises € 2,5 million

With all the moaning about the busy telecom landscape in Europe, you would think there's no more room for new players, but it turns out there is. Niche player Bazile Telecom just raised € 2,5 million from Citizen Capital and existing investors. It's the third round of financing for Bazile, after an initial investment by business angels and a 3,7 Series A round in 2010 with Alto Invest and Maxicap. Bazile was fou...

06 Mar 9:48 AM 0 Read More...