eBay Leads A New Round Of Funding In Snapdeal

eBay has announced that it was leading a new $133.77 million round of funding in Snapdeal, raising its stake in the company following an initial investment made in 2013.

Latif Nathani, Managing Director, eBay India, said: “We continue to invest in Snapdeal due to its complementary business model, good management team and “eBay’s partnership with Snapdeal will benefit Indian businesses of all sizes, consumers and local commerce.”

“We see eBay’s second round of investment in Snapdeal as an endorsement of our strategy and progress. All our current institutional investors including Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital have participated in this round as well which is a strong endorsement of our team” said Snapdeal Co-founder and CEO Kunal Bahl.

NSN Signs Network Upgrade Contract With Vodafone Under Project Spring
Nokia Solutions and Networks has been awarded a contract by Vodafone to modernize and expand its existing radio network. Under the five-year deal, NSN will supply its Single RAN advanced platform, operations support systems and related services. In conjunction with this agreement, Vodafone has also selected NSN to provide a common Subscriber Data Management (SDM) solution.

NSN will implement its Single RAN advanced platform based on its award-winning Flexi Multiradio 10 Base Station. In addition, the company will upgrade its NetAct network management system to enable an effective monitoring, management and optimization of Vodafone’s network. Support services include network implementation, planning and optimization as well as care services to ensure rapid completion of the network modernization.

Under a separate agreement, NSN will also provide Vodafone with its SDM solution to enable rapid, cost-effective development of future applications and services.

ACREX India 2014: Building A Carbon Neutral World
South Asia’s largest exhibition on Air Conditioning, Ventilation, Refrigeration & Building Services: ACREX India 2014 has taken a step towards Carbon Neutral exhibition.

It is implementing the three R’s Reduce, Reuse and Recycle, reducing the use of paper, travel, recycling and reusing the waste. The endeavor of the organisers can be visualised by the fact that they will be planting over 10,000 trees across India to reduce the carbon emission being created by the show.

It has opened to the public on 27 February to 1 March. The show is being organised by the Indian Society for Heating, Refrigeration and Air Conditioning Engineers (ISHRAE) and managed by NürnbergMesse India. ISHRAE with a futuristic vision of organizing an energy efficient exhibition, is taking ACREX India 2014 towards being a Carbon Neutral exhibition. The expo has always had its focus on energy-efficient technologies and this year ISHRAE has given further impetus to promote and showcase technologies and products which will not only be energy efficient but will also use clean energy sources like PV, Tidal and Wind energy.

Ashish Rakheja, Chairman, ACREX India 2014, said, “It is a moment of great pride that today in its 14th edition, ACREX India has emerged as South Asia’s Largest International Exhibition on Heating, Ventilation, Air Conditioning, Refrigeration and Building Services. ACREX India 2014 at New Delhi will touch yet another milestone by being bigger, better and aiming to become Carbon Neutral. We are also encouraging Indian Industries & also exhibition organizers to implement the principle of three R’s i.e Reduce, Recycle & Reuse to benefit the environment and also cost effective.”

Jasper, Telit Join Forces To Provide Device Control To m2mAIR Users
Jasper Wireless and Telit Wireless Solutions has announced their partnership to deliver m2mAIR module management services directly through the Jasper Platform to applications using m2mAIR-ready Telit modules and operating on the Telit m2mAIR network.

Module Management is the M2M industry’s first industrial scale Mobile Device Management (MDM) service based on the communication module. Module Management allows customers to gain remote access to a set of diagnostics and troubleshooting capabilities generally unavailable today to most M2M adopters. Its resources include easy-to-use services to manage module inventory, perform mobile network diagnostics, manage quality of experience, test IP and hardware, and perform module reset.

Cindy Patterson, Chief Revenue Officer, Jasper, said: “By integrating m2mAIR Module Management into our platform, we’re able to offer m2mAIR users an even richer set of tools to manage and control their M2M application."

Turbomeca Signs MoU With Ramco Systems
Ramco Systems, the global aviation software provider on cloud, mobile and tablets, has announced signing of a Memorandum of Understanding (MoU) with Turbomeca to develop compatibility solutions between Turbomeca’s BOOST and Ramco’s M & E / MRO solution. The partnership aims at developing interface to integrate both the solutions to help customers, Engine Service Centres and Heli-operators benefit from seamless data transfer.

Virender Aggarwal, CEO, Ramco Systems, said “We have been strengthening our footprint to address the aviation software needs of heli-operators. Last year, we entered into a strategic partnership with Airbus Helicopters to offer a cloud based solution to reach small and mid-sized operators. Our engagement with Turbomeca on the other hand, will strengthen our position to address the Engine MRO Services segment. Ramco and Turbomeca can provide a proven, end-to-end MRO Solution with prebuilt Engine OEM data to customers. This helps customers maintain accurate, quality data in the system and reduce time cycle for system implementation.”

Netmagic Launches Software Defined Storage Service
Netmagic, an NTT Communications company and India’s only Datacenter Infrastructure Lifecycle Management (DILM) service provider, has announced the launch of Netmagic Tiered Secure Storage (NTSS), India’s first Storage-as-a-Service that provides metered IOPS for customers' mission-critical  applications. NTSS is a customized multi-platform software-defined storage offering available to public cloud customers as well as customers with single-tenant environments such as dedicated servers or private clouds. Software-defined storage allows offloading the computationally heavy aspects of storage-management-related functions enabling higher amount of CPU power availability within the cloud.

The per GB per month cost starts from Rs 8 varies according to the IOPS slabs and volume of storage customers choose.

NTSS offers QoS by guaranteeing Input/Output Operations Per Second (IOPS) at the application level with total tenant isolation. IOPS is a common performance measurement used to benchmark storage and application performance and is an important factor when it comes to running critical applications.

Customers have the flexibility to choose from as many as 12 IOPS slabs starting from 50 IOPS up to 6000 IOPS and storage capacities starting from as little as 100 GB. Customers also have the choice to deploy the service across platforms – be it SimpliCloud (Netmagic’s public cloud service) or customers’ own private cloud.