Recession hits Internet2 where it hurts — in corporate membership list
For the first time since it began in 1997, the Internet2 project has posted a net loss of corporate members.
Archive for the ‘New Economy’ Category
Additional Investment Brings Click2learn Private Placement to $9.2 Million
Click2learn, Inc. (Nasdaq:CLKS) today announced the second and final closing of the private placement previously announced on November 21, 2001 bringing the total amount raised to $9.2 million. The additional $2.35 million investment was closed with the original investors on the same terms as described in the original announcement. The $2.35 million additional investment was […]
Element K Raises $16M in Additional Funding; Latest Round of Funding Brings Total Amount of Equity Raised to More Than $200 Million
Element K recently announced the completion of a $16 million financing led by primary investor Wasserstein & Co., LP. This infusion of capital will enable Element K to advance its leadership position in the e-learning market through ongoing development of innovative products, including additional enhancements to its state-of-the-art e-learning platform, KnowledgeHub, which provides powerful learning […]
MIT’s Media Lab Will Lay Off About 30 Staff Members in ‘Belt-Tightening’
The Massachusetts Institute of Technology’s Media Laboratory — known for its unusual approach to conducting and paying for cutting-edge research — plans to lay off about 30 staff members this week because it has been taking on new expenses faster than it can win money to support them, officials said Tuesday.
Study: Internet Likely to Power U.S. Economy Over Next Decade
The report concedes that it is too early to draw definitive conclusions about the eventual impact of the Internet on productivity.
Professors: ‘Technoism’ distorts management, workplace productivity
Two Purdue University professors think an unquestioning reliance on the latest electronic technology by businesses and organizations is taking management’s eye off the ball and distorting much-touted worker productivity statistics.
Click2learn Announces Private Placement
Click2learn, Inc. (Nasdaq:CLKS) today announced the completion of a private placement of $6.85 million. The investment was made at a price of $2.50 per share, resulting in the issuance of 2,740,000 shares of Click2learn common stock, and also includes warrants to purchase additional shares on certain terms and conditions. Proceeds from this private offering will […]
Tengtu International Signs $140 US Million Deal With PRC
Largest Contract in Company History to Link 40,000 Schools in Regional E-Education Network Throughout Shandong Province
Multinationals to Seek Opportunities in China’s Education Market
Education can’t yet be called as “industry” in China. Many domestic enterprises are still in an “attempting stage”, while foreign capitals are hesitant to enter this market.
VBrick Systems Fuels Growth with $22 Million Capital Infusion from Morgan Stanley Venture Partners and Menlo Ventures
VBrick Systems, the leader in low-cost DVD-quality video networking appliances and systems, today announced that it received $22 million in new venture capital in its third institutional investment round of funding. This round is led by Morgan Stanley Venture Partners and also includes funding from Menlo Ventures and participation from prior investors.
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