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The Verdict Is In: Google Did NOT Infringe On Oracle’s Patents

user — Wed, 23 May 2012 23:15:11 +0000

Just over a week ago, the jury began deliberations on the ongoing patent infringement case between Google and Oracle. After waiting in the wings, with bated breath, the verdict is finally in, as Judge William Alsup of the U.S. District Court of Northern California dismissed the jury this afternoon after a unanimous decision that ruled in favor of Google’s mobile OS — declaring that Android did not in fact infringe on the Oracle patents in question. The decision follows an opposing verdict earlier this month , in which the jury in the long-running infringement case found that certain components of Android APIs had too close of a resemblance to code used in Oracle’s Java programming tools. However, the jury ended up splitting on the notion of whether or not Google could in fact claim fair use in its defense (which could have then led to a mistrial.) The jury’s decision was obviously a laborious one, following two years of a legal back-and-forth between the two tech giants. Oracle had initially filed the lawsuit back in August 2010, in which the company asserted that Android infringed on Java patents that Oracle acquired as a result of its purchase of Sun Microsystems. Google responded by saying that, at the time of development, it was not aware of Sun’s patents and that Android was in fact free to use. Of course, that decision was only the first act in the three-part deliberations, in which the copyright infringement issues were to be followed by consideration of Oracle’s patent infringement claims (the focus of today’s hearing) and, finally, the damages Google might be liable for were it found guilty. However, much of that speculation was rendered moot today, as a week of deliberation came to a close today at the U.S. District Court of Northern California, with the jury unanimously declaring that Google did not in fact infringe on the six claims set forth by Oracle in regard to U.S. Patent RE 38,104 as well as the two claims regarding U.S. Patent 6,061,520. Of course, this does not mean that the whole case has been decided; instead, the decision marks the end of the trial’s second phase, which, again, focused solely on Oracle’s claims of patent infringement. While the jury had previously found that Google was in violation of Oracle’s copyrights, as stated above, it could not come to a unanimous decision on the issue of fair use. Meaning that, although Oracle ostensibly “won” its copyright case, it effectively has a hold on its ability to collect on any of the $1 billion in copyright damages it is seeking from Google — a conclusion that was supported by the tweets of legal reporter Ginny LaRoe, who attended today’s hearing. And #Googacle The Trial is over. Judge Alsup dismissing jury. Since Oracle won virtually nothing, no damages phase at this point. — Ginny LaRoe (@GinnyLaRoe) May 23, 2012 On top of that, there are a number of other legal questions surrounding the copyright case on which Judge Aslup has yet to issue a final ruling, although he is expected to come to a decision next week. Updating

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The Verdict Is In: Google Did NOT Infringe On Oracle’s Patents

9M Users Strong, MapMyFitness Brings Check-Ins, Advanced Google Maps Integration To Fitness Tracking

user — Wed, 23 May 2012 13:47:27 +0000

MapMyFitness is a veteran of the online health and fitness space, with the first iteration of its website appearing back in the summer of 2005. Since then, the startup has developed a suite of fitness-oriented websites (like MapMyRUN.com, MapMyRIDE.com, MapMyWALK.com, et al) to let users track and store their running, cycling, walking and hiking endeavors, along with accessing a database of international routes, fitness calculators, nutrition tracking, events listings and more. MapMyFitness has long had a stable community of committed users, but over the last year, things have been moving steadily north. CEO Richard Jalichandra (who joined the startup from Technorati last year) tells us that MapMyFitness recently passed 9 million registered users, and that, collectively, its mobile apps have amassed over 30 million downloads, making it one of the biggest players in the fitness tracking space. The good news for MapMyFitness, however, has been the recent telescoping growth in registrations (not downloads), with the latest 1 million registrations occurring over the last 40 days. That’s an increase from the 54 days it took for the site to go from 6 million to 7 million users, and the 47 days it took to pass 8 million users. All in all, that’s 3 million new users in the last 5 months, and the CEO says the company is today seeing 25K new registrations a day, significant when viewed against its nearly 7-year history. It’s based on this recent uptick in activity that MapMyFitness is today launching one of the biggest feature updates the platform has seen since rebranding in 2007. The startup has completely rebuilt its portfolio of websites, and is now beta testing three big new features: Updated routes, personal challenges, and courses, with the main attraction, Jalichandra says, being the latter. The CEO claims that the introduction of its new feature makes MapMyFitness the only online fitness service to have integrated Google Maps API v3.9 (the latest version of its API) and leverage its full functionality. What does that mean? While MapMyFitness users could already plan, track, and share their routes, Jalichandra says that Courses adds a notable difference in performance and user experience, enabling users to go beyond the actual route. By incorporating realtime info on traffic, weather, safe routes, directions, realtime elevation, and custom markers, now users can go beyond the route, planning the best Segway route home from work, for example.. Really, the feature is intended to bring MapMyFitness into the gamification/Foursquare era, as it provides both hardcore and casual athletes with both leaderboards and check-ins. Courses offers an automatic “check-in activity” for every exercise logged to track the speed, distance, consistency, and intensity of workouts, ranking users by gender, age, and weigh on the platform’s new leaderboard. There’s also a group segmenting feature that allows users to compare themselves, leaderboard-style, against specific groups, be they local clubs, friends, or fierce cycling rivals, backed by a points system that incorporates personal best times and monthly consistency, awarding badges to the users with the most overall points on climbing courses, those with the most completions of a course, the fastest time, etc., etc. Courses will span MapMyFitness’ five primary categories, including cycling, running, walking, hiking and winter sports, as well as hundreds of subcategory specialties (like unicycling) and enables users to create new Courses directly from their iPhones, BlackBerrys, Androids, Windows Mobile phones and iPads. It also helps that Courses leverages the startup’s database of more than 50 million routes, 1 million climbs, and 30K event courses through realtime processing, allowing users to measure fitness and track progress in realtime or over time. With RunKeeper on a laudable mission to build “the health graph,” alongside an API that’s already attracted 50+ integrations , big funding , and a platform that’s quickly becoming one of the top destinations for tracking and sharing fitness routines, incumbents are feeling a little bit of pressure. But, as its name implies, MapMyFitness does maps better than most, especially now that it is powering its new features with Google’s latest mapping technology. According to the startup’s CEO, other than Strava , MapMyFitness is the only platform that offers realtime GPS activity leaderboards, and he thinks that components of the service, like route mapping, the ability to send a route to your phone to route with directions, along with the ability to choose from over 40 sports give its service a leg up on the competition. MapMyFitness also capitalizes on three revenue streams: Media, digital commerce and subscriptions, and enterprise software, with this diversity resulting in the startup’s revenue doubling each of the last four years, the CEO says, and is projected to triple in 2012. This has allowed the startup to avoid raising outside investment beyond its series A in 2010 and to grow, under its own volition, to a team of 78, giving it an advantage over its competition in terms of good old human capital. With its a deep database of courses, routes and trails, some added stickiness thanks to leaderboards and check-ins, and some big data collection and storage capabilities on the back-end using postGIS, it wouldn’t be surprising to see MapMyFitness continue in its accelerating growth trajectory. And maybe even find a little funding waiting in the wings. Also, don’t be surprised if MapMyFitness ends up being featured by Google at some point. My guess would be here . Courses will be available initially through a private beta test for first 100,000 users who sign up here . iPhone and Android MMF users will only see superficial changes reflected in its new site — now available to one and all — at new.mapmyfitness.com . Widespread access to Courses et al will be offered later this summer. What do you think?

The Final Six Disrupt NYC Startups: Ark, Babelverse, gTar, Open Garden, Sunglass, Uberconference

vertical8 — Wed, 23 May 2012 10:10:13 +0000

It has been a wild week so far at this year’s TechCrunch Disrupt in New York City . Rainstorms and traffic jams couldn’t stop nearly 2,000 people from making it to our big weekend hackathon, and our last two days of interviews, panels and startup presentations over at Pier 94 in Hell’s Kitchen. Tomorrow is going to be the grand finale. Following an announcement from the White House’s top tech officers, interviews with Brooklyn hardware makers, the appearance of an entrepreneurial movie star, and much more, we’re going to be hearing from the top final six companies from our Startup Battlefield. The winner will be selected tomorrow afternoon by our panel of all-star tech judges : top New York entrepreneur Chris Dixon , Google executive Marissa Mayer , leading New York investor Fred Wilson , Kleiner Perkins partner Chi-Hua Chien , Sequoia Capital partner Roelof Botha , plus TechCrunch founder and CrunchFund investor Michael Arrington . Here are the six finalists appearing on stage tomorrow, in alphabetical order: Ark, the people search engine that was so popular with users on Monday that the carefully-prepared company got taken offline. Babelverse, the human-powered translation service that won its way out of one hundred companies in Startup Alley. Gtar, the iPhone-guitar hardware startup that has blown past its goal on Kickstarter after launching on stage. Open Garden, the mobile app that lets you tether Internet connections across multiple devices. Sunglass.io, which is bringing 3D modeling to the browser for designers everywhere. Uberconference, the cross-platform service that makes conference calling easy for everyone. See you all tomorrow!

Hmmm Is A Split-Personality Social Network For Sharing Different Yous To Different Facebook Friends

Administrator — Wed, 23 May 2012 02:43:06 +0000

You’re crazy with your friends, serious with your co-workers, and sweet with your parents. Now you can share those distinct personalities with their matching audiences thanks to Hmmm , a mobile app launching today that aims to let you be yourself online, whoever that is. Facebook friend lists and Google Circles have proven too clumsy for selective sharing. They’ve led to the rise of Path, which eliminates the decision making by creating a social micronetwork of your closest friends, but all your favorite people aren’t there, and not every post is appropriate for everyone you love. Hmmm lets you create separate avatars for each of your identities, and publish to pre-made sets of Hmmm and Facebook friends. Plus, Hmmm will soon be able to notify a friend that says they’re bored when you post that you want to see a movie. Sol Studios just launched Hmmm at TechCrunch Disrupt New York, with an iOS app available now and an Android version coming in two weeks. Hmmm’s co-founder Archana Patchirajan tells me “I’m a daughter, I’m a student, I’m a co-founder. We all have nicknames and social groups. It’s unrealistic to have one profile. We wanted to give users a flexible platform to express themselves the way the do in real life.” Hmmm doesn’t just structure who you share to, but what you share as well. There’s categories like activities, emotions, places, music, and photos, but also tags like “happy” or “inspired” for emotions, or “working” or “celebrating” for activities. The next version of Hmmm will include its “inference engine” that can match people with complementary posts. Like two people who are shopping nearby each other, or someone doing something exciting with someone bored. You can also use Hmmm as a layer on top of Facebook. The app creates feeds of posts by Facebook and Hmmm friends of your avatars. You can like and comment from within Hmmm and that feedback will appear back on Facebook. The bootstrapped Sol Studios plans to monetize Hmmm with Sponsored Stories-style social ads, where small businesses, record companies, and consumer packaged goods companies pay to increase the presence of posts that mention them. It originally considered sponsored gamification, but I persuaded the team that would clutter the app and make it confusing, so they stripped it out. In the Disrupt Battlefield Q&A, Patchirajan explained that Hmmm won’t limit the number of connections you can have, the way Path caps you at 150. She said Hmmm would succeed because competitors’ approaches to micro-sharing are “very unnatural. Finally, she explained the confusing name of her product as…the sound you make when you’re confused who to say something with. Hmmm’s biggest challenge will be convincing users to endure the friction of choosing an audience, content type, and sub-tags just to publish something to friends. Path’s near decision-less publishing is a pleasure and I fear Hmmm could be a pain. But those who want to share their split-personality but are serious about privacy should give Hmmm some thought.

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Hmmm Is A Split-Personality Social Network For Sharing Different Yous To Different Facebook Friends

Sprint’s EVO 4G LTE Has Cleared U.S. Customs, Pre-Orders To Be Filled As Early As May 24

blogger — Tue, 22 May 2012 03:19:05 +0000

Sprint’s launch plans for the HTC EVO 4G LTE were ruined last week when shipments of their shiny new Android handset were held up by United States Customs, but we’re hearing that they may been hitting doorsteps and store shelves sooner than expected. According to Sprint , the devices are now currently sitting safely in Sprint’s warehouses and are expected to start trickling out into the world “on or around May 24.” And rest easy, you faithful pre-orderers — the world from on high is that you’ll still be getting your devices first. In case you’re new to this little shipping snafu, shipments of Sprint’s new EVO (along with those of their AT&T-based cousin, the One X) were prevented form entering the country thanks to an exclusion order handed down by the International Trade Commission. The entire convoluted story started last year, but here’s the tl;dr: Back in July, HTC was found by ITC judge Carl Charneski to have infringed on one of Apple’s patents — specifically, it involved recognizing a particular structure within a set of data and binding it to a particular action. Sounds pretty dry, I know, but if your phone lets you directly a call a phone number by touching it in an email, you’ve seen the patent in action. At the time, HTC stated that they were working on fixing the offending UI flourish, and part of the holdup for customers was apparently because the phones were being spot-checked for compliance. With Sprint’s EVO shipments said to be on the move once more, now the question becomes whether or not shipments of AT&T’s One X are as well. I’ve reached out to AT&T for confirmation one way or the other, and I’ll be updating the post as I hear more.

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Sprint’s EVO 4G LTE Has Cleared U.S. Customs, Pre-Orders To Be Filled As Early As May 24

KurbKarma: A Social Network, And App, To Find Parking Where And When You Need It

A D M I N — Tue, 22 May 2012 01:46:08 +0000

We have all been there: you are in your car, you need to park, and you cannot, no matter how much you try, find a space. You see cars pulling away, but it’s too far for you to get there before another car swoops in. You see people walking and you trail them, hoping they’re heading to a vehicle. It’s a frustrating state of affairs, but a new startup, KurbKarma , is launching today at TC Disrupt New York to try to solve it. “Parking where and when you need it” is the basic idea here: you have people who have spaces they are about to leave; and you have people who need spaces. The app works like an ad-hoc social network to link these people up. Those who have a space can post their status on an app, those who need a space find one on the map. The app integrates with Google Maps to plot spaces near you, and lets you send messages — several sendable with the touch of a button — to let the space owners know how far away you are. Spaces are “sold” with KarmaKredits: people who donate their spot pick up one KarmaKredit. People who need a space use two KarmaKredits to buy them. Like many of the best ideas out there, KurbKarma came out of the immediate needs of its founders. Neha Sampat and Matthew Baier are friends with longstanding backgrounds in tech, who are both also qualified as sommeliers, and they had a plan to get together to scheme for their next enological activity. Arranging to meet in the North Beach district of San Francsico, they drove around, looking for a place to park — which can be an impossible task in that part of town. By the time finally found a place to park, they knew what they had to do next: try to solve this problem for themselves and others. What’s interesting about the app is that it has both a practical and a moral twist to it. “There’s an element of paying it forward,” says Baier. “It’s a community effort to make parking easier; you are adding additional parking spaces to the public domain.” He also points out that the app helps aid the “peace of mind” of the driver, allowing them to focus on driving rather than looking off the road for a spot. But it’s not all about charity and goodwill: KurbKarma has also started to work a revenue model into the business, in the form of a virtual currency. You can always use the app free of charge, but if you have not had the chance to pick up KarmaKredits by offering spaces to the network, you can buy some through the App Store, with each credit costing $0.99. The app is free in the app store, and every new user gets 10 free KarmaKredits for signing up. The pair have been picking up a mailing list of users for launch with a bit of viral marketing that has clearly struck a chord in the traffic-choked streets of San Francisco: they went around a few areas of town — including the financial district and Dolores Park — and put what looked like parking tickets under the wipers of various cars. Then they stepped back to watch: people would pick them up, thinking “Oh no, not another parking ticket,” said co-founder Matthew Baier. Inside: a note about how annoying parking can be with a link to a fun domain offering a solution for how to improve it. (example: parkingisabitch.com ) They’ve collected 2,500 names this way so far. In the future, there are some exciting developments planned for KurbKarma. They include an Android version to complement the iOS app coming out today. And there are also discussions with other device makers (eg GPS system producers) to integrate with some of the other tools that drivers already use to get around. (The reason that the pair went with iOS first, says Sampat, is because they are launching in New York and San Francisco — both cities where people use their smartphones for navigation; in the future, when the company expands to other markets, especially in regions like Europe with GPR in-car navigations systems are very popular, other hardware will need to come into play.) Baier also says that KurbKarma is working on expanding the kinds of spaces that they will integrate into the app: right now it’s geared at public parking, but down the line there will also be options to take private parking, in the form of garages, driveways and other off-street spaces. And, crucially for the business’ scale, it is talking with some large third parties that already focus on car-based city travel to help market the offering. I have to admit when I first heard the idea for KurbKarma, I had my doubts: it puts too much weight on the goodwill of other people, and being able to plan and stick to commitments with total strangers — and there are so many variables: traffic that can delay you; people needing to rush away and leave the space before they said they would; and people changing their mind and staying longer than originally intended. There are some elements already worked into the app that should help discourage flaky behavior, such as user ratings after a transaction is completed (or not, as the case may be): “It will happen from time to time that people leave,” notes Sampat. “But if they do that they will see negative ratings. The ratings will weed out those who do not follow the rules.” And sometimes it is the most unlikely — and original — of ideas that really take off. Just think of Airbnb and the idea of people who had never thought of themselves as ad-hoc hoteliers suddenly giving up rooms in their private homes: that, too, sounded like a big leap for people to take. And yet today I think it’s miles better than most of the hotel options many cities offer. “Sharing models are becoming more mainstream,” says Baier. “The idea is already out there.” I’d put a few KarmaKredits on KurbKarma striking a similar chord.

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KurbKarma: A Social Network, And App, To Find Parking Where And When You Need It

CallApp Uses Social Data To Build A Smarter Smartphone Contact Book

jos — Tue, 22 May 2012 01:23:35 +0000

One of my least favorite moments of the day comes when my iPhone rings and the number isn’t in my contact book. Is it an important call from an entrepreneur? A random PR person pitching me? Or just a telemarketer? I won’t know until I pick up. CallApp , a startup launching today at Disrupt, wants to eliminate those awkward moments, for starters. It’s creating what CEO and co-founder Oded Volovitz calls a “universal social contact book.” It’s drawing data from social networks and other data sources to give users more context about phone calls and other communication. The data also comes from CallApp users — users can edit CallApp listings, and if they choose, they can add their contact book into the company’s general database. So when you get a phone call, even if it’s from someone who isn’t in your contact list, you should be able to see information about them — say a photo, their most recent update on Facebook, and your most recent email exchange if you’ve corresponded with them. Of course, if your phone is already ringing, you’ve only got a few seconds before you need to pick up, but at least you can glance at your screen and go into the call with some basic context. CallApp should be even more useful when you’re about to make a call. Then, the social network updates can give you a way to start off the conversation, or tell you when someone has traveled out of the country, so maybe now isn’t the best time to reach them. You can also attach personal reminders to CallApp contacts, share your location with them, or set up a meeting. In some ways, the concept is pretty similar to an email plugin like Rapportive ( recently acquired by LinkedIn ) or Xobni. However, Volovitz says that bringing this information to the smartphone puts it in a different context. After all, when he gets a phone call, “I cannot wait until I can go to the Internet to see who is calling me. This is about giving you real-time, immediate, the most relevant information you can get, and the tools to execute on that information.” Volovitz also says CallApp, despite the name, isn’t just about phone calls — he estimates that he only uses it for phone calls 50 percent of the time. The app also lists and connects to other ways for reaching people, like WhatsApp Messenger and Viber. The core of the experience isn’t the phone call but the contact itself, Volovitz says. Nor is CallApp limited to personal contact listings. It includes businesses too, showing you things like Yelp reviews, Google Street View, or a menu for a restaurant where you’re thinking about making reservations. Moving forward, Volovitz says the company will be adding features that are more about encouraging “serendipity.” The app is available on Android phones (you can download it from Google Play here ). CallApp is developing a version for iPhones too, though Volovitz estimates that it will have 80 percent of the functionality of the Android version, due to “some technical issues.” Volovitz says the company isn’t monetizing the app (which is free) yet, but there are a number of possible business models, including affiliate fees. The company has raised $1 million in funding from undisclosed venture capital firms and angel investors. Disrupt Q&A Q : How does the iOS app differ? A: There are more limitations than in Android, like you have to use the built-in dialer rather than any dialer you want. Q : What are the viral hooks? A: If you use CallApp to share information with someone, they get an SMS message linking to the content and asking them to download the app. Q: Tell us about the technology. A: What we do is artificial intelligence, big data. The system knows how to link the right person to the right number, for example using location to narrow the search. Q: Why do other improved contact books fail, and why will you succeed? A: It’s all about the execution and the ambition. If you build an app on the client side, you only get a limited amount of information about contacts on your phone, versus CallApp’s crowdsourced, cloud-based approach.

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CallApp Uses Social Data To Build A Smarter Smartphone Contact Book

Comcast, Time Warner Cable, Cablevision, And Others Will Share Wi-Fi Hot Spots

kram412 — Tue, 22 May 2012 01:19:51 +0000

Imagine for a moment that you are sitting in your front yard in a lawn chair, sipping lemonade while attempting to read the latest news on your WiFi-only iPad. You’re just out of range of your WiFi signal. Your neighbor’s signal is super strong, but that selfish hooligan didn’t leave it wide open for you to leach onto. Relax. Depending on where you live and who your service provider is, you may be able to use your neighbor’s hotspot regardless of his futile attempts to lock it down someday soon. A consortium of cable companies (Comcast Corp., Time Warner Cable Inc., Cablevision Systems Corp., Bright House Networks LLC and Cox Communications Inc) have agreed to enable the sharing of WiFi hotspots at a grand scale, creating a large region of available signal, in select markets in the U.S. According to the Wall Street Journal, a single hotspot name and sign on scenario will be used to make it easier for consumers to log in and use available spectrum to surf. It will be a perk for paying broadband account holders in the consortium, but certain providers like Time Warner will let you pay as you go if you like. I assume there will be measures in place to prevent people from consuming all of the available bandwidth of someone else’s node, but they haven’t explicitly laid out how or when throttling will occur. [via WSJ ]

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Comcast, Time Warner Cable, Cablevision, And Others Will Share Wi-Fi Hot Spots

K3 Server Is Making Enterprise Application Integrations More Efficient, Reduces Work By Half

admin2 — Tue, 22 May 2012 01:09:30 +0000

How is data moved between systems? In the enterprise environment, point-to-point application interfaces are either handled with expensive and cumbersome utilities or, more likely, with custom code…and frankly, a lot of manual labor. BroadPeak Partners has a better idea. The company is today introducing its application known as K3 Server , a system that aims to disrupt the traditional enterprise interface market by making it easier for I.T. to build, and for end users to tweak, the way code is handled, transformed, reconciled, mapped and enriched as it moves in between systems. BroadPeak is a software consultancy formed in 2006, whose founders have backgrounds in energy trading and capital markets. The idea for K3 Server came to them last year, when they saw the difficulties in how trades were being brought off an exchange and managed for one of their clients. “It really wasn’t about retrieving trades from that exchange,” explains co-founder Vivek Pathak, “it was about moving data from one system to another system effectively, in a way that was transparent for the business users, and that had fail safe mechanisms to alert when things went wrong (as always does in big tech enterprises), and to give a way for a simple business user to manage the logic of that integration thereafter.” And so K3 was born. But the product isn’t just meant for moving data off an exchange – the technology BroadPeak designed can be used for anything. Containing 140 open source components which are initially put to work by in-house I.T., the system can be purposed for moving and managing data between just about anything, from data stores in price repositories to electronic health records. The system offers three main functions: transparency (allowing you to see what data goes through and what fails, so you can act upon that), mapping (field x in System A maps to field y in System B) and rules (if data meets this criteria, then take this action). For IT, K3 Server means they no longer have to re-invent the wheel every time they need to translate data between two systems or develop a failover routine, for example. The framework allows them to call up the component instead of coding these pieces from scratch every time they’re used. But while the main data highway, so to speak, is set up by IT, the interesting thing about K3 Server is how the data is handled afterwards. In a traditional environment every little tweak or adjustment would have users scrambling back to developers with a change request. But K3′s “Rules Manager” offers a GUI interface that lets end-users customize their own “if/then” statements for how the data needs to be enriched afterwards (add this reference, set this field, e.g.) Pathak says that in early beta testing, the GUI was simple enough for an end-user to handle, even though this was someone for whom using an Excel spreadsheet was considered a technical feat. Plus, the company claims that using the K3 Server system instead of traditional processes results in a 50% reduction in deployment, operation and maintenance of enterprise integrations. And who doesn’t love less work, right? Given BroadPeak’s wide client connections from their consultancy practice, they’re not worried about signing up their first users. However, others interested can sign up to beta test here . For those waiting for the public launch, it’s very close, we’re told, and the system will then be licensed on a per-server basis, renewed annually. BroadPeak bootstrapped their efforts, spending around $500,000 on K3 Server’s development, and is not looking to immediately raise funding. Disrupt Q&A Judges: Adrian Aoun, Fritz Lanman, Dave Samuel & Michelle Zatlyn MZ: What are the benefits of this? A: Fast to deploy, really after replacing custom code. Market is around trading, primarily. Can move 30K trades per second through K3. Benefit to business: gets data to right place at right time. AA: You know it’s not just about wrapping data, it’s about taking actions on data. How much extensibility is in the UI? And what happens when you pass the limits of that? A: Have 65 integration patterns, plus open source components. We know that in the future we need to create UI transparency into those integration patterns. FL: Which verticals are being targeted? A: Trading is a great place to start, because there’s a low tolerance for losing data. Also looking at healthcare and CRM. FL: Risks in sales process? A: Developers are used to developing their own stuff. Wish I could say it’s been easy. Sales cycles are about 6 months. DS: More about the team? A: Trading biz and tech for long time. (See above) AA: Is it easy to pitch CIOs? A: Most boring part – mapping – is the bane of CIOs, they’re backed up all the time.

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K3 Server Is Making Enterprise Application Integrations More Efficient, Reduces Work By Half

Facebook’s $38 Share Price Makes Instagram Deal Worth Nearly $1.2 Billion

blogger — Fri, 18 May 2012 06:37:00 +0000

Facebook’s $38 share price would make its deal to buy Instagram worth nearly $1.2 billion, up from the roughly $1 billion price the company announced in April . That’s a nice little bump but the deal hasn’t gone through given regulatory reviews. On top of that, we don’t know the restrictions on the shares like when they vest or if they’re subject to lock-up period. Plus, shares may pop tomorrow and their value will probably fluctuate a lot by the time six-month lock-up date hits. When Facebook agreed to buy Instagram, it said it would pay with $300 million in cash and 22,999,412 shares of stock. That stock is now worth nearly $874 million, creating a $1.17 billion price tag. Originally, Facebook said the deal was going to close by the end of June, according to its IPO filing. But now it appears that it may take longer because of a more thorough FTC investigation. There’s a requisite investigation if a deal is more than $66 million . But because of the more than $1 billion price that Facebook paid and the reach of both companies, the commission is said to be looking a little bit more closely at the deal , a source with knowledge of the talks tells us. The FTC usually doesn’t publicly confirm investigations until they’re over, and hasn’t publicly confirmed if they’re doing one on this deal. But there is evidence that it’s taking longer than expected. Facebook changed its IPO filing earlier this month by amending a sentence projecting a second quarter close for the Instagram deal. It now forecasts a close sometime by the end of the year . If the government blocks the deal, Facebook has agreed to pay Instagram a $200 million kill fee, according to its IPO filing . Because of this, Instagram’s dozen or so employees haven’t even started at Facebook. They’re still in limbo and they’re working from their San Francisco headquarters on the app, instead of Facebook’s Menlo Park office. Meanwhile, Facebook is also trying to improve its own mobile offerings; it recently boosted the size of photographs in the mobile news feed, making the overall experience more Instagram-like. While the deal is ultimately expected to go through, a Facebook-Instagram acquisition poses several challenges for the FTC. For one, the FTC’s merger guidelines happen to focus a lot on pricing power , and how a merger would affect a company’s ability to raise prices and decrease output. But both Facebook and Instagram give their products away for free. The other components of the FTC and Department of Justice’s guidelines have to do with market share. They’ll add up the square of different market shares for competing firms, creating a number called the Herfindahl-Hirschman Index. If it’s above 2500, then the market is highly concentrated. If it’s below 1500, then it’s unconcentrated. But again, it’s not clear how this applies in a market where companies can rise and fall so quickly. Instagram basically appeared out of nowhere . It racked up nearly 40 million users in about 18 months. Plus, the time it takes for any given company to gain millions of daily active users is declining, partly because of the virality of the Facebook platform itself and then because the iOS and Android platforms are finally reaching scale. So how do you apply a formula like this when changes in market share are so dynamic? The last time the FTC took a close look at a consumer web deal of this size, it was back in 2009 with the $750 million Google-Admob acquisition. The commission unanimously closed it after Apple entered the competitive field with its acquisition of rival mobile ad network Quattro , which became iAd. However, there hasn’t been a smartphone app deal of comparable size to Instagram — yet.

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Facebook’s $38 Share Price Makes Instagram Deal Worth Nearly $1.2 Billion