Faced with cut-throat pricing by cloud giants, you had to wonder how Rackspace, with its service-centric approach, could keep up.
Startup OneRoof Energy has closed another funding round of $31.5 million, according to a filing. Launched in 2011 and based in San Diego, Calif., OneRoof teams up with roofers and electricians to sell rooftop solar systems and financing products (like leases). The company has also raised funding from Morgan Stanley, Black Coral Capital’s energy fund and Korean power company Hanwha. The market for solar panel systems is growing dramatically in the U.S.
This $31.5 million is a subset of OneRoof Energy’s recent reverse merger with Carlaw Capital IV, a Canadian capital pool company, with total proceeds of around 50 million Canadian dollars. The $31.5 million is the portion of shares purchased by U.S. investors.
Updated on March 31, 11:04 AM PST to clarify the funding.
New Morgan Stanley research expects AWS to hit $24 billion in revenue by 2022 and to put the hurt on legacy IT providers in the process.
The most highly anticipated initial public offering in today’s tech world is officially happening. Facebook filed S-1 documents with the Securities and Exchange Commission Wednesday afternoon to raise a maximum of $5 billion. According to the filing, Facebook made $3.7 billion in revenue in 2011.
China Telecom is getting very near to launching Apple’s iPhone 4S on its network, according to a new report. China Telecom subsidiary Beijing Telecom said it will likely offer a CDMA version of the iPhone 4S by the end of February or the beginning of March.
Apple’s iPhone was a hot seller in the company’s first fiscal quarter of 2012, but that’s nothing compared to what one analyst predicts we could see in just a couple of years’ time. Morgan Stanley thinks Apple’s efforts in China could pay big dividends by 2013.
In 1991, Walmart reported revenue of over $44B, an increase of 35% over the prior year. In 2011 Amazon.com will report revenue of $49B, an increase of 43% over the prior year. Amazon.com is the Walmart of our era (vendor dislikes and all.)
Netflix faced Wall Street analysts Monday to explain why its new subscription plans were a good idea. While many on Wall Street were surprised by the effect it will have on customer additions in the short-term, most agreed that the change won’t affect the long-term story.
Another source is backing up reports that Apple (NSDQ: AAPL) is due to start making a new edition of the iPhone in preparation for a launch…
Algae oil and fuel maker Solazyme priced shares for its IPO late last night at $18 per share — above its previously estimated price range — enabling the company to raise around $198 million when it debuts on the Nasdaq on Friday.