US-based data analytics and security firm Rhodes Edge Inc has acquired Singapore-based geolocation technology startup Folr for an undisclosed sum.
Singapore-based serial entrepreneur John Fearon has vacated his post at the accelerator and investments holding company he founded, Gilcrux Holdings, to focus on his new incubator JF2, handing over the Gilcrux Holdings CEO reins to current COO John Sharp.
The ‘personal safety’ app market saw a new entrant with the recent launch of Folr, a geolocation tracking application which claims to give real-time information on the whereabouts of family members, significant others, best friends and more.
The former managing director of PayPal Middle East and North Africa Elias Ghanem has started Telr, a multicurrency and multilingual payment gateway for small and medium enterprises (SMEs) in emerging markets.
Crystal Horse Investments has just made its exit from Gilcrux Holdings, at a value that was 10 times the initial sum it invested.
Former BlackBerry director John Leung has joined Singapore-based startup Dropmysite as its new vice-president of sales for Asia.
500 Startups has just invested in Dropmysite, the cloud-based website, email and database backup solution.
Cloud-based email backup site locks in funding and business partnership with subsidiary of top Internet company in Japan.
Founder of email and database back-up site follows what works for him, but is practical about the realities of Asian investment culture.
Dropmyemail, which launched at Demo Asia 2012, announced it is opening a sales and business development office in Dallas, Texas. Since its launch five months ago, it has garnered 911,000+ signups and purchased US-based cloud backup service OrbitFiles.