AIMGroup

Navent gets $20 million investment

Navent, a Latin American real estate and jobs classifieds company,  has closed a $20 million Series C round of funding from global technology private equity firm Riverwood Capital, according to TechCrunch. The online classifieds company, which focuses on real estate and jobs, hasn’t raised capital since November 2012. The new funding will be used to improve  growth in its regional...

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LinkedIn SVP now advising Auction.com

Auction.com adds LinkedIn senior vice president Deep Nishar (photo) in advisory role. Board member of successful Internet companies such as TripAdvisor and Opower to lend valuable insights on further enhancing the company’s product and user experience. IRVINE/MOUNTAIN VIEW, Calif. – August 12, 2014 – Auction.com, the nation’s leading online real estate marketplace, has brought on...

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Push for credit cards in Indonesia

MasterCard Indonesia has partnered with the Indonesian E-commerce Association (idEA) on an online shopping festival to push the use of credit cards for transactions on the Internet. The program will involve 14 online merchants and will run from August to January next year. The 14 are: Bhinneka.com, Saqina.com, Lazada.co.id, Floweradvisor.co.id, Lojai.com, Livingsocial.co.id, Perkakasku.com,...

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Revenue up but iProperty losses

iProperty Group has announced a 44 percent rise in revenue for the first half of 2014 to reach AUD$11 million from AUD$7.655 million for the same period last year. EBITDA surged from a loss of AUD$3.225 million to AUD$30,084. iProperty Group is listed on the ASX and operates sites in Malaysia, Indonesia, Hong Kong, Singapore and Macau, and has investments in India and the Philippines. Some 17.22...

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Netflix exec Kail named Yahoo CIO

Mike Kail, three-year VP of IT operations at Netflix, has joined Yahoo as chief information officer, reporting to CEO Marissa Mayer. Here’s the announcement: Mike Kail Joins Yahoo as Chief Information Officer SUNNYVALE, Calif.–(BUSINESS WIRE)– Today Yahoo! Inc. (NASDAQ: YHOO) announced that Mike Kail has joined the company as CIO and SVP, Infrastructure. In this role,...

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