1. Cloud Computing Co Nivio Gets $21M From AEC Partners, Videocon Group

    VCCircle (Feb 10 2012)

    1. Cloud computing firm nivio, which allows subscribers to rent software applications from companies like Microsoft and Adobe, has secured $21 million (Rs 104 crore) from the Videocon Group and AEC Partners, a US-based private equity firm specialising in technology investments, the company has said in a statement. The capital raised will be used to expand engineering efforts at nivio’s Palo Alto office and also to roll out the Cloud platform across nivio’s operating regions in Europe, the Middle East, India and Australia. read more (Read Full Article)

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