News Byte

Axcient Adds CFO From ShoreTel and Two VPs From WebEx

Axcient, a start-up that specializes in a hybrid data backup that keeps corporate systems running, said it has named John Finegan, the former CFO of ShoreTel and Cornerstone, as its new CFO. It also named Jeff Teddleton, a former exec with Cisco Systems unit WebEx, as its VP of Operations, and Pam Lyra, another WebEx veteran, as its VP of Customer Satisfaction.

Start-Up SalesCrunch Makes Unsolicited Bid for Cisco Unit WebEx

WIth rumors persisting that its WebEx unit is on the block, Cisco receives a bold offer from start-up SalesCrunch.
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ClearSlide, Super Simple Sales Pitches in the Cloud, Lands $11 Million

Nobody likes a sales pitch until they see one they like. ClearSlide, a cloud-based service, hopes to improve the odds of making a good first impression.
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Memo to the Vanderhook Clan: Stunt Casting Justin Timberlake Isn’t Going to Get Myspace’s SexyBack

Oh dear, oh my — with the first move that the new owners of Myspace have made, it’s pretty clear they are taking the worrisome look-at-the-shiny-celebrity approach. The trio of Vanderhook brothers who run Specific Media, which paid $35 million to buy the News Corp.-owned music-focused social networking site, began by swanning around the appealing singer and actor’s name as an investor. Maybe they should focus on making products the star first.
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Cisco Still Totally Hearts Linksys and WebEx

Cisco’s still got plenty of reasons to hold on to Linksys and WebEx. Who says? Well, CEO John Chambers did, but you had to be listening carefully.

Cisco May Next Rid Itself of Linksys and WebEx

Having killed its Flip video camera business, Cisco’s other consumer-focused unit–its Linksys home networking business–is said to be on the block along with its office meeting service WebEx. As Cisco turns the battleship, these two could easily be the next tossed overboard.

On Deck, Which Helps Small Businesses Get Capital, Lands Some of Its Own

On Deck Capital, which helps small businesses aggregate their financial information to help them get the loans they need, lands $15 million in a funding round led by SAP Capital.

Meet Lew Tucker, Cisco's Mr. Cloud

Cisco Systems is serious about cloud computing. If today’s news about its strategic alliance with BMC Software doesn’t make that clear, talking with Lew Tucker, Cisco’s CTO for Cloud Computing certainly will.

KPCB Doubles Down on iFund: $200 Million for iPhone and iPad Apps

Add Kleiner Perkins Caufield & Byers to the list of companies funding iPad app development. This morning the storied venture capital firm said it is doubling the $100 million fund it established to provide seed capital for iPhone apps to fuel development of new apps for Apple’s iPad.

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Macworld Abuzz With iPad Talk Despite No-Show Apple

Apple may have decided not to show up at this year’s Macworld trade show, but the show was still abuzz with talk about its new iPad tablet computer, as several companies touted iPad accessories that they plan on offering. One example: External battery maker HyperMac’s large banner above its exhibit area mentioned iPad as one of the Apple products it is providing an external battery for–even though it doesn’t have one ready yet.