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Cloudbase Solutions, the global leader of enterprise OpenStack® on Windows® products and services, announced today the release of the industry’s …
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- Video Game Voice Actors May Go On Strike, And That’s A Good Thing
- FanDuel announces acquisition of leading esports platform AlphaDraft
- Google says its voice search system is now more accurate, especially in noisy places
- Twitter app ads now support autoplay video
- Vubiz Announces New Course on Affirmative Action and Equal Opportunity
Strategic alliance marks FanDuel’s entry into the rapidly growing fantasy eSports market
NEW YORK–(BUSINESS WIRE)–September 24, 2015–
FanDuel Inc. (www.fanduel.com), the largest one-day fantasy sports operator, today announced it has acquired leading fantasy eSports platform, AlphaDraft. Marking its entry into the fantasy eSports market, FanDuel will leverage the partnership to enhance and expand core product offerings in order to further reach new sports fans while maximizing engagement.
With the best talent in the sports tech industry, FanDuel’s acquisition of AlphaDraft, the premier daily fantasy sports platform that seamlessly blends eSports, live streaming and fantasy sports contests, will bring the company’s employee base in-house to help create a one of its kind daily fantasy product specifically for eSports. This partnership marks the first time FanDuel will have a product for the eSports community.
“With over 200 million people globally watching eSports, AlphaDraft gives those fans a way to engage with this burgeoning entertainment product that creates an enormous opportunity for us,” said Nigel Eccles, CEO and Co-founder, FanDuel. “This is sports for a new demographic, with very little crossover with what are considered traditional sports fans, and this acquisition gives us the ability to leverage the expertise of AlphaDraft’s team, while helping their efforts in customer acquisition and building awareness of this new industry. It’s a win-win.”
The acquisition of AlphaDraft continues FanDuel’s long-term strategy of acquiring top talent around the fantasy sports industry as it builds one of the finest fantasy products for players – all designed to enhance the sports experience. This comes on the heels of the acquisition of numberFire, the premier next generation sports analytics platform, and Kotikan, a leading mobile app developer.
“It is clear that FanDuel is committed to the fan community,” said Todd Peterson, CEO of AlphaDraft. “This pairing creates an incredible opportunity to drive the fantasy industry forward and create compelling products that will enhance all fan engagement.”
Investors in AlphaDraft to date include former NBA Commissioner David Stern, Melo7 Tech Partners, Metamorphic Ventures, WME, Upfront Ventures, IDG Ventures, Greycroft Partners, Freestyle Capital, KEC, Amplify.LA and others. eSports generated $ 612m in revenue last year and 13% of all live stream viewers are watching eSports. By 2017, the number of eSports fans is projected to come close to that of American football.
FanDuel is the leading daily fantasy sports provider with the sole mission of making sports more exciting. Founded in 2009, FanDuel has redefined fantasy sports; offering a multitude of one-day game options for NFL, NBA, MLB, NHL, and college football and basketball, with new public and private leagues forming daily, ranging in size from two to thousands of players. FanDuel is the Official Partner of the NBA and has multiple deals with NFL and NBA teams, driving fan engagement, hosting numerous live events and creating once-in-a-lifetime experiences for sports fans throughout the year. Based in New York City with offices in Los Angeles, Orlando, Edinburgh and Glasgow, FanDuel has raised $ 363 million in funding from investors including KKR, Google Capital, Time Warner/Turner Sports, Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Pentech Ventures, Piton Capital and Bullpen Capital.
Founded in 2014, AlphaDraft is the premier online platform that seamlessly blends the highly popular worlds of eSports, live streaming and fantasy sports, with daily and weekly contests for cash and other real-world prizes. Members draft a new team every day without season-long commitments, and play against friends and other fans without having to create their own fantasy leagues. There is no purchase necessary to register, and AlphaDraft offers both free and paid contests. For more information, please visit www.AlphaDraft.com or follow us on Twitter at @AlphaDraft.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150924006288/en/
IFC, Qualcomm Ventures and Ventureast co-invest to expand healthcare access to millions of people in India and the wider region
BANGALORE, India–(BUSINESS WIRE)–September 20, 2015–
Portea Medical, India’s leading home healthcare company, today announced that it has received US$ 37.5 million in Series B funding led by Accel. International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures and Ventureast also participated in this round.
Portea will use the latest investment to fuel the company’s expansion in India where it currently operates across 24 cities and handles 60,000 visits in a month to patients’ homes. It will also utilize the funding to grow in other markets elsewhere in the region including in Malaysia where it already provides services in four cities.
Portea has more than 3,000 staff and plans to recruit an additional 5,000 employees over the next 18 months in line with the company’s growth plans across the region.
“This investment from marquee investors recognizes the rapid strides Portea has made as well as points to our prospects as we build the company into India’s leading consumer healthcare brand in the coming years,” said Meena Ganesh, MD & CEO of Portea.
Arun Mathew from Accel, the investment firm that led investment in other Indian startups like Flipkart, BookMyShow, FreshDesk and others, joins Portea’s Board of Directors.
“There is a tremendous need to offer an in-home healthcare option for millions of people in India and other emerging markets,” said Mathew. “Portea’s service actually improves health outcomes for patients because it combines highly trained physicians/nurses and technology, making the healthcare process more efficient and accessible.”
Pravan Malhotra, IFC’s venture capital lead for South and Southeast Asia, said, “IFC’s venture team invests in early growth companies that offer innovative technologies or business models. Portea’s model of providing affordable and quality care for patients in their homes ensures that hospital infrastructure and beds can be utilized for more critical medical cases and procedures. Our investment in the company will also help them create jobs and a skilled workforce, thus creating opportunity in tier two and tier three cities in India. This is our third venture capital healthcare investment in India and part of IFC’s strategic approach to improve access to quality health services in Asia.”
Portea focuses on general primary health care, post-hospitalization care, chronic disease management and allied services such as diagnostics and medical equipment on hire thereby bringing the entire gamut of healthcare services to a patient’s doorstep. The company works with hospitals, insurance companies and individuals to improve health outcomes by providing a continuity of care in the home setting through doctors, nurses, physiotherapists and nursing attendants employed by Portea. The company has 40+ hospitals as partners, and a network of referring physicians all over India.
Portea had previously received $ US 9 million Series A funding from Accel, Qualcomm Ventures and Ventureast in December 2013.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150920005045/en/
Brian Carvalho, +91 9980723839
Email: [email protected]