George Gombay's Blog – June 2011 Archive (4)

Competition between Microsoft & Google intensifies with the release of cloud-based Office 365.

At an event yesterday in New York city, Steve Balmer of Microsoft hosted the global launch of Office 365.



Analysts have noted that in recent years Microsoft has been making big bets on the cloud with products like Azure, but Office 365 is by far the company’s biggest push into cloud software.



With this bundling of its Office, SharePoint Online, Exchange Online and Lync…

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Added by George Gombay on June 29, 2011 at 11:30 — No Comments

Factoring: An alternative source of quick funding for the cash-starved small business.

An alternative to obtaining quick financing that is often overlooked by struggling small businesses is the factoring of invoices.



If you are a start-up which is already generating some revenue but still experiencing a cash crunch, this may be a viable option for a quick form of cash or short-term working capital.



Accounts receivable or invoice factoring will not require a business plan or tax statements. It's  also often used by businesses  who have a pressing need for money… Continue

Added by George Gombay on June 22, 2011 at 10:29 — 3 Comments

Visa's acquisition of Fundamo speeds up the race to provide financial service via mobiles.

The race is on to provide electronic financial services using cellphones in emerging markets, as shown by last week’s purchase of Cape Town-based mobile payments company Fundamo by Visa in a R750m all-cash deal, which has ensured a big payday for Fundamo’s backers in return for their early risk-taking.

The big picture here is how mobile phones are promising to take electronic transactions to the world’s estimated 3bn people who do not have access to formal financial services — bringing…

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Added by George Gombay on June 21, 2011 at 10:31 — 1 Comment

Startups' IPO market booming in the States at present

Its a hot market at the moment for start-ups and their IPOs in America, with potentially great rewards for early investors;

"LinkedIn Corp.'s smash debut on May 19 whetted investors' appetites for IPOs to a degree unseen since the 1990s—and encouraged others to follow suit. Online-coupon outfit Groupon Inc. and telecommunications company Avaya Inc. have…

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Added by George Gombay on June 11, 2011 at 10:11 — No Comments

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