“Investor interest hots up in Singapore Tech arena” by Grace Chng
25 July 2013
In Singapore, 3 acquisition deals were announced for the week, one of which was Vertex’s impending sale of its stake in portfolio company 91 Wireless to Baidu for more than USD100 million (SGD126 million). 91 Wireless operates 2 app stores in China and Vertex was said to own a 6 per cent stake in the company. Vertex did not disclose its initial investment amount in the company but was expected to reap more than 10 times that amount.
The other 2 deals were YFind and Techsailor, both acquired for undisclosed amounts. YFind was acquired by a US listed company, Ruckus Wireless while Techsailor was acquired by To The New, an Indian company that provides digital services network.
The number of publicly announced acquisitions involving local tech firms had risen to 6 so far for this year against 4 in total for last year. (Source: The Straits Times)
Vertex Innovation Forum 2013 - Vertex’s Inaugural Public Seminar on Big Data
14 March 2013
Vertex today held its inaugural public seminar on Big Data at Raffles Hotel, Singapore. The key theme is Big Data and its transformative impact on industries, companies and people.
Vertex brought together leading investors and practitioners to discuss and provide insights into Big Data's promises and into actual use cases relevant to companies and people driving innovation and entrepreneurial activities today. To tap into the disruptive potential of Big Data, Mr Matt Ocko (Partner, Data Collective) was invited to share his insights on Big Data and its Transformation of the Enterprise.
At the end of the forum, Mr Chua Kee Lock (P&CEO, Vertex), Mr Zachary Bogue (Partner, Data Collective), Mr Kevin Lee (Head of Asia & FDE, Palantir Technologies) and Mr Manik Bhandari (Director, Accenture Analytics Innovation Centre) participated in a Panel Discussion to share with all attendees about The Potential of Big Data for Singapore and Asia.
It was a successful event both in terms of interest from the attendees and the 170-people turnout. The event was covered in TODAY newspaper on 15 March 2013. For more details, please visit Big Data equals big business for Singapore