But I find it interesting new. Was posted today, you can Google it.
"Mobile multi-channel messaging platform mGage has acquired the Bangalore-based cloud communications company Unicel Technologies for an undisclosed amount. Speaking to Medianama, mGage mentioned that it would integrate Unicel completely, including its employees and technology.
Unicel provides various cloud based APIs and applications for communications including for two-way messaging, SMS, voice, email and USSD (Unstructured Supplementary Service Data). It also provides various enterprise solutions for mobile banking, sales force automation, supply chain management, location based services, marketing solutions and IT network management etc., other than solutions like MessageOne, AlertOne and TrackOne for mobile network operators."
Found a summary of Velti court case on this blog below
From Google search for "Pleasanton Business & Commercial Law Blog . velti" should have a date of April 30 2015
Title of blog
"Shareholders Claim Misrepresentations in Connection with Company's IPO after Stock Price Collapses"
Key sentence from below :
"In all three relevant claims, the court held that the plaintiffs FAILED to establish a connection between the receivables and any representations made by the defendants (Velti).
"A plaintiff alleging fraud must "state with particularity the circumstances constituting fraud or mistake." Fed. R. Civ. P. 9(b). The Ninth Circuit has held that this requires pleading "the time place, and content" of allegedly false or misleading representations, along with the "circumstances indicating falseness" or the "manner in which the representations at issue were false and misleading." Rieckborn at 9, quoting In re GlenFed Inc. Sec. Litig., 42 F.3d 1541, 1547-48 (9th Cir. 1994). In all three relevant claims, the court held that the plaintiffs failed to establish a connection between the receivables and any representations made by the defendants.
For what its worth, found the only slide he used on that day presentation.
I looked it up, it is from the title of a speech given by the former President of the United States, Theodore Roosevelt at the Sorbonne in Paris, France on April 23, 1910.
I think it is a look back at what happened and his outlook on things, at the end of the quote it gives hope that he is planning on moving forward, lets hope.
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
Date: Mar 3, 2015
Hearning on Friday Feb 27, 2015
By Reuters news
"A federal judge has dismissed a securities class action accusing Jefferies, RBC Capital Markets and other underwriters of misleading investors about the financial health of mobile marketing company Velti before its 2011 U.S. stock market debut.
In an order on Friday, U.S. District Judge William Orrick in California's Northern District said that contrary to their allegations, investors filing suit had not shown that Velti's financial statements were "objectively false."