Amazon-backed Engine Yard has acquired its Ireland-based competitor Orchestra.

Eye treatment company KalVista Pharmaceuticals won the backing of Novo and SV Life Sciences in its spin off from Vantia Therapeutics. The two venture firms also backed Vantia's founding in 2008.

Germany-based media group Thalia is acquiring Textunes as part of its "Smart Reading Strategy".

Gattamneni is now managing director of Venture Pursuit. His two directors are Dimitrios Stoimenou and Gudrun Herrmann.

A shining example of incubation strategy by BT''s former subsidiary.

In order to provide the right answers, the corporate venturing fund manager will need to break out of the traditional corporate venture fund structure and strengthen alliances beyond its home sector.