With the slow recovery from the financial crisis and divestiture strategies undertaken by some big players, 2014 was marked by numerous exits by corporate investors in the industrials sector.

The Siemens-backed cybersecurity startup, founded in 2013, had reportedly raised about $2m in funding.

Exercise plan provider FitStar, which had raised $5m from investors including Google Ventures, is set to be acquired by the wearable fitness device maker.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

First rumoured in November 2014, PCH has agreed to acquire e-commerce company Fab for an undisclosed amount of cash and equity.

Uber has bought T-Mobile, Ford and Best Buy-backed navigation system DeCarta for an undisclosed sum in order to advance its mapping technology.

Human resources firm Recruit, which acquired a 7% stake in restaurant reservation platform Quandoo in October, has elected to buy the entire company.

The homemade and vintage goods marketplace, backed by investors including Hubert Burda, is likely to increase the IPO target of $100m as it gets closer to floating.