IT

BrightPoint, backed by EMC and originally known as Vorstack, is set to be acquired in all-cash transaction by ServiceNow.

The fund has been backed by a range of unnamed Asia-based conglomerates and will focus on technology startups.

Tsinghua University gains approval for an investment in data centre service provider 21Vianet to control 51% of its voting share with an approximate 21.4% share stake.

The search engine technology developer has secured a second close for its series A round, which attracted the attention of Naspers last month.

The data security platform, already backed by GV, has attracted Amazon to its shareholders as it boosted its total capital to $122m.

Innovium has revealed it raised a total of more than $50m in series A and B funding last year, with Qualcomm Ventures participating in both rounds.

The Naver-owned messaging platform, which first hoped to float in 2014 but dropped the plans in mid-215, is now aiming for a valuation of up to $3bn.

Bloomberg Beta returned for the app testing platform's series A round, its second funding round in four months.

Intel Capital led the round, which increased the app development technology company's funding to $37m since 2011.

Microsoft will invest directly in startups through a new fund called Microsoft Ventures, with the old Microsoft Ventures initiative renamed Microsoft Accelerator.