The US dollar isn't worth what it used to be. Twitter has an IPO filed that estimates the value at almost $13B. Twitter is still growing and on target for $1B in revenue but is losing about $110-$150 million per year. Co-founders Evan Stone and Noah Glass do not own any stock in the company.
In other IPO news, RingCentral raised $90+ million in its IPO. it seems the VoIP VC's are looking to get some of their cash back after a long wait.
MSP "ITsavvy just acquired CT Networks as part of its growth by acquisition strategy," according to its press release. ITsavvy will now be able to provide voice solutions from quite a few vendors: Cisco, ShoreTel, Mitel and NEC.
Earlier this year ITSavvy acquired Directech Solutions for its copier and print business.
Hawaii Telcom competes acquisition of cloud computing company, SystemMetrics Corp., to take another step away from being "just" the ILEC.
Intermedia.Net, webhosting company turned cloud services vendor, acquired SaaSID to enhance its Single SignOn features.
Busy month for bankers.
Oh, and Birch refinanced and increased its credit line for more acquisitions. It completed the acquisition of Ernest but not Lightyear yet.