TechTaffy

tech:

taffy

Sugar To Acquire Circle of Moms

By TechTaffy Desk

[Techtaffy Newsdesk]

Sugar, an online media and commerce company, has entered into an agreement to acquire San Francisco-based Circle of Moms, one of the largest social networks for moms and moms-to-be. The size of the acquisition was not shared.

Originally launched on Facebook in 2008, Circle of Moms serves a community of 6 million moms connected together around quality content, trusted advice and topical conversations.

Upon the close of the acquisition, Circle of Moms will become a wholly owned subsidiary of Sugar Inc. and will continue to operate independently.  Co-founder and CEO of Circle of Moms Ephraim Luft will remain in his current role, reporting to Sugar Inc. Co-founder and CEO Brian Sugar.

Upload: 06-07-12

Just in

Around the web

ChatGPT search tool vulnerable to manipulation and deception, tests show — The Guardian

OpenAI’s ChatGPT search tool may be open to manipulation using hidden content, and can return malicious code from websites it searches, a Guardian investigation has found; writes Nick Evershed. 
Public Sector

SAIC secures $170.9M cybersecurity contract with Texas Department of Information Resources

Science Applications International Corp. (SAIC) has been awarded a $170.9 million contract by the Texas Department of Information Resources (DIR) to provide cybersecurity services.
Series A

Infinant raises $15M

Charlotte, NC-based Infinant, a bank platform provider, has raised $15 million in a Series A funding round.
AI

Lockheed Martin partners with IBM to enhance AI tools for defense applications

Lockheed Martin is integrating IBM’s Granite large language models (LLMs) into its AI Factory.
IT

Zettabyte, Foxconn ink data center partnership

Zettabyte, a company specializing in AI data center software and infrastructure, has entered into a partnership with Hon Hai Technology Group (Foxconn).