March 9, 2007

Napatech gets 7.5 Million VC Funding

Napatech announced the investment of USD 7.5 million from existing investors Ferd Venture and Northzone Ventures. Napatech develops, produces and markets programmable and intelligent Ethernet adapters. Both investors are located in Nordic countries- Ferd Ventures is based in Oslo, Norway and and Northzone is based in Copenhagen, Denmark.

Filed under Denmark, Norway, Venture Capital by

February 21, 2007

CSC signs $80 million contract with Norwegian insurance firm

“Computer Sciences Corp. (El Segundo) has renewed its information technology services agreement with Vital Forsikring in a contract worth about $80 million if all options are exercised, the company said Tuesday. The deal with Vital Forsikring, Norway’s largest privately owned life and pension insurance company, has a five-year base period and three one-year options. Vital Forsikring is owned by Norway’s largest financial group, DnB NOR, and serves about one million customers.”

Filed under Information Technology, Norway by

February 15, 2007

Warner Music Lands Norwegian Mobile Deal

“Warner Music Group said it is forming a partnership with Norwegian telecommunications group Telenor ASA to allow its content to be featured through Telenor’s network of mobile companies. The deal announced Wednesday will make available Warner’s full-length songs, ringtones, mobile music videos and wallpapers on at least nine of Telenor’s 13 mobile operators.”

Filed under Media and Entertainment, Norway, Telecommunications by

February 8, 2007

Apple disputes with EU Growing

Is Steve Jobs trying to create a trans-Atlantic trade issue? A report in today’s International Herold Tribune covers a growing dispute between Apple and the European Union about the digital music industry. The EU generally believes that consumers should be able to play songs from online sites on any digital music player. Songs purchased from Apple’s iTunes store, however, can only be played on the company’s iPod music players.

A consumer ombudsman in Norway last month agreed with this complaint, giving Apple until March 1 to respond and until Oct. 1 to do something about it. The ombudsman’s decision was followed by complaints from consumer groups in other Nordic countries, along with groups in France, Germany and the Netherlands. Jobs fired back last week when he wrote on his website that “Much of the concern over DRM systems has arisen in European countries” and proposed that music companies drop digital rights management software, which restricts the ability of consumers to copy songs or to move them from one digital device to another.

The Tribune noted that “in issuing a call for the record industry to drop copy protection, or digital rights management, from music sold online, the Apple chief executive, Steve Jobs, highlighted the fact that two of the big four music firms, and half of another, are owned by European companies”. Many in the EU are not buying Jobs arguments, “He’s trying to move the responsibility away from Apple and turn this into a trans-Atlantic trade issue,” said Torgeir Waterhouse, senior adviser to the Norwegian Consumer Council.

Filed under Entertainment Industry, Europe, Norway by

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