The Technology Authority

Recon Updates Progress on its Technology-Driven Solutions for Electric Submersible Progressing Cavity Pump with $5 Million Orders Secured

BEIJING, June 11, 2021 /PRNewswire/ — Recon Technology, Ltd (NASDAQ: RCON) (“Recon” or the “Company”) today announced that its subsidiary, Beijing BHD Petroleum Technology Limited, signed two contracts with North China E&P Company (the “North China Branch”) of China Petroleum & Chemical Corporation (“Sinopec”). Pursuant to these two contracts, the Company has provided technical service with ultra-deep electric submersible progressing cavity pump (“ESPCP”) to one gas well at the Dongsheng Field of the Second Gas Production Plant (the “Plant No. 2”) of the North China Branch and will provide the same service to another gas well at the

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Zoom and Salesforce make $23 million after IPO of Israel’s Monday.com

Monday.com celebrates its IPO at the Nasdaq, June 10, 2021.

Source: Nasdaq

In Zoom’s IPO two years ago, Salesforce made a bundle by investing $100 million at the offer price and watching the stock soar out of the gate. Zoom learned a little something from that experience.

Zoom and Salesforce each purchased $75 million worth of stock in Israeli software company Monday.com, which debuted on the Nasdaq on Thursday. Monday.com, which provides cloud-based collaboration tools, didn’t have a Zoom-level pop, but the stock did jump 15% — rising from $155 to $178.87 — giving both investors a quick paper profit.

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Google Pays $270 Million to Settle Antitrust Charges in France

LONDON — Google agreed to pay roughly $270 million in fines and change some of its business practices as part of a settlement announced on Monday with French antitrust regulators who had accused the company of abusing its dominance of the online advertising market.

The agreement was one of the first times an antitrust regulator had taken direct aim at Google’s online advertising infrastructure, a platform that scores of websites worldwide rely on to sell ads.

The fine is a pittance compared with Google’s overall business — its parent entity, Alphabet, earned $41 billion last year — but the French

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Fishers-based software firm Emplify acquired for $50 million

Jaramillo

Fishers-based employee-engagement software firm Emplify Inc. has been acquired by San Francisco-based human resources software company 15Five Inc. for $50 million, the companies announced Tuesday.

15Five plans to maintain an Indianapolis-area office under its own name and has hired all 52 Emplify employees.

Emplify CEO Santiago Jaramillo, who co-founded the company in 2016, will join 15Five in a senior leadership role. Fellow co-founder and Chief People Officer Adam Weber is joining 15Five as senior vice president of community.

The acquisition boosts total employment at 15Five by more than 30%, to at least 225 employees. In addition to San Francisco

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This Seattle Software Startup Just Raised $25 Million To Help Immigrants Come To The U.S.

When Boundless Immigration CEO Xiao Wang’s parents immigrated to the the U.S. from their native Nanjing, China, Xiao had to be left behind with relatives. At age three, he joined his parents, both of whom had studied at Arizona State University. To reunite, the family had paid about five months of rent on attorneys, then poured much of their savings into the hands of a fixer to guide them through the high-stakes naturalization process.

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Scorpion Raises $100 Million From Bregal Sagemount To Expand Its Technology And Services; Bring Enterprise-Grade Technology and Opportunities To Local Businesses

SALT LAKE CITY, April 14, 2021 /PRNewswire/ — Today, Scorpion, a leading provider of technology and services helping local businesses thrive, announced a $100 million investment from Bregal Sagemount to expand its technology and customer offerings. This funding is a reflection of the exceptional growth in Scorpion’s business and investor belief in its vision to empower local businesses and the communities they serve.

Through Scorpion’s blend of AI technology and teams of experts, local businesses can improve business performance and marketing capabilities by better understanding their unique market dynamics, competitors, and customers. Scorpion brings everything together making it

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