Google Buys Fridge; Acer Buys iGware; 10B Files in 43 Minutes?

This week's tech news roundup has the latest developments at Mountain View companies.

Every week, Mountain View makes news with technology developments, discoveries and sometimes controversies.

Today, Mountain View Patch brings you “Bits and Bytes,” where we’ll relay the past week’s news highlights from our backyard giants, start-ups and small businesses alike.

After hitting the 20 million mark in just three weeks, Google+ makes its first acquisition with Fridge, a group social networking site, for an undisclosed amount, according to a Business Insider report. The four-member Fridge team will work on G+ from New York, before they re-locate to the Google headquarters in Mountain View this August.

Fridge, the Y Combinator start-up that raised $800,000, has 40,000 monthly uniques and more than 20,000 groups where users can share videos, instant messages, pictures, polls and events with close friends.

Acer Inc., the Taiwanese PC maker, announced Thursday plans to acquire iGware, the Mountain View-based cloud-computing technology developer for $320 million in a cash and a stock deal. The PC maker will use iGware technology to build its new platform called “Acer Cloud,” which will allow Acer products, including its PCs, tablets and smartphones, to connect to a “safe and secure environment”.

A new world record, 10 billion files in 43 minutes, has been set. Violin Memory Inc., provider of the world's fastest and most scalable Memory Arrays, is redefining the limits of existing storage capabilities. According to a news release, IBM's General Parallel File System (GPFS) scanned 10 billion files in 43 minutes, 37 times faster than the previous record of 1 billion files in three hours, leveraging Violin’s technology.

Symantec, the security, storage and systems management software provider, deepens its encryption offerings with Symantec PGP Viewer for iOS, Management of Opal-Compliant Self-Encrypting Drives, and Integration with Symantec Protection Center 2.0. These product offerings are expected to provide greater flexibility and support for mobile devices. For instance, Symantec PGP Viewer for iOS enables mobile workers to view encrypted email on an Apple iPad, iPhone or iTouch.

Fox Technologies Inc., provider of enterprise access management solutions, announced record revenue growth for the first half of 2011, which was the highest in company history—104 percent higher than during the first half of 2010.

Negotiations between Sun Microsystems and Google over a Java license for Android has put Google in the hotspot. Google says it had rejected a $100 million java deal from Sun in a patent trial. However Oracle, which acquired Sun Microsystems, seeks as much as $6.1 billion in damages from Google in a lawsuit that claims Android software uses technology that infringes on Oracle’s patents.

With the hottest tech start-up market in recent times, Google plans to commit $200 million to venture funding this year in the hopes of striking it big with Google Ventures, its investment arm. With one of its investments, Ngmoco, being acquired for up to $400 million, another, HomeAway, being positively received at the Wall Street, and a third, Silver Spring Networks, having filed to go public, it seems to be drawing up all the right “algorithms.” Larry Page, founder of Google has reportedly told Bill Maris, managing partner of Google Ventures, "Do as much as you can, as fast as you can in as big and disruptive a way as possible."


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