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Business & Tech

Google Kills Buzz After Extraordinary Week; Real-Time Gunfire Location Alert for Cops

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.

Two days after Internet search engine Google financial results, the company announced it would shutdown Google buzz, the ill-fated and controversial attempt at social networking. They will "focus instead on Google+." Google's stock rose 6 percent on Friday and finished several points shy of $600 per share.

Leading public safety technology solution providers ShotSpotter and Data911 have partnered to deliver real-time gunfire location alert analysis solution to in-car mobile police systems. With the Cupertino gunfire incident still fresh, this new technology will provide patrol officers with actionable intelligence needed to respond faster and safer to gunfire incidents by delivering real-time, wide-area acoustic surveillance and gunfire location alert and analysis services.

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After raising $200 million in investments from a group of institutional investors including several mutual funds in June this year, digital coupon provider Coupons.com announced acquisition of Couponstar. A UK-based digital coupon company, Couponstar provides digital coupon solutions for fast moving consumer goods manufacturers and supermarket retailers across Europe. It'll change name to Coupons.com.

A potential 2012 IPO candidate, Coupons.com is valued at $1 billion.

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Strategies Unlimited, the research unit of PennWell Corporation in Mountain View, has forecast LED revenue to peak at $16.2 billion in 2014. According to the report, revenues for high-brightness LEDs grew by 108 percent to $11.2 billion in 2010.

It’s been a week of fund raising for two Mountain View-based companies. DNA data management and analysis platform DNAnexus secured $15 million in second-round funding, led by Google Ventures and TPG Biotech. Telecom start-up MATRIXX Software raised $12 million in venture capital funding, led by Innovacom and participation from Adams Street Partners.

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