Breaking News

Tweet TWEET

PR Newswire's Business Technology Round-up, 20th November 2012

        PR Newswire's Business Technology Round-up, 20th November 2012

  PR Newswire

  LONDON, November 20, 2012

LONDON, November 20, 2012 /PRNewswire/ --

Quanta announces telecoms sale, Urbanspoon app bolsters international offering
and eLearning value set to soar 

US infrastructure services company Quanta Services has signed an agreement
with telecoms experts Dycom Industries, with a view to selling its lucrative
telecommunications subsidiaries.

The deal will be worth approximately $275million, transferring all of Quanta's
telecoms subsidiaries to Dycom by the end of the year. The sale is part of
Quanta's efforts to refocus on its core energy business, with the bulk of the
proceeds being used to fund new electric power and pipeline infrastructure
projects. According to Quanta CEO Jim O'Neil, "This transaction enables Quanta
to further strategically focus on energy infrastructure markets", which he
believes will become a major source of revenue for the company in the coming
months.

Popular iPhone app developerUrbanspoon has significantly bolstered its
international offering this week, after it announced a number of strategic
partnerships with online restaurant booking services Livebookings and Dimmi.

The new partnerships allowUrbanspoon customers to access more than 7,000
restaurant locations across the globe, including 2,000 options in the Irish
Republic. Already offering comprehensive reviews and extensive restaurant
information, users will now be able to make reservations directly through the
Urbanspoon mobile application, in a move designed to simplify and enhance the
end user experience.

The Urbanspoonapp has proven to be something of a phenomenon since its launch
just a few years ago, with the company now seating over 2 million diners a
month in the US alone. Urbanspoon SVP Kara Nortman enthused over the new
partnership, noting that "partnering with great companies, like Dimmi and
Livebookings, extends our reservation coverage to millions of Urbanspoon
diners internationally".

According to a new study by online market research firm Global Information
Inc , the eLearning and online private tutor markets are set to explode over
the next few years. The market for eLearning alone is set to be worth
$169billion by 2018.

The rapid uptake of eLearning systems by educational institutions across the
globe is said to be the main driving force behind this staggering rise in
value, on top of increasing demand from companies who are looking to educate
their employees online.

The online private tutoring sector is also predicted to swell over the next
six years, with unprecedented demand for tutors in Asia and Eastern Europe
contributing to a total market value of $102.8billion by 2018.

Follow  PR Newswire  on Twitter

Keep up-to-date with the latest sector-specific news headlines by following PR
Newswire's Twitter accounts:

Consumer Finance Manufacturing Sports Business Energy Health Multi-cultural
Technology Business technology Environment Media Public policy Transport

About PR Newswire

PR Newswire is the premier global provider of multimedia platforms that enable
marketers, corporate communicators, sustainability officers, public affairs
and investor relations officers to leverage content to engage with all their
key audiences. Having pioneered the commercial news distribution industry 58
years ago, PR Newswire today provides end-to-end solutions to produce,
optimize and target content - from rich media to online video to multimedia -
and then distribute content and measure results across traditional, digital,
mobile and social channels. Combining the world's largest multi-channel,
multi-cultural content distribution and optimization network with
comprehensive workflow tools and platforms, PR Newswire enables the world's
enterprises to engage opportunity everywhere it exists. PR Newswire serves
tens of thousands of clients from offices in the Americas, Europe, Middle
East, Africa and the Asia-Pacific region, and is a UBM plc company.