Friday, July 1, 2016

TechFlash: Microsoft CEO on Brexit; Amazon goes after Starbucks

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TechFlash: Seattle's Technology News Source

Microsoft CEO on Brexit vote: 'We're going to continue to invest'

Microsoft has more than 3,000 employees in six U.K. offices, and the country accounts for 7 to 8 percent of Microsoft's revenue. Microsoft won't let the Brexit vote impact investments in the U.K. and won't remove jobs from the country, the company's CEO said this week.

Amazon goes after Starbucks with private-label coffee

Taking on Seattle's coffee giant, Amazon this week began selling ground and whole bean coffee under its new Happy Belly private label.

Airbnb opens Seattle engineering office run by former Amazon, Facebook execs

Former Amazon and Facebook executives will run Airbnb's new Seattle office, which already has five employees in the city.

UW CoMotion to open virtual reality, augmented reality workspace

The University of Washington's CoMotion commercialization program will launch a third location in August. The new spot will include space for VR and AR startups.

Avalara CEO: An IPO is 'one of the options' for the company

Avalara CEO Scott McFarlane said launching an IPO is an option for the well-funded company, but doesn't have concrete plans to do so.

Seattle's Axon to supply L.A. police with 6,000 bodycams as part of a $28M contract

Axon, the Seattle-based division of Taser that sells body-worn cameras, will supply more than 6,000 of them to the Los Angeles Police Department as part of a $28 million contract.

Acquisition of Bothell insurance tech company Vertafore closes

Bain Capital Private Equity and Vista Equity Partners have closed their acquisition of Vertafore, the insurance technology company based in Bothell.

National Tech News

Zenefits CEO cuts deal with investors to avoid litigation, slash valuation

Is Apple abusing its app approval process to harm streaming competitor Spotify?

Lyft, Hertz expand partnership in S.F. amid sale rumors

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