News For Week of June 30: Trent Telford Founder of Cocoon Data Holdings Limited Announced Prime Metals Will Acquire Them for $53M

Check out Founders Network members making headlines in this week’s member news roundup. Founders Network offers peer mentorship for over 500 tech startup founders. To learn more about FN, please visit www.foundersnetwork.com

Trent Telford, Founder of Cocoon Data Holdings Limited announced Prime Metals will acquire them for $53M in an all-stock transaction (via Jerin Mathew, International Business Times). Cocoon Data Holdings Limited develops high grade data security software for encryption, access control and audit of files across the internet.

Becky Splitt & Christopher Klundt‘s startup, StudyBlue, raised $1.7M in funding (via Jeff Engel, Xconomy). StudyBlue helps students learn better, learn together, and get smarter.

Solomon Hykes‘ startup dotCloud was featured in Gigaom for using open-source ideals and excellent timing to become a cloud darling (via Jonathan Vanian). dotCloud makes it incredibly easy for developers to deploy and scale their applications by combining powerful, ready-to-use cloud services.

Matt Howard, Founder of EatStreet announced their new partnership with Yelp (via PR Newswire). EatStreet is a rapidly expanding online and mobile food ordering service that connects over 10,000 restaurants with diners in over 1,100 cities nationwide.

Blazej Marciniak & Marek Ciesla, Founders of sher.ly were featured in VentureBeat for their plans to destroy cloud storage syncing (via Eric Blattberg). sher.ly is fast, simple & secure file collaboration.

John Gibbons, Founder of NeonGrid announced they are offering an IMDb-esque directory for web videos (via Billy Steele, engadet). NeonGrid is a platform that empowers content creators to tag credits to their works posted to the web.

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