By now, Bill Gates' philanthropy efforts are well known, but the billionaire co-founder of Microsoft may have still managed to surprise a few people by promising to donate $10 billion (through the Bill and Melinda Gates Foundation) over the next decade to fund new vaccines to fight diseases in poor countries around the globe.
"We must make this the decade of vaccines," Bill Gates said at the press conference to announce the donation. "Vaccines already save and improve millions of lives in developing countries. Innovation will make it possible to save more children than ever before."
The $10 billion pledge comes in addition to $4.5 billion the foundation has already tossed towards the research, development, and launching of vaccines, CNet reports. With the $10 billion in additional funding, Gates believes there's a good shot at turning around the childhood mortality rate by the end of the decade.
"We've made vaccines our No. 1 priority at the Gates Foundation because we've seen first hand their incredible impact on children's lives," Melinda Gates added.
Governance, Risk, and Compliance (GRC) software vendor Lumigent on Tuesday announced it has closed a new round of funding worth $3 million courtesy of North Bridge Venture Partners. The company said it plans to use the new-found cash to accelerate its expansion.
"The audit and regulatory compliance burden on businesses contniues to grow, in an era of increased risk," said RedMon analyst James Governor. "Better business controls and governance processes are needed, but reactive, manual, and costly approaches dominate. AppGRC is designed for continuous audit, a more systematic approach to busienss systems compliance, with automated, policy-based reporting."
Lumigent kept busy in 2009 with the launch of its AppGRC for PeopleSoft Finance Management, which the company claims is the industry's first automated GRC control app. Lumigent also added new partners to the fold, including Deltek and BTRG, and 15 new AppGRC customers.
"For us, 2009 was a year of proof," said John H. Capobianco, president and CEO of Lumigent.