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Mainframe Industries, a new, Reykjavik-based but pan-Nordic gaming company, has raised €2m (~$2.2m) in seed funding to build what they describe as “the first MMO specifically developed for cloud platforms.” “The creative and business opportunity that cloud gaming brings to social and immersive online games is unlike anything we’

Icelandic software company Men&Mice has been acquired by private equity fund SÍA III, which is managed by Stefnir. The acquisition price remains undisclosed. New Business Venture Fund and other investors are the sellers. The company was founded in 1990 by Petur Petursson and Jon Georg Adalsteinsson. The New

Today, Þórdís Kolbrún Reykfjörð Gylfadóttir, the minister for tourism, industry, and innovation, formally opened Work in Iceland, a “one-stop shop to provide comprehensive information about the job market in Iceland, to help foreign experts move to Iceland for work.” Work in Iceland is a collaborative project between Promote Iceland, Federation

In today’s multi-media content driven world, kids of all ages are exposed to sound all the time, more often than not viewing or listening with headphones. This led to a considerable amount of kids developing hearing issues due to the high volume possible through the headphones This, in part,