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Virtuzone, one of the most dynamic and fastest growing company set-up operators in the region, announced it has acquired Evolved Digital, a digital media production and consultancy company, specialized in digital media production for web, mobile and digital signage, business process automation and CRM services using the Salesforce platforms.

Facebook's acquisition of Instagram will be investigated by the Office of Fair Trading (OFT) over concerns the social network will stop competition by preventing Instagram users from uploading pictures to other social media sites. The parties involved have until 5 July to submit relevant comments and queries to the UK competition authority. In the US, the Federal Trade Commission is also investigating the deal, with similar concerns about its implications on competition.