Enterprise

SaaS Ventures Launches Second Fund And Raises $20 Million In First Close

By Amit Chowdhry ● Sep 9, 2020

SaaS Ventures has launched a second fund (Fund II), which held an initial closing with $20 million of commitments.

Brightspark: Third Closing Of Fund At $60 Million

By Amit Chowdhry ● Sep 9, 2020

Brightspark Capital announced the third close of its new Brightspark Canadian Opportunities Fund (BCOF) with commitments of $60 million towards an ultimate fund size of $75 million.

TikTok Parent Company ByteDance Acquires UIPay

By Amit Chowdhry ● Sep 9, 2020

ByteDance -- the parent company of TikTok -- has acquired third-party payment company UIPay. These are the details.

Brazilian Fintech Neon Raises $300 Million

By Amit Chowdhry ● Sep 9, 2020

Leading Brazilian fintech Neon Pagamentos recently announced that it raised $300 million in a Series C led by General Atlantic. These are the details.

Why Dialpad Is Buying Video Conferencing Company Highfive

By Noah Long ● Sep 9, 2020

Dialpad — a cloud-native business communications platform company powered by Voice Intelligence — announced that it has acquired video conferencing company Highfive. These are the details.

BlackBerry (BB) Signs Notable Deal With StradVision

By Dan Anderson ● Sep 9, 2020

BlackBerry Ltd (NYSE: BB) (TSX:BB) recently announced StradVision will be utilizing the QNX Software Development Platform within a number of next-generation Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) from South Korean automakers.

Samsung Signs $6.65 Billion Deal With Verizon For 5G Networks

By Annie Baker ● Sep 9, 2020

Samsung has signed a $6.65 billion network deal with Verizon. These are the details.

Why Salesforce.com (CRM) Is Buying Mobify

By Amit Chowdhry ● Sep 8, 2020

Salesforce.com, inc. (NYSE: CRM) has signed a definitive agreement to buy Mobify. These are the details.

Owl Ventures Closes $585 Million In New Funds

By Amit Chowdhry ● Sep 8, 2020

Owl Ventures -- the largest venture capital fund in education technology -- recently announced that it closed $585 million across two new funds.

How T-Mobile (TMUS) Is Helping Millions Of Underserved Student Households

By Dan Anderson ● Sep 8, 2020

T-Mobile Us Inc (NASDAQ: TMUS) recently announced it has launched Project 10Million, which is a $10.7 billion initiative aimed at delivering internet connectivity to millions of underserved student households at no cost to them.

Patreon: $90 Million Funding, $1.2 Billion Valuation, $2 Billion For Creators To Date

By Amit Chowdhry ● Sep 7, 2020

Patreon announced this week that it has raised $90 million in a round of funding at a valuation of $1.2 billion. And the company has paid out $2 billion for creators to date.

Why Infosys (INFY) Is Buying Kaleidoscope Innovation For Up To $42 Million

By Dan Anderson ● Sep 7, 2020

Next-generational digital services and consulting company Infosys (NYSE: INFY) recently announced a definitive agreement to acquire Kaleidoscope Innovation. These are the details.

Why Episerver Is Buying Optimizely

By Dan Anderson ● Sep 7, 2020

Digital experience platform company Episerver announced that it has entered into a definitive agreement to acquire Optimizely. These are the detail.

SAP Supervisory Board Appointing Sabine Bendiek As Executive Board Member

By Annie Baker ● Sep 6, 2020

SAP SE (NYSE: SAP) recently announced that Microsoft Germany Management Board Chairwoman Sabine Bendiek has been appointed to join the SAP Executive Board as chief people officer and labor director in early 2021.

Coca-Cola Co (KO) Reveals Key Leadership Changes

By Amit Chowdhry ● Sep 6, 2020

Coca-Cola Co (NYSE: KO) recently announced several major leadership changes. These are some of the changes that were revealed.

Tanium: Former Ford CEO Mark Fields Joins Board

By Amit Chowdhry ● Sep 5, 2020

Tanium -- the provider of unified endpoint management and security built for the world's most demanding IT environments -- announced that former Ford Motor Company chief executive officer Mark Fields has joined the board of Tanium as its lead independent director.

Humana (HUM) Signs Deal With Salesforce (CRM) For Personalized Healthcare Initiative

By Amit Chowdhry ● Sep 5, 2020

Global CRM leader Salesforce (NYSE: CRM) has announced a multi-year agreement with Humana Inc. (NYSE: HUM) — which is a leading health and well-being company to deliver personalized healthcare experiences for its members.

FedEx (FDX) Is Hiring 70,000 Workers For ‘Unprecedented’ Holiday Shipping Season

By Annie Baker ● Sep 5, 2020

FedEx Corporation (NYSE: FDX) is ramping up for the high demand for holiday shopping. And the company is planning to hire as many as 70,000 seasonal workers.

eBay Partners With UPS For New Shipping Options

By Dan Anderson ● Sep 5, 2020

eBay Inc (NASDAQ: EBAY) is partnering with United Parcel Service, Inc. (NYSE: UPS) to offer more shipping options for eBay sellers.

Harry and Meghan Sign Major Deal With Netflix

By Amit Chowdhry ● Sep 4, 2020

Netflix (NASDAQ:NFLX) has reportedly signed a deal with the Duke and Duchess of Suffolk: Prince Harry and Meghan Markle.

Why EPAM Systems Is Buying Ricston

By Amit Chowdhry ● Sep 4, 2020

EPAM Systems, a leading global provider of digital platform engineering and software development services, announced recently that it acquired Ricston. These are the details.

Synopsys (SNPS) Appoints Jeannine Sargent To Board of Directors

By Amit Chowdhry ● Sep 4, 2020

Synopsys, Inc. (Nasdaq: SNPS) announced recently that it appointed Jeannine Sargent to its board of directors.

GM And Honda Sign Strategic Partnership

By Noah Long ● Sep 4, 2020

General Motors Company (NYSE: GM) and Honda Motor Co. (NYSE: HMC) recently signed a non-binding memorandum of understanding for establishing a North American automotive alliance.

Evogene (EVGN) Raises $10 Million In Equity Led Investment From ARK And Alpha Capital

By Amit Chowdhry ● Sep 3, 2020

Leading computational biology company Evogene Ltd. (NASDAQ: EVGN) (TASE: EVGN.TA) announced it has raised $10 million in equity led investment from ARK Investment Management and Alpha Capital Anstalt.

Remote Developer Platform Turing Raises $14 Million In Seed Funding Round

By Amit Chowdhry ● Sep 3, 2020

Turing.com — an automated platform that lets companies cut the time it takes to hire software engineers from months to days — announced recently that it raised a $14 million seed funding round.

Skillz To Go Public At $3.5 Billion Valuation Through Deal With Flying Eagle Acquisition (FEAC)

By Amit Chowdhry ● Sep 3, 2020

Skillz and Flying Eagle Acquisition Corp. (NYSE: FEAC), a publicly-traded special purpose acquisition company (SPAC) announced to a business combination that will result in Skillz becoming a publicly-listed company.

Auto Shop Software Company Shopmonkey Raises $25 Million

By Dan Anderson ● Sep 3, 2020

Shopmonkey — a software company that serves the automotive industry — announced that it has raised $25 million in Series B funding led by Bessemer Venture Partners.

Walmart Unveils Details About Walmart+ Subscription Service

By Amit Chowdhry ● Sep 2, 2020

Walmart recently announced details about its new membership program, which combines in-store and online benefits in order to save money for its customers.

ReliaQuest Raises More Than $300 Million In Growth Financing

By Dan Anderson ● Sep 2, 2020

ReliaQuest — an advanced cybersecurity managed service and intelligence platform for global enterprises — announced that it has raised more than $300 million.

Reid Hoffman, Mark Pincus, And Michael Thompson Looking To Raise $600 Million For SPAC

By Amit Chowdhry ● Sep 2, 2020

Reid Hoffman, Mark Pincus, and Michael Thompson have launched a new special purpose acquisition company (SPAC) called Reinvent Technology Partners.