Enterprise

David M. Solomon On How Goldman Sachs Adapted To The New Operating Environment

By Amit Chowdhry ● May 21, 2020

David M. Solomon, Chairman & CEO at Goldman Sachs Group Inc (NYSE: GS), recently participated in an interview with Lance Uggla, chairman and CEO, IHS Markit (NYSE: INFO). Here's what they said.

Customer-To-Customer Platform Bevy Raises $15 Million

By Noah Long ● May 21, 2020

Bevy, an enterprise-grade Customer-to-Customer (C2C) platform, announced it raised $15 million in Series B funding.

Microsoft Unveils Supercomputer For OpenAI And Buys Softomotive

By Noah Long ● May 21, 2020

Microsoft recently announced it acquired robotic process automation (RPA) startup Softomotive. And the company also unveiled that it launched a supercomputer for OpenAI.

EHS Software Platform Encamp Raises $3.1 Million

By Annie Baker ● May 21, 2020

Encamp — an environmental, health, and safety (EHS) software platform — announced it raised $3.1 million in Series A funding.

Client-Side Web Security Company Source Defense Raises $10.5 Million

By Dan Anderson ● May 21, 2020

Source Defense, a market leader in client-side web security, announced it raised $10.5 million in Series A+ funding.

Experience Analytics Company Contentsquare Raises $190 Million

By Annie Baker ● May 20, 2020

Experience analytics leader Contentsquare announced it raised $190 million in Series D funding.

Financial Tech Company Brex Raises $150 Million

By Amit Chowdhry ● May 19, 2020

Brex announced it raised $150 million in funding from Lone Pine Capital and a group of existing investors led by DST.

Walmart (WMT) Beats Wall Street Expectations, Jet.com Shutting Down

By Amit Chowdhry ● May 19, 2020

Today Walmart revealed its quarterly earnings and it beat Wall Street expectations. Plus the company said it was shutting down Jet.com.

Kevin Mayer Named As TikTok CEO And ByteDance COO

By Amit Chowdhry ● May 19, 2020

Kevin Mayer, Chairman of Direct-to-Consumer and International at The Walt Disney Company, resigned from the media giant to become CEO of TikTok and COO of TikTok's parent company ByteDance.

Square (SQ) Now Offering Option To Permanently Work From Home

By Dan Anderson ● May 19, 2020

Square CEO Jack Dorsey announced that company employees will be offered an option to permanently work from home.

Hertz Global (HTZ) Names Paul Stone As CEO

By Noah Long ● May 18, 2020

Today Hertz Global Holdings Inc (NYSE: HTZ) announced it named Paul Stone as chief executive officer.

Curtiss-Wright (CW) Prices Its $300 Million Debt Offering

By Dan Anderson ● May 18, 2020

Curtiss-Wright Corp. (NYSE: CW) has announced it priced a private placement debt offering of $300 million for senior notes,

Why Accenture (ACN) Is Buying Byte Prophecy

By Amit Chowdhry ● May 18, 2020

Accenture Plc (NYSE: ACN) announced it has acquired Byte Prophecy, which is an automated insights and big data analytics company based in Ahmedabad, India.

SoftBank Group (SFTBY): Alibaba Co-Founder Jack Ma Stepping Down From Board

By Amit Chowdhry ● May 18, 2020

Alibaba co-founder Jack Ma is stepping down from the SoftBank Group Corp (OTCMKTS: SFTBY) board of directors.

EIG Global Energy Partners Announces $1.1 Billion Global Project Fund V

By Amit Chowdhry ● May 18, 2020

EIG Global Energy Partners (EIG) announced the successful final close of EIG Global Project Fund V (GPF V) with total commitments of $1.1 billion.

Jio Platforms Now Valued At About $68 Billion Following General Atlantic Investment

By Dan Anderson ● May 17, 2020

General Atlantic is investing around 66 billion rupees ($873 million) in Reliance Industries Limited (NSE: RELIANCE) subsidiary Jio Platforms.

Italian PM Giuseppe Conte Says Fiat Chrysler (FCAU) Eligible For State-Backed Loan

By Amit Chowdhry ● May 17, 2020

Fiat Chrysler Automobiles NV (NYSE: FCAU) is entitled to apply for Italian state-backed loans, according to Prime Minister Giuseppe Conte.

Why Cyberark Software Is Buying Idaptive For $70 Million

By Amit Chowdhry ● May 16, 2020

Privileged access management company Cyberark Software Ltd (NASDAQ: CYBR) announced it has acquired IDaptive Holdings.

Dynamic Adaptive Risk Company Deep Labs Raises $16 Million

By Dan Anderson ● May 16, 2020

Deep Labs, a leader in AI and the creator of patented persona-based context-aware decisioning and risk systems, announced it raised $16 million.

Criteo (CRTO) Appoints Dave Anderson As Interim Chief Financial Officer

By Amit Chowdhry ● May 15, 2020

Retargeting ad company Criteo SA (NASDAQ: CRTO) announced it has appointed Dave Anderson as interim Chief Financial Officer for a six-month engagement in replacement of Benoit Fouilland.

Why Goldman Sachs (GS) Is Buying Folio

By Amit Chowdhry ● May 15, 2020

Goldman Sachs Group Inc (NYSE: GS) announced it is buying wealth management company Folio Financial. These are the details about the deal.

DigitalOcean: $50 Million Funding, $1.15 Billion Valuation, $300 Million ARR

By Amit Chowdhry ● May 15, 2020

DigitalOcean, a cloud for developing modern apps, announced it raised $50 million in Series C funding at a valuation of $1.15 billion.

Why VMware (VMW) Is Buying Octarine

By Amit Chowdhry ● May 15, 2020

VMware, Inc. (NYSE: VMW) recently announced its intent to buy Octarine in order to extend VMware’s intrinsic security capabilities for containers and Kubernetes.

MTS Systems (MTSC) Names Randy Martinez As Interim CEO

By Amit Chowdhry ● May 15, 2020

MTS Systems Corporation (NASDAQ: MTSC) announced that its Board of Directors has unanimously elected Randy Martinez as Interim President and Chief Executive Officer.

Nuance Communications (NUAN) Appoints Diana Nole As EVP And GM Of Healthcare Business

By Amit Chowdhry ● May 15, 2020

Nuance Communications Inc. (NASDAQ:NUAN) has announced its appointment of Diana Nole to Executive Vice President and General Manager of the company's Healthcare business.

Kustomer Buying Reply.ai: Details About The Deal

By Dan Anderson ● May 15, 2020

Omnichannel SaaS platform company Kustomer announced it signed an agreement to buy Reply.ai. These are the details about the deal.

Why Microsoft (MSFT) Is Buying Metaswitch Networks

By Amit Chowdhry ● May 15, 2020

Microsoft Corporation (NASDAQ:MSFT) has announced a definitive agreement to buy Metaswitch Networks. These are the details about the deal.

Process Discovery Company FortressIQ Secures $30 Million

By Annie Baker ● May 14, 2020

FortressIQ, a company delivering human-level observability into the processes behind every strategic business initiative, announced it raised $30 million.

Maintenance Management Company UpKeep Raises $36 Million

By Dan Anderson ● May 14, 2020

Maintenance management company Upkeep has announced it has raised $36 million in Series B funding.

Salesforce.com (CRM): Gavin Patterson Promoted To President And Chief Revenue Officer

By Amit Chowdhry ● May 13, 2020

CRM leader Salesforce.com, Inc. (NYSE:CRM) announced it has appointed Gavin Patterson as President and Chief Revenue Officer.