Enterprise

Vector Capital Officially Sells Saba Software For $1.295 Billion To Cornerstone OnDemand (CSOD)

By Amit Chowdhry ● Apr 23, 2020

Leading private equity firm Vector Capital has announced the successful sale of cloud-based talent management software company Saba Software to Cornerstone OnDemand.

Walmart (WMT) Hires William White As Chief Marketing Officer

By Annie Baker ● Apr 22, 2020

Walmart Inc (NYSE: WMT) has named former Target senior vice president William White as its chief marketing officer (CMO).

How Harvard Medical School Professor Timothy Springer Made Hundreds Of Millions As An Investor

By Amit Chowdhry ● Apr 22, 2020

Harvard Medical School professor Timothy Springer has seen a 17,000% return by investing early in Moderna.

Alphabet (GOOGL): Free Ad Listings To Be Offered On Google Shopping Starting This Month

By Amit Chowdhry ● Apr 22, 2020

Alphabet Inc (NASDAQ:GOOGL) is offering sellers an option to list ads for free through the Google Shopping platform.

Zoom Video (ZM) Releasing Update With Better Encryption Levels

By Amit Chowdhry ● Apr 22, 2020

Zoom Video Communications Inc (NASDAQ: ZM) announced it is rolling out new encryption features for its video conferencing app.

Home Equity Financing Company Noah Secures $150 Million

By Amit Chowdhry ● Apr 22, 2020

Modern finance company Noah (formerly Patch Homes) announced it has secured $150 million in funding to transform home equity financing and help struggling homeowners.

Website Deployment Company Vercel (Formerly Zeit) Raises $21 Million

By Dan Anderson ● Apr 22, 2020

Vercel (formerly known as Zeit) -- a startup founded by the creators of the Next.js web framework -- announced it has raised $21 million series A funding led by Accel.

Nordstrom (JWN) Outlines Environmental Initiatives

By Amit Chowdhry ● Apr 22, 2020

Nordstrom, Inc. (NYSE: JWN) has announced its sustainability plans, which is focused on three main areas: climate change, the environmental impact of its merchandise and services, and circularity (recycling).

Why Medallia (MDLA) Is Buying Voci Technologies For About $59 Million

By Amit Chowdhry ● Apr 22, 2020

Medallia, Inc. (NYSE: MDLA), a global leader in experience management, announced it entered into a definitive agreement to buy real-time speech to text platform Voci Technologies.

Merchants Fleet Raises $50 Million In Growth Financing From Bain Capital Credit

By Dan Anderson ● Apr 22, 2020

Fleet management company Merchants Fleet announced it secured $50 million from Bain Capital Credit.

Microsoft (MSFT) Hires Tom McGuinness As Global Healthcare Head

By Annie Baker ● Apr 22, 2020

Microsoft Corporation (NASDAQ: MSFT) announced it has hired Tom McGuinness as the Corporate Vice President of its Global Healthcare division.

Atos Buys Data And Science Company Miner & Kasch

By Noah Long ● Apr 22, 2020

Digital transformation leader Atos announced it has acquired Miner & Kasch -- which is an artificial intelligence and data science consulting firm based in Elkridge, Maryland.

Expedia Group (EXPE) Reportedly In Talks To Sell Stake To Private Equity Firms

By Amit Chowdhry ● Apr 22, 2020

Online travel booking service Expedia Group Inc (NASDAQ: EXPE) is in advanced talks to sell a stake to private equity firms Silver Lake and Apollo Global.

Facebook Is Investing $5.7 Billion In India-Based Jio

By Amit Chowdhry ● Apr 22, 2020

Facebook has become Jio's largest minority shareholder by spending $5.7 billion for a 9.99% stake in the company.

Audio Out-Of-Home Ad Company Vibenomics Raises $6 Million

By Annie Baker ● Apr 21, 2020

Vibenomics, a location-based audio out-of-home ad and experience company, announced it raised $6 million in Series A funding.

Cloud Management Company Env0 Raises $3.3 Million

By Dan Anderson ● Apr 21, 2020

Env0, a developer of Infrastructure-as-Code (IaC) management software, announced it raised $3.3 million.

Rockwell Automation Announces $400 Million Term Loan

By Noah Long ● Apr 21, 2020

Rockwell Automation, Inc. (NYSE: ROK) announced that it entered into a $400 million 364-day term loan agreement.

Marketing Data Intelligence Company Adverity Raises $30 Million

By Dan Anderson ● Apr 21, 2020

Adverity, a leading marketing data intelligence company, announced a Series C financing round of $30 million.

Training Platform Company Hone Raises $2.75 Million

By Annie Baker ● Apr 21, 2020

Hone, a popular training platform for modern teams, announced it raised a $2.75 million seed extension round.

Analyst: Netflix (NFLX) Stock ‘Looks Quite Attractive’

By Amit Chowdhry ● Apr 21, 2020

Netflix Inc (NASDAQ: NFLX) recently reported its earnings. In the earnings report, the streaming giant announced an increase of 15.8 million paid subscribers.

Event Streaming Platform Confluent Raises $250 Million

By Amit Chowdhry ● Apr 21, 2020

Event streaming platform company Confluent announced it closed a $250 million Series E round led by Coatue Management.

ForgeRock: $100 Million ARR And $93.5 Million Funding

By Amit Chowdhry ● Apr 21, 2020

ForgeRock, the leading provider in digital identity, announced that it has completed a $93.5 million Series E round of funding. And it is now hitting $100 million in ARR.

Why Morningstar Is Buying Sustainalytics

By Amit Chowdhry ● Apr 21, 2020

Morningstar, Inc. (NASDAQ: MORN) -- a leading provider of independent investment research -- announced it has reached an agreement to buy Sustainalytics.

SAP Co-Chief Executive Officer Christian Klein To Be Sole CEO As Jennifer Morgan Departs

By Amit Chowdhry ● Apr 21, 2020

SAP SE (NYSE: SAP) has announced that Christian Klein, Co-Chief Executive Officer and member of the Executive Board, will now be the sole CEO of the company.

Collaborative Knowledge Platform Guru Raises $30 Million

By Annie Baker ● Apr 21, 2020

Philadelphia-based Guru announced it has raised $30 million in Series C funding led by Accel.

Walmart Selling Vudu To Fandango

By Annie Baker ● Apr 21, 2020

Retail giant Walmart announced it is selling on-demand streaming service Vudu to Fandango.

Wayfair Names Jim Miller As Chief Technology Officer

By Noah Long ● Apr 21, 2020

Home goods e-commerce company Wayfair Inc (NYSE: W) announced it named Jim Miller as Chief Technology Officer, making permanent a role he has held on an interim basis since August 2019.

Small Business Resources Service Ureeka Raises $8.6 Million

By Amit Chowdhry ● Apr 21, 2020

Ureeka, a community and platform that connects Next Wave Entrepreneurs to the human, financial, and technological capital, announced it has raised $8.6 million in funding.

Francisco Partners Planning To Raise $8 Billion Across Two Funds

By Amit Chowdhry ● Apr 20, 2020

Private equity firm Francisco Partners is planning to raise $8 billion across two funds: Francisco Partners Agility II, L.P. ($1.35 billion) and Francisco Partners VI, L.P. ($6.6 billion).

Report: Apollo Preparing Rackspace IPO At A Value Of Over $10 Billion

By Amit Chowdhry ● Apr 20, 2020

Apollo Global Management has reportedly registered Rackspace for an initial public offering (IPO), which would value the cloud services company at over $10 billion.