Category: SaaS
The accelerating digital transformation, redux
Earlier this week, TechCrunch covered a grip of earnings reports showing that some companies helping other businesses move to modern software solutions are seeing accelerated growth. Inside the Software as a Service (SaaS) world, this is known as the digital transformation. Based on how many software companies are talking about…
Read More
The IPO window is open
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. ZoomInfo went public yesterday. After pricing its IPO $1 ahead of its proposed range at $21 per share, the company closed its first day’s trading worth $34.00, up 61.9%, according…
Read More
Ethena raises $2 million in seed funding for smarter anti-harassment software
Corporate harassment training is often defined by mandatory annual workshops, stock photo-ridden curricula and, often, outdated scenarios. Harvard graduates Roxanne Petraeus and Anne Solmssen think there’s a business in doing better than that. The duo co-founded Ethena, a software-as-a-service startup that sells anti-harassment training software that is more comprehensive and…
Read More
Slack drops 10%+ after its revenue growth, guidance fails to impress
Today Slack reported its earnings results for the three months ending April 30, 2020, the first quarter of its fiscal 2021. The well-known SaaS chat service posted revenue of $201.7 million, up 50% compared to its year-ago period. Slack also reported an adjusted per-share loss of $0.02, and per-share losses…
Read More
SaaS earnings rise as pandemic pushes companies more rapidly to the cloud
As the pandemic surged and companies moved from offices to working at home, they needed tools to ensure the continuity of their business operations. SaaS companies have always been focused on allowing work from anywhere there’s access to a computer and internet connection, and while the economy is reeling from…
Read More
NetApp to acquire Spot (formerly Spotinst) to gain cloud infrastructure management tools
When Spotinst rebranded to Spot in March, it seemed big changes were afoot for the startup, which originally helped companies find and manage cheap infrastructure known as spot instances (hence its original name). We had no idea how big at the time. Today, NetApp announced plans to acquire the startup.…
Read More