Stratoscale, a startup that gives enterprises AWS-compatible environments inside their data centers, has acquired Tesora, a database-as-a-service company that runs on top of the OpenStack platform and that allows its customers to choose between 16 of the most popular databases. Both companies declined to discuss the financial details of the acquisition. According to Crunchbase, Tesora had raised… Read More
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Some chopping and changing is afoot in the world of payments in Europe. Today, Klarna, the startup out of Sweden that works with merchants to enable quick payments on site, confirmed that it has acquired BillPay, a payments company based in Germany, from its previous owner Wonga, the startup that once achieved notoriety for predatory payday loans. The companies are not disclosing the value… Read More
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In what is being billed as a “multi-million pound” acquisition, San Francisco-headquartered Nextdoor is purchasing the “assets” of U.K. local social network Streetlife. Read More
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Google will sell its Terra Bella business, which includes a group of SkySat Earth imaging satellites, to Planet Labs, the companies confirmed on Friday after TechCrunch’s Ingrid Lunden first reported that a deal was going down on January 25. Google’s space-high view of the world in its mapping software isn’t going anywhere, however – Google will continue to license… Read More
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Slowing growth, huge losses, and no shareholder control could make Snap Inc’s IPO a perilous gamble for investors. What it does have going for it is an addicted user base, fast-growing revenues, and a visionary CEO. Read More
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The dating game sure is tough to maintain. Zurich-based dating app Blinq has been acquired by a Swiss outdoor advertising firm, APG|SGA, with the latter coveting the team’s experience in rolling out beacon networks for a new division that will be developing interactive ads. Read More
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Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials. And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership percentages. We also know the pre-IPO values of… Read More
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Most of today’s Snap coverage will be about its revenue and daily average usage numbers, but there was one small tidbit that emerged which will mean big business for the company’s cloud infrastructure partner, Google. In Snap’s S-1 filing, the company announced a license platform agreement it struck with Google for its cloud infrastructure services. Under the terms of… Read More
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Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that at the end of 2016 the company had 158 million daily active users who… Read More
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Billionaire entrepreneur Mark Cuban spoke on stage at the Upfront Summit in Los Angeles on Thursday, where he voiced concern about the lack of tech IPOs recently. “I don’t understand the reticence to going public,” he said. “It’s just plain stupid.” After a slow 2016, there have yet to be any tech IPOs in 2017. AppDynamics was supposed to debut in January… Read More
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