They say there’s not supposed to be much M&A action the week of Christmas, but Salesforce apparently didn’t get the memo, picking up quote-to-cash vendor SteelBrick today for $360 million. According to the 8-K form Salesforce filed with the SEC, the deal is for $360 million in stock, not including the company’s investment in SteelBrick or the $60 million it has in… Read More
from TechCrunch
After years of ridiculing the cloud, Oracle has been taking it a lot more seriously recently, and it quietly purchased StackEngine last Friday as part of an effort to boost its Platform as a Service offerings.
StackEngine, which is based in Austin, Texas had a very brief announcement on its website linking to Oracle.com. It simply stated that the database giant had purchased the… Read More
from TechCrunch
Gojimo, an app that helps U.K. high school students prepare for exams, has picked up a further $1.8 million in funding, bringing total raised by the 2013-founded startup to just over $3 million. Read More
from TechCrunch
One year old HomeTouch, which has just picked up additional undisclosed funding from Passion Capital, operates a home care marketplace to let families with elderly parents and others needing “care” to find a vetted carer local to them. Read More
from TechCrunch
India’s transportation app future isn’t just about Uber and billion-dollar homegrown rival Ola. That’s because Shuttl, an eight-month-old startup that provides air-conditioned minibuses, just raised $20 million from Lightspeed, Sequoia and Times Internet to develop its technology and expand its service. Read More
from TechCrunch
Uber China, Uber’s independent business in China, has announced this morning that it has taken a strategic investment from Chinese automaker GAC Group. Read More
from TechCrunch
We’re hearing a lot of chatter that Foursquare is in the process of raising a new fundraising round that will be a down round. The exact dollar value of what the company is raising, as well as the exact valuation of the round, couldn’t be learned but either way the company is looking at another haircut to its valuation. One source tells us that Microsoft, which participated in… Read More
from TechCrunch
Lyft has authorized a Series F round in which it could raise as much as $1 billion, according to a report by Bloomberg, citing a Delaware state filing. We hear that Credit Suisse is running the fundraise — the big banks are getting involved with some of these large rounds, sorting everything out amongst the many investors. Goldman has been handling Uber’s mega-rounds,… Read More
from TechCrunch
Microsoft is buying Talko, the mobile messaging startup founded by Ray Ozzie, Microsoft’s former Chief Software Architect until 2010. The company says today the acquisition, whose terms were not disclosed, involves the Talko technology and the team. Talko employees will now join Skype, while Talko itself is being shut down. Ozzie, however, will not be rejoining Microsoft as a part of… Read More
from TechCrunch
2015 was not a good year for IPOs. In fact, it was the worst year for tech IPOs since the financial crisis in 2009, with more and more startups opting to remain private longer. Stock market swings stemming from an oil crisis and a delayed interest rate decision meant that some companies in the pipeline decided to postpone their IPO until 2016. “Investors in the market were looking… Read More
from TechCrunch