Salesforce to acquire Tableau for $15.3 bn
Salesforce.com Inc on Monday decided to buy big data firm Tableau Software Inc for $15.3 billion, the biggest acquisition in the company’s history. Seattle-based Tableau has more than 86,000 customers, including tech heavyweights such as Verizon Communications and Netflix. As part of the all-stock deal, Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share, representing a premium of 42% to Tableau’s Friday closing price. This comes on the heels of Google buying analytics startup Looker last week for $2.6 billion.
CISCO Report Forecasts 94% workloads will be processed in-cloud by 2021
The Cisco Global Cloud Index made several forecasts. Significantly on the SAAS front, By 2021, 94 percent of workloads and compute instances will be processed by cloud data centers and 75 percent of the total cloud workloads and compute instances will be Software-as-a- Service (SaaS), up from 71 percent in 2016.
SaaStr’s Most Respected Leaders Awards 2019: The Top Five
SaaStr named its Most Respected Leaders of 2019. They are the most popular CEO, COO’s and Presidents that spoke at SaaStr Annual 2019. The decisions were based on popularity, through speaker views and likes, session bookmarks and ratings. The list included : Sallie Krawcheck, Ellevest Co-Founder/CEO, Claire Hughes Johnson, Stripe COO, Ryan Smith, Qualtrics Founder/CEO, Dave Kellogg, former Host Analytics Co-Founder/CEO, and Brian Halligan, Hubspot Founder/CEO.
JumpCloud Raises $50M in Funding
JumpCloud, a Boulder, Colo.-based SaaS platform that centralizes and simplifies identity management, raised $50m in funding. Backers included General Atlantic, and existing investors Foundry Group and OpenView Partners. As part of the investment, Gary Reiner, Operating Partner with General Atlantic since 2010, is joining JumpCloud’s Board of Directors.
India sees a 43% growth in B2B startups, attracts $3.7Bn in investments
B2B startups jumped four times from 800 in 2014 to 3,200 in 2018 attracting $3.7 billion in investments, up from $797 million in 2014 – says a report. The report found that 70 percent of these startups are in the space of enterprise tech (41 percent), fintech (19 percent) and healthtech (9 percent).
Andreessen Horowitz Closes Two Funds Totaling $2.75 Billion
A16Z raised two new funds – Fund VI of $750mn focused on early-stage enterprise, consumer and fintech companies, and LSV Fund I, a $2 billion fund for late-stage investments. A16Z typically bets big on entrepreneurs who move fast and think big with disruptive ideas and provides them with expertise in innovation, market intelligence and brand building, besides capital.
SalesLoft nabs $70M at around $600M valuation
SalesLoft has raised $70 million for its sales engagement platform, in a Series D round of funding, reports TechCrunch. It was led by Insight Partners with participation from HarbourVest. SalesLoft’s current valuation is likely to be at around $600 million, a source close to the company noted. Its biggest differentiating factor amongst a host of competing products, is perhaps its deep integration with LinkedIn, one of its investors in an earlier round.