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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M. Both Poghosyan and Gudanis have long histories in identity and access management, back in 2009 Poghosyan founded Advancive Technology Solutions, which was acquired by Optiv in 2015 to bulk up its identity access management service.
Even entrepreneurs that already sold on SaaS should stake note of new research from the SalientGroup : SaaS gets funded - Nearly 50% of SaaS-based startups are getting successfully funded—a rate of funding success no other sector can match. Overall, according to Gartner, the SaaS market will top $22 billion by 2015.
During the early 2000’s, my team grew the company to one of the largest SaaS businesses of its day, with sales of $70 million. In November of 2015, Citrix announced that it will spin out the “GoTo” Division, of which GoToMeeting remains the flagship product, as a standalone public company. I couldn’t spend money fast enough.
Los Angeles-based finance and accounting automation software developer BlackLine reports this morning that it added 393 new customers in 2015 and now has over 1300 customers around the world. The company said that among the new clients it added during the year were Houghton Mifflin Harcourt, Malaysia Airlines, Roku and Trivago.
Past investors also included Y Combinator, where GrubMarket was part of the Winter 2015 cohort), and for some more context, GrubMarket last raised money in April 2019 , $28 million at a $228 million valuation, a source says. “We had to limit our daily delivery volume in some regions, and put new customers on waiting lists.”
Invoca had grown steadily and consistently since 2009 and by 2015SaaS companies with scale had become hot – trading at a median of 7.3x Every VC who’s been the business for a long time realized first hand that the VC markets were changing rapidly as early as Q3 of 2015. Total customers grew 20% year/year.
The functions of an early-stage board are pretty obvious and well understood: Providing introductions to customers, biz dev partners, recruits, the press, other investors, etc. Over time you start to figure out who you customers are and how to sell to them or how to get them to adopt your products if you’re a consumer-oriented startup.
However, just as Uber pushed its way into recalcitrant East Coast cities because of intense customer demand, the TMP marshaled a critical mass of the University''s resources due to tireless student activism and the resoundingly positive feedback (and donor dollars) from the parents of TMP graduates.
The privately held firm did not disclose any financial details of the quarter, only saying that it increased Q1, year-over-year new customer wins by 100%, adding such customers as Coca-Cola Hellenic Bottling Company and Canadian transportation company Bison Transport. It says it now has more than 600 customers. READ MORE>>.
The company said it had record growth in 2015, and now has over 430 enterprise customers and more than 1 million users. Chrome River is backed by private equity investor Great Hill Partners, which invested $100M in the company in June of 2015. The company did not say what that translates to in terms of revenues.
Los Angeles-based Pipeliner CRM , the developer of customer relationship management software led by Nikolaus Kimla, has rolled out a new release of its CRM tools, which it says adds new data visualization capabilities. Actual revenue numbers were not detailed. READ MORE>>.
Along the way many things came together: being able to find the right people, getting great customers, having lots of luck, being in the right place at the right time. Most big companies initially rejected use of the cloud, just as they rejected SaaS solutions when we launched GoToMyPC in 2001. From day one we focused on customers.
We took it to the market in January of 2015. In our first year of selling, we brought on over 50 clients, and last year we had 170 customers, and we now have about 40 employees. He comes from a SaaS background, and enterprise software. From a revenue perspective, we've seen 300 percent, year-over-year growth.
Techstars Disney Accelerator class of 2015 was announced yesterday. Decisive is a Software as a Service (SaaS) platform that uses real time data to enable advertisers to optimize mobile ad creative and targeting based on user engagement. Techstars Disney Accelerator Class of 2015 appeared first on TechZulu.
Tealium, a San-Diego startup that provides online advertising tag management and marketing services for enterprise customers, has raised $35 million in a growth financing deal intended to expand its technology and market reach. We help our customers weave together all the data across all of their data streams,” Lunsford said.
All types of IT expertise will be needed at SaaS, IaaS, and PaaS providers as well as independent software vendors [ISVs],” he said. An IDC study commissioned on behalf of Microsoft has shown that cloud computing will be responsible for creating nearly 14 million new jobs between 2011 and 2015.
mPulse was formed in April of 2015, as a spinoff of a company called mobileStorm, which has been in mobile marketing and communications for the last fifteen years. It's a pretty diverse set of customers, who are all driven of our SaaS-based, contact engine we have created. What is mPulse?
More recently in 2015, Kiel helped launch Machine Shop Ventures, a venture capital fund that invests in early-to-growth stage companies with a global scope. Custom ad deals and partnerships. Upon the platform of the new Machine Shop, they have brought both their Creative Team and Management in-house to effectively drive innovation.
We manage user login so businesses can focus on core product and engage customers faster. Fun Fact: Preventing spreadsheet abuse since 2015 – one company at a time. SaaS for Cloud application lifecycle management. Toys, treats, and training guides customized for your puppy. Cirrus Identity. AngelList: [link].
Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. In those years I learned to properly build product, price products, sell products and serve customers. Until we weren’t.
It’s high time we kill the term Software As A Service (SaaS) and call it what it is – software. Even Salesforce abandoned it’s silly “No Software” tagline, after the company had to explain in 2015 that it meant, “No legacy software, just cloud software.”. You’re not a SaaS company, you’re a software company.
The final clip is Fred & I talking about whether “the best product wins” and my assertion that the bias in today’s Silicon Valley dominated tech world there is probably too much emphasis on tech at the expense of how to sell, implement and service customers. This works brilliantly.”
If one entered between 2009-2015 he or she is no doubt in the “hazard” phase where one need to be careful about thinking he know more about the industry than perhaps he do. It forces the founder to spend time in front of customers. It’s kind of a truism for life and certainly our industry. I see it in many young pups.
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