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Dave Key and Technology Council of Southern California Virtually everyone agrees the SaaS market is growing incredibly quickly; Gartner predicted cloud growth would be 21% in 2011. IDC predicts SaaS growth at 25.3% CAGR through 2014.
Los Angeles, California, USA – March 23, 2016: Aerial view of the Hollywood sign at dusk in Los Angeles. Now, as the digital transformation movement continues to accelerate, DevOps teams are struggling with inadequate and inflexible security tools,” said Joshua Bixby, chief executive officer of Fastly, in a statement.
Dave Key and Technology Council of Southern California Virtually everyone agrees the SaaS market is growing incredibly quickly; Gartner predicted cloud growth would be 21% in 2011. IDC predicts SaaS growth at 25.3% CAGR through 2014.
Irvine-based cloud storage service provider Zadara Storage said Tuesday that it has seen record results in its fiscal 2016. The privately held firm did not disclose any financial figures, but said it saw 2.5X sales growth, 4X international sales, with about 40% of its revenue due to its "On Premise as a Service" service.
Irvine-based cloud storage service provider Zadara Storage said Tuesday that it has seen record results in its fiscal 2016. The privately held firm did not disclose any financial figures, but said it saw 2.5X sales growth, 4X international sales, with about 40% of its revenue due to its "On Premise as a Service" service.
Join local entrepreneurs, SaaS innovators, leading VCs, private equity/angel investors February 23 at the Recurring Revenue Conference, 8-5pm with cocktail reception after. Presented by Clear Capital Advisors.
Sutton Capital Partners is a technology investment banking firm and we are, investors in local SaaS/subscription companies and is well known as the host of the annual Recurring Revenue Conference. One area with headwinds are non-mission critical SaaS niche solutions showing slower growth.
Invoca had grown steadily and consistently since 2009 and by 2015 SaaS companies with scale had become hot – trading at a median of 7.3x Invoca was raising at the tail end of this market phenomenon at this time doing tens of millions in SaaS recurring revenue and growing at a nice clip. 2015 turned to 2016.
Motivated by the overarching mission to mitigate climate change events like wildfires, the Incline Village NV based startup has been drumming up a lot of attention throughout 2023 due to it's data-centric approach and it's software as a service (SaaS) payment model – which is unique for the ecological sector.
TechZulu is excited to invite you to the 2016 Startup and Entrepreneur Forecast taking place Thursday, February 11 from 7 p.m. We will have amazing panelists from Crosscut Ventures, Machine Shop Ventures, Techstars, and more to be announced soon who will share their insights and forecast for startups in 2016. Joe received his B.S.
I’m going through this situation now with the first investment that I ever made as a VC in Invoca – (Inbound voice call), a SaaS marketing automation company. Unless you’re SnapChat, Instagram or similar this is probably 3-5 years into your existence.
The company last raised a funding round back in 2016, which also was led by Goldman Sachs. The funding came from Carrick Capital Partners and Goldman Sachs Growth Equity. Mavenlink's round brings the Orange County's total funding to more than $111.5M.
PSG acquired its stake in LogicMonitorin 2016. According to the companies, PSG will retain a minority ownership stake in LogicMonitor after the majority acquisition. LogicMonitor is led by CEO Kevin McGibben.
The company was foudned in 2016, and says it is now used in more than 200 surgical facilities and 1,500 physician practices. According to the company, it develops software that breaks down communication barriers between surgery centers, physician offices, hospitals, anesthesiologist groups and medical vendors. READ MORE>>.
Chrome River shows up regularly on such growth rankings as the Deloitte Fast 500; the company also claimed record revenues for 2016 back in November of last year. It says it now has more than 600 customers. The company is backed by Great Hill Partners, which invested $100M in the company in 2015. READ MORE>>.
As we noted in our survey of more than 150 VCs we know in the industry, many saw drops in Q4 valuations last year with nearly all of them projecting decreases in 2016. It applies to all startups – not just SaaS. The days of easy money may be slowing down. And please consider reading Joseph’s article on TechCrunch.
The two said they will make Cornerstone's learning and performance management solution for small businesses, Cornerstone Growth Edition, available to ADP's clients in early 2016. The two have been working together since 2009 to make Cornerstone's larger, enterprise targeted offerings, available to ADP's larger customers.
In addition The Trade Desk, which went public in 2016, grew its market cap from just under $2 billion at the beginning of 2018 to slightly over $6 billion today. Prevoty was acquired by public company Imperva for $140M, and Rentlytics was acquired by public-company RealPage for $64 million.
In summary, it really has been an amazing year and we look forward to supporting additional compelling software companies in 2016. What are the technologies or things you think people out to watch in 2016? Over the course of the year our active portfolio companies received awards or recognition on over 35 separate occasions.
It's a pretty diverse set of customers, who are all driven of our SaaS-based, contact engine we have created. We are adding probably 25 new roles in 2016, so there is a big staffing exercise there, while we keep on maintaining our amazing culture, team, and brand. How did you get involved with the company? We're very sensitive to that.
qster, founded in 2016 to develop technology that enables individuals to aggregate and manage all of their own personal health information, emerged from stealth mode Wednesday.
I recently survey more than 150 VC friends from all stages and geographies what they thought about the market by asking “Which of the following statements best describes your mood heading into 2016?” As I’ve pointed out previously, this is perfectly captured by Joe Floyd here tracking SaaS multiples over time.
For starters – we all know the argument that more enterprises are buying SaaS software because it works more easily than on-premise software and that expectations set by our consumer lives to have software as easy and convenient as Amazon, Google or Facebook drives our business lives.
They've told their large enterprise customers they're sunsetting the product in 2016, and with that announcement, we've gotten a large number of their base evaluating our system. Simultaneously, IBM had a roduct, GERS--Global Expense Reporting System--and they just stepped out of the marketplace.
Tealium said its business grew by 60 percent in the first half of 2016, but the company did not disclose specifics about its revenue. “We We help our customers weave together all the data across all of their data streams,” Lunsford said.
We grew 100% in SaaS revenue year-over-year and 650% over the past three years. If that’s your end goal I couldn’t think of a better leader to take us to that conclusion and I think it could be in the next few years because SaaS companies capable of doing 9 figures of recurring revenue are few and far between.
That number is projected to GROW to 70 billion by 2016 (Source: BIA Kelsey). If you want to understand the power of how they’re built inbound call management into a SaaS category where they’re the market leader watch this one minute video. But let me start with some data. But phone calls are dead? I’ll wait.
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