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Medallia Acquires Hospitality Software Startup Zingle for $42M

Xconomy

Businesses use the company’s software tools to help monitor customer satisfaction. The Medallia (NYSE: MDLA ) IPO earlier this year was one of a number of successful public market debuts by companies offering cloud-based software, often dubbed software-as-a-service. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out. In the 2-1/2 years since it was founded, Nervana raised roughly $25 million. (In