Month: September 2021

Intuit confirms $12B deal to buy Mailchimp

This afternoon Intuit confirmed persistent rumors that it was in the process of buying MailChimp, detailing a $12 billion transaction that will bring the well-known email infra company to its corporate remit. Intuit is not a well-known player in the email marketing space. The company is instead best known for its TurboTax software — and

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Oracle misses in Q1 with revenue of $9.73B, up 4% YoY, vs. $9.77B expected, cloud services and license support revenue of $7.37B, up 6% YoY, vs $7.41B expected (Jordan Novet/CNBC)

Jordan Novet / CNBC: Oracle misses in Q1 with revenue of $9.73B, up 4% YoY, vs. $9.77B expected, cloud services and license support revenue of $7.37B, up 6% YoY, vs $7.41B expected  —  – Oracle’s top business segment missed expectations, as did hardware.  — The software maker announced a program …

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Dutch court finds Uber drivers are employees

Uber has lost another legal challenge in Europe over the employment status of drivers: The Court of Amsterdam, in the Netherlands, has ruled that drivers for Uber are employed, rather than self employed contractors. The court also found drivers are covered by an existing collective labor agreement in the country — which pertains to taxi

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Cairo-based Capiter, which offers a B2B service for manufacturers to distribute products and merchants to access them, raises $33M Series A (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch: Cairo-based Capiter, which offers a B2B service for manufacturers to distribute products and merchants to access them, raises $33M Series A  —  Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps soaring across Africa.

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Copado, a DevOps service for multiple clouds including Salesforce and Heroku, raises $140M Series C at a $1.2B valuation (Paul Sawers/VentureBeat)

Paul Sawers / VentureBeat: Copado, a DevOps service for multiple clouds including Salesforce and Heroku, raises $140M Series C at a $1.2B valuation  —  The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility.  Register now!  —  Copado, a developer operations (DevOps) …

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Filing: CRM software maker Freshworks is aiming for a nearly $9B valuation in its IPO and could raise $912M at the top end of its $28-$32 range (Reuters)

Reuters: Filing: CRM software maker Freshworks is aiming for a nearly $9B valuation in its IPO and could raise $912M at the top end of its $28-$32 range  —  Freshworks Inc is aiming for a nearly $9 billion valuation in a U.S. initial public offering, according to a regulatory filing by the business …

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JumpCloud, a cloud-based directory service for enterprises, raises $159M Series F at a $2.56B valuation, bringing its total raised to $350M (Paul Sawers/VentureBeat)

Paul Sawers / VentureBeat: JumpCloud, a cloud-based directory service for enterprises, raises $159M Series F at a $2.56B valuation, bringing its total raised to $350M  —  The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility.  Register now!

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Israeli startup Papaya Global, which offers cloud-based payroll and HR services, raises $250M at a $3.7B valuation, bringing its total raised to $440M (Ofir Dor/Globes Online)

Ofir Dor / Globes Online: Israeli startup Papaya Global, which offers cloud-based payroll and HR services, raises $250M at a $3.7B valuation, bringing its total raised to $440M  —  The Israeli payroll platform for cross-border employee salary management has tripled its valuation in the past six months.

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