Between Thumbtack, Yelp, Angie’s List and Amazon, it wouldn’t appear that the world needs a new platform that matches customers with service professionals. That’s not the way Julio Vasconcellos sees it, clearly. Vasconcellos has spent the last year-plus working on a services platform called Prefer. Read More
2017 tech IPOs are on a tear compared to last year
By this time last year, one tech company had gone public. there was one. Already this year, nine tech companies have gone public on U.S. exchanges. Needless to say, public exits are looking up. That comparison becomes starker when you compare SecureWorks, 2016’s first IPO, to Snap, which went public in 2017. SecureWorks priced under range, and it has since fallen nearly 38 percent from… Read More
Collaboration software company Jive to be acquired by Aurea for $462 million
Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies.
In the end, it was a kind and healthy exit for Jive shareholders. ESW paid $5.25 a share to purchase the… Read More
Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe
Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, Mastercard and other undisclosed investors. Airwallex was founded last year… Read More