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Friday, August 17, 2018

Companies

Salesforce Promotes COO Block to Dual-CEO Role

Salesforce is doubling down on its number of CEOs. The company promoted its COO Keith Block to the role of CEO earlier this month, a role he will share with longtime Salesforce CEO and founder Marc Benioff. Both will report to the company’s board...

Funds

Dragoneer Reduces Stake in ServiceNow by 16.61%

Dragoneer has limited its stake in Servicenow (NOW) by $13.65 million. The decrease represents a 16.61% decline in investment in the company. As the company’s stock rose 10.02%, the Dragoneer team opted to release 82,700 shares of the company, which specializes in IT Business Management, IT Operations Management, and IT Services Management...

People

Billionaire Smith Drives Diversity In Engineering At Cornell

One of the world’s richest men is paying it forward to his alma mater in a big way. Since 2016, Robert Frederick Smith’s large financial contribution to the Cornell tech community has funded diversity in the next generation of tech allstars. Smith, himself an African American and a graduate of Cornell and Columbia Business School, has contributed $50 million to the school via his Fund II Foundation...

Features

Dulles Tech Corridor Lures 2 Tech Heavy Hitters

The Dulles Tech Corridor is in the running to be homebase to not one but two major technology companies -- and to potentially reap many of the processes if the deal goes through. In its September 2018 announcement about finalists for a second headquarters (or “HQ2”), Amazon included the Dulles Tech Corridor...

Popular Articles

Top 25 Women Leaders in SaaS

The SaaS Report is pleased to announce 2017’s list of Top 25 Women Leaders in SaaS. These accomplished executives are some of the most influential in their field and command the respect of their peers both inside and outside their companies. Those who made the list were carefully selected based on their professional achievements and key factors including current and prior positions, company performance, industry recognition and influence as well as impact on organizations where they've held leadership roles. Research was conducted using a broad set of industry and company specific information.

The SaaS Industry [An Overview]

OVERVIEW The rise of the SaaS industry has continued to captivate the business community at large given the impressive growth rate it has sustained over...

The SaaS Report’s Top 50 SaaS CEOs of 2017

The SaaS Report is pleased to announce this year's list of Top 50 SaaS CEOs. These CEOs were selected based on five primary factors – company growth, work culture, product technology, financial performance, and professional experience. Research was conducted using a broad set of data including information from reported financials (where available), company press releases, Glassdoor, LinkedIn, and other sources.

Why Adam Miller, CEO of $2.4 Billion Cornerstone OnDemand, Might Just Be The Coolest...

Before cloud computing was called cloud computing, Adam Miller, the President and CEO of now multi-billion-dollar enterprise software provider Cornerstone On Demand, founded the company in his one-bedroom apartment...

The SaaS Companies Set to IPO in 2018

As a shift to software-as-a-service continues to drive growth and earnings at unicorn software providers, initial public offerings (IPO) are possible from high-flying companies including Anaplan, Slack Technologies, Cloudflare, Docusign, Smartsheet and Qualtrics...

Can Any Other Software Private Equity Firm Hold a Candle to Vista Equity?

Vista Equity Partners, a middle-market Austin-based private equity firm focused on investments in software, data and technology companies, was years ahead of its peers executing its now famous 'playbook' for nearly a decade before others caught on. Now they're on to a new strategy, one in which their competitive advantage is likely to last a whole lot longer...

Major SaaS Trends in 2017

As cloud computing turns the traditional tech industry on its head, a growing number of businesses are adopting SaaS models. A recent IDC forecast estimates cloud spending to boom almost 25% in 2017 to over $122 billion, seven times faster than the rest of the IT space...

Li Ka-shing: Hong Kong’s Wealthiest Individual and His Rags to Riches Story

While Asian business tycoon Li Ka-shing is Hong Kong’s wealthiest individual, his influence extends across the world. Nicknamed “Superman” for his business acumen, the 89-year-old entrepreneur, investor and philanthropist has a net worth of about $33.5 billion and business interests spanning across over 50 countries...

Jennifer Tejada: Behind One of the Most Powerful Women in the SaaS Space

Jennifer Tejada is the Chief Executive Officer of PagerDuty, a San Francisco, Calif.-based company which provides software intended to help its customers manage digital operations and quickly resolve incidents. She is a star figure in the SaaS world, and in Silicon Valley at large, bringing with her about two decades’ worth of experience in leading software companies as both a board director and a C-suite level executive...

Marketo CEO Steve Lucas: The Engagement Economy Will Replace the Outdated CRM Model

Steve Lucas is the Chief Executive Officer of San Mateo, Calif.-based Marketo, Inc., a Vista Equity Partners-backed provider of marketing software solutions. Prior to joining Marketo in November 2016, Lucas had a long run in the enterprise software space, with a breadth of experience leading multi-billion dollar businesses within...