VC winter, slowdown, downturn… no matter what you call it, we are seeing companies taking a cautious approach when it comes to hiring or spending money across the world. While the SaaS industry is not doing the layoffs like other sectors, it’s not fully protected either. That’s not to say that the excitement is muted, as the stories this week will highlight. Read on to know why we’re saying so. News of the week Salesforce stock jumps as it raises profit forecast, CFO says company will be more ‘measured’ in hiring CRM pioneer Salesforce managed to beat the industry expectations…
Author: Nitansh Rastogi
Despite the slowdown, we’re seeing acquisitions, new launches, and fundraising announcements in the SaaS space. So if you missed the happenings of the last week, then keep reading to know everything that matters. News of the week KKR-backed UK startup Paddle strikes $200million deal It was just a couple of weeks ago that billing and invoicing software Paddle raised $200million. Now, it seems that it’s making good use of the cash infusion. It’s acquiring ProfitWell, a subscription analytics software, for $200million in a mix of cash and equity. Stripe’s new apps marketplace brings third-party tools directly into Stripe Stripe – among the…
The bloodbath in the market continues – affecting SaaS companies too. Companies like UiPath, Marqeta, and Toast have lost 65 percent of their value. Many organizations are also scrapping their plans of going public. But that doesn’t mean that there’s no action in this space. So here’s everything that deserves your attention in the world of SaaS. News of the week Zoom dives deeper into intelligent customer service with Solvvy acquisition Video conferencing software Zoom has been trying to diversify. Its latest step in that direction is the acquisition of Solvvy which focuses on conversational AI. This will help Zoom improve its…
The talks about tech bubble being burst are seemingly more real than ever. While the temperament in the SaaS ecosystem seems strong, we’re seeing the effects of the pandemic wearing off affecting SaaS stock prices, funding rounds, and more. The real implications of the drawdown can only be understood later, for now, let’s take a look at everything that’s worthy of your attention in the world of SaaS. News of the week Stripe flexes its fintech muscle with Financial Connections to pull banking data automatically The world’s most valuable startup – Stripe – has introduced a feature dubbed Financial Connections.…
Welcome to the latest edition of the SaaS weekly roundup, your weekly newsletter of all things software-as-a-service. This week, we’ve some significant acquisitions, funding announcements, interesting podcasts and videos in the SaaS space. So without further delay, let’s jump right in. News of the week Synopsys buying SaaS security company WhiteHat for $330million We’re seeing an increased interest in the security space, so it isn’t really surprising to see semiconductor, automation, and security testing firm Synopsis acquiring Whitehat Security to boost its SaaS security capabilities. The acquisition will help the company in providing market-leading DAST (Dynamic application security testing) technology,…
A report by TechCrunch sheds light on how the SaaS sector is able to buck the venture slowdown, and if you’ve been a regular reader of the SaaS weekly roundup, you’d be concurring with the observations. While the investor’s appetite may be reducing, SaaS continues to attract their attention along with managing to be in the news with some major acquisitions as well. So without any further delay, here’s everything you need to know in the world of software-as-a-service. News of the week Zendesk is working with adviser Qatalyst on potential sale Zendesk has been in a news quite a…
Welcome to the SaaS weekly roundup, your weekly newsletter on all things software-as-a-service. This week was quite busy in terms of acquisitions, new launches, and some mega funding announcements too. Here’s everything that you need to know. News of the week Thoma Bravo agrees $6.9billion deal for cyber security group SailPoint PE firm Thoma Bravo is making big moves in the SaaS world, and the latest is no different. It’s acquiring cybersecurity company SailPoint for $6.9billion. The deal price is at an 83 percent premium compared to the stock price at the beginning of 2022. Software maker Datto to be…
According to an analysis by Carta, VC funding in the United States is drying up this year. Across Series A, Series B, and Series C, the investments have reduced by up to 30 percent on an average. Having said that, we aren’t seeing that kind of pullback in the SaaS industry. So, if you are wondering which software-as-a-service companies were in news last week and which ones managed to get investors’ attention, then read on. News of the week Dropbox Shop launches in open beta to allow creators to sell digital content Dropbox is venturing into the Gumroad territory as…
There’s never a dull moment in the world of SaaS – and the SaaS weekly roundup continues to prove that. This week, we have some major updates to popular SaaS offerings, huge funding rounds, and more. So here’s everything that you may have missed and deserves your attention. News of the week Otter.ai adds AI-generated meeting summaries and new home feed When it comes to transcriptions, Otter.ai has become a force to be reckoned with. But it doesn’t want to be limited to that. It’s introducing several new features such as AI-generated meeting summaries, the ability to jump into the…
From significant acquisitions to big funding rounds, this week was action-packed in the world of SaaS. And if you haven’t been able to catch up with all the happenings, then you’re at the right place. News of the week Anaplan to be acquired by Thoma Bravo for $10.7billion Thoma Bravo has been on an acquisition spree, and the latest in its portfolio is Anaplan, a publicly-listed company that offers a cloud-native platform for orchestrating business performance. The all-cash transaction is providing $66 per share, resulting in a value of $10.7billion. The deal is expected to close in the first half…
Just like the last week, we witnessed several publicly listed SaaS companies announce their quarterly revenues. Of course, the past seven days also had a lot of action in terms of acquisitions, funding rounds, and more. So read on to find out everything that matters in the world of SaaS. News of the week and earnings corner CircleCI acquires Ponicode CI/CD platform CircleCI has announced the acquisition of Ponicode, a startup that lets developers automate their unit tests and track the test coverage. While the terms of the deal weren’t disclosed, it’s interesting to note that Ponicode will continue running…
The past week was all about major publicly listed companies announcing their quarterly results. While the growth is slowing down, the buzz around SaaS continues as a ton of funding action proves. So here’s everything that’s worth your attention. News of the week Software AG acquires StreamSets to further accelerate rapid growth in hybrid integration Germany-based Software AG has announced the acquisition of StreamSets, a leading player in data integration. The deal is pegged at €524million, and will complement Software AG’s offerings. It’ll also help the company to strengthen its offerings in the cloud market. Hyperscience layoffs: warning signal for…