{"id":2106,"date":"2020-11-13T17:55:52","date_gmt":"2020-11-13T12:25:52","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=2106"},"modified":"2020-11-13T17:55:52","modified_gmt":"2020-11-13T12:25:52","slug":"saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more","title":{"rendered":"SaaS weekly roundup #45: Adobe to acquire Workfront, Pipedrive becomes a unicorn, and more"},"content":{"rendered":"\n<p>Welcome to another weekly roundup of all things SaaS. This week we have a couple of acquisitions, some significant funding rounds and of course, a curated set of podcasts to learn from the best in the business.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more\/#News_of_the_week\" title=\"News of the week\">News of the week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more\/#SaaS_companies_that_got_the_funding_this_week\" title=\"SaaS companies that got the funding this week\">SaaS companies that got the funding this week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more\/#Must_reads\" title=\"Must reads\">Must reads<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more\/#Listen_to\" title=\"Listen to\">Listen to<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more\/#Watch\" title=\"Watch\">Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"news-of-the-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_of_the_week\"><\/span>News of the week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-09\/adobe-said-to-be-in-talks-to-acquire-workfront-for-1-5-billion\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Adobe to buy Workfront for $1.5billion to aid collaboration<\/strong><\/a><\/p>\n\n\n\n<p>Adobe has acquired a lot of companies over the years, and another name is getting added to the list. As per reports, the Photoshop maker is buying collaboration software <a href=\"https:\/\/www.saasworthy.com\/product\/workfront\" target=\"_blank\" rel=\"noreferrer noopener\">Workfront<\/a> for as much as $1.5billion. The deal would close between December and Jan 2021.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/xero-kicks-off-fy21-by-banking-nz34-5-million-in-profit-and-lifting-revenue-by-21\/#ftag=RSSbaffb68\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Xero kicks off FY21 by banking NZ$34.5 million in profit and lifting revenue by 21%<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/accounting-software\" target=\"_blank\" rel=\"noreferrer noopener\">Accounting software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/xero\" target=\"_blank\" rel=\"noreferrer noopener\">Xero<\/a> is among the biggest success stories from Australia. Per its latest report, it has NX$34.5million profit. It also crossed 1million customers mark in Australia, while its subsribers also increased significantly in UK and New Zealand.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.globenewswire.com\/news-release\/2020\/11\/11\/2124775\/0\/en\/Mattermost-Launches-New-SaaS-Platform-to-Optimize-DevOps-Collaboration.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Mattermost launches new SaaS platform to optimize DevOps collaboration<\/strong><\/a><\/p>\n\n\n\n<p>Open-source <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/collaboration-software\" target=\"_blank\">collaboration software<\/a> Mattermost has announced a new platform termed Mattermost Cloud. It&#8217;s aimed at DevOps teams to optimize their collaboration by offering cross-team workflows.<\/p>\n\n\n\n<p><a href=\"https:\/\/baremetrics.com\/blog\/i-sold-baremetrics\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>I sold Baremetrics<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/baremetrics\" target=\"_blank\" rel=\"noreferrer noopener\">Baremetrics<\/a>, popular <a href=\"https:\/\/www.saasworthy.com\/product\/baremetrics\" target=\"_blank\" rel=\"noreferrer noopener\">subscription analytics software<\/a>, has been acquired by private equity firm Xenon Partners. The price of the purchase is $4million, which is 2.65x of the company&#8217;s ARR.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.kovai.co\/blog\/coimbatore-saas-company-kovaico-acquires-cerebrata\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>$10million Coimbatore-based SaaS company \u2013 Kovai.co acquires Cerebrata &#8211; enterprise software for Azure developers<\/strong><\/a><\/p>\n\n\n\n<p>India-based Kovai has made its first-ever acquisition in the form of Cerebrata, a company that provides Microsoft Azure management tools. While the terms of the deal weren&#8217;t disclosed, Kovai states that the acquisition is complementary to its products, and will help it increase its revenue by 15 to 20 percent.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201112005177\/en\/RudderStack-Introduces-RudderStack-Cloud-Free-a-Free-Tier-of-Their-SaaS-Customer-Data-Platform\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>RudderStack introduces RudderStack Cloud Free, a free tier of their SaaS Customer Data Platform<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/data-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">Data management software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/rudderstack\" target=\"_blank\" rel=\"noreferrer noopener\">RudderStack<\/a> has announced its free tier dubbed RudderStack Cloud Free. The plan doesn&#8217;t have any time limit and users don&#8217;t need to add their credit card either. While it&#8217;s been available for free as a open-source software, there are infrastructure-related expenses.<\/p>\n\n\n\n<h2 id=\"saas-companies-that-got-the-funding-this-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SaaS_companies_that_got_the_funding_this_week\"><\/span>SaaS companies that got the funding this week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/11\/sentinelone-an-ai-based-endpoint-security-firm-confirms-267m-raise-on-a-3-1b-valuation\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SentinelOne, an AI-based endpoint security firm, confirms $267million raise on a $3.1B valuation<\/strong><\/a><\/p>\n\n\n\n<p>SentinelOne has closed a funding round of $267million crossing a valuation of $3billion. The security firm has raised over $430million in its lifetime. In February this year, it had received $200million funding at a valuation of $1.1billion, which means its valuation jumped ~3x in such a short span of time.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/10\/jumpcloud-raises-75m-series-e-as-cloud-directory-service-thrives-during-pandemic\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>JumpCloud raises $75million Series E as cloud directory service thrives during pandemic<\/strong><\/a><\/p>\n\n\n\n<p>Cloud directory service <a href=\"https:\/\/www.saasworthy.com\/product\/jumpcloud\" target=\"_blank\" rel=\"noreferrer noopener\">JumpCloud<\/a> has nabbed a $75million Series E funding. The round was led by BlackRock, and the company will be using the amount to expand its team.<\/p>\n\n\n\n<p><a href=\"https:\/\/tech.eu\/brief\/pipedrive-unicorn\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Estonian-born Pipedrive achieves unicorn status with $1.5billion valuation<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/crm-software\" target=\"_blank\" rel=\"noreferrer noopener\">CRM software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/pipedrive\" target=\"_blank\" rel=\"noreferrer noopener\">Pipedrive<\/a> has become a unicorn with its latest funding round. While the company didn&#8217;t disclose the amount it raised, its valuation has now reached $1.5billion. It also divulged that over 95,000 sales teams have used its platform.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/10\/remote-raises-35m-to-help-orgs-with-global-workforce-payroll-benefits-and-more\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Remote raises $35million to help orgs with global workforce payroll, benefits and more<\/strong><\/a><\/p>\n\n\n\n<p>As the name suggests, Remote helps companies manage remote workers. It has gotten $35million in Series A funding which was led by Index Ventures. It&#8217;ll be using the funding to expand to 30 countries (from its current base of 17 countries)<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/11\/12\/livestorm-series-b\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Livestorm raises $30million for its browser-based meeting and webinar platform<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/webinar-software\" target=\"_blank\" rel=\"noreferrer noopener\">Webinar software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/livestorm\" target=\"_blank\" rel=\"noreferrer noopener\">Livestorm<\/a> has closed a $30million Series A round. The company makes it extremely easy to conduct meetings or webinars as it&#8217;s browser based and boasts of more than 3,500 customers.<\/p>\n\n\n\n<p><a href=\"https:\/\/yourstory.com\/2020\/11\/funding-saas-startup-infeedo-bling-capital\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SaaS startup inFeedo raises $3.2million led by Bling Capital<\/strong><\/a><\/p>\n\n\n\n<p>Analytics software inFeedo has received $3.2million in an oversubscribed round after YC&#8217;s Demo Day in August this year. The startup has over 300,000 users across 50 countries.<\/p>\n\n\n\n<p><a href=\"https:\/\/yourstory.com\/2020\/11\/funding-alert-b2b-sales-platform-nektarai-nexus-singapore-startups\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>B2B sales platform Nektar.ai raises $2.15million seed investment led by Nexus Venture Partners<\/strong><\/a><\/p>\n\n\n\n<p>Nektar.ai is a sales productivity startup that offers an AI-powered GTM collaboration engine. It has raised $2.15million seed funding led by Nexus Venture Partners.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\u26a1\ufe0fTwenty years ago, Cal Henderson was working in London while Stewart Butterfield was making a game called Game Neverending. A thread.<\/p>&mdash; therealjpk (@therealjpk) <a href=\"https:\/\/twitter.com\/therealjpk\/status\/1326417590315520000?ref_src=twsrc%5Etfw\">November 11, 2020<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 id=\"must-reads\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span>Must reads<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/cloudwars.co\/google-cloud\/google-cloud-the-remarkable-2-year-journey-of-ceo-thomas-kurian\/\" target=\"_blank\" rel=\"noreferrer noopener\">Google Cloud\u2019s big win: the remarkable 2-year journey of CEO Thomas Kurian<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/saas-benchmarks-hyper-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">2020 expansion SaaS benchmarks: getting back to hyper-growth<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.chargebee.com\/blog\/achieve-more-brian-kardon-invision\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to achieve more by doing less by Brian Kardon<\/a><\/p>\n\n\n\n<h2 id=\"listen-to\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Listen_to\"><\/span>Listen to<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Todd McKinnon &#8211; creating and defining a new market category<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/a1bdae01d4f54d44b593a09927fc895c\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/okta\" target=\"_blank\" rel=\"noreferrer noopener\">Okta<\/a> is a leading company in the <a href=\"https:\/\/www.saasworthy.com\/list\/identity-and-access-management-iam-software\" target=\"_blank\" rel=\"noreferrer noopener\">identity and access management<\/a> space, but how did it reach here? Its co-founder and CEO Todd McKinnon discusses how he got the idea, the early years, the challenges and how they overcame them among other things.<\/p>\n\n\n\n<p><strong>Why seat based pricing will die and volume based pricing is optimal, how to structure pipeline meetings most effectively &amp; how to think through demand gen strategically with UserTesting CEO Andy MacMillan<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/f8719aab7701451b95b1be08bdfa59b5\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p>In this podcast, listen to <a href=\"https:\/\/www.saasworthy.com\/product\/pipedrive\" target=\"_blank\" rel=\"noreferrer noopener\">UserTesting<\/a>\u2019s CEO Andy MacMillan talking about his journey into the world of SaaS, why volume-based pricing is better than seat-based pricing, how to scale sales team and more. He also shares about pipeline meetings and why they matter.<\/p>\n\n\n\n<p><strong>How to build a SaaS brand without doing &#8216;branding&#8217; &#8211; with Paul Campillo<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/e6a505eeca524f57a2c001e9e4cdf66e\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/pipedrive\" target=\"_blank\" rel=\"noreferrer noopener\">Typeform<\/a>, a <a href=\"https:\/\/www.saasworthy.com\/product\/pipedrive\" target=\"_blank\" rel=\"noreferrer noopener\">form-building software<\/a>, is a leading player in the category. Its director of brand and communications, Paul Campillo shares what makes it different, and how his background ensured that the Barcelona-based company does things differently.<\/p>\n\n\n\n<h2 id=\"watch\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watch\"><\/span>Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Rising Stars of SaaS 5: Repl.it CEO Amjad Masad is democratizing coding for all<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"E1137: Repl.it CEO Amjad Masad is democratizing coding for all | Rising Stars of SaaS 5\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/isIpbcH_N80?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/repl-it\" target=\"_blank\" rel=\"noreferrer noopener\">Repl.it<\/a> helps anyone to do coding from the browser itself for collaboration or learn from the teacher as well. The platform supports a variety of programming languages, and its CEO Amjad Masad talks about how coding is being democratized, Repl.it&#8217;s evolution and roadmap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s everything that you need to know about the happenings in the world of SaaS in the past week <\/p>\n","protected":false},"author":3,"featured_media":2107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-2106","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saas-weekly-roundup"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SaaS weekly roundup #45: Adobe to acquire Workfront, Pipedrive becomes a unicorn, and more - SaaSworthy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SaaS weekly roundup #45: Adobe to acquire Workfront, Pipedrive becomes a unicorn, and more - SaaSworthy Blog\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s everything that you need to know about the happenings in the world of SaaS in the past week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-45-adobe-to-acquire-workfront-pipedrive-becomes-a-unicorn-and-more\" \/>\n<meta property=\"og:site_name\" content=\"SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; 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