Lightspeed Venture Partners is having quite a year, between the sale of AppDynamics to Cisco for $ 3.7 billion on the eve of its IPO (Lightspeed wrote its first check); to the March sale of publicly traded Nimble Storage to Hewlett Packard Enterprise for just north of $ 1 billion in cash; to the IPO
of the enterprise software company MuleSoft in March (the company is now valued at $ 2.8 billion); to the March IPO of the consumer tech company Snap, which is is valued at more than $ 20 billion, despite a terrible earnings call earlier today that drove its shares into a nosedive.
Though a handful
of enterprise software companies might consider Evernote an acquisition target, Libin isn't expected to give up on his goal of seeing the company through to an IPO.
The two IPOs are part of a recent trend
of enterprise software companies going public after drought of several years.
Not exact matches
As
of now, the
company has made only one big
enterprise partnership public — a November deal with Microsoft, in which the
software company offered 300 New York City employees a WeWork membership.
In the second quarter
of 2013, tech IPOs represented about a quarter
of all IPOs — and plenty
of analysts are saying that we're going to start seeing a lot more tech
companies (especially
enterprise software) go public in the next several months driven, in part, by a backlog generated in a sluggish 2012.
About half
of our portfolio is
enterprise software businesses, and the other half is consumer - facing
companies.
One
of my earliest stories for Fortune consisted
of a sleepless dispatch from a two - day Bitcoin hackathon at New York University that was sponsored, in part, by Ludwin's
company (before it pivoted to
enterprise software).
She continued that nine percent
of Slack's engineers are women
of color and the
company is «the fastest growing
enterprise software start up
of all time.»
«Ultimately, we believe the pivot toward
software and services and the rise
of a more comprehensive
enterprise strategy could help Apple become much more than just a hardware
company,» Ben Reitzes and Darrin Peller
of Barclays wrote.
Unlike
enterprises that may have complex and expensive layers
of security that protect them from outside infiltration, smaller
companies probably use some kind
of inexpensive antivirus protection
software, not understanding it will only protect them from about 40 percent
of threats.
The firm has a piece
of two
companies that have filed to go public:
Enterprise software startup Tintri and biotech startup Mersana Therapeutics.
«But I just haven't found that to be the path to success,» says the co-founder and CEO
of playAPI, an
enterprise software company in New York.
«We invest in
enterprise software companies... while Thalmic Labs is a maker
of a sophisticated hardware device,» explains Jane Podbelskaya, senior associate at Georgian Partners.
Sean Flynn, managing director
of Shasta Ventures — a Silicon Valley firm that makes Series A investments in
enterprise software, consumer internet
companies and connected hardware devices — gets excited about mobile security, especially with so many employees using their own devices at work.
Hewlett Packard
Enterprise allowed a Russian defense agency to review the inner workings
of the
company's ArcSight security
software, which the Pentagon uses to defend itself from cyber attacks, according to an investigation by Reuters.
After acquiring more than 65 tech firms in the past five years, the mercurial CEO announced in September that he would be «buying chip
companies,» suggesting that Oracle is positioning itself for what Bill Tatham, head
of Toronto - based
enterprise software firm NexJ Systems, describes as «another level
of world domination.»
Microsoft previously sold a similar collection
of Windows and Office
software to big
companies that is now rebranding as Microsoft 365
Enterprise, the Wall Street Journal noted on Monday.
-- Steve Elliott, founder and CEO
of AgileCraft, a
software company focused on helping large
enterprises simplify
software at scale
This year has seen a string
of successful technology IPOs, including Snap and
enterprise software company MuleSoft in March, breaking last year's dry spell.
I had spent the last decade in the
enterprise software world working with large
companies, but now it seemed as if the concept
of the
company was eroding.
The networking giant said Monday that it had bought small
enterprise software startup Heroik Labs, which sells
software called Worklife for scheduling meetings, taking notes, and keeping track
of company events on calendars.
The
enterprise social media marketing platform which Cho had founded out
of his home had grown to 450 people and he brought in a new CEO with more experience running a fast - growing
software company.
SuccessFactors, one
of the world's largest
enterprise software companies, was founded in 2001 by Lars Dalgaard.
An
enterprise version
of its
software has been adopted by the National Cancer Institute and by four
of the world's largest pharmaceutical
companies.
In January, the $ 130.7 billion
enterprise software company SAP announced its $ 2.4 billion acquisition
of CallidusCloud, which makes sales performance management
software.
• Apax Funds agreed to acquire ECi
Software Solutions, a Fort Worth, Texas - based provider
of enterprise resource planning
software solutions for small and medium - sized
companies.
It was beaten to the top
of the European benchmark, however, by British
software and information technology
company Micro Focus, which rose 7.5 percent after closing a $ 8.8 billion takeover
of Hewlett Packard
Enterprise.
Companies are also starting to use project management
software in line with
enterprise planning
software, relying on statistics from active project management to illustrate the profitability and efficiency
of each type
of project.
IDG
Enterprise research found that consumerization
of software within a
company has positive impacts on the organization, including business agility (70 percent), user productivity (76 percent) and user satisfaction (82 percent).
Unlike dropped calls, archaic
enterprise software is so damaging that it can cost
companies countless hours
of lost productivity, lose them valuable employees, and even cause their gradual decline.
This new wave
of enterprise companies, although they focus on different types
of software and services, all have one thing in common: they are unprofitable.
«Lots
of businesses call themselves
enterprise software companies, but they all do different things,» says William Barnett, a professor at Stanford Graduate School
of Business.
-- Kris Duggan, co-founder and CEO
of BetterWorks, a
company that provides
enterprise software to carve out and and manage goals.
Bringing in John Chen as CEO is likely a reflection
of where the
company is headed in the future — focusing more on
software and
enterprise services — but over 70 %
of BlackBerry's revenue on a quarterly basis still comes from hardware shipments, he added.
The highly diversified portfolio consists
of almost one hundred
companies in all fields
of technology; cleantech, consumer,
enterprise software, health, industrial technologies and life science.
Ms. Mulligan is on the board
of Lattice Engines, Inc. and an advisor to and investor in numerous
enterprise software and consumer technology
companies.
He has worked with hundreds
of companies to apply
enterprise software and process improvements to drive value and cost savings in their supply chain and logistics functions.
«At JMI, I've had the privilege
of working with great
enterprise software companies at all stages
of growth.
You see it in industry after industry: hotels presumed that people wouldn't stay in strangers» homes, television networks presumed that programming schedules were constrained by time, and, speaking
of Amazon Web Services,
enterprise technology
companies presumed that servers and
software would live on corporate premises.
He is also the co-founder and former VP
of Finance and Operations
of Rypple, an
enterprise software company acquired by Salesforce.
Evolving
companies often turn to
enterprise accounting
software, especially when they grow out
of SMB
software, like QuickBooks,...
And Eileen Carey, a cofounder
of Glassbreakers, an
enterprise software company, called my comments «the opposite
of progress.»
If you are a sponsor - backed
enterprise software or technology - enabled
company, we may be able to offer you senior debt based on the intrinsic value
of established recurring revenue streams.
A few years back, tech innovator and investor Marc Andreessen made the case that the very embodiment
of idea
companies —
software enterprises — will dominate, or in his words «eat the world» in the near future.
«We're excited to have Chris lead the combined
company as we embark on this journey
of uniting our organizations to create a world - class, pure - play
enterprise software company.»
Micro Focus is a leading global
enterprise software company uniquely positioned to help customers extend existing investments while embracing new technologies in a world
of Hybrid IT.
Bring on the recession and, the conventional wisdom goes, those
of us who have invested in
enterprise software might as well close down the
companies and recover what little cash we can.
In this episode
of Ideas to Invoices, Will Mitchell, co-founder
of Contract Simply, discusses how his startup pivoted from a consumer marketplace called Renovate Simply to a business to business
enterprise software company for the construction and banking industry.
If your firm backs an
enterprise software or technology - enabled
company, we may be able to offer senior debt based on the intrinsic value
of established recurring revenue streams.
The
company HP Inc. was created as part
of the spinoff in 2015 that divided Hewlett Packard between its PC and printing business and its data centers and
software divisions under the name Hewlett Packard
Enterprises.