The week ending December 17
Topping this week’s Came to Win list is next-gen database developer Cockroach Labs for a very impressive round of funding.
Oracle is also on this week’s list for securing a major acquisition agreement in electronic health records; application and data integration technology developer SnapLogic for its own successful fundraising cycle; cloud solution provider Google SADA Systems for an acquisition that expands its market range and technical service capabilities; and unified communications company Avaya for a new program that brings together development resources and expertise for partners.
Cockroach Labs Increases Value To $ 5 Billion With New Round Of Funding
Next-gen database developer Cockroach Labs raised $ 278 million in a funding round this week, more than doubling the company’s value to $ 5 billion.
New York-based Cockroach Labs will use the additional capital to support the continued development of its CockroachDB database software and cloud database as a service, as well as to continue to grow its customer base and expand. in new markets.
The Series F funding round comes less than a year after Cockroach Labs raised $ 160 million in January this year in a round that valued the company at $ 2 billion. In total, the company, founded in 2015, raised $ 633 million, according to the company.
Cockroach Labs develops CockroachDB, a cloud-native distributed SQL database designed to handle workloads with huge volumes of transactional data. The database is also the basis for Cockroach Cloud, the company’s database as a service launched in 2019.
In the funding announcement, the company said it has experienced “massive growth” with annual recurring revenues tripled over the past year and cloud revenue growth of 500% in the last quarter alone “as customers have moved their spending to the transactional database itself. a service. ” The company now has more than 200 customers, including Comcast, Bose, eBay, Mythical Games and Norfolk Southern.
Oracle would have closed the acquisition of the blockbuster Cerner
Enterprise software giant Oracle is said to be in talks to acquire electronic medical records and health IT services company Cerner in a deal that could be valued at $ 30 billion.
The deal would expand Oracle’s already substantial presence in healthcare IT, data management and analytics and create opportunities for its partners.
Cerner, based in North Kansas City, Missouri, had 2020 revenue of $ 5.5 billion, according to the company’s website. Cerner is currently a partner of AWS, one of Oracle’s main competitors in cloud computing.
If the two companies come to a deal at the advertised price, the acquisition would be the largest in Oracle history, far surpassing the $ 10.5 billion acquisition of PeopleSoft in 2005, the acquisition of BEA Systems for $ 8.5 billion in 2008, the $ 7.4 billion acquisition of Sun Microsystems in 2010 and the acquisition of NetSuite for $ 9.3 billion in 2016.
SnapLogic Raises $ 165 Million, Brings Its Valuation To $ 1 Billion
Cockroach Labs wasn’t the only company raising a lot of capital this week. Data and Application Integration Technology Developer SnapLogic Raises $ 165 Million In New Funding Round That Places Company Value Above $ 1 Billion ‘Unicorn’ Threshold .
The round brings the total funding for the San Mateo, Calif., Based company to more than $ 371 million.
SnapLogic offers the SnapLogic Smart Integration Platform, an AI-based integration as a service platform for connecting cloud data sources, on-premises applications, and SaaS applications. The software helps organizations automate common workflows and business processes.
SnapLogic said the company will exit 2021 with record annual bookings, without disclosing actual revenue figures. The SnapLogic platform now processes 2.7 trillion customer documents per month, the company said. Customers include Adobe, Aramark, Drax, and Magellan Health.
SADA Systems acquires ByteWave Digital
Cloud-focused MSP SADA Systems continued to expand its reach in the Google Cloud platform arena this week by acquiring ByteWave Digital, a Google Cloud partner specializing in developing native digital solutions for the cloud, including including apps for web and mobile platforms.
ByteWave Digital operates global delivery centers in Thiruvananthapuram and Pune, India, and in a blog post, SADA said the acquisition will help SADA expand its business into the Asia-Pacific market. He will also add around fifty technical experts to the global SADA team, [SADAâs] promise to make Google Cloud work for its customers around the world, âthe company said in a blog post.
ByteWave Digital helps customers adopt, build, migrate and run business solutions on Google Cloud and Google Workspace. ByteWave and SADA have previously worked together to provide support and service to common customers.
ByteWave Digital will become SADA India, a 100% subsidiary of SADA offering professional and engineering services and support for 24-hour customer support, SADA said.
Avaya Experience Builders offers partnership opportunities
Unified communications giant Avaya wins kudos this week for launching Experience Builders, a program that brings together resources and co-development support for partners and businesses creating custom solutions for the ‘experience economy’ .
The program, which Avaya unveiled in October at Avaya Engage 2021, creates a vast global network of Avaya services, partners, technology developers, customers, and citizen developers to help businesses and organizations create communications solutions. and personalized collaboration.
Experience Builders integrates Avaya’s hybrid cloud services, omnichannel services and AI services, as well as the OneCloud platform which includes Avaya OneCloud UCaaS, Avaya OneCloud CCaaS, and Avaya OneCloudCPaaS.
The program enables channel partners and Avaya agents to provide customers with more value-added services. Partners who build solutions around the Avaya OneCloud platform, for example, can integrate their customers’ ERP and CRM applications for smoother workflows across multiple applications.
Avaya Partner ConvergeOne is an experience builder that uses the Avaya OneCloud communication platform as a service to build its C1 Conversations solution that businesses use to integrate all voice and digital systems and automate interactions.