Silicon Valley investors are making big bets on the future of big data. I would not jump into share of public player Tableau Software but would wait to see whether two startups in the space -- Looker and ThoughtSpit -- can IPO.
The software industry contributed more than $1 trillion to the U.S.' GDP last year, and supports over 10 million jobs. So it's no surprise that it also provides a sizable boost to the U.S. economy each year, according to a report from independent research organization Software.org, an arm of the BSA Foundation.
Quest Analytics, based in Appleton, WI and co-founded in 2003 by David H. Hill and John P. Weis, is a leader in health plan provider network management software and services. Mr. Hill and Mr. Weis will remain active in the business and will retain a substantial minority ownership stake in the company.
Microsoft co-founder Bill Gates is reducing his stake in the company to just 1.3 percent, after holding 24 percent of the software maker back in 1996. In a filing to the Securities & Exchange Commission on Monday, Gates revealed he’s donating 64 million shares of Microsoft worth a total of $4.6 billion.
Y Combinator-backed Plasticity is tackling the problem of getting software systems to better understand text, using deep learning models trained to understand what they’re reading on Wikipedia articles — and offering an API for developers to enhance their own interfaces.
Munich venture capital firm Target Partners announced its newest team member, Jan Wolter who joins as Venture Partner. Wolter is a successful founder and executive, who will contribute his experience in enterprise software to Target Partners.
Redfin, the next-generation real estate brokerage, joined by venture capital firms DFJ, Greylock Partners, Madrona Venture Group and Pioneer Square Labs, as well as board software and advisory firm Boardspan, announced a pledge to encourage diversity among startup boards.
<span style="color: rgb(51, 51, 51); font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; background-color: rgb(255, 255, 255);">I search for the most irrational, most passionate, and most likeable — or unlikeable — person in the room. Maybe they’re the theoretical robot mole — that is, if the scientists are doing their jobs right.</span>
Hedge fund manager Elliott Management Corp’s private equity affiliate Evergreen Coast Capital has made an undisclosed investment in ASG Technologies. Credit Suisse and SunTrust Robinson Humphrey served as lead financial advisers to Evergreen Coast Capital on the transaction. Based in Naples, Florida, ASG is a provider of enterprise IT software. MENLO PARK, Calif.–(BUSINESS WIRE)–Elliott Management Corporation, led by its Menlo Park affiliate Evergreen Coast Capital, today announced that they have completed a strategic investment into ASG Technologies, the Naples, Florida-based enterprise IT software company with leading products in content management, systems management, workspaces and enterprise data intelligence. Elliott intends to...
Zetta Venture Partners has closed its second fund at $125 million, according to an sec filing. The San Francisco-based firm focuses on early-stage analytic software companies.