In what has been a relatively uneventful year for tech IPOs, a number of private startups continue to set record valuations in exchange for cheap capital. While few private tech companies have released IPO information, the following seven companies have grown quite rapidly and could prove to be lucrative investment opportunities for public traders.
Read More
Microsoft To (Likely) Acquire Salesforce
One of the Silicon Valley’s biggest success stories, Salesforce.com (CRM), which provides enterprise cloud computing services for customer relationship management, has put itself up for sale. The company, which began as a small, niche software startup, has quickly evolved into a formidable software-as-a-service (SaaS) company. Today, Salesforce is the leader in the $20B customer relationship management market.
Read More
Microsoft Office Arrives On iPhone
Ironically, at present, Apple’s (AAPL) main competitor, Microsoft (MSFT), owns the fastest rising application on Apple’s App Store. Just one day after Microsoft dropped its subscription requirement for Office 365, the new Microsoft Word application has shot up the charts and is now the front-runner in Apple's “Free” category. Microsoft's Office 365 now ranks ahead of other popular applications, such as: Facebook (FB) Messenger, WhatsApp, Snapchat, and Instagram.
Read More
Ellison No Longer An Oracle
Last Thursday, former two-time college dropout Larry Ellison, now the world's fifth richest man, announced he was immediately resigning from his CEO position at Oracle (ORCL). The company, which he founded 37 years ago, has established itself as the premier business solutions provider since the late 1970s. However, in recent years, Oracle has struggled to adapt to the rapid expansion of cloud storage and evolving digital business infrastructure demands.
Read More