3/17: Alarm.com has 5mm subs with Icontrol deal; SAP Updates Vora Query Engine for Better Business Analytics

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Alarm.com Has 5 Million Subs in Wake of Icontrol Deal (Multichannel News)
Also nets multi-year exclusive deal with ADT.

SAP Updates Vora Query Engine for Better Business Analytics (CIO Today)

Analyst: AWS growth could ‘moderate’ as Microsoft and Google see new cloud momentum (GeekWire)

To Compete With AWS, Oracle Will Need More Data Centers (Data Center Frontier)

ModCloth announces it has been bought by Wal-Mart's Jet.com (Pittsburgh Business Times)

Ohio Taxpayers on the Hook as Venture Fund Can't Pay Bondholders

Reports from MuleSoft's IPO: Impact on iPaaS market, including Dell Boomi

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Business Software Firm MuleSoft Prices IPO Above Range (Fortune)

MuleSoft: Software Upstart Soars 43% in IPO Open (Barron's Tech Trader Daily)

MuleSoft soars 46% on first day of trading ((TechCrunch)

MuleSoft's first day close gives it a market value slightly north of $3 billion.

Hummer Winblad and Morgenthaler Venture Partners were early in and the biggest IRR winners on MuleSoft. At the offering price, Hummer Winblad shares were worth $450 million. That could build a new arena at Princeton.

Lightspeed Venture Partners, NEA and SAP-funded Sapphire Ventures were other major holders. Sapphire's 6.8 percent stake is worth about $197 million. Salesforce led MuleSoft's final round

Dell Boomi, the integration play too hot to spin off (yet) (Diginomica)

Dell Boomi CEO: Acquisition Of ManyWho Will Help Partners 'Bring Solutions To Market Very Rapidly' (CRN)

Blackstone Acquires Cloudreach For Access To iPaaS Market (Donavan Jones / Seeking Alpha)
This is curious.

MuleSoft CEO Wants to Build the ‘Salesforce of Software Integration’ (Fortune)

Ring comes to Philadelphia, inheriting Zonoff's former employees

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Ring is coming to Philadelphia, by inheriting most of the 80 or so employees of Malvern-based Zonoff who where being let go, reports Stacey Higginbotham on her site, STACEY on IoT .

Apparently, Zonoff was attempting to complete a deal in which it would be acquired by Honeywell, but that fell through. Higginbotham says the relationship between Zonoff and its largest strategic investor, ADT, had frayed due to ADT's changing priorities after being taken private by Apollo Group last year.

Ring, based in Santa Monica and known for its ubiquitous doorbell video ads, has raised $209 million, including $109 million in January. Zonoff raised $35.8 million.

Zonoff Founder & CEO Mike Harris is also onboard with Ring, Higginbotham reports, and Ring will be looking for new offices in the Philadelphia area. All Zonoff employees received job offers from Ring.

Ring's sales had been to this point driven primarily by a single product, while building market acceptance for a broader platform, as Zonoff tried to do, proved to be much more difficult.

No word on if or how Zonoff's installed base will be supported. I checked out Zonoff's website and found crickets - no news on this.

There is also the issue of Zonoff's IP assets. Unless other arrangements have been made, those are presumably the investor's to dispose of.

I hadn't realized that First Round was in Ring's Series A ($15.5M Pre-Money Valuation).