Oracle collaborates with iClick to broaden presence in China. Diligent acquires Galvanize.

03/11/21 • 2 min

Oracle, a leading integrated cloud applications and platform services provider, is looking to strengthen their presence in China and to do that, have decided to collaborate with iClick Interactive Asia Group limited. iClick is a Chinese independent online marketing and enterprise data solutions provider and a member of Oracle Partner Network. This collaboration will help Oracle to launch tailored SaaS offering that will empower brands to better serve and connect with consumers.

Mainspring Services, a Title and escrow software company announced the release of their SaaS Platform, “titleLOOK”. This Platform streamlines your title production process. The first SaaS product by the company, titleLOOK addresses a major pain point for lenders, underwriters and consumers. The software will help users automatically publish preliminary documentation and reports which can then be shared with customers and stakeholders instantly.

The Governance, Risk and Compliance giant, Diligent Corporation, that is used by nearly 19,000 clients, has announced that it will be acquiring Galvanize, a global leader in SaaS GRC software. Diligent Corporation has signed a contract towards this, however, the financial terms of the transaction were not disclosed. This transaction follows Diligent’s planned acquisition of Steele Compliance Solutions Inc. a leader in ethics and compliance SaaS, which was signed earlier this year in February. Both these transactions are expected to come to a conclusion in March. With this acquisition, Diligent will become the largest SaaS GRC provider globally.

ThinkIQ, a pioneer of digital manufacturing transformation SaaS, today announced an expansion in their suite. The new SaaS solutions by the manufacturing platform, features four new areas of data functionality, included with ThinkIQ's Visualize, Insight, Transform and Enterprise solutions. This will help manufacturers make sense of data surfacing actions that enhance safety, reliability and efficiency. The new platform components integrate with existing IoT infrastructure to help manage everything from supply chains to manufacturing processes and beyond.

Previous Episode

undefined - Cisco invests in Indian SaaS companies. Tackle.io raises $35 million funding. McAfee sells its enterprise business to Symphony Technology Group for $4 billion.

Cisco invests in Indian SaaS companies. Tackle.io raises $35 million funding. McAfee sells its enterprise business to Symphony Technology Group for $4 billion.

Networking giant Cisco is looking to invest $3 million to $5 million in Indian enterprise SaaS start-ups for a minority stake. The company has a portfolio of about 10 start-ups that it has already invested in directly or through investment partnerships with VC funds.Whatfix, Videonetics, Mobikwik, Mobstac and CloudCherry are some of the start-ups in its portfolio in India.

Tackle.io, a software company dedicated to helping software providers generate revenue through the Cloud Marketplaces, today announced it has raised $35 million in Series B funding, in a round led by Andreessen Horowitz and joined by existing investor Bessemer Venture Partners. This round of funding will be used to further Tackle’s platform innovation and mission to transform the experience of selling and buying enterprise software.

Vindicia, part of the Amdocs Media Division and a provider in business-to-consumer digital services monetisation, has extended its long-standing engagement with Vimeo.Vindicia provides Vimeo with a complete subscription management and retention solution to maximise customer lifetime value and business agility.

Sydney-based SaaS provider Alcami Interactive has been acquired by US-based Criteria, a SaaS people analytics platform vendor.
Alcami was founded by chief executive Jane Bianchini in 2014 and provides an on-demand video interviewing platform.

Security firm McAfee announced this morning that it will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion.McAfee President and Chief Executive Officer Peter Leav says that his company has decided to direct the firm’s resources to the consumer side of the business. “This transaction will allow McAfee to singularly focus on our consumer business and to accelerate our strategy to be a leader in personal security for consumers,” he said in a statement.

Next Episode

SaaS startup Icertis raises $80 million in Series F funding

SaaS startup Icertis raises $80 million in Series F funding; valuation triples to $2.8 billion. This year's funding was led by existing investor B Capital Group, with participation from Greycroft, Meritech Capital Partners, Premji Invest, PSP Growth, and e.ventures. The company will use this funding to invest in accelerating its AI and Blockchain development, expanding its sales and marketing footprint, and building out its global partner network. It also has plans to expand across Japan, South East Asia, and northern Europe. The funding round makes Icertis the second most valuable SaaS unicorn in the Indian startup circuit after Freshworks, which was valued at $3.5 billion in their last funding round in 2020.

Pipe Raises $50 Million Through Latest Investment Round Led By Raptor Group & Siemens Next47Pipe stated it gives SaaS companies access to the full annual value of their subscriptions, upfront. Since launching its SaaS financing platform in February 2020, Pipe claims it has seen overwhelming demand from early and growth-stage SaaS companies. Speaking about the platform, Harry Hurst, Co-Founder, and Co-CEO of Pipe stated: “When we were approached by such incredible companies with aligned missions to form partnerships, the conversations quickly evolved. We felt it made sense to have the broader ecosystem that powers growth-oriented companies join forces to invest together in the future of revenue as a tradable asset class.”

Legl gets $7M to help law firms upgrade to digital workflows. B2B SaaS startup Legl has bagged $7M in Series A funding led by Octopus Ventures for its platform for law firms which offers tools to streamline core business processes such as customer onboarding, due diligence, and payments. The UK startup was founded just over a year ago by Julia Salasky, a lawyer by background, who previously founded the public interest legal crowdsourcing campaign platform, CrowdJustice. Legl says it’s now working with around 100 UK-based law firms, including around a dozen of the top 200. Series A will be used to expand Legl’s team and grow its UK user base as well as for further development of the product.