Mavenir’s Recent IPO Recovers After a Shaky Start

According to a Gartner report published last year, the global spending on carrier network infrastructure grew 3.2% in 2012 to $80.5 billion in 2013. Analysts believe that as mobile devices gain importance, consumers are shifting their preferred communication mode from traditional voice call to a combination of voice, video, and messaging services. Today, consumers want access to better Internet capabilities on their mobile devices so that they can share rich multimedia content including live streaming of video and audio services.

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Wix – A Big Success Story from Israel

According to a survey by Netcraft in October 2013, there were more than 767 million websites on the Internet across all domains. The number of websites have quadrupled over the last five years. The influx of mobile devices has also created the need for websites that can cater to mobile operating systems. Additionally, today consumers demand a higher level of customization and functionality from a web site. >>>

China’s Sungy Mobile is Making it Big on the Nasdaq

According to a recent report by comScore, mobile device-based Internet usage is now ahead of desktop-based Internet usage in the US. In January, 55% of Internet usage in the US came from mobile devices. Mobile apps accounted for 47% of the usage and mobile-based browsers contributed to 8% of the total Internet usage in the country. >>>

Baidu and Alibaba Delivering on China’s Mobile Explosion

According to a Pew Research Center report, nearly 79% of China’s 590.6 million Internet users accessed the Internet through a mobile device. A year ago, China had 564 million Internet users of which 74% were using a mobile to access the Web. During the same period, the research firm estimates that desktop usage slipped from 70.5% to 69.5%. Chinese online players are ensuring they tap early into this growing mobile trend.

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LivingSocial: Fall From Grace

Last year, daily deals market leader, Groupon announced that their CEO and founder would step down from his position. Earlier this year, competitor LivingSocial made a similar announcement with CEO and co-founder Tim O’Shaughnessy announcing his plans to exit from the company. He leaves behind a company still struggling to find a sustainable business model.

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Electronic Arts is Delivering Across Platforms

The recent launch of new video game consoles of Xbox One and PS4 have resulted in slowing down of game software sales as the publishers are yet to create games geared for these consoles. However, publisher Electronic Arts (NASDAQ: EA) does not have much to worry about. According to NPD, during December, three games by Electronic Arts were in the top ten listing. Shooter game Battlefield 4 was the second highest selling game with Madden NFL 25 coming in fourth and FIFA 14 at the ninth place. As Electronic Arts continues to expand their digital offerings, their revenue growth is returning.

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SAP Targets Revenue of $30 Billion by 2017

According to a report published last year, the worldwide Enterprise Resource Planning (ERP) market continues to be dominated by SAP which holds a 24.6% market share. Overall, in 2012, the ERP market grew 2.2% over the year and SaaS-based ERP offerings accounted for 13% of the global ERP market. Gartner projects that the contribution of SaaS-based ERP solutions will continue to increase and expects it to account for 20% of the global ERP market by the year 2016.

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Workday’s Latest Acquisition

Pacific Crest analysts peg the global addressable market for SaaS-based Human Resource Management offerings to grow from $50 billion last year to $70 billion by 2015. The market is dominated by three key players – SAP, Oracle, and Workday. In 2011, IDC estimated SAP to own 17.4% of the market, followed by Oracle’s 12.4% share and Workday’s 3.5% market share. Since then though, the landscape has changed significantly with both SAP and Oracle adding to their portfolios SuccessFactors and Taleo, respectively and Workday going public.

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Salesforce Delivers on Mobile

According to a Forrester research report, worldwide IT spending is projected to grow 6.2% this year. The growth is driven by IT spending on the software segment, which will grow 7.8% this year. Forrester believes that the software market growth is attributed to spending on SaaS, mobile app development, business intelligence, and analytics solutions. As CRM provider Salesforce.com (NYSE:CRM) delivers on this trend, their stock continues to soar to new heights.

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Angie’s List Struggles, More Woes Ahead

After a minor turnaround earlier last year, local business reviews site Angie’s List (Nasdaq: ANGI) seems to be back in the rough. Recently released dismal financial results continue to spell gloom for the company. And there doesn’t seem to be a revival in sight.

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