Is Domo Exploring a Platform Strategy?

According to a TechNavio report published last year, the global business intelligence market is expected to grow 8% over the next few years driven by the need for businesses to improve their efficiency. The Americas account for the biggest share of the market with 44% share, followed by EMEA and APAC. Utah-based Domo (NASDAQ: DOMO) is a leading cloud-based provider of BI tools. Earlier this week it reported its fiscal fourth quarter results that surpassed all market expectations.

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BlackLine Counts on APIs For Growth

According to a Market Study Report published earlier this month, the global accounting software market is estimated to grow 7% annually to $17.3 billion in 2024. The report pegs the industry at $11.4 billion last year. Cloud-based financial software provider BlackLine (Nasaq: BL) recently announced its fiscal fourth quarter results that continued to surpass market expectations.

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PaaS: SaaS Companies NEED PaaS Strategy

I have been analyzing SaaS companies for over a decade. More recently, I have been looking into their acquisition strategies, as many have now reached critical mass and need to expand beyond the one product that made them successful to begin with.

Some clear trends are evident in the industry:

First, SaaS companies are acquiring capital efficient startups much more readily than heavily funded ones. Bootstrapped startups are particularly popular as acquisition targets. We’ve covered several prolific acquirers of small startups:

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Twilio Closes the SendGrid Acquisition

Cloud computing software vendor Twilio (NYSE:TWLO) has had a phenomenal stock rally this year. In the last twelve months, the communications platform provider has seen its stock climb an impressive 250%. But analysts are beginning to wonder if the stock has reached its peak.

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What is Next for VMWare?

According to a Gartner report, VMWare (NYSE:VMW) accounts for 91% share of the virtualization infrastructure software market. Even after including vendors like Microsoft that provide virtual machine capabilities bundled with their other server offerings, VMWare still leads with about 60%-75% share of the market.

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Vernacular Social Media App ShareChat Reaches Deep into India

India is a diverse country with over 30 languages and over 1600 dialects. According to KPMG, Indian language Internet users are expected to grow at a CAGR of 18% to 536 million or nearly 75% of the Internet base in 2021. It is this untapped market that Indian social media platform ShareChat caters to. >>>

What More Can Palo Alto Acquire?

Last week, Santa Clara-based Palo Alto Networks (NYSE:PANW) announced its second quarter results that surpassed market expectations and sent the stock soaring to a record high. Its stock climbed 11% in reaction to the result. The company has been growing steadily not only through innovative product releases, but also by following an aggressive acquisition strategy. Since 2018, it has spent over a billion dollars in acquisition of other complementary players. And, with a cash and equivalents balance of over $1.1 billion, those acquisitions are expected to continue.

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How is Workday’s PaaS Strategy Coming Along?

According to a Market Research Future report published last year, the global Human Capital Management (HCM) market is estimated to grow 9% annually to reach $24 billion by 2023. Workday (NYSE: WDAY) may have started out as a HCM provider, but the company has diversified into enterprise services since and its growth continues to surpass market expectations.

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