Billion Dollar Unicorns: Okta Faces Tougher Competition from Cisco

According to a Tech Navio report published earlier this year, the global identity and access management (IAM) market is estimated to grow 13% annually over the next four years. The growth will be driven by the continuing adoption of Bring Your Own Devices (BYOD) in the workplace. The Americas were the biggest market for the industry and accounted for 41% of the share. However, as growth picks up in EMEA and the rest of the world, America’s market share is estimated to reduce 4% during the forecast period. Here is an interesting infographic from the report.

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Red Hat Stumbles, Yet Again

Linux provider Red Hat (NYSE: RHT) continues to deliver disappointing results. Despite missing expectations, the company does not appear worried. It believes that it has hit the “bottom” and things will only grow from here.

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Billion Dollar Unicorns: Should Oracle Buy MongoDB?

According to a Market Research Media report published earlier this year, the global NoSQL market is estimated to grow 21% annually to $3.4 billion by 2024. Analysts believe that with unstructured data having surpassed structured data globally, NoSQL will be the primary DBMS platform going forward. Billion Dollar Unicorn MongoDB (Nasdaq:MDB) is already delivering results on this high growth trend.

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Billion Dollar Unicorns: Swiggy Enters the Club with Massive Funding

According to RedSeer Consulting, India as a market holds tremendous potential for food delivery apps with the sector recording a 125% increase in order volumes. A huge beneficiary of this trend is Indian food delivery startup that recently entered the Billion Dollar Unicorn club. >>>

Proofpoint Expands Through Tie-ups and Acquisitions

Gartner estimates the worldwide enterprise security spending to grow 8% this year to $96.3 billion. As the US gets ready for midterm elections this year, there is growing concern regarding election interference as well. Government agencies and organizations are all gearing towards managing the growing threat of cyber attacks. Sunnyvale, California-based Proofpoint provides cloud-based email security solutions that help organizations secure their data.

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Billion Dollar Unicorns: DoorDash Enters the Club Mired in Controversy

After a hiatus, funding in the on-demand food delivery has picked up this year. DoorDash is a huge beneficiary of this trend, raising $785 million and entering the Billion Dollar Unicorn club.

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Is Imperva Just Another Cyber Security Player?

According to a report by Cyber Security Ventures, the global spending on cyber security products and services will grow to more than $1 trillion by the year 2021 from $120 billion in 2017. The growth in the industry will be driven due to the rising pressures of cyber crime. Imperva (Nasdaq: IMPV) has been a player in the sector for quite a while.

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Adobe Making Big Moves in the Martech Industry

Last quarter we were searching for answers to what Adobe (Nasdaq: ADBE) was looking to acquire with its $6 billion cash reserve. This quarter it answered that question by making some big acquisitions. But first, the financials.

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