Dropbox to Slash 11% of Workforce
The software company has been shifting to remote work, which "means we require fewer resources to support our in-office environment.”
Facebook Adds CRM Platform With Kustomer Buy
The deal “could provide businesses and customers with more support for interactions that occur on Facebook and its other apps."
Aveva to Buy OSIsoft for $5B
The rights issue to finance the deal would be the largest this year from a U.K. company.
Snowflake Files for Big Tech Initial Offering
The cloud-based data warehouse company is “one of the world’s most valuable former startups that is still private."
Oracle Shares Slip as Q4 Sales Drop 6%
The software giant saw a drop-off in deals, particularly in industries most affected by COVID-19 such as hospitality and retail.
Skillsoft Files Chapter to Ease $2B Debt Burden
“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
Slack Shares Slump on Disappointing Guidance
The full-year forecast fell below “high investor expectations for team collaboration and communication names amidst this [work from home] era.”
Cisco Adds ThousandEyes to Watch Internet
The acquisition of the web monitoring startup will expand a business that Cisco has been building since it acquired AppDynamics in 2017.
Salesforce Tops Estimates as Q1 Sales Rise 30%
"Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model."
Intuit Warns of Revenue Hit From Virus Crisis
The software firm cited the negative impact of COVID-19 on small business customers and the extension of the tax filing deadline to July 15.
SoFi Buys Payments Processor Galileo for $1.2B
The deal will add payments functionality to SoFi's growing array of consumer financial options.