Enterprise 2.0 News


May 21, 2019
Canva has raised another $70 million to expand its graphic design platform. The round, which values the company at a massive $2.5 billion, brings its total raised to $166 million. The news comes mere days after the provider of design and publishing tools acquired the free stock image providers Pexels and Pixabay and launched a new subscription service for its premium image marketplace, Photos Unlimited. The new capital, however, will be used to fuel another new product, Canva Enterprise, which is tailored for larger brands and businesses seeking additional brand control and collaboration. Today Canva counts 15 million users in 190 countries.
May 21, 2019
People.ai, which has built a platform to ingest all the data that salespeople generate in the course of their work, and then use it to provide guidance to them to help source and close more deals, is today announcing that it has raised another $60 million in funding, which it will use to continue growing the business and building partnerships with new channels, such as system integrators to target bigger enterprises. Alongside this, it is also launching a new product that it calls “The Wire” — a feed of insights that salespeople can access to find leads, pick up tips on how to approach them and ultimately to sell to them.
May 21, 2019
Customer engagement service provider Freshworks, which develops Freshdesk, has acquired Natero, a customer success service with some AI/ML smarts that helps businesses prevent churn and manage their customers. The acquisition will help the company complete its mission to provide its users with a 360-degree view of their customers. Freshdesk started out with a focus on customer support and then added additional functionality for marketers and other roles over time. Today, however, companies want this full 360-degree view of a customer and to be able to offer differentiated service to their top customers, for example. In many ways, the acquisition of Natero closes the loop here.
May 16, 2019
SugarCRM has acquired Salesfusion to help build out the marketing automation side of its business. SugarCRM CEO Craig Charlton says he recognized that marketing automation was an area of the platform that badly needed enhancing. Faced with a build or buy decision, he decided it would be faster to buy a company and began looking for an acquisition target. It has been a period of transition for SugarCRM, which has had a hard time keeping up with giants in the industry, particularly Salesforce. The company dipped into the private equity market last summer and took a substantial investment from Accel-KKR, which several reports pegged as a nine-figure deal, and PitchBook characterized as a leveraged buyout.
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