Workday

  • Why the next great SaaS company will look nothing like Salesforce Crunch Network

    Why the next great SaaS company will look nothing like Salesforce

    Integration companies, while not glamorous, can build market power by positioning themselves at the center of an ecosystem and creating an “ecosystem network effect”, whereby they become a de facto standard. Okta and Segment are both on their way to achieving this. Read More

  • Is big data in big trouble? Crunch Network

    Is big data in big trouble?

    We recently saw two critical developments in the big data and analytics space. Tableau released earnings and missed their forecast by $0.05; their stock dropped 5 percent. Then Hortonworks announced a revenue miss that sent the stock into a downward spiral. What’s going on with the business intelligence and Hadoop space? Read More

  • Workday gives IBM big win with seven-year cloud deal

    Workday gives IBM big win with seven-year cloud deal

    Workday announced a 7-year cloud infrastructure deal with IBM Softlayer today to run their development and testing services on IBM’s cloud, handing IBM a huge win in the process. The Wall Street Journal first reported the news. It’s a big deal from a number of perspectives. First of all, it’s the size and scope of the deal, running seven years. Secondly, it’s a… Read More

  • You’ve Only Got One Shot At Building A Consumer Unicorn Crunch Network

    You’ve Only Got One Shot At Building A Consumer Unicorn

    Imagine if the founder of a very successful consumer technology company knocked on your door and offered to get you in on the ground floor of their new enterprise. Almost any VC would jump at the chance, as would most engineers and designers. But I wonder if they’re most often making a mistake? I can point to a number of founders who have had repeat success in B2B markets. Read More

  • NYC Rises As A Hub For Software-As-A-Service Startups Crunch Network

    NYC Rises As A Hub For Software-As-A-Service Startups

    As the market continues to mature, and as we watch a blossoming of SaaS activity in New York City, we believe that NYC is poised to become a genuine leader in the formation of companies leading the next wave of enterprise transformation. Read More

  • Why Billion-Dollar Valuations Don’t Matter Crunch Network

    Why Billion-Dollar Valuations Don’t Matter

    In the last few years, there’s been a massive decoupling between private and public markets. A Goldman Sachs report shows that since December, five of the seven most recent IPOs for billion-dollar startups came in at valuations equal to or below their pre-IPO valuations. Read More

  • Workday Launches Workday Ventures To Fund Machine Learning Startups

    Workday Launches Workday Ventures To Fund Machine Learning Startups

    Workday, the 10 year old company that specializes in finance and human resources software in the cloud, announced a new program today called Workday Ventures, an investment arm focusing on startups with a machine learning bent. It intends to fund 10-12 companies this year with executives Dan Beck, senior vice president of technology products and Adeyemi ‘Ade’ Ajao, vice… Read More

  • Workday Falls 5% Despite Beating Market Expectations In Its FQ1

    Workday Falls 5% Despite Beating Market Expectations In Its FQ1

    Following the bell, Workday reported the results of the first quarter of its fiscal 2016. The company lost $0.02 per share during the period, using adjusted metrics, on revenue of $251.0 million. Investors had expected the company to lose an adjusted $0.08 per share on revenue of $245.0 million. In its sequentially preceding quarter, Workday had top line of $226.3 million. The company, up… Read More

  • Salesforce Ties Together Different Platforms With New Performance Edition

    Salesforce Ties Together Different Platforms With New Performance Edition

    Salesforce.com has pulled together several of its platforms to create what it calls the Performance Edition. The new service will combine the company’s Sales Cloud, Service Cloud and Salesforce Platform with Data.com, Work.com and its new identity service. Other services that are part of the package include its web-chat platform for connecting customers with customer service help and… Read More

  • Defining A Successful IPO: $FB “Flopped” Yet Workday “Wins” By Handing $470M To Investors?

    Defining A Successful IPO: $FB “Flopped” Yet Workday “Wins” By Handing $470M To Investors?

    Congratulations, Workday. Its share popped 74% when it IPO’d today. Or should I say condolences? $470 million ended up in the pockets of investors instead of the cloud startup’s war chest. Meanwhile, Facebook is called a flop for filling its coffers with $10 billion by pricing shares at nearly twice its current value. This all raises the question, how should Silicon Valley define… Read More

  • HR Software Maker Workday Sets Price Range For IPO At $21 To $24 Per Share , Valued At Nearly $4B

    HR Software Maker Workday Sets Price Range For IPO At $21 To $24 Per Share , Valued At Nearly $4B

    Workday, a company offering online tools for enterprises to manage human resources, payroll, and finances, has set the terms for its IPO. The company is pricing its shares between $21 and $24 each, according to an SEC filing this morning. The company could raise as much as $628 million in the offering. At the high-end of the range, Workday is valued at nearly $4 billion ($3.8… Read More

  • Oracle Buys SelectMinds For Using Facebook And Social Networks To Recruit Employees

    Oracle Buys SelectMinds For Using Facebook And Social Networks To Recruit Employees

    Oracle has acquired SelectMinds, a provider of cloud-based, social talent sourcing apps that allow companies to use social networks such as Facebook to recruit employees. Terms of the deal were not disclosed. It is Oracle’s year for buying companies in the human capital management market (HCM). Earlier this year it acquired Taleo for $1.92 billion. Taleo’s solutions help… Read More

  • HR Software Maker Workday Files For $400M IPO

    HR Software Maker Workday Files For $400M IPO

    Workday, a company offering online tools for enterprises to manage human resources, payroll, and finances, just filed an S-1 form declaring its intention to raise up to $400 million in an IPO. Reuters reported in July that the company had quietly filed for an IPO but was able to keep the documents secret for a while longer thanks to the JOBS Act. Now it’s official — the S-1 is… Read More

  • The Math of TechCrunch, Part 2: Does It Play Favorites?

    Editor’s note:  Previously, in “The Math of TechCrunch, Part I: Is TechCrunch Still About Startups?” guest author Mark Goldenson analyzed more than 20,000 TechCrunch stories to find out how much we actually cover startups versus big companies.  In this post, he drills down by investors, authors, and market segments.  Goldenson is CEO of Breakthrough.com, a startup… Read More

  • TC50 Backstage: Reid Hoffman on a LinkedIn IPO and What Startups May Beat Him Out

    Here’s the thing I love about Reid Hoffman. There’s no “We-don’t-comment-on-rumors-and-speculation” BS with him. You ask him a question and he gives you an answer. So you don’t need a bunch of words from me, just go to the jump and watch our final backstage interview of the conference where Hoffman talks about whether LinkedIn will buy Xing and whether… Read More

  • Workday Raises $75 Million For Human Resources Software

    Workday, a financial and human resources SaaS provider, has secured $75 million in Series E funding led by New Enterprise Associates (NEA) (which contributed $45 million) with existing investors Greylock Partners and Workday CEO and co-founder Dave Duffield also participating. Duffield founded PeopleSoft, which he sold to Oracle in January 2005 for $10.3 billion. The company has raised a total… Read More

  • Zoho People Launches for Free. Does Salesforce.com Have Anything to Worry About?

    If you’ve heard of Zoho, you probably think of Zoho Office, its suite of Web-based productivity software (word processor, spreadsheet, presentation). But Zoho Office is primarily as a marketing exercise. Zoho’s real business is in offering a series of Web-based enterprise apps that it started introducing last September—CRM, Project Management, Web conferencing, an… Read More