Before its IPO, Groupon promised investors that it was going spend more money on data centers.
But its cash flow is brutally tight. Even with the $700 million it raised in its IP), it doesn't have the cash to build its own data center, says BetaBeat.
The company had $243.9 million in cash and equivalents when September closed, according to the Motley Fool.
Editor’s note: Beth Seidenberg, M.D. , is a general partner with Kleiner Perkins Caufield & Byers, focused on life science and digital health investing. Before joining the firm in 2005, she worked at a number of pharmaceutical businesses, mostly recently as chief medical officer at Amgen. Spurred by the Affordable Care Act , the American healthcare system in 2014 has entered a period of titanic change. The process will be messy and disruptive – it already is.
Fresh from celebrating its fifth anniversary last week, Groupon today reported its Q3 earnings: it’s a mixed picture but shows that Groupon continues to make good on its commitment to take its business beyond the daily deals that are its bread and butter and into a wider marketplace for location-based and mobile commerce. Groupon reported revenues of $595.1 million with EPS of $0.
Apigee has disclosed a $20.5 million stock transaction as part of its previously announced acquisition of InsightsOne, according to a filing with the SEC.Terms of the deal were not previously disclosed. In its Registration D filing today, the company acknowledged the $20.5 million equity transaction was made in connection with the acquisition.
IBM Calls Amazon Unprepared to Secure Intelligence Data Against the backdrop of a $150 million lawsuit over a contract to build a secure computer cloud for the U.S. intelligence community, an IBM executive swiped at competitor Amazon last week, calling the company’s cloud services unreliable and not up to government standards.
Twitter’s Private Filing Signals New Wave of Secrecy Twitter Inc., the business that thrives on a culture of excessive sharing, is taking a more discreet route to its initial public offering, adopting a strategy that others will follow. The microblogging service sent out a 24-word tweet yesterday announcing that it had confidentially filed to go public with the U.S.
This has been a year for failures. HealthCare.gov, the Facebook Phone, Microsoft’s bailout of Nokia, and the abortive sale of BlackBerry were just exclamation points on a year that saw the economy slowly turn around. Some companies succeeded wildly, and others…well, not so much.
For the most part, investors have been lapping up enterprise tech IPOs. Not so for Violin Memory, makers of flash storage systems for enterprises.It raised $162 million by selling shares for $9 to investors that subscribed to its IPO, but when the opening bell rang on Friday, public investors weren't biting at that price.The stock tanked, opening at under $8 dollars and trading as low as $7.
This week Google inked a deal with car maker Audi to run its in-car information and entertainment systems. It is a well-known fact that several car makers are looking at Android to power their information systems. Apple is also trying to ink deals with car makers for in-car systems powered by iOS.
RingCentral, the cloud-based phone service, will open trading tomorrow on the New York Stock Exchange at $13 per share, offering 7.5 million shares and raising $97 million. It will trade under the ticket symbol “RNG.”Violin Memory, a Flash memory provider, will also debut tomorrow under the symbol “VMEM.
Insiders who worked on US health website describe high stress, complaints about major problemsWASHINGTON (AP) — Crammed into conference rooms with pizza for dinner, some programmers building the Obama administration's showcase health insurance website were growing increasingly stressed. Some worked past 10 p.m., energy drinks in hand.
New York call center company Verint Systems is buying Kana Software for about $514 million in cash, the companies announced on Monday . This is interesting because news also leaked on Monday that Microsoft will buy Kana's competitor Parature for about $100 million. Both Kana and Parature offer software for customer service.
The 20 Hottest Startups in Israel The Israeli startup scene needs little introduction. Tel Aviv is rapidly becoming one of the most innovative tech hubs on the planet, vying with London, New York and Berlin as Silicon Valley's second. Big acquisitions, such as Waze to Google and Snaptu to Facebook , as well a upcoming IPO for Outbrain means Israeli startups are aspiring for big exits.
Enterprise startup Nutanix has officially announced another $101 million in venture capital investment, with an impressive $1 billion valuation. We broke the news last month that Nutanix was working on this massive round. We had heard that the valuation would be in the $800 million - $900 million range, but Nutanix has topped that estimate.
Keep your eye on an up-and-coming enterprise startup called Nutanix, which is in the process of raising a huge $100 million round of venture investment, according to documents filed by the company and unearthed by VCExperts. If the company is successful in this raise (and it wouldn't have authorized the shares otherwise), it will have landed $171 million in total funding.
Groupon today made another move to build up one of its vertical marketplaces: today the company said it would add 20,000 more hotels to its Groupon Getaways travel portal. This is one step in a series, Groupon tells me: the next will be to integrate last-minute bookings from Blink, the HotelTonight competitor that Groupon acquired last year.
Groupon founder, and former CEO, Andrew Mason had an interesting reaction to Twitter's confidential IPO. Confidential S1s? But what could be wrong with releasing 100s of pages of new financial and strategic co. info to the Internet while gagged? — Andrew Mason (@andrewmason) September 13, 2013The company was shredded by the press, often called a "Ponzi scheme.
In a world where your every move is tracked, what would you pay for a secure cellphone? Dr. Björn Rupp is willing to bet it’s about $3,500. His company, GSMK Cryptophone builds cellphones that are secure from the ground up.