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.
Growing its roots way back in 1997, when Bob Parsons founded the company, GoDaddy catapulted to fame with its unique proposition that helped individuals and businesses create websites in a hassle-free way. Fast-forward seventeen years later to the present moment, and we now hear that GoDaddy Group Inc. is ready to go the IPO way.
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.
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.
While you were busy running along walls and throwing missiles back at your opponents during theTitanfallbeta, countless data centers across the world were making sure that each AI-controlled Titan bodyguard had your back. Much of the frenetic action in Respawn Entertainment's debut game rests on one thing: Microsoft's Azure cloud infrastructure.
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.
Microsoft has lost customers, including the government of Brazil. IBM is spending more than a billion dollars to build data centers overseas to reassure foreign customers that their information is safe from prying eyes in the United States government.
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.
Microsoft has made a deal to buy a huge chunk of land in Quincy, Washington. The plot is 200 acres of land and word is that Microsoft plans to use the swath of land to build a new data center. Microsoft already owns 75 acres of land in the same city. The deal is reportedly valued at $11 million and is the biggest land deal in the history of Quincy.
When Box filed its long-awaited paperwork to become a public company, it caused a lot of talk about the financial health of the company, and the long-term viability of its business model. At issue was how much money Box is spending compared to its revenue, particularly on sales and marketing.
Cisco Systems has announced its big play for the future of data networking, a multibillion-dollar business that holds the Internet together. It’s comprehensive, probably compelling for people who already own lots of Cisco equipment (which is most large companies that operate networks), and for Cisco at least, expensive.
Almost three months after the collapse of the personal computer industry forced it to become a private company, Dell is moving on its new strategy. It involves destroying the computer-networking business.