Inside SaaS - February 5th, 2019 | Inside.com

Inside SaaS (Feb 5th, 2019)

Slack Files to Go Public / G Suite Growth / IBM in the Kitchen

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1. Slack has confidentially filed paperwork for a public offering, the company said. The move confirmed rumors that the workplace messaging software company was considering a direct public listing — a move that Spotify made last year. Slack is awaiting a review from the SEC, and some firms have valued the company at $13 billion — almost double the $7.1 billion valuation from private investors from last year, according to the New York Times. —NEW YORK TIMES 


2. Google G Suite now has 5 million paying customers, the company said. The announcement came from CEO Sundar Pichai during the company's quarterly earnings report, and the number represents an increase of 1 million customers from the same time last year. In addition, Pichai said the number of Google Cloud Platform deals over $1 million has doubled. —9 TO 5 GOOGLE 


3. As Amazon's Web Services continues to grow, it's clear the company is coming after competitors like Google. AWS is growing at a rate of 46 percent per year, while revenue from Amazon's other ventures like retail is beginning to level off. After AWS and advertising were responsible for 33 percent of Amazon's revenue growth last year, it's likely the company will likely soon shift focus. —BLOOMBERG 


4. IBM is dipping into the culinary world in a partnership with McCormick, using artificial intelligence to create spices and seasonings. In a somewhat unusual move for the company, IBM will employ machine-learning software to create spice blends that are appealing to humans, which will be sold as all-in-one packets by McCormick. IBM said the tech could be used to create fragrances, detergents, and other products in the future. —FORTUNE 


5. Microsoft explained why some users had issues downloading last week's Windows update — there was an outage at a DNS provider. —ZDNET

6. Investors are hoping Shopify's growth hasn't continued to stall ahead of the company's quarterly earnings report. —YAHOO FINANCE 

7. Google still won't release the run rate for its Cloud platform. —ZDNET 

8. Adobe is still taking applications for its salaried 2019 Creative Resident program, in which residents spend a year working at the company. —ADOBE 

9. For Forbes, Janakiram MSV laid out five steps Google Cloud SVP Thomas Kurian will have to take to transform Google Cloud Business. —FORBES 

10. Slack paved over the workplace messaging competition during its journey toward a public listing, including Skype and Google Hangouts Chat. —THE VERGE 


Written and curated by Sean Wolfe. He is a tech reporter based in Brooklyn, New York, and has previously worked at Business Insider and GIE Media. Follow him on Twitter at @seanthomaswolfe.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies) and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheeseaccount on Instagram)


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