Inside SaaS - February 12th, 2019 | Inside.com

Inside SaaS (Feb 12th, 2019)

Google Beefs Up Cloud Sales Team / Dropbox's DHS Contract / Watson Expands

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1. As Google continues to compete with Amazon and Microsoft in the cloud-hosting market, the company will focus on hiring more salespeople to promote its Google Cloud service. The announcement came from Google Cloud CEO Thomas Kurian, a 20+ year veteran of Oracle, whom Google hired in November last year. With Kurian's addition to the Google Cloud team, Google appears to be planning to take some serious steps to keep up with Amazon Web Services and Microsoft Azure, the two companies currently dominating the cloud market. —FORTUNE 


2. Dropbox won a $2.15 million contract with the Department of Homeland Security, in which the file-hosting company will create tech for shipping containers that can detect nuclear material or other weapons. The tech will come in the form of a "tunnel" that scans shipping containers for dangerous materials, which is intended to reduce the need for manual scanning with hand wands. Dropbox has begun hiring manual laborers for the project. —DAILY INDEPENDENT 


3. IBM's Watson software will soon be compatible on Amazon Web Services, Google Cloud, and Microsoft Azure — a move that  directly opens up an IBM product to its cloud competitors. Previously, IBM had been hesitant to allow Watson access in other databases, instead choosing to limit its use to its own cloud services. Now, Amazon, Google, and Microsoft customers will be able to run the Watson software on data stored on their cloud services. —FORTUNE 


4. Morgan Stanley will buy Canadian SaaS company Solium Capital in a $900 million deal. Solium is known for its Shareworks software, used to manage equity plans for employees. Andy Saperstein, Morgan Stanley's co-head of wealth management, said the company plans to build a "Morgan Stanley Wealth Portal" with the IP it will acquire in the deal. —COMPELO 


5. A security flaw was found in a WordPress plugin, Simple Social Buttons, which is used on more than 40,000 WordPress sites. The vulnerability allowed attackers to take over an entire website. —ZDNET 

6. Shopify's projected operating income didn't meet analysts' expectations. After the announcement, its shares fell by four percent. —REUTERS 

7. In a new series of patches, Adobe fixed 75 vulnerabilities in some of its software. —THREAT POST 

8. Public SaaS companies are valued at 10 times their revenue in a time of record highs for the market. —CRUNCHBASE 

9. Adobe is releasing the Enhance Details feature for its photo editing software, which uses machine learning to artificially increase the resolution of zoomed-in images that lost quality. —THE VERGE 

10. Microsoft is taking a broad approach to workplace software with its Power Platform workflow system. —FORBES 


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 cheese account on Instagram).


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