Inside SaaS - June 11th, 2019 | Inside.com

Inside SaaS (Jun 11th, 2019)

Salesforce buys Tableau / Slack's IPO / Zendesk links with Domo

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1. Salesforce has bought data visualization firm Tableau for $15.7B, the largest purchase in the company's history. The deal signals that Salesforce is looking to offer a 360-degree view of the customer through advanced data insights. The move compliments a previous deal -- the $6.5B acquisition of enterprise SaaS MuleSoft that Salesforce made last year. Seattle-based Tableau has more than 86,000 customers, including large tech companies such as LinkedIn and Verizon Communications. -- CNBC


2. Enterprise SaaS company Atlassian topped $1 billion in revenue in May. In an interview with Forbes, Atlassian president Jay Simmons said that 130,000 different organizations now use its software products, which include workflow management platform Trello, team collaboration platform Confluence, and issue tracking application Jira. In early May, a Goldman Sachs analyst upgraded Atlassian's status to "buy," and the company's share prices rose 14.3 percent for the month. -- FORBES


3. Slack has released Q1 financial results while uncertainty continues to loom over its upcoming direct listing. The San Francisco-based workplace chat and collaboration SaaS said that Q1 revenue reached $134.8 million, a year-over-year increase of 67 percent, with over 95,000 paid customers and 10 million active daily users in 500 organizations, including about two-thirds of the Fortune 100. However, Slack posted a net loss for Q1 of $31.8 million and higher-than-usual losses are expected in Q2 due to one-time IPO expenses. Through the direct listing, Slack will not issue new shares but instead begin publicly trading those already held. -- ZDNET


4. Zendesk is gathering bullish calls from hedge funds as the customer service SaaS inks a partnership with IoT cloud Domo. The partnership between Zendesk and Domo has culminated with the launch of a new Zendesk app built on top of Domo's IoT cloud, which will aim to better enable a "proactive customer service experience." Meanwhile, hedge funds have taken a bullish position on Zendesk, with many moving the company to "buy" status.-- MARTECHSERIES


5. The Gates Foundation-backed agri-tech SaaS CropIn aims to double farmers' income by 2022. Bangalore-based CropIn is investing in big data analytics, remote sensing and artificial intelligence to provide farmers real-time data. The company, which received $8 million from the Bill and Melinda Gates Foundation, now partners with over 100 clients in more than 30 countries to digitize over 5 million acres of farmland. -- ENTREPRENEUR 


6. Cloud enterprise SaaS stocks are tumbling after reports of longer sales cycles and difficulties with sales execution. These themes played out as Cloudera announced that it would be replacing its CEO last week and DocuSign shares plunged 12  percent on challenges generating revenue. -- CNBC

7. Google Maps is testing a feature that will alert passengers when taxis go off route. The beta test is being undertaken in India as a safety feature and will alert users when the taxi has deviated over 500 meters (0.3 miles) off its scheduled route. It is unclear when the full release will be. -- VERGE 

8. Dublin-based software company Glantus has acquired London-based business intelligence group Dynistics for £1.75M ($2.23M). Glantus founder Maurice Healy said the acquisition allows for an "enhanced its product portfolio" and "a specialist solution for the education sector in Ireland and the United States." -- IRISH TIMES

9. San Francisco-based gaming software company Unity Technologies expanded its Montreal office and added anAI lab. The expansion will include the recruitment of AI experts and is expected to create 450 new jobs. -- BETA KIT

10. Microsoft launched new AI capabilities that allow users to build apps with AI with greater ease. Through the combination of Microsoft's PowerApps, Microsoft Flow and its new AI Builder tool, the software giant hopes to make the building of machine learning tools more available for the average business. -- TECH CRUNCH 


This newsletter is written and curated by Justin Calderón. Justin is based out of Barcelona, Spain, and has covered technology and SaaS news for a variety of publications, including the BBC and Newsweek. Follow him on Twitter at @justinfuyun

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside), David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology), and Bobby Cherry (senior editor at Inside, who’s always on social media).


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