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How SADA Systems' Big Bet On Google Propelled The Firm To $1B In Bookings

MSP SADA Systems' made a big bet two years ago to singularly focus on its Google Cloud business after selling off its Microsoft business, and the bet is paying off, according to SADA CEO Tony Safoian. ....

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VMware CEO Raghu Raghuram: Spin-Off From Dell 'On Track' For November

VMware CEO Raghu Raghuram shared details on VMware’s upcoming spin off from Dell Technologies and customer appetite for subscriptions and multi-cloud environments on the company’s Q2 earnings call. ....

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Microsoft Jumps 'Light Years' In Health Care AI With Nuance Acquisition: Partners

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Machine Identity Management Unicorn: Thoma Bravo Majority Stake Drives Venafi Valuation To $1.15B

Machine Identity Management Unicorn: Thoma Bravo Majority Stake Drives Venafi Valuation To $1.15B
“Thoma Bravo invests in category creators and leaders,” said Venafi CEO Jeff Hudson. “That ($1.15 billion) valuation is a good valuation. It makes us a Unicorn.This is a pivotal moment for us. We have done a lot to get to this place and now the market is exploding.”
By
Steven Burke December 10, 2020, 07:22 PM EST
Private equity powerhouse Thoma Bravo continued its security software investment blitz by buying a majority stake in machine identity management software provider Venafi.
The controlling stake officially marks Venafi’s debut as a “unicorn” with the privately held company’s valuation breaking the $1 billion barrier to $1.15 billion. ....

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