The Day in SaaS 01.06.22: A Mess for Oracle, Another Payroll Unicorn, The Magic of Miro
Oracle bought Cerner for its AI-powered future. Managing its current problems won’t be easy. Oracle’s latest acquisition is about scale, but it’s buying a $28.3B mess. Cerner has a $10B contract alone with the VA, but it doesn’t work. And Cerner isn’t growing.
Payroll startup PayFit is France’s latest unicorn as it raises $289 million. There are at least a dozen payroll-related unicorns now. France adds the latest.
Alto raises $40 million to help individuals make tax-savvy investments in assets like crypto and artwork. Self-directed IRAs can be an incredible way to invest smaller sums, but boy it’s hard to do in unusual and illiquid assets. Alto is here to change that. Which is cool.
Travis Kalanick's food startup CloudKitchens has tripled its valuation to $15 billion and tapped an Amazon veteran as CFO. He’s back. However you feel about him. And back again in a hyper-competitive, low-margin market.
Nearly 50,000 British .eu websites taken down in final Brexit stages. What a mess.
Visual collaboration company Miro valued at $17.5B following $400M in new funding. Miro is perhaps the biggest quiet Covid beneficiary. It had a slow start and waited almost a decade to raise venture capital. But now it’s at $200m+ ARR and growing triple digits.
OpenText acquires SaaS email encryption company for $860M. The oldies of SaaS and B2B are still paying up in M&A,
Cloud giant Blackbaud acquires social SaaS company Everfi for $750 million. The oldies of SaaS are still paying up in M&A, part II.
The Law of Attach Rates, And Why Partners Usually Can’t Really Move the Needle For You — Directly. Partners are great. But they don’t always deliver customers in droves. Here’s why.
Our latest great video, a deep dive I did with CRO of Box on how their reignited growth at scale. It’s really good: