This Week In The SaaS Universe- Updates & Highlights With SpotSaaS Weekly Roundup
Table of Contents
Latest Funding News
Octopus rolls out €220 million to drive green power generation, backs Exagen to build the largest battery in UK
| Company Name | Octopus |
| About the company | Energy Group |
| Founder Name | Zoisa North-Bond |
| Fund raised | €220 million |
| Investors | Canada Pension Plan Investment Board and Origin Energy |
| How will the company use the money | To build new green energy and rapidly grow the energy storage capacity in the U.K. |
Berlin’s smart tech for senior citizens, marta picks up €6.6 million
| Company Name | marta |
| About the company | Smart tech for senior |
| Founder Name | Philipp Buhr and Jan Hoffmann |
| Fund raised | €6.6 million |
| Investors | Capnamic and Almaz Capital |
| How will the company use the money | To expand the core team, scale business processes and set new standards for the live-in care sector |
B2B SaaS Zeew secures $630k Seed Funding
| Company Name | Zeew |
| About the company | On-demand delivery technology |
| Founder Name | Mohamed Ghaith |
| Fund raised | $630,000 |
| Investors | Plug and Play Ventures, Poland Prize, and angel investors |
| How will the company use the money | To grow the team and customer base and to build marketplaces including logistics, in more than 100 countries. |
Mergers & Acquisitions
SpotLite360 IOT Solutions, Inc. Closes Acquisition of Reti Capital Corp
BTTD is a well-known national provider of data-driven digital content that engages audiences, amuses them, encourages interaction, and boosts sales on a variety of digital platforms. One platform they use to share the digital material they create is ImFromDenver.com, which has best-in-class consumer engagement figures.
This platform receives over 300,000 unique visits every day on average and frequently receives over 600,000 visitors. The site received more than 15 million views in a recent 28-day period. Their website consistently ranks in Colorado’s top three most popular among visitors. The greater possibility will be presented to scale the supply chain digital twin among SpotLite360’s clientele as a result of the purchase of BTTD.
OpenText to acquire Micro Focus in $6bn transaction
Mark Barrenechea, CEO of OpenText, talks about stabilizing Micro Focus company and accelerating its move to the cloud. Micro Focus has struggled to find growth and to integrate the $8.8 billion acquisition of HPE Software in 2017, while its SaaS transition has been slow with revenue of just $136 million, or 5% of total revenue, according to OpenText briefing documents.
This is despite recently reaching an inflexion point and slowing the rate of revenue decline. With resources like the Business Network cloud platform and cloud sales of $1.5m, or 44% of total revenue, OpenText is further along in its cloud journey.
MiX Telematics to acquire Trimble’s Field Service Management Business
Trimble is an industrial technology business that is reshaping society by providing services that help clients succeed. The digital and physical worlds are connected by fundamental technologies in location, modelling, networking, and data analytics, which enhance productivity, quality, safety, transparency, and sustainability.
Trimble is redefining sectors like agriculture, construction, GIS, and transportation with products that are specifically designed for them as well as enterprise lifecycle solutions.
SaaS news of the week
Crypto firms say US sanctions limit use of privacy software
SaaS Unicorn Exterro On How it Identified a Massive Opportunity to Create a Global Company
Listen to Podcast
How to Grow Your B2B SaaS with SEO with Jeremiah Smith
Must Reads
Edtech Startups To Be Worst Hit By Funding Slowdown In FY23
Shoobx and Burkland Partner to Help Startups Scale
Infibeam Forays Into Omnichannel Enterprise Software Segment, Picks Up 50% Stake In Vishko22
SaaS Blogs of the week
Top 5 Call Center Operations Software for small businesses in 2022
User Feedback Software Showdown – Survey Sparrow vs Survey Monkey
Web Analytics software – Top 5 software to lookout for in 2022
