AWS introduces a solution to get customers off their mainframes more quickly

At Amazon’s AWS re:Invent conference this morning, the company announced a new platform for mainframe migration and modernization called simply “AWS Mainframe Modernization,” which aims to help AWS customers get off their mainframes “as fast as they possibly can” in order to take better advantage of the cloud. Today, customers may take a couple of […]

ThreeFlow raises $45 million to scale its employee benefits placement software

ThreeFlow, which provides software for insurance brokers selling employee benefits, announced today that it raised $45 million in Series B funding. New investor Accel led the round alongside existing investors Emergence Capital, Equal Ventures, and First Trust Capital Partners. The Chicago-based company, formerly known as WatchTower, raised $8 million for its Series A round in […]

LG Energy Solution gets Korea Exchange’s nod for planned IPO

LG Energy Solution, the battery unit wholly owned by LG Chem, received preliminary approval for an initial public offering, the Korea Exchange said in a statement on Tuesday. LG Energy Solution is reportedly planning to submit its IPO application to Financial Supervisory Service as early as this week, aiming to list at the end of […]

How Pilot convinced Index Ventures to think long-term about margins

Whether you agree or not, it’s hard to ignore the fact that the multipliers in Silicon Valley and the growth of software businesses have changed the way we think about a startup’s timeline.

EU retail giant Schwarz Group snags security startup XM Cyber for $700 million

Schwarz Group, an EU-based retail company, announced today that it has acquired Israeli security startup XM Cyber for $700 million. It may seem like a strange partnership, as Schwarz is best known as the owners of the Lidl and Kaufland supermarkets, but the company believes that extending into security will ultimately help benefit its retail […]

Ericsson to acquire cloud communications company Vonage for $6.2B

Ericsson, an international networking company, decided it needed a dose of modernization and this morning announced its intent to acquire cloud communications company Vonage in a $6.2 billion deal. With Vonage, Ericsson is getting a more modern approach to communications that includes a cloud contact center, communications APIs (like Twilio’s) and a voice over internet […]