Tag: saas

Adobe’s path from $200 million to $5 billion in recurring revenue

In 2013 when Adobe launched Creative Cloud, the company broke with selling boxes and refocused on selling subscriptions (software as a service). At the time, the company had about $200 million in annual recurring revenue. Today, Adobe has over $5 billion in recurring revenue. That’s important, because from an investor standpoint, recurring revenue is twice […]

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Statistically speaking, here’s how your SaaS company can succeed (VB Live)

By 2020, eighty percent of SaaS players will move to a subscription-based model. Discover essential SaaS benchmarks based on data from 1,000 SaaS companies, and learn the best practices to maximize revenue, improve acquisition, and spur adoption when you catch up on this VB Live event. Howdy, Debra Sharp Access on demand for free right […]

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Getting to $50 million: How to avoid the SaaS Valley of Death

With companies like Salesforce worth upwards of $100 billion, and incumbents like six-year-old Slack valued at over $7 billion, it would seem there is no better time to be a SaaS company. While this is true in many respects, especially in the U.S. where venture capital is flowing (allowing SaaS companies to scale quickly), the […]

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PhotoShelter raises $8 million to store and manage brand assets

PhotoShelter, a New York-based startup developing an asset management platform for marketers, today announced that it’s secured $8 million in funding led by Level Structured Capital, an affiliated fund of Level Equity. It brings the company’s total raised to $12.2 million following a $4.2 million series A round over a decade ago (in April 2007), […]

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Workplace by Facebook passes 2 million paid users

Facebook’s workplace community and productivity app Workplace by Facebook now has more than 2 million paid users, the company announced today in a blog post. This is the first time Facebook has shared the number of paid users for its enterprise app made to rival Slack and Microsoft Teams, a company spokesperson told VentureBeat in […]

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How B2B SaaS companies can scale like Slack (VB Live)

Subscription pricing and plan structure have a profound impact on subscriber acquisition and retention. Nail the formula, and you’ll see revenue increase. For the essential SaaS benchmarks and best practices that will maximize revenue, improve acquisition, and spur adoption, don’t miss this VB Live event. Register here for free. Because SaaS business have been using […]

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Essential SaaS benchmarks for a competitive advantage (VB Live)

Your subscription pricing and plan structure directly impact acquisition and retention, and nailing the formula requires a test plan and benchmark data. Join this VB Live event for an in-depth look at essential SaaS benchmarks and best practices to maximize revenue, improve acquisition, and spur adoption. Register here for free. SaaS is booming, Gartner says: […]

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Slack competitor Mattermost raises $20 million for its workplace chat app

Private, open-source Slack competitor Mattermost today closed a $20 million funding round to help members of the community contributing to the Mattermost open-source project create new plugins and integrations. The news comes a day after Slack shared plans to go public and workplace collaboration app Coda launched out of beta. Mattermost has shaped itself in […]

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Workplace by Facebook introduces multi-company chat groups and video calls

Facebook today announced that its Workplace by Facebook and messaging app Work Chat will now support conversations across companies for chat, voice calls, and video calls with up to 50 people. Work Chat is the chat client for Workplace by Facebook, an enterprise team communications tool that functions a lot like Facebook but is made […]

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