Here are five (actually, far more…) technology news updates, insights, chatter, and plenty more to start your day for Friday, December 13, 2019.
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A. What’s Hot Today
1. M&A - Speculation: StorageCraft's private equity parent, TA Associates, may be preparing to sell the data protection, backup and disaster recovery (BDR) software company in 2020. TA Associates acquired StorageCraft in January 2016...
3. Broadcom Financial Results: Broadcom's fourth-quarter earnings beat Wall Street estimates on Thursday, but investors were put off by slowing growth in semiconductor business and a lukewarm revenue forecast for 2020, sending its shares down about 2% in extended trading, Reuters reports.
4. Talent - Oracle CEO: Oracle has no plans to hire a co-CEO to replace Mark Hurd, who died in October. Safra Catz continues forward as the company's solo CEO, and Oracle will hire and groom the 'next layer down' of talent to eventually succeed Catz and Chairman Larry Ellison, the Oracle founder said yesterday. Related: Oracle OpenWorld 2020 is now confirmed for September in Las Vegas.
5. Talent - Salesforce: The SaaS CRM giant has named Bret Taylor as president and COO. He oversees Salesforce's global product vision, engineering, security, marketing and communications. He is the co-founder and former CEO of Quip, which Salesforce acquired in 2016.
6. IT Outsourcing - Fast Food: Wendy's is outsourcing IT, resulting in costs of up to $15 million on IT restructuring, according to an 8-K form filed with the U.S. Securities and Exchange Commission, CIO Dive reports. The move comes as rival McDonalds acquires artificial intelligence, self-service and drive through technologies as part of a digital transformation strategy.
7. SMB Funding: Qwil, a startup that provides financing to freelancers and small businesses, has raised $24.4 million in equity and $200 million in debt funding from investors including Jefferies Financial Group Inc, Reuters reports.
8. Brexit - Moving Forward: This week's UK election outcomes suggest the country will get Brexit done by the end of January 2020. No doubt, the overall process will stretch on in many ways. But businesses worldwide are hopeful that they now have clarity in terms of Brexit next-steps for near-term business planning.
C. Upcoming Technology Conferences
- Markforged 3D Printer Global Partner Summit (Jan. 5-8, 2020, Savannah, Georgia)
- NRF 2020: Retail’s Big Show (January 12-14, New York)
- Citrix Summit 2020 (January 13-15, Orlando, Florida)
- Auvik Networks Frankly MSP Live (January 14-15, Santa Barbara, California)
- TruMethods Schnizzfest 2020 (January 19-21, Orlando, Florida)
- Top 50 Technology Events in 2020 for Partners
- Bonus: ChannelE2E’s complete event calendar
Got news to share for our morning update? Email me: [email protected].