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Top related persons:
Frank Slootman - 1 Tim Cook - 1 Satya Nadella - 1 He's - 1 — - 1 Nadella - 1 Cook - 1 Slootman - 1
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Netherlands Palo Alto , California Centerview
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Snowflake - 1 Bloomberg - 1 Service - 1 ServiceNow Inc - 1 Data - 1 Google - 1 Centerview Partners - 1 Cisco Systems - 1

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13 mentions found


☆ The tech CEO who quietly built a bigger fortune than Tim Cook
  + stars: | 2024-03-04 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
Former Snowflake CEO Frank Slootman has achieved vast wealth as a non-founding tech exec. Bloomberg pegs his net worth at $3.7 billion — higher than both Tim Cook and Satya Nadella. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe wildly successful and outspoken tech executive who just stepped down as CEO of Snowflake may not be as well-known as Apple's Tim Cook or Microsoft's Satya Nadella — but he's wealthier than both.
Persons: Frank Slootman, Tim Cook, Satya Nadella, He's, —, Nadella, Cook, Slootman, Snowflake, Peter Thiel, Elon Musk, Palmer, Katie Warren, Sridhar Ramaswamy Organizations: Snowflake, Bloomberg, Service, ServiceNow Inc, Data, Google Locations: Netherlands
☆ Cisco working with M&A firm Tidal to acquire cybersecurity firm Splunk in $28 billion deal
  + stars: | 2023-09-21 | by ( ) edition.cnn.com   time to read: +1 min
A new mergers and acquisitions advisory firm launched last year by former Centerview Partners dealmakers has scored a big win by advising Cisco Systems on its $28 billion acquisition of cybersecurity firm Splunk. Based in Palo Alto, California, Tidal Partners was started by technology bankers David Handler and David Neequaye. “We’ve known David (Handler) and his partner David (Neequaye) for a very long time. Handler and Neequaye helped launch Centerview’s technology advisory group in 2008. The group went on to advise other major technology companies, including Cisco, Qualcomm Inc and Twilio.
Persons: Centerview Partners dealmakers, David Handler, David Neequaye, Qatalyst, Morgan Stanley, Splunk, Handler, “, David, we’ve, Chuck Robbins, Tidal’s, Neequaye, Bloom, Centerview Organizations: Centerview Partners, Cisco Systems, Tidal Partners, Cisco, Qatalyst Partners, NDS Group, AXOM Partners, Reuters, Qualcomm Inc, G2K, UBS Group Locations: Palo Alto , California, Centerview
☆ ServiceNow targets enterprise-software startups with $1 bln investment in venture arm
  + stars: | 2023-05-17 | by ( ) www.reuters.com   time to read: +1 min
May 17 (Reuters) - Cloud-computing firm ServiceNow Inc (NOW.N) said on Wednesday it would invest $1 billion in its venture arm by 2026 to back enterprise software-focused startups in artificial intelligence and automation, among others. The investment in ServiceNow Ventures comes at a time when funding for early-stage technology companies has dried up due to rising interest rates and high inflation. Since its inception in 2015, the venture arm has invested about $300 million across 45 companies. "Enterprise software is more mission-critical than ever before, as companies look to drive innovation, efficiency and productivity," the California-based company said. Last month, ServiceNow became a strategic partner and anchor investor in Smith Point Capital Fund I, an enterprise software-focused venture investment firm founded by former Salesforce Inc (CRM.N) co-CEO Keith Block.
☆ Nvidia turns to AI cloud rental to spread new technology
  + stars: | 2023-03-21 | by ( Stephen Nellis | ) www.reuters.com   time to read: +4 min
Huang said Nvidia was also working with Microsoft and Alphabet Inc (GOOGL.O) to offer its supercomputers, used to create new AI products, as a service. Nvidia's new rental service, called DGX Cloud, could give many more developers the chance to access tens of thousands of its chips at once. Biotech firm Amgen Inc (AMGN.O) and software firm ServiceNow Inc (NOW.N) have started using the service, Nvidia said. Nvidia also launched a service called AI Foundations to help companies train their customized artificial intelligence models. Nvidia said it was working with ASML Holding (ASML.AS), Synopsys Inc (SNPS.O) and TSMC to bring it to market.
☆ Business Technology Chiefs Question ChatGPT’s Readiness for the Enterprise
  + stars: | 2023-02-15 | by ( Angus Loten | Chris Bedi | ) www.wsj.com   time to read: +7 min
Yet some business-technology professionals are uneasy about integrating it into the enterprise stack, citing concerns over its use of online data and security risks. But at the moment, ChatGPT “should be used with caution in an enterprise business setting,” she said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. For now, Mr. Schmidt said, generative AI capabilities should be reserved for writing corporate boilerplate—product or service announcements, or other promotional materials. For enterprise information-technology, “ChatGPT use cases might be a smaller universe than people are imagining,” he said.
☆ Wall St falls as Microsoft outlook dents tech stocks, earnings disappoint
  + stars: | 2023-01-25 | by ( Shreyashi Sanyal Johann M Cherian | Shreyashi Sanyal | Johann M Cherian | ) www.reuters.com   time to read: +3 min
Amazon.com Inc (AMZN.O), Salesforce Inc (CRM.N) and ServiceNow Inc (NOW.N), which have large cloud businesses, fell about 1% each. The S&P 500 technology index (.SPLRCT) shed 1.3%. Other major growth stocks, including Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Tesla Inc (TSLA.O), also dropped between 0.4% and 3%. News Corp (NWSA.O) jumped 6.1%, leading gains on the S&P 500, after Rupert Murdoch withdrew a proposal to reunite News Corp and Fox Corp. The S&P index recorded two new 52-week highs and one new low, while the Nasdaq recorded 45 new highs and 25 new lows.
☆ Wall St falls as Microsoft forecast hits tech stocks, earnings disappoint
  + stars: | 2023-01-25 | by ( Shreyashi Sanyal Johann M Cherian | Shreyashi Sanyal | Johann M Cherian | ) www.reuters.com   time to read: +3 min
Shares of Microsoft (MSFT.O) fell 3.9% after it warned that growth in its lucrative cloud business could stall, while its PC unit continued to struggle. The S&P 500 technology index (.SPLRCT) shed 2.1% to lead declines among the 11 major sector indexes. Amazon.com Inc (AMZN.O), Salesforce Inc (CRM.N) and ServiceNow Inc (NOW.N), which have substantial cloud businesses, fell between 2.5% and 4.5%. Other major growth stocks, including Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Tesla Inc (TSLA.O), also dropped between 1.5% and 3.0%. The S&P index recorded two new 52-week highs and one new low, while the Nasdaq recorded 29 new highs and 16 new lows.
☆ Cyber Startup Snyk Raises $25 Million From ServiceNow
  + stars: | 2023-01-24 | by ( Belle Lin | ) www.wsj.com   time to read: +4 min
Cybersecurity company Snyk Ltd. announced on Tuesday a $25 million investment from enterprise software maker ServiceNow Inc. The Boston-based startup also announced an integration with ServiceNow that aims to provide cybersecurity and information-technology executives a view of potential security vulnerabilities originating from open-source code. “Security is a team issue that requires developers, security and IT professionals to work together,” Mr. Bedi said. “Vendors are starting to talk with each other more often and being able to exchange data,” Mr. Horvath said. The eight-year-old startup cut 14% of its workforce last year and now has over 1,000 employees, according to Mr. McKay.
☆ Global IT Spending Decreased in 2022
  + stars: | 2023-01-18 | by ( Angus Loten | ) www.wsj.com   time to read: +4 min
Companies worldwide made deep cuts in enterprise technology spending last year, with tighter information-technology budgets likely to stretch well into the year ahead. Global IT spending contracted 0.2% in 2022, dropping to $4.38 trillion—a rare instance of corporations spending less on digital business tools than in the previous year, according to IT consulting and research firm Gartner Inc.Gartner had initially estimated that IT spending had increased 0.8% last year. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Spending on business software and IT services is expected to remain steady year-over-year, together accounting for more than $2.16 trillion in projected spending in 2023, Gartner said. Within IT services, spending on consulting services alone is projected to reach $264 billion, up 6.7% from 2022, Gartner said.
☆ CIO 2023 Priorities: Speed and Agility
  + stars: | 2022-12-30 | by ( Belle Lin | ) www.wsj.com   time to read: +4 min
Technology executives in a recent CIO Journal end-of-year survey shared their priorities for 2023. In addition to delivering on a company’s technology goals, business technology executives have been navigating tricky waters over the past year as a result of rising interest rates, a tumultuous geopolitical landscape and stubborn inflation. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Alessandro Ventura, Unilever North America’s CIO and vice president of analytics and business services. “Nobody has a crystal ball,” Mr. Ventura said.
☆ CIOs Nominate Their Favorite Reads of 2022
  + stars: | 2022-12-28 | by ( Tom Loftus | ) www.wsj.com   time to read: +9 min
Chief information officers, ever alert to any development in a field that only hurtles forward, largely reflected that alacrity in their choice of reading during 2022. PREVIEWChris Bedi, chief digital information officer, ServiceNow Inc. Photo: IBM Corp.Ron Guerrier, chief information officer, HP Inc. Photo: Cisco Systems Inc.Fletcher Previn, chief information officer, Cisco Systems Inc. Photo: Home Depot Inc.Fahim Siddiqui, chief information officer, Home Depot Inc.
☆ Companies Strengthen Collections, Aim to Get Cash in the Door as Threat of Downturn Looms
  + stars: | 2022-12-21 | by ( Kristin Broughton | ) www.wsj.com   time to read: +6 min
Companies are stepping up efforts to collect on their bills and get cash in the door, aiming to limit future write-offs ahead of a potential downturn. The company’s days of sales outstanding during the latest quarter declined to 67.3 days from 70.4 days during the prior period, according to S&P. Early in the pandemic, some companies extended payment terms to customers that needed funds to shore up liquidity to help navigate temporary lockdown measures. Everbridge said it aims to provide customers with payment terms that are mutually beneficial. ServiceNow’s days of sales outstanding during the third quarter fell to 44 days from 47.4 days a year earlier, according to S&P.
☆ Cloud-Security Startup Lacework Taps New CFO as It Weighs IPO
  + stars: | 2022-11-17 | by ( Kristin Broughton | ) www.wsj.com   time to read: +3 min
Cloud-security business Lacework Inc. on Thursday named a finance chief with public-company experience as the startup lays the groundwork for an eventual initial public offering. He has also held senior finance roles at technology companies ServiceNow Inc. and Hewlett Packard Enterprise Co. At Lacework, Mr. Casey succeeds Mike Staiger, who stepped down in June. Lacework has ample cash from last year’s fundraising round and likely won’t need more capital for at least a couple of years, Mr. Casey said. Additionally, Mr. Casey is helping Lacework adjust its pricing model, for instance by offering customers a wider range of functionalities and price points. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.
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