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Summer's Hottest Movers & Shakers

Posted on 9.13.2014

Summer may not officially end until Sept. 23, but for techies around the country, it's officially fall - time to put all that summer funding to good use, those new hires to work and those platform upgrades and acquisitions to the test.

Website Magazine has been covering all the hottest movers and shakers all summer long, and just in case you were busy sipping margaritas on the beach somewhere (lucky), we've compiled the biggest 'Net news in one place to get you ready for fall conferences, the holiday rush and anything else on your digital agenda.

Smart Play Yahoo

In arguably one of Yaho's smartest moves (at least in awhile), it acquired mobile analytics and advertising company Flurry. For now, Yahoo will just provide Flurry with increased financial backing and technological support, rather than dissolving or restructuring the already-successful Flurry. Read more.

Salesforce Acquires Competition

Popular customer relationship management (CRM) company Salesforce acquired big data startup RelateIQ. The acquisition comes after RelateIQ raised $40 million earlier this year to raise their valuation to around $250 million. Read more.

PunchTab Enjoys a Growth Spurt

With an 80 percent increase in active members during Q2 2014, PunchTab ends the summer with some rather notable perks, like $6.25 million in funding and the esteem that it now analyzes nearly 1.5 million consumer interactions every day, providing marketers with advanced insights into key consumer behaviors, purchase triggers and loyalty drivers. Read more.

Cool Gadgets Weren't Enough, We Guess

GE Capital, the financial services section of General Electric, provided Brookstone with a $115 million senior credit facility, which is really just a secured loan backed by collateral from the borrower. If Brookstone defaults on the loan or is unable to replay the full amount borrowed, GE Capital can sell Brookstone's collateral to make good on the loan (that's a lot of noise-canceling headphones). Read more

Coveo Upgrades Search For All (Kinda)

Coveo provides one of the most advanced enterprise search and website search technologies on the market. At the Sitecore Symposium in Las Vegas this summer, Coveo announced a free version of Coveo for all Sitecore users - essentially giving companies access to technology they may not have been able to afford in the past, or were too hesitant to gamble on. The free version will be lacking many of the more sophisticated options that the enterprise edition offers, but it's a way for brands to get their digital feet wet when it comes to better on-site search, without risking anything. There is very little (if any at all) risk for Coveo too, as the company will be able to monetize the free version with its support option, as well as the upgrade path it just created for "free" users who want to take their search to the next step (the paid version). Read more

Hot Summer Jobs? Maybe.

Summer is the perfect time to change jobs, as those professionals with children can move (if need be) while their kids are of school. This summer, however, Glassdoor showed Web workers that the grass may not be greener on the other side - announcing the launch of a Benefits Review feature, which makes it simpler for job-seekers to compare benefits and perks at companies to determine which prospective employer might be the best fit for them personally. Read more.

Kenshoo Invests in Client Excellence

Already known for strong client advocacy, Kenshoo announced the appointment of Susane Berger as managing director of client excellence. Berger comes from Salesforce where she was the regional vice president for global strategic accounts. Read more.

Offer Verification Service Continues to Get Big-Name Clients

Specialty-group discounts (think: military, teachers, students, seniors) are commonplace, but many companies don't have sophisticated ways of ensuring their offers are being claimed by the right people (at least online). SheerID provides eligibility verification technology, and has enjoyed a company growth rate of 770 percent in the last year. SheerID has also increased their client list by 75 percent in the past six months. New clients include Spotify, Foot Locker, AARP and Six Flags Magic Mountain. Read more.

Funding News

$$$ Business intelligence platform Feedvisor raises $6 million. Read more.

$$$ Fiverr upgrades platform and raises $30 million in funding. Read more

$$$ Search engine marketing software WordStream has raised $12 million in new funding. Read more.

$$$ Smart payment technology provider Zooz closed a $12 million round of investment. Read more.

$$$ Open source e-commerce vendor Commerce Guys, creators of Drupal Commerce, closed a $7.3 million round in Series B funding. Read more.

Have your own hot news? Share it with Website Magazine editors ([email protected]).


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