According to a Gartner report published last year, the application performance monitoring (APM) market grew at a record pace of 15.8% in 2014 to $2.6 billion. Compuware is the market leader with $326.9 million revenues, followed by IBM at $222.6 million. Newer companies are also making their presence felt. The fastest growing vendor in the
According to IDC, companies worldwide spend close to $44 billion on storage hardware and software to manage copy data. The copy data management market is estimated to grow 5.4% annually over the period 2013 through 2016. Actifio is a fast-growing company in this field that is expected to go public this year.
We have seen several Billion Dollar Unicorns burning up cash to acquire new customers and jeopardizing their fundamentals. Collaboration software maker Atlassian is strikingly different in this aspect and when it went public on the NASDAQ under the ticker TEAM, it was lapped up.
When it launched in 2008 as a daily deals site, Groupon (NASDAQ: GRPN) benefitted greatly from the economic downturn. Within 18 months, it achieved the billion dollar unicorn status. It even turned down a $6 billion acquisition offer by Google in 2010. Shortly after going public in November 2011, it reached a valuation of about
In the IPO rush of 2011, several new age Internet companies went public hoping to cash in on the valuation hype. Local business reviews site Angie’s List (NASDAQ: ANGI) was one of them. In November 2011, its stock touched a high of $18.75 and a billion dollar valuation soon after its listing at $13.00. Since
We have seen several unicorns with artificially bloated valuations and questionable business models. LivingSocial is one such company. In late 2012, LivingSocial was valued at $6 billion and venture capitalists had poured in about $800 million. They were lured by the daily deals market which was expected to reach $4 billion by 2015. Today, LivingSocial
IBM’s (NYSE: IBM) revenues have been on a decline for 14 consecutive quarters now and it has been trying hard to drive its focus toward the cloud, Internet of Things, artificial intelligence, and analytics. IBM has made 12 acquisitions this year, with the cloud and its cognitive system Watson driving them.
According to a Grand View Research report, the global market for eyewear is expected to reach $142.18 billion by 2020 from $90 billion in 2013. The North American eyewear market, which was valued at $35 billion in 2013, is projected to reach $47 billion in 2020. Market research company IBISWorld estimates the US market for