LegalZoom.com Flourishes, with Bumps on the Way

According to the U.S. Bureau of Economic Analysis, legal services in the country were a $266 billion market in 2010. There is a big demand for legal services by small and medium businesses. A study conducted by L.E.K. Consulting LLC revealed that in 2011, $97 billion was spent by the small businesses and consumers on legal services.

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Gogo Works to Capture More of a Nascent Market

Recently covered Boingo is working hard to get a footing in the air travel Wi-Fi space. It has to face tough competition from an existing airline Wi-Fi services provider, Gogo Inc. Illinois-based Gogo was founded in 2005 and now provides Wi-Fi services on nine major airlines in North America, including Delta, Virgin America, US Airways, and American Airlines. At present, there are only ten airlines on the North American continent that provider Wi-Fi access aboard their planes.

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Glam Media Prepares for IPO

The vertical-focused media company, Glam Media, is moving fast toward their IPO. The Ad Network powerhouse, which earns revenues through advertisements, recently selected Goldman Sachs and Bank of America as lead bankers for the IPO expected to be out by the end of the current quarter.

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Zynga Moves Farther from Facebook with Several Acquisitions

According to the Global Online Gaming Report released by yStats.com, global online gaming revenues are projected to grow at an annual growth rate of more than 10% from 2010 through 2016. Within the U.S., social gaming will continue to grow and account for more than 40% of Internet users in the country. This is obviously good news for game developers like Zynga.

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After Rebuke, Groupon Works to Restore Confidence

Earlier this year, newly listed daily deals provider Groupon faced rebuke from accountants. The company had to revise their previous quarter’s performance because their auditors found significant issues, material weaknesses and missing internal controls in their financial statements. To repair the damage their reputation, Groupon has worked hard and for the past quarter delivered a strong performance that surpassed market projections. They have also been shuffling their senior management positions and have put in place several more experienced leaders.

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Boingo Bringing Wi-Fi Under Ground and in the Air

According to the recently released Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update, 2011-2016,  global mobile data traffic grew 2.3 times last year to 597 petabytes per month. The report estimates that the monthly global mobile data traffic will grow 78% annually over the period 2011 through 2016 to surpass 10 exabytes. Growth will be driven by Asia Pacific and Western Europe, which will account for more than half of global mobile traffic by 2016. The Middle East and Africa will record the highest CAGR of 104% during the term, and Asia Pacific will grow 21 times at a CAGR of 84%.

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U.S. Online Travel Companies Pursue Global Expansion

According to PhocusWright’s Global Online Travel Report 2012, the online travel segment will account for a third of the total global travel market value. Online travel sales are expected to grow by more than 10%  in the U.S. in 2012. Experts predict that the U.K. will account for the largest share of Europe’s online travel market in 2013. Gross bookings in the APAC region for the unmanaged business travel and consumer leisure market are projected to grow by more than 30% in 2012. The online travel players are thus focusing significant efforts in expanding internationally.

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Apptio, Not Yet Profitable, Raises $91 Million in Funding

Analysts believe that with developments like virtualization and the cloud, it has not only become more difficult but also more important to track the cost and value of IT services. The IT departments have thus had to look out for solutions that help them manage their operations and prove their RoIs. Organizations are moving to Technology Business Management solutions, a software market, that Forrester estimates will be worth $800 million by 2013.

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Fusion-IO Diversifies Customer Base, Expands Product Offerings

Global market intelligence firm IDC estimates that the enterprise flash market will grow to $4.5 billion by 2015.  Earlier this year, a Morgan Stanley analyst, Katy Huberty, projected a much stronger growth path. She believes that the enterprise flash market will grow from $2 billion to $20 billion over time. She, however, did not specify the time period over which the market will see such growth.

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ADP, Paychex Grow, Despite Sluggish Recovery

According to the Bureau of Labor Statistics, in April non-farm payroll grew by 115,000, much short of the market’s projected growth of 165,000 jobs. However, during the month, unemployment rate fell marginally from 8.2% to 8.1%. As the slow growth in the job market continues, payroll processing firms are delivering steady progress and meeting market expectations.

ADP’s Financials
ADP’s (NASDAQ: ADP) Q3 revenues grew 6.8% over the year to $2.92 billion, in line with the Street’s projections. EPS of $0.92 was ahead of the market’s targeted EPS of $0.91 and reported an impressive 8.2% growth over the year. >>>