Week In Work Technology | 2019–11–18
| Salesforce and Azure | Hive Funding | Opentext Buys Carbonite | Simpplr Auto-Governance Engine |
Salesforce will adopt Microsoft’s cloud, as companies cozy up again | Jordan Novet reports on a new deal — and rapprochement — between Microsoft and Salesforce:
Salesforce and Microsoft have had a complicated relationship over the years, with executives taking occasional public potshots at each other. They compete in multiple areas, including Salesforce’s core business of customer relationship management: Salesforce has the Sales Cloud and Microsoft fields the less popular Dynamics 365 cloud service.
In addition to adopting Azure, Salesforce will also develop technology to integrate its Sales Cloud and Service cloud products with Microsoft’s Teams communication app. Teams competes with Slack, and Salesforce has its own social network for internal business discussion called Chatter. The idea is to enhance interoperability between Chatter and Teams, according to a person familiar with the matter.
Chatter has no legs against Slack and Teams. Likewise, Quip has no chance against the Microsoft strategy around Tasks as Infrastructure.
Maybe Benioff is thinking about retiring? An acquisition would be good for both.
Hive raises $10.6 million to bolster project management with AI | Kyle Wiggers reports a series A by Hive:
Hive today revealed that it’s raised $10.6 million in a series A round led by Comcast Ventures, with participation from existing seed investors Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners. It brings the company’s total raised to $16.7 million following a $4 million seed round in October, which CEO and cofounder John Furneaux said will bolster development of products like a service that automatically assigns next steps from emails.
Hive competes with well-funded startups like Mavenlink, Monday.com, and RealtimeBoard in the project management and collaboration market, which is anticipated to be worth $6.68 billion by 2026. But it’s achieved considerable momentum to date, nabbing customers Uber, Marriot, Starbucks, The Economist, Compass, Omnicom, Harvard, New York University, North Carolina State University, The University of Michigan, Burrow, WeWork, AdRoll, StoryChief Essence, WPP, and Resolution.
OpenText acquires data backup and security platform Carbonite for $1.42 billion | Paul Sawyers on the newest acquisition by OpenText:
Carbonite, which offers a number of data backup and protection services for consumers and businesses, had become the subject of significant takeover rumors over the past few months after its revenue dropped. CEO Mohamad Ali stepped down in July and was replaced on an interim basis by board chair Steve Munford.
Founded in 1991, OpenText is among Canada’s biggest software companies, specializing in helping enterprises manage all their content and unstructured data in the cloud or on-premises. The company has made a number of other notable acquisitions in the recent past, including Dell EMC’s enterprise content division, which it bought for $1.6 billion in 2017, and file-sharing service Hightail, formerly YouSendIt, which it bought for an undisclosed amount last year.
Simpplr has announced its Auto-Governance Engine, a AI-based tool that helps manage the old, stale content on a company intranet. Analysis of what users are doing, and what they are unlikely to want to see, leads to a better intranet experience.