Battery Ventures to sell Trust Group to Sabre
PE Hub--Sabre Corp has agreed to acquire the Trust Group of Companies from Battery Ventures for about $154 million. The deal is expected to be completed in early 2016. The Trust Group is a a central reservations, revenue management and hotel marketing provider.
Blue Apron’s Got Big Plans For Dinner — But So Do Its Hungry Rivals
Forbes--It’s June, and the summer zucchini are just starting to poke out from the vine. Their owner, a farmer named Patrick Johnston, explains to his eager guests from a startup called Blue Apron that the zucchini have already been sold to someone else and that the corn Blue Apron has contracted to buy is farther down the road.
Dell to buy Hopkinton’s EMC in $67 billion deal
Boston Globe--Dell Inc. said it agreed to buy EMC Corp., Massachusetts’ biggest technology company, in a cash and stock deal valued at about $67 billion, removing independent ownership from one of the last surviving companies that made New England a tech hotbed in the 1980s.
High-profile busts signal caution in start-up investing
CNBC--At the end of July, Homejoy, a start-up company that used the Web to offer house cleaning, hung up its mops, leaving customers in the lurch and Google Ventures and other top-tier private equity backers out the more than $35 million they had sunk into the company.
Battery adds Schireson as EIR
PE HUB--Battery Ventures announced today that it has hired Max Schireson, the former CEO of open-source database company MongoDB, as an executive-in-residence.
The SaaS Success Database
TechCrunch--What does it take to build a billion-dollar SaaS enterprise-software company? We gave a 30,000-foot answer to this complex — and fascinating — question in a recent TechCrunch post, The SaaS Adventure.
How big data is transforming real estate
CNBC--Assessing a storm's damage to a house; responding to a prospective buyer's concerns about a property; designing offices that suit the needs of its tenants—all are key tasks of the real estate business that are rapidly being made faster and less expensive as the industry adopts lessons from technology, lessons that have already dramatically changed industries such as finance and health care.
Israel’s Nice Systems sells video surveillance unit for $100 mln
Reuters--Israeli software provider Nice Systems is selling its video surveillance technologies unit to private equity firm Battery Ventures for up to $100 million, its second divestment in three months as it focuses more on its analytics business.
‘Container’ Software Is at Center of DockerCon
The Wall Street Journal--The hottest technology in Silicon Valley isn’t from Uber Technologies Inc. or Instagram. It is from a startup called Docker Inc. that is charming the coders behind the world’s websites and apps.