Software firm Odoo hits $5.3 billion valuation in secondary share sale

Software firm Odoo hits .3 billion valuation in secondary share sale

Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. Odoo Odoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet‘s venture fund and Sequoia Capital. The Belgium-based company develops open-source enterprise resource planning software, with over … Read more

SAP CEO urges Europe not to regulate AI, says will put region behind

SAP CEO urges Europe not to regulate AI, says will put region behind

Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP’s financial results for 2019 on January 28, 2020 in Walldorf, southwestern Germany. – German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the year ahead. Daniel Roland | … Read more

How the once-promising EV maker went bottom-up

How the once-promising EV maker went bottom-up

Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. on Nov. 16, 2021. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for Chapter … Read more

Corporate card unicorn Payhawk plans acquisitions to expand in US

Corporate card unicorn Payhawk plans acquisitions to expand in US

Saravutvanset | Room | Getty Images AMSTERDAM — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and take on big players like SAP. Bulgarian-founded Payhawk said it is looking to acquire a company or companies at the series A stage of their development, referring … Read more

Navan is not far from IPO, on track for 2024 profitability, CEO says

Navan is not far from IPO, on track for 2024 profitability, CEO says

Ariel Cohen, CEO of travel and expense management platform Navan. Navan The boss of travel and expense management platform Navan told CNBC he’s preparing the company to get its business into shape for an eventual initial public offering this year, in another sign leaders of privately-held startups are getting more optimistic about their prospects in … Read more

Laid-off techies struggle to find jobs with cuts at highest since 2001

Laid-off techies struggle to find jobs with cuts at highest since 2001

The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of … Read more

Pekka Ala-Pietilä Proposed by SAP Supervisory Board as Designated Successor to Chairman Hasso Plattner

Pekka Ala-Pietilä Proposed by SAP Supervisory Board as Designated Successor to Chairman Hasso Plattner

WALLDORF, Germany, Feb. 11, 2024 /PRNewswire/ — The Supervisory Board of SAP SE (NYSE: SAP) has nominated Mr. Pekka Ala-Pietilä to stand for election as a new member of the Supervisory Board and proposes Mr. Ala-Pietilä as the designated successor to Chairman Prof. Dr. Hasso Plattner. Mr. Ala-Pietilä will stand for election for a two-year term at the next Annual … Read more

Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high

Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high

L-R: Mark Zuckerberg, CEO of Facebook, Satya Nadella, CEO of Microsoft, and Sundar Picahi, CEO of Google. Reuters | Getty Images | Getty Images The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, … Read more

AI hiring frenzy to fuel layoffs in other tech segments this year

AI hiring frenzy to fuel layoffs in other tech segments this year

Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As tech firms prioritize investments into artificial intelligence and go on … Read more