Industry News Update – Week of 4/23/2018:

Last week, Pivotal Software raised $555 million in its IPO and the company was valued at more than $3 billion. Pivotal Software’s shares closed at $15.73 on its first day of trading which represents a 5% increase compared to its original share price.

Docusign revealed its IPO pricing which will be between $24 and $26 and plans to raise roughly $417 million in its IPO.

Adyen processed $122 billion in payments transaction volume and generated $1.14 billion in revenue in 2017 which represents more than $400 million increase compared to its 2016 revenue.

Coinbase hired Alesia Haas as its CFO. Haas previously worked as the CFO of Och-Ziff Capital Management Group, the CFO of OneWest Bank, Private Equity Director at Morgan Stanley and Vice President of GE Healthcare.

General Assembly was being acquired by Adecco Group for $412.50 million to allow Adecco Group to enhance its talent reskilling and human resource services.

Uptake acquired Asset Performance Technologies, a company that possesses an extensive database on industrial equipment failures, to identify industrial equipment issues sooner.

The news articles and links presented below are available for your reference.

Adyen

“Adyen 2017 Revenue Crosses $1 Billion Mark; Increase Of Over $400M From 2016”

Coinbase

“Alesia Haas Is Leaving Och-Ziff to Become Coinbase's CFO”

DocuSign

“DocuSign Ups IPO Target to $417M on Stock Price of $24 to $26, New Filing Reveals”

General Assembly

“Staffing Firm Adecco Buys General Assembly for $412.5 Million”

Pivotal Software

“Pivotal Software Closed up 5% Following IPO, Raised $555 Million”

Uptake

“Tech Start-up Uptake Makes 'Big' Acquisition in Race to Digitize the Industrial Industry”