Augment

Cisco invests in Indian SaaS companies. Tackle.io raises $35 million funding. McAfee sells its enterprise business to Symphony Technology Group for $4 billion.


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Networking giant Cisco is looking to invest $3 million to $5 million in Indian enterprise SaaS start-ups for a minority stake. The company has a portfolio of about 10 start-ups that it has already invested in directly or through investment partnerships with VC funds.Whatfix, Videonetics, Mobikwik, Mobstac and CloudCherry are some of the start-ups in its portfolio in India.

Tackle.io, a software company dedicated to helping software providers generate revenue through the Cloud Marketplaces, today announced it has raised $35 million in Series B funding, in a round led by Andreessen Horowitz and joined by existing investor Bessemer Venture Partners. This round of funding will be used to further Tackle’s platform innovation and mission to transform the experience of selling and buying enterprise software.

Vindicia, part of the Amdocs Media Division and a provider in business-to-consumer digital services monetisation, has extended its long-standing engagement with Vimeo.Vindicia provides Vimeo with a complete subscription management and retention solution to maximise customer lifetime value and business agility.

Sydney-based SaaS provider Alcami Interactive has been acquired by US-based Criteria, a SaaS people analytics platform vendor.
Alcami was founded by chief executive Jane Bianchini in 2014 and provides an on-demand video interviewing platform.


Security firm McAfee announced this morning that it will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion.McAfee President and Chief Executive Officer Peter Leav says that his company has decided to direct the firm’s resources to the consumer side of the business. “This transaction will allow McAfee to singularly focus on our consumer business and to accelerate our strategy to be a leader in personal security for consumers,” he said in a statement.

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AugmentBy PeopleAtom