Thoma Bravo and Sunstone Partners announced today that they’re acquiring customer insight platform UserTesting for $1.3 billion in an all-cash deal. The acquirers say they plan to combine it with UserZoom, a customer research company Thoma Bravo bought an $800 million majority stake in last April. The firms paid what appears to be a generous…
Monthly Archives: October 2022
News broke this morning that UserTesting, a former startup that went public last year, is selling to private equity (Thoma Bravo, Sunstone Partners) for $1.3 billion, or $7.50 per share in cash. The deal, expected to close in the first half of 2023, does include a “go-shop” period, in case a better deal crops up….
While Meta tries to convince users to attend virtual work meetings in its metaverse, ForeVR Games, a VR gaming startup with casual games like bowling, darts and cornhole, is a reminder that virtual reality is supposed to be fun. ForeVR announced today a $10 million Series A funding round, which is being put toward building…
Nearly five years ago, Amazon Web Services (AWS) launched Neptune, a service for running apps that need a graph database to store and query connected data sets. Now, to keep up with the serverless trend, AWS is expanding the offering with Amazon Neptune Serverless, a serverless option for Neptune that automatically scales to support variable…
It’s hard to imagine anyone but advertisers being happy with Apple for putting more ads on the page in App Store listings, but the way they rolled it out was especially troubling. Ads for shady gambling apps quickly pervaded the platform, appearing in the “you might also like” section of ordinary apps — including at…
Telegram announced today that will it hold an auction for usernames — for both individual accounts and channels — through a marketplace built on top of the TON blockchain. In August, Telegram founder Pavel Durov first mentioned the idea by noting the possibility of adding “a little bit of Web 3.0 to Telegram in the…
Meta’s other bet is making Alphabet’s long-running Other Bets segment appear cheap, both in cash and market cap terms. Shares of Facebook’s parent company plummeted after the company reported huge costs and losses associated with its future-facing metaverse project, accompanied by a revenue decline that, while forex-impacted, was still far from the heady days when…
Google has acquired Alter, an artificial intelligence (AI) avatar startup that helps creators and brands express their virtual identity, for about $100 million, a source familiar with the matter told TechCrunch, in a push to boost its content game and better compete with TikTok. The acquisition was completed about two months ago, the source said,…
The Tesla Cyberquad for Kids, a $1,900 mini ATV inspired by the yet-to-be produced Cybertruck, is being recalled due to safety concerns flagged by the Consumer Product Safety Commission. Radio Flyer, which makes the Cyberquad for Tesla, is handling the recall. About 5,000 units have been sold, per the CPSC. Consumers will receive full refunds…
The social platforms that power the creator economy might seem like they’re starting to slip. YouTube’s quarterly ad revenue declined 1.9% year over year, per Google parent company Alphabet’s quarterly earnings report this week. Overall, Alphabet missed analyst estimates, earning $69.1 billion in revenue, about a billion dollars less than expected. For many YouTubers, ad…