Jim Cramer: Twilio Shouldn’t Be Up on the Acquisition of Segment

Twilio  (TWLO) – Get Report announced that it plans to buy customer-data platform Segment for $3.2 billion of stock.

“Data silos destroy great customer experiences,” Jeff Lawson, co-founder and chief executive of the San Francisco company, said in a statement.

Closely held Segment, also San Francisco, “lets developers and companies break down those silos and build” complete pictures of customers.

“Combined with Twilio’s customer engagement platform, we can create more personalized, timely and impactful engagement across customer service, marketing, analytics, product and sales,” he said.

“The businesses that deliver the best experiences are the ones that know their customers well and use customer data to provide more relevant interactions,” Twilio said.

“However, wrangling these customer insights is extremely difficult as the information is typically spread across disparate systems and functions throughout an organization. … Twilio can now alleviate this pain for businesses by delivering a single, unified view

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Technology-focused SPAC Carney Technology Acquisition II files for a $350 million IPO

Carney Technology Acquisition II, a blank check company targeting the technology industry, filed on Friday with the SEC to raise up to $350 million in an initial public offering.

The Burlingame, CA-based company plans to raise $350 million by offering 35 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable $11.50. At the proposed deal size, Carney Technology Acquisition II would command a market value of $447 million.

The company is led by CEO, CFO, and Chairman David Roberson, who most recently served as SVP of Enterprise Servers, Storage and Networking at Hewlett-Packard, and Chief Acquisition Officer Lloyd Carney, who previously founded SPAC ChaSerg Technology Acquisition and served as CEO until its business combination with Grid Dynamics Holdings (GDYN; -11% from $10 offer price) in March of this year. Carney Technology Acquisition II plans to target technology companies

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Warren Buffett bought Microsoft stock after meeting Bill Gates and made a $37 billion acquisition thanks to a chance encounter. Here are his 10 best quotes from an interview in a new book.



Warren Buffett wearing a suit and tie: Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs' 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook


© REUTERS/Rebecca Cook
Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs’ 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook

  • Warren Buffett gave investing advice to Bob Woodward, purchased Microsoft stock after meeting Bill Gates, and struck a $37 billion deal thanks to a chance meeting, he told David Rubenstein in “How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.”
  • The famed investor and Berkshire Hathaway CEO also touched on railroads, his annual shareholder letters, his retirement plans, and his company’s future in the interview with the co-executive chairman of The Carlyle Group.
  • Scroll down to read Buffett’s 10 best quotes from the discussion.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett gave investing advice to investigative journalist

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DoD Announcements on “Adaptive Acquisition Framework”

During a press conference on Wednesday, October 7, 2020, Undersecretary of Defense for Acquisition and Sustainment (USD-A&S) Ellen Lord announced Department of Defense’s (DoD) latest efforts to overhaul how it intends to procure weapons, goods and services—with an emphasis on speed from design to fielding and on cutting operations and maintenance costs. Additionally, on August 13, 2020, acting Undersecretary of Defense for Research and Engineering (USD-R&E) Michael Kratsios committed to “doubling“ efforts to work more closely with nontraditional commercial suppliers, most notably startup companies, to help the DoD strengthen and maintain the nation’s position as the global leader in emerging technologies.

Both developments suggest considerable pathways for commercial innovators of these new technologies to work with the DoD in furtherance of its acquisition and R&D priorities. 

New DoD Acquisition Reform Initiative—AAF

According to Undersecretary Lord, the Department of Defense’s (DoD) new approach, called the Adaptive Acquisition Framework (AAF), will be

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Pure Harvest Corporate Group Announces the Acquisition of Solar Cultivation Technologies Assets and Intellectual Property

Denver, CO – ( NewMediaWire ) – October 09, 2020 – Pure Harvest Corporate Group, Inc. (OTC: PHCG), an emerging cannabis and hemp-CBD holding company, is pleased to announce it has acquired all of the assets of Solar Cultivation Technologies, Inc. (“SCT”), a Denver-based solar company focused on bringing solar to the cannabis industry in an effort to minimize the industry’s carbon footprint. This acquisition will allow PHCG to implement SCT’s solar, storage, and intelligent distribution technology throughout its operations in addition to providing these technologies to other operators in the cannabis industry.

“We are extremely excited to acquire SCT’s assets and technology and are confident that this acquisition will position PHCG to become an environmental leader within the cannabis space,” said Matthew Gregarek, CEO of Pure Harvest Corporate Group. “We understand that the industry’s carbon footprint is a tremendous issue and we believe that we now have the tools

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Sound United Inks The Deal On Acquisition Of Bowers & Wilkins

Sound United LLC, the parent company to Denon, Polk Audio, Marantz, Definitive Technology, Classé, and Boston Acoustics, has today announced that it has finalized the acquisition of Bowers & Wilkins, the leading British-based designer and manufacturer of luxury home audio speakers, headphones, custom installation products, wireless speakers, and branded audio systems in the automotive and television markets. I originally reported on the possible acquisition back in June and news has just come through that the deal has been concluded. 

“Acquiring Bowers & Wilkins combines its industry-leading acoustic design, engineering and manufacturing expertise in the premium category with Sound United’s scale, technical acumen and consumer reach to ensure Bowers & Wilkins thrives moving forward,” said Kevin Duffy, CEO at Sound United. “Sound United has a strong track record of

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Progress makes layoffs at Chef after $220M acquisition, says it remains committed to roadmap

Progress CEO Yogesh Gupta

Business application platform Progress is making an unspecified number of job cuts at Chef after completing its previously announced $220 million acquisition of the Seattle-based enterprise automation technology company this week.

People impacted by the cuts include a portion of Chef’s engineering team, including employees in Seattle and other locations, prompting former colleagues and others in the developer community to rally around them on the #cheffriends hashtag on Twitter.

In an interview with GeekWire this week, Progress CEO Yogesh Gupta said the 40-year-old Boston-area company remains committed to Chef’s product roadmap, open-source projects and business customers, calling Chef a strong cultural match for Progress and “a perfect fit from an overall strategy perspective.”

“We continue to see tremendous potential moving forward with the folks from Chef that have come on board, and the Progress team working together,” he said.

Gupta said Chef’s strengths in enterprise automation

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Why Ping Identity’s Acquisition of ShoCard May Preview Future of Security

Denver-based Ping Identity, which specializes in intelligent identity software, made official on Oct. 6 that it is acquiring personal identity management platform maker ShoCard to bolster its security platform. 

The acquisition was first announced in March during the company’s fourth-quarter 2019 earnings call. Financial terms of the deal were not disclosed, but according to Ping’s first-quarter statements, the vendor paid $4.7 million for ShoCard.

With the adoption of this technology, Ping Identity is paving the way for a new identity model in which end users are in control of the personal details they share with service providers, creating an all-around frictionless, privacy-first user experience. 

Ping CEO Andre Durand said that ShoCard brings a secure, easy-to-use solution to store and exchange personal identity data, using blockchain technology that will be integrated into the Ping Intelligent Identity Platform. Personal identity, also called decentralized or self-sovereign identity, creates a new way for consumers

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Bright Pattern Boasts Record Financial Growth, New Customer Acquisition, and Technology Leadership

  • Record bookings growth rate of over 100% year-over-year driven by new customer acquisition, new partners, and distribution channels including the largest master agent in North America
  • Top rated cloud contact center by industry analyst Omdia (formerly Ovum) ranking #1 for Platform Functionality, Reliability, and Interoperability in 2020
  • Highest rated cloud contact center by customers
  • Highest ROI and Fastest Time to Deploy of all CCaaS providers based on G2 customer reviews with a deployment time less than half the industry average (1.6 months) and an ROI payback period two times better than the industry average.
  • Highest availability in the industry recently measured at 99.999%+ for the last 12 months.

Frost & Sullivan Industry Director Nancy Jamison noted, “Companies looking at emerging channels, omnichannel, and AI would do well to look at Bright Pattern…All channels are native to the platform, enabling true omnichannel conversations and omnichannel quality management.” Bright Pattern also placed

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Romeo Power Technology, Leading Provider of Battery Technology to the Commercial EV Market, to List on NYSE Through Merger With RMG Acquisition Corp.

  • Romeo Power has entered into a definitive merger agreement with RMG Acquisition Corp. (NYSE: RMG); upon closing, the combined company will remain listed on the New York Stock Exchange under the new ticker symbol “RMO”

  • Romeo Power raises $384 million through the business combination, including a $150 million fully committed PIPE anchored by institutional investors as well as strategic investors The Heritage Group and Republic Services

  • Funding provides for capacity expansion and R&D to further develop the next generation of battery system technologies for commercial vehicles

  • BorgWarner is a strategic investor and joint venture partner of Romeo Power

  • The Heritage Group is a strategic investor, PIPE participant and recycling partner of Romeo Power

  • Republic Services is a strategic investor in the PIPE and intends to enter into a strategic alliance with Romeo Power  

  • Pro forma equity value of the combined company is approximately $1.33 billion

  • Transaction is expected to close

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