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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

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Unlocking the M&A code: 5 factors that can make (or break) a deal

TechCrunch

Frank Roe Contributor Share on Twitter Frank Roe is CEO of SmartBear , a provider of software development and visibility tools. It is essential to approach the decision and process with diligence and forethought. For instance, in 2015, PayPal acquired Braintree, a payments company that owned the mobile payment service, Venmo.

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Use IRS Code Section 1202 to sell your multimillion-dollar startup tax-free

TechCrunch

Using a QSB can eliminate capital gains tax due on the future business sale if the company is established and stock issued pursuant to Internal Revenue Code Section 1202. This change was made permanent by the Protecting Americans from Tax Hikes Act of 2015, signed into law on December 18, 2015.

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Whose Your Landlord raises $2.1M for its rental review and data service

TechCrunch

Per Ezeugwu, WYL was founded back in 2015 and raised $1.1 The startup charges building owners $2 per unit, per month for its software, a figure that Ezeugwu said can be discounted for larger contract volumes. Let’s see how quickly it can scale its software incomes. million over a roughly seven-year period.

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Consulting, software boost IBM revenue as it turns to AI

CIO

Strong performances in software and consulting helped IBM’s profit and revenue increase in the first quarter, even as a post-pandemic slowdown hit much of the technology industry. IBM’s software and consulting revenue both rose 3% year over year. 4%, to $14.3

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Accord, which offers a platform to manage sales processes, secures $10M

TechCrunch

Ross was one of the first salespeople at Stripe back in 2015, while Ryan was an early sales hire at Google Cloud. “However, adoption is incredibly low and none of those tools are integrated into the customer relationship management software, so you can’t build prescriptive workflows and all of the customer-engagement data is lost.”

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With a fresh $46M, Instabug aims to do more than fix your app’s bugs

TechCrunch

For one, the company expanded its focus from bug and crash reporting to building out application performance monitoring software “to capture everything around mobile performance.”. The company was founded in 2013, first released its offering in beta in 2015, and publicly launched in February 2016 during its time at Y Combinator.