Category: Press

DailyPay Announces $260 Million in New Funding

DailyPay, a leading financial technology company, today announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.

UserTesting to be Acquired by Thoma Bravo and Sunstone Partners for $1.3Bn

UserTesting, Inc. (NYSE: USER), a leader in video-based human insight, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, and Sunstone Partners for $7.50 per share, in an all-cash transaction valued at approximately $1.3 billion. The offer represents a premium of approximately 94% over UserTesting’s closing stock price on October 26, 2022 and a premium of approximately 97% over the volume weighted average price (VWAP) of UserTesting’s shares for the 30 trading days ended October 26, 2022.

Prove Announces the Launch of Prove Auth™ to Deliver Next-Generation Passwordless Identity Authentication

Prove Identity, Inc. (“Prove”), the leader in digital identity, today announced the launch of Prove Auth™, a next-generation solution for passwordless login and omnichannel authentication.‍ Prove Auth enables enterprises to reduce reliance on passwords and one-time passcodes (OTPs) and empowers consumers to frictionlessly authenticate in all channels including phones, desktops and call centers with a solution that is simple, cost-effective, and secure.

Code42 Incydr Supports Leading Desktop-as-a-Service Offerings and Virtual Desktop Infrastructure Solutions

Code42 Software, Inc., the Insider Risk Management (IRM) leader, today announced its Incydr product fully supports all major Desktop-as-a-Service (DaaS) and Virtual Desktop Infrastructure (VDI) environments. The Code42® Incydr™ product detects when valuable and sensitive files are moved to untrusted locations, including personal email and cloud accounts, and removable media – and allows security teams to quickly respond in order to stop data leaks and theft.

Conviva’s Breakthrough Streaming Analytics Innovation Recognized With Two ACM SIGCOMM Innovation Awards

Conviva, the leading global streaming analytics platform, has been recognized by the Association for Computing Machinery’s Special Interest Group on Data Communications (ACM SIGCOMM) with two prestigious innovation awards: the ACM SIGCOMM Test of Time Award and the SIGCOMM Networking Systems Award. Both awards honor the vision and impact of Conviva’s commitment to data and analytics technology innovation that began with the founding team of Hui Zhang, Aditya Ganjam, Jibin Zhan (Conviva) and Ion Stoica (Conviva, Databricks) defining standards that pushed the industry forward.

Code42 to Accelerate Insider Risk Management Solutions with CrashPlan Spin-Off

Code42 Software, Inc., the Insider Risk Management (IRM) leader, today announced that it has closed a transaction with Mill Point Capital to spin off its CrashPlan business. The new entity, to be known as CrashPlan Group (CPG), includes more than 100 employees, all CrashPlan solutions and CrashPlan customers. Code42 will use the proceeds of the transaction to accelerate the growth of the Code42 Incydr™ product and the Code42 Instructor™ microlearning solution, and further develop its team domestically and internationally.

Prove Joins Visa Ready for BNPL to Enable an Authenticated and Frictionless User Onboarding Experience

(“Prove”), the leader in digital identity, announced today it has joined the Visa Ready for BNPL (Buy Now, Pay Later) program. Prove will enable Visa’s BNPL clients to streamline account opening and registrations while creating a seamless user experience through its Prove Pre-Fill onboarding solution. Powered by Prove’s Phone Identity Network (PIN), Prove’s Pre-Fill solution expedites the digital onboarding process by pre-populating a form with verified identity information tied to a phone number, while mitigating fraud.