Snap Inc. Files for an IPO Worth an Estimated $3 Billion
Today's topics include Snap Inc.’s official announcement that it will go public on the New York Stock Exchange in March, the addition of new tab management features and WebVR support in Microsoft's Edge browser, Google’s release of a beta version of pre-configured images for Microsoft SQL Server Enterprise on the Google Cloud Platform and LogicHub’s debut as a security intelligence automation platform.
Snap Inc., the parent of the popular photo-messaging mobile application Snapchat, made it official on Feb. 2: The company has filed the requisite Securities and Exchange Commission S-1 affidavit and will go public next month.
The initial public offering, to be listed as SNAP on the New York Stock Exchange, could raise as much as $3 billion, potentially making it the largest U.S. technology IPO since Facebook Inc. raised $16 billion and debuted in May 2012 at a paper value of $81.2 billion.
Snapchat, which said in the IPO filing that is now has about 158 million users worldwide, could be valued at $20 billion to $25 billion or more.
It's not uncommon for web users to keep multiple browser tabs open while researching topics, comparison shopping or simply keeping tabs on their favorite sites.
When the highly-anticipated Windows 10 Creator's Update arrives in the spring, it will include an upgraded version of the built-in Microsoft Edge web browser, featuring new options aimed at helping users organize their browser tabs.
Drew DeBruyne, general manager of Microsoft Edge, wrote in a blog post that the browser's new tab management features will enable users to "preview visual thumbnails of all their open tabs at a glance, and set a group of tabs aside in an instant to get a fresh start, removing any distractions and providing a clean browser feel, while remaining confident that they can pick up right where they left off."
Enterprises running Microsoft SQL Server environments now have a more straightforward way to migrate their workloads to the Google Cloud Platform.
Google this week announced beta availability of new pre-configured images for Microsoft SQL Server Enterprise and Windows Server Core on the Google Compute Engine infrastructure as a service platform.
The images allow organizations to launch virtual machines on Compute Engine with Microsoft SQL Server Enterprise Edition pre-installed on them.
Google's business customers will have the option of either paying by the minute for the SQL Server and Windows Server licenses or deploying their own Microsoft Windows application licenses on Google's Cloud Platform. Pre-configured images are currently available in beta for the 2016, 2014 and 2012 editions of SQL Server Enterprise.
Understanding all the security data that is collected by an organization to actually detect threats often involves the expertise of a trained security analyst.
Unfortunately, security analysts are in short supply, which is where Kumar Saurabh, co-founder and CEO of LogicHub, sees an opportunity for his new company.
LogicHub officially emerged from stealth on Feb. 1 with $8.4 million in Series A funding from Storm Ventures and Nexus Venture Partners.
The core technology provided by LogicHub is a security intelligence automation platform that offers the promise of improving the efficiency of security analysts in detecting potential threats.