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Siemens – German Technology that is Taking Over the World

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Siemens.

Siemens Limited is a holding company engaged in the manufacturing of electric motors, generators, transformers and electricity distribution, and control apparatus; general purpose machinery, and electrical signalling, safety or traffic-control equipment.

Its segments include Power and Gas, providing solutions for generation of electricity; Energy Management, supplying services for transmission and distribution of electrical energy; Building Technologies, providing buildings and infrastructures; Mobility, supplying solutions for passenger and freight transportation; Digital Factory, including software solutions and automation technologies; Process Industries and Drives, providing solutions and services across life cycles for industry sectors; Healthcare, providing technology for healthcare industry; Metals Technologies, providing metallurgical plant building technology catering services, and design and engineering, and Others, including services provided to group companies and lease rentals.

Siemens – Company Highlights

Startup Name	Siemens AG
Headquarters	Munich, Germany
Industry	Conglomerate
Founder	Werner von Siemens, Johann Georg Halske
Founded	1 October 1847
Current CEO	Roland Busch (Feb 2021)
Areas served	Worldwide
Website	www.siemens.com

Siemens – About and How it works?
Siemens – Founder and History
Siemens – Logo and its Meaning
Siemens – Mission
Siemens – Business Model
Siemens – Growth and Revenue
Siemens – Funding And Investors
Siemens – Investments
Siemens – Acquisitions
Siemens – Competitors
Siemens – Challenges Faced
Siemens – Future Plans

Siemens – About and How it works?

Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad.

Siemens multinational company is a global technology powerhouse that brings together the digital and physical worlds to benefit customers and society. The company focuses on intelligent infrastructure for buildings and decentralized energy systems, on automation and digitalization in the process and manufacturing industries, and on smart mobility solutions for rail and road transport.

The principal divisions of the company are Industry, Energy, Healthcare (Siemens Healthineers), and Infrastructure & Cities, which represent the main activities of the company. The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company’s total sales, is its second-most profitable unit, after the industrial automation division. The company is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 385,000 people worldwide and reported global revenue of around €87 billion in 2019 according to its earnings release.

Siemens – Founder and History

Siemens & Halske was founded by Werner von Siemens and Johann Georg Halske on 1 October 1847.

Based on the telegraph, their invention used a needle to point to the sequence of letters, instead of using Morse code. The company, then called Telegraphen-Bauanstalt von Siemens & Halske, opened its first workshop on 12 October.

In 1848, the company built the first long-distance telegraph line in Europe; 500 km from Berlin to Frankfurt am Main. In 1850, the founder’s younger brother, Carl Wilhelm Siemens, later Sir William Siemens, started to represent the company in London. The London agency became a branch office in 1858. In the 1850s, the company was involved in building long-distance telegraph networks in Russia. In 1855, a company branch headed by another brother, Carl Heinrich von Siemens, opened in St Petersburg, Russia. In 1867, Siemens completed the monumental Indo-European telegraph line stretching over 11,000 km from London to Calcutta.

In 1867, Werner von Siemens described a dynamo without permanent magnets. A similar system was also independently invented by Charles Wheatstone, but Siemens became the first company to build such devices. In 1881, a Siemens AC Alternator driven by a watermill was used to power the world’s first electric street lighting in the town of Godalming, United Kingdom. The company continued to grow and diversified into electric trains and light bulbs. In 1887, it opened its first office in Japan. In 1890, the founder retired and left the running of the company to his brother Carl and sons Arnold and Wilhelm.

Siemens – Logo and its Meaning

Introduced in 1936, the new logo is executed in a modern yet simple sans-serif typeface, which is very similar to such fonts as Dialogue Pro Extra Bold and Lucida Grande Black.

Logo of Siemens

As for the colour palette of the Siemens visual identity, there are three options of using its logotype: tender and light turquoise, which is the main colour of the brand, evoking a sense of safety, reliability, and calmness; light grey, which stands for confidence and seriousness, and black, which is the colour of power and elegance.

Siemens – Mission

Siemens’ mission statement: Responsible: Committed to ethical and responsible actions with respect to legal and ethical standards. Excellent: Achieving high performance and excellent results from ambitious targets derived from vision and verified by benchmarks. Innovative: Being innovative to create sustainable value.

Siemens – Business Model

The Siemens Business model is divided into the following five main sectors and 19 divisions. Briefly, these are:

Industry – This sector includes Industry Automation, Drive Technologies and Customer Services divisions.
Products and services – Products in this category include building automation equipment and systems, building operations equipment and systems, building fire safety equipment and systems, building security equipment and systems, motors and drives for conveyor belts, pumps and compressors, heavy-duty motors and drivers for rolling steel mills, compressors for oil and gas pipelines, mechanical components, automation equipment and systems for production machinery and tools and industrial plants for water and raw material processing.
Energy – This sector includes Fossil Power Generation, Wind Power, Solar and Hydro, Oil and Gas, Energy Service and Power Transmission divisions. The company earned 26.6 billion Euros in Revenue in 2013. At present, it employs about 83,500 employees.
Healthcare – This sector includes Imaging and Therapy Systems, Clinical Product, Diagnostics and Customer Solutions divisions. The business unit is based in Erlangen, Germany with regional presence in different areas around the world. The company formally became Siemens Medical Solutions in 2001 and Siemens Healthcare in 2008. The company employs 49,000 employees with a larger concentration based in Germany.
Infrastructure and Cities – This sector comprises the Rail Systems, Mobility and Logistics, Low and Medium Voltage, Smart Grid, Building Technologies and OSRAM. This sector works towards solutions for urban mobility, environmental protection and energy conservation. The company employs close to 87,000 employees.

Siemens – Growth and Revenue

Siemens AG revenue for the twelve months ending June 30, 2020 was $80.401B, a 17.09% decline year-over-year.

Year	Annual Revenue	Percentage change
2019	$98B	-0.87%
2018	$98.856B	+7.73%
2017	$91.761B	+3.87%

Siemens – Funding And Investors

Siemens funding has raised a total of $5.2 Billion in funding over 2 rounds. Their latest funding was raised on Mar 15, 2018 from a Post-IPO Equity round.

Announced Date	Round	Amount
Mar 15, 2018	Post-IPO Equity – Siemens	€4.2B
Jul 19, 2010	Grant – Siemens	$8.9M

Siemens – Investments

Siemens has made 24 investments. Their most recent investment was on Apr 28, 2020, when Amply Power raised $13.2 Million.

Date	Organization Name	Round	Amount
Apr 28, 2020	Amply Power	Series A	$13.2M
Nov 28, 2018	ChargePoint	Series H	$240M
Jun 11, 2018	Claroty	Series B	$60M
Jun 1, 2018	ScreenPoint Medical	Venture Round	€4.3M
May 15, 2018	Northvolt	Venture Round	€10M
Nov 14, 2017	ubitricity	Corporate Round	–
Oct 1, 2017	Exchangium	Seed Round	$900K
Aug 16, 2017	Swinburne University of Technology	Grant	$135M
Jun 28, 2017	ChargePoint	Series G	$43M
May 2, 2017	Bonsai	Series A	$7.6M

Siemens – Acquisitions

The Siemens acquisitions list is long as they have acquired 69 organizations till date. Their most recent acquisition was Abacus Medicine on Jul 15, 2020.

Acquiree Name	Date	Amount	About Aquired Company
Abacus Medicine	Jul 15, 2020	–	Abacus Medicine is a large and growing business, a company where diversity is treasured
UltraSoC Technologies	Jun 24, 2020	–	UltraSoC Technologies provides SoC infrastructure to enable rapid development of embedded systems
Controls and Switchgear Ltd.	Jan 24, 2020	$297M	Controls and Switchgear Ltd. is a producer of electrical power distribution and switching systems
MultiMechanics	Nov 15, 2019	–	MultiMechanics is a CAE software company
Process Systems Enterprise	Sep 16, 2019	–	Process Systems Enterprise provides engineering and innovation services to the process industries
ESTEQ	Jun 11, 2019	–	ESTEQ is a distributor of product lifecycle management, product design and simulation, and manufacturing operations software and services
Mendix	Aug 1, 2018	$700M	Mendix is the fastest and easiest high-productivity platform to create and continuously improve multi-channel applications at scale
Comfy	Jun 26, 2018	–	Comfy connects people, places, and systems through one intuitive workplace app
Austemper Design Systems	Jun 22, 2018	–	Austemper Design Systems is an electronic design automation tools company that provides a comprehensive tool-suite
J2 Innovations	May 17, 2018	–	J2 Innovations is the creator of FIN Framework, an advanced, open, customizable software platform for building automation & IoT applications

Siemens – Competitors

Siemens’s top competitors include Schneider Electric, ABB, General Electric, Toshiba, Bosch, BHEL, Mitsubishi Electric and Philips.

Siemens – Challenges Faced

A big issue was initially Siemens had Group Presidents that were also members of the overall firm’s managing board, which can present a conflict of interest. It is not customary for firms to have members of the board that are also sitting in positions of power within the company. It can make it difficult to be able to provide an un-bias opinion on controversial issues or decisions to be made at a corporate level.
There seemed to be a lack of structure within the corporate departments within the company. There were far too many groups and sub-groups in the corporate centre. There were five corporate centres, as well as five sub-corporate centres. This is seemingly an excessive number of departments within departments that can cause immense communication disconnects.
Siemens profit was stagnant for a period, despite a significant increase in sales. This was a major concern of shareholders. There is usually a problem if a business plan consists of improvements in sales, but not much improvement in profit over a prolonged period of time.
The top⁺program, while effective, was still missing something to help with the corporate environment of Siemens. Siemens still had somewhat of an unstable environment as a whole on the corporate level. Although the top⁺ program was implemented, there still were gaps in which Siemens could improve.
A more inclusive program needed to be developed, to still include the initial base of top but also detailing additional necessary strategies. This was part of Siemens’ projected plans throughout the 10-year period. However, many of the developed programs did not succeed as the initial program did. Therefore, they were constantly changing and not providing a stable plan for the company.

Siemens – Future Plans

When you think of a German multinational engineering and electronics conglomerate company, you immediately think of Siemens. The company decided to enhance its capability to respond rapidly to the increasing number, scale and complexity of Internet threats. This was also an opportunity to simplify its network and security operations to enable faster and more effective response management.

They have set 7 goals for the implementation of Vision 2020+.

Grow company value
Sharpen business focus Electrification, Automation and Digitalization
Be a partner of choice for our customers
Get closer to our markets
Live lean governance and drive continuous optimization
Be an employer of choice
Ignite pride and passion for Siemens through Ownership Culture

Frequently Asked Questions – FAQs

Is Siemens a British company?

No, Siemens is a German company, headquartered in Munich.

What does Siemens company do?

Siemens is a conglomerate company which deals with anything from power generation, transmission and distribution to smart grid solutions and the efficient application of electrical energy to areas of medical imaging and laboratory diagnostics.

What does Siemens AG stand for?

Siemens AG stands for Siemens Aktiengesellschaft.

April 9, 2021

Salesforce – Connecting Companies To Their Customers

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Salesforce.

Salesforce is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management that helps businesses connect with and get more information about their customer base. The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.

Read on to know more about the Salesforce company profile in this article.

Salesforce – Company Highlights

Startup Name	Salesforce
Headquarters	Salesforce Tower, San Francisco, California, U.S.
Industry	Cloud Computing, Software
Founded	February 3, 1999
Founders	Marc Benioff, Parker Harris, Dave Moellenhoff and Frank Dominguez
Area Served	Worldwide
Website	www.salesforce.com

Salesforce – About and How it Works?
Salesforce – Recent News
Salesforce – Logo and its Meaning
Salesforce – Founder and History
Salesforce – Mission
Salesforce – Business Model
Salesforce – Revenue and Growth
Salesforce – Funding and Investors
Salesforce – Investments
Salesforce – Acquisitions
Salesforce – Competitors
Salesforce – Challenges Faced
Salesforce – Future Plans
Salesforce – FAQs

Salesforce – About and How it Works?

Salesforce.com, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management service that helps businesses connect with and get more information about their customer base.

Salesforce also sells a complementary suite of enterprise applications focused on customer service, marketing automation, analytics, and application development. Salesforce’s services allow businesses to use cloud technology to better connect with customers, partners and potential customers. The software has become the number one for customer success and helps businesses track customer activity, market to customers and many more services.

The company is a service as a software (SaaS) – which means it uses a cloud-computing, software distribution model that hosts applications and makes them available online. Salesforce hosts numerous different cloud platforms that allow companies to interact with different data and service their customers in various capacities.

As of 2020, Salesforce has multiple different cloud platforms – a service cloud, marketing cloud, health cloud, app cloud, community cloud, analytics cloud, IoT cloud, Chatter cloud, commerce cloud, Heroku engagement cloud and more.

Salesforce – Recent News

As of December 2020, Salesforce, the global leader in CRM, and Gavi, the Vaccine Alliance, announced that they will collaborate to help Gavi manage critical information to equitably distribute approximately two billion COVID-19 vaccines to 190 countries by the end of 2021.

Fair, rapid and equitable access to vaccines is critical to ending the global pandemic. Public-private partnerships, such as Gavi, which are focused on getting vaccines to some of the world’s poorest countries, need to be armed with data and technology to facilitate distribution at scale.

In June, Gavi and other partners launched COVAX, a global alliance whose goal is to ensure that people in all corners of the world get access to COVID-19 vaccines, regardless of their wealth. COVAX will achieve this by supporting the research, development and manufacturing of a wide range of COVID-19 vaccine candidates, and also negotiating pricing and distribution for the 190 countries that have joined the alliance to date.

Salesforce – Logo and its Meaning

The Salesforce logotype is based on a metaphor: the cloud symbolizes the cloud architecture on which the service is built.

Salesforce Company Logo

Salesforce – Founder and History

The Salesforce founding date goes back to February 3, 1999 when former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company, and was launched publicly between September and November 1999.

In June 2004, the company had its initial public offering on the New York Stock Exchange under the stock symbol CRM and raised US$110 million. Early investors include Larry Ellison, Magdalena Yesil, Halsey Minor, Stewart Henderson, Mark Iscaro, and Igor Sill, a founding member of Geneva Venture Partners.

In October 2014, Salesforce announced the development of its Customer Success Platform to tie together Salesforce’s services, including sales, service, marketing, analytics, community, and mobile apps. In October 2017, Salesforce launched a Facebook Analytics tool for business-to-business marketers. In September 2018, Salesforce partnered with Apple intended on improving apps for businesses.

Salesforce – Mission

Salesforce’s mission statement says, “Our mission is to help our customers transform themselves into customer companies by empowering them to connect with their customers in entirely new ways. To deliver our customers a carbon neutral cloud we went even further offsetting emissions throughout our data center supply chain.”

Salesforce – Business Model

Salesforce is a leading provider of enterprise software, delivered through the cloud, with a focus on customer relationship management, or CRM. Salesforce introduced a first CRM solution in 2000.

The key to the successful Salesforce business model is based on the fact that service offerings can be deployed rapidly, configured easily and integrated with other platforms and enterprise applications, or apps. While this might seem trivial today, it wasn’t back in the 2000s. CRM services often required high upfront costs together with expensive services hard to run and maintain. Salesforce changed all that.

Those services are delivered in two ways:

Via major internet browsers and on leading mobile devices
Direct sales efforts and also indirectly through partners

Salesforce – Revenue and Growth

The Salesforce revenue generation strategy is based on a subscription-based cloud service. Over 92% of Salesforce revenues come from four categories of cloud Customer Relationship Management services, that span from the sales cloud to marketing cloud.

The remaining revenues are primarily driven by professional services. In 2017 the company generated $8.39 billion in revenues. Salesforce, Inc revenue for the twelve months ending October 31, 2020 was $20.286B, a 27.99% increase year-over-year.

| Year | Amount | Percentage change from last year |
| — | — | — | — |
| 2020 | $17.098B | + 28.73% |
| 2019 | $13.282B | +26.02% |
| 2018 | $10.54B | +24.93% |

Salesforce – Funding and Investors

Salesforce has raised a total of $65.4M in funding over 6 rounds. Their latest funding was raised on Jan 1, 2003 from a Venture – Series Unknown round. Salesforce is funded by 21 investors. Emergence and New Enterprise Associates are the most recent investors.

Date	Round	Amount	Lead Investors
Jan 1, 2003	Venture Round	$1M	Emergence
Jan 1, 2002	Venture Round	–	–
Jun 1, 2001	Series D	$46.9M	–
Nov 1, 1999	Series C	$13.2M	–
Jun 1, 1999	Series B	$3.8M	Halsey Minor
Apr 1, 1999	Series A	$517K	Marc Benioff

Salesforce – Investments

The number of Salesforce investments stands at 38. Their most recent investment was on Feb 20, 2020, when Resily raised ¥500M.

Date	Organization Name	Round	Amount
Feb 20, 2020	Resily	Series A	¥500M
Jan 31, 2020	Caulis Inc.	Venture Round	¥140M
Jan 28, 2020	Uhuru	Corporate Round	¥500M
Sep 5, 2019	OCT	Venture Round	¥2.4B
Jul 25, 2019	Year Up	Grant	–
Jul 25, 2019	Enterprise for Youth	Grant	–
Jul 25, 2019	Genesys Works	Grant	–
Jul 25, 2019	Futures and Options	Grant	–
Nov 22, 2018	Unified Service	Venture Round	¥627.5M
Jul 23, 2018	SunBridge	Corporate Round	–

Salesforce – Acquisitions

Salesforce has acquired 66 organizations. Their most recent acquisition was Slack on Dec 1, 2020. They acquired Slack for $27.7B.

Acquiree Name	Date	Amount	About Acquiree
Slack	Dec 1, 2020	$27.7B	Slack is an enterprise software platform that allows teams and businesses of all sizes to communicate effectively.
Acumen Solutions	Dec 1, 2020	–	Acumen is a business and technology consulting firm.
Mobify	Sep 6, 2020	$60M	The #1 provider of Progressive Web Apps for retailers and brands that want to win at mobile commerce.
The CMO Club	Mar 2, 2020	–	The CMO Club is a network of marketing executives that hosts events and shares reports from professionals in the marketing industry.
Vlocity	Feb 25, 2020	$1.3B	Vlocity provides industry-specific cloud and mobile software that drives digital transformation for companies.
Evergage	Feb 3, 2020	–	Evergage’s cloud-based platform empowers digital marketers to increase engagement and conversions through real-time 1:1 personalization
ClickSoftware Technologies	Aug 8, 2019	$1.4B	ClickSoftware Technologies provides workforce and service management software products and solutions.
Tableau	Jun 10, 2019	$15.7B	Tableau helps global organizations unleash the power of their most valuable assets: their data and their people.
Bonobo AI	May 6, 2019	–	Bonobo.ai is a platform for Marketing Automation and Behavioral Insights for Conversational Human-Machine Interactions.
MapAnything	Apr 17, 2019	$213M	MapAnything provides a suite of “Where” apps and platform services to drive productivity and planning across many business needs.

Salesforce – Competitors

Salesforce’s competitors are: Zendesk, Pega Systems, Oracle, Microsoft Dyamics, SAP, Appian, ServiceNow, Jira Software etc.

Salesforce – Challenges Faced

Subject to a phishing attack – In November 2007 a successful phishing attack on a Salesforce employee compromised contact information on a number of Salesforce customers, which was then used to send highly targeted phishing emails.

Attempt to trademark Social enterprise- In July 2012, Salesforce applied to trademark the term “social enterprise” in the United States, the European Union and Jamaica where the term was in widespread use to describe businesses with a primarily social purpose. This was successfully challenged by a campaign called #notinourname which was launched by Social Enterprise UK, resulting in Salesforce.com withdrawing their trademark application and agreeing not to use the term in their future marketing.

Tax avoidance- In December 2019, the Institute on Taxation and Economic Policy found that Salesforce was one of 91 companies who “paid an effective federal tax rate of 0% or less” in 2018, as a result of the Tax Cuts and Jobs Act of 2017. Their findings were published in a report based on the 379 Fortune 500 companies that declared a profit in 2018.

Salesforce – Future Plans

CRM market potential is projected to grow annually at 12% to reach $82B by the year 2025.
Salesforce recently announced a goal of reaching $60B in revenue by the year 2034.
Salesforce is expected to increase its workforce from around 30000employeesto around 45000 by the year 2022.

Salesforce – FAQs

What does Salesforce do?

Salesforce is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management that helps businesses connect with and get more information about their customer base.

Who founded Salesforce ?

The company was founded on February 3, 1999 by former Oracle executive Marc Benioff, together with Parker Harris, Dave Moellenhoff, and Frank Dominguez as a software as a service (SaaS) company, and was launched publicly between September and November 1999.

What companies do Salesforce compete with ?

Salesforce’s competitors are Zendesk, Pega Systems, Oracle, Microsoft Dynamics, SAP, Appian, ServiceNow, Jira Software etc.

How does Salesforce make money?

Salesforce main revenue generation strategy is based on a subscription-based cloud service. Over 92% of Salesforce revenues come from four categories of cloud CRM (Customer Relationship Management) services, that span from the sales cloud to marketing cloud.

April 2, 2021

WhatsApp Or Telegram: Which is Better and Why?

Instant messaging is a common thing in the current communication landscape. Also, real-time messaging is one of the simplest ways to connect with our friends or coworkers. WhatsApp and Telegram are considered as the major apps in instant messaging apps. They both are constantly working on updates to improve the user experience.

Currently, there are so many messaging apps and services are available. But this field becomes a bit narrow if privacy and security are your main concerns. Using SMS and email as a means of communication is not a very secure option. Both are easily disrupted. And it is passing through mediators, so there is a scope for intrusion into privacy.

WhatsApp and Telegram are major rivals in instant messaging apps industry. Both apps have strengths and weaknesses, but there is one common thing. That is encryption. That means that the messages you send are being scrambled so that they cannot be read even if someone intercepts them. Let us discuss more about these two messaging tools.

WhatsApp Messenger
Telegram Messenger
FAQ’s
Conclusion

WhatsApp Messenger

WhatsApp Messenger is a freeware application for messaging and Voice over IP service. WhatsApp is founded by Brian Acton and Jan Koum in 2009. Currently, it is owned by Facebook, Inc. It enables users to make voice and video calls, send voice messages and text messages, share documents, images, user locations, and other media. We can access the application from mobile devices and desktop computers.

**Number of WhatsApp users from 2014 to 2020**

The application allows you to communicate with anyone in your contact list, who uses WhatsApp. The users need to provide a standard cellular mobile number for registering and using the service. WhatsApp launched a business app named WhatsApp Business in January 2018. It enables companies to communicate with consumers who utilize the standard WhatsApp client.

Advantages

The interface is very fast, simple, and easy to use. The application can be easily used by people of all ages without any external help.
By 2015, it had become the most popular messaging app in the world. WhatsApp has 2 billion users worldwide as of 2020.
The application is not only for sending text messages. Users are also able to make video and audio calls through WhatsApp.

It enables us to listen to an audio message without earphones in public areas. If you bring the phone close to your ear when the audio message is being played, the audio volume will decrease and you can listen to it as on a call.
All your conversations on WhatsApp are end-to-end encrypted. So, your messages are safe and cannot be read or accessed by anyone except you and the person with whom you communicate. Even WhatsApp can’t see your chats.
WhatsApp is free of cost. We are able to use WhatsApp without spending a single penny.
We can keep important messages by starring them. It enables us to find those messages under a specific category. Also, it becomes more easily discoverable.
WhatsApp supports stories. So we are able to share what’s happening in the last 24 hours with contacts on WhatsApp.
iOS users can use WhatsApp hands-free with the help of Siri. Siri can read and send messages. Also, it can make calls.
It has a delivery status feature. Users can confirm that their message has been sent to the desired contact and ensure whether they have read it or not.

Disadvantages

We are not able to send documents larger than 100 MB and video files that are more than 16 MB through WhatsApp.
The stickers are available on WhatsApp. But, WhatsApp doesn’t have animated stickers that are available on Facebook messenger.
If you don’t have a cell phone number of a person, you are not able to connect with that person through WhatsApp. We can’t find people by searching their username.

There is no logout option to sign out from our account in WhatsApp. That isn’t good for our privacy.
If we don’t opt out of the settings, WhatsApp will share our messaging meta data with Facebook. Profiles will be easily linked if you use the same phone number for Facebook and WhatsApp.
It is not easy to migrate our chat history from Android to iOS. In some times, this may require a third-party application.
There is no cloud sync in WhatsApp. The messages will not be stored on WhatsApp server, because of security and privacy reasons.
The number of members who can join in a single group is limited to 256 people.

Telegram Messenger

Telegram is a software for instant messaging, voice over IP, and video telephony service. Telegram client apps are available for GNU/Linux, Windows, Android, iOS, and macOS. It is developed by Telegram FZ LLC in 2013. The application allows users to send messages and exchange videos, audios, photos, stickers, and different types of files. The client-side code of Telegram is a free software. But, the server-side code is a closed-source. Also, it offers APIs to independent developers. Telegram had reached 400 million active users on April 2020.

**Number of Telegram users from 2014 to 2020**

Advantages

It allows us to share large files of size up to 2 GB. It includes images, videos, documents, gifs, executable files and geo location.
The app has self-destructing timers for chats. It has the ability to permanently delete messages of theirs and yours, from the device.
The user interface of Telegram is customizable with so many clean looking options
We are able to create groups of up to 200,000 people.
The users are able to set an extra password for our account. We can reset it through our email. Also, there is no need to use an email if you aren’t interested.

You can share invite links to let other users instantly join your group or channel. In addition to the permanent link, you can make multiple other links with custom properties like a limited duration or number of uses. #TelegramTips pic.twitter.com/MwYobcWiCT

— Telegram Messenger (@telegram) March 8, 2021

We can save our time with link previews and inline bots. The users are able to look things up without leaving the chat that they are in, with the help of inline bots such as @pic/bing, @gif, @vid/YouTube, etc.
There is a built-in setting to scale the UI of the app up to 200% in the desktop app. It enables users with 4k screens to utilize the app without scaling problems.
Limitless number of files can be stored permanently in the cloud, when using telegram.
Telegram has an open source MTProto encryption protocol. It gives end-to-end encryption for secret chats.
You are able to write messages to yourself. You can add links, and write notes.
The users are able to pin messages to the top of groups. All members can see that when opening the group.
We can find peoples by searching their username.
Telegram allows the users to edit or delete messages at any time.
The users are able to upload a video to their profile and select a frame for the profile picture in chats.

Telegram's Global Search helps you find public groups, channels, users and includes results from your chats. Some say it can even find the meaning of life itself. #TelegramTips pic.twitter.com/K6YiGMPrf0

— Telegram Messenger (@telegram) February 17, 2021

Disadvantages

100% of privacy cannot be assessed, because the backend software is not open-source.
We require a phone number to create an account. We are not able to activate and use the telegram by using mail.

We need to use secret chat function to get end-to-end encryption. Secret chat only works on mobile applications, which means there is no way to encrypt messages end to end when using web browser client or desktop client.
It is difficult to share code snippets through telegram, because the source code syntax highlighting is not available in it.
Spherical 360° photos don’t work in telegram. Because, it doesn’t support that format.
Telegram doesn’t have group video call feature.

In short, WhatsApp has more user base, group video calls, and ubiquitous end-to-end encryption. But it lags behind with features like cloud storage, limited file sharing. On other hand, telegram has various bots, platform compatibility, file sharing and privacy. But, it is far behind in group video call support and their user base is small. So you need to pick depending on your choices.

FAQ’s

Who owns Telegram?

Telegram is owned by the same two people who founded the company in Russia back in 2013, Pavel Durov and his brother Nikolai. Pavel is also the company’s CEO.

Why do people use Telegram?

The reason for this is Telegram’s enhanced use of the cloud. Essentially, it stores all of your messages and photos on a secure server. This means you can access them from any connected device, making Telegram much more multi-platform friendly than other chat apps like WhatsApp. Another security feature is usernames.

Why use telegram over WhatsApp?

Even though WhatsApp has more than 1.3 billion users worldwide, the features offered by Telegram like secret chat, self-destructing messages, encrypted backup ensure more secured chats. Apart from security features, Telegram is also ahead of WhatsApp in terms of other features like Dark Mode and larger group capacity.

Is it safe to use WhatsApp?

Although end-to-end encryption makes WhatsApp more secure than other communication apps, no app is 100 percent safe to use. Like any app or digital device, WhatsApp is often targeted by bad actors.

What’s the point of using WhatsApp?

WhatsApp is a free, multiplatform messaging app that lets you make video and voice calls, send text messages, and more — all with just a Wi-Fi connection. With over 2 billion active users, WhatsApp is especially popular among friends and family who live in different countries and want to stay in touch.

Who uses WhatsApp the most?

There are over 340 million WhatsApp users in India alone, making it the leading country in terms of WhatsApp audience size. Second-ranked Brazil had 99 million WhatsApp messenger users. Mobile messenger is the most popular messaging service worldwide.

Can strangers contact you on WhatsApp?

Whatsapp is integrated with the address book in your phone. So, If a stranger wants to add you to his Whatsapp account, you must first share your cellphone number with that stranger, then he may add it to his address book and in a couple of minutes, your name will be visible in his Whatsapp messenger.

How do WhatsApp earn?

WhatsApp doesn’t earn revenue through advertisements. The founders hated advertisements and created this ad-free platform focusing just on great user experience and interface. They wanted to create an instant messaging platform for the users and not for the big companies to place ads.

How much money does Telegram make?

The venture founded by the Russian duo of brothers Pavel Durov and Nikolai Durov is valued in the range of $3-5 Billion and according to the founders will never be up for sale. These facts are astonishing since Telegram spent even 0 cents on promotion and the user base is growing organically based on the product.

How does Telegram make a profit?

Telegram does not generate revenue as it stands, with a purported commitment to keeping the company free of the influence of money. As of September 2019, funding is 100% privately generated by Pavel Durov.

Conclusion

Nowadays, most people who use smartphones are addicted to Messenger Apps. If it is a personal message or professional message, we need a platform to send texts, documents, photos and videos. All messaging platforms provide various services. But the question to be asked is. Are these platforms secure and authentic? Is WhatsApp secure? Is Telegram secure? To find that, we should do research and understand the messaging platforms accordingly. Based on the findings from research you should decide for yourself.

March 9, 2021

Gurucan: All-in-one Platform for Launching Your Online Courses

Gurucan is a 7-in- one platform that enables users to sell courses, workouts, memberships, and challenges online with their own Android and IOS apps.

The education technology industry is brimming with diversified content and platforms, but not all of these platforms are beginner-friendly.

With Gurucan you can simplify your teaching process. All you need to do is to upload your content to make it available on both the app and web platforms.

What is Gurucan?
Gurucan – Features
Gurucan – Pricing
Gurucan – FAQ’s
Conclusion

What is Gurucan?

It is a service-based tool that allows users to run live sessions, webinars, sell memberships and launch online courses.

Gurucan: Launch live seminars, online courses and much more

Gurucan also offers special health and fitness features, that users can use to set up custom workouts, fitness challenges, and nutrition plans for their audiences. Since it also offers free migration from other services, users can sell multiple online courses on a single platform.

With dedicated content management, users can create multimedia images, videos, quotes, and text with an advanced editor. You can either link up a custom domain or you can use a free domain that will be provided to you.

Without any need for code, users can create white-labeled designs and templates to create branded applications.

Gurucan – Features

Branded IOS/ Android App

Give the best engagement to your students and audience with Gurucan.

With so many people consuming mobile content, it is crucial that online courses work on mobile devices as well. Gurucan helps you create mobile content in a simplified process.

You can even customize your app with personal branding by selecting a design and uploading a logo to provide a seamless user experience.

Create engaging online courses

Gurucan has made the content creation process a very simple process that even a teenager would be able to use it.

Gurucan allows users to create stunning online courses

You will be able to create scheduled challenges, training tips, create video lessons and drip courses for any medium, from text and digital downloads to webinars and podcasts.

With a mobile-friendly design, your content will look really good and be easy to navigate on both mobile and web apps. Engage with your audience with built-in reports, quizzes, and chats, and then track their activity.

You will be provided with detailed reports of their activity so you can motivate them to finish their courses and achieve their goals.

Automate Marketing

Creating quality content isn’t the only requirement for a successful business. You also need to have the skills to market your service to attract your audience.

Gurucan lets you automate your marketing strategies with built-in automation tools. You can send notifications and emails automatically or put your complex marketing campaigns on auto-pilot.

You will also be able to tag users ad segment them based on dozens of actions and triggers, making it easier for you to create automated campaigns. Set up new automated campaigns within minutes using Gurucan’s visual builder.

Grow your membership business

Gurucan makes it a breeze to build and monetize membership programs.
If you’re an influencer, blogger, or community builder, your first and foremost priority is to attract members.

Gurucan lets you do this by managing subscriptions, running a blog, and creating group chats for your community on a single platform. From a single dashboard, you can customize your membership options as you build multiple pricing plans for different types of content and run free trials.

You can receive multiple payments from your members for your subscription packages through integrations like PayPal and Stripe.

Multiple Integrations

You need not worry if you’re already using different applications for your marketing, blogging, or payment process. Gurucan allows you to connect literally any tool through Zapier or Integromat.

You can also use native integrations for tons of poplar software like Twilio, Vimeo, Wistia, SendGrid, YouTube, and Mailchimp.

Gurucan – Pricing

Single – $79/ lifetime

Unlimited active students/users
125 GB bandwidth per month
1,000 marketing emails per month

Double – $158/ lifetime

Unlimited active students/users
500 GB bandwidth per month
4,000 marketing emails per month

Multiple – $237/ lifetime

Unlimited active students/users
1.25 TB bandwidth per month
10,000 marketing emails per month

Click below to get Life Time Access to Gurucan at the best price ever.

Gurucan – FAQ’s

Can I brand Gurucan app and web?

Yes, you can customize the appearance by uploading your logo, linking custom domain, setting branded colors, favicon, and changing the menu icons. Your members will download Gurucan app for iOS and Android, sign in to your course, and dive into your brand.

Can I create the different levels of access?

Yes, you can use a setting that only purchased content is visible or even create the “secret offers” available only by the link. Making offers for subscriptions or one-time payments allows you to form a bundle of any content — articles, chats, online courses, etc.

Does Gurucan allow to create chapters?

Yes, you can create chapters and separate lessons. Make them available all at once or only one-by-one, also drip-content is available.

Can I create quizzes?

Users can take quizzes and submit assessments in each lesson. Users can answer in an open format, including text, video, audio, or image files.

How can I communicate with my users?

Several options: inside the community in group chats, give feedback in the assessments, send push-notifications and emails. You can create automated sequences of push-notifications and emails, starting from the welcome message to the new course launch.

Conclusion

Launching your own online course could take a lot of time and resources. However, with Gurucan you can create, customize, and monetize your online program with built-in marketing and Web and mobile compatibility.

There are barely any applications on the market that boast as many features as Gurucan, and none of them are as easy to use.

Upgrade your brand and business by signing up for Gurucan today!

February 12, 2021

GameStop – Let the Game Begin!

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

Children love playing video games. In today’s date, not only the children but also the adults crave for playing video games. Video games enable players to enjoy life. Both the children and the middle-aged generation are so busy in their daily routine that getting leisure time is being difficult every passing day.

GameStop is an American video game, gaming merchandise and consumer electronics retailer. It is considered to be the world’s largest retail gaming destination for PlayStation 4, One X, Xbox and Nintendo Switch games, consoles and accessories. Read the GameStop success story below.

GameStop – Company Highlights

Company Name	GameStop
Headquarters	Grapevine, Texas, United States
Sector	Gaming, Online Gaming and Software
Founders	Gary M. Kusin and James McCurry
Founded	1984
Website	gamestop.com

GameStop – About
GameStop – Startup Story
GameStop – Founders and Team
GameStop – Tagline, Slogan and Logo
GameStop – Business Model
GameStop – Revenue Model
GameStop – Funding
GameStop – Competitors
GameStop – FAQs

GameStop – About

GameStop is an entertainment software and video games retailer. It is operating more than thousands of retail stores globally. This company has made technology both simple and affordable. It offers the entire world with wireless services. The company is a retailer of pop culture collectibles and multichannel video games.

GameStop – Startup Story

Kusin worked at Federated Department Stores as a manager and McCurry was a consultant in Bain & Company’s office. Both were classmates in the past school days. In 1982, both the friends met with each other about a proposal to launch a chain of software for video and computer games selling stores. McCurry believed desperately that one day both would definitely succeed. The friends resigned at the end of 1982. The first Babbage’s retail store was inaugurated in 1983 in a mall. It was named after the British mathematician Charles Babbage. The goal was to keep updated products. McCurry took care of the finances and Kusin acquired products from the local distributors. And the men continued opening several stores all around.

GameStop – Founders and Team

Gary M. Kusin and James McCurry are the founders of the company GameStop.

Gary M. Kusin is an American entrepreneur, business advisor and the co-founder of GameStop. He was the President and the CEO at FedEx Kinko’s for a time period of 6 years. He has got 2 sons and both of the sons are now American entrepreneurs.
James McCurry was the founder, president and the CEO of the company. He completed his education from Harvard University.

GameStop – Tagline, Slogan and Logo

The tagline of the company is ‘Power to the Players‘.

GameStop – Business Model

The company targets its valuable offerings to anyone who loves playing video games and has got a craving for tech products. The products are very accessible to the consumers in the outlets as there is a wide range found in the stores. GameStop is not only accessible in case of its products but also the locations of the stores are accessible for the customers to reach out. Outlets are situated in the shopping malls or in the major metropolitan areas for attracting people.

GameStop – Revenue Model

The company generates revenue from the sale of the products to various consumers in different channels. The biggest cost driver here is the cost of sales. The other cost drivers are in the areas of marketing or administration. GameStop has got around 80 manufacturers, software publishers and distributors. The top dealers of the company are Microsoft, Electronic Arts, Sony and Nintendo.

GameStop – Funding

Date	Transaction Name	Money Raised	Lead Investor
August 31, 2020	Post-IPO Equity	–	RC Ventures

GameStop – Competitors

The top competitors of the company are Auchan, Carrefour, Sony and Microsoft.

Auchan is a platform providing consumer products. The company was founded in 1961 and is headquartered at Moskva, RU. It operates in the retail appliances like furniture, toys, groceries and health care and beauty industry.
Carrefour is a supermarket and hypermarkets company. The company was founded in 1959 and is headquartered at Paris, France. It works in the e-commerce sector.
Sony is a company that sells electronics products for professionals and consumers. The company was founded in 1946 and is headquartered in Tokyo, Japan. It operates in the manufacturing and industrial and media and entertainment industry.
Microsoft is a technology company that supports and develops software, devices and services. The company was founded in 1975 and is headquartered in Redmond, US. It works in the tech field.

GameStop – FAQs

Is GameStop shutting down?

The company has got plans to shut down around 1000 stores all around by the end of March 2021.

Did GameStop’s business end in 2020?

GameStop has already closed more than 321 stores in 2019. This is being done because the company’s sales are no more profitable like before it used to be.

How much cash does GameStop provide to a seller of PS4?

Probably not more than $130 (if only the item is in a very good condition).

February 2, 2021

Twilio – Fuelling The Future Of Communications

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

Cloud communications are Internet-based voice and data communications where telecommunications applications, switching and storage are hosted by a third-party outside of the organization using them, and they are accessed over the public Internet.

Twilio is an American cloud communications platform as a service company based in San Francisco, California. Twilio allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs.

Twilio – Company Highlights

Startup Name	Twilio Inc.
Headquarters	San Francisco, United States
Industry	Cloud Computing, Software
Founded	2008
Founders	Jeff Lawson, Evan Cooke, and John Wolthuis
Area Served	Worldwide
Website	www.twilio.com

Twilio – About and How it Works?
Twilio – Recent News
Twilio – Logo and its Meaning
Twilio – Founder and History
Twilio – Mission
Twilio – Business Model
Twilio – Revenue and Growth
Twilio – Funding and Investors
Twilio – Investments
Twilio – Acquisitions
Twilio – Competitors
Twilio – Challenges Faced
Twilio – Future Plans
Twilio – FAQs

Twilio – About and How it Works?

Twilio Inc. develops and publishes internet infrastructure solutions. The Company offers cloud computing platform to allow web developers to integrate phone calls, internet protocol voice communications, and text messages into web, mobile, and phone applications. Twilio serves customers worldwide.

The company serves as a communications platform as a service company that allows software developers to integrate messaging and communications functionality into existing or new applications via application programming interfaces, or APIs, and software development kits, or SDKs.

The firm’s Programmable Communications Cloud addresses several use cases, including Programmable Voice to make and receive phone calls, Programmable Messaging for SMS and MMS delivery, and Programmable Video that allows developers to embed video functionality in mobile and web applications.

Twilio – Recent News

As of November 2020, Twilio, the leading cloud communications platform, announced the successful completion of its previously announced acquisition of Segment, the market-leading customer data platform. This transaction is valued at approximately $3.2 billion in Twilio Class A common stock, on a fully diluted and cash free, debt free basis.

Twilio – Logo and its Meaning

Our logo is often the first and most memorable interaction someone will have with our brand. It has been precisely drawn for optimum visual balance.

Twilio’s company logo

Twilio – Founder and History

Twilio was founded in 2008 by Jeff Lawson, Evan Cooke, and John Wolthuis and was originally based in both Seattle, Washington, and San Francisco, California.

Jeff Lawson, an engineer from Michigan, was tired of dealing with the expensive contracts and equipment associated with his companies’ telecommunications operations. He dreamed of being able to add communications into his businesses’ workflow in the same way he could add code to his software – specifically, enabling app developers to embed voice into their applications. In 2007, he met with twenty angel investors and venture capitalists, none of whom bought into his vision.

He forged ahead anyway, partnering with Evan Cooke and John Wolthuis to form a firm shortly after the financial crisis hit in 2008: Twilio. The company allowed clients’ developers to embed voice, video, messaging, and authentication directly into applications. They turned the service into a platform, and despite initial competition, the apps based on it began to achieve significant success.

Twilio’s first major press coverage, in November 2008, was the result of an application built by Jeff Lawson to rickroll people, which investor Dave McClure used on TechCrunch founder and editor Michael Arrington as a prank. A few days later on November 20, 2008, the company launched Twilio Voice, an API to make and receive phone calls completely hosted in the cloud. Twilio’s text messaging API was released in February 2010, and SMS shortcodes were released in public beta in July 2011.

Twilio – Mission

Twilio’s mission is to fuel the future of communications. By making communications a part of every software developer’s toolkit, Twilio is enabling innovators across every industry — from emerging leaders to the world’s largest organizations — to reinvent how companies engage with their customers.

Twilio – Business Model

Twilio gets paid a small fee every time one of its APIs is employed. Twilio has a niche market business model, serving a specialized customer segment. Its products target companies that want to embed telecommunications features into applications. Twilio’s main channel is its direct sales force, through which it acquires new customers. It also markets its offerings through its website.

Twilio – Revenue and Growth

“Our performance in the third quarter is further evidence that Twilio’s platform provides three things that every company needs today — digital communications, software agility, and cloud scale.”

| Year | Amount | Percentage Change From Last Year |
| — | — | — | — |
| 2020 | $0.448B | +51.82% |
| 2019 | $1.134B | +74.52% |
| 2018 | $0.65B | +62.92% |
| 2017 | $0.399B | +43.88% |

Twilio – Funding and Investors

Twilio has raised a total of $236.2M in funding over 10 rounds. Their latest funding was raised on Mar 8, 2017 from a Undisclosed round. Twilio is funded by 24 investors. K2 Global and Victor Koch are the most recent investors.

Date	Round	Amount	Lead Investors
Mar 8, 2017	Funding Round	–	–
Jan 12, 2016	Secondary Market	$3.5M	–
Jul 29, 2015	Series E	$130M	Fidelity, T. Rowe Price
Mar 31, 2015	Secondary Market	–	Founders Circle Capital
Jan 7, 2015	Secondary Market	–	Founders Circle Capital
Jun 7, 2013	Series D	$70M	Bessemer Venture Partners
Dec 7, 2011	Series C	$17M	Bessemer Venture Partners
Nov 9, 2010	Series B	$12M	Bessemer Venture Partners
Dec 30, 2009	Series A	$3.7M	Union Square Ventures
Apr 15, 2009	Seed Round	–	Techstars, Techstars Ventures

Twilio – Investments

Twilio has made 7 investments. Their most recent investment was on Sep 14, 2020, when Courier raised $10.1M.

Date	Organization Name	Round	Amount
Sep 14, 2020	Courier	Series A	$10.1M
Apr 2, 2020	Tech Matters	Seed Round	$1.7M
Jul 11, 2018	Inspectorio	Series A	$10M
Jul 9, 2018	Cell-Ed	Seed Round	$1.6M
Feb 1, 2018	Edovo	Seed Round	$250K
Aug 2, 2017	Hustle	Series A	$8M
Jun 30, 2017	Fast Forward	Venture Round	$2.2M

Twilio – Acquisitions

Twilio has acquired 8 organizations. Their most recent acquisition was Segment on Oct 12, 2020. They acquired Segment for $3.2B.

Acquiree Name	Date	Amount	About Acquiree
Segement	Oct 12, 2020	$3.2B	Segment provides customer data infrastructure that helps businesses put their customers first.
Electric Imp	Jul 9, 2020	–	Electric Imp provides a secure IoT platform, connecting cloud services with the real world
Teravoz	Jan 14, 2020	–	Teravoz is a hosted PBX Platform for SMBs and Call Centers, and telephony APIs
SendGrid	Oct 15, 2018	$3B	SendGrid is a cloud-based customer communication platform that drives engagement and business growth.
Ytica	Sep 11, 2018	–	Ytica is a SaaS omnichannel WFO for cloud based contact centers.
Beepsend SMS	Feb 7, 2017	–	Beepsend offers global connectivity with solutions for SMS-MT, HLR lookup, premium SMS, and billing services.
Kurento	Sep 20, 2016	–	Kurento is an open source software development framework providing a media server written in C/C++, which embeds.
Authy	Feb 24, 2015	–	Authy provides an API for developers to customize the user experience when adding two-factor authentication and multiple add-ons for apps.

Twilio – Competitors

Twilio’s top competitors are :

Vonage Communications APIs (formerly Nexmo)
Plivo.
Bandwidth.
Telnyx.
Zipwhip.
MessageBird.
Infobip.
Voxbone, now part of Bandwidth.

Twilio – Challenges Faced

In its early months of development, the San Francisco-based cloud communications company, founded in 2007, was comprised of…well, mostly co-founders, as you’d expect.

According to Twilio’s chief executive officer and co-founder, Jeff Lawson, he faced the same problem every successful startup will eventually have to face: disconnection from his customers.

“When you first start a company there are so many things that you intrinsically understand because you know all the customers, all the technology, everything, the longer we ran the company the more specialized the employees got and there was a disconnect between the customers and some of the employees.”

Twilio – Future Plans

“Twilio builds leading engineering teams around the world by giving ownership, agency, and exciting challenges to the most talented engineers.” — Chee Chew, Chief Product Officer, Twilio

The Covid-19 disruption has helped Twilio grow in new areas such as telehealth and online education. Meanwhile, its pandemic-hit dining and ride-sharing markets are starting to improve.

A diversified customer base has helped Twilio during the pandemic. The company is spending more on back-office processes, sales and marketing to target new opportunities.

Twilio – FAQs

What does Twilio do?

Twilio Inc. develops and publishes internet infrastructure solutions. The Company offers cloud computing platform to allow web developers to integrate phone calls, internet protocol voice communications, and text messages into web, mobile, and phone applications.

Who founded Twilio ?

Twilio was founded in 2008 by Jeff Lawson, Evan Cooke, and John Wolthuis.

Who is the CEO of Twilio?

Jeff Lawson is the current CEO of Twilio.

January 8, 2021

Shopify – Making Easier To Start, Run, And Grow a Business

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

E-commerce has become mainstream in people’s daily lives with profound benefits. Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools.

Shopify – Company Highlights

Startup Name	Shopify Inc.
Headquarters	Ottawa, Ontario, Canada
Industry	Software, E-Commerce
Founded	2006
Founders	Tobias Lütke(CEO), Daniel Weinand, and Scott Lake
Total Valuation	$122.3M (As of 2019)
Area Served	Worldwide
Website	www.shopify.com

Shopify – About and How it Works?
Shopify – Recent News
Shopify – Logo and its Meaning
Shopify – Founder and History
Shopify – Mission
Shopify – Business Model
Shopify – Revenue and Growth
Shopify – Funding and Investors
Shopify – Acquisitions
Shopify – Competitors
Shopify – Challenges Faced
Shopify – Future Plans
Shopify – FAQs

Shopify – About and How it Works?

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is a company that develops a cloud-based, multichannel commerce platform for small and medium-sized businesses. It is used to design, set up, and manage stores across multiple sales channels, including web, mobile, social media, brick-and-mortar locations, and pop-up shops. The platform also provides a back-office and a single view of the clients’ business.

Shopify operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops.

Shopify – Recent News

As of December 2020, Shopify Merchants Break Records with $5.1+ Billion in Worldwide Sales over Black Friday/Cyber Monday Weekend.

“We’re excited to share our Black Friday/Cyber Monday weekend results, with sales of $5.1+ billion from the more than one million Shopify-powered brands around the world. From November 27 through November 30, total sales grew by 76% from the $2.9+ billion reported for Black Friday/Cyber Monday weekend in 2019, a record that was surpassed this year on Saturday, November 28, at 5:00pm ET.”

Shopify – Logo and its Meaning

The calm green color of the Shopify emblem symbolizes comfort and growth, it also evokes a sense of safety and reliability. The logo, designed in 2006, wasn’t changed until today, as it is a perfect reflection of the company’s values and principles.

Shopify’s Company Logo

Shopify – Founder and History

Shopify was founded in 2004 in Ottawa by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Dissatisfied with the existing e-commerce products on the market, Lütke, a computer programmer by trade, instead built his own.

The first iteration of Shopify (before it was called such) was an online store that sold snowboards. When Shopify was a store selling snowboards, it was called Snowdevil. When Shopify was first an e-commerce platform, it was called Jaded Pixel.

It only took two years for the company to turn a profit, and now the company boasts $29 billion in sales and over 377,000 active shops on its platform. It’s also grown by leaps and bounds internally. When Lutke started Shopify it was him and a few friends. Now, they have nearly 2,000 employees and five office locations.

Shopify has garnered recognition for its growth and success; in 2012 the company was named “Canada’s Smartest Company” by Profit Magazine and was also a finalist for Startup of the Year. The same year Lutke was a finalist for Entrepreneur of the year, and three years later Shopify was named Employer of the Year in the Canadian Startup Awards.

Shopify – Mission

Shopify’s mission statement says, “We help people achieve independence by making it easier to start, run, and grow a business. We believe the future of commerce has more voices, not fewer, so we’re reducing the barriers to business ownership to make commerce better for everyone.“

Shopify – Business Model

Shopify has a platform business model approach – Shopify acts as a platform that enables users to create an online store in order to sell their goods online. Shopify helps businesses connect with consumers by providing the businesses with the tools necessary to build an ecommerce site.

Shopify Plus is a service thought for enterprise customers, with larger volumes, which is several times more expensive than the advanced plan.

Shopify Plus is for merchants with higher-volume sales and it offers additional functionality, scalability, and support requirements, including a dedicated Merchant Success Manager.

That comprises brands like Unilever, Kylie Cosmetics, Allbirds, and MVMT. Shopify has around 5,300 enterprise accounts as of 2018, which are a key driver of both the company’s subscription and merchant revenues.

Shopify – Revenue and Growth

Shopify revenue for the twelve months ending September 30, 2020 was $2.457B, a 73.4% increase year-over-year.

| Year | Amount | Percentage Change from Last Year |
| — | — | — | — |
| 2019 | $1.578B | +47.05% |
| 2018 | $1.073B | +59.4% |
| 2017 | $0.673B | 72.94% |

Today, their platform Shopify hosts over 325,000 shops for individual sellers and internet giants like Google and Tesla. The more money customers made, the more money Shopify made. This drove Shopify to help their users become better merchants, and that’s the biggest reason they’ve grown to where they are today.

Shopify – Funding and Investors

Shopify has raised a total of $122.3M in funding over 4 rounds. Their latest funding was raised on Dec 11, 2013 from a Series C round. Shopify is funded by 8 investors. Felicis Ventures and Insight Partners are the most recent investors.

Date	Round	Amount	Lead Investors
Dec 11, 2013	Series C	$100M	Insight Partners, OMERS Ventures
Oct 17, 2011	Series B	$15M	Bessemer Venture Partners
Dec 13, 2010	Series A	$7M	Bessemer Venture Partners, FirstMark
Jan 1, 2007	Seed Round	$250K	Klister Credit

Shopify – Acquisitions

Shopify has acquired 11 organizations. Their most recent acquisition was 6 River Systems on Sep 10, 2019. They acquired 6 River Systems for $450M.

Acquiree Name	Date	Amount	About Acquiree
6 River Systems	Sep 10, 2019	$450M	6 River Systems mission is to redefine fulfillment automation for e-commerce and retail operations.
Helpful	May 23, 2019	–	Helpful is a human way to build relationships at work. Create short mobile videos to energize your distributed team.
Handshake	May 23, 2019	–	Handshake is a B2B eCommerce platform that helps manufacturers and distributors grow their business by powering in-person and online trade.
Tictail	Nov 21, 2018	–	Tictail is an online marketplace that enables users to discover independent brands.
Return Magic	Jun 20, 2018	–	Return Magic is allows merchants to build loyalty while making shopping more convenient for consumers.
Oberlo	May 11, 2017	$15M	Oberlo connects Shopify merchants with suppliers who ship products directly to consumers.
Tiny Hearts	Dec 5, 2016	–	Tiny Hearts is an app studio that develops mobile apps and games.
Boltmade	Oct 3, 2016	–	Boltmade is a software development company that focuses on cloud development, user experience research, and mobile design.
Kit	Apr 13, 2016	–	Kit is a virtual employee that helps store owners sell more using digital advertising and marketing.
Jet Cooper	Aug 2013	–	Jet Cooper is a user experience agency based in Toronto, Canada. They provide strategy, design, and development services to leading

Shopify – Competitors

The top 10 competitors in Shopify’s competitive set are Magento, BigCommerce, WooCommerce, Squarespace, Wix, Weebly, Volusion, PrestaShop, 3dcart and Ecwid.

Shopify – Challenges Faced

One of the main concerns for most online store owners is the lack of face-to-face customer interaction. This is one of the best and worst things about e-Commerce. These days, customers do a lot of research to avoid brick and mortar stores and shop online. So, store owners need a mechanism where, without having face-to-face interaction with their prospective customers, they can convince them to buy online.

This is the point when analytics comes into the picture. There are lots of analytics options available to the Shopify stores but still, there are some gaps which need to be filled.

In 2017, the #DeleteShopify hashtag campaign called for a boycott of Shopify for allowing Breitbart News to host a shop on its platform. Shopify’s CEO, Tobias Lütke, responded to the criticism, saying “refusing to do business with the site would constitute a violation of free speech”.

In October 2017, Citron Research founder, short-seller Andrew Left released a detailed report which described the e-commerce platform as a “get-rich-quick” scheme in contravention of Federal Trade Commission regulations. The day the report was released, the stock plunged more than 11%. The main question he posed was “Outside the roughly 50,000 verifiable merchants working with Shopify, who are the other 450,000 the company says it has?” Third-party marketing tactics were expected to be improved. Left was quoted in 2019 by The Street as saying about Shopify “I still think they are best in class”.

Shopify – Future Plans

In the last couple of weeks, the company has been making waves and announcing some major product updates and new features. Shopify is now offering not only an easy-to-use e-commerce platform but also a range of products from emailing and shipping to financial services. The company has also reacted to the COVID-19 pandemic by launching its Shopify Capital program in Canada, that offers cash advances between $200 CAD and $500,000 CAD to small and medium-size merchants. All this in the hopes of capturing an accelerating e-commerce penetration and as the founder, Tobi Lütke, emphasizes, to help struggling companies.

The unfolding economic crisis has hit especially small and medium-size businesses hard. With lockdowns in effect all over the world, many companies were forced to turn to online, hoping to restore revenues and keep their business afloat. E-commerce penetration in the U.S. took a steep increase from 16% at the end of 2019 to 27% at the end of April. This change is likely here to stay – even after the lockdowns are lifted, many shoppers will continue shopping online from the safety and comfort of their homes.

Shopify has come to the rescue of small businesses and offered a different kind of partnership. Even before the pandemic arrived, the company was known for its easy to set up and use e-commerce platform. During the crisis Shopify doubled down on the mission to help struggling businesses and capitalized on the increasing e-commerce penetration.

Companies are drawn to Shopify not just because of the platform’s simplicity and accessibility, but also because it allows them to create a unique touch point and relationship with their customers.

There is no “Powered by Shopify” branding on a merchant’s website. One can choose design of their online-shop and decide how to interact with customers. In a recent interview, the CEO and founder of Shopify, Tobi Lütke explained that his desire is to empower brands to create quality products that people love, and use customer feedback to continuously perfect them. This passion shows in the way Shopify builds its platform. It is centered around their merchants – “focus on your products and let us take care of everything else”.

Shopify – FAQs

What does Shopify Inc do?

Shopify is a commerce platform that allows anyone to set up an online store and sell their products.

Where is Shopify headquartered?

The company is headquartered in Ottawa, Canada.

Who is the CEO of Shopify?

Tobias Lütke is the current CEO of Shopify.

How does Shopify make money?

Shopify merchant solutions primarily make money from payment processing fees from Shopify Payments, transaction fees, Shopify Shipping, Shopify Capital, referral fees from partners, and sales of point-of-sale (“POS”) hardware.

January 1, 2021

Best Accounting Software For SaaS

It’s not easy to check through all of the SaaS accounting software options. There’s a lot of platforms to choose from across every operational aspect of your company. Onboarding each of them requires a ton of setup and spending the time to learn their nuances. Then, of course, there’s the cost of purchasing licenses to consider. And finding the best accounting software for SaaS companies is doubly hard: You have even more options than other types of small business owners do, and figuring out the differences among all these accounting software packages is tricky at best.

However, there are a couple of key things that differentiate the best SaaS accounting software options from the rest of the crowd. They are:

Scalability: Most SaaS companies are growth-minded, meaning you need accounting software that can keep up with your business as it expands.
Automation: SaaS is a fast-paced industry. Nobody wants to spend all their time doing accounting, so you need a solution that is as high-tech as the service you provide. Automation allows you to focus less on your books and more on your business.
Multi-Business Support: SaaS encompasses a wide range of business types. Your software needs to provide a solution that can account for that.

Best Accounting Software for SaaS

Now that we know what to look for, here is our top pick for the best accounting software for SaaS companies:

QuickBooks Online

best accounting software for SaaS business — Quickbooks online

One of the top options for the best accounting software for SaaS companies is QuickBooks Online. You’ll have a hard time finding a platform that’s as scalable as QuickBooks Online: The software offers different levels of support that accommodate your company’s evolving needs as it expands. Plus, the setup is easy and the bookkeeping is intuitive.

Getting more specific, there are several reasons QuickBooks Online is such a good option for SaaS companies. They are:

Requires No Manual Data Entry.
Grows with Your Business.
Makes It Easy to Track Your Financial Health.
Has a Helpful Virtual Community.

Best for small businesses seeking accounting software suitable to their size. QuickBooks pricing starts at $5.00 per month, per user. There is not a free version of QuickBooks but QuickBooks does offer a free trial.

Netsuite

According to NetSuite’s website, it offers a financial management solution that expedites daily financial transactions, accelerates the financial close and ensures compliance. Its cloud-based single platform architecture ensures complete real-time visibility into the financial performance of the business from a consolidated level down to the individual transactions.

It offers the following features:

Core accounting functionality.
Billing management.
Revenue recognition.
Financial planning/reporting.
Global accounting and consolidation.
Governance, risk, and compliance.

NetSuite’s cost depends on several factors including the selected product configuration, add-on modules required, total user count and contract duration. Taking all this into account, NetSuite’s base license pricing begins at $999 per month with general user access listed at $99 per month. Advanced NetSuite feature modules are available which can be a beneficial enhancement to a standard platform license. Add additional users as needed by purchasing individual access via any browser on a universal cloud-based platform.

NetSuite licenses operate on a subscription model and may be renewed annually or over longer durations. There are several pre-bundled vertical editions, which can be useful in quickly identifying the necessary package and modules needed. You decide which one is best and when you are ready to add more capacity.

FreshBooks

accounting software for SaaS — FreshBooks

FreshBooks is designed specifically for small businesses, so if your SaaS company is still in its early stages, this could be a good option. FreshBooks offers three different small business accounting solutions—Lite, Plus, and Premium. Each option is designed for businesses in different stages of growth, with the Lite plan being the least expensive and the Premium plan being the most expensive.

The features you get with FreshBooks depend on the plan you sign up for, but all plans come with the following features, which are essential for SaaS accounting:

Invoicing (including recurring invoices and late payment reminders)
FreshBooks Double-Entry Accounting tools help you make choices based on actual business data and insights.
Automated expense tracking.
Create a summary report and export it to Excel.
Time tracking.
Collaborative tools (file sharing, centralized product conversations).
Invite your accountant to your FreshBooks account with just a few clicks. Your accountant will get exclusive access to the financial information and reporting they need to support your business, whenever they need it.
Payment processing.
Reporting (P&L statements, accounts aging).

FreshBooks is available at a price that is comparable to QuickBooks, and it features very similar accounting functionality. This makes it a great alternative to consider for those looking for SaaS accounting.

Zoho Books

Zoho Books is an online accounting software that allows you to easily manage the money flowing in and out of your business. Manage your customers and invoices, while keeping expenses in check. Record, monitor and reconcile your bank accounts and transactions, and collaborate with your accountant in real-time. Most importantly, Zoho Books helps you make better, more informed decisions and stay on top of your business.

Features at a glance:

Create GST invoices in seconds.
Give your customers online payment options and get paid faster.
Create and send purchase orders.
Keep track of inventory levels at all times.
Organize your inventory with vital information like SKU, cost, and stock on hand.
Set up rules to categorize your banking transactions for easier reconciliation.
Create, edit, and manage your customer and supplier contacts from within Zoho Books.

There are three pricing options for Zoho Books – Standard (₹2,499 per Organisation/Year, 3 Users), Professional (₹9,999 per Organisation/Year, 4 Users), and Premium (₹19,999 per Organisation/Year, 7 Users).

Conclusion

Whether you’re just forming your SaaS company, or have begun to hit your stride and need a seamless way to manage your finances, accounting tool provides a robust way to manage your company’s money from top to bottom. No matter which software you choose for your SaaS accounting needs, before you set out on your search make sure you know precisely what you need your accounting software to do for your business. So, which tool are you using for accounting? Please let us know in the comments section below.

FAQs

What is SaaS accounting software?

SaaS accounting is a model for accounting software whereby the application is hosted by a service provider. Instead of installing and maintaining software locally, SaaS software is securely accessed through a PC or mobile device.

Is QuickBooks a SaaS?

Yes, QuickBooks – This is the tool for all your accounting needs. They also have a free trial so you see if it meets your need! Salesforce – A CRM software that can be used to scale business.

What accounting software do startups use?

One of the top options for the best accounting software for SaaS companies is QuickBooks Online.

December 31, 2020

Hewlett Packard : Growing after the largest split in corporate history

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

Hewlett-Packard Company, American manufacturer of software and computer services. The company split in 2015 into two companies: HP Inc. and Hewlett Packard Enterprise. Headquarters were in Palo Alto, California. Operating in 170 countries with a network of more than 250,000 channel partners, HP uses the power of ideas to put technology to work for everyone, everywhere. HP’s slogan is “HP invents, engineers, and delivers solutions that amaze.”

The firm’s motto is ‘Keep reinventing,’ which refers to both its internal operating strategy, and its ability to reinvent itself by launching new products such as the thinnest laptop in the world, or by revolutionizing manufacturing with its 3D printing technology. According to the firm’s internal figures, HP ships 1 PC & 1 Printer every second, is ranked first or second in every market and product category where it competes, while powering 430 of the global Fortune 500 companies.

Hewlett Packard – Company Highlights

Startup Name	Hewlett-Packard Company
Headquarters	Palo Alto, California, U.S.
Industry	Computer Hardware, Computer Software, IT Services, IT Consulting
Founder	Bill Hewlett, David Packard
Founded	January 1, 1939
CEO	Enrique Lores
Areas served	Worldwide
Website	www.hp.com

Hewlett Packard – About and How it works ?
Hewlett Packard – Logo and its Meaning
Hewlett Packard – Founder and History
Hewlett Packard – Mission
Hewlett Packard – Business Model
Hewlett Packard – Revenue and Growth
Hewlett Packard – Investments
Hewlett Packard – Acquisitions
Hewlett Packard – Competitors
Hewlett Packard – Challenges Faced
Hewlett Packard – Future Plans

Hewlett Packard – About and How it works ?

The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company headquartered in Palo Alto, California, that developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The company split in 2015 into two companies: HP Inc. and Hewlett Packard Enterprise.

The company was founded in a one-car garage in Palo Alto, California by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the “Birthplace of ‘Silicon Valley’”.

Hewlett Packard – Logo and its Meaning

The HP logo possesses a plain and simple look which is a definite representation of the company’s assurance of reliance and strength. In addition to being popular in the IT world, HP logo is well reputed among other fields.

Logo of Hewlett Packard

Shape of the HP Logo: The HP logo comes in a square with curved edges. Right in the centre of the logo is a ring which contains the font. The font is shown upright in the middle, providing elegance and distinction to the HP logo.
Colour of the HP Logo: The HP logo contains only blue and white colours. The shades together give an appearance of simplicity and sophistication to the overall logo. The sapphire background offers a sharp contrast to the white fonts, making the logo look captivating and inspiring, as well as preserving the company’s solemn approach to the business world.
Font of the HP Logo: The font used in the HP logo is simple and presented in italic. It comes into view vertically, in a bold and unique manner, capturing the entire concentration and appreciation of the viewer.

Hewlett Packard – Founder and History

The company was founded on January 1, 1939, by William R. Hewlett and David Packard, two recent electrical-engineering graduates of Stanford University.

It was the first of many technology companies to benefit from the ideas and support of engineering professor Frederick Terman, who pioneered the strong relationship between Stanford and what eventually emerged as Silicon Valley. The company established its reputation as a maker of sophisticated instrumentation. Its first customer was Walt Disney Productions, which purchased eight audio oscillators to use in the making of its full-length animated film Fantasia (1940). During World War II the company developed products for military applications that were important enough to merit Packard a draft exemption, while Hewlett served in the Army Signal Corps. Throughout the war the company worked with the Naval Research Laboratory to build counter-radar technology and advanced artillery shell fuses.

After the war, Packard became responsible for the company’s business, while Hewlett led its research and development efforts. Following a postwar slump in defence contracts, in 1947 Hewlett-Packard returned to the revenue levels of the war years and grew continuously thereafter through a strategy of product diversification. One of its most popular early products was a high-speed frequency counter that it introduced in 1951. It was used in the rapidly growing market of FM radio and television broadcast stations for precisely setting signal frequencies according to Federal Communications Commission regulations. Military sales during the Korean War also boosted company revenues.

Hewlett Packard – Mission

Mission Statement, “We earn customer respect and loyalty by consistently providing the highest quality and value. We achieve sufficient profit to finance growth, create value for our shareholders and achieve our corporate objectives.”

Hewlett Packard – Business Model

HP, Inc. is a technology company that provides hardware, software, and other solutions. The company maintains three reportable business segments:

Personal Systems – This segment includes consumer personal computers (PCs), commercial PCs, thin client PCs, tablets, workstations, retail point-of-sale systems, calculators and related accessories, software, and support/services.
Printing – This segment includes commercial and consumer printer hardware, media, supplies, software and services, and scanning devices.
Corporate Investments – This segment includes HP Labs (facilities that conduct R&D), various enterprise-related business incubation projects, and venture-focused minority investments.

Hewlett Packard – Revenue and Growth

HP revenue for the twelve months ending July 31, 2020 was $56.788B, a 3.28% decline year-over-year.
HP annual revenue for 2019 was $58.756B, a 0.49% increase from 2018.
HP annual revenue for 2018 was $58.472B, a 12.33% increase from 2017.
HP annual revenue for 2017 was $52.056B, a 7.91% increase from 2016.

Hewlett Packard – Investments

Hewlett-Packard has made 28 investments. Their most recent investment was on Jun 29, 2016, when Keen raised $14.7M.

Date	Organization Name	Funding Round	Amount
Jun 29, 2016	Keen	Series B	$14.7M
Mar 1, 2006	Cassatt	Series D	$15M
Sep 30, 2005	China Rapid Finance	Series A	$4M
Oct 27, 2003	End2End Holdings	Venture Round	€10.5M
Aug 8, 2002	End2End Holdings	Venture Round	€20M
Jan 17, 2002	End2End Holdings	Venture Round	€24M
Jan 2, 2002	terraspring	Series D	$28M
Jan 2, 2002	New Media Venture Partners	Venture Round	$17M
Sep 17, 2001	ClearCommerce	Series D	$9.5M
Nov 28, 2000	mindSHIFT Technologies	Venture Round	$21M

Hewlett Packard – Acquisitions

Hewlett-Packard has acquired 104 organizations. Their most recent acquisition was Bromium on Sep 19, 2019.

Company	Date	Amount	About Acquired Company
Bromium	Sep 19, 2019	–	Bromium develops software with micro-virtualization and hardware-based security solutions for enterprise desktops
Apogee Corp	Aug 1, 2018	£380M	Apogee Corp is supplier of digital document solutions, independent managed print services and cutting edge digital equipment
Samsung Printing Solutions	Sep 12, 2016	$1.1B	Samsung Printing Solutions explore and delivers digital revolution to the printing industry with solutions
DAVID Vision Systems	Jul 4, 2016	–	German company DAVID Vision Systems GmbH is a manufacturer of laser 3D scanning
Aruba Networks	Mar 2, 2015	$3B	Aruba Networks provides access management, network infrastructure and mobility application solutions for mobile enterprise networks
Voltage Security	Feb 9, 2015	–	Voltage Security delivers data-centric security software solutions to protect data in the cloud, data centers, and mobile devices
Eucalyptus Systems	Sep 12, 2014	–	Eucalyptus Systems offers open source software that enable organizations to build AWS-compatible private and hybrid clouds
Shunra Software	May 1, 2014	$25M	Shunra is the industry-recognized leader in Application Performance Engineering (APE) and a pioneer in WAN Emulation
Hiflex Software	Dec 6, 2011	–	HIFLEX GmbH provides software solutions for print and media industries
Autonomy Corporation	Aug 18, 2011	–	Autonomy Corporation develops software that process human information and unstructured data

Hewlett Packard – Competitors

The split that led to the formation of Hewlett Packard Enterprise and HP Inc would be predicted as the downfall of this company in capturing majority share in the market. However, it seems like it still holds a significant stake in the industry.

Many brands also offer competition in the market by taking advantage of any lapses that Hewlett Packard might undergo and some includes Lenovo, Apple, Dell, Samsung, ASUS, Acer, IBM, Sony, and Toshiba.

Hewlett Packard – Challenges Faced

Hewlett Packard Enterprise Co. after splitting off its HP Inc. PC and printer division as a separate company in 2015, reported stronger-than-projected third-quarter sales on demand for servers and storage gear. Revenue was up 2.5 percent to $8.2 billion, the first time in five quarters the Palo Alto-based company beat analysts’ sales estimates.
The two big challenges for going forward :

Growth via acquisitions HPE spun out into a standalone company in 2015 and almost immediately went on an acquisition spree, buying six companies in 18 months. The company acquired Cloud Technology Partners earlier this week, marking its fifth acquisition of the year.

Running a slimmed-down operation After the largest split in corporate history and tens of thousands of lay-offs, HPE is finally running a nimble operation. While investors are happy with the company delivering billions to shareholders and erasing debt, many are concerned it will come at the cost of innovation.

Hewlett Packard – Future Plans

HP Announces Strategic and Financial Value Creation Plan that is expected to deliver $3.25 to $3.65 non-GAAP diluted net EPS by 2022. This significant expected earnings growth is supported by HP’s market leadership and track record of execution across Personal Systems, Print, and 3D Printing & Digital Manufacturing, disciplined and sustained cost actions, as well as a new capital return program of approximately $16 billion during fiscal 2020 to fiscal 2022. And it includes :

Expects to deliver non-GAAP diluted net Earnings Per Share of $3.25 to $3.65 in fiscal 2022
Announces $15 billion total share repurchase authorization program
Targets $16 billion capital return planned over three years, representing approximately 50% of HP’s current market capitalization
Plans at least $8 billion share repurchase within 12 months following its annual meeting
Xerox proposal: flawed value exchange, irresponsible capital structure, overstated synergies

November 18, 2020

Bosch : Growing since 2015

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

Robert Bosch, or Bosch, is a German multinational engineering and electronics company headquartered in Gerlingen, near Stuttgart, Germany. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 92% owned by Robert Bosch Stiftung.

Bosch’s core operating areas are spread across four business sectors: mobility (hardware and software), consumer goods (including household appliances and power tools), industrial technology (including drive and control) and energy and building technology.

Bosch – Company Highlights

Startup Name	Robert Bosch GmbH
Headquarters	Gerlingen, Germany
Industry	Conglomerate
Founder	Robert Bosch
Founded	15 November 1886
CEO	Volkmar Denner
Website	www.bosch.com

Bosch – About and How it works?
Bosch – Logo and its meaning
Bosch – Founder and History
Bosch – Mission
Bosch – Business Model
Bosch – Revenue and Growth
Bosch – Acquisitions
Bosch – Funding and Investors
Bosch – Investments
Bosch – Challenges Faced
Bosch – Competitors
Bosch – Future Plans

Bosch – About and How it works?

Robert Bosch GmbH, or Bosch, is a German multinational engineering and technology company headquartered in Gerlingen, near Stuttgart, Germany. Bosch Limited is a holding company. The Company operates in the manufacturing and trading of automotive products. Its segments include Automotive Products and others. The Company has presence across automotive technology, industrial technology, consumer goods and energy and building technology.

Bosch Ltd was incorporated in the year 1951 with the name Motor Industries Company Ltd. Initially, the company entered India with establishment of Calcutta office. In the year 1953, the company initiated their manufacturing at Bangalore Plant. In the year 1954, they stared manufacture of spark plugs, single-cylinder diesel fuel injection pumps & nozzle-holders. In the year 1956, they started manufacture of multi-cylinder diesel fuel injection pumps.

Bosch – Logo and its meaning

Logo of Bosch

In 1926, Robert Bosch wrote, “A trademark must also be simple, which is why the famous, good trademarks, the best of the crop, are plain line drawings. Trademarks must be simple and clear if they are going to make an impression and be easily remembered.” And for a hundred years now, his armature in a circle has fitted the bill perfectly.

Bosch – Founder and History

Robert Bosch is the founder of Bosch.

The history of the company started in a backyard in Stuttgart-West as the Werkstätte für Feinmechanik und Elektrotechnik (Workshop for Precision Mechanics and Electrical Engineering) on 15 November 1886. One year later, Bosch presented the first low voltage magneto for gas engines.

From 1897, Bosch started installing better-designed magneto ignition devices into automobiles and became the only supplier of a truly reliable ignition within the industry. In 1902, the chief engineer at Bosch, Gottlob Honold, unveiled the high-voltage magneto ignition system with spark plug. This product paved the way for Bosch to become a leading automotive supplier.

The first factory was opened by Bosch in Stuttgart in 1901. In 1906, the company produced its 100,000th magneto. In the same year, Bosch introduced the 8-hours day for workers. In 1910, the Feuerbach plant was founded and built close to Stuttgart. In this factory, Bosch started to produce headlights in 1913.

In 1917, Bosch was transformed into a corporation.

Bosch – Mission

“We are Bosch” — is their mission statement.

A spokesperson for Bosch said, “We are motivated by the desire to develop products that are ‘Invented for life,’ that spark enthusiasm, that improve quality of life, and that help conserve natural resources. Our “We are Bosch” mission statement reflects this.”

The company’s main mission is to provide cutting-edge technological solutions and to be at the forefront of new technological advancements.

Bosch – Business Model

Bosch’s core operating areas are spread across four business sectors:

Mobility (hardware and software)
Consumer goods (including household appliances and power tools)
Industrial technology (including drive and control) and
Energy and building technology.

Bosch supplies important parts for many industries which include the part in their final product. One Bosch part is for example the battery component for e-bikes, which then are branded empowered by Bosch” next to the brand of the bike.

Bosch – Revenue and Growth

In 2019, Bosch generated around 77.7 billion euros in revenue. Officially Robert Bosch GmbH, the multinational engineering and electronics company is one of Germany’s top brands and among the largest engineering and electronics companies in Germany.

In 2015, the revenue of Bosch jumped by over 20 billion euros. Around this time, Robert Bosch performed several important takeovers that boosted revenue streams. Included is a three billion euro takeovers of a joint venture with Siemens Hausgeräte. The Bosch and Siemens partnership, known as BSH, still operates under the same name producing home appliances. A partnership also existed between Bosch and competitor ZF Friedrichshafen AG. The joint venture, ZF Lenksysteme, were producers of electronic steering systems for road vehicles. Following the takeover, Bosch acquired all shares of the four billion euro operation and changed the name to Robert Bosch Automotive Steering.

Bosch – Acquisitions

Bosch has acquired 11 organizations. Their most recent acquisition was SPLT (Splitting Fares) on Feb 21, 2018.

Acquiree Name	Announced Date	Amount	About Acquired Company
SPLT (Splitting Fares)	Feb 21, 2018	–	SPLT is a carpooling platform that allows individuals to see their matches prior to accepting the rides and communicate in-app.
ITK Engineering	Oct 13, 2016	–	ITK Engineering is a provider for system and software development across industries.
Seeo	Aug 28, 2015	–	Seeo manufactures and distributes lithium-polymer batteries.
ProSyst Software	Apr 24, 2015	–	ProSyst develops and sells software solutions that are used as the technological basis for consumer networking services
Climatec	Jan 14, 2015	–	A leading provider of advanced building technologies and energy efficiency solutions
Inubit	Jul 18, 2011	–	Inubit is a provider of standard software for Enterprise Application Integration (EAI) and b2b integration
Health Hero Network	Dec 22, 2008	–	Health Hero Networks offers technology-based solutions for remote health monitoring and management.
Bosch Solar Energy	Jun 2, 2008	€546.4M	Bosch Solar Energy is a German solar wafer and solar cell manufacturer
TeleAlarm	Oct 13, 2006	–	TeleAlarm is a medium-sized company that develops and sells home medical alarm and nurse call systems
Telex Communications, Inc	Jun 28, 2006	–	Telex manufacture dependable, top of the line communication equipments

Bosch – Funding and Investors

Bosch has raised a total of $42M in funding over 1 round. This was an Undisclosed round raised on Aug 15, 2018.

Bosch – Investments

Bosch has made 21 investments. Their most recent investment was on Nov 6, 2020, when Routematic raised $2M.

Date	Stage	Amount	Organization Name
Nov 6, 2020	Corporate Round	$2M	Routematic
Sep 3, 2020	Series B	$43M	AnyVision
May 11, 2020	Venture Round	A$11M	The Yield
Jan 7, 2020	Series C	$134.9M	Hesai Technology
Nov 15, 2019	Post-IPO Secondary	–	PowerCell Sweden
Sep 3, 2019	Series D	$250M	Nikola Motor Company
Apr 9, 2019	Series D	$23M	PubNub
Feb 20, 2019	Series B	CA$52.9M	MOJIO
Jul 19, 2018	Series A	$28M	AnyVision
Jun 19, 2018	Seed Round	–	Shop Ware

Bosch – Challenges Faced

The Indian arm of the German engineering giant had announced a series of production cuts, which impacted performance. The quarter’s Ebitda (earnings before interest, tax, depreciation and amortization) of ₹483 crore was 10% below the average estimate on the Street. It was also 23% lower year-on-year.

Clearly, negative operating leverage dented profitability in all its segments. Revenue declined across the board in domestic auto sales, export sales and non-auto sales. This dragged net revenues down 15% year-on-year to ₹2,778.8 crore, which was slightly below analysts’ forecasts.

To an extent, lower commodity prices alleviated the impact of lower capacity utilization. Raw material costs as a percentage of sales were stable. However, employee costs rose by 200 basis points year-on-year. Other expenses were slightly higher, too. Hence, Ebitda margin contracted by 220 basis points to 17.4%, which too was below forecasts.

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Bosch – Competitors

The top 10 competitors in Bosch’s competitive set are Siemens, DENSO, Valeo, Delphi Technologies, Honeywell, Johnson Controls, Continental, Rockwell Automation, Eaton, Borgwarner. Together they have raised over 119.2B between their estimated 3.4M employees.

Bosch – Future Plans

Bosch Group says that the company wants to keep people active in mobility while improving air quality. Also, in order to make low emissions traffic a reality, the company is investing heavily in making electro mobility a market success along with enhancing the combustion engine.

Bosch Group has announced an investment of Rs 1,700 crore in the next three years in India. The company will use this investment in offering more opportunities for its businesses along with a broader product range. According to the company officials, a majority of this amount will be used for the expansion of Bosch’s smart campus in Adugodi along with the modernization of manufacturing facilities in India. Bosch had invested over Rs 370 crore in the last three years to create its smart campus at Adugodi that is a home to 3,650 of its 18,000 engineers in India. In order to be specific, the company has planned an additional investment of Rs 600 crore for the expansion of its smart campus.

November 16, 2020

Tag: software

Siemens – Company Highlights

Siemens – About and How it works?

Siemens – Founder and History

Siemens – Logo and its Meaning

Siemens – Mission

Siemens – Business Model

Siemens – Growth and Revenue

Siemens – Funding And Investors

Siemens – Investments

Siemens – Acquisitions

Siemens – Competitors

Siemens – Challenges Faced

Siemens – Future Plans

Frequently Asked Questions – FAQs

Salesforce – Company Highlights

Salesforce – About and How it Works?

Salesforce – Recent News

Salesforce – Logo and its Meaning

Salesforce – Founder and History

Salesforce – Mission

Salesforce – Business Model

Salesforce – Revenue and Growth

Salesforce – Funding and Investors

Salesforce – Investments

Salesforce – Acquisitions

Salesforce – Competitors

Salesforce – Challenges Faced

Salesforce – Future Plans

Salesforce – FAQs

What does Salesforce do?

Who founded Salesforce ?

What companies do Salesforce compete with ?

How does Salesforce make money?

WhatsApp Messenger

Advantages

Disadvantages

Telegram Messenger

Advantages

Disadvantages

FAQ’s

Who owns Telegram?

Why do people use Telegram?

Why use telegram over WhatsApp?

Is it safe to use WhatsApp?

What’s the point of using WhatsApp?

Who uses WhatsApp the most?

Can strangers contact you on WhatsApp?

How do WhatsApp earn?

How much money does Telegram make?

How does Telegram make a profit?

Conclusion

What is Gurucan?

Gurucan – Features

Branded IOS/ Android App

Create engaging online courses

Automate Marketing

Grow your membership business

Multiple Integrations

Gurucan – Pricing

Single – $79/ lifetime

Double – $158/ lifetime

Multiple – $237/ lifetime

Gurucan – FAQ’s

Can I brand Gurucan app and web?

Can I create the different levels of access?

Does Gurucan allow to create chapters?

Can I create quizzes?

How can I communicate with my users?

Conclusion

GameStop – Company Highlights

GameStop – About

GameStop – Startup Story

GameStop – Founders and Team

GameStop – Tagline, Slogan and Logo

GameStop – Business Model

GameStop – Revenue Model

GameStop – Funding

GameStop – Competitors

GameStop – FAQs