Activecampaign cross 145K customers, Squarespace files for IPO

[WEEKLY ROUNDUP] SaaS News Roundup - Week 15. Active campaign surpasses 145K customers, Zoho, Squarespace, Microsoft making headlines this week. Read more.
Activecampaign cross 145K customers, Squarespace files for IPO

ActiveCampaign Crosses 145,000 Customers As Q1 Ends

Chicago based SaaS ActiveCampaign reached 145,000 customers globally as the first quarter of the year closes. The impressive milestone was reached in less than a year after 2020 where they hit the 100,000 customers mark.

ActiveCampaign is one of the leading cloud SaaS programs for Customer Experience Automation for small-to-mid-sized businesses. The company is also on a steady pace to cross another milestone of crossing 1,000 employees before the end of the year.

Zoho Launches Qntrl, a Low code workflow Automation Product.

Zoho launches their workflow automation tool called Qntrl (pronounced control). Qntrl is a low code product and is aiming the mid market towards people with less technical experience.

While Zoho’s Rodrigo Vaca says that the complex backend systems like ERP or CRM could require some technical help while connecting Qntrl workflows, it still gives you the flexibility to drag and drop components, and then select each component and configure what happens around each step.

Squarespace Files to Go Public

Squarespace, The web hosting and builder has filed to go public. They publicly filed an S-1 document confidentially with the Securities and Exchange Commission(SEC) on 16th April, 2021

The New York based company reported $621 million in revenue in 2020 and says About 94 percent of its revenue came from subscriptions. Squarespace is backed by investors including General Atlantic, Index Ventures and Accel. 

Microsoft Corp announces acquisition of Nuance to accelerate cloud strategy for healthcare

Microsoft and Nuance Communications announced entering a definitive agreement under which Microsoft will acquire Nuance. The transaction valued is at $19.7 billion which is inclusive of Nuance’s net debt.

Nuance is conversational AI and cloud-based ambient clinical intelligence. The partnership is put in place to fuel Microsoft Cloud for healthcare which was introduced in 2020. 

Substack Local: Substack's $1M Initiative to Assist Local Journalists

Substack Local is the latest initiative by Substack which is an online  platform that supports subscription newsletters.

Substack spent $1M on Substack Local which is similar to their previous Substack Pro Program. According to website, Substack Local is designed to help writers start sustainable local news enterprises and will provide cash advances up to $100,000, with mentorship and “subsidized access” to health insurance and design services.

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