Dell Technologies selects Druva's SaaS Data Protection

SaaS news this week((April 5-April 11, 2021): Alkami, Ekata, Quip are in the news this week. Read more.
Dell Technologies selects Druva's SaaS Data Protection

Alkami, a bank software vendor, is aiming a $2 billion IPO

Alkami Technology intends to raise up to $2.08 billion in an initial public offering (IPO) in the United States, according to a prospectus. The company said that it hoped to raise up to $150 million by selling 6 million shares at $22 to $25 per share.
Alkami, which is backed by investors such as General Atlantic and D1 Capital, provides cloud-based services that banks and credit unions can use to create digital offerings for their retail and business customers.

Utah-based Vasion launches SaaS digital transformation platform

Vasion, headquartered in Utah, is expected to release Vasion ST, a full Software-as-a-Service (SaaS) digital transformation platform.

Vasion ST is an all-in-one digital transformation tool that combines capture, workflows, e-signatures, and storage. It combines the technologies needed by companies to digitize content and simplify business processes.

Donation platform Txt2Give acquired by LTV SaaS Fund, LLC

LTV SaaS Growth VII, LLC has announced the acquisition of Txt2Give, the first-of-its-kind mobile donation website, by FE International, Inc. (LTV Fund). Txt2Give, which was founded in 2012, is a service that allows organizations to accept donations by text message.

"We will now look to use our organizational experience and best practices to draw on Chad's excellent work and propel Txt2Give to the next step," said Nikita Pashkin, VP of Investment at LTV Fund.

Ekata Launches Merchant Onboarding Solution to Enable Faster, Smarter Assessments of Merchant Risk

The global leader in digital identity data unveiled its Merchant Onboarding solution to assist payment service providers (PSPs), B2B lenders, and marketplaces in onboarding the growing number of micro-merchants and sole proprietors around the world more quickly and confidently.

Ekata's comprehensive solution is intended to address all sides of the flow by automating the onboarding process through APIs and allowing more reliable manual feedback through a SaaS solution.

Dell Technologies has chosen Druva's SaaS Data Protection Platform

Druva also announced a partnership with Dell Technologies to assist consumers in embracing the cloud revolution while lowering total data security costs and complexities. Dell EMC PowerProtect Backup Service extends support for current workloads and supplements existing Dell EMC PowerProtect solutions.

The new Dell EMC PowerProtect Backup Service, powered by Druva, enables companies to scale data security on-demand, achieve visibility across workloads, and meet ever-increasing data enforcement requirements by using a globally open SaaS-based data protection architecture.

Quiq acquires Snaps to build a unified consumer communications network

The entire Snaps team is joining Quiq, with Brucculeri becoming the combined organization's senior vice president of distribution and consumer success.

Bruccleri's argument was reiterated by Quiq CEO Mike Myer, who compared the case to tossing two pieces of a jigsaw puzzle on the floor and finding "the two pieces match together."

Snaps has raised a total of $13 million in financing from backers such as Signal Peak Ventures. The acquisition's financial terms were not disclosed.

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