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SumTotal Systems
SumTotal Systems, Inc. is a software company based in Gainesville, Florida that provides human resource management software and services to private and public sector organizations. The company uses multiple cloud-based channels, including software as a service (SaaS), hosted subscription, and premises-based licensure. In September 2014, it was acquired by SkillSoft, a provider of online learning to corporate training organizations. In June 2022, SkillSoft announced its intention to sell the company for approximately $200 million. On August 25, 2022, Cornerstone OnDemand, Inc. announced that it had completed the acquisition of SumTotal. History 1984-1997: Asymetrix Asymetrix Learning Systems, based in Bellevue, Washington, was founded in 1984 by Paul Allen and funded through his Vulcan Ventures. Asymetrix then spent around ten years developing software for online education. Among the first products from this development period was ToolBook. Other titles included ''Asymetrix ...
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SoftBank
is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the Vision Fund, the world's largest technology-focused venture capital fund, with over $100 billion in capital. Fund investors include sovereign wealth funds from countries in the Middle East. The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son. It operates in broadband, fixed-line telecommunications, e-commerce, information technology, finance, media and marketing, and other areas. SoftBank Corporation, its spun-out affiliate and former flagship business, is the third-largest wireless carrier in Japan, with 45.621 million subscribers as of March 2021. SoftBank was ranked in the 2017 Forbes Global 2000 list as the 36th largest public company in the world and the second-largest publi ...
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Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ...
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Mountain View, California
Mountain View is a city in Santa Clara County, California, United States. Named for its views of the Santa Cruz Mountains, it has a population of 82,376. Mountain View was integral to the early history and growth of Silicon Valley, and is the location of many high technology companies. In 1956, William Shockley established Shockley Semiconductor Laboratory in Mountain View, the first company to develop silicon semiconductor devices in Silicon Valley. Today, Mountain View houses the headquarters of many of the world's largest technology companies, including Google and Alphabet Inc., Unicode Consortium, Intuit, NASA Ames research center, and major headquarter offices for Microsoft, NortonLifeLock, Symantec, 23andMe, LinkedIn, Samsung, and Synopsys. History The Mexican land grant of Rancho Pastoria de las Borregas was given in 1842 by Alta California Governor Juan Bautista Alvarado, Juan Alvarado to Francisco Estrada. This grant was later passed on to Mariano Castro, who sold ...
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Visio Corporation
Visio Corporation was a software company based in Seattle, Washington, USA. Its principal product was a diagramming application software of the same name. It was acquired by Microsoft and is now in a division of that company, which continues to develop the application under the name Microsoft Visio. History Axon Corporation was incorporated May 1, 1989, shortly after Jeremy Jaech left Aldus. Later, in summer 1990, Jeremy Jaech and Ted Johnson met to come up with the initial product definition and then in the fall of 1990 recruited Dave Walter as their third founder. All of its founders came from Aldus Corporation: Jeremy Jaech and Dave Walter were two of Aldus's original founders, and Ted Johnson was the lead developer of Aldus PageMaker for Windows. In 1992, before it had released a single product, the company changed its name to Shapeware. It finally released its first application, Visio, in November of that year. When Shapeware released Visio 4.0 on August 18, 1995, it was on ...
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Dot-com Bubble
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 19 ...
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Puget Sound Business Journal
The ''Puget Sound Business Journal'' (PSBJ) is a weekly American City Business Journals publication containing articles about business people, issues, and events in the greater Seattle, Washington area. The publication also publishes a technology news website named TechFlash. In 2010, the newspaper was a finalist for a Pulitzer Prize in Explanatory Reporting for a series of stories about the foreclosure crises and the federal shutdown of Seattle-based Washington Mutual, which remains the biggest bank failure in U.S. history. The stories were reported by staff writers Kirsten Grind and Jeanne Lang Jones, and edited by Managing Editor Alwyn Scott. Congressman Dave Reichert later honored the PSBJ alongside Pulitzer winners ''The Seattle Times ''The Seattle Times'' is a daily newspaper serving Seattle, Washington, United States. It was founded in 1891 and has been owned by the Blethen family since 1896. ''The Seattle Times'' has the largest circulation of any newspaper in Washingto ...
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James Billmaier
James Billmaier (born May 10, 1955) is an American technology businessman, inventor, and author. He is currently the co-founder and CEO of TurboPatent Corporation and author of his most recent book, ''Beyond Innovation''...''INVENTIONEERING: The smartest CEOs will fuse engineering and invention to dominate the next decade.'' Early life and education James A. Billmaier graduated from Santa Clara University in 1977. Career Billmaier was responsible for Unix workstation products and strategies at Digital Equipment Corporation. He then became vice president of software marketing and business development at MIPS Technologies. From February 1992 through 1995, he was vice president and general manager of the networking software division at Sun Microsystems in Mountain View, California. In July 1995, he became chief executive officer at Asymetrix, which was founded by Paul Allen. Based in Bellevue, Washington, Billmaier lead the company to an IPO in June 1998. The company changed its n ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Ticker Symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) representing specific assets or securities listed on a stock exchange or traded publicly. A stock symbol may consist of letters, numbers, or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine. Interpreting the symbol Stock symbols are unique identifiers assigned to each security traded on a particular market. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape, and to make it easy to recognize by traders and investors. The allocation of symbols and formatting conventions ...
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Nasdaq
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ...
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