News

CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022
CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.
CDPI Newsletter

Marketing and IT Leaders Disagree on Web Site Management: Pantheon Survey

August 5, 2022
One of the more reliable quirks of survey research is whoever answers the questions always thinks they’re in charge.  Sure enough, this Pantheon survey found 84% of marketers and 87% of IT leaders said they’re the decision-makers for the company web site.  The two groups had different priorities but did agree on finger pointing: both said poor collaboration and lack of agility hinder digital marketing efforts.
CDPI Newsletter

KPMG-HSBC report spots 10 potential unicorns in Malaysia

August 4, 2022
A recent report published by audit and advisory firm KPMG and banking group HSBC has featured 10 potential unicorns in Malaysia that are poised to make a lasting impact on the global business landscape over the next decade. The Emerging Giants in Asia Pacific report has taken an in-depth look at 6,472 technology-focused start-ups in 12 Asia Pacific markets with valuations up to $500 million. These potential unicorns, dubbed “Emerging Giants”, include Boost Holdings, Exabytes, and Jirnexu.
CDPI Emerging Markets

Mudafy raises $10M in Founders Fund-led Series A to fix LatAm’s ‘broken’ real estate process

August 4, 2022
The startup touts that its site features over 50,000 listings and has more than 1 million monthly unique active users in Argentina and Mexico. It claims that it is doing more than 100 real estate transactions per month and is currently originating over 50% of the mortgage loans for its customers. Mudafy’s priority is to expand to more cities in Mexico, a market it entered in 2020. Longer term, it is exploring the possibility of moving into other Latin American markets such as Colombia, Perú and Chile.
CDPI Emerging Markets

Riivi, the streaming platform based solely on Latin American content, adds 200,000 users

August 4, 2022
This streaming was born in January 2021 under the AVOD (advertising-based video on demand) model, meaning free and ad-funded platforms that are gaining ground worldwide. Riivi started in Chile and reached Peru and Colombia this year, adding 200,000 monthly users. Riivi has raised US$1.25 million in its pre-seed and seed rounds. Among its investors is the firm Sable. It also recently went through Start-Up Chile, a government accelerator that both funds and advises emerging companies.
CDPI Emerging Markets