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Exclusive: HR Software Maker Workday Quietly Files for IPO – Sources

Posted on: July 17, 2012 by Reuters NewsNo Comments »

(Reuters) – Workday Inc. has filed confidentially for an initial public offering, several sources told Reuters, putting the Silicon Valley business software company on track for the largest market debut since Facebook Inc.’s problem-ridden May coming-out party chilled demand for U.S. IPOs.

Castlight Appoints Driscoll as President

Posted on: May 16, 2012 by asormaniNo Comments »

Castlight Health, a provider of health care transparency solutions for employers and payers, has appointed John Driscoll as president. Castlight Health is headquartered in San Francisco and backed by investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome [...]

VC-Backed Workday Taps Goldman and Morgan for One of Year’s Biggest Tech IPOs

Posted on: April 19, 2012 by Reuters NewsNo Comments »

Workday has raised $250 million from Greylock Partners, New Enterprise Associates, T Rowe Price, Morgan Stanley Investment Management, Janus Capital Group Inc. and Bezos Expeditions, Jeff Bezos’ private investment fund.

One of the Most Powerful People in Silicon Valley? He Lives in Baltimore

Posted on: March 27, 2012 by Connie Loizos5 Comments »

One of the most powerful men in Silicon Valley isn’t someone who appears frequently in the tech press. He isn’t a venture capitalist or an entrepreneur. He doesn’t tweet or live in California. (And no, he isn’t Russian.) He’s 39-year-old Henry Ellenbogen, manager of the oldest small cap mutual fund in the country, T. Rowe [...]

oDesk Raises $15 Million in Round Led by T. Rowe Price

Posted on: March 22, 2012 by Connie LoizosNo Comments »

Odesk, a Redwood City, Calif., platform for finding and hiring remote freelance workers, has received $15 million in Series D funding led by T. Rowe Price Associates. Other investors in the round include Benchmark Capital, Globespan Capital Partners and Sigma Partners. The nine-year-old company has now raised a total of $44 million in funding. PRESS RELEASE: [...]

Apptio Closes $50 Million Series D Round, Led By T. Rowe Price

Posted on: March 15, 2012 by Connie LoizosNo Comments »

Apptio, a five-year-old, Seattle-based company that sells enterprise software as a service to manage IT and operations at large companies, has closed a $50 million Series D round led by T. Rowe Associates. Existing investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group and Shasta Ventures also participated in the financing, which brings Aptio’s funding to date [...]

Angie’s List Soars on Market Debut; VCs’ Shares Currently Worth Over $300M

Posted on: November 17, 2011 by Reuters NewsNo Comments »

(Reuters) – Angie’s List debuted on Nasdaq at $18.01, or 39% above its offering price, on Thursday after pricing its IPO at the high end of its expected price range. The stock rose as much as 44 percent to $18.75. It was later trading up 30% at $16.85. The Indianapolis-based company, which provides consumer reviews [...]

Angie’s List Prices IPO at $13 a Share, Battery Ventures’ Stake Worth $111M

Posted on: November 16, 2011 by Reuters News2 Comments »

(Reuters) – Angie’s List Inc., which provides consumer reviews of local professionals and businesses, priced its initial public offering at $13 a share, the higher end of the expected price range, according to an underwriter. The offering consisted of about 6.3 million shares being sold by the company, with the rest by certain stockholders, including [...]

Here’s How VCs Did on Groupon Investment of ‘Like a Billion Dollars’

Posted on: November 4, 2011 by Lawrence J. Aragon3 Comments »

About 11 months after they made headlines for investing “like a billion dollars” in Groupon, 14 venture firms, mutual funds and other investors are looking pretty clever. As a group, the investors own 120.2 million Class A shares, which are valued at $3.14 billion at today’s closing price of $26.11 per share. That’s a return [...]

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Workday Closes $85M Round

Posted on: October 24, 2011 by cnolanNo Comments »

Workday Inc., a maker of software-as-a-service products for enterprise human resources, payroll and financial management, has raised $85 million in Series F financing. T. Rowe Price, Morgan Stanley Investment Management, Janus Capital Group Inc. and Bezos Expeditions contributed to the round. Workday was formed in 2005, and focuses on a cloud-based alternative for HR software. Allen & Co. acted as financial adviser to Workday for the financing.