DOCSLIB.ORG

Infrastructure and Security Software Ipos1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Infrastructure and Security Software Ipos1 Infrastructure Software Taxonomy SOFTWARE DEVELOPMENT / DEVOPS IT OPERATIONS MANAGEMENT SECURITY Solutions that enable the Solutions that help to manage Solutions that protect software software development lifecycle, the provisioning, capacity, and systems against malicious including planning, creating, performance, and availability of attacks, unauthorized access and testing, and deploying software an organization’s IT resource use, and other external applications and systems infrastructure and internal risks Infrastructure / Application IT GRC and Service and Identity and Continuous Integration / Version Test App / Database Operations Network / App / Advanced Threat SIEM / Security Lifecycle Asset Support Access Continuous Delivery Management Management Performance Analytics Data Security Protection Analysis Management Management Management Management Monitoring Select Market Participants Select Market Participants Select Market Participants DATA MANAGEMENT CLOUD MANAGED SERVICES COLLABORATION / COMMUNICATION Solutions that manage cloud Solutions that enable groups and Solutions that integrate, cleanse, security, computing, storage, teams to communicate, share, migrate, and manage data across network operations, and coordinate, cooperate, and solve platforms to produce accurate application stacks to automate problems for the purpose of and consistent information and enhance business operations completing a task Project Business Data Quality and Database Data PaaS / aPaaS / Managed Hosting Managed Backup and Communications Agile Project Data Integration Portfolio Process Governance Management Analytics iPaaS and Applications Security Disaster Recovery PaaS Management Management Management Select Market Participants Select Market Participants Select Market Participants 1 Case Study: SentryOne The Harris Williams Technology Group advised SentryOne on its acquisition by SolarWinds. TRANSACTION OVERVIEW SentryOne provides mission-critical Database Performance Management (“DPM”) and DataOps software. The Company’s solutions enable customers to monitor, document, test, build, and Closed October 29, 2020 migrate their mission-critical workloads in on-premises, hybrid, and multi-cloud environments. The Company has built a strong, well-respected product portfolio guided by a customer-centric model well aligned to SolarWinds’ mission and commitment to the IT professional community. The SentryOne offering complements the on-premises and cloud-native DBM offerings SolarWinds has today to serve the full needs of the mid-market and better serve larger organizations. a portfolio company of SolarWinds is a leading provider of powerful and affordable IT management software. Its products give organizations worldwide the power to monitor and manage their IT services, infrastructures, and applications, whether on-premises, in the cloud, or via hybrid models. The Company continuously engages with technology professionals to understand the challenges they face in maintaining high-performing and highly available IT infrastructures and applications. has been acquired by RELEVANT SUB-SECTORS INFRASTRUCTURE DEVOPS SAAS SOFTWARE DATA MANAGEMENT MICROSOFT AZURE / AWS 2 Select Infrastructure Software M&A Transactions1,2 Vista Equity Partners’ acquisition of Pluralsight – Announced on December 13, 2020 • Pluralsight is a provider of technology workforce development solutions • Pluralsight, with over 1,700 employees, serves more than 17,000 customers, including 70% of Fortune 500 companies Enterprise Value: $3,943M EV / Revenue: 10.5x Revenue: $376M EV / EBITDA: NA • Through the acquisition, Pluralsight is expected to unlock significant resources and institutional knowledge from its partnership with Vista, thus accelerating growth and further strengthening its position as a market leader Cisco’s acquisition of IMImobile – Announced on December 7, 2020 • IMImobile is a cloud communications software and solutions provider • IMImobile has over 1,100 employees in offices spanning four continents Enterprise Value: $730M EV / Revenue: 3.3x Revenue: $224M EV / EBITDA: 25.6x • The acquisition bolsters Cisco’s customer interaction management capabilities and will enrich the overall customer experience by adding automated and artificial intelligence-driven interactions with its customers Salesforce’s acquisition of Slack – Announced on December 1, 2020 • Slack is an enterprise communications platform • Slack will become the new interface for Salesforce Customer 360, extending its reach inside the Salesforce enterprise Enterprise Value: $27,700M EV / Revenue: 33.3x Revenue: $834M EV / EBITDA: NA • The acquisition will provide Salesforce additional opportunities to facilitate communications between businesses and their customers and further strengthen its position as leading partner to businesses in the digital transformation Palo Alto Networks’ acquisition of Expanse – Closed December 15, 2020 • Expanse provides an IT operations management platform intended to manage and secure global internet assets • Expanse serves Fortune 500 customers across the financial, healthcare, and technology industries, as well as the U.S. military Enterprise Value: $800M EV / Revenue: NA Revenue: NA EV / EBITDA: NA • The acquisition will expand Palo Alto Networks’ abilities across exposed and untracked external assets that could compromise an organization’s attack surface Twilio’s acquisition of Segment – Closed November 2, 2020 • Segment is a customer data platform intended to collect and manage analytics data • Segment serves more than 20,000 customers, including FOX, Instacart, Intuit, and Levi’s Enterprise Value: $3,200M EV / Revenue: NA Revenue: NA EV / EBITDA: NA • The acquisition provides deeper customer engagement capabilities for Twilio, increasing its ability to offer greater customer insights and data management Fastly’s acquisition of Signal Sciences – Closed October 1, 2020 • Signal Sciences provides a SaaS platform designed to make web applications more secure • Signal Sciences protects more than 40,000 applications and over a trillion production requests per month Enterprise Value: $775M EV / Revenue: NA Revenue: NA EV / EBITDA: NA • The acquisition extends Fastly’s platform capabilities and strengthens its existing overall security offerings 3 Public Market Performance1 EV / NTM REVENUE MULTIPLES As of December 31, 2020 Median EV / NTM Revenue 10 Year 5 Year 3 Year Dec-20 Infrastructure Software 3.9x 5.1x 5.6x 7.6x 10.0x Security Software 4.7x 5.3x 5.7x 8.2x 8.0x 6.0x 4.0x 2.0x - 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 NASDAQ Composite Index Infrastructure Software Security Software EV / NTM CASH EBITDA MULTIPLES As of December31, 2020 Median EV / NTM Cash EBITDA 10 Year 5 Year 3 Year Dec-20 Infrastructure Software 11.6x 14.8x 16.0x 27.3x 35.0x Security Software 11.6x 13.5x 14.6x 20.0x 30.0x 25.0x 20.0x 15.0x 10.0x 5.0x - 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 HISTORICAL PERFORMANCE THROUGH CYCLES NASDAQ Composite Index Infrastructure Software Security Software 1.5x 1.7x 10.3x Median EV / NTM Median EV / NTM 2.2x Revenue 8.2x Cash EBITDA 27.3x 7.6x 6.6x 6.1x 6.0x 20.0x 16.9x 17.8x 4.0x 11.9x 11.9x 3.0x 3.3x 9.9x 2.5x 8.1x 2.0x 7.2x 6.3x Recession Recovery Post Year-End Dec 2020, Recession Recovery Post Year-End Dec 2020, Recession Recovery Post Year-End Dec 2020, Recession Recovery Post Year-End Dec 2020, Feb. 2009 2010 Recession 2019, Pre- COVID Impact Feb. 2009 2010 Recession 2019, Pre- COVID Impact Feb. 2009 2010 Recession 2019, Pre- COVID Impact Feb. 2009 2010 Recession 2019, Pre- COVID Impact Feb. 2014 COVID Feb. 2014 COVID Feb. 2014 COVID Feb. 2014 COVID Infrastructure Software Security Software Infrastructure Software Security Software Note: see pages 7-11 for companies comprising Infrastructure Software and Security Software buckets. 4 Key Performance Metrics for Recent Infrastructure and Security Software IPOs1 316.6% 300.0% 163.9% 200.0% 151.5% 136.1% 101.2% 67.9% 74.0% 75.1% 79.8% 100.0% 59.8% 12.7% 48.0% 3.5% 30.6% 14.4% 24.6% % Revenue Growth % Revenue 0.0% (100.0%) 550.0% 523.0% 500.0% 450.0% 406.6% 400.0% 350.0% 340.2% 300.0% 264.6% 250.0% 230.4% N/A 200.0% 170.4% 150.0% 134.5% 90.9% 100.0% 73.8% 42.8% Stock Performance (Offer to Current) to (Offer Performance Stock 29.9% 50.0% 15.1% 0.0% 0.0% (9.2%) (50.0%) (16.6%) Circle Size Denotes Revenue ($) IPO DATE 4/10/19 6/11/19 7/31/19 9/13/19 9/18/19 9/19/19 9/16/20 7/21/20 9/16/20 9/15/20 8/4/20 9/30/20 9/30/20 10/20/20 10/21/20 12/8/20 OFFER PRICE PER SHARE $24.00 $34.00 $16.00 $15.00 $27.00 $15.00 $44.00 $26.00 $22.00 $120.00 $21.00 $5.35 $9.50 $27.00 $20.00 $42.00 MARKET CAP AT OFFER ($M) $1,799.3 $703.8 $4,486.6 $1,299.2 $745.2 $1,192.7 $3,901.7 $3,095.6 $2,220.0 $4,849.0 $4,180.2 $16,400.0 $3,990.0 $4,342.9 $3,308.8 $3,976.3 OFFERING SIZE ($M) $217.7 $612.0 $569.8 $525.0 $648.0 $187.5 $509.0 $468.0 $325.6 $3,360.0 $703.5 $0.0 $0.0 $594.0 $740.0 $651.0 OFFER TO CURRENT 73.8% 523.0% 170.4% 406.6% 264.6% 90.9% 42.8% 15.1% 29.9% 134.5% (9.2%) 340.2% 211.1% 0.0% (16.6%) 230.4% 5 Summary of 2020 Infrastructure and Security Software IPOs1 There was a significant influx of software IPOs in the second half of 2020, despite the COVID-19 pandemic, as investors buoyed public markets with a focus on technology. PRIVATE COMPANY SECTOR VAL. YEAR INVESTORS (CURRENT ROUND) DESCRIPTION JFrog is a provider of an end-to-end, hybrid, universal DevOps platform that bridges Application Lifecycle Battery Ventures; Insight Partners; Meritech Capital Partners; Sapphire Ventures; the gap between software development and deployment. The Company serves $427M 2019 Management VMware; Technologies Capital organizations in the technology, financial services, retail, healthcare, and telecommunication industries.
Load more

Recommended publications
  • TERMS of USE Last Modified: June 23, 2016 (V
    TERMS OF USE Last modified: June 23, 2016 (v. 2.0.4) Welcome to Pluralsight! Our mission is to democratize professional technology learning by building an ecosystem for people to learn, teach, and connect. When you visit, view, use, or access our websites Pluralsight.com, CodeSchool.com (“Code School”), or DigitalTutors.com (“Digital Tutors”, a.k.a “Pluralsight | Creative”) and any applicable subdomains thereof, or any applications, mobile applications, functionalities, content, materials, Interactive Services, or other services provided by Pluralsight (collectively, the “Site”), whether as a guest or a registered user, you’re agreeing to our terms, so please take a few minutes to read over the Terms of Use below. 1. INTRODUCTION These Terms of Use, as may be amended from time to time, together with any documents, policies, or terms they expressly incorporate by reference (collectively, these “Terms of Use”) are entered into by and between you and Pluralsight, LLC, a Nevada limited liability company (“Pluralsight”, “we”, or “us”). For purposes hereof, “you” includes, individually and collectively, you and any individual, entity, Subscriber, Customer, or Affiliate of yours that is visiting, viewing, using, or accessing the Site. To the extent that you have entered into a written and fully executed enterprise license agreement, master services agreement, or other written agreement with Pluralsight containing terms that directly conflict with any terms of these Terms of Use, then the conflicted terms set forth in such other agreement will control. You acknowledge and agree that by (i) visiting, viewing, using, or accessing the Site, (ii) clicking “Agree”, “Purchase”, “Submit”, or similar links, or (iii) signing a Sales Order or other agreement incorporating these Terms of Use, that you have read, understand, and agree to be bound by these Terms of Use, irrespective of whether you are a guest or a registered user of the Site.
    [Show full text]
  • Corporate Fact Sheet 50% B2bgrowth
    Corporate Fact Sheet Pluralsight’s mission is to democratize technology skills. We are driven by the belief that everyone should have the opportunity to develop the technology skills of tomorrow and create progress through technology. With assessments, learning paths, and courses authored by world-renowned industry experts, our technology learning platform helps businesses and individuals close the technology skills gaps in critical areas, innovate faster, and meet their core objectives. Pluralsight enables technology skills at scale. PLURALSIGHT LEADERSHIP Farmington, UT Aaron Skonnard, CEO and Co-Founder www.pluralsight.com James Budge, Chief Financial Officer STOCK SYMBOL Matthew Forkner, General Counsel NASDAQ: PS Joseph DiBartolomeo, Chief Revenue Officer Heather Zynczak, Chief Marketing Officer AT A GLANCE Nate Walkingshaw, Chief Experience Officer Founded: 2004 Anita Grantham, Chief People Officer Farmington, UT Headquarters: Brandon Peay, Senior Vice President, Business Strategy & Operations Offices: Boston, MA; Dublin, Ireland Employee Count: 1,100+ AWARD HIGHLIGHTS Industry: SaaS • Fortune and Great Place to Work Best Workplaces (2018) • Forbes Cloud 100 (Top 20, 2017) Partners: Adobe, Microsoft, Oracle, Google, Unity, Stack Overflow • Entrepreneur 360 Best Company (2017) Customers: Trusted by more than 65% of Fortune 500 • Inc. 500 | 5000 (2016, 2015, 2014, 2013) companies; more than 16,000 business accounts • Forbes America’s Most Promising Companies (2015) Reach: Serving customers in more than 150 countries Revenue and Billing: $61.6 million in Q3/18 and billings of $72.2 million in Q3/18, the sixth consecutive quarter of greater than 50% B2B growth. CONTINUED ON PAGE 2 » 86924 -18 Q3 ‘18 -18 86924 PLATFORM On-demand Learning paths Our platform allows technology professionals the freedom to Based on either an assessment or an individual’s goals, our learn at their own pace anytime, anywhere, on any device.
    [Show full text]
  • Pluralsight Named One of the 2019 Best Workplaces for Women by Great Place to Work® and FORTUNE
    Pluralsight Named One of the 2019 Best Workplaces for Women by Great Place to Work® and FORTUNE Silicon Slopes, Utah – September 19, 2019 —​ Pluralsight, Inc. (NASDAQ: PS), the enterprise technology skills platform, today announced it has been named one of the ​2019 Best Workplaces for Women​ by Great Place to Work® and FORTUNE for the second consecutive year. “We’re so proud to once again be named a Best Workplace for Women,” said Aaron Skonnard, co-founder and CEO of Pluralsight. “This recognition by Great Place to Work and FORTUNE validates all of our work to support all of our team members, regardless of gender identity, ethnicity, sexual orientation, age or physical ability, to feel welcome and comfortable bringing their full selves to work every day.” In the past few years, Pluralsight has intentionally invested in creating meaningful programs to enhance the workplace and create a stronger sense of belonging for all. Pluralsight is an original founder of Parity.org, a nonprofit organization focused on bringing gender parity to the highest levels of business. As a founding member, Pluralsight was among the first companies to take the ParityPledge, committing to interview at least one qualified woman candidate for every open vice president position and above, including board positions. As of today, Pluralsight’s 11-member Board of Directors is 27% female. Additionally, the company created the Women at Pluralsight program to offer women in all roles and at all job levels an outlet to connect, support, empower, and succeed through a variety of leadership and personal development, including a mentorship program.
    [Show full text]
  • Technology, Software, and Information & Business Services Industries
    1H13 M&A and Investments Review DEAL Technology, Software, and Information NotES & Business Services Industries 1H13 Review of M&A and Investment Activity in the Technology, Overview 1 Software, and Information & Business Services Industries: Segment Analysis 1,283 Transactions Totaling a Reported Marketing Technology 5 Technology & Communications 6 $50.3 Billion Software 7 Information & Business Services 8 Marketing Technology was the Most Active Segment in 1H13 with 421 Transactions Recent Transactions 9 Information & Business Services was the Highest Value Segment About Petsky Prunier 10 with $18.6 Billion in Reported Deal Value During the first half of 2013, Petsky Prunier tracked 1,283 M&A and investment transactions for a total of $50.3 billion across four broad segments: Marketing Technology, Technology & Communications, Software, and Information & Business Services. Marketing Technology was the most active segment in 1H13, accounting for one-third of total volume during the first six months of the year, with 421 transactions announced. Of those, 276 were worth $8.9 billion in aggregate reported value. Information & Business Services was the highest reported value segment in 1H13 with $18.6 billion, including Fidelity National Services’ $3.9 billion acquisition of Lender Processing Services, a provider of integrated technology, data, and services to the mortgage lending industry. Software was also a high-value segment due in large part to the announced $6.9 billion take-private of enterprise software company BMC Software from a
    [Show full text]
  • Fact Sheet Million Inq3/19
    Fact Sheet Pluralsight’s mission is to democratize technology skills. We are driven by the belief that everyone should have the opportunity to develop the technology skills of tomorrow and create progress through technology. With assessments, learning paths, and courses authored by world-renowned industry experts, our technology skills platform helps businesses and individuals close the technology skills gaps in critical areas, innovate faster, and meet their core objectives. Pluralsight enables technology skills at scale for businesses of any size in any industry. PLURALSIGHT LEADERSHIP Farmington, UT Aaron Skonnard, CEO and Co-Founder www.pluralsight.com James Budge, Chief Financial Officer STOCK SYMBOL Matthew Forkner, Chief Legal Officer NASDAQ: PS Ross Meyercord, Chief Revenue Officer Heather Zynczak, Chief Marketing Officer AT A GLANCE Nate Walkingshaw, Chief Experience Officer Founded: 2004 Anita Grantham, Chief People Officer Farmington, UT Headquarters: Brandon Peay, Chief Strategy and Operations Officer Offices: Boston, MA; Dublin, Ireland Employee Count: 1,500+ AWARD HIGHLIGHTS Industry: SaaS • Fortune and Great Place to Work Best Workplaces (Top 10, 2018) Partners: Adobe, Microsoft, Oracle, Google, Unity, Stack • Forbes Cloud 100 (Top 20, 2017) Overflow, Amazon Web Services • Entrepreneur 360 Best Company (2017) Customers: Trusted by approximately 70% of Fortune 500 • Inc. 500 | 5000 (2016, 2015, 2014, 2013) companies; more than 17,700 business accounts. • Forbes America’s Most Promising Companies (2015) Reach: Serving customers in 180 countries Revenue and Billings: $82.6 million in Q3/19 and billings of $92.1 million in Q3/19. CONTINUED ON PAGE 2 » 100952-19 Q3 ’19 100952-19 PLATFORM On-demand Channels Our platform allows technology professionals the freedom to Technology professionals and leaders can curate content and learn at their own pace anytime, anywhere, on any device.
    [Show full text]
  • Adbe 10K Fy17
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 1, 2017 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15175 ADOBE SYSTEMS INCORPORATED (Exact name of registrant as specified in its charter) _____________________________ Delaware 77-0019522 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 345 Park Avenue, San Jose, California 95110-2704 (Address of principal executive offices) (408) 536-6000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock, $0.0001 par value per share The NASDAQ Stock Market LLC (NASDAQ Global Select Market) Securities registered pursuant to Section 12(g) of the Act: None _____________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • New Hands-On Learning Experiences Launched to Deepen Technology Skill Development
    Pluralsight Introduces a Fast and Accurate Way to Assess Expertise in Technology Roles New Hands-On Learning Experiences Launched to Deepen Technology Skill Development SILICON SLOPES, Utah – August 29, 2018 – Pluralsight Inc. (Nasdaq: PS), the enterprise technology learning platform, today at Pluralsight LIVE 2018 unveiled Role IQ, an efficient and clear way to determine a technology professional’s expertise level. Role IQ gives CIOs and CTOs the ability to replace manual benchmarking and outdated staffing strategies with science- driven assessments and real-time analytics that help ensure technology professionals are well- positioned to deliver on business objectives. Role IQ, powered by Pluralsight’s machine learning algorithms Iris, builds upon the success of Skill IQ, which has benchmarked more than 1 million technology skills worldwide. While Skill IQ measures an individual’s proficiency in a specific software technology (e.g. Angular) in as little as five minutes and 20 questions, Role IQ measures a collection of skills an individual needs to be successful in her role. An Angular web developer, for example, can now quantify her expertise—with Role IQ—by measuring her knowledge of Angular, JavaScript, CSS, Typescript, Git, NPM, ES6, RxJS and HTML5. Based on the results of her skill assessments, she will receive a Role IQ that rates her proficiency level (Beginner, Level 1, Level 2 or Level 3) in this role relative to other Angular web developers and a customized learning path to help fill her skill gaps. With more than 120 skill assessments available across a variety of technologies, CIOs and CTOs can determine the role proficiency of each person in their organization by designing custom roles or by leveraging the roles created by Pluralsight and its partners.
    [Show full text]
  • Adbe 10K Fy16
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 2, 2016 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-15175 ADOBE SYSTEMS INCORPORATED (Exact name of registrant as specified in its charter) _____________________________ Delaware 77-0019522 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 345 Park Avenue, San Jose, California 95110-2704 (Address of principal executive offices) (408) 536-6000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock, $0.0001 par value per share The NASDAQ Stock Market LLC (NASDAQ Global Select Market) Securities registered pursuant to Section 12(g) of the Act: None _____________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Book One 2018 Chapter One: Origin
    BOOK ONE 2018 CHAPTER ONE: ORIGIN .......................... 3 CHAPTER TWO: DISCOVERY ...................13 CHAPTER THREE: PROGRESS ................. 27 CHAPTER FOUR: FUTURE ...................... 49 Norwegian Refugee Council Technology skills CHAPTER ONE — create freedom, Origin equality and opportunity. 2 PLURALSIGHT ONE PLURALSIGHT ONE 3 “ We choose to go to the Moon in this decade... “We choose to the go to the Moon in this decade...not because [it is] easy, but because [it is] hard.” President not because [it is] easy, but because [it is] hard; Kennedy’s bold vision of landing a man on the Moon within 10 years and returning him safely to Earth was because that goal will serve to organize and audacious, not only because it had never been done, but measure the best of our energies and skills, because the technology required to do so didn’t exist. Yet, his articulation of an ambitious goal with profound because that challenge is one that we are willing implications for humanity launched an era of unparalleled determination, creativity and scientific progress. Eight years to accept, one we are unwilling to postpone, and later, when astronaut Neil Armstrong stood on the Moon and one we intend to win.” took “one small step for man, one giant leap for mankind,” the impossible was realized two years ahead of schedule. Kennedy’s bold vision would later be immortalized by the PRESIDENT JOHN F. KENNEDY, SEPTEMBER 12, 1962 term “moonshot.” According to Astro Teller, CEO of X, a moonshot is the collision of a huge problem, breakthrough technology and a radical solution. It does not bring about change incrementally; it is transformative by orders of magnitude.
    [Show full text]
  • In the United States District Court for the District of Utah
    Case 1:19-cv-00128-JNP-DBP Document 137 Filed 03/31/21 PageID.<pageID> Page 1 of 57 FILED 2021 MAR 31 PM 2:17 CLERK U.S. DISTRICT COURT IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF UTAH INDIANA PUBLIC RETIREMENT SYSTEM, et al., MEMORANDUM DECISION AND ORDER GRANTING THE Plaintiffs, PLURALSIGHT DEFENDANTS’ MOTION TO DISMISS v. PLURALSIGHT, INC., et al., Case No. 1:19-cv-00128-JNP-DBP Defendants. District Judge Jill N. Parrish Before the court is a Motion to Dismiss Corrected Amended Complaint (“CAC”) filed by Defendants Pluralsight, Inc. (“Pluralsight”), Aaron Skonnard (“Skonnard”), James Budge (“Budge”), Gary Crittenden, Scott Dorsey, Arne Duncan, Ryan Hinkle, Leah Johnson, Timothy Maudlin, Frederick Onion, Brad Rencher, Bonita Stewart, and Karenann Terrell (collectively, the “Pluralsight Defendants”). ECF No. 111. Defendants Morgan Stanley & Co., LLC and J.P. Morgan Securities, LLC (collectively, the “Underwriter Defendants”) joined the Pluralsight Defendants’ Motion to Dismiss and Reply in Support of Motion to Dismiss. ECF Nos. 114, 124. The court entertained oral argument on the Motion to Dismiss on March 22, 2021. Having reviewed the memoranda and considered the oral argument, the court grants the Pluralsight Defendants’ Motion to Dismiss. BACKGROUND Pluralsight is a software company that offers a cloud-based technology skills platform and sells subscriptions to its platform to businesses and individuals. Pluralsight customers have access Case 1:19-cv-00128-JNP-DBP Document 137 Filed 03/31/21 PageID.<pageID> Page 2 of 57 to a library of online technology skills courses, skill and role assessments, learning paths to help users master particular subjects, and analytic tools to help business customers track and respond to the technology skills of their employees.
    [Show full text]
  • The Future of Workforce Development Contents
    A pivotal point: the future of workforce development Contents Foreword 3 Summary 4 Introduction 6 PART 1: A pivotal point 7 The changing nature of work and workforce development 8 Work is changing 9 The workforce development market is large and shifting 10 The rise of upskilling and reskilling 11 The obstacles 12 The new priorities 14 The landscape of the future 18 PART 2: Emerging growth areas 24 Challenges and opportunities of the four emerging growth areas 26 Skills assessment: how do I improve, if I can’t define? 27 Supported career pathways: getting employees from A to B 29 Applied, collaborative learning: increasing sharing, uptake, engagement and self-motivation 31 Tailored learning: improving relevance and impact 33 How will our four areas of opportunity play out in the future? 36 Skills assessment 37 Supported career pathways 37 Applied collaborative learning 38 Tailored learning 39 PART 3: Recommendations 40 Recommendations for learning and development practitioners 41 Recommendations for organisations 44 Recommendations for policymakers 46 Top five things founders should do 48 Top five things founders should avoid 50 Q+A interview with Justin Cooke, chief content and partnerships officer, FutureLearn 52 Final words and acknowledgements 54 Foreword As we emerge from the pandemic, assess its fallout in the workplace and look to recovery, business leaders are going to find themselves facing a dire talent and skills shortage. We knew this when Covid first struck: chief executives then saw such a shortage as one of their biggest business threats. The chances now are that it is becoming an even bigger threat, particularly in new digital areas, as this report shows.
    [Show full text]
  • Fact Sheet Revenue
    Fact Sheet Pluralsight’s mission is to democratize technology skills. We are driven by the belief that everyone should have the opportunity to develop the technology skills of tomorrow and create progress through technology. With assessments, learning paths, and courses authored by world-renowned industry experts, our technology skills platform helps businesses and individuals close the technology skills gaps in critical areas, innovate faster, and meet their core objectives. Pluralsight enables technology skills at scale for businesses of any size in any industry. PLURALSIGHT LEADERSHIP Farmington, UT Aaron Skonnard, CEO and Co-Founder www.pluralsight.com James Budge, Chief Financial Officer STOCK SYMBOL Matthew Forkner, General Counsel NASDAQ: PS Joseph DiBartolomeo, Chief Revenue Officer Heather Zynczak, Chief Marketing Officer AT A GLANCE Nate Walkingshaw, Chief Experience Officer Founded: 2004 Anita Grantham, Chief People Officer Farmington, UT Headquarters: Brandon Peay, Chief Strategy and Operations Officer Offices: Boston, MA; Dublin, Ireland Employee Count: 1,100+ AWARD HIGHLIGHTS Industry: SaaS • Fortune and Great Place to Work Best Workplaces (Top 10, 2018) Partners: Adobe, Microsoft, Oracle, Google, Unity, Stack • Forbes Cloud 100 (Top 20, 2017) Overflow, Amazon Web Services • Entrepreneur 360 Best Company (2017) Customers: Trusted by approximately 70% of Fortune 500 • Inc. 500 | 5000 (2016, 2015, 2014, 2013) companies; more than 16,000 business accounts • Forbes America’s Most Promising Companies (2015) Reach: Serving customers in 180 countries Revenue and Billings: $67.3 million in Q4/18 and billings of $100.6 million in Q4/18. For full year 2018, $232 million in revenue. CONTINUED ON PAGE 2 » 126228-19 Q4 ‘18 126228-19 PLATFORM On-demand Channels Our platform allows technology professionals the freedom to Technology professionals and leaders can curate content and learn at their own pace anytime, anywhere, on any device.
    [Show full text]