Pre-IPO Sector News Update

May 11, 2021

• Last week, Acronis raised $250 million at a valuation greater than $2.5 billion.

• Automation Anywhere appointed James Budge as its CFO and Mike Micucci as its COO. Budge previously was the CFO at Pluralsight. Micucci previously led the product direction, marketing and operations for Saleforce's Community Cloud department.

• Divvy was getting acquired by Bill.com for $2.5 billion.

• In its latest regulatory filing, Procore planned to sell its shares in its IPO at a range of $60 per share to $65 per share, raising roughly $615.6 million which translates to a $8.3 billion valuation.

• ThoughtSpot acquired Diyotta, a data integration platform.

The news articles and links presented below are available for your reference.

ACRONIS

“Acronis Raises $250M at a $2.5B+ Valuation to Double Down on Cyber Protection Services”

• https://techcrunch.com/2021/05/04/acronis-raises-250m-at-a-2-5b-valuation-to-double-down-on-cyber-protection-services/

AUTOMATION ANYWHERE

“Automation Anywhere Appoints Former Salesforce Executive and Tech Finance Expert, Strengthening the Executive Team for Its Next Phase of Growth”

• https://www.prnewswire.com/news-releases/automation-anywhere-appoints-former-salesforce-executive-and-tech-finance-expert-strengthening-the-executive-team-for-its-next-phase-of-growth-301284152.html

DIVVY

“Bill.com To Buy Divvy, for $2.5 Billion”

• https://www.finsmes.com/2021/05/bill-com-to-buy-divvy-for-2-5-billion.html

PROCORE

“Procore Technologies Sets IPO Terms, to be Valued at up to $8.3 Billion”

• https://www.marketwatch.com/story/procore-technologies-sets-ipo-terms-to-be-valued-at-up-to-83-billion-2021-05-10

THOUGHTSPOT

“ThoughtSpot Acquires Diyotta to Expand Ecosystem for the Modern Analytics Cloud”

• https://www.businesswire.com/news/home/20210504005437/en/ThoughtSpot-Acquires-Diyotta-to-Expand-Ecosystem-for-the-Modern-Analytics-Cloud