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Dropbox partners with Autodesk to help users collaborate on large design files


Dropbox announced a couple of products today to make it easier for Autodesk users to access and share large design files. The products include an integrated desktop app for opening and saving Autodesk files stored in Dropbox and an app for viewing design files without the need for owning Autodesk.

These products are long overdue given that Dropbox’s Ross Piper, who is head of ecosystem and developer platforms, says they have 1.5 billion (with a B) Autodesk files stored in Dropbox with 85 million being added every month, an astonishing number considering the size and complexity of these files. But it is precisely because they are large and complex that a cloud storage solution is a compelling idea.

The companies decided to partner to help make working with these files an easier and more streamlined undertaking.

The Dropbox desktop app, which will be available starting today, enables Autodesk users to open and save .dwg design files in the cloud directly from the AutoCad application. Users simply open these files directly in AutoCad, and they are pulled from Dropbox, and open as normal. When users are finished working on the files, they are saved back to Dropbox automatically.

Dropbox integration directly in AutoDesk application. Photo: Dropbox

In addition, Dropbox also announced a native viewer app, which is coming soon, which will enable Autodesk users to share design files with users who don’t own the Autodesk software. What’s more, these users will be able to comment on the files, making it easier for architects and project managers to share changes even when contractors, customers and other interested parties don’t own the core product.

For instance, you can look at an architect’s drawing and select a room or area, then comment specifically about that area.

Photo: Dropbox

Users can download these new tools from Autodesk’s AutoCad App Store, install them and they are good to go.

This announcement is part of a broader play by Dropbox to have third-party partners like Autodesk integrate the Dropbox product more directly into business applications where people are doing work, rather than having to open Dropbox explicitly to grab these files.

It’s worth noting that Box has had a similar partnership with Autodesk in place for a couple of years.
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Oracle grabs Zenedge as it continues to beef up its cloud security play


Oracle announced yesterday that it intends to acquire Zenedge, a 4-year old hybrid security startup. They didn’t reveal a purchase price.

With Zenedge, Oracle gets a security service to add it to its growing cloud play. In this case, the company has products to protect customers whether in the cloud, on-prem or across hybrid environments.

The company offers a range of services from web application firewalls to distributed denial of service (DDoS) attack mitigation, bot management, API management and malware prevention. In addition, they operate a Security Operations Center (SOC) to help customers monitor their infrastructure against attack. Their software and the SOC help keep watch on over 800,000 websites and networks across the world, according to information supplied by Oracle.

Oracle says it will continue to build out Zenedge’s product offerings. “Oracle plans to continue investing in Zenedge and Oracle’s cloud infrastructure services. We expect this will include more functionality and capabilities at a quicker pace,” Oracle wrote in an FAQ on the deal (.pdf) published on their website.

Oracle’s recent acquisition history. Source: Crunchbase

Just this week Oracle announced that it was expanding its automation capabilities on its Platform as a Service offerings from databases to a range of areas including security. Ray Wang, founder and principal analyst at Constellation Research says the company is a good match as it also uses automation and artificial intelligence in its solution.

“Oracle is beefing up its security offerings in the cloud. They have one of the strongest cyber security platforms,” Wang told TechCrunch. “They also have a ton of automation that fits Oracle’s theme of autonomous,” he added.

Oracle is far behind cloud rivals as it came late to the game. Just this week, the company announced plans to build a dozen data centers around the world over the next two years. They are combining an aggressive acquisition strategy and rapid data center expansion in an effort to catch up with competitors like AWS, Microsoft and Google.

Zenedge launched in 2014 and has raised $13.7 million, a modest amount for a cloud-based security service. Oracle says customers and partners can continue to deal with Zenedge using their existing contacts.
Featured Image: Justin Sullivan/Getty Images Readmore

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Bynder acquires digital asset management service Webdam from Shutterstock for $49.1M


Bynder, one of the leading companies in the digital asset management space, today announced that it has acquired Shutterstock‘s Webdam. The Amsterdam-based company tells us that it paid $49.1 million for Webdam, which Shutterstock itself acquired back in 2014.

Like Bynder, Webdam’s focus is on helping enterprises and agencies manage their digital assets. Currently Webdam customers include the likes of Starbucks, Zillow, Alaska Airlines, Subway, HTC and Band & Olufsen. In total, Webdam counts over 200,000 professionals and teams as its customers.

Bynder has more than 250,000 customers, which include PUMA and KLM. As the Bynder team notes, Webdam has a strong presence in the healthcare and education fields and is a strong player in the U.S. midsize company market. Bynder, on the other hand, has a strong international focus, so the two companies should be quite complementary. The acquisition also gives Bynder, which was founded in 2013 a physical presence in the Bay Area, where Webdam is headquartered. Bynder also has offices in Boston, London, Barcelona, Rotterdam and Dubai.

“There is a clear synergy in the culture and product vision at Bynder and Webdam. That’s why we see this as a strategic move that will greatly benefit both Bynder and Webdam customers,” said Bob Hickey, CEO of Webdam. “Our customers depend on high quality digital experiences to create marketing materials. We see this as a great opportunity of our customers’ continued success and a natural partner that will help us meet future industry demands.”

For the time being, both companies will operate as usual, but the plan is to roll out a combined product offering over the course of the next year. That means, at least for the time being, Webdam’s integrations with Shutterstock’s stock image service are not going to change either.

This move will also allow Bynder to better compete with the likes of Canto, Northplains, ADAM Software, OpenText Media Management and MediaBeacon. While you probably don’t spend a lot of time thinking about digital asset management, this is clearly a market that’s heating up. About a year ago, Aprimo, for example, acquired ADAM Software and chances are we’ll see more acquisitions in the area in the next year or so.
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Slack adds Edith Cooper to board of directors


Slack had added Edith Cooper, who most recently served as the global head of human capital management at Goldman Sachs, to its board of directors. As Slack prepares “for accelerated growth at scale,” Slack CEO Stewart Butterfield wrote in a blog post today, Cooper marks Slack’s second independent board member.

“She has an unrivaled depth of experience in the hardest challenges that modern organizations face, and Edith is going to be a huge asset as we continue to expand our capabilities,” Butterfield wrote. “She is a deep thinker, a good listener, and a wise strategist, and I’m thrilled to have her join us as Slack enters its next phase of growth.”

In March, Slack added its first independent board member, Square CFO Sarah Friar. Just last week, Slack named Allen Shim as its first-ever chief financial officer.

All of these appointments may signal Slack’s preparation to go public at some point. As Butterfield noted in his blog post, which he kicked off with some references to how public company executives operate, Cooper’s appointment is part of a longer-term plan to continue growing Slack.

Equally important, Cooper is a black woman. And it’s not just important from the ethical standpoint of inclusion, but from the perspective of financial bottom lines.

Companies in the top quartile for ethnic diversity at the executive level are 33 percent more likely to have above-average profitability than companies in the bottom quartile, according to McKinsey’s 2018 report, “Delivering through Diversity.” And essentially the same goes for gender diversity, with companies in the top quartile for gender diversity being 21 percent more likely to have above-average profitability than companies in the bottom quartile.

This year has marked an increase in the number of black people on tech board of directors. Last month, both Airbnb and Facebook appointed Kenneth I. Chenault, the outgoing CEO of American Express, to their respective board of directors.

But the number of black women on tech company board of directors is very low. Of the major tech companies, Salesforce is the only other company with a black woman of its board of directors. Her name is Robin Washington, the executive vice president and chief financial officer of Gilead Sciences.

Slack, which launched about four years ago, said in September it had six million daily active users. In September, Slack raised a $250 million round led by Softbank, which valued the company at $5.1 billion.
Featured Image: Slack Readmore

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