Google’s $3.2 billion acquisition of Nest could herald a new wave of interest in companies sitting at the intersection of data, services, and energy for the home and for businesses – or the beginning of the end for earlier-stage competitors.
One investor with deep exposure to the cleantech industry said the buy was good for the overall market, while a technology-focused venture investor said Google’s acquisition anoints Nest the clear winner – and winner takes all.
So who should be worried (or elated)?
Some start-ups that could find themselves under the shadow of Google’s Nest include:
Like Nest, Opower tackles energy management and was backed by Kleiner Perkins Caufield & Byers. Unlike the hardware company, Opower has raised $65.7 million in financing to develop software that it sells to utilities to monitor how much energy consumers use and provide incentives to lower consumption. Among Opower’s other investors are New Enterprise Associates and Accel Partners.
Another software developer for energy management is EcoFactor, which, like Nest, has the benefit of a large, publicly traded backer. While Nest had Google, EcoFactor has NRG Energy, the power company whose plants provide 47 gigawatts of generation capacity and whose retail arms serve 2 million customers in 16 states. EcoFactor raised its first capital from RockPort Capital Partners, which, along with Aster Capital and Claremont Creek Ventures, who came in to the company’s Series A round, remain investors. To date, the company has raised $27.4 million.
With $111 million in the bank, Tendril may be the best financed of all of the potential competitors for Nest’s nest in the consumer home. Like its other peers, Tendril sells utilities a software package for consumers to set efficiency goals and for utilities to improve customer service operations. The company’s business was persuasive enough to attract Good Energies, RRE Ventures, Siemens Venture Capital, VantagePoint Capital Partners, and Vista Ventures.
A subsidiary of the private equity-baked Alarm.com, EnergyHub is one piece of Alarm.com’s play that could knock out Nest. It’s products also include video monitors, garage door controls, connection to security alarms, as well as EnergyHub’s energy management software. Technology Crossover Ventures invested in the $136 million financing, which closed July 2012.
The $7.2 million-backed Canadian smart thermostat developer Energate raised its cash from local investors The Ontario Capital Growth and Cycle Capital in 2010. From its base in Ottawa, Canada the manufacturer of thermostats, energy displays, load switches, and peripherals has expanded with sales offices in California and Texas, according to information on CrunchBase.
If Google were to decide to move its Nest across the pond, it might set off alarm bells for the UK-based energy management company, AlertMe. Another horse in the Good Energies stable of energy efficiency-focused companies, AlertMe also counts the utility British Gas among its investors and strategic partners.
It’s not just startups that have something to fear from a bigger Nest.
Two years ago the building systems management and industrial manufacturing giant, Honeywell International, slapped Nest with a patent infringement lawsuit. Building automation is an industry that multi-billion dollar companies like Honeywell, Johnson Controls, and Schneider Electric consider extremely important – according to a study by Transparency Market Research it could be up to $16.4 billion by 2019, up from $3.6 billion in 2012.
The Google acquisition of Nest means that these giants also could face a new, infinitely deep-pocketed source of competition.
Image via Nest
Article courtesy of TechCrunch
Microsoft CEO Steve Ballmer was not forced out of his role at the company, but its board did hasten his exit, according to a report in the Wall Street Journal, whose sources include Ballmer himself, as well as a number of his lieutenants.
Ballmer’s exit was not a firing over the painful reported a $900 million charge related to the Surface tablet line that was recorded earlier this year. That’s a polite way of saying that Microsoft grossly overestimated demand for its new devices and lost a bundle in the process.
The Journal reports that in January, Ballmer’s plan to rebuild Microsoft was put under pressure by the company’s board. They wanted faster motion. The CEO is quoted as saying that he had not wanted to shake up the company until after Windows 8 shipped. That jives with the stated timeline: Windows 8 shipped in Q4 2012; in Q1 2013, the board turned up the heat.
Ballmer continued his work on revamping Microsoft, a company that has been alive for nearly 39 years. In May, he decided to it was time to go. The Journal has the scene:
His personal turning point came on a London street. Winding down from a run one morning during a May trip, he had a few minutes to stroll, some rare spare time for recent months. For the first time, he began thinking Microsoft might change faster without him.
“At the end of the day, we need to break a pattern,” he says. “Face it: I’m a pattern.” [...] On a plane from Europe in late May, he told Microsoft General Counsel Brad Smith that it “might be the time for me to go.” The next day, Mr. Ballmer called Mr. Thompson, with the same message.
The re-org kicked off in July. Ballmer and the company publicly announced that the CEO would depart within a year in August. The era of Ballmer was coming to a close. In the end, the board was key in accelerating Ballmer’s departure, but he was not, it appears, fired due to any single issue.
When Ballmer did announce that he was leaving Microsoft, there was a good deal of something close to schadenfreude in the media and technology worlds. It was an interesting time.
Ballmer was an imperfect CEO, but his final years will be considered his legacy, and I think that the changes he made to the company that he viscerally loves will bear out as generally correct. He initiated a new business model, began to reform key product lines to protect revenue streams and meet market requirements, turned the company into a respectable, if still flawed, hardware company, and retooled its executive layout to prevent it from shredding itself through internecine warfare as it has for so long.
Yes, there was Vista, Zune, Kin and a host of other flops under his tenure. But the Microsoft of today is the strongest that I can remember it being, and that’s not a bad note for Ballmer to leave on.
Top Image Credit: Flickr
Article courtesy of TechCrunch
Bill Gates is not coming back to Microsoft as its CEO. He’s not. He’s said so again and again. And yet, today, some unsourced rumors began to circulate that the man was coming back to manage the company he helped found.
It’s not happening. That should go without saying, but at this point I’ve surrendered to reading the same bullshit at least twice a year. Not only has Gates himself been deliberately plain that he has no intention of returning to run Microsoft, his exit from the company is indicative of how his attention drifted from the firm following the forming of the Bill & Melinda Gates Foundation in 2000, the same year he gave up the CEO reins.
Following his formal surrendering of the boss role to Ballmer, Gates held onto board chairmanship, and an amorphous role created for him called Chief Software Architect. Around a half decade later, Gates cut his Microsoft time, leaving full-time duties to others. At that point, the foundation became his main activity.
Then in 2008, Gates left Microsoft’s daily operations entirely. He has retained his board presence, but that’s it.
Gates has been clear about what he wants to do, and it is not running Microsoft. So, why the endless rumor cycles? I can’t summon a reason better than that some desperately hope for his return to the software giant. This raises a better question: Who the hell wants that?
Gates left daily time at Microsoft around the eras of Vista and Internet Explorer 7, two products that were stilted and led to a general decline in Microsoft’s hegemony in the computing business. This isn’t to cast aspersions on Gates, but more to point out that even then his lingering influence didn’t stop Microsoft from releasing mediocre products.
The Microsoft of today is a far superior firm than the Microsoft of 2008 — disregarding financial metrics. And that is the Microsoft that Gates is steeped in, not the device and service, recently re-org’d one that has a different business model and operational structure.
Now, Microsoft is embracing web standards, supporting open source code on its Azure cloud computing service, and has a mobile platform — Windows Phone — that is the most compelling in its history. And, perhaps most importantly, much of the company’s former arrogance has dissipated. Mostly because the firm got spanked by Apple’s iPhone, Google’s Chrome and a host of other products and services that bested its own efforts for years.
Who might argue that Gates’ leadership style would be a good fit for such a company? It could be, but it’s at best a hypothetical. Ballmer, on the other hand, has enacted the above changes, so he is at least sufficiently in tune to lead day to day.
Mary Jo Foley has a good take on the above, of course:
Yes, I know there are many who equate the heady years of Microsoft growth with Gates. And I know there are many inside and outside the company — including some current and many former employees, along with quite a few Wall Street analysts — who think a Gate-full Microsoft would trump a Ballmer-led one. I think many of those people are looking at Microsoft history with Fortaleza (instead of Google) glasses.
Gates founded Microsoft. But Microsoft is a very different company than when Gates retired from his day-to-day duties there in 2008. When Ballmer eventually goes, it’s time for new management, not a return to the past.
Gates is a massive figure in technology and now a global force for good. However, Microsoft as a company has outgrown its original methods, products, and business gist. To bring back Gates – and he wouldn’t come to boot – would be to retread old, lost ground.
So whenever someone tries to lie to you about Gates coming back, out of his own form of retirement, to install himself atop Microsoft Tower, blink twice and spit on the messenger. They are full of it.
My friend Matthew Panzarino put together a set of charts that show how much Apple has grown under the primacy of its current leader Tim Cook. The charts are up and to the right. It was a jokish reminder that those clamoring for the firing of one executive or the next are often a bit short-sighted. And, of course, calling for Gates to take the CEO role at Microsoft is the same as calling for Ballmer’s canning from it.
Well, we can at a minimum run stats on Ballmer. The following graph (via SeattlePI) shows Microsoft’s revenue growth since 2005. Not the full Ballmer tenure, but a decent shot of how the company has performed:
The above performance is hardly a fireable offense. The middling of Microsoft’s stock price could be, but that’s a value call that doesn’t really implicate the Gates question. So, we can simply state that Microsoft’s key metric performance under Ballmer isn’t as desperate as many think; the market has simply allowed its stock to sit flat and fire out dividends as its income grew and its price-earnings ratio fell.
What this kicks down to is simple: Gates, no. So let’s never talk about this again. We’re done.
Top Image Credit: DFID
Article courtesy of TechCrunch
Even Google knows that there are still some occasions when you just need to print something, so for the last few years, the company has been steadily improving this service. At its core, Cloud Print allows you to share your printers with others and print virtually anything from anywhere.
There are plenty of “cloud-ready” printers on the market, which you can connect to the Internet and manage from your Google Cloud Print accounts. Until now, however, Google only supported Cloud Print in Chrome on Chrome OS. There are also some third-party tools for OS X and Windows, but until today Google itself didn’t really offer any support for third-party operating systems.
Today’s launch of the Cloud Print Service for Windows allows admins to easily connect their existing printers in their schools and businesses. The service runs in the background and connects your printers to Google’s cloud. It’s officially in beta, requires that Chrome is installed and is compatible with Windows 7, Vista and XP with the Windows XPS Essentials Pack installed (but then, you really shouldn’t run XP on your computers anymore…).
The other tool Google is launching today is Google Cloud Printer for Windows, which is essentially a printer driver for Windows that lets you use Cloud Print just like any other printer that’s installed on your computer. With this, you can print to Cloud Print from any application on your computer.
With today’s update, Google also now makes it easier to share printers with anybody nearby by simply providing them with a link. You can manage access this way and also set limits for how many pages a given user can print per day (something schools will surely appreciate).
Article courtesy of TechCrunch
Mailbird, a very Sparrow-like email client for Windows users, is launching into beta this week with plans to take its email desktop app beyond where Sparrow left off before being acquired by Google last July. The similarity between the two clients is striking, but co-founder and CEO Andrea Loubier insists that Mailbird isn’t copying Sparrow – it’s using that mail client’s look and feel for inspirational purposes only. And those similarities are only skin deep.
“By no means are we copying Sparrow,” says Loubier of the two apps’ differences, besides the fact that one is for Mac and iOS users, while the other is for Windows. “What we’re using right now – it’s not like it’s something that only Sparrow did,” she adds. “It’s what we’re seeing as a trend in app design right now.
“We looked at different apps that have this modern, flat design and went with those. They’re not exactly identical,” Loubier notes.
To the layperson who’s not a regular Sparrow user, the differences might be harder to spot, of course. And now that Sparrow is Google-owned, it’s unclear to what extent Sparrow’s new owners will have an issue with the user interface inspiration. However, given that the app is starting off with support for Gmail and Google Apps on Windows computers, Mailbird will probably get the chance to fly.
Though it was important to address the look-alike issue out of the gate here, the differences between Sparrow today and Mailbird don’t extend much further than that. Under the hood, Mailbird is working to bring some unique features to desktop mail clients, the most notable of which is an email app store. The company will open source that part of its code on GitHub, allowing third-party developers the ability to build their own integrated experiences into Mailbird itself.
The Mailbird team has already written some integrations of its own – not full email apps, but extensions – for Google Calendar and Dropbox to start. “The idea is that you can access everything from your email application, rather than have to navigate outside of it,” Loubier explains. “It’s like a one-stop shop in that sense.”
Mailbird also supports more advanced features, such as shortcuts, for those who want them. In fact, it supports the same shortcuts found in Gmail today, and will also allow users to customize their own shortcuts for things like compose or inline replies, for example.
“That’s the thing about the app – it’s super lightweight and simple, but there’s a lot of deep functionality about it,” Loubier says.
Another idea on the roadmap is a plan to include an email dashboard called “Wingman,” which would show users how productive they’re being within their email (or, perhaps, the opposite) with stats for how long you spend composing messages, turnaround time for replies, who you email the most, and more. (That sounds inspired by Google’s own Account Activity Report or Gmail Meter, actually).
And Mailbird will move to support multiple accounts in the future, too. For now, though, it supports a “send as” multi-identity feature for Gmail, Google Apps, Yahoo and Hotmail/Outlook.com.
Mailbird is currently based out of Bali, where’s it’s hosted under the incubator Contenga International, following Mailbird co-founder Michael Bodekaer’s Bali-based startup event, Project Getaway. Bodekaer has invested in the startup, but other than that, Mailbird is entirely boostrapped.
TechCrunch readers can gain early access ahead of this week’s official debut, as well as access to the Pro version for free for six months, which will include more features in the future. (Pro pricing is $12/year/user, will remove ads, and include “Wingman,” multi-identity and more; Business accounts with five-plus users will be $9/year/user). The sign-up is here: http://www.getmailbird.com/signup/?ref=techcrunch.
Mailbird works on Windows XP, Vista, 7 and Windows 8 (desktop not tablet). Plans to extend to other platforms – yes, including Mac – are in the works.
Article courtesy of TechCrunch
Here’s the rub. “Web 2.0″ was an idea which came about to describe the Web not just as a series of pages, but as a platform in its own right. And thus we have seen the rise of a new technology wave based entirely on that idea. But trapped inside the web is enormous amounts of data inside documents which has to some extent been forgotten about in our race to create new platforms.
Addressing this issue is a new startup out of London, Importio, which today announces a £600,000 ($900,000) seed round from Wellington Partners, Alta Vista founder Louis Monier, and long-time French technology investor Emmanuel Javal.
Essentially, Importio turns the web into a database, allowing companies and developers to extract and connect that data to create new data sets and apps.
“importio turns Web sites into data sources… into single real-time, virtual databases” says David White, CEO of Importio.
In theory, if you can use a spreadsheet you can use Importio to make the data inside documents on a website or several sites into an API. This has significant implications for business, obviously.
How does Importio work? With a point-and-click interface you can work out what data you want out of a site, no coding is involved. Then Importio creates a real-time connection to the data and creates real-time data sets from the underlying sources. You can then access the data in real-time via a single API call, through the Importio website or export the data into a spreadsheet, database, or search index.
So far it’s been used by Why Waste A Vote, where teenagers pulled data about MPs and bills awaiting passage in Parliament to create a web app in one weekend; Smartward, an app that combines NHS data; and PlanVine an events data company.
Article courtesy of TechCrunch
In June, recruitment software company Bullhorn got bought by Vista Equity Partners in a deal we heard was in the lower-nine figures. Today, Bullhorn is announcing two acquisitions of its own: it’s picking up Vancouver-based MaxHire Solutions and St. Louis-based Sendouts. The deals beef up Bullhorn’s cloud-based portfolio, with both companies specialists in recruitment software-as-a-service. Financial terms of the two deals were not disclosed.
The acquisitions fit in with the profile of Bullhorn’s new owner, Vista, which is known as a SaaS specialist with other assets covering verticals like banking, real estate and the legal industries. It also helps Bullhorn to build up its own cloud-based services portfolio to compete against the likes of IBM, which in August paid $1.3 billion to buy recruitment software giant Kenexa. TechCrunch understands that Bullhorn (and Vista) will be eyeing up further strategic acquisitions going forward to continue consolidation and scaling up.
Among the services that are getting added to Bullhorn as a result of the deal are the ability to mine prospect data from sites like Data.com and Hoover’s Inc.
And it looks like Bullhorn is looking to the new acquisitions for more tech innovation. As part of the deal, MaxHire’s CEO Peter Blitz will become Bullhorn’s product innovation officer, and Sendouts’ CEO Brian Hopcraft will become general manager. “Sendouts and Bullhorn share a strong, positive culture as well as a passion for making elegantly usable software for recruiters,” said Hopcraft in a statement. “We’ve worked hard building a great team and look forward to applying our joint expertise to help even more recruiters connect job seekers with opportunities.”
It is also about picking up new customers: The company now counts some 5,000 staffing and recruitment agencies.
“This is an incredible moment for Bullhorn customers,” said Art Papas, co-founder and CEO of Bullhorn in a statement. “These acquisitions dramatically increase our ability to execute on our vision of helping recruiters be more successful, develop new products, and serve our exponentially expanding user base.”
The combined companies will operate under the Bullhorn brand.
Article courtesy of TechCrunch