News Formal

Monday.com's Outsized Investment in Productivity Software Market

  • 📰 NewYorker
  • ⏱ Reading Time:
  • 26 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 67%

Technology 뉴스

Monday.Com,Productivity Software,Workflow Management

Monday.com, a productivity software company, has received a significant investment due to the lucrative nature of workflow management services. Other companies in the same category, such as Trello and Wrike, have also experienced successful acquisitions. Monday.com's user growth has supported a successful IPO, valuing the company at over seven billion dollars.

This outsized investment makes sense when you consider the changes that have taken place in the productivity-software market. Monday.com claims to help knowledge workers collaborate better: “Boost your team’s alignment, efficiency, and productivity by customizing any workflow to fit your needs.” This objective might sound dry in our current moment of flashy social apps and eerie artificial intelligence, but helping organizations manage their workflows has proved to be surprisingly lucrative.

Trello, one of the early success stories from this category, was launched in 2011 as a side project by an independent software developer. In 2017, it was purchased by Atlassian for four hundred and twenty-five million in cash and stock. Another workflow-management service, named Wrike, subsequently sold for $2.25 billion. For its part, Monday.com went on to leverage the user growth generated by its advertising push to support a successful I.P.O. that valued the company at over seven billion dollar

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 90. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Hong Kong, Japanese stocks climb MondaySupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Massive Building Growth Presents Investment OpportunityThe world will have to add the equivalent of an entire New York City to the world every month for 40 years to accommodate the influx of city dwellers. This represents the biggest wave of building growth in human history and also a massive opportunity for investors, according to Sadek Wahba, the founder and chairman of I Squared Capital.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

B. Riley's Stock Plunges After Disclosing Investment LossesB. Riley's stock plummeted nearly 35% on Monday after disclosing unrealized investment losses and receiving a downgrade from S&P Global Ratings.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »