, Domo is "one of those companies that it's kind of surprising that it hasn't been acquired yet."
Regardless of Domo's newly-solid footing, however, it's long been eyed as a potential takeover target. Earlier this year, But James has been heavily disinclined to sell, two banking sources told Business Insider. He would apparently prefer that Domo builds a tech empire of its very own: He's always "wanted to prove he's not just a founder, but a CEO," said a source who works for a Domo competitor. Domo declined to comment on potential M&A activity.
Prior to Domo, James was best known for selling his previous company Omniture to Adobe for $1.8 billion in 2009.shows James first declined Adobe CEO Shantanu Narayen's advances, saying he preferred to discuss "partnership opportunities." Narayen kept pressing, and two months later, James relented and formal acquisition talks began.
Asked during the company's Domopalooza conference in March whether it was time to considering selling the business to a larger vendor like SAP or Oracle or Microsoft, James said: "We always take inbounds when we come. I'm certainly not opposed to selling the company. He added: "Do I want to sell? No, I don't want to sell, but there's the reality of also having to face whatever is taking place with your ability to execute out there in the marketplace.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is so nice!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Influencers share top revenue sources in 2020 survey: merchandise, ads - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. nice Moneylogue Nice
Source: BusinessInsider - 🏆 729. / 51 Read more »
Chewy founder buys only Apple, Wells Fargo stock after selling company - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Walmart CEO condemns racial violence, pledges $100 million donation in email - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wow. They opened up their petty cash box to help people. But it's really government money from their extra profits from under paying employees while the Government gives them aid. 42% of Walmart US staff are BAME or “people of colour”. Black staff are 22%. Walmart’s net profit for 2019 was $3.8B. So the $100M pledge is only 2% of profits. That’s what 42% of staff mean to you, mr CEO?
Source: BusinessInsider - 🏆 729. / 51 Read more »
LinkedIn CEO apologizes for allowing 'appalling' employee comments - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LinkedIn 2020 is over division and still all the media is focusing on. Media 🙄 shanniacolon Shocker!
Source: BusinessInsider - 🏆 729. / 51 Read more »