On Monday, Microsoft Corporation (NASDAQ:MSFT)’s shares inclined 2.00% to $55.14.
SnapLogic, the industry’s first enterprise integration platform as a service (iPaaS) for big data, declared the closing of a $37.5 million financing with Microsoft and Silver Lake Waterman, the growth capital arm of Silver Lake, joining existing investors, counting Andreessen Horowitz, Ignition Partners and Triangle Peak Partners. The capital raised will be used to accelerate growth and expand internationally.
SnapLogic provides integration services for enterprises looking to build or strengthen their cloud and data architecture, allowing businesses to connect data faster and more efficiently. Since launching its cloud and big data integration platform in July 2013, SnapLogic has been on a steep upward trajectory and closed a record third quarter in September 2015.
SnapLogic now has more than 400 customers of its modern, hybrid and scalable iPaaS. In the third quarter of 2015, the company grew bookings by 182 percent sequentially as customer adoption has continued to grow rapidly across a wide range of industries, counting life sciences, healthcare, financial services, media and retail, among others. Recently, with its expanding customer list, SnapLogic is now processing more than 55 billion documents per month through its cloud and big data integration platform as a service, with some customers adding hundreds of users thanks to the self-service, cloud-based design, administration and monitoring environment.
Microsoft Corporation, a technology company, develops, licenses, and supports software products, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s shares gained 2.50% to $59.76.
Etihad Airways, the national airline of the United Arab Emirates, and Cognizant (CTSH), a leading provider of information technology, consulting, and business process outsourcing services, recently declared a planned agreement to drive digital transformation across the airline and its equity partners.
Under the three-year, multi-million dollar deal, Cognizant will assist Etihad Airways define its digital strategy and reimagine the guest experience along a guest’s travel journey across the group.
By bringing together its digital strategy, technology, industry and experiential design expertise, Cognizant will conduct a comprehensive study of Etihad Airways’ current business and technology footprint to outline and operationalise a best-in-class digital ecosystem, enabling multi-channel distribution, customer persona segmentation and personalized marketing techniques.
Through data and customer insights, Cognizant will enable Etihad Airways, and subsequently its equity partners, to better understand the needs of their guests. Combining this research with streamlined best practices, processes and technology, the airline will provide guests with customized offerings, tailored travel solutions, and improved experiences throughout their journey based on their loyalty status and personal preferences such as product and service features, preferred seating, meal choices, holiday destinations and more. For the airline, this means unlocking new revenue streams, enhancing its brand and building new commercial models.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other.
At the end of Monday’s trade, California Resources Corp (NYSE:CRC)‘s shares dipped -8.36% to $2.52.
California Resources Corporation (CRC) declared the expiration and final results of its private offers to exchange (the “Exchange Offers”) up to $2.8125 billion aggregate principal amount (the “Maximum Exchange Amount”) of its outstanding 5.0% Senior Notes due 2020 (the “5% Notes”), 5½% Senior Notes due 2021 (the “5½% Notes”) and 6.0% Senior Notes due 2024 (the “6% Notes” and together with the 5% Notes and the 5½% Notes, the “Old Notes”) held by Eligible Holders, for newly issued 8.00% Senior Secured Second Lien Notes due 2022 (the “New Secured Notes”).
The Exchange Offers expired at 11:59 p.m. New York City time on December 10, 2015 (the “Expiration Time”). As of the Expiration Time, $3,653,296,000 in aggregate principal amount of the Old Notes, representing 73 % of the outstanding principal amount of the Old Notes, had been validly tendered (and not validly withdrawn) following the Exchange Offers.
Because the aggregate principal amount of Old Notes validly tendered (and not validly withdrawn) at or before 5:00 p.m. New York City time on December 1, 2015 (the “Early Participation Time”) exceeded the Maximum Exchange Amount, CRC will accept only Old Notes tendered preceding to the Early Participation Time on a pro rata basis as offered in the Offering Memorandum (as defined below) and will not accept any Old Notes tendered after the Early Participation Time.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids.