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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

Porch Group Photo). Big deals have become almost run-of-the-mill for Seattle-based home services tech company Porch Group , which has been acquiring an array of companies in areas such as home inspections, moving, real estate, and insurance. ” The net impact, he said, is “less dilution and more value for our shareholders.”.

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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. But, Newmark said, it’s difficult to square Oracle’s hyping up of its AI credentials from the reality. “No

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GeekWire Podcast: Microsoft’s big bet on the AI economy, and the risks on the road ahead

GeekWire

(GeekWire File Photo / Todd Bishop) This week on the GeekWire Podcast: Microsoft staked its financial claim in the AI gold rush this week, announcing pricing for its upcoming Microsoft 365 Copilot technology : a whopping $30/user per month on top of its existing license fees. Wall Street loved it. One analyst called it “eye popping.”

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Newly public, Porch makes 4 acquisitions for more than $122M, discloses larger-than-expected loss

GeekWire

Porch Group Photo). Three weeks after its stock market debut, Seattle-based home services technology company Porch Group announced four acquisitions , including an agreement to buy Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding its footprint in the insurance tech market.

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11 ways to reduce your IT costs now

CIO Business Intelligence

The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” Periodic checks on your IT spending can unearth hidden costs you might not be aware of, from unused software licenses to redundant services.

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At a loss for data project ROI? Evaluate it like a product

CIO Business Intelligence

Establishing the net value of data operations. With the help of intern Sarvenaz Rahmati, t’Kint created a process to evaluate the costs that went into creating the Data Intelligence Usage Dashboard, the revenue (both tangible and intangible) that it generates, and ultimately what the dashboard’s net value is.

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Tech Moves: Top Blue Origin engineer joins SpaceX; Axon hires HTC Vive exec; Porch adds to board

GeekWire

Seattle-based home services technology company Porch Group added two new board members : Imagination Capital co-founder and Managing Partner Rachel Lam , and former Aviva plc Group CEO Maurice Tulloch. Prior to joining Convoy in 2018, Kreiner was CEO of Cal Net Technology Group and a managing partner at Olympic Valley Capital.

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