Gigya
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SAP is buying identity management firm Gigya for $350M
SAP, the German enterprise software giant, today announced an acquisition to strengthen its hybris e-commerce division. It has acquired Gigya, a firm that helps online properties manage customer identities and profiles. Terms of the deal have not been disclosed officially, but our sources tell us it is for $350 million. This was the same figure that was reported yesterday when the news leaked… Read More
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Intel Capital Leads $35M Investment In Social Login Service Gigya
Gigya, a company that helps online businesses and publishers manage customer logins, is announcing that it has raised $35 million in a funding round led by Intel Capital. CEO Patrick Salyer told me that this was a strategic investment from Intel. It’s too early to get specific about how the two companies plan to work together, he said, but on a broad level, Salyer argued that the idea… Read More
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