Oracle Corp. Chief Executive Officer Larry Ellison, whose sailing team is trailing Emirates Team New Zealand in the America’s Cup yacht race, is also facing headwinds in cloud-computing and business applications.
Egnyte Inc., the file-sharing service provider backed by venture-capital investors including Google Inc., is seeking about $25 million in a new round of funding en route to a 2015 initial public offering.
AppDynamics Inc. founder Jyoti Bansal left CA Inc. five years ago to develop competitive software for businesses to monitor their applications. Now his startup is approaching $100 million in annual revenue and is setting the stage for an initial public offering.
Adobe Systems Inc. shares rose to a record after the largest maker of graphic-design tools said it amassed more than 1 million online-service customers amid a shift away from software installed on personal computers.