Alert Logic Surpasses $100 Million in Annualized Revenue

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Houston, TX – April 20, 2016 — Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service solutions for the cloud, today announced its Q1 2016 results. The company recorded $23.7 million in GAAP revenues for the quarter ending March 31, 2016, representing 31 percent year-over-year growth over Q1 2015, and achieved total contracted recurring revenue exceeding a $103 million annualized run-rate. Additionally, the company now has

more than 3,800 customers using its Security-as-a-Service solutions to protect their cloud, hybrid or on-premises IT infrastructure.

“Achieving $100 million in annualized run-rate is a significant milestone for a cybersecurity company,” said Gray Hall, CEO of Alert Logic. “This is undeniable evidence of strong cloud adoption and customer validation of our strategic approach to cybersecurity – combining market-leading technologies with 24×7 security monitoring and cloud deployability to secure business critical IT infrastructures.”

Alert Logic Reports Q4 2015 Results

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Houston, TX – January 27, 2016 — Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, today announced that 2015 marked another year of record results. The company recorded $81 million in GAAP revenues for the fiscal year ending December 31, 2015, representing 40 percent growth over 2014. Alert Logic’s total recurring revenue under contract in the month of December exceeded a $98 million annualized run-rate, and the company now has more than 3,600 customers using its Security-as-a-Service solutions to protect their IT infrastructure running in any data center environment, including public cloud, hosting and on-premises data centers.

Gladwin’s $1.3 billion Cleversafe win could change the face of Chicago tech

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Chris Gladwin has been swimming with sea turtles in the Bahamas. That’s what you do to unwind after you sell your tech company for $1.3 billion.

Gladwin, 52, was volunteering on a research project that involved actually chasing the critters down in the water—no particular sweat for an endurance athlete whose hobbies include orienteering races that can take a few hours or a few days.

The trip to count sea turtles was no accidental adventure. Gladwin did a similar trip to recharge his batteries after selling his last startup, MusicNow, a subscription digital music service.

Start-Ups Aim at Overlooked Demographic: The Unbanked

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Last summer Jimmy Chen walked the streets of San Francisco trying to do simple financial transactions without a bank account, a task millions of Americans face.

It cost him $4 to cash a $20 personal check and $5 to send $30 to a relative — activities that would have been free with a bank account. When he needed to retrieve a money transfer, the process of verifying his identity took so long he almost gave up.

Ally Financial Announces Acquisition of TradeKing Group

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DETROIT, April 5, 2016 — Ally Financial Inc. (NYSE: ALLY) today announced that it has signed an agreement to acquire TradeKing Group, Inc., a digital wealth management company. The transaction is expected to close in the third quarter and includes an online broker/dealer, a digital portfolio management platform, and educational content and social collaboration channels. The transaction is subject to regulatory approval from the Financial Industry Regulatory Authority (FINRA) and compliance with the Hart-Scott-Rodino Antitrust Improvements Act, as well as satisfaction of other customary closing conditions.

“The addition of wealth management is the next key step in Ally’s digital product evolution and will create a powerful combination of segment-leading direct banking and innovative investment services in a single integrated customer experience,” said Ally Chief Executive Officer Jeffrey Brown. “This transaction presents a compelling opportunity for customers and a logical growth opportunity for Ally.”