Enterprise Tech Central

Safra Catz, Mule, Okta, and Who Else Rocked It In Enterprise Tech This Week

The surprise story of the week came from Oracle CEO Safra Catz when she showed that Oracle is more than delivering on its cloud plan, with a knockout 3rd quarter. She said that Oracle’s cloud sales were up 62 percent, higher than expected (granted from a much smaller base than AWS). Let’s see if they can keep it up. When I attended at Oracle OpenWorld just six months ago, I heard lots of skepticism about Oracle’s ability to take on Amazon in the cloud wars. With Amazon’s recent stumble with the S3 outage and Oracle’s early execution, Amazon looks vulnerable, at least for now.

But really, this past week in enterprise tech can be summed up in three letters: I-P-O.

Okta CEO Todd McKinnon and CMO Ryan Carlson announced that the company has filed to go public. Okta first started in the SSO (single sign-on) software market and has since significantly widened its product offerings. Okta competes with CA, IBM, Microsoft, Oracle and Symantec, and RSA on the authentication side. For instance, see Okta vs CA SSO. Okta is ranked #3 in our crowdsourced list of best SSO software. Additionally, Okta competes with Citrix and VMware on the mobility management side.

Alteryx CEO Dean Stoecker announced that Alteryx, a fast growing SaaS player in the analytics market, has filed for a $75M IPO. Alteryx is a Microsoft Excel killer that competes with IBM, Microsoft, Oracle, SAP, SAS, TIBCO and MicroStrategy. Based on Alteryx reviews from the IT Central Station community, the product has a 4.3 star rating out of five stars.

The IPO hat trick was topped off with the long-awaited IPO of Mulesoft which popped 46% on its first day. Congrats to Mulesoft CEO Greg Schott, and Mulesoft founder Ross Mason for building a great company. Mulesoft is in the unsexy but lucrative API management software market and competes with TIBCO, IBM, Oracle, CA, Apigee, SnapLogic. TIBCO and Apigee are more pure-play competitors — TIBCO was acquired by Vista Equity in 2014 for $4.3B and Google acquired Apigee for $625M in 2016. (See Mulesoft vs Apigee.) In a recent Mulesoft review, an IT Central Station member wrote about his experience comparing Mulesoft with Apache Camel and TIBCO. He writes that “TIBCO was much more expensive than Mulesoft and not so easy to configure. Apache Camel lacked of web management console.”

On the flip side, Citrix CEO Kirill Tatarinovis looking to sell the company and has retained Goldman Sachs to assist in the process. Citrix is not growing like those IPO rockets, but it has some rock solid technology as it is ranked #3 in the desktop virtualization software market and ranked #2 in application delivery controller (ADC) vendors.

Russell Rothstein

I'm the co-founder and CEO of IT Central Station, leading our talented team here as we change the way enterprises buy technology. Follow me on twitter. [12K+ followers]

Add comment

Contact Us

Find out more about IT Central Station

Connect with Us