This Week in Small Business Tech: Yahoo and NetSuite Are Sold, And A Tech Firm Guarantee? Really?


(This post originally appeared on Forbes)

Here are five things in technology that happened this past week and how they affect your business. Did you miss them?

1 – Verizon purchases Yahoo’s core Internet business.

Verizon buys up Yahoo for close to $5 billion which, according to this report, is part of the company’s “bold digital strategy to leverage its wireless and fiber networks by acquiring content assets and monetizing them through advertising.”

Why this is important for your business:

Many small businesses use Yahoo for advertising and e-commerce. And many more rely on Verizon as their wireless provider. My prediction is that Verizon will leverage Yahoo’s existing audience (which includes Millennials using Tumblr as well as readers of the Huffington Post and TechCrunch), expand content and offer even more services to small businesses that will bundle web and wireless services. If you’re a Yahoo advertiser or use their tools, I wouldn’t change course.

2 – Oracle acquires Netsuite.

The $9.3 billion deal reunites Netsuite’s CEO Zach Nelson and with Larry Ellison and gives Oracle (an original investor) an entryway into cloud-based accounting and CRM for the SMB market.
Why this is important for your business:

NetSuite has been doing cloud-based accounting since the days of dial-up. I have many clients who use the service and love it. NetSuite, which is pricier than many other cloud-based apps, is targeted mostly at medium-sized companies that require advanced ERP functionality (order processing, purchase order, warehouse management, etc.) in a cloud-based solution. With Oracle’s backing, NetSuite will have the ability to expand their offerings. This is a win for NetSuite customers and should make the application more appealing to other SMBs in the years to come.

3 – A new password tool may be very popular for your employees.

A popular password management utility called Dashlane has unveiled a new mobile tool, called “Spaces,” that will allow employees to switch access between personal and workplace passwords on the go.

Why this is important for your business:

Although first geared to larger enterprises, this tool looks like something every business could use. The software, according to the above report, “also includes a learning algorithm that analyzes new web pages, offers auto-login and auto-fill functionality, and password generation features…Plus, the software lets I.T. enforce that passwords are changed regularly, which can help make accounts less vulnerable to hacks.” If it becomes popular at the enterprise level, look for future versions to reach the small business market.

4 – Zagat gets a facelift.

From Engadget: “Zagat is getting its biggest upgrade yet on the iPhone, and it’s good enough to make it your primary solution for discovering new places to eat. The app is now smart enough to recommend restaurants based on your location, as well as the time of day. That location awareness is a big part of what makes Foursquare’s recommendations useful, and it’s nice to see it finally show up in Zagat (albeit surprisingly late).”
Why this is important for your business:

If you run a restaurant, this is important to follow. Some say the new app combines the best of Yelp and Foursquare and if this is true – and it becomes popular – you will need to revisit this service and make sure you’re rated highly.

5 – A cybersecurity firm is offering a “money-back” ransomware guarantee.

SentinelOne is so confident in its machine learning technology that it’s offering a cyber threat protection guarantee program for up to $1 million per company.

Why this is important for your business:

Wait…what? A technology firm that is guaranteeing its technology? What is this blasphemy? I’m used to software companies admitting there are bugs, then charging customers “maintenance” to fix the flaws that were there in the first place. Good for you, SentinelOne, and I hope many others in the tech industry follow your example!


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