IBM Instana is a fully automated application performance management (APM) solution, available to customers as a fully managed software as a service (SaaS) solution on AWS. These microservices applications are deployed across multiple AWS services, and customers are looking for comprehensive observability solutions that can help them effectively monitor and manage the performance of their applications in real-time. They started the day worth around $23, and traded as high as the mid $27s.Customers are adopting microservices architecture to build innovative and scalable applications on Amazon Web Services (AWS).

Slack shares are currently worth $24.56 in after-hours trading. When Slack finally did begin to float in after-hours trading, it quickly gave back about half of its gains. Slack is not updating its financial guidance for the fourth quarter of the fiscal year ended Januor for the fiscal year ended January 31, 2020.Īlso this happened, but the day’s events appear to be mostly a lot of whatnot that wound up being not what we thought. IBM has been Slack’s largest customer for several years and has expanded its usage of Slack over that time. The company itself put a final bit of ironmongery in the human plasticware, saying the following in the filing to tamp down the market’s enthusiasm: This meant that IBM was not a new customer, and that the headline 350,000 employee figure would not manifest itself in that many novel seats of Slack sold.

Later, Slack released an SEC filing, which included the fact that IBM was already one of its customers. Public firms don’t hold for news much, as it’s no good and no fun. Halting a stock, to be clear, is a big deal, and instantly brings attention to the company in question. Had Google bought Slack? Had Slack bought a small poodle? Was IBM not a Slack customer? It wasn’t clear.

This led to general chaos, with everyone trying to figure out what had happened. SaaS kicks off 2020 with an extra billion in VC funding as round count halves

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