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Nortel 920-167 : Contact Center RIS.6.0 Application Developer Exam

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Exam Number : 920-167
Exam Name : Contact Center RIS.6.0 Application Developer
Vendor Name : Nortel
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Nortel Developer real questions

The CEO of common developer web site Stack Overflow explains how getting bought for $1.8 billion will assist it "take issues up a notch" | 920-167 PDF Questions and Question Bank

the eu tech investor Prosus is acquiring developer Q&A web page Stack Overflow for $1.eight billion.

Prosus is Tencent's biggest shareholder and has invested in different edtech groups like Codecademy.

Stack Overflow plans to extend internationally and build its advertising and subscription business.

See greater reports on Insider's company page.

The well-known developer Q&A web site Stack Overflow is getting got by way of the ecu tech investor Prosus for $1.8 billion and its CEO says the move will help it expand the influence of its world community.

Stack Overflow, which was situated in 2008, says it has over a hundred million monthly users who consult with to ask and reply questions about coding and different technical advantage. The deal will close by the third quarter of 2021, and even after the acquisition, the enterprise will proceed operating independently.

Prosus, optimum time-honored for being the greatest shareholder in Tencent, has additionally invested in edtech businesses a little corresponding to Stack Overflow, like Codecademy and Udemy.

"we've been in reality impressed with their true affinity to create precise companies that focus on communities," Stack Overflow CEO Prashanth Chandrasekar advised Insider. "they're all about empowering and enriching communities globally, which is awfully a great deal how we think about our world. They deliver a huge volume of potential."

He stated that Stack Overflow saw its largest-ever year of growth in 2020, expanding its standard month-to-month signal-u.s.from one hundred fifty,000 per thirty days in 2019 to 200,000 per 30 days in 2020. however, it additionally laid off 15% of its personnel, or forty personnel, closing might also, citing the impact of the coronavirus pandemic on its company.

The company is constructing itself returned up although: It now has about 300 workers and plans to add a hundred greater people over the subsequent year. It additionally plans to continue to extend its neighborhood, its advertising enterprise, and its software-as-a-provider (SaaS) enterprise for promoting Stack Overflow for groups, a platform for organizations where their employees can ask and answer questions internally.

"[Prosus's] focal point on office gaining knowledge of and collaboration is an exquisite intersection with what we do with our SaaS items," Chandrasekar mentioned.

The enterprise had up to now raised a total of $155 million at a $685 million valuation, in accordance with PitchBook, that means that it offered at greater than double or not it's most fresh valuation.

Stack Overflow cofounder Jeff Atwood tweeted that the deal minted 61 new millionaires. Chandrasekar declined to remark notably on that quantity but noted it was a "very positive experience for individuals who are traders or shareholders."

Stack Overflow plans to expand internationally below Prosus

since 87% of Stack Overflow for groups company comes from the us, it sees an immense possibility in expanding internationally with Prosus, primarily into "rising developer communities," Chandrasekar noted.

Prosus has "very deep operational and investment chops to be capable of do this at scale," he brought.

"The enterprise has been on an attractive experience," Larry Illg, CEO of edtech and on-line meals delivery at Prosus, advised Insider. "we have admired them for a very long time. we now have a bunch of exposure to commercial enterprise agencies and particularly ones that are tied to schooling. We appreciate the volume of traffic and the deep ties that they have got within the developer workflow."

Larry Illg, CEO of on-line food start and edtech at Prosus Prosus

Stack Overflow wasn't "running any kind of sale method," but a few corporations — including Prosus — had lately approached Stack Overflow to invest in it, Chandrasekar noted. The enterprise idea an acquisition by means of Prosus would be a fine possibility since it can nonetheless function independently, retain its management the equal, and steer clear of any reorganizations, he observed.

"Nothing is in fact altering," Chandrasekar observed. "these days we're lower back to work in realizing our mission. it's a good milestone however only the beginning of extraordinary things to return and making an even bigger impact on earth."

Stack Overflow is growing to be its advertising and teams enterprise

Stack Overflow's promoting unit and Stack Overflow for groups have both develop into "hypergrowth organizations," Chandrasekar pointed out.

The center of attention on faraway work has created a enhanced want for distinct forms of collaboration platform. whereas platforms like Slack, Zoom, and Microsoft groups enable individuals to collaborate in true-time, Stack Overflow for teams adds price via allowing individuals to collaborate asynchronously. presently, Stack Overflow for groups has 90,000 shoppers, together with essential assurance business Liberty Mutual.

"All of that permits our future increase as usage increases," Chandrasekar noted. "We're seeing positive tail winds from the pandemic."

Illg expects that Stack Overflow's reach will at last extend past developers. for instance, different experts in areas like finance may additionally more and more want access to platforms like Stack Overflow to ask and answer technical questions as companies develop into extra digital.

"It in fact fits with loads of the things which are in response to the business's personal mission," Illg talked about, "And the things that we do well, considering we have so tons publicity to schooling."

whereas Stack Overflow's advertising arm used to focus on job listings, it pivoted towards greater prevalent methods of letting businesses promote their company right through the pandemic. in view that Stack Overflow reaches an audience that is clearly drawn to expertise, corporations need to put their funds to work on the website, Chandrasekar noted. as an instance, important enterprises like Twilio have marketed on the website.

"Our reach and relevance team has been on fireplace," Chandrasekar spoke of. "It continues to actually expand and penetrate the entire massive agencies."

acquired a tip? Contact this reporter by way of electronic mail at rmchan@insider.com, sign at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches through email best, please.) different forms of secure messaging attainable upon request.

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