WeWork is in advanced talks to sell Managed by Q, a workplace management startup that it bought in April for $190 million but is likely to sell for a small fraction of that, people familiar with the matter said. The process is pitting a Managed by Q competitor against the startup’s cofounder. One primary bidder is Eden, a startup backed by Redpoint Ventures and Bessemer Venture Partners that...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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