Press Room

The Wall Street Journal: The Daily Start-Up: Home Depot Buys Red Beacon In Newest Project

January 23rd, 2012

January 23, 2012—- In its first acquisition since 2006, Home Depot has acquired home services specialist Red Beacon, which has a software platform that lets pre-screened home service professionals–plumbers, painters, house cleaners and so on–bid for jobs. Home Depot will use Red Beacon to connect its own customers, which include both consumers and professionals.

The race to supply companies with the software they need to build an Amazon-style cloud service is heating up, with $85 million in new funding for Joyent. The company is one of a half dozen or so venture-backed companies selling software that enables companies to set up a cloud computing service. Read more