Ibotta: how a cash-back app became a digital promotions network
Ibotta grew from a 2012 cash-back app into the Ibotta Performance Network, a digital promotions platform reaching consumers through retailer publishers.
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Rimini Street: how third-party software support became a broader enterprise services business
Rimini Street grew from independent enterprise software support into managed services and automation, while a 2025 Oracle settlement reshaped part of the business.
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Hippo Holdings: how a home-insurance startup became a multi-line insurance platform
Hippo evolved from a digital homeowners insurer into a multi-line carrier platform spanning homeowners, casualty, commercial insurance and programme business.
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Nazara Technologies: how a mobile gaming pioneer became a global games portfolio
Nazara Technologies grew from early Indian mobile gaming into a listed portfolio spanning games, esports, children’s entertainment, media and global publishing.
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Quadient: how a century-old mail business is turning into a digital automation company
Quadient evolved from Neopost’s mailroom technology into digital communications, finance automation and parcel lockers, with software moving to the centre of the group.
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Pearl Abyss: how Black Desert built the studio that launched Crimson Desert
Pearl Abyss grew around Black Desert, acquired CCP Games and spent years building new engine technology before Crimson Desert became a major 2026 hit.
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MIXI: how a social network found a second life in games and a third in sports
MIXI evolved from online recruitment and Japan’s mixi social network into Monster Strike, then broadened again into sports, family services and consumer entertainment.
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GBG: how phone books and address lookup became digital identity infrastructure
GBG grew from phone-number and address-data businesses founded in 1989 into a global identity, fraud and location technology group built around GBG Go and Loqate.
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DeNA: from online auctions and Mobage to Pokémon TCG Pocket and a new CEO era
DeNA evolved from the Bidders auction site into Mobage, mobile games, sports and live communities, with Pokémon TCG Pocket powering a fresh growth cycle by 2026.
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SAKURA Internet: how student web hosting became Japan’s sovereign cloud and AI infrastructure
SAKURA Internet grew from a 1996 student hosting venture into a Japanese cloud and data-centre operator now supplying Government Cloud and GPU infrastructure.
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