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SpringCM raises $17.5 million

SpringCM, a sales contract management solution for Salesforce customers, has received $17.5 million in funding. Existing investors Foundation Capital, North Bridge Venture Partners, Bluestem Capital and Square 1 Financial was joined by Panorama Partners and Wellington Financial in the funding round.

[Image courtesy: SpringCM]

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.