Somerset CPAs, a firm based in Indianapolis, Ind., has started an Acumatica business. The new affiliated organization, Somerset Technology Solutions was formed through the acquisition of the Acumatica practice of Dataquest Solutions. 

Microsoft has debuted the far-reaching  Microsoft Cloud for Manufacturing, a broad product stack that spans the functions needed to run factories. The stack is described is included released products and new capabilities. The stack encompasses  Azure, Dynamics 365, HoloLens2, Microsoft 365, Teams, power platform, autonomous systems with AI and Microsoft Cloud for Sustainability. Microsoft pictures the platform as enabling businesses to create the “Agile factory of the future”.  Microsoft says companies can grow with the modular architecture of Cloud for Manufacturing, so they won’t need to completely rip and replace to together systems to run factories.

Expensify has raised about $65.5 million in proceeds an initial public offering this week. The total offering was for 11,190,392 at $27 per share but only 2,608,696 shares were offered by the company with the rest sold by shareholders.