News and Analysis

News and Analysis (9854)

ROOTSTOCK PICKS TWO VPS

Rootstock Software has hired one VP and promoted another. The ERP software company this week said it had hired Zach Feige as VP of professional services.

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GOODBYE TO 2021 SPRING EVENTS?

There was optimism last year when companies scheduled conferences for Spring 2021. Given the state of the COVID-19 pandemic, it seems more likely anything scheduled for the first half of the year will not be held on[ premise.

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INSIGHTSOFTWARE BUYS CETENT

Insightsoftware has acquired Cetent, which makes SaaS products for financial disclosure management and equity management. Terms were not disclosed.

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REPAY RAISING $402.5 MILLION

Repay Holdings, which has been acquiring payments companies, is raising $402.5 million in a combination of shares and debt under a shelf offering. The company has made an offering of $130 million in shares of its Class A stock and $350 million in convertible senior notes due 2026.

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SILVERSUN PICKS NEW CFO

SilverSun Technologies, parent of reseller SWK Technologies, has named Joseph Macaluso, a member of its board of directors, as its new CFO. Macauluso simultaneously resigned the position he had held on the board since January 2015.

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AVIDXCHANGE BUYS TIMBERSCAN MAKER

AvidXchange has acquired Core Associates, which makes TimberScan, which automates payments for the construction market. Terms were not disclosed.

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NET AT WORK SELLS SWYPE

Fortis Payment Systems has acquired the Swype at Work payment processing system from the owners of  a sister company, Net at Work. Terms were not disclosed.

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HG INVESTS IN PROPHIX

Technology investor HG has taken a majority stake in Prophix. The amount of the investment was not disclosed.

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NEXLAN SIGNS WITH ACUMATICA

NexLan, the largest reseller for AccountMate, has taken on Acumatica. It is the first time the Danville, Ill.-based VAR has sold another line.

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COLUMBUS SELLS PRIVATE CLOUD BIZ

Columbus, which is the middle of retooling its operations, has sold its Private Cloud business to Atea. That deal this week follows the late December announcement of plans to sell its To-Increase software operations to Gilde Buy-Out Partners and the To-Increase management.

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