News and Analysis

News and Analysis (10178)

BLACKBAUD BUYING ED BIZ FOR $750M

Nonprofit software vendor Blackbaud is buying Washington, D.C.-based Everfi, for $750 million in cash and stock. The deal is expected to add about $120 million to Blackbaud’s 2022 revenue.

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PAYA ACQUIRES VELOCIT

 Payments vendor Paya has acquired Clarkston, Wash.-based VelocIT Business Solutions. Terms were not disclosed.

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VISMA REVS UP 19.5 PERCENT

Visma, which keeps mopping up European software companies, turned in growth of 19.5 percent, for the year ended December 31. Norway-based Visma, which acquired 42 companies last year, has already purchased five companies this year.

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ACUMATICA NEEDS CPA FIRMS

The departure of channel leader Geoff Ashley from Acumatica late last year has triggered some thoughts. What does the cloud software vendor need in its reseller base?

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SAP REVS UP 2 PERCENT IN 2021

SAP revenue rose by 2 percent for the year ended December 31 as the vendor’s numbers continue to show the rapid growth of cloud revenue while license and maintenance revenue fell.  

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ERP VENDOR UNIT4 HIRES CFO

Unit4 has hired Matthew Bagley as CFO, succeeding Gordon Stuart, who held the job from 2018.

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EPICOR BUYS WMS COMPANY

 Epicor has purchased JMO Business Systems, which makes software for the automotive market. Terms were not disclosed.

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SAP NAMES CHANNEL EXEC

SAP has named Beth Walter as ERP channel regional VP.  Walter has responsibility for SAP S/4 HANA Public Cloud, SAP Business ByDesign and SAP Business One.

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IFS ADDS HR HEAD

 IFS, a sister company to Acumatica, has hired Kate Bishop as chief human resources officer. Besides handling standard HR issues, Bishop’s job is “to steer the people strategy to support Merger and Acquisition activities”, the company said in a recent announcement.

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RSM: REMOTE WORK IMPACT MINOR

The majority of firms that previously have not previously offered remote work says it has had little or no impact on productivity. That was the finding of the recently released RSM US Middle Market Business Index (MMBI) Back to Work Special Report,  

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