News and Analysis

News and Analysis (9933)

CEGID TO BUY TALENTSOFT

Cegid, whose products include retail POS systems, plans to buy Talentsoft. Headed by former Sage executive, CEO Pascal Houillon, Cegid will have annual revenue of about $715 million when the deal is completed.

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NETSUITE STEPPED BACK FROM UP-MARKET

As NetSuite has become more integrated with its Oracle parent, NetSuite unit has taken a turn away from the top of the market to focus on the mid-market and smaller organizations. And NetSuite is going to get a larger dose of Oracle architecture with the development of the Oracle Redwood design system.

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INSIGHT BUYS LOGI ANALYTICS

Insightsoftware has continued on its acquisitive path with the purchase of Logi Analytics. Terms were not disclosed. Based in McLean, Va.,  Logi provides embedded analytics products for software companies.

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QUISITIVE CLOSES $50M FUNDING

Quisitive Technology Solutions, a Dynamics reseller based in Canada, has closed about $50 million in financing. Proceeds from a Subscription Rights Offering and Concurrent Private Placement are expected to be used in the Quisitive of BankCard USA Merchant Services.

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INTACCT’S REID EXITS SAGE

Robert Reid, who came to Sage by its purchase of Intacct, has ended his tenure with the company. Reid retired, ending his career with the software company as chairman of the mid-market solutions group from May 2019 through this month.

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EMS CHANGING HATS AT RSM

Steve Ems is moving  into a new position after 10 years as national leader for the business applications practice at RSM US. He has become principal and national merger and acquisitions leader for consulting at the firm.

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THORNTON LEAVING JMT CONSULTING

Tom Thornton, COO for JMT Consulting Group, is leaving the company. In a LinkedIn post, Thornton said he is moving to a company in the same market, which he did not name.

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AR BIZ HIGHRADIUS RAISED $300 MILLION

HighRadius which markets AI-based AR and treasury applications, has raised $300 million in Series C funding. The SaaS company said the business is valued at $3.1 billion. The company said this week the proceeds will be used in product development and expanding its go-to-market efforts globally.

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SAGE GRABS AI SAAS START-UP

Sage has acquired Task Sheriff, an AI-based SaaS start-up based in Tel Aviv, Israel. Terms were not disclosed.

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AUDITORIA RAISES $15.5. MILLION

Auditoria, which makes software for corporate finance teams, has raised $15.5 million in Series A funding. The intended use of proceeds include continuing to develop applications, Auditoria Workflow Platform and Auditoria Workflow Skills utilizing artificial intelligence and natural language processing.

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