News and Analysis

News and Analysis (15709)

REVS OFF FOR SLIMMER QUISITIVE

 Revenue from continuing operations dropped by two percent for the second quarter ended June 30 for Canadian reseller Quisitive Technology Solutions.

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XERO NARROWING FOCUS

 Xero is concentrating on key areas of the business, Diya Jolly chief product and technology officer said at the company’s recent Xerocon conference. She said the cloud software company will concentrate on core accounting, payroll and payments.

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DEAL DENTS SWK PARENT RESULTS

 The deal that has seen more than $4  billion invested in QXO, formerly known as SilverSun Technologies, pushed the company to a $591,000 loss for the second quarter ended June 30.

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EX-SAGER MONDAY JOINS DELTEK

 Marc Monday, who formerly headed the Sage channel, has been hired as VP of global partners and alliances at. Deltek. 

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ALITHYA REVS DOWN

 Alithya cut its net loss significantly, but revenue was down 8.1 percent for the first quarter ended June 30.

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ADVENT BUYING SYSPRO

Private equity investor Advent International has agreed to buy Syspro. Terms were not disclosed.

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TWO SAP EXECS LEAVING

Two top executives of software giant SAP are leaving the company at the end of the month with their jobs being merged.

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VERTEX ACQUIRES E-INVOICING BIZ

 

Vertex, which makes indirect tax software titles, has acquired Ecosio, which makes EDI and e-invoicing products.

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IFS LIMITS FINANCIAL DETAIL

 IFS said its annual recurring revenue reached $927 million for the half ended June 30, up 24 percent year-over-year from the first half of 2023. But the privately held ERP vendor gave out no additional revenue details while in prior periods.

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PROCORE TO TOP $1 BILLION

Procore Technologies expects to top $1 billion in revenue for the year ending December 31. The company noted its 2024 guidance in its recent earnings webcast for the second quarter ended June 30.

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