News and Analysis

News and Analysis (15646)

BLACKBAUD GETS BUYOUT BID

Blackbaud has received a buyout proposal from Clearlake Capital Group to acquire all its shares.

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AVALARA NAMES PRESIDENT

Avalara has named its CFO, Ross Tennenbaum, to the position of  president. He fills a job left vacant in March 2023 when Amit Mathadras left to become CEO of Nintex, after nearly four years in the Avalara job.

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NUVEI TO GO PRIVATE

Private equity firm Advent International is acquiring payments software company Nuvei at $34 a share. 

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FLOQAST NABS $100 MILLION

FloQast, which makes accounting and finance software for corporate accountants, has raised $100 million in Series E funding.

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EPICOR TOPS $1 BILLION ARR

Epicor says it has surpassed $1 billion in annual recurring revenue.

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XERO PICKS NEW CTO

 Xero has expanded the duties of Diya Jolly, the company’s chief product officer.

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PINE SERVICES NAMES CFO

Pine Services Group, which owns six ERP resellers, has named Tommy Dziedzic as CFO.

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NETGAIN RECEIVES $35 MILLION

 Netgain, which makes software for the Office of the CFO, has received $35 million in funding.

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B’BAUD CEO PAY ROSE 8.8 PERCENT

Compensation for Blackbaud CEO Mike Gianoni was $9.6 million for 2023, an increase of 8.8 percent from $8.82 million for the prior year. 

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IFS PICKS SERVICE MANAGEMENT EXEC

IFS has promoted Merlin Knott to president of the IFS Enterprise Service Management business.

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