News and Analysis

News and Analysis (9970)

SOVOS ACQUIRES CHILE-BASED BIZ

Sovos, which makes indirect tax software, has acquired Chile-based Acepta. Acepta markets e-invoicing, e-receipts, e-documents and digital certificate products in Chile, Peru and Colombia.

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VENA RAISES $244 MILLION

 Vena has raised about $244 million ($300 million Canadian) in Series C funding. The Toronto, Ont-based company said it will use the proceeds to accelerate growth.

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ECI DEBUTS CLOUD-BASED JOBBOSS

ECI Software Solutions has introduced JobBoss², which the company says will be its go-forward cloud project for job shop and make-to-order manufacturers. The new product combines features from E2 Shop, which was part of ECI’s acquisition of Shoptech in the fourth quarter of last year, with JobBoss.

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SAGE ACCOUNTANT PROGRAM VP LEAVES

Stone Koffi de Souza, who headed Sage’s accountant program for two years, has become COO of EverCommerce. De Souza was with Sage from November 2017 through this month.

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BLACKBAUD EXEC PAY TRIMMED IN 2020

Compensation for five named executives at Blackbaud dropped by amounts ranging from 11.3 percent to 15.4 percent for 2020. That came as none received non-equity incentive compensation for last year and stock awards dropped.

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SEIDOR REPEATS AS TOP B1 RESELLER

Seidor has won the SAP Pinnacle award for the third consecutive year. And it was largely a story of the big or bigger as Seidor’s 2020 revenue was reported as about $530 million a year ago.

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MOVING TOWARDS HYBRID WORK

The mid-market reselling business will not stay at nearly 100-percent remote work. But nor with ill return to level of  pre-pandemic office-based workers.

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BLACKBAUD: PANDEMIC LIMITED REVENUE

A shortfall in bookings at the start of the pandemic in 2020 has held down revenue grown this year for Blackbaud. The nonprofit software vendor lost $164,000 in the first quarter ended March 31, compared to net income of $1.6 million a year ago.

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LOWER OPTIONS CUT AVALARA EXEC PAY

 Lower option awards cause a drop for three named executives at sales tax company Avalara in 2020. As a result, compensation for CEO Scott McFarlane fell to $9.2 million last year, off 16.2 percent from slightly less than $11 million in 2019.

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CLOUD PUSHES VISMA RESULTS 

 A 33.4-percent increase cloud subscriptions and transactions led Norway-based Visma to an 18 percent-rise in revenue for the first quarter ended March 31. Cloud revenue hit approximately $309.7 million in the most recently ended period.

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