News and Analysis (15646)
VERTEX ACQUIRES E-INVOICING BIZ
- Sunday, 11 August 2024
- News and Analysis
- Written by BobWScott
Vertex, which makes indirect tax software titles, has acquired Ecosio, which makes EDI and e-invoicing products.
IFS LIMITS FINANCIAL DETAIL
- Thursday, 08 August 2024
- News and Analysis
- Written by BobWScott
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.
PROCORE TO TOP $1 BILLION
- Wednesday, 07 August 2024
- News and Analysis
- Written by BobWScott
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.
PHELAN TAKES VERSAPAY JOB
- Tuesday, 06 August 2024
- News and Analysis
- Written by BobWScott
Channel veteran Tim Phelan has become director of channel sales for VersaPay. His LinkedIn profile shows he took the job with the payments software company last month.
CHERRY BEKAERT BUYS KERR
- Tuesday, 06 August 2024
- News and Analysis
- Written by BobWScott
Accounting firm Cherry Bekaert has acquired Kerr Consulting, a Woodlands, Texas-based Sage reseller in a busy year for M&A activity in the ERP VAR market. Terms were not disclosed for Kerr, which was a portfolio company of Proviso Capital.
BENMALEK JOINS CONNECTWISE
- Tuesday, 06 August 2024
- News and Analysis
- Written by BobWScott
Aziz Benmalek, who was president of the Sage Group, has joined ConnectWise as chief business officer. Benmalek joined the company last month.
AVIDX REBOUNDS TO PROFIT
- Monday, 05 August 2024
- News and Analysis
- Written by BobWScott
AvidXchange rebounded to a profit of $436,000 for the second quarter ended June 30, compared to a loss of $18.8 million a year ago.
DYNAMICS REVS UP 16 PERCENT
- Monday, 05 August 2024
- News and Analysis
- Written by BobWScott
Microsoft reported Dynamics revenue for the year ended grew by 16 percent over fiscal 2023 levels with Dynamics 365 up by 19 percent year over year.
ACUMATICA PICKS TOP ENGINEER
- Monday, 05 August 2024
- News and Analysis
- Written by BobWScott
Acumatica has hired Miten Mehta as its first chief engineering officer.
BLACKBAUD COULD SELL EVERFI
- Monday, 05 August 2024
- News and Analysis
- Written by BobWScott
Blackbaud is continuing what to do with EverFi, which it acquired in January 2022 for about $750 million in cash and stock. Steps considered by Blackbaud, whose CEO Michael Gianoni described Everfi as a “drag on revenue”, include divestiture.
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