News and Analysis

News and Analysis (9970)

IFS BUYS AXIOS SYSTEMS

IFS, a sister company to Acumatica, has signed an agreement to acquire Axios Systems, which makes cloud-based Enterprise Service Management software. The deal is expected to be completed this quarter.

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BEANWORKS TO SELL FOR 10X REVS

Beanworks, which markets SaaS AP software, is being acquired by Quadient. The follows last year’s purchase of AR software vendor YayPay.

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CONFERENCES COMING BACK

In-person events are back on the schedule. Acumatica, Epicor and NetSuite are planning on conferences in Las Vegas this year. On the tax and accounting side, Thomson Reuters has set its annual Synergy conference for Nashville, Tenn., in early November.

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EDWARDS JOINS VELOSIO

 Jeff Edwards, who just left a job heading the channel program at FinancialForce, has joined reseller Velosio as an SVP. Edwards' LinkedIn profile says he is leading the Stratos Cloud Alliance team and program, an indirect CSP partner. 

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UNIT4 CHANGING OWNERS

 Netherlands-based Unit4 is being sold from one investment firm to another for about $2 billion.. Majority shareholder Advent International is selling its stake to private equity firm, TA Associates, which will take the majority ownership.

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FAYE TOPS SUGARCRM CHANNEL

Faye Business Systems Group has been named as the Americas Reseller of the Year by SugarCRM for 2020.  The company also carries Salesforce, Zendesk and Sage 100.

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PAYA RAISING ABOUT $126.6 MILLION

Paya Holdings, which has grown from the operations for the former Sage Payments, expects to raise about $126.6 million from the sale of 10 million shares. This is the payments company’s first public offering as it went public last fall with its merger with FinTech Acquisition Corp. III, a special purpose acquisition company.

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CHANNEL VP EDWARDS LEAVES FFORCE 

Jeff Edwards has left his job as VP of global channels for FinancialForce. Edwards made the announcement this week in a post to LinkedIn, indicating he is leaving for a new position.

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INSIGHTSOFTWARE NAMES REGION GMS

Insightsoftware has named two general managers to regions that cover the eastern hemisphere. The analytical software company noted the naming of Dafydd Lewellyn as GM of EMEA,, follows its purchase of three companies in Europe this year.

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PROCORE NAMES DIVERSITY VP

Procore Technologies has hired Sandy Hoffman as VP of diversity, inclusion and belonging. Besides creating programs in that area at her company, Hoffman will also work to create a more inclusive and diverse construction industry.

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