News and Analysis

News and Analysis (10079)

THOMA BRAVO BUYING QAD FOR $2B

 Private equity firm Thoma Bravo will take QAD private in a $2 billion deal. QAD shareholders will receive $87.50 per share in cash, which was a premium of about 20 percent over the last close before the announcement.

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ROCKWELL BUYS PLEX FOR $2.22B

Rockwell Automation is buying Plex Systems for $2.22 billion in cash. Plex reportedly has $150 million in revenue.

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UNIT4 SPINS OUT STUDENT BIZ

 Unit4 is spinning out its student information system business. The software company said the new business, called Thesis, will continue to be owned by Advent International.

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INFOR OFFERS LICENSE DEAL

Infor is offering a limited-time promotion that enables customers to receive a subscription for three free user licenses of Infor CloudSuite Distribution. The Three for Free deal is available to SMBs in North America that are not already Infor ERP Customers.

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WJ  TECHNOLOGIES TOP UNANET VAR

WJ Technologies has been named as Unanet’s reseller partner of the year. The Herndon, Va.-based VAR, which serves government contractors, also carries software from Deltek and Jamis.

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FFORCE PLEDGES CHANNEL SUPPORT

FinancialForce will continue to emphasize its development of channel sales, CEO Scott Brown said this month. The company is developing partner curriculums and partner certification to support the effort.

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FINANCIALFORCE MOVING TOWARD IPO?

FinanancialForce this month signaled that it is ramping up plans for a potential initial public offering. First, CEO Scott Brown, who took over his job and the PSA and ERP vendor in November, referred to fundraising without providing details, and made comments that suggest an interest in an IPO..

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REPAY BUYS KONTROL PAYABLES

 Payments services provider Repay Holdings has acquired Kontrol Payables for up to $11 million in cash. Kontrol provides AP services in markets that include construction, food production, software, manufacturing and education.

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NANCY HARRIS LEAVING SAGE

Nancy Harris is leaving Sage America after five years as managing director of the operation on ths continent. She will remain with the company until a successor is named.

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CLOUD AT WORK LAUNCHES FUND

Cloud at Work, an affiliate of reseller Net at Work, has launched  a Partner Development Fund. The three-year-old organization is making $1.5 million available to  users to spend with their Sage Business Partner of Record after they chose Cloud at Work to host their applications.

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