BobWScott

BobWScott

PROCORE CUSTOMERS UP 20 PERCENT

 Procore Technologies ended the second quarter on June 30 with 13,403 organic customers, representing growth of 20-percent year-over-year. The construction software company cut its loss by half as revenue for the most recently ended period as revenue rose by 40-percent over a year ago.

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BLACKBAUD CLOSING DATA CENTERS

 Blackbaud has begun closing data centers as it shifts to third-party centers—AWS and Azure. As the company reported financial results for the second quarter ended June 30, it said the first center closed iuring the quarter.

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PROCORE FINANCING SUBS' SUPPLIES

Procore Technologies is conducting a materials financing program via which it purchases construction materials on behalf of subcontractors. The company this week said the program is designed to alleviate problems faced by subs, who typically must pay suppliers in 30 days but are often themselves paid in 120 days.

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