News and Analysis

News and Analysis (15671)

FFORCE PARTNERS WITH GAINSIGHT

FinancialForce has entered a partnership with Gainsight and will integrate with data network provider Plaid. Gainsight, which bills itself as a customer success platform, helps companies with issue such as reducing customer churn.

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RESELLER QUISITIVE RAISING $8  MILLION

Quisitive Technology Solutions is raising about $8 million (U.S.) in a sale of securities to a group of Canadian underwriters. The Toronto, Ont.-based company expects the deal will close this week.

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UNDERWATER DATACENTER AIDS IN VACCINE SEARCH

An underwater Microsoft data center is being used to process global information to understand the viral proteins that cause COVID-19. The experimental facility is also being used to perform tasks for big science research in understanding climate chain, mapping cancer markers and fighting infectious disease.

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WRITEDOWN ADDS TO ALITHYA LOSS

An impairment charge of about $20.7 million contributed to a more than three-times increase in loss for Dynamics reseller Alithya for the year ended March 31. Paul Raymond, CEO of the Montreal, Que.-based company said this week the impact of the COVID-19 virus caused executives to look at intangibles and good will, including the reduction in the value of American trade names.

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BDO: PANDEMIC BOOSTS NFP TECH SPENDING

A majority of nonprofit organizations surveyed by BDO USA say the COVID-19 outbreak has spurred plans for technology spending. Sixty-four percent of 200 leaders surveyed in the Nonprofit Standards benchmarking service say they will invest in new products this year.

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NETSUITE INTROS COMMUNITY EXCHANGE

Oracle NetSuite has introduced a new Community Exchange marketplace this week. Designed to bring together suppliers and customers for items needed in fighting the pandemic, the exchange is in the first stage of operations in the United States.

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QAD LINKS INDUSTRIES IN PODCAST

QAD has introduced a podcast mini-series that links the automotive and life sciences industries. The recently announced  Strange Bedfellows: The Convergence of the Automotive & Life Sciences Industries to Fight COVID-19.

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NETSUITE 4Q REVS UP 25 PERCENT

Oracle’s ERP business continued double-digit growth in the fourth quarter ended April 30, despite the COVID-19 virus. The company said during this week’s earnings webcast that NetSuite revenue was up about 25 percent over a year ago while Fusion ERP revenue was up 35 percent over last year’s corresponding period.  

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BILL.COM PLANS $535M STOCK OFFERING 

Image by Olya Adamovich from Pixabay Bill.com is planning a $535 million follow-on public offering, which dwarfs the its IPO in December. The payments software company sold 11,297,058 shares at $22 per share (including the underwriter’s overallotment). The latest venture into the equity market, expected to be completed by June 15, is for 7 million shares at $74.53 per share.

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FFORCE NAMES SALES EXECS

FinancialForce, which has had turnover in its sales leadership in the last few years, has hired two new sales executives. Both most recently worked at Oracle.

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