News and Analysis

News and Analysis (15710)

ORDWAY RECEIVES $10 MILLION

Ordway, which markets billing and payments software, has raised $10 million in a Series A investment. Ordway integrates with Avalara, QuickBooks and Salesforce, along with other accounting software applications.

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4Q MAKES PRODWARE’S YEAR

An 18.6-percent increase in revenue turned 2019 from a so-so-year for France-based reseller Prodware into a good one. The company ended the year ended December 31 with roughly $203.9 million up 7.3 percent from 2018.

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QLIK HIRES NEW EVP

Analytics software company Qlik has hired Poornima Ramaswamy as EVP, strategic clients. In her new role, Ramaswamy will lead a team that serves the company’s enterprise customers.

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BLACKBAUD SETTLES IN AFTER SALES REORG

Blackbaud is settling in after a restructuring of the sales force in 2019. During its recent webcast for earnings for the year ended December 31, the company said it expects to regain productivity per person lost during the change.

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AVALARA REVS JUMP 40 PERCENT

Avalara slashed its loss by a third as revenue rose 40.5 percent for the year ended December 31. The sales tax software company stayed on that pace in the fourth quarter with the percentage changes for the bottom and top lines the same as for the year.

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AVALARA AUTOMATES RATE SOURCING

Avalara is close to releasing capabilities for automating the collection of indirect tax content and classifying customer products and services. During this week’s webcast for earnings for the year ended December 31, CEO Scott McFarlane said his company is also in final testing to automate Avatax code classification and taxability analysis to accelerate new customer onboarding.

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FFORCE HIRES SALES LEADER

FinancialForce said this week it has hired Tony Kender as chief revenue officer. It’s been a challenging position, apparently, as the combined tenure of the prior two individuals in that post was slightly more than a year.

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CHERRY BEKAERT BUYS ANALYTICS FIRM

Cherry Bekaert has acquired Icimo, a data analytics and services firm. Icimo founders Bryce Gartner, Jennifer Gartner and Matt Illuzzi are continuing their leadership roles within the new group. 

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RAND STARTS DATA SCIENCES UNIT

The Rand Group has created a data sciences practice, the Houston, Texas-based reseller said this month. It also said Brian Peterson and Anthony Bonaduce have joined it as VPs to run the business. 

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ALITHYA BUYS ASKIDA

The Alithya Group, which acquired the former Edgewater Technology in 2018, has purchased the Askida group of companies this month. The deal is valued at about $12 million and will be paid in Class A voting shares and cash.

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