SAP, which has pledged to invest around $2.1 billion in the Internet of Things over five years, has named its IoT portfolio SAP IoT. The name is taken from the inventor, Leonardo da Vinci. The software giant plans a global IoT event that is scheduled to be held from July 11–12 in Frankfurt, Germany, at the KAP EUROPA.

Serenic Software has combined with its sister company Bellamy Software. Both units, which target the nonprofit market, are owned by Sylogist, a publicly held Canadian business. Operating as Serenic, the company is incorporating Bellamy's Analytics, Budgeting, Asset Management, Revenue and Operating modules into the Serenic Navigator line.

Kenandy, which develops financial software on the Salesforce platform, has named Donna Armstrong as VP of partners and services. Armstrong, who joined the company in October, will be responsible for helping the Redwood City, Calif.-based Kenandy grow operations and expand its channel.

Tangicloud for NFPs, a fund accounting package has been launched. The cloud product, based on Dynamics NAV, comes from Tangicloud, founded by Jay and Leisa Malik, the founders of Serenic. The company took responsibility for servicing 14 clients from a software company that suspended operations in July and transitioned them and a small number of other companies since then.