News and Analysis (15710)
ASA TAKES ACCOUNTMATE AWARD
- Tuesday, 09 March 2021
- News and Analysis
- Written by BobWScott
Accounting Software Advisors has won the President’s Award from AccountMate. An AccountMate reseller for 15 years, the Naperville, Ill.-based company was also rcently named for Outstanding Sales Achievement in the central region and an award for Professional Services BP Partnership.
QUISITIVE RECEIVES $15.8M INVESTMENT
- Tuesday, 09 March 2021
- News and Analysis
- Written by BobWScott
Quisitive, a Dynamics reseller based in Toronto, Ont., has received a commitment for a private placement investment of about $15.9 Million ($20M Canadian). Quisitive CEO, Mike Reinhart said the infusion will help the company’s balance sheet, help with its acquisition strategy and support the development of its LedgerPay payments software.
REPAY FY20 REVS RISE 48 PERCENT
- Friday, 05 March 2021
- News and Analysis
- Written by BobWScott
Repay Holdings, which has been on an acquisition path, reported revenue for $155 million for the 12 months ended December 31, a 48- percent increase over 2019. The pro forma net loss for the most recently completed year was $13.9 million down from a loss of $39.9 million for 2019.
C3.AI REVENUE RISES 19 PERCENT
- Thursday, 04 March 2021
- News and Analysis
- Written by BobWScott
A 35.8-percent increase in operating expenses helped push C3.ai to a 72-percent increase in its loss for the third quarter ended January 31. Backed by Microsoft and Koch Industries, the company is CEO Thomas Siebel’s venture that is designed to counter Salesforce.com’s dominance in the CRM market.
VERTEX HIRES CTO
- Thursday, 04 March 2021
- News and Analysis
- Written by BobWScott
Tax software vendor Vertax has hired Sal Visca as chief technology officer. Visca replaced Jennifer Kurtz, who worked at Vertex for 21 years five months and served as CTO from January 2016 through October 2020.
PROCORE REVS DOUBLED OVER TWO YEARS
- Thursday, 04 March 2021
- News and Analysis
- Written by BobWScott
Revenue for Procore Technologies have more than doubled over the last two years. The construction software company disclosed its financial statements in an amendment this week its S-1 form, filed a year ago in preparation of an initial public offering.
SOVOS BUYS BRAZIL TAX UNIT
- Thursday, 04 March 2021
- News and Analysis
- Written by BobWScott
Sovos has acquired Fit Sistemas, a company that provides tax reporting capabilities in Brazil. Terms were not disclosed.
INFOR RECURITING UK/IRELAND CHANNEL
- Tuesday, 02 March 2021
- News and Analysis
- Written by BobWScott
Infor has begun what the software calls “an aggressive channel partner recruitment drive "in the UK and Ireland. It is the first partner announcement in some time.
PHOCAS SOFTWARE RAISES $34 MILLION
- Monday, 01 March 2021
- News and Analysis
- Written by BobWScott
Phocas Software, a data analytics software company, has raised $34 million. Based in Sydney, Australia, the company said the money will be used to accelerate growth in America and the United Kingdom, along with expanding into new in countries.
ACUMATICA DEBUTS R1 2021
- Monday, 01 March 2021
- News and Analysis
- Written by BobWScott
Acumatica has introduced its Release 1 for 2021. Ajoy Krishnamoorthy, VP of platform strategy, said during the recent kickoff events that enhancements. The executive highlighted phase 1 of multiple base currency support as one important feature.
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