News and Analysis

News and Analysis (15669)

ROOTSTOCK NAMES SERVICES EXEC

 Rootstock Software has named Caroline Santander SVP of global professional services and enablement.

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NEW GP SALES END IN 2026

Microsoft has set an end date for sales of the venerable Dynamics GP to new customers. After April 1, 2026, GP will be sold only to existing customers.

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INTUIT OPTS FOR SHOPIFY POS

 Intuit has teamed with Shopify as a preferred POS provider for a package that integrates with QuickBooks Desktop. That deal was reached as Intuit is discontinuing QB Desktop Point of Sale as of October 3.

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BIDDER: BLACKBAUD WOULDN’T TALK

 Clearlake Capital Group, whose bid for Blackbaud was rejected last month, said the nonprofit software company did not seek clarification of its $71-per-share bid.  In a statement filed with the SEC at the end of March. And in general, Clearlake said Blackbaud won't discuss its offer.

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VERSAPAY NAMES CEO

Versapay, which makes AR software, has named Carey O’Connor Kolaja as CEO. She replaces Craig O’Neill, who had held the job since September 2013. The company said O’Neil will move into a strategic advisory role.

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VISMA UP 19 PERCENT IN 2022

 

Nerway-based ERP vendor Visma reported revenue of approximately $2.28 billion for the year ended December 31, an increase of 19 percent over 2021. The numbers were reported this month in the company’s annual report after it had released preliminary results in January.

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  PROCORE ENTERS FRANCE

 Procore Technologies has launched operations in France, coming on the heels of its entry into the German market in November. The construction software company has named Laurence Caron-Vidon as senior director for France and Southern Europe.

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XERO TO CUT 15% OF JOBS

Xero plans to cut 700 to 800 jobs as the company seeks to improve operating profitability. That reflects about 15 percent of the workforce, according to a CEO Sukhinder Singh Cassidy in a webcast this month.

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SAGE SHIFTS TRANSFORM DATES

 Sage is moving its Transform conference, which had been held in the fall, into the winter. That means there will be no conference in 2023, but one will be held in the first quarter of 2024.

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BLACKBAUD REJECTS OFFER

  Blackbaud has rejected a $71-per-share buyout offer from the Clearlake Capital Group. Blackbaud noted the receipt of the offer, which was 23 percent higher than the share close on Friday, March 25.

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