News and Analysis

News and Analysis (15670)

QUISITIVE MAKES $(C)500M SHELF FILING

Quisitive Technology Solutions has filed a prospectus for a $500-million (Canadian) shelf offering with Canadian and provincial authorities. The total value of the offering filed by the Dynamics reseller is about $384 million

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TANGICLOUD NAMES PRESIDENT

 Nonprofit software vendor Tangicloud Technologies has named Steve Potts as president. Tangicloud make software based on Microsoft’s Dynamics 365 Business Central.

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SOVOS BUYS BIOMETRIC BIZ

 Sovos has acquired TOC Biometrics, a Santiago, Chile-based company that provides id verification and electronic signature applications. Terms were not disclosed.

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UNIT4 NAMES CUSTOMER OFFICER

Unit4 has named Jean de Villiers as its chief customer officer. The new exec will be responsible for a broad range of areas affecting customers.

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COLUMBUS U.S REVS RESUME DROP

 Revenue for Denmark-based reseller Columbus in the United States headed back down for the second quarter ended June 30. The total fell 11 percent year-over year, the company said during its recent earnings report.

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SYSPRO GLOBAL GETS NEW CEO

Syspro has picked a new CEO for its global organization for the first time in 44 years. .Jaco Maritz, who has served as COO since 2019, will replace Phil Duff, who has held the position since founding the South African manufacturing software company in 1978.

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WORKDAY: ADAPTIVE HAS 6,000 CUSTOMERS

 Workday reported this month that its Adaptive Planning line has more than 6,000 customers. While the total was not broken out in the figures for the corresponding quarter a year ago and two years ago, the presentation of results for the second quarter of three fiscal years suggests it added about 600 Adaptive Planning customers year-over-year.

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QB ONLINE REVS JUMP 33.4%

 Intuit’s QuickBooks Online continued its substantial growth with revenues from the product line rising 33.4 percent for the year ended July 31. QBO revenue increased to $2.37 billion for fiscal 2022 from slightly less than $1.7 billion for fiscal 2921.

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QUISITIVE REVS JUMP 107 PERCENT

Canadian reseller than Quisitive more than doubled its revenue for the second quarter ended June 30, while sharply cutting its loss. The two major business segments each more than doubled sales from year-earlier levels.

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WHY IS AVALARA SELLING?

 Avalara’s agreement to be acquired by has some people exchanging thoughts about why the sales tax software company agreed to the deal. That deal is a $8.4-billion purchase price from Vista Equity Partners.

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