News and Analysis (15671)
COVID DAMPENED PAYA’S GROWTH
- Monday, 08 November 2021
- News and Analysis
- Written by BobWScott
The Delta COVID-19 variant held down revenue for payments company Paya for its third quarter ended September 30. CFO Glenn Renzulli termed Delta one of “two primary headwinds” that limited growth.
DIVVY BOOSTS BILL.COM REVS
- Monday, 08 November 2021
- News and Analysis
- Written by BobWScott
Bill.com experienced strong growth for its first quarter ended on September 30, sparked by its newly acquired Divvy and Invoice2go operations. In particular, Divvy had 187 percent year-over-year growth, according to CFO John Rettig.
AVALARA TO SPEND FOR AWARENESS
- Sunday, 07 November 2021
- News and Analysis
- Written by BobWScott
Avalara will hike spending to boost broader product awareness, its CEO Scott McFarlane said during the company’s recent webcast. That statement came as the sales tax company reported that it its third quarter ended September 30 it had boosted sales and marketing spending by 50.3 percent year-over-year.
PROCORE TECHNOLOGIES SLASHES LOSS
- Friday, 05 November 2021
- News and Analysis
- Written by BobWScott
Construction software company Procore Technologies sharply cut its loss for the third quarter ended September 30 despite growing operating expenses by 58.5 percent. That came as the company this week said revenue for period rose 29.5 percent year-over-year.
SAP VAR THIRD WAVE ACQUIRED
- Friday, 05 November 2021
- News and Analysis
- Written by BobWScott
Evergreen Services Group has acquired SAP reseller Third Wave Business Systems. The deal, whose terms were not disclosed, puts Evergreen into the ERP market for the first time.
ARMANINO’S MESCALL CHANGES ROLES
- Wednesday, 03 November 2021
- News and Analysis
- Written by BobWScott
Tom Mescall, who has led Armanino Consulting for 17.5 years, is changing roles. Mescall is moving to lead the accounting firm’s Growth and Innovation Team.
FRESHBOOKS PROMOTES RE-INTRODUCTION
- Wednesday, 03 November 2021
- News and Analysis
- Written by BobWScott
FreshBooks is promoting the re-introduction of its accounting software product. FreshBooks is pointing to the company’s obtaining $130 million in funding in October as giving it “Unicorn” status.
AVALARA GROWS CROSS BORDER BIZ
- Wednesday, 03 November 2021
- News and Analysis
- Written by BobWScott
Avalara has taken two steps this month that hav the potential to ignificantly increase its cross-border compliance business. First, it announced new duty and import tax features and content used to generate landed cost pricing in Shopify Markets.
DYNAMICS REVS RISE 31 PERCENT
- Wednesday, 03 November 2021
- News and Analysis
- Written by BobWScott
The strong growth of Dynamics revenue continued for Microsoft’s first quarter ended September 30. Dynamics revenue rose 31 percent year-over-year with Dynamics 365 growth up 48 percent.
FRENCH CO. BUYS TANGERINE’S X-3 BIZ
- Tuesday, 02 November 2021
- News and Analysis
- Written by BobWScott
The 4CAD Group, company based in France, has acquired the Sage X-3 business of Tangerine Software. The move was pictured as a step in 4CAD’s planned expansion of its business in North America. via acquistion.
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