News and Analysis

News and Analysis (15710)

QUISITIVE PICKS PAYMENTS HEAD

Reseller Quisitive Technology Solutions has named a president of Global Payments Solutions.

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QLIK GOING PUBLIC AGAIN

Analytical software vendor Qlik is going public, again. The company has submitted a draft registration statement with the SEC confidentially, so detailed information is not available.

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INFOR SELLLS LIBRARY, INFO UNIT

Axiell, a Sweden-based software company, has agreed to acquire Infor Library & Information Solutions. Terms for the deal, expected to close in February, were not disclosed.

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PALSULE LANDS CEO POST

Himanshu Palsule has become CEO of Cornerstone OnDemand, a more than $750-million company, which makes HR software. Palsule announced the move this week in a LinkedIn post.

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QAD BUYS ECOMMERCE OUTFIT

 QAD has acquired WebJaguar, which provides ecommerce products. Terms were not announced. 

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REPAY ACQUIRES COLLECTIONS BIZ

 Payments company Repay has started 2022 with the latest in a string of acquisitions. Repay has acquired Payix for $95 million in cash on hand and through its revolving credit facility.

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CPA FIRMS ADVANCE IN RESELLING

CPA firms left their mark on the mid-market ERP reselling business in 2021. They were represented in top awards for Acumatica. Dynamics, Oracle NetSuite and Sage Intacct.

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SAGE AQUIRES BRIGHTPEARL

 Sage has acquired retail software specialist Brightpearl. Sage paid about $299 million for the 83 percent of Brightpearl it did not already own.

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SOVOS BUYS GERMAN VAT CO.

 Sovos, which markets indirect tax software, has acquired TLI Consulting, a company-based in Germany. Terms were not disclosed. 

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EXPENSIFY: ADVERTISING RESUMED

Expensify registered what it said was its best quarter for paid member growth since the start of the pandemic. Those results included reaching 667,000 annual monthly members, rising 4.3 percent from 639,000 the prior quarter.

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