News and Analysis

News and Analysis (15671)

VERTEX BUYS SAP SPECIALIST

Indirect tax software provider Vertex has acquired LCR-Dixon Corp. Terms were not disclosed.

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PROCORE BUYING LIEN SPECIALIST LEVELSET

Construction software vendor Procore Technologies, which went public in May, is acquiring Levelset for $500 million. Levelset, whose products include lien rights management software, will operate as a subsidiary of Procore.

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SURVEY: BIZ DOESN’T TRUST ANALYTICS

Businesses have a high degree of distrust in predictive data analytics which is slowing adoption of that technology. That conclusion is contained in the report “Unleashing the Potential of Predictive Analytics in Financial Services”, recently released by software vendor Qlik.

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BILL.COM RAISING $1.5 BILLION

 Bill.com is raising $1.5 billion in concurrent stock and debt issues this month. The payments software company has filed prospectuses with the SEC for the sale of $1 billion in stock and $500 million in convertible senior notes.

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GRAVITY SEEKS RESELLERS  

Gravity Software is holding an October 19 webinar as part of its search for resellers to handle its accounting software. The webinar will be held 1 pm ET to showcase the company’s channel program and its benefits.

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ITA CHOOSES BOARD CHAIR

 The Information Technology Alliance has named David Hirchskorn, accounting firm Eide Bailly’s CIO, as chair of its board of directors. It also selected Dom Pernai, director of reseller EthosSystems, as its vice chair.

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CHRISS: MAILCHIMP SCALES TO MID-MARKET   

Intuit’s newly acquired Mailchimp has made its name in the small business market. But the products from the company, acquired for about $12 billion, are suited to larger businesses, according to Alex Chriss, EVP of Intuit’s small business operations.

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REPAY HIRES B2B EXECS

Payments company Repay has named two executives to its B2B payments team. These are of Darin Horrocks as EVP, B2B business and Phillip Tau as VP of B2B strategy and business development.

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INTUIT PAYING $12B FOR MAILCHIMP

Intuit plans to pay about $12 billion in cash and stock for email and marketing software company, Mailchimp. This follows the December acquisition of Credit Karma for $7.1 billion.

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N'SUITE POLL: MOST BIZ TO REQUIRE VAX

 Fifty-three percent of employers will ask employees returning to offices for proof of vaccination, according to a newly released survey from Oracle NetSuite. Despite virus worries most of the 500 business leaders polled are seeing increased demand for goods and services.

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