News and Analysis

News and Analysis (15671)

SOVOS INTROS GLOBAL REPORTING PLATFORM

The Sovos Advanced Periodic Reporting platform has been in traduced to handle indirect tax compliance for companies operating across Europe, the Middle East, Africa, Latin America and Asia. The system integrates with a large number of ERP packages.

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SUBS DRIVE QUADIENT S'WARE UNIT SALES

Quadient’s software products, which includes Beanworks and YayPay, experienced a 21.4-percent rise in subscription revenue for the first quarter ended March 31. Those products are included in Quadient’s Intelligent Communication Automation unit which had revenue of about $53.7 million for the most recently ended quarter,

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SPIFF RAISES $46 MILLION

Spiff, which markets sales commissions software, has raised $46 million in Series B. funding. New investors include Salesforce Ventures and Stripes in a round led by Lightspeed Ventures Partners.

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PROCORE RAISES $656.5M IN IPO

Procore Technologies has raised about $656.5 million in its initial public offering. Those are the estimated proceeds to the company from the sale of 10,410,000 million shares of common stock, including the underwriters’ purchase of 940,000 shares following the initial sale of 9,470,000 shares.

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SAGE NAMES TWO SENIOR EXECS

 Sage has hired two senior level executives with one moving into the new role of EVP of international markets. The action included naming Microsoft and Oracle veteran Walid Abu-Hadba as chief product officer. His major role is growing the Sage Business Cloud.

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CLOUD SPURS PROFITABLE QAD QUARTER

In the last few quarters, QAD has reported net income, but a drop in revenue. For the first quarter ended April 30, the manufacturing software company reported both net income and 11.7-percent rise in revenue.

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EPICOR BUYS CPQ SOFTWARE COMPANY

Epicor has acquired KBMax, which markets Configure Price Quote and visualization software. Terms were not disclosed.

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VENA CTO/CO-FOUNDER TO STEP DOWN

George Papayiannis, one of three co-founders of Vena Solutions, will leave the job of chief technology officer he has held since April 2011.  Papayiannis will continue in the position until a successor is found.

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PSA RULED OUT FOR QBO ADVANCED

Intuit revealed limits for its target market for QuickBooks Online Advanced this week. CEO Sasan Goodarzi ruled out multi-billion dollar companies and the professional services market during this week’s webcast for the release of financial results for the third quarter ended April 30.

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REV GROWTH TOPS BIG QUISITIVE Q1

Reseller Quisitive sharply reduced its loss and increased its revenue by 16 percent for the first quarter ended March 31. But that was almost anticlimactic after two significant acquisitions and rounds of investments to pay for them.

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