News and Analysis

News and Analysis (15671)

INSIGHTSOFTWARE HIRES TWO EXECS

Insightsoftware has named two top executives on the heels of hiring a new CEO. The company this week said it has hired Joe Healey as chief operating officer and Stacy West as chief marketing officer.

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CANNABIS CO. IN $12M OFFERING

Akerna, which provides ERP software for the cannabis industry, is offering 5 million shares of stock that are expected to bring gross proceeds of $12 million. The company expects $11 million in net proceeds of roughly $11 million which will be used in a wide range of company functions.

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REPAY BUYING CPS PAYMENTS

Repay Holdings, which owns APS Payments, has agreed to buy CPS Payment Services for $78 million in cash. Repay says the deal brings more than 160 CPS enterprise clients and moves it into vertical markets that include education, government, and media, and enhances REPAY’s existing healthcare B2B business.

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VISMA REVS POP BY 25.5 PERCENT

Fueled by sales of cloud products, revenue for Norway-based Visma reached about $501 million for the third quarter ended September 30. Growth also stemmed from the software company’s continuing M&A binge with eight new acquisitions during the quarter, 23 for the year-to-date.

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NET AT WORK BUYS SAGE 100 VAR

Net at Work, a mid-market reseller based in New York, N.Y., has acquired the Rubicon Group, which resells Sage 100. Terms were not disclosed.  

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AVIDXCHANGE HIRES FOUR EXECUTIVES

AvidXchange has hired four executives in its product, treasury and operations teams. The payments software company this week the additions are designed to support its growth.

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UNIT4 HIRES CUSTOMER SUCCESS EXEC

Unit4 has named Michelle MacCarthy as global head of customer success. Before joining Unit4, MacCarthy was with Flexera from December 2018 through last month, where she held a similar position.

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UNANET BUYS A/E CRM COMPANY

Unanet has acquired Cosential, which makes CRM applications for the architect and engineering and construction markets. Terms were not disclosed.

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NETSUITE OPENS NON-ERP VAR PROGRAM

Oracle NetSuite has started a program for resellers who want to developer businesses around its non-ERP products lines. These applications include Bronto, OpenAir, and SuiteCommerce.

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UNIT4 STARTS SOCIAL RESPONSIBILITY PROGRAM

Unit4 has started a social responsibility program. Unveiled this month, the broad-based initiative includes the company’s Act4Good program. 

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