News and Analysis

News and Analysis (15671)

ROOTSTOCK ADDS KVP TO CHANNEL

Rootstock, which markets cloud ERP software on the Salesforce Platform, has added KVP Business Solutions to its international channel. KVP will sell Rootstock in a number of foreign markets, including Australia, Germany, The Netherlands, France, and India.

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PLEX NAMES GROUP VP

Manufacturing software company Plex Systems has hired Nathan Pieri as group vice president of product management and product strategy. Pieri was most recently, chief product officer at Amber Road (now e2Open) from July 2014 through July 2019.

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SAGE CHANGES CHANNEL PROGRAM

Sage has established a Partner of Center of Excellence aimed at promoting a cloud native future for the software company.  At the same time, it announced a variety of changes to its channel program.

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QLIK ACQUIRES KNARR ANALYTICS

Qlik has acquired the assets and intellectual property of start-up Knarr Analytics. Terms were not disclosed.

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REPAY REGISTERS $500M OFFERING

Repay Holdings, which has been acquiring payments companies, has filed a $500-million shelf registration with the SEC. The offering consists of a basket of securities—common and preferred stock, rights, warrants and debt.

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CEO HONORÉ HAS LEFT COLUMBUS

CEO Thomas Honoré has left his position as CEO and president of Denmark-based reseller Columbus. After nine years in the position, Honoré left abruptly—the day he announced his departure, August 27.

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EPICOR BEING SOLD FOR $4.7 BILLION

Epicor Software, currently owned by investment firm KKR, is being sold to Clayton, Dubilier & Rice. The parties this week said they have reached a definitive deal. 

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BILL.COM SPENDS INTO THE MARKET

Bill.com increased its loss for the year ended June 30 by more than four times. But that is because the payments software company its operating expenses by 1.7 times over the fiscal 2019.

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QUISITIVE ACQUISITIONS PUSH RESULTS

This year’s purchase of Menlo Technologies and that of the Corporate Renaissance Group in June 2019 gave results a boost for Quisitive Technology Solutions for the second quarter ended June 30. Revenue hit $13.2 million for the recently ended period, more than three times the slightly more than $4 million a year ago. 

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XERO HIRES HISPANIC MARKET DIRECTOR

Cloud software vendor Xero has hired Jackeline Velez as director for the U.S. Hispanic market. Velez will lead a Hispanic team that will focus on providing education materials to Hispanic accountants and bookkeepers.

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