News and Analysis

News and Analysis (15710)

GOODE TAKES OVER X-3

Nick Goode has become EVP of X-3 for Sage. Goode, who was been with the software company since April 2019, took over his position in July. It was a bit surprising as Goode was not present in June when Sage held its first-ever X-3 user conference.

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FFORCE COM VP LEAVES

Letty Ledbetter, VP of global communications, has left her position at FinancialForce. It’s the latest in a series of resignations of high-level executives from the cloud software company.

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ORACLE TO HIRE 2,000 FOR CLOUD

Oracle said this week it will hire nearly 2,000 employees for its Oracle Cloud Infrastructure business. The hiring is coupled with opening of new data centers and Gen 2 Cloud regions.

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IFS AMERICAS TO BUY ASTEA

IFS, a sister company to Acumatica, has agreed to acquire Astea International. The deal, which will be accomplished through a merger, appears to have a value of about $43.1 million, based on a $12-per-share price and the number of shares outstanding on June 30.

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STUDER JOINS TIBCO

Fred Studer has become the chief marketing officer of Tibco, which makes integration and analytics products. Studer left a similar position at FinancialForce during the summer, after holding the job since March 2017.

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EXACT CFO KRAP GONE

 Onno Krap, CFO of Exact, has left the company after seven years on the job. Exact did not provide an exact date for Krap to leave in its October 7 press release.

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QBES AND QBO ADVANCED: 200K CUSTOMERS

Intuit has more than 200,000 mid-market customers for its on-premise and desktop financial software, the company said this month. The number was provided this month at the company’s annual Investor’s Day by Alex Chriss, EVP of the small business and self-employed group.

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EPICOR ACQUIRES EDI COMPANY

Epicor Software has acquired 1 EDI Source, which makes EDI and AS2 software. The deal closed on October 1 with terms not disclosed.

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AVALARA RELEASES 22 INTEGRATIONS

Sales-tax vendor Avalara has released 22 certifiedintegrations with a variety of types of business software applications. These include accounting, ERP, ecommerce, point-of-sale, mobile commerce, and CRM software products.

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SIMPRO CTO BECOMES COO

Simpro, an Australia-based software company, has named Jonathan Eastgate as COO. Simpro makes business management software for service, project and maintenance contractors.

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