News and Analysis

News and Analysis (4777)

EDGEWATER BOOSTS ALITHYA

Alithya reported a sharp increase in its loss and revenue as it issued its first annual report including the results of the former Edgewater Technology. CEO Paul Raymond said the United States results—the Fullscope reselling business and the Ranzal Oracle business—had exceeded expectations.

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ROOTSTOCK HIRES MARKETING VP

Rootstock Software has hired Praveena Khatri as VP of marketing. She will report to chief marketing officer Tom Brennan.

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NETSUITE REVS UP 32 PERCENT

Oracle said its NetSuite revenue rose by 32 percent for the year ended March 31. That represents an acceleration from increases in the 25-percent range in the past two quarters.

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SWEDISH GROUP BUYS ACUMATICA

EQT Partners, a private equity group based in Sweden, has acquired Acumatica. The group already owns IFS, which markets ERP software. Terms of the sale were not disclosed.

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XERO SELECTS PARTNER HEAD

Xero has hired Chris Wicker as head of its partner program. Wicker is a veteran of partner sales at both Sage and the former Abila, itself a spinoff from Sage.

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SYSPRO USA NAMES CFO

Brocardo Piero 1Syspro USA has named Piero Broccardo as its new CFO. Broccardo was most recently CFO for Mavenlink from June 2018 through this month.

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RSM US TOP PROPHIX VAR

Budget image with coins toolsRSM US was named North American Partner of the Year at Prophix Software’s user conference this year. It is the fifth consecutive year the accounting and consulting firm has taken home the award.

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SUGAR NAMES CUSTOMER EXEC

SugarCRM has hired Chris Pennington as chief customer officer. Pennington was previously with Professional Advantage from 2008 through May this year.

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BLOCK BUYING WAVE

Wave Financials is being acquired by H&R Block for $405 million. Wave, based in Toronto, Ont., markets cloud-bases software and targets the freelance market.

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SALESFORCE BUYING TABLEAU

Salesforce is planning to buy Tableau Software, an analytics software company, for $15.7 billion via a tender offer. The companies this week announced a definitive agreement for the acquisition has been reached.

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