News and Analysis

News and Analysis (4828)

RANDOM THOUGHTS: CHRISLEYS

My wife is very frugal in cleaning up food. I told her she would have ruined Dickens.

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ALITHYA: U.S. BIZ GOING WELL

Alithya, which acquired Edgewater Technology last year, said the integration of the purchased company is ahead of schedule.  Paul Raymond, CEO of the Montreal, Que.-based company, made the comments in this week’s earnings webcast for the first quarter ended June 30.

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SALESFORCE: $1.35B FOR CLICK

Salesforce plans to buy ClickSoftware, which makes field service management applications. Valued at about $1.35 billion, the deal will be accomplished through cash and Salesforce stock, along with assuming equity awards held by the target’s employees.

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INSIGHT RECEIVES INVESTMENT

Insightsoftware has received an investment of an undisclosed amount from private equity firm Genstar. The companies said this week the capital will be used for growth, including global expansion.

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SUGARCRM NAMES CFO

SugarCRM has named John Donaldson as CFO, the latest in a number of executive changes this year. Donaldson replaces Karan Willem who held the post who held the job from January 2017 through this month.

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DELTEK TO ACQUIRE COMPUTEREASE

Deltek has signed an agreement to buy ComputerEase, which make construction accounting, project management, and field management software for contractors. Deltek will acquire the company’s assets with the deal expected to close during this quarter.

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QUICKBASE BUYS CLOUD PIPES

Quick Base will be able to directly integrate with financial and CRM applications as a result of its acquisition of Cloudpipes, the company said this week. Quick Base will begin releasing a combined low-code development platform this year as a result.

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VENA NAMES NEW CEO

Vena Solutions has named Hunter Madeley as its new CEO. The company this month says he will replace founding CEO Don Mal, who is retiring to pursue what were described as personal passions.

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RANDOM THOUGHTS: MOMENT OF SILENCE

In memory of all those who died in Dayton and El Paso and all other mass shootings. It hasn't been a funny week. Back next week.

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INTACCT’S REID SELLS SHARES  

Robert Reid, EVP and managing director of Sage Intacct has sold shares in the Sage Group for about $2 million in gross proceeds. Reid sold 351,555 shares which were acquired through the vesting of restricted shares.

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