News and Analysis

News and Analysis (9684)

QUISITIVE ISSUES SHARES IN PAST VAR DEALS

Dynamics reseller Quisitive has converted $4.5 million in remaining convertible debentures that were used to pay for part of its acquisition of Menlo Technologies to 32,025,800 Common Share. The value of those shares of Toronto, Ont.-based Quisitive is about $15 million at today's exchange rates.

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AVALARA CHOOSES HR CHIEF

Avalara has named Kathleen Weslock as chief human resources officer. She replaces Shaunna Duffy, who had been with the sales-and-use tax company since November 2010.

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XERO OFFERS COVID-19 RESOURCES

Xero is offering resourcse, information and product offers for North American businesses coping with the global COVID-19 pandemic. These are available through a resource page​ that helps organizations understand what government support they can access.

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BDO BUYS MORGANFRANKLIN BIZ

BDO USA has acquired the Washington, D.C.-based public sector practice of MorganFranklin Consulting. The deal is expected to be completed on July 16. It is the second deal this year for MorganFranklin, which purchased the Dynamics practice from Kraft Enterprise Systems in March.

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LOGAN WINS QAD AWARD

Logan Consulting has received the Business Transformation award from QAD. The award was given recently as part of the manufacturing software company’s Partner Program Awards for 2020.

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SAGE NAMES CHIEF MARKETING OFFICER

Sage has named Cath Keers, a non-executive member of its board of directors, as chief marketing officer. She replaces the position vacated by Ron McMurtrie, who had held the role from October 2017.

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SAP TO AID BLACK-OWNED BUSINESSES

SAP has introduced “Spotlight Black Businesses,” to assist small, Black-owned businesses that have been impacted by COVID-19 and protests caused by social unrest. Announced this week, the program is part of a number of elements of SAP’s Social Justice programs.

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FFORCE PARTNERS WITH GAINSIGHT

FinancialForce has entered a partnership with Gainsight and will integrate with data network provider Plaid. Gainsight, which bills itself as a customer success platform, helps companies with issue such as reducing customer churn.

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RESELLER QUISITIVE RAISING $8  MILLION

Quisitive Technology Solutions is raising about $8 million (U.S.) in a sale of securities to a group of Canadian underwriters. The Toronto, Ont.-based company expects the deal will close this week.

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UNDERWATER DATACENTER AIDS IN VACCINE SEARCH

An underwater Microsoft data center is being used to process global information to understand the viral proteins that cause COVID-19. The experimental facility is also being used to perform tasks for big science research in understanding climate chain, mapping cancer markers and fighting infectious disease.

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