SAP has announced a change in its M&A strategy, which marks an end to large acquisitions that put it in new markets. “We have made the critical M&A moves and will now focus on tuck-in acquisitions,” CEO Bill McDermott said during this week’s webcast for earnings for the first quarter ended March 31.

Sage has promoted Aaron Harris to the position of chief technology officer. Harris was previously SVP, head of engineering and technology at Sage Intacct.

IFS reported this week new customers drove its revenue for the first quarter ended March 31 up 29 percent from last year's corresponding period to $154 million. The Sweden-based software company said it had a “massive influx of new customers across the globe”.