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BRIGHTPEARL NAMES NEW CEO
- Friday, 17 June 2016
BrightPearl, which markets inventory and retail management software for multi-channel merchants, has named Derek O'Carroll as CEO. The San Francisco, Calif., and Bristol, U.K.-based company said O'Carroll's job is to drive the software company to the next level. Interim CEO Andrew Porter, who joined the company in July 2014 after a more than 20-year career in banking IT, became CIO.
CROWE BUYS CRM PRACTICE
- Friday, 17 June 2016
Crowe Horwarth has acquired Ablebridge, a Westborough, Mass.-based firm that resells Dynamics CRM and uses that package as a platform to build add-ons. Terms were not disclosed. Crowe said AbleBridge's flagship product is BenefitsBridge, which provides insurance benefits brokers with a highly specialized agency management application.
THOMA BRAVO BUYING QLIK
- Thursday, 16 June 2016
Private equity firm Thoma Bravo is buying Qlik Technologies for about $3 billion in cash. The recent announcement of the sale of the Radnor, Pa.-based cloud analytics software company is priced at $30.50 in cash for each share of common stock. The parties said that's a 40-percent premium to the 10-day average stock price of $21.83 per share prior to March 3.
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