News and Analysis

News and Analysis (10497)

VERSAPAY NAMES CEO

Versapay, which makes AR software, has named Carey O’Connor Kolaja as CEO. She replaces Craig O’Neill, who had held the job since September 2013. The company said O’Neil will move into a strategic advisory role.

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VISMA UP 19 PERCENT IN 2022

 

Nerway-based ERP vendor Visma reported revenue of approximately $2.28 billion for the year ended December 31, an increase of 19 percent over 2021. The numbers were reported this month in the company’s annual report after it had released preliminary results in January.

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  PROCORE ENTERS FRANCE

 Procore Technologies has launched operations in France, coming on the heels of its entry into the German market in November. The construction software company has named Laurence Caron-Vidon as senior director for France and Southern Europe.

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XERO TO CUT 15% OF JOBS

Xero plans to cut 700 to 800 jobs as the company seeks to improve operating profitability. That reflects about 15 percent of the workforce, according to a CEO Sukhinder Singh Cassidy in a webcast this month.

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SAGE SHIFTS TRANSFORM DATES

 Sage is moving its Transform conference, which had been held in the fall, into the winter. That means there will be no conference in 2023, but one will be held in the first quarter of 2024.

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BLACKBAUD REJECTS OFFER

  Blackbaud has rejected a $71-per-share buyout offer from the Clearlake Capital Group. Blackbaud noted the receipt of the offer, which was 23 percent higher than the share close on Friday, March 25.

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KEYEDIN MERGED INTO SCIFORMA

 Project and portfolio management software company Keyed in has been merged into Sciforma, which is in the same market.

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SUGAR NAMES FAYE TOP RESELLER

SugarCRM has named Faye Business Systems Group  as its President’s Club Reseller Partner of the Year for the Americas for 2022. It is a return visit to the winner’s circle for the firm.

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BDO TOPS UNANET CHANNEL

 Accounting firm BDO was named Partner of the Year by ERP and CRM vendor Unanet. That firm was among the winners of the 2022-2023 Unanet Partner Awards, announcedthis week.

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COLUMBUS US BIZ OFF, AGAIN

The troubles of the United States business of reseller Columbus continued in 2022. Service revenue of $11.5 million last year was down .1 percent from the prior year.

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