BobWScott

BobWScott

AVIDX SEES GROWTH ACROSS VERTICALS

AvidXchange reported customer demands was broad-based across the vertical markets in which it operates for the firt quarter ended March 31. The payments software company said during its recent earnings webcast that even two verticals hit hard by the pandemic—construction and Homeowner Association management—have bounced back.

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BILL.COM 1Q SOARS ON M&A

The acquisitions of Divvy and Invoice2Go dramatically increased revenue for Bill.com for the first quarter ended March 31. The GAAP loss was up sharply while revenue rose by 152 percent over last year’s corresponding period with organic core revenue up 78 percent.

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2020 RANSOMWARE COSTING B'BAUD

 Blackbaud expenses to pay $25 million to $35 million for costs stemming from a May 2020 ransomware attack. The nonprofit software company, which paid the ransom, faces hundreds of customers claims and 19 consumer class action cases in courts in the United States and Canada.

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