News and Analysis (15677)
SCANCO BUYS SAGE 300 PRODUCTS
- Wednesday, 12 May 2021
- News and Analysis
- Written by BobWScott
Scanco Software has announced the purchase of CI Global Technologies’ entire Sage 300 product portfolio. Scanco markets warehouse management and manufacturing applications for Sage 100 and Intacct.
QAD CEO COMP. UP 73.7 PERCENT
- Tuesday, 11 May 2021
- News and Analysis
- Written by BobWScott
Stock awards boosted compensation for all of QAD's named executives. But a big boost in that category increase fiscal 2021 pay for CEO Anton Chilton to $3.1 million, an increase of 73.7 percent from $1.78 million in fiscal 2020.
PRODUCT SALES BOOST SILVERSUN
- Tuesday, 11 May 2021
- News and Analysis
- Written by BobWScott
A 13.2-percent increase in product sales helped lift SilverSun Technologies, parent to reseller SWK Technologies, to a profitable quarter. The company reported net income of $354,679 for the first quarter ended March 31, compared to a loss of $292,115 in last year’s corresponding period. P
PROCORE OFFERING: UP TO $676.6M
- Monday, 10 May 2021
- News and Analysis
- Written by BobWScott
Procore Technologies says the maximum proceeds for its looming initial public offering is $676.6 million. The estimated share price ranges from $60 to $65 with the proceeds estimated for the sale of 9,470,000 shares at $65.
PHOCAS NAMES BOORMAN CFO
- Friday, 07 May 2021
- News and Analysis
- Written by BobWScott
Phocas Software has as named David Boorman as CFO. The Australia-based software company said Boorman, who joined the company in October 2019, managed Phocas’ fund round of about $34 million (AU $45 million), which closed in April.
AVALARA TO STAY ON M&A TRAIL
- Friday, 07 May 2021
- News and Analysis
- Written by BobWScott
Avalara will continue to invest in acquisitions this year, CFO Ross Tennenbaum said this week. Tennenbaum made the comment as the sales tax company published guidance for the rest of. 2021 during a webcast for earnings for the first quarter ended March 31.
BILL.COM BUYING DIVVY FOR $2.5B
- Friday, 07 May 2021
- News and Analysis
- Written by BobWScott
As it announced a revenue increase of 44.9 percent for the third quarter ended March 31, payments vendor Bill.com also said it will acquire Divvy. Divvy offers expense management and budgeting software, combined with smart corporate cards.
SOVOS ACQUIRES CHILE-BASED BIZ
- Thursday, 06 May 2021
- News and Analysis
- Written by BobWScott
Sovos, which makes indirect tax software, has acquired Chile-based Acepta. Acepta markets e-invoicing, e-receipts, e-documents and digital certificate products in Chile, Peru and Colombia.
VENA RAISES $244 MILLION
- Wednesday, 05 May 2021
- News and Analysis
- Written by BobWScott
Vena has raised about $244 million ($300 million Canadian) in Series C funding. The Toronto, Ont-based company said it will use the proceeds to accelerate growth.
ECI DEBUTS CLOUD-BASED JOBBOSS
- Tuesday, 04 May 2021
- News and Analysis
- Written by BobWScott
ECI Software Solutions has introduced JobBoss², which the company says will be its go-forward cloud project for job shop and make-to-order manufacturers. The new product combines features from E2 Shop, which was part of ECI’s acquisition of Shoptech in the fourth quarter of last year, with JobBoss.
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