News and Analysis

News and Analysis (15380)

VENA SOLUTIONS RAISES $75 MILLION

Don Mal, Vena SolutionsVena Solutions, which makes cloud-based financial planning and analysis software, has raised  about $75 million ($115 million Canadian) in equity funding. That follows approximately $22.5 million ($30 million Canadian) in funds raised in 2016.

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TAXJAR PICKS UP $60 MILLION

Mark Faggiano, TaxJar Sales tax software company TaxJar, which serves eCommerce businesses and developers, has raised $60 million in equity funding. It will invest in hiring and also in TaxJar Plus, which is designed for high-growth and high-volume eCommerce businesses.

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INFOR GETS $1.2B; TALKS IPO

Charles Phillips, InforSoftware company Infor has finally begun talking about a possible initial public offering. The company initiated the discussion as it announced a $1.5-billion investment from its shareholders Koch Equity Development, LLC (KED) and Golden Gate Capital.

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ORACLE RETAIL DEBUTS OMNICHANNEL SUITE

Chris Sarne, Oracle RetailOracle Retail has introduced the Oracle Retail Xstore Office Cloud Service to centralize store back-office operations. The software company, which built the service on the Xstore Point-of-Service that is already in the market, says the service can be implemented in as little as seven weeks from provisioning.

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RANDOM THOUGHTS: R. KELLY

R. Kelly, Photo by  Andrew Steinmetz https://creativecommons.org/licenses/by-sa/2.0The TV series “Criminal Minds” will be renewed for its fifteenth and last season. There has been erosion of viewership after “Hotch”, actor Thomas Gibson was booted from the show.

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ITA PRESIDENT MORK RETIRING

Stan Mork, Information Technology AllianceStan Mork, president of the Information Technology Alliance, has announced plans to step down from his position in August 2019. ITA plans to find a new president through member referrals and is already interviewing interested candidates.

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PROCORE LANDS $75 MILLION

Tooey Courtemanche, Procore TechnologiesProcore Technologies, which markets cloud-based construction software applications, has raised $75 million in funding. The Carpenteria, Calif.-based company last month said it had closed the funding round led by Tiger Global Management.

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MYOB AGREES TO KKR, EXCEPT

MYOBAfter initially rejecting a takeover bid by KKR, Australia-based MYOB has accepted an offer of $3.40 (Australian) per share for the shares KKR does not already. There is one big exception to this—MYOB is free to solicit competing proposals until February 22.

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SWK BUYS CHICAGO-AREA SAGE RESELLER

Merilyn Van Zwieten, Partners in TechnologySWK Technologies, based in East Hanover, N.J, has acquired Partners in Technology, a Sage reseller based in the Chicago area. The announcement by SWK’s parent, SilverSun Technologies, reported PIT had 2018 revenue of more than $1 million.

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ACUMATICA CMO MOVES TO SAP

Kathy Visser-May, SAPKathy Visser-May, chief marketing officer for Acumatica, has become VP of global marketing for SAP. Visser-May was with the cloud-based software company from April 2015 through December 2018.

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