News and Analysis

News and Analysis (15651)

BLACKBAUD COULD SELL EVERFI

 Blackbaud is continuing what to do with EverFi, which it acquired in January 2022 for about $750 million in cash and stock. Steps considered by Blackbaud, whose CEO Michael Gianoni described Everfi as a “drag on revenue”, include divestiture.

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NET AT WORK, KENSIUM SWAP

 Net at Work has acquired the Acumatica business of Kensium. Simultaneously, Kensium acquired Pixafy, an ecommerce agency, from New York, N.Y.-based Net at Work

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FRÚMBOLI JOINS INFOR VAR

Sam Frúmboli, who spent eight years at reseller Blytheco, has joined Infor VAR, Decision Resources.

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SAP REVS UP 10 PERCENT

SAP has reported revenue of roughly $9 billion for the second quarter ended June 30, 10-percent increase year-over-year and also up 10 percent in constant currency.

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VENA TOPS $100M ARR

Planning software publisher Vena says it has topped $100 million in annual recurring revenue.

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ACUMEN BUYS DYNAVISTICS

 Acumen Information Systems has acquired Dynastics, a Dynamics reseller. Terms were not disclosed

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INTACCT LEADER LEAVES NET AT WORK

 Tom Thornton, who has led the Intacct practice at Net at Work, has left the position he has held since April 2021.

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IFS BUYS AVIATION UNIT

IFS has acquired EmpowerMX, which makes aviation maintenance software.

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VISMA REVS JUMP 21 PERCENT

 Revenue for ERP vendor Visma reached about $762.9 million for the second quarter ended June 30, a year-over-year increase of 21 percent.

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DEROSA JOINS DEAN DORTON

 DeRosa Mangold Consulting has become part of accounting firm Dean Dorton this month.

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