News and Analysis

News and Analysis (15677)

B’BAUD SETS THREE-YEAR CONTRACTS

 Blackbaud has introduced three-year contracts as standard for its software. In its recent earnings webcast, the nonprofit software company said three-year contracts will have compounded annual rate increases.

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PROCORE TRIMS LOSS, REVS UP

 Procore Technologies reduced its loss by 11.2 percent on a 34-percent increase in revenue for the first quarter ended March 31.

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WESTERN COMPUTER'S COLLINS RETIRING

 Linda Collins, president of Western Computer, will retire from the Dynamics reseller on August 1. She joined Western in 1987.

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AKTION HIRES ISV DIRECTOR

Aktion Associates has hired John Fox as its ISV director. Fox is responsible for cross-divisional ISV strategy which is a reseller and managed service provider.

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F’FORCE BECOMES CERTINIA

 FinancialForce has changed its name to Certinia. The company said this week the change is because of the expansion of its product line with the addition of financial planning and analysis, among other additions.

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PROCORE CEO PAY UP 30 PERCENT

Compensation for Tooey Courtemanche, CEO of Procore Technologies rose 30.3 percent year-over-year for the year ended December 31, the company recently reported to the SEC this mohth.

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EPICOR GROWS ASIAN PRESENCE

Epicor has made some significant moves in expanding its infrastructure the Asian market this year. It has opened two data centers, one in the United Arab Emirates in January, the other this month in India.

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VISMA REVS RISE 19 PERCENT

Revenue for Visma increased by 19 percent for the first quarter ended March 31. The first-quarter revenue for the Norway-based ERP vendor approximately $633 million.

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BLACKBAUD CEO PAY DIPS

Pay for three of Blackbaud’s top executives dropped by double digits for 2022. Documents filed by the nonprofit software company with the SEC showed the drops for CEO Mike Gianoni, CFO Tony Boor and CTO Kevin McDearis

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MILAN NOW THIRD WAVE CEO

 Chris Milan has become CEO of SAP reseller, Third Wave Business Systems. He was taking over from Korey Lind, who founded the New Jersey-based organization in 1993.

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