News and Analysis

News and Analysis (15677)

BLACKBAUD HAS MORE LAYOFFS

Blackbaud said it eliminated open positions and reduced its workforce last week. The layoffs, announced during the week's earning webcast, were in addition to others announced on August 3

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AVIDX EXCEEDS PROJECTIONS

 AvidExchange has reported that with the financial results for the third quarter ended September 30, it has achieved five consecutive quarters of exceeding internal projections.

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EPICOR BUYS CANADIAN SERVICES BIZ

Epicor has acquired the professional services assets of Evron Computer Systems, a Canadian managed IT services provider. Terms were not disclosed.

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PROCORE REVS UP 41 PERCENT

 Procore Technologies, which reported 41 percent revenue growth for the third quarter ended September 30, is not seeing a slowdown in demand, the company said this week. Executives for construction software company made the comments during the week’s earnings webcast.

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VISMA SAAS REVS RISE 27 PERCENT

SaaS revenue rose 27 percent for Visma for the third quarter ended September 30, while total revenue included by 20 percent, 13 percent organically.

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BDO USA BUYS NETSUITE VAR

 BDO USA has acquired AdaptaLogix, a NetSuite Solutions Provider and developer.

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VELOSIO PICKS NEW CEO

Dynamics reseller Velosio has chosen Bob Knott as CEO. He has succeeded Joseph Longo, who has become executive chairman, remaining active in the business.

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SAP CLOUD REVS UP 38 PERCENT

 SAP reported cloud revenue increased by 38 percent for the third quarter ended September 30, up 25 percent in constant currency, to roughly $3.27 billion.

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SAGE MULLS LEGACY S'WARE EVENTS

Sage this year eliminated Sage Summit, the conference which served its legacy products such as Sage 100/300 and the 100 and 300 construction and real estate. Originally, Sage said it would invite users of these products to the newly named Transform, originally Intacct Advantage.

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IFS RECURRING REVS UP 42 PERCENT

IFS has reported annual recurring revenue reached about $385 million for the nine months ended September 30.

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