News and Analysis

News and Analysis (15677)

SAGE LEADER SOHN LEAVES

Joo Sohn, who has been with Sage since December 1993, is leaving the company, it was announced this week. Since 2004, Sohn has been the director of partner programs.

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ACCLERATOR HELPS MINORITY BUSINESSES

 Oracle NetSuite has launched a program to help build businesses for a variety of groups. NetSuite Accelerator will first focus on helping black entrepreneurs and leaders building sustainable businesses.

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ACUMATICA GETS NEW CEO

Acumatica has named a new CEO, John Case, effective March 1. He replaces Jon Roskill who became CEO in March 2014.

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AVALARA EVENTS GOING VIRTUAL

Avalara is holding two conferences virtually this year. These include the second annual virtual developer conference, Avalara Next, on March 30.

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M&A SPURS AVALARA IN 2021

Avalara had revenue growth of 39.4 percent for the year end December 31 with acquisitions providing 11 points of that growth. The sales tax software company reported revenue of slightly less than $699 million, compared to $500.6 million for 2020.

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ALITHYA: LOSS DROPS, REVS BOOM

 Alithya has reported 27-percent drop in its loss year-over-year and a 55.4-percent rise in revenue for the third quarter ended December 31. The Dynamics and Oracle reseller expects to continue strong growth, having hired 190 new employees during the quarter .

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FAYE BUYS MASTERSOLVE 

Faye deepened its CRM business with the acquisition of Mastersolve this month. Terms were not disclosed.

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BILL.COM SEES ORGANIC, M&A GROWTH

 Bill.com experienced  sharp revenue growth during the second quarter ended December 31. But the payments software company spent the increases to support further growth.

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SPRINGBROOK SOFTWARE BUYS PUBLIQ

 Springbrook Software has acquired Publiq Software in a deal that brings together to companies that serve local governments and agencies. Terms were not disclosed.

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EXACT SELECTS SENIOR LEADERS  

 Exact, based in the Netherlands, has named three new executives. The appointments represent an expansion of the ERP software vendor’ leadership team.

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