News and Analysis

News and Analysis (15677)

REPAY ACQUIRES COLLECTIONS BIZ

 Payments company Repay has started 2022 with the latest in a string of acquisitions. Repay has acquired Payix for $95 million in cash on hand and through its revolving credit facility.

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CPA FIRMS ADVANCE IN RESELLING

CPA firms left their mark on the mid-market ERP reselling business in 2021. They were represented in top awards for Acumatica. Dynamics, Oracle NetSuite and Sage Intacct.

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SAGE AQUIRES BRIGHTPEARL

 Sage has acquired retail software specialist Brightpearl. Sage paid about $299 million for the 83 percent of Brightpearl it did not already own.

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SOVOS BUYS GERMAN VAT CO.

 Sovos, which markets indirect tax software, has acquired TLI Consulting, a company-based in Germany. Terms were not disclosed. 

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EXPENSIFY: ADVERTISING RESUMED

Expensify registered what it said was its best quarter for paid member growth since the start of the pandemic. Those results included reaching 667,000 annual monthly members, rising 4.3 percent from 639,000 the prior quarter.

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QUITTERS SPUR MANAGER BURNOUT

 The wave of resignations in the American workforce is taking a toll on manager. A study by Oracle NetSuite and Wakefield Research says 34 percent of managers surveyed are considering taking a less demanding job.

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PALSULE LEAVING EPICOR

Himanshu Palsule is leaving Epicor Software after more than six years with the company. Palsule announced his decision this week on his LinkedIn page.

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CRESTWOOD HIRES MARKETING CHIEF

 Reseller Crestwood Associates has named Stephanie McColly as its chief marketing and integration officer. CEO Tim Thompson says her hiring in the newly created role will help the firm grow.

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ELLISON: 100K NETSUITE CUSTOMERS BY 2026

 Never-modest Oracle chairman Larry Ellison expects to have 100,000 NetSuite customers within five years, up from the current 28,000.  Ellison made his prediction during the recent webcast for the software company’s second quarter ended November 30.

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PRIORITY ENTERS EDUCATION MARKET

Priority Software, which markets ERP software in the United States, has acquired Mashov, which markets educational software market in Israel. Priority says it will take the product global.

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