News and Analysis

News and Analysis (15677)

INFOR VET ABBOTT CEO OF IVANTI

Jeff Abbott, who headed Infor’s channel program for several years, has become CEO of Ivanti. Abbott joined the Atlanta, Ga.-based company as president in January 2020.

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EXACT HIRES MARKETING LEADER

Exact has hired Louise Meijer as chief marketing officer. She is one of four senior executives the Netherlands-based ERP software company has hired in the last three months.

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SAGE REORGANIZING; LAYING OFF

 Sage is undergoing a reorganization that moves it far closer to its goal of One Sage. At the same time, it said it will cut 820 roles globally, but create other ones.

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BILL.COM SELLS $1.9B DEBT/STOCK

Payments software company Bill,.com  has raised $1.9 billion through a secondary stock offering and the sale of convertible debt. The recently closed rounds involved the sale of $1,150,000 in stock and $575 million in notes.

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COMPUTERWORKS TOP ACCUFUND SELLER

ComputerWorks NFP Solutions has been cited as the Volume Sales Leader Overall by nonprofit software vendor AccuFund. This was one of nine 2020 AccuFund Leadership awards presented to the software company's resellers in a virtual session this year.

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TRUECOMMERCE BUYS DICENTRAL

 EDI supplier TrueCommerce has acquired DiCentral, which products B2B and API products. Terms were not disclosed.

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VERTEX BUYS SAP SPECIALIST

Indirect tax software provider Vertex has acquired LCR-Dixon Corp. Terms were not disclosed.

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PROCORE BUYING LIEN SPECIALIST LEVELSET

Construction software vendor Procore Technologies, which went public in May, is acquiring Levelset for $500 million. Levelset, whose products include lien rights management software, will operate as a subsidiary of Procore.

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SURVEY: BIZ DOESN’T TRUST ANALYTICS

Businesses have a high degree of distrust in predictive data analytics which is slowing adoption of that technology. That conclusion is contained in the report “Unleashing the Potential of Predictive Analytics in Financial Services”, recently released by software vendor Qlik.

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BILL.COM RAISING $1.5 BILLION

 Bill.com is raising $1.5 billion in concurrent stock and debt issues this month. The payments software company has filed prospectuses with the SEC for the sale of $1 billion in stock and $500 million in convertible senior notes.

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