News and Analysis

News and Analysis (15372)

AVALARA MOVES INTO BEVERAGE COMPLIANCE

VodkaAvalara has entered the arena of alcoholic beverage compliance with the purchase of Compli. Based in Paso Robles, Calif, Compli, markets compliance services, technology, and software to producers, distributors, and importers of alcoholic beverages in the United States.

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INFOR GROWS EUROPEAN CHANNEL

InforInfor says it is accelerating growth of the Infor Partner Network in the United Kingdom, Ireland and the Benelux countries. That includes recruiting resellers for Infor M3, LN, Enterprise Asset Management, and Human Capital Management.

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SAGE FINDS PAYROLL BUYER

SAGESage has reached an agreement to sell its payroll outsourcing business based in the United States. Sage Payroll Solutions will be sold to iSolved HCM, which is owned by investment firm Accel-KKR, for approximately $100 million.

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LOTS OF DEALS GREAT AND SMALL—2019

equityThe year has kicked off with what seems like a flood of investments. In the last week, business has been booming for software companies raising funds.

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QUICKBASE TO GET NEW OWNER

Rick Willet, QuickBase QuickBase has signed an agreement to receive a majority investment by Vista Equity Partners.  Current investor Welsh, Carson, Anderson & Stowe will retain what was called “a significant investment in the company.” 

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SAGE NA REVS UP 10.4 PERCENT

Steve Hare, SageSage says revenue for North American rose 10.4 percent to about $199 million for the third quarter ended December 31. The statistics were presented this week as part of the company’s trading update.

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VENA SOLUTIONS RAISES $75 MILLION

Don Mal, Vena SolutionsVena Solutions, which makes cloud-based financial planning and analysis software, has raised  about $75 million ($115 million Canadian) in equity funding. That follows approximately $22.5 million ($30 million Canadian) in funds raised in 2016.

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TAXJAR PICKS UP $60 MILLION

Mark Faggiano, TaxJar Sales tax software company TaxJar, which serves eCommerce businesses and developers, has raised $60 million in equity funding. It will invest in hiring and also in TaxJar Plus, which is designed for high-growth and high-volume eCommerce businesses.

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INFOR GETS $1.2B; TALKS IPO

Charles Phillips, InforSoftware company Infor has finally begun talking about a possible initial public offering. The company initiated the discussion as it announced a $1.5-billion investment from its shareholders Koch Equity Development, LLC (KED) and Golden Gate Capital.

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ORACLE RETAIL DEBUTS OMNICHANNEL SUITE

Chris Sarne, Oracle RetailOracle Retail has introduced the Oracle Retail Xstore Office Cloud Service to centralize store back-office operations. The software company, which built the service on the Xstore Point-of-Service that is already in the market, says the service can be implemented in as little as seven weeks from provisioning.

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