More acquisitions this including Saba by Cornerstone for $1.35 billion, the second major coming together in the HCM space after last weeks merger of Kronos and Ultimate. Results are still filtering out with Upland making steady progress towards the one billion revenue.
Acquisition
Veritas Capital has completed the acquisition of Campus Management and Edcentric from Leeds Quity partners. Terms were not disclosed.
Cornerstone is to acquire SABA. The deal will see the company acquire the learning management platform for $1.395 billion in cash and shares from Vector Capital. Adam Miller, CEO and founder of Cornerstone commented: “Saba and Cornerstone have always shared a passion for people development, and together we can accomplish great things. The additional depth of expertise and capability from Saba is an ideal complement to Cornerstone. With the combination, our product development team is expected to significantly expand, giving us the ability to develop faster, further increase competitive differentiation, and help millions of people around the world to overcome the skills divide.”
Intuit is to acquire Credit Karma for $1.7 billion in cash. Credit Karma is a consumer finance technology platform with more than 100 million members in the U.S., Canada and U.K.
Freshworks has announced the acquisition of AnswerIQ, a provider of ML and AI for larger enterprises that want to better serve their customers. AnswerIQ CEO Pradeep Rathinam will join the senior executive team at Freshworks as chief customer officer,
Appointment
BlackLine has appointed Marc Huffman as President. Huffman will continue in his role as Chief Operating Officer and is likely to take a seat on the board, subject to a vote at the next board meeting.
Delphix has appointed Steve Chung as President Worldwide Field Operations. Chung was previously Senior Vice President of Worldwide Sales, Customer Success, and Services for global SaaS company PagerDuty. He has also worked at companies including Morgan Stanley, StubHub, HP
SYSPRO has appointed Brian Rainboth as the General Manager for Canada. He was previously CEO at Paywith USA and had long stints at Sage and SAP.
Vena Solutions has appointed Allison Munro as Chief Marketing officer and Tina Goulbourne as Chief Operating Officer. Vena CEO Hunter Madeley commented: “Allison and Tina are proven leaders in tech here in Canada, with the right blend of strategic vision and operational rigor. We have a focused executive team and are fortunate to be able to leverage our many dimensions of diversity to solve for our customers.”
Workfront has appointed David Burggraaf as Chief Technology Officer. He joins the company having spent 15 years in senior leadership positions at Instructure, FamilySearch, and Microsoft. Burggraaf was named 2018 CTO of the Year by the Utah Technology Council.
Business
Asite has announce the launch of its first data centre in UAE as it looks to support its growing global presence. Devendra Gera, Chief Technology Officer at Asite said: “In terms of security and compliance, Asite is at the top of its game. Our platform in the UAE is certified for quality management, information security, business continuity management systems, and service management systems. MENA is a major focus for Asite in 2020 and beyond. This is an exciting step in cementing our presence in the UAE and supporting continued growth in the region.”
Clarizen has joined the McAfee CASB Connect Partner Program. Its intent is to rapidly secure Clarizen One through the self service PAI connectors of MVISION Cloud. Meir Uziel, VP Managed Services, Clarizen commented: “As a leading enterprise collaborative work management solution, we know that security ranks very high for businesses when selecting their cloud service provider. Our partnership with McAfee offers an added layer of protection to large enterprise organizations, giving our customers confidence that their data is safe and secure without getting in the way of collaboration and business processes.”
Cornerstone announced its Q4 and full year results. Revenue for Q4 grew by 8.2% to $149.6/Full year revenue was up 8.5% to $576.5, slightly above guidance.
ECI has announced a strategic relationship with LillyWorks Inc. it will see the LillyWorks Protected Flow Manufacturing integrated to and available with Macola ERP.
Hasura has successfully completed a series A funding round led by Vertex Ventures. The San Francisco and Bangalore-based company provides data access and data flow tools and services via GraphQL APIs. Other participants include SAP.iO Fund, Nexus Venture Partners and Strive VC. SAP is to work with the start-up to enable support for SAP HANA as well as offer native GraphQL capabilities to the SAP Cloud Platform Integration Suite.
Intuit has announced a partnership with Karbon to deliver Intuit Practice Management powered by the Karbon technology. Jorge Olavarrieta, Vice President of Product Management at Intuit commented: “With Intuit Practice Management, firms can now increase their team’s output with a centralized, collaborative work management platform deeply integrated with their email and the tax software they know and love from Intuit.”
Navint and Jitterbit have partnered to bring a complete solution for companies looking to integration solutions to Salesforce CPQ engine. The Jitterbit integration platform combined with the Navint services expertise will provide pre built templates that speed up the implementation of recurring revenue billing systems.
Outreach has opened its first international office, in London UK. It will be headed by Tom Castley, Vice President of Sales, UK. It will be the EMEA headquarters for the Sales Engagement solution company.
Qlik has extended its partnership with Databricks by joining its data ingestion network.
Upland continued its growth trajectory after announcing Q4 and full year results this week. It posted $66.1 million revenue for Q4, an increase of 46%. Full year revenues were up 49% to $222.6 million. Jack McDonald, chairman and CEO of Upland Software commented: “Q4 was an impressive finish to a transformational year marked by strong revenue growth, expanding margins, market leading product innovation, and record acquisition activity. As our strong guidance indicates, we are positioned for a great 2020 with four compelling enterprise clouds, proven new go-to-market leadership, and a robust acquisition pipeline.”
Customer
Colliers Real Estate firm is leveraging the OutSystems platform to improve its deal management process. Mihai Strusievici, Global VP of IT for Colliers said: “Our business depends on our ability to process complicated deals for a wide variety of business interests. We are leaders in the industry and expect our technology to be on the same level. After considering buy and COTS (commercial off the shelf) options, we decided to rebuild what we had from scratch to create a solution that met our requirements exactly. At the same time, we decided to revisit our whole approach to application development to make the business more agile.”
QueryClick an independent digital marketing agency has selected Deltek Workbook and Deltek Power Launch to help manage its business more efficiency. Neil Davidson, Vice President of EMEA Sales at Deltek commented: “Growing agencies like QueryClick need a purpose-built solution to help them get full visibility into project and financial data, so they can make better business decisions. We look forward to partnering with QueryClick and helping them work more efficiently and win more business – now and in the years to come!”
ARO Drilling has deployed IFS Applications. The offshore drilling contractor is a joint venture between Saudi Aramco and Valeris. It has rolled out the solution to 400 full users and 2,000 self-service users across its drilling platforms and on-shore operations.
Raval has implemented Infor M3 ERP with the support of Intentia Israel. Zachy Abraham, Intentia Israel’s senior project manager, said: “In consultation with our team, Raval chose the latest release of Infor M3 version 13.4. During the project, we chose to stick to the best practice business processes in Infor M3 and embed smart solutions in the user interface. This move will make dozens of adjustments and result in tremendous savings in maintenance resources, giving Raval an operational solution at the corporate level.”
Stagecoach has selected and has deployed Infor EAM with the assistance of Sapphire Systems. Sam Greer, Stagecoach technical & engineering services director noted: “With 8,300 buses, 100 depots and 2.5 million passenger journeys to support every day, ensuring fleet availability is crucial. Infor CloudSuite EAM will enable our team to spend more time on the shop floor and less time manually inputting data.”
Hawke’s Bay Regional Council in New Zealand is to use the Nintex Process Platform. It will enable it to improve the management of the regions rivers, lakes, soil, air, coastline and biodiversity
P2 Science, Inc a specialty chemical manufacturer based in Connecticut has selected ProcessPro ERP. Neil Burns, CEO of P2 Science said: “As we grow sales of our novel renewable products in the fragrance and cosmetics markets around the world, we need a robust ERP system to help plan and manage the business.”
Orion Novotus is to leverage Saba talent acquisition to extend its recruitment outsourcing services. Cory Kruse, President at Orion Novotus commented: “We’re committed to helping our clients overcome their greatest recruitment challenges, address skills shortages, and meet unexpected demand – and to do that well, we need a recruiting solution that is quick to deploy and flexible enough to support any type of hiring strategy or process for our clients.”
HAPM Magna Seating System (Thailand), a global automotive supplier selected and implemented QAD Adaptive ERP. The company chose to deploy a cloud-based solution from QAD over SAP.
Product
Agiloft unveiled its February 2020 release and the Agiloft AI Engine. The latter introduces ExtractAI, ClassifyAI, and RiskAI tools that bring AI capabilities to the contract management platform. Christian Thun, VP of engineering at Agiloft commented: “With our AI Engine and included AI functionality, Agiloft has a unique position in the market. Agiloft is the only no-code CLM platform today that provides open AI capabilities. The automation and configuration opportunities with Agiloft are unmatched, and we are looking forward to further expanding our AI functionality in 2020.”
Conga unveiled the next generation of its end to end Digital Document Transformation Suite at its annual conference. Available on March 3rd it includes improvements across the platform.
Intraworlds Alumni Platform is now available in the SAP App centre. The solution integrates with SAP SuccessFactors and enables companies to keep in touch with their Alumni.
Pipeliner CRM Cloud v2.9.0 is now available. It has increased the maximum email attachment to 25MB and made it possible to delete emails. There are also improvements to the administration function and other bug fixes and minor improvements.
Planful revealed its Winter 20 release. This is the first since it rebranded from Host Analytics. It includes an Automatic Data Refresh feature that ensures users are working on up to date data when collaborating.
Pulseway has improved the UI of its mobile application. Features include new styles and fonts and a smoother workflow experience. It has also added a dark mode to its Android and iOS apps.
RapidMiner 9.6 is now available. The update to the data science platform includes the automated machine learning solution RapidMiner Go. JupyterHub is fully integrated within the platform and there is full integration to Grafana, an open source data visualisation tool. Dr. Ingo Mierswa, Founder of RapidMiner commented: “Our goal with RapidMiner 9.6 is to help expand access to data science for users of every skill level. Data Science is a team sport and RapidMiner 9.6 and the new RapidMiner Go are the best tools to support all players on the team.”
QAD has released a USMCA Benchmark Tool. It supports companies checking their readiness to comply with the rules of origin in the new United States – Mexico – Canada Agreement (USMCA). QAD Precision also provides Free Trade Agreement (FTA) software. This enables companies to determine FTA origin in real-time and within fractions of a second.
Scoro announced a new release to its business management solution. It delivers improvements to UI and UX as well as some feature improvements. These include the ability to create a bill from a quote, an improved Pipeline report and updates the Planner.
Research
Advanced published a Digital Natives Report looking at how companies are missing out on a lack of recruiting of Gen Z natives. 26% of Generation Z workers believe that their companies are not doing enough to attract the younger generation. Gordon Wilson, CEO at Advanced, commented: “Leaders must embrace the younger generation as a priority – and that means being open to change and a different way of doing things. What’s more, they mustn’t underestimate what this new generation can achieve or pigeonhole them into uninspiring roles. Rather, they need to create roles based on their skills, knowledge and talents.”
Sage has published a report entitled ‘Discrete Manufacturing in a Changing World’. It found that 75% of UK firms are in the midst of transformation. 96% of British discrete manufacturing firms are impacted by green manufacturing trends, 66% of those are pursuing a servitisation strategy.
Xero has published the Boss Insights 2020 report. It analyses the Australian Bureau of Statistics data from 1991 to 2019 around small business in Australia. It shows Australia has increased professional services firms, but agricultural and retail business have declined in number. It also reveals that nearly two thirds of new business in the last decade were founded by women. Bernard Salt, demographer and Boss Insights report author, said: “What I have discovered from the study is the relentless energy and determination of the Australian people, in all parts of the continent, to build a business and to thrive. Not all businesses survive but there is no shortage of Australians putting their hand up in pursuit of what is perhaps the ultimate Australian dream — the quite ennobling ideal of being your own boss.”
