Despite the lockdown acquisitions and mergers continue. Cognizant expanded its Workday practise and Apttus merged with Conga. More results were published with some showing concern for the pandemic crisis. Ceridian withdrew any forecast with concerns over licensed user numbers dropping following layoffs. Others, such as Rimini Street, are showing no signs of growth slowing. Perhaps with more companies looking to cut their cloth, it may even see an acceleration.
Ceridian announced that it is to acquire Excelity Global Solutions Pte Ltd. (Excelity) is an Asia-based HCM service provider from the Everstone Group. It sees Ceridian create a larger unit in Asia that will be led by newly appointed Stephen Moore as Head of Asia Pacific, Japan. The deal will close in Q2 and terms were not disclosed.
Cognizant has also strengthened its Workday practice with the acquisition of Collaborative Solutions. Collaborative Solution is a 1,000 strong Workday consultancy firm with a presence in the US, UK, Canada and Australia. It is the longest-tenured Workday Service Partner and has delivered more than 800 deployments across the world.
Kaufman Hall has acquired Change Healthcare’s Analytics Explorer, Performance Manager and other data solutions, collectively referred to as Connected Analytics, and combined them with Kaufman Hall Software. Terms were not disclosed.
Sinch AB has entered into a definitive agreement to acquire the SAP Digital Interconnect group for €225 million. It brings 1,500 enterprise customers using the SAP communications cloud into its portfolio and strengthens its product base.
Freshworks has appointed Tyler Sloat as CFO. He was previously CFO at Zuora, Inc and has also worked at NetApp Inc and Siebel Systems Inc.
Orgvue announced the appointment of Ken Ferguson as Chief Revenue Officer and Neda Scrini as the firm’s first-ever Chief People Officer. Scrini will join the company in a couple of weeks. Ferguson joined last month.
Showpad announced the appointment of Tamara Schenk as strategic advisor), Russell Wurth as vice president, sales enablement, and Wim Borremans as vice president, global partnerships and alliances.
ActiveCampaign has joined Pledge 1%. Jason VandeBoom, CEO and Founder of ActiveCampaign, commented: “At ActiveCampaign, one of our core values is to ‘grow with gratitude’ and we feel fortunate enough to be in a position where we’re able to give back. In these uncertain times, a business’s response will have a long-lasting impact on the employees and communities they serve.”
Alteryx announced a 43% year over year growth in revenue to $108 million in its Q1 results. It issued Q2 guidance in the range of $91.0 million to $95.0 million, an increase of 10% to 15% year-over-year. Dean Stoecker, CEO of Alteryx, Inc. commented: “Alteryx delivered solid results and crossed over $400 million in annual recurring revenue in the first quarter, despite an abrupt and significant change in customer buying behavior late in the quarter. In these challenging times, we believe the importance of data has never been greater, and we remain focused on and committed to helping our customers leverage data to better navigate these circumstances.”
In a separate announcement, Alteryx announced a new global upskilling program to raise the data literacy barn 2020. Alteryx for Goodwill offer free data training to thousands of unemployed workers, across the globe. Students can gain an Alteryx Core certification and will then be invited to join the Altteryx community to further their knowledge and career.
BrightHR has created a COVID-19 resource hub for businesses. It includes fact sheets, template forms, webinars and several other pieces of collateral useful to HR and business owners during the crisis.
Ceridian announced Q1 2020 results this week. Revenue was up 27.1% to $168.8 million. Due to the COVID-19 crisis, it has withdrawn guidance for the full year and also quarterly guidance. It is due to the potential and as the yet unknown impact on existing customer license numbers.
Corcentric has received an $80 million minority growth equity investment from New York-based private equity firm, Bregal Sagemount.
FloQast announced an “Every dollar Counts” program to lure away BlackLine customers. It offers free implementation services to enable customers to leverage the FloQast solution fully.
Forecast has opened its first office in the UK. The PPM vendor also appointed Rob Massa as Chief Revenue Officer. Massa joins from BounceX where he was GM, EMEA.
iCIMS has announced a collaboration with Microsoft to integrate iCIMS with Microsoft Dynamics 365 Human Resources. It will add the talent acquisition solution of iCIMS to Microsoft’s HR solution.
Kryon and Software AG announced new capabilities in their integrated process-driven RPA solution within Software AG’s ARIS platform. Harel Tayeb, CEO of Kryon, commented: “Our combined solutions offer what no other RPA vendor in the market can – the ability to scale up enterprise automation. Especially in these times where employees are working remotely, discovery bots work behind the scenes to find the processes without the need for human intervention.”
Previously quiet about its input in helping organisations through the COVID-19 crisis, Oracle revealed what it has been doing in a blog this week. It is supporting healthcare organisations with innovative applications such as a pre-screening application in the Mexican state of Queretaro. Oracle NetSuite consultants helped Manufacture Bedford Industries create an online store as it converted production to make medical masks. Oracle also donated a Therapeutic Learning System to the US government, and in the UK the University of Bristol has leveraged the hyper-scale capacity of OCI.
OutSystems has become a CIS SecureSuite member. José Casinha, OutSystems CISO explained: “The addition of CIS SecureSuite membership will allow us to share our own knowledge around application and cloud security while accessing a tremendous amount of real-time information and expertise to help secure ours, and our customers’, internet resources more effectively.”
Rimini Street Q1 results show it achieved 18.5% growth with revenue of $78 million. It now has 2,077 active clients as at March 2020, up 12.1% year over year.
Upland Software continued its growth with 40% year over year growth, reaching $68 million in Q1 2020. Jack McDonald, Chairman and CEO of Upland Software, commented: “Our Q1 performance and strong, revised guidance demonstrate Upland’s resilience as we navigate the COVID-19 pandemic. We will pause acquisitions in the short term while nurturing our pipeline and continuing our go-to-market investments.”
Xoxoday has integrated its solution to HROne to create an end to end people management solution.
Kryon has helped reduce the time taken to produce COVID-19 test results at Clalit Health Services with an automation robot. It took half a day to develop and reduces the processing time from 10 minutes to less than a second.
Trimedika is to implement Flowlens cloud MRP and manufacturing CRM software to help manage processes and inventory. It was faced with an increase in demand for its new TRITEMP non-contact thermometer and needed to scale its business and improve processes.
Tanguy Materials, a French building materials company, is implementing Infor CloudSuite Distribution Enterprise. It will consolidate from three ERP solutions to a single solution as part of the project. Tanguy selected Infor partner of Hetic 3 to help with the implementation and ongoing application management. It aims to complete the project before the end of 2021.
Qualtrics announced that Mitsubishi Caterpillar Forklift has chosen Qualtrics EmployeeCM. Telefonica also chose to renew its EmployeeSM license for another year after seeing benefits from the solution in its first year of operation.
Chata, a food manufacturer in Mexico, has switched to Rimini Street for the support of its SAP ECC 6.0 system application. In doing so, it realised a significant saving and improved service.
Peoples Natural Gas has completed its conversion to SAP S/4HANA 1809 from its legacy SAP ERP solution. Essentials Utilities acquired Peoples in March. Ruth DeLost-Wylie, Peoples’ former CIO and current senior vice president of Business Transformation for Essential Utilities commented: “Peoples’ SAP S/4HANA migration was not just a technical conversion but a critical step in laying the groundwork for ongoing innovation and growth. We’re now set up to do more, faster — including embedded analytics, improved financial reporting and hardware optimization. This will be critical, not only as part of a larger organization but also to keep pace with what our customers expect.”
Tyler Technologies success continues. It has now signed up Hamilton County School District in Tennessee for Tyler’s Munis enterprise resource planning (ERP), ExecuTime time and attendance, Tyler Content Manager, and Socrata Connected Government Cloud.
Accelo revealed recent updates in a blog including an update to timesheets. There are also fixes for Gmail, Jira and QuickBooks integration. It has also updated its Android mobile app.
ActiveCampaign has launched a marketplace for more than 250 recipes from ActiveCampaign, ActiveCampaign customers, and ActiveCampaign’s partner network. Many of the recipes are free and provide automation that companies can take advantage of.
Akerna has announced an integration to Metrc for both Trellis and MJ Platform. It means that only a single entry of the information necessary to initiate facility license transfers is required. The solution users the Metrc API and will be rolled out during May to customers requiring it.
Apttus intelligent mobile assistant MAX is now available in the Slack App directory. It enables the creation of NDAs or an agreement search without having to leave the Slack platform.
Ascentis introduced touch-free time clocks with temperature reading capabilities. Part of the Ascentis CarePoint addons, it has integrated a patent-pending thermal sensor with the Ascentis NT8000 time clock. The aim is to improve employee safety on their return to work.
ContractSafe announced new features for its Contract Management solution. It includes redlining and the ability to move scanned documents into Word. Additionally, there is now the ability to use a Google ID to login into ContractSafe and MFA with a third-party authenticator.
IRIS Software Group has launched IRIS Engage. It is free to existing customers and allows HR teams to communicate with employees using text messages and email. The initial 1,000 text messages are free. The tool is preloaded with templated information about COVID-19, saving time for HR teams that do not have the time to pull together such a resource.
Pega has launched Pega Customer Service Unified Messaging Edition. It is a new SaaS-based application that helps customer service teams respond faster and more efficiently to customer inquiries flooding in across disparate messaging channels.
Plumbline Consulting has released a new version of Progressus. It now has tighter integration to Microsoft 365 Business Central. Enhancements include improvements to invoice scheduling, simplifying milestone billing and adding support for subscription billing. It also adds a new optional module Powerpack. This provides new integrated functionality for Microsoft Outlook and Power BI.
Qlik announced the general availability of Qlik Alerting, an intelligent alerting platform for Qlik Sense. It also revealed that Qlik Data Integration has achieved the Amazon RDS Ready designation, part of the Amazon Web Services (AWS) Service Ready Program.
Sage announced new updates to its Sage Business Cloud Accounting, its solution for small business. It includes embedding of AutoEntry into the solution and the availability of CakeHR.
Tally released version 6.6.1 of its ERP solution. It includes updates to Accounts, Inventory and has also improved the user experience and license administration.
Ultimate Software has released UltiPro Giving for Workplace Charitable Giving Campaigns. Free to customers, it enables an organisation to facilitate and promote charitable giving across their organisations. John Machado, chief technology officer at Ultimate, commented: “Giving to our communities has always been core to Ultimate’s ‘People First’ culture, and we couldn’t think of a better way to pay it forward to our customers than to provide a free solution that makes supporting charitable causes easier than ever. UltiPro Giving allows organizations to extend their community impact exponentially while strengthening employee engagement—a crucial element of business success.”
Workato revealed recent product updates included the automation of Zoom webinar data, enhancements to Slack bots, new Slack shortcuts, an updated Google BigQuery connector, and others.
Xero added support for a GST/HST return in Canada. It also improved the reporting for its JobKeeper functionality in Australia.
BlackLine has published findings from a survey of 763 investors that looked at how they view financial reports in firms. Key findings included:
- 79% of global investors believe that CEOs should be held accountable for a company’s financial reporting errors.
- 38% of investors feel that CFOs should be held to account.
- 92% of investors agree that real-time visibility into finances is critical if companies want to stay competitive in the next 12-18 months.
Research by Ivanti into the challenges faced by IT today has uncovered some interesting findings. 48% claim they can spend weeks, or months, renegotiating vendor contracts each year. Another time-waster is operations reports; 52% spend hours, 22% spend days, and 6% spend weeks producing them.
New Qualtrics research looks at what both employers and employees want to happen before they return to working in the same way as they did before the pandemic. It surveyed more than 2,000 Americans. Key findings included:
- 66% are not comfortable going back to the workplace right now with no generational differences.
- 48% don’t expect to return until August.
- 64% want to be able to wear a mask at work.
- 61% want to maintain social distancing.
Sage published research that shows 66 % of small and medium-sized businesses (SMB) have either applied or intend to apply for the Coronavirus Job Retention Scheme (JRS). A third of small companies are now planning to start work in the next three weeks. However, 35% of SMB are confident they can pay staff if JRS ends in June.
SaltEdge has analysed more than 2000+ PSD2 account information and payment initiation APIs in 31 countries against 39 criteria. The report highlights Open Banking compliance and found that 38% of banks are not fully compliant to the declared API standard.
Research carried out by Harvard Business Review Analytics Services and sponsored by ThoughtSpot, revealed how few are ready to leverage data-driven decision making. Key findings include:
- 24% of organizations say they currently have a truly empowered workforce.
- 86% agree their frontline workers need better technology and more insight.
There is hope, 92% believe that with the right technology frontline workers can improve decision making.