Last week Enterprise Times covered a mix of news across vendors, with Sage launching Sage People Payroll in the UK and the US. Sage also acquired Lockstep to add AR and AP automation capabilities to their digital network. Zoho launched Zoho for Startups across the Middle East and Africa, aiming to attract start-ups to their platform.
Agiloft appointed a new CTO and General Counsel, strengthening its leadership team, one of its founders stepped aside and up to the board. Pega appointed Naznine Talik as its new vice president of learning, development, diversity, equity, inclusion, and belonging (L&D, DEI&B). Auditboard launched a new third-party risk management solution, aiming to help firms manage cybersecurity risk in the supply chain. Zellis partnered with Cornerstone HR with a new connector between the two systems. insightsoftware acquired analytics vendor Dundas
Pick of the week
BrightHR has launched a free rota planning tool, BrightHR Light. Rather than focus on the product functionality, the company turned to a customer to explain why this release was important. Kate Nicholls OBE, CEO at UK Hospitality, says: “The tens of thousands of our members’ venues across the hospitality industry know all too well how quickly staffing situations can change, requiring constant changes to the rota which can lead to confusion, mix-ups, and overlapping shifts.
“Rota management is pivotal for the functioning of a hospitality business and is one of the most important aspects of how bars, restaurants and cafes are run. BrightHR Lite makes rota management easier, by ensuring employees are constantly aware of which shifts they have been assigned and saving managers the trouble of drawing up new rotas when changes need to be made. This frees up time to focus on the many other challenging aspects of running a venue.
“Gladly, we’ve moved on from having handwritten rotas on a wall and employees having to come in/call up to find out when they are working.”
Acquisitions
Cornerstone OnDemand Inc, backed by Clearlake Capital Group LP, has completed its acquisition of SumTotal, previously a part of Skillsoft.
Kofax, backed by TA Associates (“TA”) and Clearlake Capital Group LP, acquired Ephesoft Inc.
Appointments
Alteryx has appointed Steve Brodrick as Chief Transformation Officer to lead and advise Alteryx customers on each step of their transformation journeys.
Cognite has appointed Paul Grenet as Chief Revenue Officer. Grenet was previously Global Head of Sales for PTC, an industrial software company, for their Internet of Things (IoT) and Augmented Reality (AR) businesses.
Ellucian has appointed Jeff Dinski as Chief Strategy and Corporate Development Officer.
Lexi Reese has joined Lattice’s Board of Directors. She was previously COO of Gusto.
Qualtrics has appointed SAP Chief Operating Officer for Customer Success Robin Manherz to the company’s Board of Directors. Manherz replaces retiring member DJ Paoni.
Business
Appian has opened a new product development center in Chennai, India. The office is staffed by Appian Engineers, including product managers, software developers, quality engineers, and user experience designers.
NICE announced the expansion of its partnership with Microsoft. It will now deliver the full power of CXone on Azure to create frictionless, personalized digital customer experiences. NICE has received Top Tier status, Microsoft’s highest-level partner designation, for Azure IP Co-sell driving deeper collaboration and strong go-to-market momentum.
The PGA TOUR and Qualtrics announced a new multi-year relationship that designates Qualtrics as the Official Experience Insights Provider of the PGA TOUR and PGA TOUR Champions.
Serviceaide, Inc announced continuing momentum in Latin America, including a strong, established customer base in South America and an expanded sales and support presence in Mexico. It now has a Spanish language version of its ChangeGear ITSM platform and a Spanish language website at Serviceaide – Español
Customer
Salling Group, the Denmark-based retail operator, has transformed its loyalty solution with the Cheetah Digital application. It now rewards customers and engages with them in new and innovative ways as third-party cookies phase out entirely.
Suryoday Small Finance Bank (SSFB) has implemented the Infosys Finacle Core Banking Platform and Finacle Treasury Platform. Finacle will now power SSFB’s retail, corporate and payment engines in an on-premise model supported by IBM’s infrastructure stack.
Sodexo Engage has deployed the OutSystems platform to deliver a robust, secure, fully managed service for its public sector customers in 12 weeks.
The University of Melbourne (UoM) has selected Talend Data Fabric for its cloud data platform, helping the public-spirited institution respond to the changing needs of the business by moving and managing healthy data in the cloud, hybrid, and multi-cloud environments.
Events
OneStream is hosting its annual Splash EMEA User Conference and Partner Summit in Paris from September 14-16 with in-person and virtual attendance options.
Financial Reports
Bill.com announced financial results for the fourth quarter and fiscal year ended June 30, 2022. Total revenue was $200.2 million, an increase of 156% from the fourth quarter of fiscal 2021. Full-year revenues were $642.0 million, an increase of 169% from the prior fiscal year.
René Lacerte, Bill.com CEO and Founder, commented: “Fiscal 2022 was a transformative year for Bill.com. We significantly expanded our platform’s solutions and extended our reach to serve customers ranging from sole proprietors to mid-market companies.
“We entered new strategic partnerships and began building a global customer base, serving businesses in more than 150 countries. With our platform, ecosystem, and scale, we are well positioned to help millions of businesses transform their financial operations.”
Digital Workforce Services Plc published its half-year financial report for 2022. The Group’s revenue was EUR 12.0 (11.1) million and increased by 8%.
NICE reported 16% total revenue growth (530.6 million) and 28% cloud revenue growth for Q2 2022 ($311.4 million). Barak Eilam, CEO of NICE, commented: “It was an outstanding quarter at NICE, as we continued to drive mid-teens double-digit growth in both the top and bottom lines.
“Our strong performance, with 83% recurring revenue driven by our growing cloud business at scale and industry-leading profitability clearly distinguishes NICE among our competitors in a rapidly evolving industry. Our rock-solid balance sheet gives us the fuel to seize additional growth opportunities that will further extend our leadership.”
Funding
HiBob, the company behind Bob, the HR platform, has raised an additional $150M in growth funding just ten months after raising a $150M Series C in October 2021. The latest round was led by General Atlantic, a leading global growth equity firm, with participation from Bessemer Venture Partners and other insiders. The company is now valued at $2.45 billion, with $424 million in total funding.
Product
Globant has launched Retail Studio. With this new service, Globant seeks to help retailers stay ahead of changes in the industry with tools for complete supply chain visibility and automation while reinventing retail through phygital experiences that boost customer engagement.
Globant also launched Fast Code Studio. The new studio will leverage platforms such as Augoor for assisted coding, MagnifAI for smarter testing, and GeneXus for multi-experience development, all of which are part of Globant X, an incubator of innovation that helps productize Globant’s most transformative technology into platforms.
ManageEngine has integrated its key and certificate lifecycle management solution, Key Manager Plus, with Sectigo, an industry-leading identity-first security Certificate Authority.
N-able has launched N-able Cloud User Hub following the acquisition of Spinpanel in July of this year. N-able Cloud User Hub is a multi-tenant Microsoft 365 management and automation platform built for Microsoft Cloud Solution Providers. It allows users to automate the management and security of all Microsoft tenants, users, and licenses.
SalesAgility, the driving force behind SuiteCRM, has released SuiteCRM 8.1.3 & 7.12.7. It is a security and maintenance patch.
Trintech’s latest release of CadencyDirect extends digital workflows for the Office of Finance with new bi-directional workflows for close tasks, enhanced Journal Entry management capabilities, and a greater user experience.
