The first week of 2023 saw a flurry of appointments and several acquisitions announced or completed. The biggest will be the acquisition of Talend by Qlik. Both are majority owned by Thoma Bravo. Thomson Reuters announced the acquisition of SurePrep LLC, already a partner; the agreement will benefit all involved parties. In the future, SirionLabs may be another looking to acquire, after it added $25 million to its Series D funding round. Skillsoft partnered with GoodHabitz to bring more well-being courses to its LMS. Enterprise Times finally published the remainder of an interview with Jim Triandiflou, CEO of insight software.
Acquisitions
Accenture completed its acquisition of Inspirage, an integrated Oracle Cloud specialist firm with an emphasis on supply chain management, headquartered in Bellevue, Washington. The acquisition further enhances Accenture’s Oracle Cloud capabilities, helping it accelerate innovation for clients through emerging technologies, such as touchless supply chains and digital twins.
PTC announced the completion of its acquisition of ServiceMax from Silver Lake. The acquisition adds important field service management (FSM) capabilities to PTC’s closed-loop product lifecycle management (PLM) and digital thread offerings. Jim Heppelmann, President and CEO of PTC, commented, “Completing the ServiceMax acquisition ushers in the next era of PTC’s closed-loop PLM strategy. With the ServiceMax FSM suite in our portfolio, the solution set we can now offer for the service part of the product lifecycle is one of the broadest in the industry. We look forward to expanding the ServiceMax business globally and bringing these important product service capabilities to our customers.”
Qlik announced its intention to acquire Talend, which would bring together two Thoma Bravo-backed industry leaders with a shared focus on adding value to data, to deliver business outcomes for customers. Seth Boro, a Managing Partner at Thoma Bravo, commented, “We are excited about this proposal to have two of our leading portfolio companies join forces to accelerate the vision of making a difference in the world through data. The proposed combination of these two growing and profitable businesses, under the leadership of Mike Capone, would have significant global scale and an unparalleled product portfolio.”
Redwood Software announced its acquisition of Tidal Software, a leading enterprise workload automation provider. The acquisition adds increased depth and breadth to Redwood’s already extensive suite of automation solutions, which includes RunMyJobs, ActiveBatch and JSCAPE. Joining forces also builds on Redwood and Tidal’s shared commitment to being laser-focused on automation, innovation and customer success.
Appointments
Shirley Edwards was elected to the Appian Board of Directors. Ms Edwards was also named Appian Audit Committee Chair. She assumed both roles as of January 1, 2023.
BlackLine, Inc announced that former Deloitte Advisory CEO Owen Ryan had been elected Board Chair, effective January 1st, 2023. A member of BlackLine’s board of directors since 2018, Mr Ryan will continue to draw on his extensive boardroom and leadership experience in his new role.
BlueConic has appointed Cory Munchbach as its new CEO.
Neo4j has appointed Alyson Welch to the company’s executive leadership team as its first Chief Revenue Officer (CRO). Welch will lead Neo4j’s global field and partner operations, services, and customer success organizations, reporting directly to CEO and Co-Founder Emil Eifrem.
Nintex has appointed Jen Bailin as Chief Commercial Officer (CCO). She joins Nintex, having spent more than two decades leading high-performance sales and marketing teams at SAP, Microsoft, Salesforce, Cisco, and AWS.
Zilliant announced the appointment of Rick Sorensen as Chief Financial Officer.
Business
The Office of Comptroller of the Currency (“OCC”) has authorized the Ceridian National Trust Bank to open on January 3, 2023. Effective on this day, the Ceridian National Trust Bank commenced banking operations, acting as trustee for Ceridian’s U.S. payroll trust.
Customer
Infosys Compaz announced a collaboration with Singapore-based info-communications provider StarHub, to enable their IT transformation while strengthening their technology operations, service management and cybersecurity. Through this engagement, Infosys Compaz will boost StarHub’s foundational technology platform’s quality, performance, availability, responsiveness, and cost efficiency, while improving customer satisfaction and minimizing cyber risks.
Event
Registration is now open for Ellucian Live 2023. Its annual conference will be held March 26-29, 2023, at the Ernest N. Morial Convention Center in New Orleans.
Financial Reports
OneStream issued a business update for its fourth quarter of 2022, highlighting strong growth and an expanding customer base. Its Annual Recurring Revenue grew 50% year-over-year, surpassing $300 million in the fourth quarter ending December 31, 2022, and the customer base grew 25% to over 1,100. Tom Shea, CEO at OneStream, commented, “Agility and transparency are going to be critical for business success in 2023. A growing number of organizations are leveraging OneStream to unify complex financial processes and create a single source of truth for reporting, planning and decision-making; replacing multiple legacy CPM applications, spreadsheets and point solutions. With OneStream, business leaders are armed with consistent, transparent data and actionable insights to inform critical decision-making and to help drive long-term success.”
Product
CData Software announced the certification by Microsoft of a new Power BI connector for CData Connect Cloud. Bob Zhang, Program Manager, Microsoft Data Integration, commented, “Microsoft business intelligence tools aim to make it easier for everyone to work with their data. It’s evident that CData shares that vision, and by certifying the CData Connect Cloud Power BI Connector, we are creating further opportunities for teams to access, analyze, and action their data in the cloud and beyond.”
