OneStream announced that Marelli is leveraging its CPM solution to help with consolidation in the Italian-Japanese automotive parts company. At inriver, the new CEO, Niels Stenfeldt, has appointed two CSuite executives for 2023 to help him lead growth. Arctic Shores raised $5.75 million in a Series B funding round.
Pick of the week
Jitterbit announced the early release of Message Queue (MQ) Service. MQ is a cloud-based, multi-tenant message queuing service fully integrated into its Harmony Platform. The MQ service provides customers with the tools and capabilities to create, deploy, and manage message queues to support asynchronous processing, guarantee message delivery and enable more efficient management of system workloads and resources.
Jitterbit also rolled out two new connectors, HTTP v2 and a Salesforce events connector. It also added new recipes and templates to further accelerate hyper-automation for customers.
Vito Salvaggio, senior vice president of product management at Jitterbit, commented, “As companies seek new ways to improve business operations and increase profitability, every step toward streamlining integrations and automating internal processes has a significant impact.
At Jitterbit, we believe that better system integrations and hyperautomation go hand-in-hand—and are both essential to an organization’s success in 2023 and beyond. That’s why we designed our latest Harmony enhancements to deliver what our customers need and want most—simple, highly effective solutions within a single, comprehensive platform.”
Appointments
Calabrio announced the appointment of Kevin Jones as CEO. Kevin succeeds Tom Goodmanson, Calabrio’s current CEO, who is leaving after successfully leading the company for the past 15 years.
Introhive has appointed Lee Blakemore as Chief Executive Officer.
Nexthink announced that Hamza Benamar had been appointed Chief Financial Officer. Hamza will be instrumental in helping Nexthink continue its unprecedented growth with a focus on market expansion.
Orgvue announced the appointment of Oliver Shaw to the position of Chief Executive Officer.
Business
Analytic Partners announced an expanded US presence with a new office in Dallas, Texas.
Creatio announced a partnership with InfoBeans Inc, a publicly listed Digital Transformation and Product Engineering service provider with 1700+ members onboard.
Fenergo released its annual findings on global financial institution fines, which show that the number of penalties issued for crypto sharply rose in 2022. Fines to crypto-financial institutions and their employees reached $193 million, rising by 92% compared to 2021.
KX, the maker of kdb+, the world’s fastest time series database and real-time analytics engine, and EnterpriseWeb, a pioneer in telecom virtualization and automation, have partnered to deliver network observability and automation solutions for performance-critical systems.
CM Group CEO Wellford Dillard introduced Marigold, which brings together the company’s global, cross-channel email and martech solutions, technologies and services under one brand.
OneStream announced a brand ambassador sponsorship with French tennis pro, Caroline Garcia. Garcia joins PGA TOUR golfer Sepp Straka, LPGA golfer Sophia Popov and British Touring Car Championship driver Nic Hamilton as ambassadors for the OneStream brand.
Salesforce has updated its mentorship programme, providing 25 Black-owned business founders with sponsorship, education, and networking opportunities to help grow and develop their businesses.
ServiceNow announced a major partner program transformation to further partner growth and customer success. The multi‑year vision is designed to support the $500 billion market opportunity for the Now Platform and associated partner services with a redesign of the company’s partner program that includes a new Partner Development Fund, among other incentives and benefits.
Wolters Kluwer announced the extension of its strategic alliance with Ernst & Young LLP (EY) to a new global market: Canada. In addition to EY’s operations in the United States, Italy and Belgium, EY Canada will now utilize the Wolters Kluwer market-leading CCH Tagetik corporate performance management (CPM) solution to support and accelerate large financial transformations.
Customer
The Cheesecake Factory Bakery, a global brand dedicated to creating some of the most innovative and irresistible desserts worldwide, is leveraging Creatio technology to bolster its omnichannel transformation and support data-driven decision-making.
Yource, the leading business process outsourcer (BPO) in the Netherlands, successfully employed NICE’s Workforce Management (WFM) solution to further support the transition to a hybrid work model. Yource has seen an increase in forecast accuracy, ensuring more effective service and improving customer satisfaction.
Stemly, a leading decision intelligence provider, has adopted SnapLogic to strengthen its machine learning (ML) capabilities. With SnapLogic’s intuitive no/low-code platform, Stemly has the data it needs in real-time to serve customers better and faster than ever before.
TravelBrands Inc, one of the largest travel companies in Canada, is achieving excellence in HR and workforce management and experiencing significant time and cost savings with UKG technology following its merger.
CGS-CIMB Securities has signed a multi-year contract with Zycus to accelerate its source-to-pay blueprint with Zycus’ AI-enabled solutions. In so doing, CGS-CIMB will be able to centralise, streamline and automate its procure-to-pay processes, supplier communication and accounts payable processes. DeAcero signed a multi-year contract with Zycus, the cognitive procurement software suite pioneer, to accelerate its source-to-pay landscape with Zycus’ AI-enabled solutions.
Events
Domo announced Domopalooza 2023 will take place virtually on Wednesday, March 29, 2023.
NTT Research, Inc, a division of NTT, today announced plans to hold Upgrade 2023, the NTT Research Summit, as an in-person event on March 15-16, 2023, at the NTT Experience Center (XC) and the Metreon, both in San Francisco.
O9 announced that aim10x global 2023 – the company’s premier digital transformation and decision-making event – will be held virtually on March 28-29.
Financial Reports
Experian published its Q3 trading results. Revenue grew in constant exchange rate terms, 16% in LATAM, but only 1% in EMEA/APAC.
Brian Cassin, Chief Executive Officer, commented: “We delivered a good performance in Q3, in line with our expectations, driven by new products, business wins and consumer expansion. At constant exchange rates, organic revenue growth was 6%, and total revenue growth was 7%. After the impact of foreign exchange rates, total revenue growth was 4%.
“While pressures in the global economy are likely to continue for some time, we expect to remain resilient, supported by the delivery of our growth strategy and growth in countercyclical revenue streams. For the full year, our expectations are unchanged, for organic revenue growth of between 7-9%, total revenue growth of between 8-10% and modest margin accretion, all at constant exchange rates and on an ongoing basis.”
Konsolidator revised its outlook for FY2023 citing a strong pipeline and a lower cost base than expected. 2023 revenue is expected to be in the range of DKK 20-22m (previous guidance: DKK 19-21m) with an expected EBIT loss of DKK 5-8m (previous guidance: loss of DKK 8–11m). FY24 is unaffected.
Claus Grove Finderup, CEO at Konsolidator, commented: “Embarking on 2023, we have a stronger pipeline than expected and the implemented cost savings have proven more efficient than anticipated. We are on the right path to profitability and positive cash flows without jeopardizing the value we deliver to our customers.
“This is reflected in the raised guidance for 2023 with expected growth of 20-30% in Annual Recurring Revenue and this makes it easier to navigate in the continued turbulent financial climate. A trimmed organization should not be underestimated.”
Newgen Software Technologies Ltd. announced results for the quarter that ended December 31, 2022. Revenues were RS 255Cr, showing 26% Q3 YoY growth. Diwakar Nigam, Chairman & Managing Director of Newgen Software Technologies Ltd., said – “We are happy to share that we have made good progress and delivered strong performance across key business metrics.
“This is our first quarter with revenues exceeding Rs 250 crores. We witnessed a broad-based growth across all geographies, with overall Q3 revenue growth of 26% YoY. India and EMEA geographies continued to be major growth drivers with revenue growth of 40% and 27% respectively. The subscription revenues had been growing steadily at a healthy pace of 38% YoY. We closed significant cloud/ subscription license projects during the quarter.”
Rockset revealed details of its growth in 2021. During the year, it tripled ARR (3.6x) and doubled its customer base. Notable customers include Meta. Allianz Direct, Seesaw, and Whatnot.
Venkat Venkataramani, co-founder and CEO of Rockset, commented: “This past year I’ve had the privilege of working with engineering leaders and architects from Allianz, Whatnot, Meta and more to operationalize real-time data. I’ve seen these engineering teams disrupt insurance pricing, personalize e-commerce experiences and make real-time insights a part of day-to-day decision making.
“I am both delighted and humbled to see Rockset play such an important role in helping these amazing companies succeed and move from batch to real-time. This next year we’ll see speed, scale and efficiency gains in real-time analytics that have never been achieved before.”
Product
Globant announced the launch of GeneXus 18, a new version of the low-code platform that increases productivity and simplifies the development of applications and systems in a fast-paced digital world.
GoodHabitz has expanded its course library with the simplified Chinese language.
In Hong Kong, NTT Ltd launched a new digital transformation (DX) solution with consultancy services based on the successful business process platform (BPM) intra-mart, owned by NTT DATA.
Pipedrive revealed its enhanced product roadmap for 2023. There are four themes:
- Enable sales teams to close more deals faster by automating and scaling lead engagement.
- Automated assignment (now in Beta) that reduces time spent on manually distributing high volumes of leads to the right owners, increasing chances of closing a deal.
- See the full picture and make data-driven calls with instant deep-dive reporting on the entire sales funnel.
- Tailor the CRM to your business and customize it to match the buyers’ journey.
Serviceaide Inc announced the availability of its winter product line update with the Kruger release. The new release delivers significant advancements in new technology integration and feature upgrades across its full line of ITSM and ESM platforms, ChangeGear, Point Of Business, and Intelligent Service Management (ISM). Furthermore, this release’s new Luma mobile App will enrich all aspects of typical service, support, and other digital interactions, providing faster resolution and a higher self-service experience.
SOCi released a first-of-its-kind enhancement to the platform’s Listings solution, SOCi GeoRank. SOCi GeoRank boosts the power of brands’ local listings and search performance by giving multi-location marketers the ability to see a precise, geographical view of Google keyword rankings from specific points on the map as well as the ability to see ranking averages at the national or group level.
UiPath announced significant upgrades to allow customers to modernize their software testing practices by migrating testing to the UiPath Business Automation Platform.
