Last week Demandbase raised $175 in a new financing deal arranged by Vista Credit Partners. iEnterprises announced connectors for ChatGPT with CRM and Email solutions. Zoho published a business update for the Middle East before hosting Zoholics Dubai.
Pick of the week
Dynatrace made a series of announcements this week.
It announced a strategic technology alliance with Snyk to make software delivery more secure. The alliance will leverage the DevSecOps Lifecycle Coverage with the Snyk app, built using the new Dynatrace AppEngine. The company also launched the Carbon Impact app to deliver real-time insights into the carbon footprint of an organization’s Dynatrace-monitored hybrid and multi-cloud ecosystem and precise answers detailing how to reduce its environmental impact.
Bernd Greifeneder, Founder and Chief Technology Officer at Dynatrace, said, “Understanding and minimizing environmental impact is a critical component of organizations’ strategies as they work to meet the needs and expectations of their customers, employees, investors, and the communities in which they operate.
“With Dynatrace Carbon Impact, our customers will be empowered with an easy-to-use solution to understand and optimize the carbon footprint of their cloud ecosystems. By making this available to all Dynatrace SaaS customers, we believe we can improve our collective environmental impact.”
Dynatrace announced today that it is extending its platform’s Grail data lakehouse, beyond logs and business events, to deliver new support for metrics, distributed traces, and multi-cloud topology and dependencies. It also launched AutomationEngine. This new Dynatrace platform technology features an intuitive interface and no-code and low-code toolset.
It also leverages Davis causal AI to empower teams to extend answer-driven automation across boundless BizDevSecOps workflows. Lastly, it launched the AppEngine. This new Dynatrace platform technology empowers customers and partners with an easy-to-use, low-code approach to create custom, compliant, and intelligent data-driven apps for their IT, development, security, and business teams.
Appointments
Analytic Partners has appointed Dave Rodrigues as a Senior Vice President for Customer Engagement.
ComplianceQuest has appointed Eric Wessbecker as its Chief Revenue Officer.
Cortical announced that as of January 2nd, Dr Rainer Kegel is CEO of Cortical.io.
Infosys announced the appointment of Shaji Mathew as Group Head of Human Resources, effective March 22, 2023. Shaji will be taking over from Krish Shankar, who retires on March 21, 2023, after serving in this role since 2015.
SalesLoft appointed David Obrand as chief executive officer (CEO) and board member, effective February 13th, 2023.
SD Worx has appointed Nico Reeskens as Director of SD Worx Staffing & Career Solutions Belgium.
Striim Inc, a global leader in unified data integration and real-time streaming, announced that Nadim Antar was appointed Senior Vice President and General Manager of EMEA based out of London, UK.
Trintech announced the appointment of Piotr Marczewski as Chief Revenue Officer (CRO).
Business
Codeless Platforms announced that BPA Platform specialist, Harmonise Solutions, has joined its partner ecosystem. Established in December 2020 by two former employees, Harmonise Solutions has experienced 100% growth since its inception, following huge demand for system integration and business process automation.
Creatio announced the availability of its No-code Playbook in both hardcover and audio format on Amazon. Creatio is now certified in ISO 9001 for quality management. The certification builds upon the company’s commitment to providing the highest quality product to its customers.
Shieldpay has selected Fenergo to realise a comprehensive CLM system and perpetual risk monitoring as Shieldpay scales its operations for its complex B2B payments platform.
SAP and Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), demonstrated a record year of momentum for their partnership by adding nearly 50 joint customers in 2022.
iCIMs will host its fourth annual, award-winning conference, INSPIRE, on May 9, 2023, live from San Diego, Calif.
InterSystems announced the launch of two new private cloud locations in the Republic of Ireland. This enhances the hosted and cloud capabilities InterSystems can deliver to customers across Ireland and the rest of the European Union (EU).
Panintelligence is relaunching its operations in the US three years after global travel restrictions sent its business there virtual. The move follows £1m of new revenues from Panintelligence’s cloud-based products in the firm’s first full year on AWS in 2022, with growth of 46% year on year.
At GreenBiz 23, Salesforce announced it would purchase 280,000-megawatt hours (MWh) of renewable energy certificates from small, distributed energy projects over the next eight years to accelerate clean electricity access in emerging markets and help maintain its commitment to match 100% of the electricity it uses with renewables.
Salesforce announced it had earned the Information Commissioner’s Office’s (ICO) approval of its UK Processor Binding Corporate Rules (UK BCRs).
Sidetrade has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.
Customer
The Accela Civic Platform is powering Abu Dhabi Customs. The Inspection Management System decreases cargo inspection times by 97%. It has improved internal processing, increases staff capacity, and sets the standard for digital customs processes worldwide.
Telenor Norway has selected Accenture to help modernize its IT organization by transitioning to a cloud-based environment.
Appian has revealed that over 200 government agencies use the Appian Platform to accelerate mission attainment through process automation, low-code development and packaged solutions. This includes numerous Appian deployments across all four Department of Defense branches and Intelligence agencies.
Granite Telecommunications saves over $635,000 monthly on manual work, the equivalent of 15,000 worker hours, after deploying the Automation Success Platform, the world’s first cloud-native, AI-powered enterprise automation platform.
Freshworks Inc announced that multiple public sector customers in India use Freshworks software to better engage and support the country’s citizens. Customers include the Pension Fund Regulatory and Development Authority (PFRDA) and the Police Commissionerate of the City of Bhubaneswar.
Freshworks also announced a strategic partnership with Sonata Software. Sonata Software will jointly resell Freshworks’ business software in India.
Fugro has launched a cloud-based, mission-critical equipment management system built with the Mendix low-code software development platform.
Financial Reports
Appian
Appian announced its Q4 and full-year 2022 results. Q4 subscription revenue rose 29% YoY to $68.5 million. Full-year subscription revenues rose 32% year over year to $236.9 million. Total revenue was $125.8 million, up 20% compared to the fourth quarter of 2021. The cloud subscription revenue retention rate was 115% as of December 31, 2022. Total revenue was $468.0 million for the full year 2022, up 27% compared to the full year 2021.
Matt Calkins, CEO & Founder, commented, “Appian grew cloud subscriptions revenue 32% for the full year. Our loyal customers and high gross margins provide a strong foundation as we enter 2023. Organizations are choosing Appian to increase productivity, time to value, and return on investment during uncertain times.”
Cyara
Cyara announced it closed H1 FY23 with 40% revenue growth YoY, a 96% customer retention rate, and a Customer Net Promoter Score (NPS) of 67. In the first half of the financial year, Cyara also completed 25% more load tests than in the same period the prior year. It also saw a two-fold increase in new customer deployments over the previous six months. Cyara hit a new milestone, annually delivering 12.8 billion seconds of synthetic CX testing traffic.
Alok Kulkarni, CEO and co-founder of Cyara, said, “We are proud to say that nearly 300 leading high-profile global brands trust our platform to monitor and manage the experience they provide their customers. We are committed to supporting our customers’ CX ambitions by continuing to improve our technology to ensure the highest level of customer experience possible.”
HubSpot
HubSpot announced financial results for the fourth quarter and full year that ended December 31, 2022. Q4 total revenue was $469.7 million, up 27% compared to Q4’21. FY2022 total revenue was $1.731 billion, up 33% compared to 2021.
Yamini Rangan, Chief Executive Officer at HubSpot, commented, “I’m proud of the way our team stepped up to the challenging macroeconomic conditions that emerged in 2022. We executed well and helped our customers navigate choppy waters. We focused on product innovation and showing the value HubSpot can deliver. As a result, we increasingly see HubSpot becoming the platform of choice for SMBs.
“Looking ahead, we have a tremendous opportunity in 2023 to help our customers grow and make progress on our vision of becoming the #1 CRM platform for scaling companies. We’ve taken the hard but necessary steps to restructure our business, so we’re better positioned to navigate the current environment and emerge stronger long-term. Our mission of helping millions of organizations grow better is as exciting as ever.”
Synopsis
Synopsis announced Q1 2023 results. Revenue for the first quarter of the fiscal year 2023 was $1.361 billion, compared to $1.270 billion for the first quarter of the fiscal year 2022.
Aart de Geus, Chair and CEO of Synopsys, said, “Synopsys delivered a solid start to the year. Building on our strength and momentum from 2022, we met or exceeded all of our guidance targets, and based on the continued robust design activity, we remain confident in our business.
“As a key technology catalyst in the ‘Smart Everything’ world, we are driving groundbreaking innovations that radically advance the design of complex chips and software. For FY’23, we are reaffirming our targets of 14-15% revenue growth and continued non-GAAP operating margin expansion, and expect to grow non-GAAP earnings per share by 18-19%.”
Teradata
Teradata reported its Q4 and full-year 2022 results. Public cloud ARR was $357 million, an increase of 77% as reported and 81% in constant currency from the prior-year period. Total revenue was $452 million versus $475 million in Q4, a decrease of 5% as reported and flat in constant currency. For the full year, the Total revenue was $1.795 billion versus $1.917 billion, a decrease of 6% as reported and 2% in constant currency.
Steve McMillan, President and CEO of Teradata, noted, “Teradata had a strong 2022, including achieving our largest quarter of cloud growth ever, and meeting or beating every element of our annual outlook.
“It was only in the middle of 2020 that we set our sights on our cloud-first future. In that short amount of time, and despite challenging macroeconomic factors, Teradata delivered more than a six-fold growth in cloud ARR. It’s clear that our strategic transformation is right for the market, and the proof is in both our financial results and the continued recognition of Teradata as a leader in cloud data and analytics.”
Product
Alteryx announced new self-service and enterprise-grade capabilities to its Alteryx Analytics Cloud Platform to help customers make faster and more intelligent decisions. The enhanced platform, which now includes all access for Designer Cloud, offers an approachable, easy-to-use drag-and-drop modern interface accessible to employees of all skill levels without compromising data governance or security standards.
Clearbit has expanded its Powered by Clearbit program. It now lets product and engineering teams, easily provision new API keys, offer free data credits to end customers and enable those end customers to purchase additional data via Clearbit On Demand.
Igloo Software announced the “Igloo Digital Assistant”, a new feature designed to enhance the digital employee experience by reducing context switching between apps.
Onit announced a set of feature upgrades to its CLM solution that enrich data analytics and more closely tie contract processes with key stakeholders across the enterprise — from procurement to sales. The update includes a risk analysis dashboard, clause usage dashboard and integrations to Salesforce and SAP Ariba.
Salesforce announced new fields for gender identity and pronoun data in its products. This opt-in enhancement will give organizations more inclusive ways to collect, manage, and utilize data, enabling them to build trust and form deeper connections with their customers.
