Cisco and NTT strengthened their partnership and will collaborate on delivering 5G to enterprises. Salesforce revealed how Santander UK is leveraging its platform to deliver Navigate. Icertis revealed the success of its relationship with SAP over the last year, adding several joint customers. Amperity announced the opening of a London office that will target EMEA. Salesforce published results from a survey that revealed the lack of data-driven decision-making in business.
Appointments
Pipedrive appointed Alastair Crook as Vice President of Strategy and Corporate Development.
Silversoft appointed René Praestholm as its new international Chief Growth Officer.
Teradata has appointed Jose Garces as the go-to-market (GTM) Vice President of Northern and Southern Europe. The region includes the UK, Ireland, and most of the Nordic countries, Portugal, Spain, and Italy.
Trintech has appointed Piotr Marczewski as Chief Revenue Officer (CRO). Marczewski will drive integration and alignment between revenue-related functions across all global distribution channels for Trintech.
Dr Jessica Kriegel, chief scientist of workplace culture at Culture Partners, and Enrique Rubio, founder of the Hacking HR global learning community, have joined the Workforce Institute at UKG advisory board. The Workforce Institute also named Dr Jarik Conrad, vice president of human insights at UKG, its new executive director.
Business
Arcoro has partnered with myHRcounsel to provide Arcoro customers with on-demand HR and employment law services.
BlackLine Inc extended its relationship with Kofax, a global leader in Intelligent Automation. It has added electronic invoicing capabilities from Kofax’s Tungsten Network to its accounts receivable (AR) automation solutions.
Corcentric Capital Equipment Solutions (“CCES”) has established an equipment finance funding agreement with Customers Commercial Finance, LLC, a nationally recognized equipment leasing and finance firm based in Portsmouth, New Hampshire.
Deloitte and AT&T announced a new collaboration focused on expanding both organizations’ commitments to help reduce global emissions.
FloQast unveiled an all-new brand look and feel. The new brand identity refresh comes on the heels of 2022, filled with company milestones, growth, and momentum. It reflects FloQast’s rapid growth and market leadership as it celebrates 10 years of business.
Gatekeeper announced it had passed its SOC 2 assessment
Freshworks Inc has appointed Sandie Overtveld as the Senior Vice President for its Asia-Pacific, Japan (APJ) and Middle East and Africa (MEA) markets.
Infosys announced it would expand its collaboration with Microsoft to help accelerate enterprise cloud transformation journeys worldwide. Infosys will onboard Infosys Cobalt solutions to Microsoft’s industry clouds to empower enterprises to build agile cloud-powered platforms and innovate at scale.
InterSystems HealthShare Unified Care Record has earned the Certified Data Partner designation in the new National Committee for Quality Assurance’s (NCQA) Data Aggregator Validation (DAV) program.
Nexthink Experience claims it is the first DEX platform to comply with the Federal Information Processing Standard 140-2 (FIPS 140-2) security certification from the National Institute of Standards and Technology (NIST) Cryptographic Module Validation Program.
Pigment has been included in the French Tech Next40 class of 2023, a selective list of the 40 most promising French companies identified as future world-class technology leaders.
C TWO is the new brand name for RPA Supervisor. It has also expanded the capabilities of its first-of-its-kind Automation Management Platform.
Salesforce announced 10 new grantees of the Salesforce Catalyst Fund, which provides critical, unrestricted capital to nonprofits led by underrepresented leaders.
Customer
Agillence has selected the Cleo Integration Cloud (CIC) as a preferred integration option for users of Agillence’s proprietary Transportation Management System (TMS) software solution.
White Stuff has selected Medius’s AP Automation solution to boost efficiency and transparency across the finance department.
Ideal Modular homes have selected MHR’s People First and managed payroll service solutions.
Low Carbon Contracts Company has migrated from MHR iTrent to MHR’s People First, including its payroll solutions.
St Georges Weybridge School has also selected MHR to support its HR and Payroll processes.
Pegasystems announced that Shawbrook Bank, a UK-based specialist savings and lending bank, has deployed Pega Platform to transform its unsecured loans process, improving processing time by 75%, saving 1500 hours per month, and improving customer experience.
Chatter by Stingray, the AI-driven customer insights solution from leading global music, media, and technology company Stingray, is embedding Sisense Fusion Analytics into its customer feedback platform.
Fern Energy, a leading company in the energy sector, is leveraging SugarCRM’s award-winning AI-driven CRM platform to drive greater automation and efficiencies for superior customer account management, service, and field operations.
Symtrax has revealed how Schneider Electric is leveraging Compleo Hybrid to manage the new e-invoicing requirements in Saudi Arabia.
Mitsubishi Tanabe Pharma Corporation, a leading Japanese pharmaceuticals company, has turned to the UiPath Business Automation Platform to improve business operational efficiency that would not have been possible with only human labour.
Financial Reports
N-able
N-able reported results for its fourth quarter and full-year ended December 31, 2022. Total revenue in Q4 rose 7% YoY to $95.8 million. For the full year, total revenue was $371.8 million (up 7% YoY).
John Pagliuca, N-able president and CEO, said, “Last year illustrated the strength of our business model, as we delivered strong financial results, executed on our strategic initiatives to enhance our product portfolio and elevated our reputation as vendor of choice for the MSP market.
“In 2023, we intend to work with our partners to raise the bar and continue to provide them with the tools and services that they need to manage their small and medium enterprise customer environments, secure their endpoints and cloud assets, and grow their businesses and the value they provide in their markets. We are focused and inspired by our partners to innovate, guide, and empower them to achieve their business goals in 2023 and beyond.”
NICE
NICE reported Q4 and full-year revenues. Q4 revenue was $568.6 million, up 10%. Cloud revenue was $358.9 million, up 26%. Total revenue for the full year was $2,181.3 million, up 14%. Cloud revenue for the full year was $1,295.3 million, up 27%.
Barak Eilam, CEO of NICE, commented, “2022 was another landmark year for NICE capped off by strong fourth quarter results as we exceeded the high end of our guidance range with full-year total revenue growth of 14% at constant currency, as well as full-year earnings per share growth of 17%.
“These excellent results, together with further growth in profitability, strong free cash flow and a rock-solid balance sheet, provides us the industry-leading financial position to continue to grow our business, increase profitability and further expand our competitive lead in our markets,”
UKG
UKG announced financial results for the first quarter of fiscal 2023, ending December 31, 2022. Revenue was more than $1 billion in Q1, the first time it has attained that number. Revenue grew 15%, with subscription revenue growing 20% YoY.
Chris Todd, CEO at UKG, said, “Crossing $1 billion in revenue in a single quarter is a major milestone in UKG history and further proof of customer confidence in our company, our solutions, and our people. Customer migrations to our modern cloud solutions more than doubled compared with last year, and we saw an all-time high of new customers selecting full-suite HR, payroll, and workforce management solutions.
“Our investment in the SMB market led to strong sales growth of our UKG Ready product. We also announced the most new offerings we ever have in a single quarter as UKG. We are firing on all cylinders across the business, as companies of all sizes and across all industries recognize how UKG solutions can drive higher productivity, optimize teamwork, and create more opportunities for people to thrive.”
Upland Software
Upland Software reports Q4 results. Total revenue was $78.8 million, an increase of 4% from $75.7 million in the fourth quarter of 2021. Jack McDonald, Upland’s chairman and chief executive officer, said, “In Q4, we beat our revenue guidance midpoint, even after FX headwinds. We are also announcing today our new growth plan.
“Developed over the past six months, our plan sharpens product focus and is centered around an efficient digital marketing and inside sales capability and an expanded cost-effective offshore development platform.
“We believe that the meaningful investments we are making now as part of this comprehensive plan will enable us to drive higher core organic growth and higher AEBITDA margins and enhance shareholder value over time. We will be discussing our growth plan in further detail on our Q4 earnings call.”
Funding
Prismatic has raised $9 million in a Series A round led by Five Elms Capital. The funding will support further investment in Prismatic’s platform, which helps B2B SaaS companies more efficiently deliver native product integrations to the other apps their customers use.
Product
Alation Inc announced Alation Marketplaces, a new product for third-party datasets to augment existing data in Alation Data Catalog for richer analysis. Additionally, the company expanded Alation Anywhere to Microsoft Teams and Alation Connected Sheets to Microsoft Excel to help data users access contextual information from the catalogue directly within their tool of choice.
Corcentric announced the availability of its transformative Intelligent Applications solution. The applications are powered by an Artificial Intelligence (AI) platform designed to extend across Corcentric’s products, enabling finance and procurement leaders to automate and simplify critical business processes.
Einblick unveiled the latest version of Python Canvas. It integrates the intuitive UI of canvas tools like Figma and Miro with the power and flexibility of traditional Python notebooks.
GoodData announced the release of updates to customise the end-user experience to fully support customers in the global deployment of analytics. It includes custom themes, display language localisation and time zone support.
Konsolidator announced the release of integration to the cloud ERP software Exact.
Nexthink announced the launch of Amplify, its new browser-based solution to support faster incident management resolution, the industry’s first solution of its kind.
OneStream expanded capabilities for its Sensible ML solution. The expanded capabilities provide additional transparency and trust for users while increasing agility, time to value and enterprise value associated with operational planning processes.
Salesforce has announced updates for the communications industry. The new Contact Center for Communications extends the Salesforce Contact Center suite of capabilities with tailored solutions for service providers. It has added an Order Fulfillment Date Predictions model to set customer expectations and added new integrations for WhatsApp.
SalesLoft unveiled new editions of its product packages, making it even easier for customers to take advantage of cutting-edge innovations. The editions are Essentials, Advanced and Premier.
ShipStation, the cloud-based eCommerce shipping solutions provider, has announced that UPS is now live on its carrier services platform in the UK.
Sigma Computing announced the availability of a FiveTran usage template.
ThoughtSpot announced the launch of Live Analytics for the Telecom Data Cloud, launched by Snowflake, the Data Cloud company. The Telecom Data Cloud unites Snowflake’s platform, Snowflake- and partner-delivered solutions, and industry-specific datasets. Joint customers like Comcast, BT Group, T-Mobile, and Frontier Communications are already experiencing the business impact of leveraging Live Analytics on their cloud data stored in Snowflake.
Trintech Cadency V10.3 for SAP ERP solution has achieved SAP-certified integration with the SAP NetWeaver® technology platform.
Worknest has launched SafetyNest, a real-time risk management software solution that ensures businesses don’t miss any health and safety obligations. Through an easy-to-use dashboard, businesses can use SafetyNest to save time, protect their workers and demonstrate compliance.
