Last week NetSuite revealed that GlobalStar chose Oracle NetSuite ERP over SAP and has not regretted the decision. Epicor acquired FP&A partner Performance Canvas by DSPanel. Workday continued delivering solid growth in its fourth quarter and full-year fiscal 2023 results.
Pick of the week
Intuit announced today the 2023 cohort of the Intuit Prosperity Accelerator: Toronto in partnership with Highline Beta. The participants are:
Supporting small businesses & the self-employed:
- Carbonhound is an all-in-one platform that helps small businesses simplify carbon management by consolidating measurement, reduction, offset, and marketing services in one place
- NetNow is a buy-now-pay-later and checkout platform for B2B transactions, focusing on companies in the construction industry
- Requity Homes is a real estate platform that’s modernizing the path to homeownership through a rent-to-own program
- Spruce is an AI-powered loan origination and decisioning software that can collect, analyze, underwrite, and monitor small business data.
Supporting consumers:
- Chexy is a payments platform that allows tenants to earn rewards and build credit on rent, leading to potential homeownership
- goPeer is a peer-to-peer lending platform that provides low-interest loans to borrowers, while generating interest for investors from excess capital
- LenderBidding is a licensed platform that offers salaried agents for consumers who seek to borrow from a private lender
- Parachute offers loans and supports consumers to improve their financial wellness through debt management, financial literacy education, savings strategies, and more.
David Marquis, vice president and Canada country manager, Intuit, said, “Startups that graduate from accelerator programs have a 23% higher survival rate than their counterparts. We’re excited to connect and create with this promising group of innovators at our new Toronto site, and help these entrepreneurs to realize their startup’s growth potential.”
Hussam Ayyad, chief accelerator officer at Highline Beta, said, “We’re thrilled to be teaming up with Intuit again to tap into Toronto’s burgeoning technology ecosystem and work with some of the city’s most innovative early-stage entrepreneurs. Besides their focus on helping Canadians combat some of today’s pressing economic challenges, the startups themselves are facing a harsh macroeconomic outlook and need our help now more than ever.”
Acquisitions
IRIS Software acquired US-based Apex HCM (Apex), a leading cloud-based HCM enterprise software provider for payroll service bureaus (PSBs) and Certified Public Accountant (CPA) firms.
Rockwell Automation acquired Knowledge Lens. Based in Bengaluru, India, Knowledge Lens is a services and solutions provider that delivers actionable business insights from enterprise data, combining digital technologies with deep data science, artificial intelligence (AI), and engineering expertise.
Visma has acquired Identum, a leading provider of identity and access management software (IAM), to Norway’s educational and public sector.
Appointments
Xero has appointed former Google and Okta executive Diya Jolly as its new Chief Product Officer, effective 10 April 2023.
Business
Sage announced the US and UKI launch of season 3 of Member Masterclass, its industry-leading series of talks and articles for customers. This new season, produced in partnership with The DO Lectures, shows small and medium-sized businesses (SMBs) that embracing sustainability can be fundamental to their survival and growth in challenging times.
Sage also announced the deployment of the Member Masterclass program in France. It is already launched in the United States, the United Kingdom, South Africa and Canada. French, German and Spanish SMEs are joining the large community of Sage customers worldwide.
SAP announced the launch of the SAP Next-Gen Lab within Nottingham University Business School’s Digital Centre of Excellence. The new lab will provide a physical teaching space for modules with digital or SAP content. It will also assist in Nottingham and SAP’s joint objective to ”digitally future-proof” students and enhance their career prospects.
Customer
HEXPOL Engineered Products has upgraded to the latest IFS Cloud solution to help streamline manufacturing processes and enhance sustainability.
AB Agri, a leading international agri-food business providing animal feeds and services, has chosen Infor CloudSuite Food & Beverage to digitally transform its global operation.
NCC Limited, a leading infrastructure conglomerate, has chosen Infor CloudSuite Engineering & Construction (E&C) to support its digital transformation journey.
Chichester Park Hotel has deployed Infor Hospitality Management Solution (HMS) and Infor Sales & Catering (SCS), a fully integrated event management software solution.
IFFCO eBazar Ltd, one of India’s fastest-growing agricultural input retail chains with a well-established e-commerce presence, uses Oracle Fusion Cloud Enterprise Resource Planning (ERP) to unify its finance operations and drive greater efficiency and productivity.
Dario Cracco, Director of Van der Kraken ltd, revealed how he had overcome several challenges with Pandle.
GRIFF Aviation turned to Arribatec to implement RamBase Cloud ERP for its combined knowledge and experience and the ERP’s flexibility and ability to meet the needs of the drone manufacturer. Electronics manufacturer implemented RamBase to help manage its 40,000 components in Tau, Norway.
Etihad Airways Engineering, one of the world’s leading aircraft maintenance and engineering solutions providers, has partnered with global enterprise aviation software provider Ramco Systems to implement its Aviation Suite V5.9.
East Anglian housing organisation, Flagship Group, has signed an agreement to use the Totalmobile Field Service Management solution to streamline its housing repairs solution across 32,000 properties.
Albert Kahn Associates, an architecture and engineering firm with award-winning projects worldwide, has switched to Unanet ERP AE to complement its existing Unanet CRM solution and integrate all its business processes, from new business proposals to invoicing and project management.
VAI has unveiled examples of where Avalara and its ERP have delivered benefits. Customers quoted include Blue Ridge Imaging Technologies and Garratt-Callahan Company.
Financial Reports
Rimini Street
Rimini Street announced its Q4 and full-year 2022 results. Q4 revenue was up 9.4% to $108 million, and FY 2022 also rose 9.4% to 409.7 million. The company has 3,020 active clients, up 6% year over year.
Seth A. Ravin, Rimini Street co-founder, CEO, president and chairman of the board, stated, “We believe the growing adoption of Rimini Street’s expanded end-to-end suite of enterprise software solutions is providing organizations the support, products and services needed to meet their current and evolving needs around their enterprise software systems and delivering even more industry-leading value, ROI and engineering capability.”
“We believe this was reflected in our record fourth quarter and full-year revenue that exceeded guidance, multi-million-dollar sales wins in diverse industries, strong subscription renewals and extensions, and increased cross-sales of our expanded portfolio of solutions to existing clients. We are focused on reaching out to a larger universe of prospective clients who we believe can greatly benefit from our expanded portfolio of unified solutions.”
Product
OrderWise published released notes for version 23.2. The release includes updates for mobile devices and courier integration for Spring GDS.
Rimini Street launched Rimini Consult. It is a suite of packaged and project-based professional services available for clients’ enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation and other project needs, delivered by experienced professionals.
Rimini Street has launched Rimini Watch. Rimini Watch is a new suite of observability solutions that enable organizations operating Oracle and SAP applications and databases across all industries and geographies to benefit from innovative monitoring, health check and change management solutions.
SYSPRO announced the latest release of its EERP software. It includes five areas of improvement:
- Improved information and intelligence
- Enhanced organizational controls
- Increased visibility across the supply chain
- Enhanced digital dexterity
- Improved control of internal operations
ToolsGroup rolled out version 8.50 of its Service Optimizer 99+ (SO99+) software, making major improvements to its forecasting and demand-sensing capabilities.
Xero has added two South African direct bank feeds this month for Bank Zero (ZA) and Investec Corporate (ZA).
