BigTime Software made its second acquisition since the investment by Vista Equity. This time, it bought Primetric, a Polish resource management and financial planning software vendor. The acquisition extends its geographic presence, technology and market presence.
Certinia
Certinia published a case study video about how TerraPact saved thousands of hours by implementing Certinia Financial Management solutions. Including Accounting, Revenue Recognition and Analytics. A leading owner, operator, and manager of critical infrastructure assets across North America moved to Certinia to consolidate disparate solutions.
The organisation is rapidly expanding, buying new assets which need support for multi-entity accounting within its solution. The company already uses Salesforce and found that the key advantage of Certinia being on the same platform made the decision to consolidate the different solutions it already had and continued to acquire straightforward.
Tina Hill, Senior Director of Systems, stated, “What has been most impressive with FinancialForce (Certinia) truly is giving our end-to-end users a truly unified platform.”
Hill added, “Our Finance team has to manage multiple entities and having Certinia on the Salesforce platform makes that process painless. Certinia has enabled our Finance team to look at the data, analyze and group the data by entity.”
TerraPact has also taken advantage of the granularity of the user permissions capabilities. Hill believes the finance team has probably saved thousands of hours compared to going between the many different accounting systems they once used and Salesforce.
Planview
Planview published a post on LinkedIn that celebrated the expansion of its Capability and Innovation Center (CIC) in Bengaluru, India. The employee numbers have grown by 300% in the last year.
Shalini Sankarshana, Planview Country Manager & Managing Director, India, commented, “The establishment and expansion of the Capability and Innovation Center is empowering Planview to respond to the rapidly changing needs of our customers by quickly scaling our business operations, growing our business globally, and accelerating the pace of innovation. Tapping into the vast talent of India enables Planview to grow at the speed of opportunity and offer innovative and transformative solutions to over 4,500 customers and 2.6 million users worldwide.”
Procore
Procore a leading global provider of construction management software, published Q2 2023 results. The ket results included the following:
- Revenue was $229 million, an increase of 33% year-over-year
- GAAP gross margin was 81% and non-GAAP gross margin was 85%
- The GAAP operating margin was (26%) and the non-GAAP operating margin was (1%)
- Operating cash outflow for the second quarter was $12 million
- Free cash outflow for the second quarter was $24 million
- It gained 615 net new customers during the quarter, bringing the total to 15,704
- Gross Revenue retention was 94% in Q2
Tooey Courtemanche, Founder, President and CEO of Procore, noted, “I’m proud of the results we delivered this quarter as we continued to work toward our vision of improving the lives of everyone in construction. We’re delivering solutions that help the construction industry find valuable efficiencies in an uncertain environment. I am excited to showcase what digital and cultural transformation means for the industry at large at Groundbreak 2023.”
Looking ahead, Q3 revenues are expected to be in the range of $232 million to $234 million, representing year-over-year growth of 24% to 26%.
Scoro
Scoro published details of the August updates for its software platform. It has added new charts that display budget burn and progress within the project view. The burn chart visualizes project progress over time. It’s there to help you detect potential over servicing ahead of time and course correct promptly by replanning or renegotiating the project scope.
The budget breakdown chart enables leaders to rack the use of the time budget on a role level. Leaders can see how much time was used on a project against budget, planned and forecast across roles such as Copywriter, designer, Project Manager and others.
The update also includes usability improvements. It is simpler to link tasks with events, and access to task information is now more intuitive. Users can click anywhere on the task box to open the task in the detailed view. This functionality has also been extended to quotes within the pipeline view.
Within the help centre, users can create their own account and enable them to track multiple tickets, rather than having to search their mailboxes.
Rocketlane
Rocketlane a leading customer onboarding and PSA platform, announced that it got International Organization for Standardization (ISO) 27001:2022 certified.
Srikrishnan Ganesan, CEO and Co-founder of Rocketlane, commented, “We’re elated to receive ISO 27001:2022 certification because we work with global companies that value information security. The accreditation demonstrates our commitment to keeping our customers’ data safe and delivering on their security and compliance requirements.”
Deepak Bala, CTO and Co-founder, added, “This certification is evidence that Rocketlane has met rigorous international standards. We’ve worked hard to build a robust information security management system that safeguards our information assets against all potential threats and attacks.”
PSA PPM and Work Management news from the week beginning 24th July 2023
