A slightly later edition of the roundup due to the bank holiday weekend. Last week, Enterprise Times covered the success of Vroozi winning a major multi-national chemical manufacturer for its procure-to-pay solution. Salesforce announced the release of AI-enabled Fields Service Management capabilities. FourKites has announced the appointment of three executives to its leadership team.
Eden Exchange launched DealXchange, an online platform to help organisations through the process of buying or selling a business. FSM vendor ServicePower published a business update for H1 2023.
Acquisitions
Francisco Partners will acquire The Weather Company assets from IBM. Specific terms of the transaction were not disclosed.
Appointments
Alteryx announced the appointment of Scott Van Valkenburgh as Senior Vice President of Global Alliances and Channels.
Celonis announced the appointment of Carsten Thoma as President of Celonis to drive Celonis’ growth alongside co-CEOs Alex Rinke and Bastian Nominacher.
Hyland appointed veteran technology leader Leonard Kim as its new Executive Vice President and Chief Product Officer.
Konsolidator appointed Nicholas Løjmand-Kines as Audit and Channel Manager.
Pluralsight announced the appointment of Greg Ceccarelli as Chief Product Officer (CPO) and Robert Petrocelli as Chief Technology Officer (CTO).
Visier announced the appointment of Paul Rubenstein as the company’s Chief Customer Officer.
Workwave announced the appointment of Joseph Pascaretta as Chief Operating Officer and Jacob Olins as Vice President of Financial Services.
Business
Brillio announced that it had achieved Google Cloud Partner Program’s Data Analytics – Services Specialization in recognition of its expertise and customer success with ingestion, transformation, storage, exploration, and analysis of data at scale on Google Cloud.
Celonis announced the opening of its new offices in Copenhagen, Denmark and Stockholm, Sweden.
Deloitte announced an expansion of the Deloitte AI Academy to bring tailored Generative AI training curricula to its professionals and clients, reinforcing its dedication to upskilling early career professionals and equipping them with skills needed for real-world AI and data science projects.
Deloitte announced a ground-breaking new initiative with Google Cloud that will help clients mitigate climate risks, adopt green solutions and unlock the value of low-carbon products and services. Utilizing revolutionary technologies like generative AI and geospatial data. Deloitte also announced its recognition as the first global systems integrator with the designation of Google Cloud Ready (GCR) – Sustainability. This program validates Google Cloud-aligned organizations with business-ready technology to help customers achieve their sustainability goals.
Infosys announced a three-year partnership with global tennis star Rafael Nadal. Globally acknowledged as one of the legends in sports. Infosys Foundation USA, a non-profit organization focused on bridging the digital divide in America, announced a $200,000 investment to support Hoosiers in their pursuit of upskilling for tech careers.
Lattice announced the Lattice CPO Council, a collective of visionary people leaders who are redefining excellence in HR.
Medius opened a new headquarters in Jackson, Florida, that will house over 100 employees. It also opened up 15 new vacancies immediately.
Nexthink announced that it had reached the milestone of half a million endpoints for joint customers with Tata Consultancy Services (TCS).
Newgen Software announced that it has recently established a new office in Riyadh (KSA) to expand its presence in the Middle East. This new regional office is an addition to the company’s existing Dubai (UAE) subsidiary. Newgen Software has also recently established a new office in New York (US) to expand its footprint in the US market. This new office is an addition to the company’s already existing offices in Virginia & Florida.
Oracle has been recognized as a founding member of CancerX. CancerX is the inaugural project in The White House’s national Cancer Moonshot initiative. The project is co-hosted by Moffitt Cancer Center and the Digital Medicine Society (DiMe). Alongside the office of the National Coordinator for Health Information Technology and the Office of the Assistant Secretary for Health. Oracle will contribute expertise to the project fueled by Oracle’s extensive background in open cloud platforms, AI and machine learning, clinical research, healthcare research, care delivery, and its scientific expertise from the recent acquisition of Cerner.
OutSystems unveiled five new public courses as part of its highly acclaimed Developer School program. These new, free courses, held online and in person throughout September and October, focus on developer career paths while addressing a significant need for developer talent around the world.
PwC US and o9 announced the launch of their strategic alliance. This combines PwC US’s leading supply chain consulting capabilities with o9’s visionary supply chain planning platform called the ‘Digital Brain.’
Salesforce has published a new AI Acceptable Use Policy (AI AUP) to align with industry standards and their partners and to protect their customers.
Syncro has announced partner appreciation month. With promotions for new and existing partners and some new promotions for new customers.
Teradata and Nordcloud announced a joint initiative to help European customers migrate their on-premises data and analytics environments to the Teradata VantageCloud Analytics and Data platform.
Tricentis announced the US Patent and Trademark Office (USPTO) has formally approved and issued Tricentis a new patent, No. 11,710,302. This is for its method and system for single-pass optical character recognition (OCR), which is designed to accelerate and enable faster AI text recognition.
VMware, Inc. has expanded its ongoing partnership with Oracle to help customers modernize their VMware workloads on Oracle Cloud Infrastructure (OCI).
Customer
Mast General Store is leveraging the Avalara integration with retail software provider Celerant. They intend to solve tax requirements triggered by omnichannel retail sales.
Travel Counsellors’ customer service and support models have been transformed with Freshworks Freshdesk, Freshsales and Freshchat.
IBM and FGH Parent, L.P. (together with its subsidiaries, “Fortitude Re”), announced they have entered into a $450 million agreement. This is to transform Fortitude Re’s life insurance policy servicing operations. With the implementation of AI technology and other automation tools designed to deliver a best-in-class customer experience for policyholders and insurers.
InoApps has been selected by Portman Dental Care to implement Oracle Cloud Applications to support the group’s rapid growth.
SCUTI has selected Jitterbit to seamlessly connect to their brand partners’ eCommerce stores to transact orders and automate order data.
F.I.S. – Fabbrica Italiana Sintetici S.p.A. selected the Kinaxis Inc. solution to enable concurrent planning in its supply chain.
MosaicML, a software development provider that offers infrastructure and tools for building large-scale machine learning models, selected Oracle Cloud Infrastructure (OCI) as its preferred cloud infrastructure to help enterprises extract more value from their data.
Qualtrics announced that leading K-12 education organizations, including Cherry Creek School District, Concord Community Schools and Elkhart Community Schools, selected its XM solutions in the first half 2023. Community Health Network has transformed its approach to experience management. This resulted in meaningful improvements, including a 300% increase in patient response rates with the Qualtrics XM Platform.
Yoga Joint, a booming chain of hot-yoga studios with a rapidly growing clientele, is tapping the power of the UKG Ready HCM suite to champion its people and support its aggressive growth plans.
Civica Rx (Civica) has adopted Veeva Vault LIMS to optimize quality control. Vault LIMS builds on Civica’s success with Veeva Vault QMS, Veeva Vault QualityDocs, and Veeva Vault Training. This also establishes a foundation for unified lab and quality processes to support a new manufacturing facility.
Financial Reports
Digital Workforce
Digital Workforce published a business update for the first half of 2023. It saw profitability rise by 14%, net income turned positive, and revenue increased. Total revenue was €12.6 million, up 5.2% YoY. Cash and bank receivables and other liquid assets were at €14.3
Jussi Vasama gave a long statement that included him saying. “I am pleased with the progress the company has made in implementing its strategy for profitable growth. The efficiency measures initiated last year and continued during the first half of the year combined with revenue growth in Continuous Services resulted in a significant improvement in EBITDA compared to the comparison period.
“Customer demand for our healthcare services strengthened especially in the US and the UK, where significant new contracts were signed. Supported by these, both our Continuous Services and Professional Services grew compared to the comparative period.
“As a company, we have made good progress in our transformation journey towards becoming a holistic automation house that delivers real, measurable business benefits to customers.”
Domo
Domo announced results for its fiscal second quarter ended July 31, 2023.
- Total revenue was $79.7 million, an increase of 5% year-over-year
- Subscription revenue was $71.2 million, an increase of 6% year-over-year
- Billings were $70.6 million, a decrease of 2% year-over-year
- Remaining Performance Obligations (RPO) was $357.6 million as of July 31, 2023, an increase of 2% year-over-year
- RPO expected to be recognized as revenue in the next 12 months was $232.1 million as of July 31, 2023, an increase of 3% year-over-year
- Cash, cash equivalents, and restricted cash were $63.9 million as of July 31, 2023
Josh James, Founder and CEO of Domo, stated. “Domo’s data experience platform helps companies of all sizes put data to work for everyone so they can multiply their impact on the business with real-time insights and action.
“I’m excited about the momentum in consumption pricing; we believe this will drive improved relationships with customers and enable meaningful impact to our business model. I’m also thrilled with our advancements in AI and the new possibilities it will deliver for customers to innovate and grow. I feel confident we have the right priorities, roadmap and people to drive Domo’s long-term growth.”
Planful
Planful announced continued strong revenue growth coupled with surging profitability. Fueled by customer base growth and expansion of use case adoption within that base in H1 2023. Customer expansion bookings rose 26% year-over-year. International customer expansion bookings rose 71% year-over-year, driven by increasing global demand for Planful’s Financial Performance Management platform.
A record number of customers expanded their use of Planful, broadening their user base across business functions. With notable growth in the company’s marketing budgeting and planning solution, made possible by Planful’s 2022 acquisition of Plannuh. New customers signed in the year’s first half include the World Business Council for Sustainable Development, Collingwood Lighting, Steiner Electric Company, and Envision Radiology LLC.
Grant Halloran, Planful Chief Executive Officer, commented. “What our team accomplished in the first half of 2023 was stellar. We’re excited that so many customers are realizing more value from our platform, expanding its use across the business, and leveraging AI and ML to increase speed and improve accuracy. Global demand remains high for our software, as companies seek greater automation of their financial performance processes, not only to make them more productive but also to make faster course corrections as they navigate dynamic business conditions.”
Funding
IBM announced its participation in the $235M series D funding round of Hugging Face. The additional funding will strengthen Hugging Face’s position as the leading open-source and open-source artificial intelligence platform.
RingCentral announced that it has entered into individual, privately negotiated repurchase transactions (the “Note Repurchases”) with certain holders of the Company’s 0% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) and 0% Convertible Senior Notes due 2026 (the “2026 Convertible Notes”).
Product
Aderant released version 8.2 SP3 of its flagship practice management software, Expert. The release brings significant enhancements to Expert Billing. Including new and improved features for the Paperless Billing module and integration with Onyx, Aderant’s new Outside Counsel Guidelines (OCG) management solution powered by its AI, MADDI.
Altair SLC, an alternative SAS language environment, is now available on Google Cloud Marketplace.
Appian announced the immediate availability of the latest version of the Appian AI Process Platform. Featuring Appian AI Copilot, an advanced AI assistant that increases developer productivity.
ContractLogix unveiled a major addition to its artificial intelligence functionality named Bulk Data Extraction. Bulk Data Extraction joins Contract Logix’s existing data extraction tools and a robust suite of intelligence and advanced analytics to remove one of the biggest barriers to successfully adopting contract management software – the manual data entry of existing contracts into a CLM system.
Deloitte has enhanced its industry-leading suite of tools and solutions for government health agencies with Generative AI to help their clients enhance the delivery of healthcare services, modernize Medicaid systems, reduce time-consuming administrative tasks and advance health equity efforts for underserved individuals and families.
Jotform announced a new way for organisations to fundraise. Donation Apps featuring a powerful and user-friendly new app element, the Donation Box. A versatile and comprehensive mobile app solution, Donation Apps makes it easy for anyone to collect donations with a mobile app, no matter their industry or cause.
Konsolidator released two new integrations with cloud systems. Norwegian accounting software PowerOffice – strengthening its position in Norway. Microsoft’s ERP system Finance & Operation – Dynamics 365 – targeting larger groups.
Mindtickle launched Mindtickle Copilot. Built using generative AI, Copilot helps revenue organizations analyze team performance quickly and efficiently. It can also automatically create practice and reinforcement mechanisms to ensure training for go-to-market teams is impactful and drives long-term growth.
Newgen Software announced the launch of OmniOMS 11.0, the latest Omnichannel Customer Engagement Platform (CCM) version.
The AI-powered Outreach Sales Execution Platform is now available in the Microsoft Azure Marketplace.
The Salesforce Winter ʼ24 release preview is now live. The release includes hundreds of new features, including generative AI capabilities, and will be generally available on October 16th 2023.
Salesforce has collaborated with BNY Mellon’s, Pershing X, a startup technology unit within BNY Mellon | Pershing, to build two new client onboarding and engagement AppExchange apps. This is to power connected and data-driven experiences for wealth management clients.
SourceDay launched Unified Supplier Collaboration. It enables suppliers to choose their workflow. Buyers manage every supplier from one solution and a single process.
Tonkean announced the launch of a new AI-enhanced intake experience for legal teams. Tonkean’s updated forms — part of Tonkean’s LegalWorks solution — make the experience of initiating and following legal processes more efficient and enjoyable for requesters. Thanks to real-time data enrichment from a wide range of plug-and-play integrations and adaptive user guidance.
