Last week, in Estonia, Enterprise Times covered several conferences about e-residency and the benefits of starting up your company based in the Baltic state. Enterprise Times spoke to Kersti Kaljulaid, a former President of Estonia, about the company creating a Digital ID core to manage interactions with the government. There is a podcast with Alistair Darling, Managing Director, European Diplomats, about why he chose Estonian e-Residency for his business.
Enterprise Times also spoke to Tiit Riisalo, the Estonian Minister of Economic Affairs and Information Technology, about the e-Residency initiative’s progress.
ET also spoke to Andie Dovgan of Creatio about the emerging no-code vendor-winning business in several sectors.
Clari is making more news. Last week, it appointed a Chief Product officer and opened a development centre in Kraków. Certa, the procurement and compliance vendor management platform, raised $35 million to fuel growth.
Otter.ai unveiled OtterPilot for Sales. A new AI assistant that takes its transcription solution and integrates it with your CRM application.
Couchbase released a developer preview of Generative AI capabilities for its Capella Database-as-a-Service (DBaaS) called Capella iQ.
Acquisitions
Collibra, the Data Intelligence company, announced the acquisition of Husprey, a leading integrated SQL data notebook platform.
Volaris Group announced the acquisition of RAF Technology, a global leader in pattern recognition technology.
Appointments
Anaplan appointed Amit Bagga as Managing Director for the Asia-Pacific region (APAC).
Creatio has appointed Jason Olkowski as Chief Customer Officer to further reinforce its company’s genuine care value.
Cyara appointed Fred Penteado as the Vice President of Revenue Strategy and Operations.
Trintech announced the appointment of Tamir Sigal as Chief Marketing Officer, Sunil Padiyar as Chief Technology Officer, Heather Randall as SVP, General Counsel and Scott Vipond as Managing Director, EMEA.
Business
Accenture and Workday are expanding their partnership to help organizations reinvent their finance functions to be more agile, data-driven and customer-centric. The companies are collaborating to develop a suite of data-led, composable finance solutions. These can be configured and reconfigured to help clients in the software and technology, retail, and media industries be more responsive to changing business requirements.
Altair, a global leader in computational science and artificial intelligence (AI), announced Matogen Applied Insights will join Altair’s growing channel partner network.
Altair announced that Neyond has joined Altair’s growing channel partner network and will offer Altair RapidMiner – Altair’s data analytics and AI platform in Portugal.
Ceridian announced a new milestone for Ceridian’s market-leading on-demand pay solution, Dayforce Wallet. As of August 2023, Dayforce Wallet has delivered more than $2 billion in earned wages to users across the solution’s global footprint since launching in 2020.
Creatio announced its partnership with Changebility. It also announced its partnership with Ithinka.
DocuWare announced a new partnership with Epson, strengthening the company’s extensive network of valued Partners throughout the UK and Ireland.
Genesys announced a strategic collaboration with Salesforce (NYSE: CRM), the #1 AI CRM, to help businesses bring together their data, agents, bots and communication channels for smarter end-to-end customer and employee experiences.
Infosys Foundation, the philanthropic and CSR arm of Infosys, announced that it will construct a 100-bed maternity and child care hospital in Kunigal Taluk, Tumakuru district of Karnataka, in collaboration with the Directorate of Health and Family Welfare Services, Karnataka. Infosys Foundation will provide a grant of INR 55 crore to support the building of this hospital within the premises of the Taluk General Hospital.
NTT announced expanding its award-winning, tier-1 Global IP Network with a new Point-of-Presence (PoP) in Phoenix, Arizona, at phoenixNAP’s data centre facility.
Ferrovial and NTT DATA have announced a strategic partnership to drive the digital transformation of the infrastructure and transportation sector globally.
o9 Solutions announced the launch of its inaugural o9 Digital Tomorrow Grant, which will provide $250,000 to support initiatives that help advance digital literacy and promote technology inclusion for underserved communities.
McKinsey and Salesforce have announced a collaboration to accelerate the introduction of trusted generative AI for sales, marketing, commerce, and service.
Sisense recently earned a new privacy certificate (ISO 27701 Certificate for PII Processors).
Customer
Virgin Atlantic will use Amperity to help unify, manage, and activate the travel company’s digital and transactional customer data to deliver personalized customer experiences and drive revenue growth.
Arendt Services announced a partnership with Fenergo to deliver its investment management clients a best-in-class investor lifecycle experience.
NACITA, a leading 3PL company in Egypt, has successfully implemented Infor WMS with the assistance of Infor partner SNS.
Kissflow published a case study about how Caratlane saved 40% of CaratLane’s backend processes.
TCS has been selected as a strategic partner by Lantmännen Ekonomisk Förening (Lantmännen), a leader in agriculture, machinery, bioenergy and food products.
TCS has entered into a strategic partnership with the Digital unit of JLR to transform, simplify, and help manage its Digital estate and build a new future-ready, strategic technology architecture that will support the latter’s Reimagine strategy.
Social Innovation Company Hitachi, Ltd. has adopted Qlik analytics with additional services within its Hitachi Omika Works.
Global analytics leader SAS and MAG Aerospace are teaming up to pursue opportunities from the recently awarded US Space Force Space Systems Command $900 million (£720 million) indefinite delivery, indefinite quantity (IDIQ) contract.
Belle Tire—one of America’s fastest-growing tire and automotive service retailers, with stores in Illinois, Indiana, Michigan, and Ohio—is leveraging the power of UKG technology to create a purposeful workplace where people come first.
Footwear industry leader Vibram launched its new AI-powered website using Salesforce to provide a more innovative and efficient way to put customers first.
Sidetrade signed a global contract with BIC, a world leader in stationery, lighters, and shavers, to deploy its cutting-edge platform in the United States and Europe.
Premier animal feed supplier Riverina Australia has selected SugarCRM to supercharge its sales and customer service operations.
Financial Reports
Docusign
DocuSign announced results for its fiscal quarter ended July 31, 2023.
Key figures are:
- Total revenue was $687.7 million, an increase of 11% year-over-year
- Subscription revenue was $669.4 million, an increase of 11% year-over-year
- Professional services and other revenue was $18.3 million, an increase of 8% year-over-year
- Billings were $711.2 million, an increase of 10% year-over-year
- GAAP gross margin was 79% compared to 78% in the same period last year
Allan Thygesen, CEO of DocuSign, said, “Our results for the first half were solid and reflect strong progress on our business transformation. We increased our pace of innovation by delivering key new features while strengthening our self-service and partner distribution channels, and we’ve received tremendous enthusiasm on our product roadmap, particularly from our enterprise customers.”
Gainsight
Gainsight published an update for H1 2023. Growth was driven by increasing demand for Gainsight Essentials. Since launching in March 2022, nearly 300 companies have signed up for Gainsight Essentials.
Kellie Capote, Chief Customer Officer at Gainsight, said, “Today more than ever, Customer Success leaders need to be able to clearly prove and articulate the value of their team and resources and not be looked at as a cost-center.
“Every CFO and executive team—including our own—are scrutinizing spend across their organizations, starting with software. Gainsight has been fortunate to support the market with tools such as our Essentials offering. And now, our M&A strategy and innovation around generative AI is helping companies significantly reduce their CS spend and resourcing by giving them one, AI-powered platform to make their entire post-sales journey more efficient and effective.”
Funding
Accela announced a strategic growth investment from Francisco Partners, a leading global investment firm specialising in partnering with technology businesses. Berkshire Partners will remain a significant investor with an equal equity holding in Accela. Financial terms of the transaction were not disclosed.
Brillio announced a significant milestone in its growth journey by adding The Orogen Group (“Orogen”) as a strategic investor. Financial terms of the private transaction were not disclosed.
Product
Act-On Software has released Act-On AI Predictive Lead Score, a feature to help marketers narrow the marketing funnel and hone in on the strongest leads.
BILL announced the new BILL Financial Operations Platform for SMBs that integrates category-leading solutions across accounts payable (AP), accounts receivable (AR), and spend and expense management. With this announcement, BILL delivers the most comprehensive capabilities for SMBs to optimize and manage cash flow within a single platform.
Celigo announced the launch of Celigo AI, a revolutionary suite of embedded artificial intelligence (AI) capabilities to enhance end-user efficiency, achieve higher productivity levels and accelerate the time to value of enterprise integrations and automations.
Clearbit revealed several product updates. It has massively improved core data sets, released an all-new data control centre, and now offers a free trial.
Corcentric launched its Managed Accounts Receivable (AR) solution in France.
A US-based healthcare system comprising over 10 hospitals, a physician group Clinic, and more than 250 provider locations has chosen Digital Workforce to deliver full-stack business process automation services valued at over 400,000 EUR.
Genie AI has launched the first public version of its AI legal assistant.
Planet Crust has released Corteza 2023.3.5. It has a couple of new features and several other modifications or fixes.
DemandBase unveiled a ground-breaking multi-language intent solution that supports 133 languages, including non-Latin alphabets. Leveraging advanced Natural Language Processing (NLP), this innovation empowers B2B organizations to capture accurate intent signals from global markets, thereby accelerating revenue generation and sales alignment.
Jotform announced an updated integration with Salesforce. Jotform for Salesforce is now available on the AppExchange.
Lakeside Software announced the latest availability of its SysTrack platform in the Microsoft Azure Marketplace, an online store providing applications and services built on Azure.
Naverisk announced that Arma Data Protection Cloud is now in general release.
Pigment unveiled a few updates. They included the addition of configurable colours and icons to boards. There is now an Ashby connector to Pigment and some new security admin features.
Salesforce announced new Slack product innovations that bring powerful AI, automation, and knowledge sharing into its intelligent productivity platform.
Synopsis announced the extension of its Synopsys.ai full-stack EDA suite with a comprehensive AI-driven data analytics continuum for every stage of integrated circuit (IC) chip development.
Talent Quest will launch its much-anticipated integration with Microsoft Teams.
Validity, the leading provider of data quality and email deliverability solutions, today announced new features and functionality for DemandTools, the data quality solution enabling businesses to clean data faster and ensure it’s a reliable asset.
WorkForce Software announces WorkForce Spark, a comprehensive program to support the creation of rapid implementation solutions.
