Accounting Seed announced Financial Analytics, a new flexible financial reporting solution built using Salesforce CRM analytics. In other news, IRIS Software and Priority Software made acquisitions. There were also customer stories from Blue Yonder, Infor, Totalmobile and Unanet.
Acquisitions
IRIS Software Group (IRIS) has acquired Bridgehead, also known as Harper Morris Payroll, Bridgehead Europe and Bridgehead UK. Founded in 1984, Bridgehead is a stalwart of the payroll industry, delivering exceptional care and attention to customers of all sizes in the UK.
Priority Software has announced the acquisition of Retailsoft, a leading developer of innovative technology solutions that optimize retail business efficiency and enhance revenue growth.
Appointments
Acumatica appointed tech industry veteran Jeff Smits as its Chief Information Officer (CIO), effective September 11.
Business
Paperless Parts, the leading estimating and quoting platform for job shops and contract manufacturers, announced that it has completed its Federal Risk and Authorization Management Program (FedRAMP) Moderate Equivalency audit, which Schellman conducted.
Rockwell Automation has made a $20,000 donation to the Red Cross to support relief efforts following the recent earthquake in Morocco, the country’s deadliest earthquake in more than a century. The company will also match employee donations.
Customer
Jacksons Food Stores (Jacksons), a convenience food store chain, has selected to digitally transform its space management capabilities with Blue Yonder’s category management SaaS solution. Plantensive, a Blue Yonder partner, will implement the project.
Packard Culligan Water, a leading US-based water treatment company, has chosen to implement IFS Cloud enterprise resource planning (ERP) and service management with an AI-powered scheduling optimization module.
Vital Concept, a French pioneer in distance selling to professionals in three major markets: agriculture, horses and landscaping, has chosen to deploy Infor CloudSuite Distribution Enterprise to support its international growth.
The State of Idaho has gone live on Infor’s cloud-based public sector applications, powered by AWS, as part of Project Luma, the state-wide systems modernization project.
Nacita, a leading third-party logistics (3PL) company in Egypt, has implemented the Infor warehouse management system (WMS). Infor partner SNS, a leading supply chain consultancy and software implementation provider, managed the project.
Totalmobile has partnered with Suffolk County Council’s Home First Reablement service. It will help improve the delivery of its Reablement & Assessment Support by implementing the Totalmobile care solution, CareLink, alongside its scheduling software, Optimise, to its 425 staff.
NexTech Solutions (NTS) has selected Unanet’s GovCon ERP to provide the company with streamlined financial, resource management, and operations solutions to make key business decisions amid growth.
Financial Reports
Oracle
Oracle announced fiscal 2024 Q1 results. Total quarterly revenues were up 9% year-over-year in USD and 8% in constant currency to $12.5 billion. Cloud services and license support revenues were up 13% in USD and 12% in constant currency to $9.5 billion. Cloud license and on-premise license revenues were down 10% in USD and 11% in constant currency to $0.8 billion.
Safra Catz, Oracle CEO, said, “Oracle Cloud Infrastructure revenue grew 66% in Q1, much faster than our hyperscale cloud infrastructure competitors. Total cloud services revenue, Infrastructure plus Applications, grew 30% to $4.6 billion in the quarter. Oracle Cloud Services plus License Support revenue now accounts for 77% of Oracle’s total revenue. This highly predictable, highly-profitable recurring revenue stream—combined with continued expense discipline—drove 16% growth in non-GAAP earnings per share, 21% growth in free cash flow, and $7.0 billion in operating cash flow in the Q1.”
Funding
Advantive, a leading provider of mission-critical software for speciality manufacturing and distribution businesses, announced a strategic growth recapitalization led by a group of investors that includes Insight Partners and OA Private Capital (“OAPC”).
Product
Intuit unveiled QuickBooks Money, a new all-in-one payments and banking solution with no monthly fees or minimum balance requirements. It gives small businesses complete control of their money from anywhere.
Nextworld and Demand Driven Technologies, a leading provider of Demand Driven Material Requirements Planning (DDMRP), announced the launch of their integrated solutions.
Oracle has introduced a new, affordable, easy-to-deploy restaurant management platform offer. This will help independent restaurants increase sales, boost efficiency, and maximize profitability. Oracle Restaurants provides operators with proven Point of Sale (POS) hardware and software, payment processing, and online ordering capabilities for one low price.
Sage has added functionality to its Sage 50 and Sage Business Cloud Accounting software. This makes it simple for small and medium enterprises (SMEs) to comply with domestic reverse charge (DRC) regulations (as published by the National Treasury) for VAT on valuable metals in South Africa.
Zoho launched Zoho Billing, an end-to-end billing solution crafted to streamline billing for companies of every size. Zoho Billing supports one-time, subscription, project, and expense billing, as well as payments.
