Teradata announced ask.ai, a new generative AI capability for VantageCloud Lake. Enterprise Times spoke to Hillary Ashton about it. Adobe launched Adobe GenStudio for Enterprises. Precisely releases 3D visualisations in MapInfo.
Enterprise Times also spoke to Katrin Vaga, Head of PR for e-residency, Estonia, about why the Estonia e-residency program is so successful. Metazoa announced the launch of Intelligent Assistant on the Salesforce AppExchange.
Pick of the week
Dreamforce, what a week. Enterprise Times covered several of the announcements. Salesforce announced the launch of the Einstein 1 Platform, its future AI platform, and the new Copilot and Copilot Studio.
Salesforce announced its work with Williams-Sonoma, Inc., the world’s largest digital-first, design-led, and sustainable home retailer. Who deliver highly targeted and personalized customer experiences for shoppers everywhere.
Blue Shield of California and Salesforce announced an expanded collaboration to meet members’ need for unified experiences by leveraging the agility and breadth of the Salesforce platform. DIRECTTV showcased how it is leveraging Slack and Salesforce to transform customer experience.
Salesforce announced the first six participants of its Salesforce Accelerator – AI for Impact, a philanthropic initiative to help purpose-driven organizations gain equitable access to trusted generative AI technologies.
- Beyond 12 (US)
- org (Global)
- org (US)
- College Possible (US)
- Per Scholas (US)
- Teacher Development Trust (UK)
Salesforce announced it would give another $20 million to public schools across the United States.
Salesforce unveiled new Einstein features for Net Zero Cloud to make corporate environmental, social, and governance (ESG) reporting easier for companies as they navigate a rapidly evolving regulatory landscape.
Databricks and Salesforce announced an expanded strategic partnership that delivers zero-ETL (Extract, Transform, Load) data sharing in Salesforce Data Cloud.
Salesforce also announced expanded partnerships with Google and AWS. Ferrovial, Salesforce and NTT DATA have announced a strategic collaboration to develop the next generation of sustainable solutions for the infrastructure market by combining their digital, technological and industry knowledge.
Acquisitions
Constellation Software Inc. announced that its Perseus operating group completed the acquisition of the Optimal Blue business and the Empower loan origination system (LOS) business from Intercontinental Exchange, Inc. and Black Knight, Inc.
NoBlue2 announced the acquisition of BrightBridge Solutions Ltd to create one of Europe’s largest and most effective Oracle NetSuite partners.
Appointments
ActiveCampaign appointed Joy Whinery as its CFO, marking the next chapter in the company’s growth.
Anaplan has appointed Ivo Bauermann as Senior Vice President of Product Strategy.
Celonis appointed Philippe Mathieu as the Go-to-Market Leader for Europe, the Middle East and Africa (EMEA), as well as Latin America (LATAM) and Asia-Pacific (APAC).
Creatio has appointed JD Sherman to its Board of Directors as an Independent Member.
Instructure, the leading learning platform and maker of Canvas, has appointed Melissa Loble as its Chief Academic Officer.
NTT DATA UK&I appointed Massimo Fatato as the company’s new Head of Networks.
Business
Boomi announced that leading UK-based technology distributor EXERTIS is expanding its use of Boomi’s category-leading, unified integration platform to improve partner and customer satisfaction on a global scale.
Boomi announced a new partnership with Sazae Japan, Inc (“Sazae”), a prominent digital transformation consulting service provider. Boomi is Sazae’s first integration platform as a service (iPaaS) partner in Japan.
Carousel launched a new DANX Carousel website that provides a 360° view of the Group, from news and events to initiatives and partnerships.
Ceridian announced it is furthering its sustainability commitment with two new actions. Demonstrating its ambition to reduce its annual greenhouse gas (GHG) emissions. In line with the goals of the Paris Agreement and the best available climate science. The first is a new target to reduce Scope 3 emissions intensity per revenue by more than 50% before 2030 from a 2019 baseline.
Creatio announced a new exclusive partnership with StarkCloud in Chile. The agreement between partners grants exclusive rights for StarkCloud to work with Creatio’s no-code platform. Localizing and hold training and certification, and establish partnerships on behalf of Creatio to further develop the market in Chile.
HRTech company Konfir has adopted Experian’s employment digital verification solution, providing a much slicker and quicker candidate experience.
Kaseya has released a certification program to educate students and professionals on remote IT and security management. The Remote IT and Security Management (RITSM) certification will help learners gain all the knowledge they need to have a successful career in technology in a matter of weeks.
OneStream and KPMG in France announced a strategic alliance for the French market. The partnership will leverage KPMG’s expertise as a leading business and technology consulting services provider and OneStream’s unified and cloud-based CPM software to support activities ranging from project delivery to marketing and strategic business collaboration.
Oracle Corp and Microsoft Corp announced Oracle Database@Azure. Which gives customers direct access to Oracle database services running on Oracle Cloud Infrastructure (OCI) and deployed in Microsoft Azure datacenters.
SAS has signed a global agreement to make TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. Its primary global distributor for SAS solution provider partners.
Trintech has entered into a reseller agreement with Marcum Technology. A division of Marcum LLP, one of the US’s largest accounting and advisory firms.
Customer
Accenture Federal Services has won a $25 million digital transformation prime contract to modernize operations for the Air Force Sustainment Center (AFSC). This is to include each of the three Air Logistics Complexes (ALCs) at Tinker Air Force Base in Oklahoma, Robins Air Force Base in Georgia, and Hill Air Force Base in Utah.
Freshworks announced that Rubix, a leading wholesale distributor of industrial products and services, uses Freshdesk to automate its HR workflows. Implement self-service and leverage dashboards to improve service quality and make internal processes more efficient.
Bahrain telecommunications company Batelco (part of the Beyon Group) is revamping its core IT platforms with Oracle Communications technologies and Oracle Cloud Infrastructure (OCI).
REHAB Hospital of the Pacific (REHAB), the only comprehensive medical rehabilitation hospital in Hawaii, is adding modules of the Oracle Health, electronic health record (EHR) to all its facilities.
NFP has selected RingCentral MVP (Message Video Phone) and RingCentral Contact Center to power employee and customer engagement. NFP is a leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor.
Financial Reports
Adobe
Adobe reported financial results for its third quarter fiscal year 2023 ended Sept. 1, 2023. Key highlights included:
- Revenue of $4.89 billion in its third quarter of fiscal year 2023 representing 10% year-over-year growth or 13% in constant currency
- Diluted earnings per share was $3.05 on a GAAP basis and $4.09 on a non-GAAP basis
- GAAP operating income in the third quarter was $1.70 billion, and non-GAAP operating income was $2.26 billion. GAAP net income was $1.40 billion, and non-GAAP net income was $1.88 billion
- Cash flows from operations were $1.87 billion
- Remaining Performance Obligations (“RPO”) exiting the quarter were $15.72 billion
- Adobe repurchased approximately 2.1 million shares during the quarter
Shantanu Narayen, Chair and CEO of Adobe, said, “We are unleashing a new era of AI-enhanced creativity around the world with innovations across our product portfolio. The recent launches of Firefly, Express, Creative Cloud and GenStudio make Adobe magic available to millions of users.”
Sidetrade
Sidetrade announced results for H1 2023.
- Record bookings of €5.84 million in new Annual Contract Value: +21%
- Total revenue was up 17%
- 21% increase in Order-to-Cash SaaS subscriptions: +21%
- Revenue in the United States rose +45%
- Increasing demand from multinational corporations: +46%
- Resilient operating profitability, at 12%, despite €3.8 million investments in North America
- On June 30, 2023, Sidetrade reported €24.2 million in gross cash
Olivier Novasque, CEO of Sidetrade, commented, “In H1 2023, Sidetrade reported an all-time high in bookings, with nearly €6 million in new Annual Contract Value, representing an increase of more than 20%. This performance was all the more remarkable for two reasons. On the one hand, it was achieved in a market environment of cautious major contractors. On the other, it followed a demanding base effect with record bookings for Sidetrade in H1 2022.
“Our ambitious investment policy is now paying off, with the goal of 1/ accelerating our development in North America, 2/ expanding our AI-based product offering to provide the most comprehensive Order-to-Cash software suite on the market, and 3/ targeting multinational companies with revenue over $1 billion. By simultaneously implementing all three of these strategic decisions, we have increased our credibility, boosted our appeal to major customers, and ultimately won multiple contracts internationally.
“To date, the United States represents a robust growth driver, with revenue up 45% for the period. What’s more, our newly launched CashApp solution helped us win tenders the world over. Lastly, the share of subscriptions with companies generating $1 billion-plus revenue now accounts for 76% of Sidetrade’s total subscriptions. In the months ahead, we must continue our efforts while staying focused on our development model that combines growth with profitability.”
Funding
Denodo announced that they have signed a definitive agreement for TPG Growth, the firm’s middle market and growth equity platform, to invest $336 million in Denodo’s Series B preferred equity.
Product
Adobe announced the commercial release of Firefly. Its family of creative, generative AI models, with native integration across Adobe Creative Cloud, Adobe Express and Adobe Experience Cloud – unleashing a new era of AI-enhanced creativity for millions of customers across the globe. Adobe also unveiled an all-new, AI-powered Creative Cloud release with the commercial availability of its generative AI capabilities natively integrated throughout Adobe Creative Cloud in apps like Photoshop and Illustrator. Finally, Adobe announced the commercial availability of Text to Image and Text Effects Firefly generative AI features in the all-new Adobe Express.
Avalara AvaTax solutions for SAP Business One and SAP S/4HANA & SAP ERP are now SAP-endorsed apps, available for purchase on the SAP Store.
BlackLine, Inc. announced the first AI-enabled intercompany accounting capabilities. Designed to prevent transaction failures before they occur and minimize time and resources spent across the entire transaction lifecycle, ‘Intercompany Predictive Guidance’ will be integrated into BlackLine’s family of intercompany financial management solutions.
Bullhorn has launched a new Universal Search and Match (USAM) functionality within the Bullhorn for Salesforce product suite.
Celigo announced the launch of Celigo’s enhanced API management capabilities to accelerate time to value when developing APIs.
ConnectWise announced that ConnectWise MDR will be integrated with Microsoft’s small and medium business-focused security solutions.
Deloitte has enhanced its industry-leading suite of tools and solutions for health and human services (HHS) agencies with Generative Artificial Intelligence (GenAI). To help state and local government clients strengthen and streamline the delivery of critical benefits and services to the individuals and families they serve.
DocuSign announced DocuSign 2023 Release 3 in a blog by Will Spendlove, VP of Product & Partner Marketing. Improvements include enhancements to agreement generation, storage and management.
D2iQ announced the newest updates to its award-winning multi-cluster Kubernetes management platform, D2iQ Kubernetes Platform (DKP). DKP 2.6 features the new DKP AI Navigator. An AI assistant that enables enterprise organizations to overcome the skills gap. Which is one of the biggest challenges they face in adopting cloud-native technology.
Einblick has launched ChartGen AI, a way to create charts in a single sentence from an uploaded data set of linked Google Sheets.
FloQast announced several new additions to its cloud-native Accounting Operations Platform. They included FloQast Variance Analysis, Free Public CPE/CPD courses from FloQademy, and Strengthened Compliance Management.
Icertis announced Icertis Contract Intelligence for Government Contractors (ICI GovCon). An AI-powered contract intelligence solution built for enterprises that serve the US Federal Government.
KX announced the general availability of KDB.AI Cloud, a vector database for real-time contextual AI.
LexCheck announced the launch of LexCheck Copilot, an AI assistant for accelerating contract drafting, reviewing and editing. As a Microsoft for Startups Pegasus Program member, LexCheck developed this product alongside the Microsoft team. It will be available exclusively in the Microsoft Store.
MangoApps announced artificial intelligence capabilities that redefine how businesses operate, collaborate, and engage. It adds seven ways to enhance the employee experience.
Pegasystems announced the general availability of Pega Infinity ‘23. This enhanced version of Pega’s portfolio of products offers new capabilities that help organizations get closer to becoming autonomous enterprises by unifying AI and automation to promote self-optimization that drives maximum efficiency and effectiveness.
Qlik announced Qlik Staige. A holistic set of solutions to help customers confidently embrace the power of Artificial Intelligence (AI) and deliver tangible value.
SalesHood, the leading purpose-built sales enablement platform, launched a new way for sales and customer success teams to digitally engage their customers and prospects with CRM Insights for Client Sites. CRM insights streamline the process of measuring content effectiveness and sales efficiency with embedded sales pipeline data, integrated using clicks and no code.
SAS Customer Intelligence 360 can now be integrated with generative AI providers to streamline marketing planning, content creation, and journey design activities.
Skillsoft announced the general availability of Skillsoft CAISY (Conversation AI Simulator), an enterprise AI-powered skills trainer. Harnessing OpenAI’s advanced technology, CAISY provides businesses with an experiential and emotionally safe training environment where employees can simulate important workplace conversations and develop critical communication skills to become more effective leaders.
SumTotal Systems announced it had launched its Skills Blueprint product add-on in partnership with Lightcast, a leader in labour market analytics. This partnership will supercharge SumTotal customers’ upskilling, reskilling, and talent development efforts.
TalentQuest has launched an integration with Microsoft Teams.
Trinet announced product enhancements and strategic partnerships created to adapt to the evolving needs of its customers. In an increasingly distributed and agile business environment at TriNet PeopleForce 2023.
Veeva announced Veeva Vault Batch Release, a new cloud application enabling faster, more confident GMP release and market-ship decisions. Vault Batch Release addresses increased manufacturing and supply chain complexity by streamlining the aggregation and review of data and content while simplifying collaboration with external partners.
Wolters Kluwers launched TeamMate Document Linker, a new product for accounting firms that strengthens audit quality by auto-linking samples to supporting evidence, saving valuable time on every audit.
WorkWave announced plans to launch Dynamic Routing for its RealGreen product, allowing customers to plan the most efficient route in minutes with just the push of a button. Dynamic Routing is set to launch later this year.
Zoho has added a WhatsApp shared inbox to Zoho TeamInbox. Zoho has also improved its online meeting software. With the ability to pin video feeds, greater control over session recordings and custom from and reply to email addresses.
