Enable, the rebate management vendor has raised $120 million in a series D funding round led by Lightspeed Venture Partners. Brand protection vendor GreyScout has raised £3 million in a seed investment. This was jointly led by Act VC and Tribal, with participation from Furthr VC, Enterprise Ireland, and HBAN.
Agiloft has added Kroll, a leading independent provider of risk and financial advisory solutions, with over 6,500 employees across offices in 34 countries, to its partner programme. VictoriaMetrics, the open-source monitoring and observability vendor, announced it achieved 320% growth over the last 12 months.
Pick of the week
ConnectWise
At its annual conference, IT Nation Connect, ConnectWise unveiled ConnectWise Sidekick. This is an innovative AI companion designed to enhance efficiency and ingenuity for TSPs and small and medium-sized businesses (SMBs). Jim Magee’s keynote showcased the evolution and future of its Asio Platform, highlighting robotic process automation (RPA). This new service offers hyperautomation to simplify the creation, deployment, and management of software robots. These robots mimic human actions when interacting with digital systems and software.
It also announced the evolution of its remote monitoring and management (RMM) solution to Unified Monitoring and management. ConnectWise also announced innovations for its suite of cybersecurity management solutions. Including automated remediation for cybersecurity leveraging the ConnectWise Asio platform. It announced game-changing enhancements to its Business Management Solutions. These updates are prioritized from partner feedback and designed to modernize and streamline how partners manage projects, procurement, and the sales process.
UKG
At UKG Aspire, UKG made a series of announcements:
More than 45,000 organizations with smaller and leaner HR teams are using the UKG Ready HCM suite to help create great workplaces. Innovations such as generative AI (GenAI), enhancements supporting ease of use and personalized experiences Also the 2024 availability of the industry-first UKG Great Place To Work Hub for UKG Ready customers headlined this week’s annual UKG Aspire customer conference.
The UKG Great Place To Work Hub is now available to all UKG Pro customers. This demonstrated an enhanced mobile experience. UKG launched the UKG Pro Benefits Hub. This is an entirely new, modern benefits experience that makes it easier for employees to understand the full scope of their benefits options.
UKG announced a strategic partnership with Eightfold AI, a leader in AI-powered talent intelligence. The partnership will help companies that strive to be great workplaces transform high-volume hiring by more effectively attracting and engaging high-performing, diverse talent. UKG announced an expansion to its longstanding strategic collaboration with Microsoft that will utilize the UKG FleX and Microsoft Power Platform. This will make it even easier for mutual customers to create unique employee experiences specific to their business.
At Aspire, UKG also announced UKG Bryte. An AI-powered assistant for great workplaces that uses generative AI (GenAI) to help guide employees, people managers, and HR leaders by shining a light on important insights that support great workplace experiences.
UKG announced a collaboration with PayPal that will empower millions of people to direct deposit all or some of their pay each pay period into a PayPal Balance account and use the funds within the popular digital wallet.
Acquisitions
SAP SE announced it has completed the acquisition of LeanIX. LeanIX is a market leader for enterprise architecture management (EAM), driving the modernization of IT landscapes and continuous business transformation.
Appointments
Cyara announced the appointment of Mitch Risner as Chief Revenue Officer (CRO) and Brian Brady as Chief Financial Officer (CFO).
iCIMS announced the appointment of Stéphane Amiot as Vice President of sales and account management in EMEA. Amiot, based in Paris, will lead the team in driving sales and supporting growth acceleration in the region.
Global Payments announced the appointment of Shannon Johnston, currently Executive Vice President, Chief Digital Officer and Deputy Chief Information Officer, to Senior Executive Vice President and Chief Information Officer, effective January 1, 2024. Guido Sacchi, Senior Executive Vice President and Chief Information Officer, will retire at the end of 2023 after nearly 13 years with the company. Sacchi will continue to serve as a strategic advisor to the company, assisting with the transition through February 2024.
Business
Accenture will launch a network of generative AI studios in North America where companies can explore ways to optimize and reinvent their business through the responsible use of generative AI applications.
Appian has achieved certification according to the C5 Criteria Catalogue following an independent audit.
Brillio announced that it is collaborating with Microsoft to co-develop cutting-edge industry and horizontal solutions using the power of Microsoft Azure OpenAI Service.
Creatio announced a special year-end promotion by its partner, Sales’Up. Grab a chance to enrich your technological toolkit with a 24% discount on all their Marketplace applications. This offer is valid for new customers and/or existing customers purchasing new products through December 31, 2023.
Creatio has partnered with Clarasys to empower more businesses in the UK and the US with no code, thus allowing them to enjoy the freedom to own their automation.
Globant announced a new strategic partnership with Major League Rugby (MLR) in which Globant will serve as the League’s exclusive Official Digital Transformation and Tech Solutions Partner.
IBM and VMware are working together to bring IBM watsonx to on-premises environments on VMware Private AI and Red Hat OpenShift to help enable fast, transparent generative AI capabilities.
Infosys announced a collaboration with Better Home & Finance Holding Company, a leading digital-first homeownership company, to launch Mortgage as a Service (MaaS), an integrated end-to-end digital mortgage white-labelled platform. Infosys announced a strategic collaboration with Rich Products Corporation (Rich’s), a leading food products company and global supplier to the food service, retail in-store bakery, deli and prepared foods industries. Thirdly, Infosys announced a new Strategic Collaboration Agreement (SCA) with Amazon Web Services Inc (AWS). The three-year collaboration will deliver technology transformation and industry-specific solutions to financial organizations supported by joint investments into go-to-market and delivery capabilities across the EMEA region.
Instructure, the leading learning platform and maker of Canvas, welcomed the 2 millionth member of the community, the online resource for global users of the Instructure Learning Platform.
Jedox and Fincons Group have formed a strategic partnership. This collaboration will bring innovative solutions within reach for finance teams in Italy, Switzerland, France, Germany, Belgium, the United Kingdom and the United States, propelling profitable growth across these regions.
Oracle announced a multi-year agreement with Microsoft to support the explosive growth of AI services. Microsoft is using Oracle Cloud Infrastructure (OCI) AI infrastructure, along with Microsoft Azure AI infrastructure, for inferencing AI models that are being optimized to power Microsoft Bing conversational searches daily.
At KubeCon + CloudNativeCon North America 2023, Oracle made three announcements. It will donate $3 million in Ampere Arm-based compute credits on Oracle Cloud Infrastructure (OCI) per year for three years to the Cloud Native Computing Foundation (CNCF). It also introduced plans to open source Jipher, a Java Cryptography Extension (JCE) provider for environments with Federal Information Processing Standards (FIPS) requirements. In addition, Oracle invited the community to provide input on the development of an open standard for network and data security across on-premises and distributed cloud environments.
project44 announced a partnership with Celonis, the global leader in process mining, to improve visibility and process execution across the supply chain. The companies’ combined expertise enables users to generate significant value with faster, better, more data-driven business decisions.
Qualtrics announced plans for a new expanded office in Mexico City, which will serve as the company’s Latin America hub. Qualtrics also announced a commitment to create 300 new jobs in the area across all functions, including engineering, product, support, finance, sales and marketing, and operations roles, to support the company’s growing business in Latin America and around the world.
RoboMQ has completed a Type 2 SOC 2 audit for 2023 and renewed its SOC 2 certification.
Accenture and Salesforce are investing in the development of Salesforce Life Sciences Cloud, including innovations, assets and accelerators powered by data and artificial intelligence (AI).
Salesforce, along with Deloitte, Citi, the San Francisco Chamber of Commerce, and the World Economic Forum, announced 14 Top Innovators. These were chosen as part of the Yes San Francisco Urban Sustainability Challenge (Yes SF). They were, 374Water, Babylon Micro-Farms, BluumBio, Butlr, Flower Turbines, itselectric, Moxion Power, Posh Electric, RainStick, Sun Ice Energy, Taro AI, Urban Machine, Washbox, Zauben.
SAP SE and Amazon Web Services Inc. (AWS) announced that SAP HANA Cloud now supports AWS Graviton processors.
SAP UK & Ireland announced its new Apprenticeship Scheme to invest in long-term UK talent development and keep the organisation competitive, innovative, and delivering business transformation at scale. As part of the programme, SAP will also provide a targeted financial donation of £400,000 to support SMEs and SAP’s channel partners to accelerate their talent development initiatives.
Aston Martin Aramco Cognizant Formula One Team announced ServiceNow as the team’s official Intelligent Platform Partner.
USA Swimming, the national governing body for swimming in the United States, announced Sisense as its official supplier of interactive dashboard analytics to grassroots membership.
UserGems announced a product partnership and integration with Salesloft, an AI-powered global revenue workflow platform.
Wolters Kluwer Health announced the launch of the Lippincott Partnership for Nursing Education and Testing. With the integration of NurseTim / NurseThink now complete, Wolters Kluwer provides a full curriculum suite of educational products and services for the nation’s leading prelicensure nursing programs.
Customer
PEUGEOT announced that it has appointed Accenture Song, the tech-powered creative group of Accenture, as its global creative agency of record from January 2024 as part of a competitive pitch.
Allbirds, a San Francisco-based and New Zealand-born footwear startup, has selected Anaplan. Columbus Consulting will help install the solution to streamline its supply chain operations – including demand planning and forecasting, inventory planning, and merchandise and materials management.
The State of Oklahoma has deployed the Celonis process mining technology within the Office of Management and Enterprise Services (OMES) in order to ensure more transparent and efficient oversight of the state’s budgeting and expenditure.
EverEdge, a manufacturer of steel garden edging products, has deployed the Codeless Platform BPA Platform for WooCommerce SAP Business One integration and SAP Business One DHL integration to improve sales order management and logistics.
Peloton Consulting Group (Peloton), a global provider of digital transformation services, has successfully deployed Conga’s Conga Contract Lifecycle Management solution.
Thibert, one of North America’s largest distributors of automotive parts, is using Creatio to innovate faster and deliver exceptional customer service to over 15,000 clients.
Fivetran announced that Dropbox, Inc. has selected its data movement platform to enable its marketing and customer experience teams to make faster, data-driven decisions.
Aeromexico is using IBM Environmental Intelligence Suite. This is a tool to monitor, anticipate, plan, and respond to the potential impact of extreme weather events on air operations. Designed to raise safety measures and the efficiency of its operations for the benefit of its customers and employees. The technology was implemented by Xatrix, the Mexican consultancy company and IBM Business Partner.
Confluent Medical, a leading materials science, development and manufacturing partner to medical device manufacturers (“OEMs”), has experienced significant improvements to its end-to-end supply chain after deploying Kinaxis with the help of Genpact.
Otter Tail Power Company (OTPC), a longstanding Mainsaver customer, has recently completed the seamless implementation of a new maintenance management system at their Renewable Energy Division.
NTT DATA UK&I, a leading IT service provider, has announced a transformative partnership with eir, Ireland’s leading telecommunications provider.
Hampshire Trust Bank (HTB), a specialist bank for UK SMEs, is now using SnapGPT – SnapLogic’s generative AI-powered integration solution – to automate and refine its pipelines further, building on its existing success as a longstanding SnapLogic customer.
Tableau is teaming up with IMDb – the world’s most popular and authoritative source for information on movies, TV shows, and celebrities – to empower movie lovers and analytics fanatics to create and share free data visualizations about their favourite films.
Totalmobile, the UK leader in Field Service Management software solutions, has today announced a new partnership with Rugby Borough Council, to streamline its property repair processes for 3,800 council houses and corporate properties.
Financial Reports
Alteryx
Alteryx announced financial results for its third quarter ended September 30, 2023.
- Revenue for the third quarter of 2023 was $232 million, an increase of 8%, compared to revenue of $215 million in the third quarter of 2022.
- GAAP gross profit for the third quarter of 2023 was $198 million, or a GAAP gross margin of 85%, compared to GAAP gross profit of $183 million, or a GAAP gross margin of 85%, in the third quarter of 2022.
- GAAP loss from operations for the third quarter of 2023 was $37 million, compared to GAAP loss from operations of $65 million for the third quarter of 2022.
Mark Anderson, CEO of Alteryx, Inc., said, “Alteryx delivered a solid Q3, with key growth and profitability metrics exceeding our prior outlook, driven by improved execution and cost discipline.” said “Gross retention held at a healthy level as customers continued to demonstrate their commitment to the Alteryx Analytics Platform and we remain focused on the vision we have set forth with Alteryx AiDIN, our generative AI and machine learning technologies, as well as our growing portfolio of cloud-connected offerings.”
HubSpot
HubSpot announced financial results for the third quarter ended September 30, 2023.
- Total revenue was $557.6 million, up 26% compared to Q3’22.
- Subscription revenue was $545.8 million, up 25% compared to Q3’22.
- Professional services and other revenue was $11.7 million, up 31% compared to Q3’22.
- GAAP operating margin was (3.7%), compared to (7.3%) in Q3’22.
- The company’s cash, cash equivalents, and short-term and long-term investments balance was $1.7 billion as of September 30, 2023.
Yamini Rangan, Chief Executive Officer at HubSpot, said, “We had another quarter of strong momentum, driven by the team’s focused execution and rapid product innovation as we make progress towards becoming the #1 customer platform for scaling companies. Our easy-to-use, easy-to-scale connected customer platform is deeply resonating with SMBs as they look to optimize spend and boost productivity in this challenging environment. Looking ahead, we will remain focused on driving outsized value for our customers to drive durable and profitable growth for many years to come.”
RingCentral
RingCentral announced financial results for the third quarter ended September 30, 2023.
- Total revenue increased 10% year over year to $558 million.
- Subscriptions revenue increased 10% year over year to $531 million.
- Annualized Exit Monthly Recurring Subscriptions (ARR) increased 11% year over year to $2.26 billion.
- Mid-market and Enterprise ARR increased 13% year over year to $1.41 billion.
Tarek Robbiati, RingCentral’s CEO, commented, “RingCentral is leveraging its leading position in Unified Communications to transform into an AI-first, multi-product company with proprietary offerings across UCaaS, CCaaS, Conversation and Revenue Intelligence, and Events, Webinars and Meetings. Our solid third-quarter results demonstrate our ability to drive long-term durable, profitable growth.”
Teradata
Teradata announced its third quarter 2023 financial results.
- Public cloud ARR of $454 million, an increase of 63% as reported and 61% in constant currency from the prior year period.
- Total ARR of $1.524 billion, an increase of 11% as reported and 9% in constant currency from the prior year period.
- Third quarter recurring revenue of $360 million, an increase of 9% as reported and 10% in constant currency from the prior year period.
- Third quarter total revenue of $438 million, an increase of 5% as reported and 6% in constant currency from the prior year period.
Steve McMillan, President and Chief Executive Officer of Teradata, said, “Our best-in-class cloud analytics and data platform for AI delivers harmonized data, trusted AI, and faster innovation for better decision-making. We are pleased with our financial results, execution across the organization, and with the innovations we’ve been able to deliver.”
Workiva
Workiva announced financial results for its third quarter ended September 30, 2023.
- Increased Q3 2023 Subscription & Support Revenue by 21% over Q3 2022.
- Generated Total Q3 2023 Revenue of $158.2 Million, up 19% over Q3 2022.
- Achieved 38% year over year Growth of Customers with Annual Contract Value Over $300K.
CEO Julie Iskow said, “Workiva delivered another solid quarter, achieving subscription revenue growth of 21% and an operating profit that beat the high end of our guidance. Our platform offering continues to stand out from the SaaS crowd given that we solve problems our customers must address. Companies need transparency. They need to comply with regulation. And, they need accuracy in reporting and disclosure. We provide solutions that they need in good times and in challenging times.
“The value our platform provides was also quantified by the continued large contract account expansion we saw during the quarter. We continue to see outpaced growth in our large contract customers. Compared to third quarter 2022, the number of annual contracts valued over $100,000 increased 24%. Contracts valued over $150,000 increased 26% and contracts over $300,000 were up 38%.”
Product
Act-On Marketing Automation has added advanced webhooks integrations to empower organizations to interact with a massive partner ecosystem and reach an unlimited range of business needs.
ADP announced the expansion of its chat-based mobile payroll solution, Roll by ADP, to the Irish market. The innovative payroll and HR app serves as an intuitive advisor for small business owners, offering payroll insights and support tailored specifically for Ireland. ADP also announced ADP Enterprise Payroll, an offering new to the market, designed to meet the complex needs of large businesses with more than 1,000 employees across various industries.
CData has added the GPT-powered AI Generator to CData Connect Cloud. The Text-to-SQL feature revolutionizes how users interact with their data, effortlessly converting everyday language into dynamic SQL queries spanning multiple data sources.
Contexta360 announced the expansion of its augmentation and automation offering to meet the growing demands of organisations within their business transformation journeys.
Creatio announced its partner Solution Metrix presented two digital solutions — the Jack Henry Symitar connector for Creatio and the Fiserv connector for Creatio. These connectors will change the game for financial institutions through flawless integration with core banking systems. The release of the solutions is scheduled for the upcoming months.
Dynatrace announced its new Kubernetes Experience for platform engineering teams. It provides a holistic view and facilitates the automation of Kubernetes environments to enable teams to deliver flawless and secure innovation faster. Dynatrace also announced the availability of the Dynatrace platform on the Amazon Web Services (AWS) Mumbai region in India.
Einblick launched Einblick Prompt AI for JupyterLab (ai-einblick-prompt in your Extension Manager), an AI agent built for data scientists and data analysts to speed up all parts of the data workflow.
FourKites announced the availability of a new Inbound Visibility solution that provides customers with a highly predictive, accurate and seamless way to manage all inbound orders and shipments across all modes through the entire order lifecycle.
Gong announced an integration with G2. It will empower sales teams to personalize their account-based outreach to craft a winning sales formula. This is made possible by G2 Buyer Intent data, which surfaces crucial account intelligence, including the research, engagement, and buying patterns taking place on G2’s software marketplace.
IBM announced a major evolution of its flagship IBM QRadar SIEM product: redesigned on a new cloud-native architecture, built specifically for hybrid cloud scale, speed and flexibility.
KX has announced two new offerings optimized for Microsoft Azure customers: the integration of KDB.AI with Azure Machine Learning and Azure OpenAI Service and KX Copilot.
Luminance revealed its cutting-edge technology has become the first AI in the world to completely automate the negotiation of a contract, without human intervention, between two opposing parties.
Onit announced Onit Catalyst for Contracts, a ground-breaking software application that intelligently transforms the contract lifecycle using Generative AI and Large Language Models (LLMs) to enhance pre-signature and post-signature contract activities.
Oyster launched a suite of new solutions, including Oyster Embedded, Oyster API, and integrations with Zapier, Personio, and Slack. Oyster Embedded allows industry partners to easily offer global hiring, payroll, and rewards solutions in one click, right from their software.
Salesforce announced new Automotive Cloud innovations to help automotive companies harness data and AI to provide more personalized in-car experiences, manage fleets, and simplify auto lending and leasing.
Simpro Mobile 10.12.3 was released and has several bugs fixed, and the new Simpro branding.
SIOS Technology announced the release of a verified integrated solution with Milestone Systems, a world-leading provider of open platform IP video management software (VMS).
Synopsys announced it has extended its ARC Processor IP portfolio to include new RISC-V ARC-V Processor IP, enabling customers to choose from a broad range of flexible, extensible processor options that deliver optimal power-performance efficiency for their target applications.
UiPath announced its newest platform features that help customers gain real value by transforming millions of tasks and thousands of processes across the enterprise with AI and automation, creating capacity for new ideas and unleashing worker productivity.
Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) today announced the strategic release of new capabilities and key integrations for Australian customers of CCH iFirm.
Zendesk announced no-code tools to help businesses bring custom data into its platform and create differentiated customer experiences (CX). Admins can now leverage the new custom objects in integrated triggers to easily create tailored, efficient workflows. Additionally, agents can leverage end-to-end context to deliver more personalized conversations.
At its annual conference, Zip launched Zip Sourcing, which enables sourcing teams to efficiently identify savings opportunities, track and report on realized savings, and run RFX events in one enterprise-grade platform for a complete source-to-pay experience.
