Tipalti Buys Approve.com to Boost AP Automation
Tipalti said the deal would enable it to offer automation of the entire accounts payable cycle from procurement through to payment.
Microsoft Buys Nuance in $16B Health Care Cloud Bet
The acquisition of the provider of digital tools for health care processes advances Microsoft's industry-specific cloud strategy.
John Murphy to Retire as Adobe CFO
During Murphy’s three-year tenure, Adobe’s revenue grew from over $7 billion in 2017 to over $12 billion in 2020 and the company made several acquisitions.
Citrix to Buy Wrike Remote Work App for $2B
The deal will enable Citrix to boost its presence in the collaborate work management space amid the shift to "distributed work."
Dropbox to Slash 11% of Workforce
The software company has been shifting to remote work, which "means we require fewer resources to support our in-office environment.”
Facebook Adds CRM Platform With Kustomer Buy
The deal “could provide businesses and customers with more support for interactions that occur on Facebook and its other apps."
Aveva to Buy OSIsoft for $5B
The rights issue to finance the deal would be the largest this year from a U.K. company.
Snowflake Files for Big Tech Initial Offering
The cloud-based data warehouse company is “one of the world’s most valuable former startups that is still private."
Oracle Shares Slip as Q4 Sales Drop 6%
The software giant saw a drop-off in deals, particularly in industries most affected by COVID-19 such as hospitality and retail.
Skillsoft Files Chapter to Ease $2B Debt Burden
“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
Slack Shares Slump on Disappointing Guidance
The full-year forecast fell below “high investor expectations for team collaboration and communication names amidst this [work from home] era.”