Tipalti said the deal would enable it to offer automation of the entire accounts payable cycle from procurement through to payment.
The acquisition of the provider of digital tools for health care processes advances Microsoft's industry-specific cloud strategy.
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.
The deal will enable Citrix to boost its presence in the collaborate work management space amid the shift to "distributed work."
The software company has been shifting to remote work, which "means we require fewer resources to support our in-office environment.”
The deal “could provide businesses and customers with more support for interactions that occur on Facebook and its other apps."
The rights issue to finance the deal would be the largest this year from a U.K. company.
The cloud-based data warehouse company is “one of the world’s most valuable former startups that is still private."
The software giant saw a drop-off in deals, particularly in industries most affected by COVID-19 such as hospitality and retail.
“While our core business remains strong, with attractive profitability and cash flow characteristics, our debt levels are too high."
The full-year forecast fell below “high investor expectations for team collaboration and communication names amidst this [work from home] era.”
The acquisition of the web monitoring startup will expand a business that Cisco has been building since it acquired AppDynamics in 2017.
