Sage kicked off the holiday week by announcing its results for the year ended September 30th, 2024. Certinia announced an investment from TA Associates, a global private equity firm with a track record of scaling growth in technology companies, to support its continued growth. ECI Software Solutions celebrated its 25th anniversary, recognizing the major milestones achieved since its inception. Intuit, Inc. announced the launch of Intuit Assist for QuickBooks, a generative AI-powered financial assistant that transforms how businesses run and grow their business.
Sage kicked off the holiday week by announcing its results for the year ended September 30th, 2024. Certinia announced an investment from TA Associates, a global private equity firm with a track record of scaling growth in technology companies, to support its continued growth. ECI Software Solutions celebrated its 25th anniversary, recognizing the major milestones achieved since its inception. Intuit, Inc. announced the launch of Intuit Assist for QuickBooks, a generative AI-powered financial assistant that transforms how businesses run and grow their business.
Hi and welcome to episode 164 of The ERP Minute. I’m your host, Rebekah McCabe.
Sage kicked off the holiday week by announcing its results for the year ended September 30th, 2024. Underlying total revenue increased by 9% to about 2.33 billion pounds, with underlying profit growing by 21% to 529 million pounds. CEO, Steve Hare, commented, “Sage has delivered another successful year, achieving strong, broad-based revenue growth together with significantly higher profits and cash flows.” These results bolster confidence for Sage customers and investors, who know R&D is being poured back into the product, evident in recent releases and AI innovations.
Related to growth, Certinia announced an investment from TA Associates, a global private equity firm with a track record of scaling growth in technology companies, to support its continued growth. Following the transaction, Haveli Investments, L.P. will retain a majority position, and existing investors General Atlantic and Salesforce Ventures will continue to hold meaningful stakes in the business. This marks a turning point for Certinia who aims to take the business to new heights. TA will help them makes strides toward transformative growth while keeping product innovation at the forefront.
In other major news, ECI Software Solutions celebrated its 25th anniversary, recognizing the major milestones achieved since its inception. CEO, Trevor Gruenewald said, “Celebrating 25 years is a significant milestone, but the true heroes of our journey are our customers and colleagues. Their trust, faith, and partnership have been the driving force behind our success.” Congratulations to ECI for reaching this major milestone, we look forward to many more years of innovation and customer success.
Finally, Intuit, Inc. announced the launch of Intuit Assist for QuickBooks, a generative AI-powered financial assistant that transforms how businesses run and grow their business. Available to QuickBooks Online customers in the U.S., Intuit Assist is delivering seamless, connected ‘done-for-you’ experiences, enabled by AI with access to AI-powered human experts. SMBs have an expanding portfolio of viable solutions for running their businesses, evident in the advancements being brought to solutions like QuickBooks which will extend more value to growing businesses.
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