Hi and welcome to episode 171 of The ERP Minute. I’m your host, Charlie DeCurtis.
It was a jam-packed week of ERP news, kicking off with IFS’s strongest ever financial performance for the year ending December 31, 2024. Sustained organic global growth fueled by demand for Industrial AI has driven Annual Recurring Revenue to exceed 1 billion euros, an increase of 32% year-over-year, and total revenue for the year at 1.23 billion euros. Additionally, Cloud Revenue increase by 38% year-over-year. IFS boasted significant growth in 2024, especially as they invested in the growth of their technology stack and expansion into new markets. We expect this trend to continue into 2025.
Prior to a week of major announcements at Acumatica Summit 2025, Acumatica announced strategic partnerships and product integration with JobPlanner, a collaborative project management solution, and STACK Construction Technologies, a cloud-based construction software platform, that will address market needs through continued productivity gains and enhanced end-to-end project lifecycle support. These integrations will bring innovative enhancements to Acumatica Construction Edition to further empower construction companies to execute projects on time and within budget. Want the inside scoop on Acumatica Summit 2025? Our very own Shawn Windle & Rebekah McCabe are currently attending the conference in Las Vegas and will provide the ultimate guide to the conference, including a breakdown of all the new releases and expert interviews. Don’t miss out, be on the lookout for this exclusive content at erpadvisorsgroup.com or connect with Shawn & Rebekah on LinkedIn for live conference updates.
In related news, Sage and Tractics, a lead cloud-native construction management platform for heavy civil contractors, announced a partnership that delivers a powerful integration between Sage Intacct Construction and Tractics. Integration highlights include centralized, wide visibility into construction operations in a single, comprehensive platform, field apps for foremen and crew for updated timesheets in real-time, customizable financial reporting and dashboards, and much more. Customers have come to expect even more from their ERP platforms. With this partnership, Sage customers can implement even deeper functionality with their existing ERP through a pre-configured, seamless integration.
Finally, Aptean announced it has entered into a definitive agreement to acquire Logility Supply Chain Solutions, Inc., a leader in AI-first supply chain management software. Logility provides AI-powered, advanced supply chain planning solutions designed to optimize inventory, improve demand forecasting, and streamline production planning. Aptean continues to expand its product offerings through a robust acquisition strategy, empowering manufacturing customers with the best AI has to offer through this agreement.
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