Top WorkTech News From the Week of April 5th: Updates from iGrafx, HCLTech, SS&C, and More
Blog: Solutions Review - Business Process Management
The editors at Solutions Review have curated this list of the most noteworthy WorkTech news from the week of April 5th. This round-up covers announcements and updates from companies like iGrafx, HCLTech, SS&C Technologies, and more.
Keeping tabs on the most relevant ERP and BPM news can be time-consuming. As a result, our editorial team aims to summarize the week’s top headlines in the enterprise technology marketplace. The Solutions Review editors will compile a weekly round-up of vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy WorkTech information. With that in mind, here is some of the top WorkTech news for April 5th.
Top WorkTech News From the Week of April 5th, 2024
Acumatica Expands its Board of Directors
Acumatica, a business solution provider, has added Zach Nelson and Nancy Harris—two ERP industry veterans—to its Board of Directors. In their new roles, Nelson and Harris will use their years of industry leadership and business expertise to help Acumatica launch a new era of growth, product development, and market opportunity. John Case, Acumatica CEO, says, “Zach and Nancy’s leadership, experience, and talents will not only be a tremendous addition to our powerhouse Board of Directors but will also be invaluable in helping us fully embrace this new era of growth and innovation for the company.”
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ContractPodAi Releases New Legal Models for its Generative AI Suite
ContractPodAi—a generative AI and contract lifecycle management solutions provider for legal teams and law firms—has announced the availability of new legal models in Leah, its generative AI offering. These legally trained, domain-specific models were developed with Google Cloud’s AI tooling, expertise, and capabilities. They will provide customers the flexibility they need to create models for their company’s unique use cases. ContractPodAi also announced that its Leah suite is now available on Google Cloud.
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EQT Private Equity to Acquire Avetta
EQT Private Equity, a global investment organization, has announced plans to acquire Avetta from Welsh, Carson, Anderson & Stowe (“WCAS”). Avetta is a global supply chain risk management software designed to help companies manage supply chain risks across health, safety, sustainability, and other risk vectors. With the global footprint and sustainability expertise from EQT, Avetta will enhance its value proposition to clients and suppliers and continue to invest in innovations that address the critical challenges global supply chains face.
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HCLTech Expands its Partnership with Google Cloud
HCLTech, a global technology company, has expanded its alliance with Google Cloud. As part of the partnership, HCLTech will use Gemini, its multimodal large language AI model, to create new industry solutions, drive additional business value, help engineers using Google Cloud’s latest GenAI technologies better support their clients, and develop new capabilities for HCLTech platforms, with an initial focus on providing AI technologies to manufacturing, telecom, and healthcare clients. HCLTech will also use the Gemini models to expand its portfolio of solutions built in its Cloud Native Labs and AI Labs.
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Homebase Raises $60 Million in Series D Funding Round
Homebase—an “all-in-one” HR and team management application for small businesses—has raised $60 million in a Series D financing round. The funding was led by L Catterton Growth, with support from Emerson Collective. Existing investors Notable Capital, Bain Capital Ventures, Khosla Ventures, Cowboy Ventures, and PLUS Capital also contributed. Homebase will use the funding to support its ongoing R&D investments and fully integrated team management solution ecosystem, catering to traditionally underserved businesses.
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iGrafx Announces the Early Access Release of Process360 Live Process Simulation
iGrafx, a process intelligence software provider, has launched its Process360 Live Process Simulation in early access. The cloud-based solution is integrated with iGrafx’s process mining and design capabilities and can help organizations accelerate their process optimization initiatives with tools for testing “what-if” hypotheses for potential process changes. It can also identify and measure a potential change’s impact, making it easier for companies to prioritize initiatives with the highest chance of positive ROI.
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SAP Extends its Contract with Chief Technology Officer Juergen Mueller
SAP has extended its contract with Dr. Juergen Mueller, SAP SE’s Chief Technology Officer (CTO), for another three years. As CTO, Mueller will continue to lead SAP’s Technology and Innovation Board, prepare the company for accelerated cloud growth initiatives, and maintain its global security and compliance efforts. He will also be responsible for various architecture decisions and innovations across the SAP ecosystem. Mueller joined SAP in 2013 and has been a SAP SE executive board member since 2019.
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SS&C Technologies Launches a New Intelligent Automation Platform
SS&C Technologies Holdings has released its new SS&C Blue Prism Next Generation intelligent automation platform. With this hybrid-based release, SS&C is providing companies with the benefits of a cloud-based platform alongside support for industry security and compliance requirements that organizations in regulated industries must meet. The release has a drag-and-drop user interface for process design, centralized cloud-based storage, self-hosted digital workers, and a cloud-based control center that provides organizations with a “single pane of glass” for their entire operation.
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Expert Insights Section
Watch this space each week as our editors will share upcoming events, new thought leadership, and the best resources from Insight Jam, Solutions Review’s enterprise tech community for business software pros. The goal? To help you gain a forward-thinking analysis and remain on-trend through expert advice, best practices, trends and predictions, and vendor-neutral software evaluation tools.
The Insight Jam Podcast: Eric Kimberling Talks About the Challenges in Digital/Business Transformation
In the second episode of the Insight Jam Podcast, Eric Kimberling, the CEO of Third Stage Consulting, joints Doug Atkinson for a discussion on the challenges faced in digital (or should it be ‘business’?) transformation, navigating industry shifts, setting realistic expectations for clients, the impact of AI of business, the need for cultural and operational change, and the hurdles involved in starting an independent consulting company.
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Now On-Demand: Mini Jam LIVE Expert Panel Discuss if AI Poses a Threat to the ERP Marketplace?
The full, hour-long recording of the Insight Jam panel, Will AI Pose a Threat to the ERP Marketplace?, is now available to view on the Insight Jam YouTube page. Doug Shannon—an industry-leading thought leader on intelligent automation and generative AI—moderates the panel, which includes in-depth insights from experts like Paul Coetser, Arturo Buzzalino from Epicor, Paul Byrne at Dragon ERP, Glenn Graney of QAD, and Shahin Hatamian at ECI Software Solutions.
Watch Here
For consideration in future news round-ups, send your announcements to wjepma@solutionsreview.com.
The post Top WorkTech News From the Week of April 5th: Updates from iGrafx, HCLTech, SS&C, and More appeared first on Best BPM Tools, Vendors, Software and BPMS.
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