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‘Big Four’ accountancy firm EY announces business split
Ernst & Young has pushed ahead on a partner vote to break up the business into separate audit and advisory firms. Leaders across the 15 biggest member organizations, which represent 80 percent of the firm’s £39bn annual revenues, unanimously agreed on the much-mooted pivot late last week.
Samsara bolsters enterprise weight with Q2 results
Samsara has announced its Q2 fiscal 2023 financial results. The report indicates a strong quarter of growth at scale, as the company surpassed $660m of annual recurring revenue, growing more than 50 percent YoY.
Celonis secures $1bn at $13bn valuation to tackle supply chain challenges
Celonis has secured an additional $1bn in funds to accelerate its position to help customers thrive in challenging economic environments. This $1bn in liquidity is anchored by a $400m equity raise at a post money valuation of nearly $13bn. In addition, Celonis has expanded its revolving credit facility to obtain access to as much as $600m with a syndicate of leading global banks.
Google further exits Smart City stage with Cloud closure
Five years after its inception, Google Cloud's IoT Core system is no more, pointing towards a further pivot away from smart city technology for Google and parent company Alphabet. The news comes not even one year after Sidewalk Labs, Alphabet's controversial urban planning subsidiary, was folded back into Google. The IoT Core closure was announced with a message on the product's page stating the service will be retired on August 16, 2023.
Eureka Solutions provides drive for change at home of golf
Eureka Solutions has rolled out a tailored Oracle NetSuite solution at St Andrews Links Trust to help keep the home of golf at the forefront of the global game. St Andrews Links Trust, which manages the world-famous Old Course and...
Latest results a turning point for IFS
IFS has revealed another set of stellar results which confirm the business is firmly on the path to £1bn in revenue and underscores the recent valuation of $10bn following a recent recap with Hg Capital. IFS’s growth in H1 2022 is put down to acquiring net new customers as well as from the IFS install base continuing to upgrade to its IFS Cloud product. In the first 12 months of IFS Cloud’s general availability, the company reported the same number of new users as it secured over a 25-year period with previous generation software.
Sage and Microsoft expand partnership to simplify workflows
Sage has expanded its partnership with Microsoft with new plans to integrate Microsoft Business Products, including Microsoft 365 and Microsoft Teams, as embedded services in Sage products and the Sage Digital Network.
SAP moves first to control costs in wake of economic uncertainty
A certain existential crisis of the employee sort has been spreading across enterprise as of late. Microsoft announced small layoffs as part of a business realignment this week, while a staff-wide email on Tuesday from Google's CEO warned employees of consolidation due to the “uncertain global economic outlook.”
EY acquires Fabernovel to augment innovation offering
EY has completed the acquisition of Fabernovel, a Paris-based innovation and digital transformation consulting firm that supports customers across Europe. The deal adds around 350 employees to EY Consulting’s team, making it one of its larger acquisitions in the past...