01732 759725 12 BULLETIN Lifecycle Software joins TMForum Lifecycle Software, a provider of business support systems and real-time charging solutions for the telecommunications industry, has announced its membership in TMForum, a global industry association driving digital transformation and collaboration within the telecoms sector. By becoming a member of TMForum, the company aims to strengthen its industry collaborations, foster innovation, and drive the development of future-proof solutions that address the evolving needs of telecoms operators. CEO Kelvin Chaffer said: “Joining TMForum is a significant milestone for Lifecycle Software. This membership empowers us to exchange knowledge, influence industry standards, and shape the future of telecoms by enabling seamless integration and interoperability. We look forward to collaborating with fellow members and contributing to the transformation of the industry." www.lifecycle-software.com M-Files reaches Centaur status M-Files has announced it has reached Centaur status, having achieved a milestone of $100m in annual recurring revenue. First introduced by Bessemer Ventures, the designation of Centaur goes to privately held SaaS companies that have hit $100m in annual recurring revenue. An elite subset of the growing unicorn herd, Centaur status is widely accepted to be an accurate measure of an organisation's success, denoting strong product-market fit, a scalable go-to-market strategy, and a growing customer base, according to Bessemer’s 2023 State of the Cloud report. Antti Nivala, Founder and CEO, M-Files said: “Our company is cash-flow positive, hyper-focused on profitable growth, and, as an independent company, we’ve never been forced to integrate with a larger, multi-product organisation. This sustainable growth approach is combined with our strong Finnish roots and culture. Our values based on equality, trust, and honesty allow us to focus on providing the best products, service, and support on the market. I’m proud of this achievement and look forward to continued success and growth to come." Bessemer Ventures estimates that only 50 new software-as-a-service businesses reached Centaur status last year. www.m-files.com Demand for ECM solutions soars Demand for efficient DMS solutions has risen in recent years, as companies increasingly recognise that managing documents and information is critical to the success of their business. This trend is reflected in DocuWare’s fiscal year figures. The provider of document management and workflow automation solutions closed the 2022 financial year extremely successfully with a 21.5% increase in revenue and over 3,000 new customers over the previous year. Supported by its network of more than 800 partners, DocuWare continues to expand its global business. With strong demand for cloud-based solutions and continuous innovation, DocuWare has established itself as a leading provider in this field since 2012 and cloud revenue grew by 47.4% YOY. Among the approximately 3,000 new customers, around 2,500 opted for the cloud, which reflects a global increase of 33%. At the end of the 2022 fiscal year, DocuWare had 8,500 cloud customers. https://start.docuware.com Paessler acquires qbilon Paessler AG, the IT monitoring specialist best known for the monitoring software Paessler PRTG has acquired qbilon GmbH, a company that provides a platform for automatically capturing, analysing and optimising hybrid IT landscapes. The acquisition is in line with Paessler’s long-term growth plans to provide the best possible IT, OT, and IoT monitoring solutions to its customers and to further enlarge its footprint, especially in the large-scale enterprise segment, with new product offerings. “As our first ever acquisition, today marks an exciting milestone in our history and future,” said Helmut Binder, CEO of Paessler. “We are passionate about giving customers the visibility they need of their IT landscapes to optimise resources, and qbilon is a natural fit with both our culture and what we are aiming to achieve. www.paessler.com Valsoft strengthens printing vertical with acquisition Valsoft has announced the acquisition of Nexera, an industry leader in providing customers the most accurate, comparative copier/printer device data and benchmarks. The company also offers a wide range of services such as virtual CFO, strategic planning, business-minded solutions, IT consulting and management with cloud-based and on-premise designs, to virtual printer management and service management. Nexera becomes the third company in the printing vertical to join Aspire Software – the operating group at Valsoft – along with MPS Monitor and Euroform. Nexera can further strengthen its presence in the North American market and expand globally by leveraging Aspire’s existing presence. www.valsoftcorp.com Cohesity partners with Google Cloud Cohesity has announced an expanded partnership with Google Cloud to help organisations unlock the power of generative AI and data. The company also unveiled Cohesity Turing, a unique, comprehensive, and rapidly evolving set of AI technologies that brings the power of AI to data security and management. The expanded partnership with Google Cloud, along with Cohesity Turing, will enable organisations to leverage their entire data estate through a single, secure workflow across on-premises, multi-cloud, and edge environments. www.cohesity.com 20 23 Royal Lancaster · December 5 ENTRIES & VOTING OPEN SEE CRITERIA – PAGE 22 Helmut Binder Antii Nivala
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