IQNavigator Expands European Operations with New Office in Germany
On January 8, IQNavigator, the Colorado-based provider of Vendor Management Solutions (VMS), announced that it is opening a new office in Munich, Germany as it seeks to expand its European operations there and in central Europe. Frank Thies will serve as IQNavigator’s country manager and sales director for the central European region’s sales and support team, which seeks to expand operations not only in Germany, but also in Austria and Switzerland. Although IQNavigator’s EMEA headquarters will remain in the UK, the Munich office will provide support to existing IQNavigator clients in these and other central European countries, where it sees demand for VMS solutions increasing.
Trade Extensions Launches TESS Academy
On January 6, Trade Extensions, the Sweden-based provider of advanced sourcing solutions, announced the creation of TESS Academy, an accreditation and benchmarking service for users of Trade Extension’s solutions. The program mixes e-learning, instructor-led, and verbal training sessions to train users on how to initiate, analyze, and complete sourcing events, what Trade Extensions considers level 2, or novice. As users work towards level 3 and 4, they continue with e-learning modules but incorporate face-to-face and webinar-based modules where they’ll learn about advanced scenario modeling. After reaching level 4, users are considered experts in the program. According to Trade Extensions, TESS Academy is currently available and existing users can start take modules immediately.
E2Open Announces 3Q FY 2015 Earnings
On January 8, E2Open (NASDAQ: EOPN), a California-based provider of network-based collaborative planning and execution solutions, announced its financial earnings for the third quarter of Fiscal Year 2015 on a call led by E2Open’s President and CEO, Mark Woodward. We listened in and here are a few highlights:
- Earnings for the quarter were $20.2 million, $16.7 million of which were from subscriptions and support revenue, while the other $3.5 million were from professional services revenue.
- GAAP Net losses for the quarter were $9.1 million, compared to a $9.3 million loss for Q2 FY2015 while Non-GAAP net loss for the period was $4.7 million compared to $4.4 million loss for Q2 FY2015
- E2Open’s balance sheet included cash and investments of $25.1 million, down $11 million from the end of 2Q FY 2014.
- Ended the quarter with 129 enterprise customers, including the 5 new customers signed in the quarter
In the third quarter, E2Open also partnered with Esri, which provides GIS and information intelligence software, to introduce real-time, map-based track-and-trace capability to its solutions. Woodward believes this capability will provide improved logistics monitoring, visibility, and supply chain performance to E2Open’s customers.
Infosys Announces Third Quarter Earnings
On January 9, Infosys, India’s second-largest business process outsourcing (BPO) provider, announced its third quarter earnings for the fiscal year 2015. We sat in on this earnings call, which was led by Infosys’ CEO and Managing Director, Dr. Vishal Sikka who told us that “Based on our strong performance, we are intensifying our efforts to deepen employee engagement, client ecosystem and strengthen our foundation of education as we build a next-generation services company that innovates for consistent profitable growth.”
Here are some highlights from the call:
- Infosys’ Q3 revenues grew by 3.4% quarter-over-quarter, and 5.9% year-over-year.
- Its constant currency revenue growth (in USD) grew by 2.6% quarter-over-quarter.
- Its net profit grew 5.0% quarter-over-year, and 13.0% year-over-year
- Infosys and its subsidiaries added 59 clients during the quarter
- Infosys ended the year with 169,638 employees of which, 13,154 were added during the final quarter of 2014
- Highest staff utilization in 11 years
Dr. Sikka also reported that Infoys expanded its Innovation Fund from the current $100 million to $500 million to support the creation of a global ecosystem of strategic partners. Executives also announced numerous technology and business partnerships as well as several employee growth and training initiatives.
Informatica Partners with Tableau to Deliver Self-Service Data Analytics Solution
Last month, Informatica Corporation (Nasdaq: INFA) announced that it has gone to market with the newest version of its cloud-based, self-service business analytics solution, Informatica Rev, that leverages Tableau Software’s data visualization software for data analysis and reporting. According to the announcement, Informatica Rev is offered with two pricing options. There is a free trial and an expanded offering priced at $150 per user per month with additional data volume support and capabilities. The tool was launched in the Fall, and since then, more than 3,500 end users across 800 enterprises have adopted the freemium version.
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