Finance

Financial management, cash flow, revenue, EBITDA and profit tips for MSPs, IT service providers (ITSPs) and cybersecurity consulting companies.

Accenture Acquires ARZ; Gains FinTech Banking Expertise

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Accenture buys ARZ for cloud-based banking platform-as-a-service; seeks to accelerate FinTech capabilities across Europe.

N-able Financial Results Offer MSP Software Market Reality Check

N-able Technologies & Datto quarterly financial results reveal MSP software market’s performance amid Kaseya’s pending buyout of Datto. Here’s the bigger picture.

Datto Financial Results Show Momentum Ahead of Sale to Kaseya

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Datto Q1 2022 financial results show MSP technology company’s momentum ahead of pending $6.2 billion sale to Kaseya.

PE-Backed Quatrro Business Support Services Acquires Apparatus Solutions

The acquisition of Apparatus Solutions will allow Quatrro to increase its back-office services in the non-profit vertical.

Pax8 Hires Cloud Software IPO Veteran Puneet Pamnani as CFO

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MSP cloud marketplace provider Pax8 hires IPO (initial public offering) veteran Puneet Pamnani as chief financial officer (CFO).

Financial Services M&A: Omega Systems Merges With ACE IT Solutions

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Managed services provider Omega Systems, a portfolio company of Pfingsten Partners, has merged with ACE IT Solutions.

Fintech Acquisition: Ntersol Buys CoreIP Solutions Inc

Digital transformation strategy and solutions company Ntersol has acquired CoreIP Solutions Inc to expand the reach of the companies’ services.

How Real Is Everything as a Service? Revenue Reality Check

Cisco Plus, Dell Apex & HPE GreenLake revenue clues suggest Everything as a Service demand remains relatively small compared to public cloud consumption.

Accounting Firm Baker Tilly Acquires ERP Technology Consultant Vanilla

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Baker Tilly U.S. acquires Vanilla, a consulting firm that specializes in the sales, implementation and support of ERP software.

Multi-Cloud MSP Rackspace Seeks to Lift Sagging Stock

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Rackspace ($RXT) stock buyback plan reinforces challenges & opportunities in the AWS, Azure & Google multi-cloud managed services market.