In the News - May 13, 2022

Here is some news that has been in the headlines over the past few weeks. Read on to learn more about funding, acquisitions, and partnerships.

Sage has completed its acquisition of Futrli, the UK's premium cash flow forecasting solution. “At the heart of every successful business is strong cash flow management. According to Neal Watkins, EVP Product, Sage, "Futrli will form an important role in the way we support accountants and their clients to gain the visibility needed to deliver great advisory services - all as part of our Sage for Accountants solution.” 

Rippling has raised $250M in a Series D funding round that valued the company at $11.25B. Rippling helps businesses manage all of their HR & IT — payroll, benefits, computers, apps, and more — in one unified workforce platform.

Sovos, a global tax software vendor, has announced a strategic agreement with KPMG LLP, a global audit, tax, and advisory firm, to help businesses manage their growing value-added tax (VAT) compliance responsibilities across multiple countries. "Managing VAT compliance amid rapid regulatory change is overwhelming for multinational organizations," said Jonathan Eisner, Chief Channel Officer and Vice President of Global Alliances at Sovos.

Shopify has announced plans to acquire Deliverr for $2.1 billion.  Shopify plans to expand on its logistics offerings, According to Tobi Lütke, founder and CEO of Shopify, "Our goal is to not only level the playing field for independent businesses, but tilt it in their favor—turning their size and agility into their superpower, Together with Deliverr, Shopify Fulfillment Network will give millions of growing businesses access to a simple, powerful logistics platform that will allow them to make their customers happy over and over again."