Enterprise Software Express TL;DR – Issue 56

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Welcome to the latest Enterprise Software Express – TL;DR!

Here’s all the latest mid-market industry news you didn’t have time to read since our last issue.

PayTrace - B2B Payments Embedded in Your ERP

General News

📍 Acumatica Opens New Engineering Hub in Hyderabad
Acumatica has stood up a Global Capability Center in Hyderabad with 30+ engineers, its fifth global engineering site alongside the US, Canada, Serbia, and Sri Lanka. Coming right after the Vertrax acquisition, it’s another signal the company is racing to out-build its ERP rivals on R&D capacity.
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🏗️ Sage Acquires Bangert, Bringing Construction Onboarding In-House
Sage has picked up longtime Sage CRE partner Bangert, absorbing its AI-powered onboarding platform, AskRichard, and its implementation methodology for construction customers. It’s a notable move to productize an area of the business that’s historically been a core revenue stream for VARs.
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🚀 Don’t Sleep On Rillet
The AI-native ERP startup just closed a $100M Series C at a $1B valuation, backed by ICONIQ, Sequoia, a16z, and an alliance with EY, and it’s explicitly naming NetSuite as a displacement target. Early traction is concentrated in lean, tech-forward finance teams, but the channel validation from major accounting firms is worth watching.
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📈 Intuit Discloses 6,000 Client Milestone for Intuit Enterprise Suite
In a LinkedIn post about an expanded partnership with Citrin Cooperman, CJ Boguszewski made a reference to 6,000+ clients on Intuit Enterprise Suite, which is a notable metric for their new-ish mid-market offering.
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People – Who’s Moving & Shaking

👔 Epicor Names Vaibhav Vohra as Next CEO
Epicor is handing the reins to Vaibhav Vohra effective October 1, with longtime CEO Steve Murphy stepping down to join the Board. The move draws easy comparisons to Acumatica’s 2022 succession under EQT, and comes as Epicor quietly crosses $1B in ARR.
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🤝 Meet Our Sponsors

We’re grateful for the organizations that support Enterprise Software Express and help keep the conversation moving across the ERP and business tech community. Learn more about each sponsor and what they bring to the ecosystem below.

Martus is a cloud-based budgeting, forecasting, and reporting software tool that allows organizations and businesses to create, execute, and analyze budgets with ease. Martus supports collaboration, is easy to implement, and is very affordable.

The B2B payment experts, PayTrace specializes in payment automation and credit card processing that enables businesses to accept payments anywhere and increase cash flow. PayTrace is committed to supporting merchants with 5-star service while providing comprehensive, easy-to-use payment solutions, all built on the solid foundation of a B2B payment gateway that’s trusted by 40,000 merchant businesses.

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This newsletter is a joint venture between Wayne Schulz, Editor of the Schulz Says newsletter, and Bob McAdam and Darcy Boerio, Co-hosts of Enterprise Software Podcast.

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Enterprise Software Express – TL;DR Issue 56

Acumatica Ascent – A new event for Acumatica Partners

Intuit’s Next Act Gets Harder as Growth Slows In Several Key Businesses

Sage Acquires Bangert, Enhancing Construction Onboarding

Don’t Sleep On Rillet

Enterprise Software Express – TL;DR Issue 55

Vaibhav Vohra Named New CEO of Epicor

Acumatica Opens Hyderabad Engineering Hub, Raising the Stakes in Mid-Market ERP

ChatGPT Doesn’t Sleep. Can You Compete With That?

Partner Summit Signals a Shift: AI as Business Model, Not Feature

Enterprise Software Express – TL;DR Issue 56