software notes Archives - Page 3 of 5

Indian IT Scion Rohan Murty Maps Expansion Plans For Enterprise Software Firm Soroco After Year Of Explosive Growth

Posted on February 22, 2023 by nauw

Rohan Murty, son of Indian tech billionaire NR Narayana Murthy and brother-in-law of UK prime minister Rishi Sunak, is looking to create his own legacy with enterprise software firm Soroco. When Rohan Murty started his software firm Soroco eight years ago, he began by writing code and building a platform for automating large chunks of a business online. Soon joined by cofounders Arjun Narayan and George Nychis, their fledgling company concentrated on improving the workflow of entire divisions, not just team tasks. “We’d built something where we could automate what 250 people could do,” says Murty. “We wanted to automate…

Asure Software Inc (ASUR) Outpaces Stock Market Gains: What You Should Know

Posted on February 14, 2023 by nauw

Asure Software Inc (ASUR) closed at $10.88 in the latest trading session, marking a +1.68% move from the prior day. This change outpaced the S&P 500’s 1.15% gain on the day. At the same time, the Dow added 1.11%, and the tech-heavy Nasdaq gained 11.35%. Coming into today, the shares of the company had gained 8.85% in the past month. In that same time, the Computer and Technology sector gained 10.31%, while the S&P 500 gained 4.49%. Investors will be hoping for strength from Asure Software Inc as it approaches its next earnings release. The company is expected to report…

The IRS says people in most states who got inflation-relief payments don’t have to report them on their taxes

Posted on February 12, 2023 by nauw

The IRS is not going to make tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs. This week, the IRS has been trying to determine whether the money from 21 states to their residents would count as money that was subject to federal income tax. For 16 states, the answer is a straight “no,” the IRS announced Friday evening. For the remaining five states, there’s some nuance, and likely some concentration for the taxpayers who need to see what the new tax rules mean for them.…

Unity Software Layoffs 2023: What to Know About the Latest U Job Cuts

Posted on January 21, 2023 by nauw

Source: Konstantin Savusia / Shutterstock.com Unity Software (NYSE:u) layoffs are incoming as the software company prepares for economic trouble in 2023. Unity Software has cut 284 jobs as part of this process. It’s worth pointing out that this is the second batch of layoffs announced by the company in six months. The company also cut 225 jobs back in June 2022. A spokesperson for Unity said the following in a statement obtained by SFGate: “This process, while hard when it leads to difficult decisions that impact programs and people, allowed us to identify where we need to double down and…

IRS Free File Now Open for 2023-The Free File Alliance Offers Taxpayers Free Industry-Leading Tax Software

Posted on January 17, 2023 by nauw

Published: Jan. 16, 2023 at 10:00 AM CST|Updated: 12 hours ago Taxpayers can e-file their federal tax returns earlier than the official opening of the tax filing season at www.IRS.gov/FreeFile WASHINGTON, Jan. 16, 2023 /PRNewswire/ — Taxpayers can get a head start on preparing their tax returns as Free federal tax preparation and e-filing software is now available at www.IRS.gov/FreeFile to all Americans with a 2022 adjusted gross income (AGI) of $73,000 or less. Powered by The Free File Alliance, a coalition of 7 industry-leading tax software companies partnered with the Internal Revenue Service (IRS), the Free File program gives…

Spy software found a worker wasn’t working as much as she said. Now she must repay her wages.

Posted on January 15, 2023 by nauw

A Canadian accountant has been ordered to repay her employer for “time theft” after the company’s tracking software determined that she was performing personal tasks while she was claimed to be working. The court ruling marks one of the first instances in which such technology has been used to order a worker to repay an employer for slacking off on the job. Karlee Besse, an employee of Vancouver Island accounting firm Reach CPA, initially claimed she was wrongfully dismissed and that her employer owed her $5,000 in unpaid wages and severance pay. Besse’s employer said it terminated her because she…

Progress Software (PRGS): Restarting The M&A Engine With MarkLogic Acquisition

Posted on January 9, 2023 by nauw

gorodenkoff/iStock via Getty Images Progress Software (NASDAQ:PRGS) recently announced its proposed acquisition of privately held on-premise NoSQL database vendor MarkLogic for $355m cash (webcast here). The implied 3-4x EV/Sales valuation seems slightly pricey given the low-single-digit % growth profile, but the sticky, high retention customer base fits well within the PRGS acquisition playbook. And while management hasn’t embedded much in the way of cross-selling synergies, the cost synergy opportunities should help the company eventually achieve a net accretive outcome (albeit not in the short-term). The stock was up on the M&A news, however, valuation multiples are still well below their…

Verify Level Software program Applied sciences Ltd. (NASDAQ:CHKP) Shares Bought by Sumitomo Mitsui Belief Holdings Inc.

Posted on January 4, 2023 by nauw

Sumitomo Mitsui Belief Holdings Inc. reduce its place in shares of Verify Level Software program Applied sciences Ltd. (NASDAQ:CHKP – Get Ranking) by 1.9% within the third quarter, in response to the corporate’s most up-to-date disclosure with the SEC. The fund owned 317,454 shares of the know-how firm’s inventory after promoting 6,224 shares throughout the quarter. Sumitomo Mitsui Belief Holdings Inc. owned 0.25% of Verify Level Software program Applied sciences value $35,561,000 as of its most up-to-date submitting with the SEC. A number of different hedge funds and different institutional buyers have additionally lately purchased and bought shares of CHKP.…