Top WorkTech News From the Week of August 9th: Updates from ECI Software Solutions, Apromore, Broadcom, and More

The editors at Solutions Review have curated this list of the most noteworthy WorkTech news from the week of August 9th. This round-up covers announcements and updates from companies like ECI Software Solutions, Apromore, Broadcom, and more.

Keeping tabs on the most relevant ERP and BPM news can be time-consuming. As a result, our editorial team aims to summarize the week’s top headlines in the enterprise technology marketplace. The Solutions Review editors will compile a weekly round-up of vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy WorkTech information. With that in mind, here is some of the top WorkTech news for August 9th.

Top WorkTech News From the Week of August 9th, 2024

Apromore Raises $15 Million in a Funding Round

Apromore, an AI-driven process mining solution provider, has raised $15 million in funding as an extension to its Series B  round, bringing the total amount of the round to USD 25.3 million. The funding was led by existing investors, with additional participation from Tin Alley Ventures, a joint venture between Tanarra Capital and the University of Melbourne, and other investors. Apromore will use the investment to continue supporting its customers, accelerate its AI product roadmap, and further develop its expansion initiatives in the United States and Europe.

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Broadcom Details its ValueOps Insights Platform

Broadcom, a global technology provider, has announced ValueOps Insights, the latest addition to its ValueOps by Broadcom value stream management (VSM) platform. ValueOps Insights is an analytics solution designed to help enterprises measure and enhance the performance of their digital value streams. For example, the platform can streamline data collection and interpretation complexity, providing decision-makers with a unified view of real-time, actionable insights that make it easier to ensure cross-functional alignments with broader business goals.

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Celonis Appoints Mike Kaufmann as Chairman for North America

Celonis has promoted Mike Kaufmann from a member of its customer advisory board to Chairman for North America. Kaufmann was the former CEO of Fortune 15 company Cardinal Health and joined Celonis’ customer advisory board in early 2023. As Chairman of North America, he will help the company continue to invest in its market growth and penetration. Alex Rinke—co-CEO and co-founder of Celonis—says, “We are delighted to have Mike as Chairman to provide his extensive expertise to our customers in North America as we continue to innovate, grow, and drive value for them—on the top, bottom, and green line.”

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ECI Software Solutions Completes its Acquisition of ProfitKey

ECI Software Solutions, a cloud-based business management software provider, has completed its acquisition of ProfitKey International, an ERP platform for discrete manufacturers. The strategic acquisition will help ECI enhance its manufacturing software portfolio and further its commitment to supporting its clients within that industry. ProfitKey’s team will join ECI’s Manufacturing division, its largest business unit, and the software, support, and processes its customers expect will remain unchanged to ensure a smooth transition.

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Fisent Secures Funding for its BizAI Solution

Fisent Technologies, an Applied GenAI Process Automation solutions provider, has secured funding from strategic investors, including Pegasystems, Sand Dollar Capital, and prominent entrepreneurs. The investment will help Fisent accelerate the availability of its BizAI software, designed to enable clients to automate enterprise processes. Adrian Murray, Founder and CEO of Fisent, says, “It is a tremendous endorsement to have partners like Pega support the rapid adoption of our BizAI solution. Their investment further supports our technology and provides us with the resources to meet the enthusiastic market demand we are already experiencing across multiple industries and use cases.”

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Genpact Announces an Integration with Salesforce Data Cloud

Genpact, a global professional services firm, has announced an integration with Salesforce Data Cloud to provide enterprises with AI-driven industry-specific cloud solutions for improving operations and driving competitive advantages. Integrating with Data Cloud will solve disconnected and unstructured data issues, including poor quality, scalability, and accessibility. Additionally, the partnership will combine Genpact’s industry-specific knowledge with Data Cloud’s functionality, enabling businesses to optimize operations and improve decision-making.

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Raken Expands its Partnership with Sage

Raken, a field management solution provider for the construction industry, has expanded its partnership with Sage, a technology provider for small and medium-sized businesses. Alongside its current integrations with Sage 300 CRE and Sage 100 Contractor, Raken will release a new API-based integration with Sage Intacct to help customers reduce the time it takes to process payroll and improve job costing with higher data accuracy. The integration will automatically sync critical project data, including completed time entries.

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