Latest news with #cloudsoftware
Yahoo
2 hours ago
- Business
- Yahoo
Morgan Stanley Raises Sprinklr (CXM) PT to $10, Maintains Equal Weight Rating
On Thursday, Morgan Stanley analyst Elizabeth Porter raised the price target on Sprinklr Inc. (NYSE:CXM) to $10 from $8, while maintaining an Equal Weight rating on the shares. Porter noted that Sprinklr's Q1 2025 report showed progress in the company's transformation, with operational improvements and a stable near-term outlook. A software engineer working on a monitor in a modern office. Morgan Stanley is encouraged by the early stages of what is expected to be an approximately 18-month transformation and believes the shares appropriately reflect a turnaround story. The company's total revenue reached $205.5 million in Q1, which was up 5% year-over-year, and subscription revenue at $184.1 million, which was up 4%. Professional services revenue in particular was $21.4 million. The subscription and revenue-based net dollar expansion rate was 102%, and the company had 146 customers with $1 million or more in subscription revenue, which is up 6%. However, Sprinklr is facing longer sales cycles and increased scrutiny of enterprise spending due to macroeconomic uncertainty. The company is also contending with customer churn and downsell activity, which are impacting its net dollar expansion rate. The company anticipates a negative impact of $10 million on non-GAAP operating expenses due to foreign exchange rate volatility. Sprinklr Inc. (NYSE:CXM) provides global enterprise cloud software products. While we acknowledge the potential of CXM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
2 days ago
- Business
- National Post
The Builders Group Goes Live on Insurity Workers' Comp Suite
Article content HARTFORD, Conn. — Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers' Comp Suite. Article content This milestone signifies the completion of a deployment that will support TBG's end-to-end workers' compensation operations, equipping them with modern tools to streamline workflows, reduce manual processes, and deliver faster, more responsive service to their policyholders. Article content Article content 'Going live on Insurity Workers' Comp Suite is an important milestone for TBG as we work to modernize and streamline our operations,' said Joe Sherman, Director of IT at TBG. 'The secure cloud platform enables us to improve efficiency, enhance service delivery, and position ourselves for future growth. Its robust functionality and flexibility give us the tools we need to better support our members and agents, and adapt to the evolving needs of the workers' comp market.' Article content 'We are proud to support TBG as they modernize their operations with Insurity Workers' Comp Suite,' said Sylvester Mathis, Chief Insurance and Chief Revenue Officer at Insurity.'Our team remains focused on delivering secure, flexible, and high-performance solutions that drive measurable value for our customers.' Article content With this go-live, TBG joins a family of more than 500 insurers and MGAs that are currently using Insurity's technology to streamline processes, enhance agility, and improve time to market. Article content About Insurity Article content Insurity is a leading provider of cloud-based software for insurance carriers, brokers, and MGAs. Insurity is trusted by 22 of the top 25 P&C carriers and 7 of the top 10 MGAs in the US and has over 400 cloud-based deployments. Through its best-in-class digital platform, unrivaled industry experience, and the industry's most robust analytics offerings, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners and TA Associates. For more information, visit Article content About TBG Article content TBG is the #1 self insured Workers' Compensation fund in Minnesota providing Workers' Comp insurance to over 38,000 construction workers in Minnesota. Through The Builders Group (TBG), the Minnesota construction industry has access to affordable, high-quality workers' comp tailored specifically to their needs. They have a partner who fully understands their risks and is committed to helping them lower costs, create safer workplaces and take better care of their workers. Article content Article content Article content Article content Article content
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Momentive Software Expands Association Management Software Portfolio with Acquisition of Cobalt
ST. PETERSBURG, Fla., May 27, 2025 (GLOBE NEWSWIRE) -- Momentive Software, a leading provider of cloud-based software, services and payment solutions for purpose-driven organizations, today announced the acquisition of Cobalt, a provider of association and certification management software built on the industry-leading customer relationship management (CRM) platform Microsoft Dynamics 365. This is Momentive's second acquisition under its new brand identity, after purchasing learning management software and services provider Blue Sky eLearn. Software continues to play a vital role in helping mission-driven organizations operate more efficiently and achieve greater impact. By streamlining business processes, enhancing member engagement, managing certification workflows, and supporting successful fundraising events, technology empowers these organizations to focus more effectively on their core mission. Access to accurate and actionable data is also essential, providing the necessary insights to make informed decisions, evaluate mission effectiveness, and develop targeted initiatives that deliver measurable outcomes. With the right digital tools in place, nonprofits and associations are better equipped to create lasting, positive change within the communities they serve. With this acquisition and the previous Blue Sky eLearn acquisition, Momentive Software continues on a fast track of innovation that is driven by the customer experience and integration via the Momentive Data Hub. The company's comprehensive solution suite encompasses end-to-end tools that address the unique challenges of mission-driven organizations. It includes software that improves efficiency, strengthens member and donor engagement, and offers access to data that tracks and reports on mission impact, ensuring that purpose-driven organizations can adapt and thrive in a rapidly changing environment. The acquisition of Cobalt expands Momentive's depth of AMS and certification offerings to help associations of any size successfully manage business processes, membership engagement, credentialing, events and their overall impact. 'Our focus is on how we can better support mission-driven organizations by simplifying the unique challenges they face, so they can concentrate on what matters most - advancing their mission and creating lasting impact,' said Mike Henricks, CEO of Momentive Software. 'Acquiring Cobalt underscores Momentive's dedication to making strategic technology investments that deliver greater value to our customers and partners. The Cobalt team is joining us at a great time in our journey, and I look forward to growing our team and continue delivering user-friendly solutions to help nonprofits and associations sustain mission growth. Our recent launch of Automated Payments for MIP Accounting and improved payment experience with Clover Go integration, coupled with these acquisitions forge the path in our ability to change the industry.' Nearly 200 enterprise organizations leverage Cobalt's Engagement Dynamics AMS and certification offerings to enhance membership and credentialing management and donor engagement, automate and streamline business processes, drive revenue and attract funding for greater community impact. The acquisition advances Momentive's efforts to enhance its end-to-end solutions portfolio, offering customers a choice to meet their unique association management needs to maximize mission impact. 'It's exciting for us to be joining Momentive Software at a time when they are leading the way in innovation to meet the evolving needs of associations by supporting their ability to make a significant impact and drive meaningful change,' said Russell Inman, CEO of Cobalt. 'We share a customer first approach, and we look forward working together to create new possibilities for our customers and partners.' Terms of the transaction were not disclosed. Sherrard Roe Voigt & Harbison, PLC (Nashville, Tennessee) acted as legal counsel to Momentive Software in the transaction. About Momentive Software Momentive Software amplifies the impact of over 30,000 purpose-driven organizations in over 30 countries. Mission–driven organizations and associations rely on the company's cloud-based software and services to solve their most critical challenges: engage the people they serve, simplify operations, and grow revenue. Built with reliability at the core and strategically focused on events, careers, fundraising, financials, and operations, our solutions suite is bound by a common purpose to serve the organizations that make our communities a better place to live. Learn more at
News.com.au
27-05-2025
- Business
- News.com.au
Break it Down: Optiscan progresses real-time telepathology platform to minimum viable product stage
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully looks at the latest from Optiscan (ASX:OIL), who have progressed its cloud-based telepathology streaming software project to minimum viable product stage. Watch the video to find out the latest. While Opitscan is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Optiscan progresses real-time telepathology platform to minimum viable product stage Stockhead Copper's running hot and Telstra's chasing better returns, as markets ride a tariff breather out of Europe. Stockhead Optiscan and its Canadian partner are at the advanced stage of developing software that will enable surgeons to 'talk' to remote pathologists in real time. Stockhead American West Metals has raised almost $6 million to add to its funding pool to advance the Storm project in Canada.
