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Certinia, until 2023 known as FinancialForce.com, Inc. is a software company headquartered in
On May 3, 2023, the company FinancialForce.com Inc. was renamed to Certinia.
On July 26, 2023, an investment group led by private-equity firm Haveli Investments purchase Certinia for nearly $1 billion, including debt.
San Jose, California
San Jose, officially the City of San José ( ; ), is a cultural, commercial, and political center within Silicon Valley and the San Francisco Bay Area. With a city population of 997,368 and a metropolitan area population of 1.95 million, it is ...
, that provides enterprise resource planning
Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business management software—typically a suit ...
(ERP) software based on the Salesforce Platform
Salesforce, Inc. is an American Cloud computing, cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intel ...
. The ERP software includes accounting
Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...
, billing, professional services automation
Professional services automation (PSA) is software designed to assist professionals, such as lawyers, auditors, and IT consultants, with project management and resource management for client projects and utilization rate management for billable st ...
, revenue recognition
In accounting, the revenue recognition principle states that revenues are earned and recognized when they are realized or realizable, no matter when cash is received.
It is a cornerstone of accrual accounting together with the matching princip ...
, human resource management
Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize e ...
, and supply chain management
In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished produc ...
applications.History
CODA was a UK software company that was founded in 1979 and acquired by UNIT4 in 2008 for around 213 million euros. FinancialForce was established as ajoint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
between Salesforce
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, and ap ...
and UNIT4 in September 2009, which incorporated the Coda 2go software that was originally launched in December 2008. As of March 2019, 40% of the shares
In financial markets, a share (sometimes referred to as stock or equity) is a unit of equity ownership in the capital stock of a corporation. It can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Sha ...
are owned by Salesforce and 60% by UNIT4. ''Het Financieele Dagblad
''Het Financieele Dagblad'' (; ) is a daily Dutch newspaper focused on business and financial matters. The paper was established in 1943. The company is headquartered in Amsterdam. It was among the newspapers participating in the Panama Papers
...
'' estimated the value of the company at around 500 million euros, based on the 2019 annual report
An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance. ...
.
In March 2015, the company received $110M in funding from Technology Crossover Ventures
TCMI, Inc. better known by the name TCV (Technology Crossover Ventures) is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry.
Background ...
and Salesforce Ventures. In January 2017, FinancialForce appointed former Salesforce and Heroku executive Tod Nielsen as CEO and President.
On May 3, 2023, the company FinancialForce.com Inc. was renamed to Certinia.
On July 26, 2023, an investment group led by private-equity firm Haveli Investments purchase Certinia for nearly $1 billion, including debt.
References
External links
* * * {{DEFAULTSORT:Financialforce American companies established in 2009 Software companies established in 2009 Software companies of the United States 2009 establishments in California Privately held companies based in California Software companies based in the San Francisco Bay Area Customer relationship management software companies ERP software companies