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Certinia

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Certinia
Company typePrivate company
IndustryEnterprise resource planning software
Founded2009
HeadquartersSan Jose, California
Parent
Websitecertinia.com

Certinia, until 2023 known as FinancialForce.com, Inc.[1] is a software company headquartered in San Jose, California, that provides enterprise resource planning (ERP) software based on the Salesforce Platform. The ERP software includes accounting, billing, professional services automation, revenue recognition, human resource management, and supply chain management applications.

History

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CODA was a UK software company that was founded in 1979 and acquired by UNIT4 in 2008 for around 213 million euros.[2][3]

FinancialForce was established as a joint venture between Salesforce and UNIT4 in September 2009,[4] which incorporated the Coda 2go software that was originally launched in December 2008.[5][6] As of March 2019, 40% of the shares are owned by Salesforce and 60% by UNIT4.[7] Het Financieele Dagblad estimated the value of the company at around 500 million euros, based on the 2019 annual report.[8]

In March 2015, the company received $110M in funding from Technology Crossover Ventures and Salesforce Ventures.[9] In January 2017, FinancialForce appointed former Salesforce and Heroku executive Tod Nielsen as CEO and President.[10]

Logo of FinancialForce until May 2023

On May 3, 2023, the company FinancialForce.com Inc. was renamed to Certinia.[11][non-primary source needed]

On July 26, 2023, an investment group led by private-equity firm Haveli Investments purchase Certinia for nearly $1 billion, including debt.[12]

References

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  1. ^ "FinancialForce.com Inc". Bloomberg.com.
  2. ^ van der Beek, Pim (October 2, 2009). "Unit 4 en Salesforce gaan samen boekhouden". Computable (in Dutch). Retrieved 2023-04-04.
  3. ^ "Definition of Coda". PCMAG. Retrieved 2023-04-04.
  4. ^ Kanaracus, Chris (2012-03-07). "FinancialForce.com rolls out enhanced accounting, services applications". Computerworld. Retrieved 2023-04-04.
  5. ^ "CODA completes successful CODA 2go beta programme and launches free trial". AccountingWEB. 2008-12-02. Retrieved 2023-04-04.
  6. ^ "Salesforce.com, Coda form new SaaS financials company". Reuters. 2009-09-30. Retrieved 2023-04-04.
  7. ^ "Unit4 slankt bedrijf af om nieuwe verkooppoging te kunnen wagen". Het Financieele Dagblad (in Dutch). Retrieved 2023-04-04.
  8. ^ "Lucratief knippen in Unit4?". Het Financieele Dagblad (in Dutch). Retrieved 2023-04-04.
  9. ^ Miller, Ron. "FinancialForce Hauls In $110M Investment", TechCrunch, 26 March 2015. Retrieved on 27 March 2015.
  10. ^ Miller, Ron. "FinancialForce selects former Salesforce and Heroku exec to be new CEO", TechCrunch, 6 January 2017. Retrieved on 6 January 2017.
  11. ^ "FinancialForce Rebrands to Certinia, the 'Single Source of Certainty' for Services Businesses". Certinia. Retrieved 2023-05-09.
  12. ^ Vinn, Milana (July 26, 2023). "Haveli, General Atlantic to buy software firm Certinia for nearly $1 bln". Reuters.
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