Certinia
Cloud-based applications company
Certinia, known as FinancialForce.com, Inc. until 2023, 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.
01History
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 a joint venture between Salesforce 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 are owned by Salesforce and 60% by UNIT4. Het Financieele Dagblad estimated the value of the company at around 500 million euros, based on the 2019 annual report.
In March 2015, the company received $110M in funding from Technology Crossover Ventures 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 purchased Certinia for nearly $1 billion, including debt. In October 2023, Donald Paoni was named the new CEO, replacing Scott Brown.
Sources and credits
This article is adapted from the Wikipedia article “Certinia”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Images, from Wikimedia Commons:
- Logo of FinancialForce.svg by FinancialForce.com, Inc., Public domain
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