INDEPENDENT SOFTWARE VENDORS (ISVS) MARKET ANALYSIS

Market News

Recent Developments

Key Development:

• In July 2021, Microsoft Azure ISV Connect (an American multinational technology corporation) announced the launch of Azure ISV Connect, a program aimed at helping ISVs accelerate their cloud business growth on the Microsoft Azure platform. The program provides resources, support, and co-selling opportunities for ISVs to build, market, and sell their solutions.
• In September 2020, Salesforce Industries (an American cloud-based software company) launched its Salesforce Industries initiative, formerly known as Salesforce Vertical Solutions, which focuses on developing industry-specific solutions built on the Salesforce platform. This initiative aims to enable ISVs to create and deliver tailored software solutions for industries such as healthcare, financial services, manufacturing, and more. Salesforce, Inc. is an American cloud-based software company.

Acquisition and Partnerships:

• On March 7, 2023, Epicor swoops for ISV partner, the cloud financial planning and analysis specialist Epicor moved to acquire DSPanel, one of its existing independent software vendor (ISV) partners to bolster its market position.
• On March 27, 2023, VeUP acquires M3 Payments technology suite, VeUP, a new global tech consultancy, acquired the product suite of the U.K. FinTech company M3 Payments as part of a multi-million-dollar growth strategy
• On October 3, 2023, Cobo partners with Alibaba Cloud, Cobo partners with Alibaba Cloud. The collaboration between the two companies aims to provide advanced wallet infrastructure for international Web3 organizations. In essence, the partnership leverages Cobo’s expertise in digital asset solutions with Alibaba Cloud’s secure and scalable cloud computing capabilities, and it introduces a Wallet-as-a-Service solution designed for developers and organizations.