Market Share of Finance Cloud Industry
The Finance Cloud market is competitive and consists of several major players. In order to gain a better foothold in the market, players are adopting strategies such as product innovation, partnerships and mergers and acquisitions
- February 2023 - Thoma Bravo, a software investment firm, announced that it had completed its acquisition of Coupa Software, a provider of cloud based business spend management platform that unifies processes across the supply chain, procurement, and finance functions, for approximately $8.0 billion.
- January 2022 - Avaloq, a provider of software as a service (SaaS) and business process as a service (BPaaS) and ), In Asia, they will continue to strengthen their longstanding partnership with RBC Wealth Management, an operation of the Royal Bank of Canada. It will also help RBC Wealth Management to move forward with a cloud based SaaS model and modernise the wealth management platform by implementing more sophisticated solutions.
Finance Cloud Market Leaders
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Oracle Corporation(and Netsuite)
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IBM Corporation
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Microsoft Corporation
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Salesforce.com Inc.
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SAP SE
*Disclaimer: Major Players sorted in no particular order
