View source for Certinia

{{short description|Cloud-based applications company}}
{{Infobox company
| name = Certinia
| logo = Logo of Certinia.svg
| logo_size = 250px
| type = [[Private company]]
| industry = [[Enterprise resource planning]] software
| foundation = 2009
| parent = {{Plain list|
* [[UNIT4]] (60%)
* [[Salesforce|Salesforce, Inc.]] (40%)
}}
| location = [[San Jose, California]]
| homepage = {{URL|https://certinia.com}}
}}
'''Certinia''', until 2023 known as '''FinancialForce.com, Inc.'''<ref>{{cite web |title=FinancialForce.com Inc|url=https://www.bloomberg.com/profile/company/0976795D:US |website=[[Bloomberg.com]]}}</ref> 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]], [[Invoice|billing]], [[professional services automation]], [[revenue recognition]], [[human resource management]], and [[supply chain management]] applications.
==History==
[[Coda (company)|CODA]] was a UK software company that was founded in 1979 and acquired by UNIT4 in 2008 for around 213 million euros.<ref>{{Cite web |last=van der Beek |first=Pim |date=October 2, 2009 |title=Unit 4 en Salesforce gaan samen boekhouden |url=https://www.computable.nl/artikel/nieuws/cloud-computing/3087501/250449/unit-4-en-salesforce-gaan-samen-boekhouden.html |access-date=2023-04-04 |website=[[:nl:Computable|Computable]] |language=NL}}</ref><ref>{{Cite web |title=Definition of Coda |url=https://www.pcmag.com/encyclopedia/term/coda |access-date=2023-04-04 |website=PCMAG |language=en}}</ref>
FinancialForce was established as a [[joint venture]] between [[Salesforce]] and [[Unit4|UNIT4]] in September 2009,<ref>{{Cite web |last=Kanaracus |first=Chris |date=2012-03-07 |title=FinancialForce.com rolls out enhanced accounting, services applications |url=https://www.computerworld.com/article/2730429/financialforce-com-rolls-out-enhanced-accounting--services-applications.html |access-date=2023-04-04 |website=[[Computerworld]] |language=en}}</ref> which incorporated the Coda 2go software that was originally launched in December 2008.<ref>{{Cite web |date=2008-12-02 |title=CODA completes successful CODA 2go beta programme and launches free trial |url=https://www.accountingweb.co.uk/community/industry-insights/coda-completes-successful-coda-2go-beta-programme-and-launches-free-0 |access-date=2023-04-04 |website=AccountingWEB |language=en-gb}}</ref><ref>{{Cite news |date=2009-09-30 |title=Salesforce.com, Coda form new SaaS financials company |language=en |work=[[Reuters]] |url=https://www.reuters.com/article/urnidgns852573c4006938800025763f005ee9ce-idUS356905951120090930 |access-date=2023-04-04}}</ref> As of March 2019, 40% of the [[Share (finance)|shares]] are owned by Salesforce and 60% by UNIT4.<ref>{{Cite web |title=Unit4 slankt bedrijf af om nieuwe verkooppoging te kunnen wagen |url=https://fd.nl/ondernemen/1294275/unit4-slankt-bedrijf-af-om-nieuwe-verkooppoging-te-kunnen-wagen |access-date=2023-04-04 |website=[[Het Financieele Dagblad]] |language=nl}}</ref> ''[[Het Financieele Dagblad]]'' estimated the [[Valuation (finance)|value]] of the company at around 500 million euros, based on the 2019 [[annual report]].<ref>{{Cite web |title=Lucratief knippen in Unit4? |url=https://fd.nl/beurs/1378229/lucratief-knippen-in-unit4 |access-date=2023-04-04 |website=[[Het Financieele Dagblad]] |language=nl}}</ref>
In March 2015, the company received $110M in funding from [[Technology Crossover Ventures]] and Salesforce Ventures.<ref>Miller, Ron. [https://techcrunch.com/2015/03/25/financialforce-lands-another-110m-investment/ "FinancialForce Hauls In $110M Investment"], ''[[TechCrunch]]'', 26 March 2015. Retrieved on 27 March 2015.</ref> In January 2017, FinancialForce appointed former Salesforce and Heroku executive Tod Nielsen as CEO and President.<ref>Miller, Ron. [https://techcrunch.com/2017/01/06/financialforce-selects-former-salesforce-and-heroku-exec-to-be-new-ceo/ "FinancialForce selects former Salesforce and Heroku exec to be new CEO"], ''[[TechCrunch]]'', 6 January 2017. Retrieved on 6 January 2017.</ref>
[[File:Logo of FinancialForce.svg|thumb|Logo of FinancialForce until May 2023]]
On May 3, 2023, the company FinancialForce.com Inc. was renamed to Certinia.<ref>{{Cite web |title=FinancialForce Rebrands to Certinia, the 'Single Source of Certainty' for Services Businesses |url=https://certinia.com/resources/financialforce-rebrands-to-certinia-the-single-source-of-certainty-for-services-businesses/ |access-date=2023-05-09 |website=Certinia |language=en-US}}</ref>{{Non-primary source needed|date=May 2023}}
On July 26, 2023, an investment group led by private-equity firm Haveli Investments purchase Certinia for nearly $1 billion, including debt.<ref>{{Cite web |last=Vinn |first=Milana |date=July 26, 2023 |title=Haveli, General Atlantic to buy software firm Certinia for nearly $1 bln |website=[[Reuters]] |url=https://www.reuters.com/markets/deals/haveli-general-atlantic-buy-software-firm-certinia-nearly-1-bln-sources-2023-07-26/ }}</ref>
==References==
{{Reflist}}
== External links ==
* {{Official website|https://certinia.com}}
* {{web archive|url=https://web.archive.org/web/20220307204615/https://www.financialforce.com/|title=FinancialForce, former official website}}
* {{webarchive|url=https://web.archive.org/web/20080704123137/http://www.coda2go.com |date=July 4, 2008|title=CODA 2go, former official website}}
{{ERP software}}
{{DEFAULTSORT:Financialforce}}
[[Category:American companies established in 2009]]
[[Category:Software companies established in 2009]]
[[Category:Software companies of the United States]]
[[Category:2009 establishments in California]]
[[Category:Privately held companies based in California]]
[[Category:Software companies based in the San Francisco Bay Area]]
[[Category:Customer relationship management software companies]]
[[Category:ERP software companies]]