Certinia

Certinia
Company type	Private
Industry	Software, Enterprise resource planning
Founded	2009; 17 years ago
Headquarters	San Jose, United States
Products	Cloud-enabled ERP software including accounting, billing, professional services automation, revenue recognition, HR management, supply chain management
Parent	Haveli Investments (private equity consortium)
Website	www.certinia.com

Certinia, previously identified as FinancialForce.com, Inc. until 2023, operates as a privately held software enterprise headquartered in San Jose, California. The company specializes in delivering cloud-enabled enterprise resource planning (ERP) solutions constructed on the Salesforce Platform, encompassing functionalities such as accounting, billing, professional services automation, revenue recognition, human resource management, and supply chain management.

History

The UK-based software company CODA, established in 1979, was purchased by UNIT4 in 2008 for roughly 213 million euros. FinancialForce emerged in September 2009 as a collaborative venture between Salesforce and UNIT4, incorporating CODA's 2go software which had been introduced in December 2008. By March 2019, ownership was divided with Salesforce holding a 40% stake and UNIT4 owning 60%. According to the 2019 annual report, the firm's valuation was approximately 500 million euros.

In March 2015, FinancialForce obtained $110 million in investment from Technology Crossover Ventures alongside Salesforce Ventures. Tod Nielsen, formerly an executive at Salesforce and Heroku, was named CEO and President in January 2017.

On May 3, 2023, the company underwent rebranding to become Certinia. Later, on July 26, 2023, a private equity consortium led by Haveli Investments completed the acquisition of Certinia for nearly $1 billion, inclusive of debt.

External links