B2B News for Tuesday, February 1, 2022: Water Tigers, Botify Appointments, Corcentric Re-Brand

B2B News
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Gong xi fa cai! Happy Lunar New Year to everyone celebrating the Year of the Water Tiger. May courage and strength be found in all of us all year long.

Botify has appointed Robert Rothschild as Chief Marketing Officer and Angela Newman as Senior Vice President of Legal. The appointments come at an interesting time in the company’s development. In 2021 Botify secured $55 million US in Series C funding, made product enhancements, signed 76 new customers and opened new offices in Singapore, Sydney, and Tokyo. 

“What attracts me to Botify is the smart and talented team and its tech-driven market approach, which is focused on translating organic search into measurable and impactful business results. I’m humbled and excited to be leading and building the global marketing team at Botify. And, by the way, we’re hiring!” said Rothschild.

Press release: https://botify.reportablenews.com/pr/botify-welcomes-new-cmo-and-svp-legal-to-support-global-growth-initiatives

Corcentric has rebranded Vendorin, its B2B payments solution subsidiary, as Corcentric Payments. Corcentric acquired Vendorin in 2020. By operating under one brand, the company can monetize transactions through payments, supply chain finance, and group purchasing, as well as move payments to electronic forms, increase overall supplier acceptance, and fully automate organizations’ accounts receivable (AR) and accounts payable (AP) processes.

“Corcentric is relentlessly focused on our customers, which is why we are looking continuously for ways to help businesses reduce costs and unlock new potential through our solutions,” said Matt Clark, President and Chief Operating Officer at Corcentric. “As pandemic conditions continue causing companies of all sizes to shift to electronic payments, our combination of a stellar supplier network and an integrated true payment network makes Corcentric a single, formidable force.”

Press release: https://www.prnewswire.com/news-releases/b2b-payments-provider-vendorin-rebranded-as-corcentric-payments-301471402.html

Equifax will acquire Efficient Hire. Efficient Hire is a provider of cloud recruiting, onboarding and HR management solutions. Equifax Workforce Solutions will use the acquisition to bring employers more of the services and insights they need to help them manage a rapidly changing HR landscape.

“The Efficient Hire acquisition demonstrates our commitment to reinvesting our 2021 outperformance in bolt-on acquisitions that further position Equifax for diversified growth,” said Mark W. Begor, CEO of Equifax. “Efficient Hire will enhance our robust suite of employer services, and bolster our largest and fastest-growing business: Workforce Solutions. As the only cloud-native company of our kind, we will leverage the Equifax Cloud™ to rapidly integrate Efficient Hire’s solutions into the Equifax portfolio, helping us to drive innovation and provide customers with unique access to more capabilities, product suites and services.”

Press release: https://www.prnewswire.com/news-releases/equifax-to-acquire-efficient-hire-301472117.html

In short but notable news, the Ernst and Young (EY) Entrepreneur of the Year awards for 2022 are open nominations.  

More info: https://eoy.ey.com/

You may want to be careful with CEO nominations though, especially if an award might go to their head. According to new research published in the Journal of Applied Psychology, when CEOs appear narcissistic it conflicts with what middle managers need and expect during a time of crisis. The uncertainty, decreased sense of control and lower levels of satisfaction for middle managers this causes can affect their own leadership behavior and may even consequences for the whole organization.

“When middle managers view the CEOs as narcissistic — having inflated self-views and being self-centered, entitled, indifferent to others and attention-seeking — they tend to engage in workplace behaviors that may not necessarily benefit the company in the long run,” said Jooyoung Kim a Ph.D. student in management and lead author of the paper.

Press release: https://www.newswise.com/articles/the-danger-of-narcissistic-ceos-especially-during-a-crisis

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Kate Baggott

Kate Baggott

Kate Baggott is a former Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Find links to recent articles by following her on LinkedIn https://www.linkedin.com/in/kate-baggott-9a0306/