The ERP Minute Episode 145 - July 2nd, 2024

Aptean announced it has received an investment from Clearlake Capital Group, L.P. to support Aptean’s journey. OneStream Inc. announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. Oracle announced the general availability of HeatWave GenAI, which includes the industry’s first in-database large language models (LLMs), an automated in-database vector store, scale-out vector processing, and the ability to have contextual conversations in natural language informed by unstructured content.

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Transcript

Hi and welcome to episode 145 of The ERP Minute. I’m your host, Rebekah McCabe.

Aptean started the week by announcing it has received an investment from Clearlake Capital Group, L.P. to support Aptean’s journey. Clearlake will join existing investors TA Associates, Insight Partners, and Charlesbank Capital Partners as shareholders. This investment demonstrates Aptean’s growing hold in the market, as more and more investors see an opportunity to support the vendor. 

In growth-related news, OneStream Inc. announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. OneStream is expanding its public reach by initiating this IPO.

Finally, Oracle announced the general availability of HeatWave GenAI, which includes the industry’s first in-database large language models (LLMs), an automated in-database vector store, scale-out vector processing, and the ability to have contextual conversations in natural language informed by unstructured content. These capabilities enable customers to bring the power of generative AI to their enterprise data—without requiring AI expertise or having to move data to a separate vector database. With this advancement, Oracle will empower customers to do more with the systems they already have in place, especially through the utilization of AI.

Thanks for tuning into The ERP Minute. We are always looking for newsworthy material to share with our listeners, so send us breaking ERP news! Make sure you subscribe to our Apple Podcast, Spotify, and YouTube channels so you never miss an episode. We’ll see you next week.