Gusto has raised $140 million in Series C venture funding. The online payroll application company, which was launched in 2012, said proceeds will be used to invest in new features and additions to its platform.

Joe Kaplan, CEO of Paya (formerly Sage Payments) died while on vacation with his family in Bermuda on Friday, July 27, the company has announced. Kaplan was hired as CEO in October of Paya, which acquired by GTCR as it spun out from Sage.

Unpatched business systems from Oracle and SAP are being targeted by hackers, according to two security firms. In a recently released study, the firms, Digital Shadows and Onapsis, said at least a dozen companies and government agencies have been targeted while thousands of users are subject to exploitation of old security flaws.