News and Analysis

News and Analysis (15669)

DEALS HURT EDGEWATER NET

Shirley Singleton, Edgewater TechnologyAcquisitions benefited the top line of Edgewater Technology but helped push the company to a loss for the year ended December 31. The company lost $4.1 million in 2015, compared to net income of $4.1 million in 2014. Meanwhile revenue rose to $116.7 million for the most recently ended year an increase of 3.3 percent from $113 million the prior year.

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EXACT TRIES IN-PRODUCT INFO

ExactExact has begun using in-product messaging to inform the market about product developments for its cloud application, Exact Online. The company says in a blog post that "We thought it would be a good idea to tell you about the latest developments in the interface itself." Messages, the company says, will appear only in the appropriate menus and to relevant users.

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ABILA PICKS PRESIDENT'S CIRCLE

abilaNonprofit software vendor Abila has named five resellers as members of the 2016 Abila President's Circle. These are NonProfit Technologies of North Palm Beach, Fla.; Net@Work of New York City; JMT Consulting of Paterson, N.Y.; NP Solutions of Riverside, Calif., and Wipfli Consulting of Madison, Wis. Resellers are able to market Abila's MIP Fund Accounting, Elevate, Fundraising 50 and Abila Fundraising Online.

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NEW EVENT FOR GP USERS

Janet Lampert,  Dynamic CommunitiesWith Dynamics Convergence replaced by Envision, the Microsoft conference map is continuing its significant change. The latest happening is Amplify, an event Dynamics GP users planned by Dynamics Communities. "Amplify was driven by demand from the Dynamics GP end-user community after the announcement of the transition from Convergence to Envision," Janet Lampert, president and COO of Dynamic Communities, said in a prepared statement.

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TRUECOMMERCE REBRANDS IN EUROPE

David Grosvenor, HighJump SoftwareTrueCommerce has rebranded three European businesses under the TrueCommerce Europe name. The organizations are Wesupply, Atlas Products and HighJump B2Bi. Atlas Products was purchased in August 2014 and Wesupply was acquired in September 2015. TrueCommerce Europe with be led by SVP David Grosvenor, who had served as CEO of Wesupply since December 2010.

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ACUITY TOP DELTEK VISION VAR

Acuity Business Solutions Acuity Business Solutions of York, Pa., has been named as Deltek Vision Partner of the Year. The Reston, Va.-based software company also named Aronson, of Rockville, Md.; as GovCon Partner of the Year. The top picks were publicized along with the names of the company's Premier Partners for both product lines. The Vision Premier Partners for 2016 was the same as for 2015 except that last year, there was one more in the category, AMR Group of Toronto, Ontario, which did not make the cut for 2016.

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NETSUITE BUYS IQITY CLOUD BIZ

Dave Gustovich, IQity SolutionsNetSuite has acquired cloud manufacturing software vendor IQity Solutions' cloud business. Terms of the deal were not disclosed. The purchase brings to NetSuite the IQity Advanced Manufacturing SuiteApp, which is built on NetSuite. Based in Pittsburgh, Pa., IQity, founded in 2007 by president Dave Gustovich, joined the NetSuite SuiteCloud Developer Network in 2012. The companies say they have about 40 joint customers.

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EPICOR WINS ATS SUIT

Vivian Keena, Alternative Technology SolutionsEpicor Software has won a sweeping victory in a suit that alleged copyright and property infringement by Alternative Technology Solutions, a consulting firm based in Altos Viejo, Calif. ATS must turn over to Epicor all business and assets it used in servicing Epicor customers, as well as the Alternative brand name, domain names, website and phone numbers. Ouch! ATS and its principal shareholders also must make what were termed substantial payments to Epicor.

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ENVISION ADDING CONTENT

Errol Schoenfish, Microsoft Maybe Microsoft has seen the handwriting on the registration forms. But from the descriptions of the courses added to the new business conference to be held April 4 through April 6, there's a lot more Dynamics content being added. In particular, the company has added "The future of business solutions for SMBs: What's next for Microsoft Dynamics NAV, Microsoft Dynamics GP, and Microsoft Dynamics SL" led by Errol Schoenfish and Gordon Macdonald, to what had seemed likely to be largely a Dynamics AX fest. In fact, the content and speaker list looks good.

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INTUIT'S QBO, TURBOTAX SURGE

Brad Smith, IntuitThe move to cloud products produced healthy results for Intuit for the second quarter ended January 31. The company this week reported it swung to net income of $24 million for the most recently ended period, compared to a loss of $66 million a year earlier. Revenue of $923 million was 23 percent higher than the $749 million for last year's corresponding period. "We are out of the gate strong in the first half of fiscal 2016," CEO Brad Smith said during this week's earnings webcast.

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