News and Analysis (15708)
XERO REVS RISE FASTER THAN LOSS
- Thursday, 23 May 2013
- News and Analysis
- Written by mark
Results at cloud vendor Xero continued to show sharp changes for the young company. The loss for the New Zealand-based company grew by about 82.3 percent, but revenue slightly more than doubled. The loss for the year ended March 31 was about $13.9 million while revenue reached $37.6 million. The news in the United States was good for Xero although it does not separate out totals for this country.
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QBES KICKS TICKING - USERS UP 28 PERCENT
- Tuesday, 21 May 2013
- News and Analysis
- Written by mark
Intuit's QuickBooks Enterprise Solutions kicks on ticking. I don't think we can use the rhyme - it takes a licking - unless it is to say Intuit is giving someone a licking. When the company's third quarter ended on April 30, there were 85,000 active QBES subscribers, up 28 percent from the 73,000 a year earlier. If this is really coming from the low end of the midmarket, it isn't helping VARs at the bottom of that arena.
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EXACT MACOLA GETS NEW LEADER
- Tuesday, 21 May 2013
- News and Analysis
- Written by mark
Exact, which has made its five North American products independent of the parent, has named Alison Forsythe as managing director of Exact Macola. She took over from Richard Emmons, who was doing the job on an interim basis, and his involvement must go back to last year when the Netherlands-based parent disposed of its American management. Exact CEO Erik van der Meijden said in a prepared statement that “We believe Alison is the perfect candidate to lead our Exact Macola organization toward sustained growth."
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PATEL OUT IN MAJOR INTUIT REORG
- Tuesday, 21 May 2013
- News and Analysis
- Written by mark
A major Intuit reorganization is leaving two high-level VPs without jobs. EVP Kiran Patel, who led the small business group, and SVP Alex Lintner, headed of its global business division, are leaving after Intuit's year ends July 31. But Patel, one of five named executives for SEC reporting, is the biggest change. His 2012 compensation $4,791,271 was only $47,000 higher than in 2011 and down from slightly more than $7 million in 2010.
MCACONNECT TAKES DYNAMICS AWARD
- Monday, 20 May 2013
- News and Analysis
- Written by mark
McaConnect, a reseller based in Denver, Colo., has won the Dynamics Industry Award. The award winners and finalists were announced as part of the run up to the Worldwide Partner Conference to be held July 7 through July 11 in Houston. A specialist in Dynamics AX, mcaConnect was No. 30 on the recently published Bob Scott's Top 100 VARs with $30 million in revenue. It is owned by Claude Watson. PowerObjects of Minneapolis, Minn., got the Dynamics CRM award and London-based eBecs took home the top spot for ERP.
NETSUITE LISTS NEW VARS, TOP PARTNER
- Thursday, 16 May 2013
- News and Analysis
- Written by mark
NetSuite has announced a number of new members of its reseller ranks. The word "new" is somewhat fuzzy as at least one of the companies was already on record. But here goes with the freshest names on the company list: Altico Advisors, Baass Business Solutions, Eide Bailly, Envisage Business Solutions, MorganFranklin Consulting and Project Partners.
SAN JOSE SIDEWALK WAR IN THE CLOUDS
- Wednesday, 15 May 2013
- News and Analysis
- Written by mark
Go outside the San Jose Convention Center and the hotels connected to it and those attending the NetSuite SuiteWorld conference immediately got pitches. On the conference's second night, there were Acumatica personnel stage along the route with signs showing the way to that vendor's reception in another hotel. Placed near them were representatives reportedly not employees, of hometown cloud vendor, Intacct, handing out maps to the city.
Read more...SWK PARENT REFILLS CASH ACCOUNT
- Wednesday, 15 May 2013
- News and Analysis
- Written by mark
SilverSun Technologies, the parent of Sage reseller SWK Technologies, had a miserable balance sheet when it ended fiscal 2012 on December 31. It had a bit more than $4,000 in cash with accounts receivable rising. With the end of the first quarter on March 31, the asset side looks far better. Cash stood at $261,000 and receivables of $1.2 million were down 21 percent from three months earlier.
SAGE STARTS HYBRID CLOUD WITH 300
- Tuesday, 14 May 2013
- News and Analysis
- Written by mark
Sage is rolling out its hybrid cloud products this year with Sage 200 being tested in the United Kingdom. The plan is to follow with Sage 100 in France with Sage 300 (Accpac) moving into the hybrid cloud in the United States by the end of the year. That rough schedule was outlined by the company's chief executive Guy Berruyer during the company's recent earnings webcast.
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NETSUITE ROLLS OUT MFG, BASHES SAP
- Tuesday, 14 May 2013
- News and Analysis
- Written by mark
In a keynote laden with competition bashing, NetSuite CEO Zach Nelson said NetSuite was introducing its manufacturing application. Officially, the new cloud system, already available, provides "manufacturers robust capabilities to more efficiently manufacture, forecast, price, track and schedule products, with a focus on design and a single platform for both B2B and B2C distribution."
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