News and Analysis

News and Analysis (15706)

XERO REV GROWTH OUTPACES LOSS

XeroStill small Xero remained on a fast growth path for the year ended March 31. The company’s loss is expected to grow by 89 percent for fiscal 2013, but its revenue doubled over the results for 2012. The New Zealand company issued a preliminary report this week in which it said that the loss for the full year would be similar to that in the first half, which meant the red ink would come in around $12.6 million for the most recently ended fiscal year.

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EPICOR UPGRADES LUMBERTRACK

EpicorEpicor has issued what it calls a major upgrade to LumberTrack, formerly from Progressive Solutions. The application is designed for lumber and wood products manufacturers and wholesale distributors. New features include user-defined fields. The company said the software's data management features also more readily allow data to flow into other applications, such as the Epicor Dispatch and Delivery Management System.

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APTEAN NAMES NEW CEO

Paul Ilse, ApteanAptean, formed by last year’s merger of Consona and CDC Software, has named Paul Ilse as CEO. Ilse takes over from Monte Ford, who has become Executive Chairman. Ilse was most recently CFO of Atlanta-based Red Prairie Holding, a job he took in January 2007. He joined Red Prairie in 2006 as EVP of mergers and acquisitions.

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MERIT STARTS AX GROUP

Bill Burke, Merit SolutionsMerit Solutions, a Dynamics reseller, has launched the AXUG Life Sciences Special Interest Group. Seven Dynamics AX users participated in the inaugural meeting at the Microsoft Convergence conference last month in New Orleans. “Quite a few more have expressed interest in participating going forward,” says Merit CEO Bill Burke.

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SERENIC CHAIR NEARLY DOUBLES HOLDINGS

SerenicDwayne Kushniruk, chairman of the Serenic Corp., has nearly doubled his stake in the company after buying stock from another major shareholder. Kushniruk has acquired control of 2,590,833 common shares that had been held by Gordon Buchanan or companies owned by him. Before the transaction, Kushniruk held about 16.9 percent of the outstanding shares.

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NETSUITE TO HIRE 1,000 IN 2013

Zach Nelson, NetSuiteNetSuite plans to hire another 1,000 employees this year. And the number released this week by CEO Zach Nelson shows plans for extremely rapid growth to continue. NetSuite had 1,778 employees when it ended 2012 so the hiring would represent a 44-percent increase in the work force if carried out before 2014.

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SEC OKAYS SOCIAL MEDIA REPORTING IF ...

Street performers: Like them on Facebook

It was a real signal about the spread of social media that during the Microsoft Convergence conference in New Orleans last month, the street acrobatic group, Dragon Master Showcase, had a sign "Like us on Facebook." That might even be more of a signal about the spread of social media than this week's announcement by the Securities and Exchange Commission.

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VAR BUSINESS PICKS UP

Robert Janeczko, Paradigm Technology SolutionsThere is a general feeling that the midmarket reselling business is doing a lot better. "People are buying again," was the comment that came from one reseller. And as responses came back with the Top 100 VAR firms I asked many if they agree. Generally, things have turned up based on the input from several strong players.

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EXPENSES BITE INTO SILVERSUN NET

Jeff Roth, SWK TechnologiesA sharp increase in operating expenses pushed SilverSun Technologies, parent of reseller SWK Technologies, to a $1.2 million loss for the year ended December 31. That compared to net income of $2.6 million a year earlier. But the revenue side, aided by the purchase of assets of the former Hightower, was bright, rising to $13.2 million, a 25.3-percent increase from $10.5 million for 2011.

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SERENIC PICKS UP TWO NAV VARS

SerenicNonprofit software Serenic has added two American resellers to its channel program. The company has signed Integrated Computer Systems and Shepard & Associates. Headquartered in Redmond, Wash., ICS has experience with nonprofits and governmental entities and has been a Dynamics VAR since 1997. Based in Overland Park, Kan., Shepard is said to have 350 customers in the Midwest and has also been a Dynamics reseller since 1997.

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