News and Analysis (15669)
SALESFORCE SETS $1B DEBT OFFERING
- Wednesday, 13 March 2013
- News and Analysis
- Written by mark
Salesforce.com has priced a $1 billion convertible note offering. And usually, I would not bother with this kind of deal, but it's not being done to refinance debt and since Salesforce is doing rather well, you have to start thinking acquisition. The press releases from the CRM vendor about the notes rattle off the usual kinds of use of the proceeds - general corporate purposes, possible acquisitions or investments and working capital and capital expenditures.
VALUE UNIT VP HUNTER EXITS SAGE
- Wednesday, 13 March 2013
- News and Analysis
- Written by mark
The latest Sage North America manager heading for the door was Sam Hunter, not be surprising given his title. Hunter is SVP and general manager of the Value Business Unit and Sage Fixed Assets and with Sage sunsetting value products such as Sage Pro and PFW that is not going to leave a large portfolio. Hunter left on March 1, although his picture is still on the Sage website of senior executives and managers, but so is that of former CFO Marc Loupe. Read more...
A CROWD ON ACCOUNTNG'S LOW-END
- Thursday, 07 March 2013
- News and Analysis
- Written by mark
If you have been following the market, you've noticed that there are a lot of companies that want to sell low-cost accounting software in the United States. Of course, there is Intuit with TurboTax Online. Then there is that crowd that has come over from another country or is planning the trip. Wave Accounting is from Canada. Sage brought its Sage One over from Europe last year and Exact has plans to do the same with its Exact Online before 2014.
NETSUITE PAID $5M FOR RETAIL ANYWHERE
- Thursday, 07 March 2013
- News and Analysis
- Written by mark
NetSuite paid $5 million in November when it purchased assets from Retail Anywhere, which makes online POS systems. This was not previously reported but appeared in the company’s form 10-K for the year 2012. There is another $1.3 conditional cash payment being withheld for up to 15 months. NetSuite said it also acquired two small South American companies to help develop its ecommerce vertical and it purchased assets related to those two for $4 million in cash.
SAGE JUNKS CO-OP FOR FUNDS PROGRAM
- Thursday, 07 March 2013
- News and Analysis
- Written by mark
Sage is retiring the traditional co-op program in favor of a channel development funds initiative. It was a typical co-op program. "You would accrue a fund based on new license sales,” said Tom Miller, VP of channel management. There were many different ways to use the funds with a percentage being reimbursed by Sage. However, Sage has decided the new offering would enable it to make a more targeted use of its money.
NETSUITE EXTENDS ORACLE USE
- Wednesday, 06 March 2013
- News and Analysis
- Written by mark
NetSuite has agreed to a 48-month extension to its license to use Oracle database and application server software. San Mateo, Calif.-based NetSuite will pay $13.1 million to extend the current license from May 31, 2014 through May 31, 2018. Under its terms, NetSuite can download what are described as "an unlimited number of certain perpetual licenses and a specified number of other perpetual licenses" for the Oracle products.
DYNAMICS KENNEDY JOB CHANGE? YES
- Tuesday, 05 March 2013
- News and Analysis
- Written by mark
When first approached about a possible change for Doug Kennedy, Microsoft's official response last week was that it was just a title change and occurred months ago. But with a brief job description ensuing from the software company, there is no doubt that what he is doing now is radically different from his previous role as VP of Dynamics Partners and Support Services.
SAP PUTS BIZ ONE ON HANA
- Tuesday, 05 March 2013
- News and Analysis
- Written by mark
SAP has introduced a version of Business One of Hana, its in-memory database platform. The product is in what the company called restricted shipment, which for the moment means it is not available in the United States; that will come later in the year. But it marks the continuing spread of SAP’s hottest technology through all parts of its financial software product line.
Read more...
ACUMATICA LOOKING TO ISVS IN 4.0
- Tuesday, 05 March 2013
- News and Analysis
- Written by mark
Cloud vendor Acumatica is seeking to develop relationships with software developers to expand the reach of version 4.0 of product. "We are still a young product. We still need deep industry and vertical capabilities," says Christian Lindberg, a Microsoft veteran who jumped to Acumatica last month as VP of Partner Solutions. It is Lindberg's job to set up the channel that can recruit and feed the ISV community. The company is supporting integration via the enhanced Acumatica Studio which enables the publishers to work inside Acumatica itself.
Read more...
INFOR TO BUY CERTPOINT
- Monday, 04 March 2013
- News and Analysis
- Written by mark
Infor is acquiring Certpoint Systems, which makes SaaS-based learning management and learning content software. But can it buy happiness? The official announcement might be of less interest to the midmarket except for the title of Certpoint’s top executive and of the fact that Infor just keeps on buying other companies. Certpoint CEO Ara Ohanian is also chief happiness officer of the Roslyn, N.Y.-based company. Okay.
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