News and Analysis (15709)
FISHBOWL PREPAYS $1 MILLION LOAN
- Thursday, 29 December 2011
- News and Analysis
- Written by mark
Fishbowl Inventory has made a $1 million early repayment of a loan made this year. The loan by Zions Bank enabled the company to buy the stake of a majority investor so that it could become 100 percent employee-owned in May. Fishbowl said it could have been sold or broken into pieces without the resources provided by the loan. CEO David Williams had pledged everything he owned as collateral for the loan while the company's executive team volunteered contributions and took temporary pay cuts.
INTUIT/INTACCT OFFER RAISES QUESTIONS
- Wednesday, 28 December 2011
- News and Analysis
- Written by mark
A joint mailing by Intacct and Intuit to QuickBooks customer raises a lot of questions. The answers are going to have to come in the form of speculation for the moment as the official Intuit explanation is "it’s just a limited test campaign. Intuit is dedicated to supporting our customers, even those who ultimately outgrow our solutions, and through this test we hope to better understand the needs of these customers."
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EPICOR TRANSFORMING CHANNEL
- Wednesday, 21 December 2011
- News and Analysis
- Written by mark
Epicor’s channel has been largely one of implementers. But the company is trying to turn many of these organizations in to true resellers. “We have been growing our channel we have been outperforming our numbers,” says Patrick Coulbourne, senior director of channels for the Americas. The company has 87 resellers in the United States and 12 in Canada.
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BLACKBAUD TIGHTENS CEO'S CONTRACT
- Wednesday, 21 December 2011
- News and Analysis
- Written by mark
Blackbaud has tightened the terms of its employment for CEO Marc Chardon that includes the elimination of its automatic renewal, generally making them less liberal. After December 31, 2012, it will no longer automatically renew for one-year periods, but must be extended annually by the board of directors.
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INFOR BUYS RSVP APPLICATIONS
- Tuesday, 20 December 2011
- News and Analysis
- Written by mark
Infor has acquired product lines from RSVP Business Systems, a Rochester, N.Y.-based member of the Infor channel. The applications include Quality Control Solution, built using Infor's Mongoose development toolset, which helps manufacturers track, control and manage quality throughout the daily procedures of receiving, manufacturing and shipping products. QCS is architecturally compatible with Infor10 ERP Business (SyteLine) and other Infor applications, which provides integration and accelerated development. Infor intends to develop new QCS products and integrate them with what it said were a number of core Infor platforms. The Infor announcement did not discuss the other acquired applications.Read more...
SBS PICKS HOMEBUILDER ALLY
- Friday, 16 December 2011
- News and Analysis
- Written by mark
The SBS Group, on the heels of being named a Microsoft Master VAR, has completed a deal that will enable it to sell home building software across the country. The reseller has picked Constellation HomeBuilder Systems' products and will represent Constellation’s HomeDev Pro and BuildTopia software packages. Constellation had worked for the last six months with SBS Group-Denver. The SBS Group is based in Woodbridge, N.J., and handles Acumatica, Deltek Vision, Dynamics AX, GP, SL and NAV, MAS 500 and Sage PFW.
CLOUD CONSOLIDATION ONGOING
- Friday, 16 December 2011
- News and Analysis
- Written by mark
HOLIDAY SCHEDULE
- Friday, 16 December 2011
- News and Analysis
- Written by mark
Readers probably don’t want to spend their time reading this newsletter over the holidays any more than I want to write it. And people stop doing things worth writing about anyway about this time. So there will be a final issue for 2011 on December 30. Happy Holidays for the holiday of your choice: Hanukkah, Christmas, Kwanza, Festivus, Saturnalia.
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SAGE GROWS PAYMENTS ISV PROGRAM
- Friday, 16 December 2011
- News and Analysis
- Written by mark
Sage North America is expanding the Sage Development Partner Program for its Sage Payment Solutions division. The program enables ISVs to avoid needing to comply with the Payment Application Data Security Standard on their own as once they integrate their products with the Sage Exchange platform with Sage handling the compliance issues.
Read more...CHAPTER 11 TRUSTEE SOUGHT FOR CDC
- Friday, 16 December 2011
- News and Analysis
- Written by mark
The fact CDC Software reported a wider loss on flat revenue for the third quarter ended September 30 is probably less important than events in bankruptcy court. Earlier this month, a United States trustee and CDC debtholders both moved for the appointment of a Chapter 11 trustee. Meanwhile NASDAQ implemented a move that turned a trading halt for the company’s stock to a suspension that went into effect on December 12. The Class A shares moved to the pink sheets.
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