News and Analysis

News and Analysis (15671)

QUISITIVE ON ACQUISITION TRAIL 

Quisitive hopes to make another channel acquisition in the second half of this year or first half of 2021. The company, which purchased Corporate Resource Group in June and Menlo Technologies in January, discussed those plans in this week’s earnings call for results for the year ended December 31.

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CONFERENCES FOR 2020?

Some conferences that were scheduled for earlier this year have been postponed.  But does anyone think conferences set for the second half of 2020 are likely to be held in person? Or if they are, will attendance be anything but down considerable.

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AVIDXCHANGE RAISED $128 MILLION 

AvidXchange has raised $128 million in additional equity financing. The round shows the continued interest in online payments, which included the December initial public offering of Bill.com shooting past initial pricing estimates.

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STOCK, OPTION AWARDS BOOST AVALARA COMP

Some healthy stock and option awards sharply boosted the compensation of named executives at Avalara in 2019. The proxy filed this week with the SEC showed that compensation for CEO Scott McFarlane by nearly four times the amount for 2018.

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GIANONI PAY ROSE DOUBLE DIGITS

Blackbaud CEO Mike Gianoni received $11.1 million in compensation for 2019, an increase of $9.3 million from the prior year. The pay amount was disclosed as part of Blackbaud’s proxy statement recently filed with the SEC.

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SAGE OPENED UP TRAINING

Sage has made training for its partners free during the coronavirus crisis. “We launched it to our partners two weeks ago,” Nancy Teixeira, Sage’s VP of North American strategy and sales, said this week.

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WIPFLI BUYS TIDESTONE

Dynamics reseller Tidestone Solutions, whose markets include craft brewing, has been acquired by accounting firm, Wipfli. Terms were not disclosed.

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ACCUFUND SIGNS NEW RESELLER

Nonprofit software vendor AccuFund has signed Rochester, N.Y.-based EFPR Solutions to resell the online version of the AccuFund Accounting Suite. EFPR is an affiliate of regional CPA firm, EFPR Group.

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SAP DOWN TO ONE CEO

The tenure of the new Co-CEOs at SAP ended abruptly this week. The German software company said co-CEO Jennifer Morgan has left the company effective April 20.

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VISMA RIDES M&A, CLOUD

Acquisition-hungry Visma this week reported 21.9 percent revenue growth for 2019 with cloud revenue and new cmpanies adding to its operations. The Norway-based company has already bought six companies in Scandinavia and the Netherlands this year after picking up 20 in 2019.  

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