News and Analysis

News and Analysis (15710)

ZOHO CANCELS CONFERENCE

Zoho has canceled its upcoming Zoholics Austin conference which was to start on April 27 in Austin, Texas. The company cited the impact of the coronavirus given the fact it has “a large global employee presence” to run the show, according to Sandy Lo, head of corporate communications, global media and analyst relations.

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VENA SOLUTIONS NAMES EXECS

Vena Solutions, which makes planning and analysis software, has named a chief marketing officer and chief operating officer. The Toronto, Ont.-based company named Allison Munroe as CMO and Tina Goulbourne as COO.

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MANAGEMENT BUYS SAGE BRAZIL

Local management has acquired Sage’s business in Brazil. The deal, which is for about $1.3 million, is expected to close within the next two months, the company said this week.

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SAGE’S GOODE JOINS REVOLUT

Nick Goode, who leads Sage’s X3 business, is leaving the company to lead the global expansion of Revolut for Business. He was named EVP of Sage X3 in July so that leadership will be changing again  “I love my Revolut account for its ease, functionality and benefits such as great exchange rates,” Goode said in a LinkedIn post.  

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QB DESKTOP REVS RISE

The focus was on Intuit’s pending acquisition of Credit Karma this week. But despite the boom in QuickBooks Online, QuickBooks Desktop revenue continued to rise in the second quarter ended January 31.

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SYSPRO NAMES CANADA GM

Syspro has named Brian Rainboth as general manager for Canada. The hiring comes as the company continues the retooling in the hemisphere that was signaled when it acquires its long-time distributor, Syspro USA, last year.

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INSIGHTSOFTWARE BUYS LONGVIEW

Insightsoftware has acquired Longview this week, continuing on its M&A path. Terms were not disclosed.

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ACCTTWO TOPS INTACCT CHANNEL

AcctTwo has kept its streak alive as the Sage Intacct Partner of the Year. The Houston, Texas-based reseller won the award for 2019, extending the streak to  six consecutive years.

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SAGE NAMES SMB EVP

Sage has named Neal Watkins as EVP and general manager for this small business segment. Based in London, the United Kingdom, he joined the software company in January.

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UNIT4 GROWS SUBS BY 25 PERCENT

Unit4 this week reported $412.8 million in revenue for 2019, an increase of 5 percent from the prior year. It was the first time the company had reported any revenue figures.

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