News and Analysis (15671)
INTUIT 2019 COMP REFLECTS FIRST-TIMERS
- Thursday, 05 December 2019
- News and Analysis
- Written by BobWScott
Intuit’s compensation report for named executives for the year ended July 31 reflected the fact one only of six has been in their current position for a full fiscal year. Three, including CEO Sasan Goodarzi, assumed their current positions on January 1, while two moved into new jobs in August 2018.
QAD TO EXPAND CHANNEL SALES
- Wednesday, 04 December 2019
- News and Analysis
- Written by BobWScott
QAD plans to expand the sale of its software through a partner channel. CEO Anton Chilton said during the recent webcast for earnings for the company’s third quarter ended October 31.
SAGE ACQUIRES CAKEHR
- Sunday, 01 December 2019
- News and Analysis
- Written by BobWScott
Sage has purchased CakeHR, which is based in the United Kingdom. The company said recently the application is a native cloud application for building out the Sage Business Cloud.
QBO REVENUE UP 41 PERCENT
- Friday, 22 November 2019
- News and Analysis
- Written by BobWScott
Intuit said revenue for QuickBooks Online rose by 41 percent for the first quarter ended October 30. QBO had $306 million in revenue for the most recently ended period, compared to $217 million a year earlier.
HARE: SERVICES ARE FOR VARS
- Friday, 22 November 2019
- News and Analysis
- Written by BobWScott
Sage is not pursuing professional services business. In a change of direction, CEO Steve Hare this week said Sage will let VARs handle services as much as possible.
ADVANCED FOCUS: EXISTING QBO CUSTOMERS
- Thursday, 21 November 2019
- News and Analysis
- Written by BobWScott
Intuit is focusing its new QuickBooks Advanced on existing customers, CEO Sasan Goodarzi said this week. That puts the sort-of-midmarket product in a light that suggests the company does not have designs on low-end of the mid-market—yet.
ARMANINO ACQUIRES RESOURCE GROUP
- Wednesday, 20 November 2019
- News and Analysis
- Written by BobWScott
Armanino has acquired the Resource Group, a Seattle, Wash.-based Value-Added Reseller in a deal to be completed on December 1. The staff of the Resource Group, which carries Dynamics GP and Sage Intacct, will joined the Seattle office of San Ramon, Calif.-based Armanino.
SAGE INTACCT REVS UP 28 PERCENT
- Wednesday, 20 November 2019
- News and Analysis
- Written by BobWScott
Sage Intacct revenue led growth for the Sage Group for the year ended September 30. The cloud-based operation had approximately $154 million in revenue in the United States for the most recently ended year, an increase of 28 percent over fiscal 2018.
SAGE PAY DEAL STRUCK
- Wednesday, 20 November 2019
- News and Analysis
- Written by BobWScott
Sage has agreed to sell Sage Pay to Elevon, a payments subsidiary of U.S. Bancorp for around $300 million in cash. The agreement will take Sage out of the payments business.
BILL.COM MAKING IPO
- Tuesday, 19 November 2019
- News and Analysis
- Written by BobWScott
Payments software company Bill.com is ready to go public. The company this week filed a form S-1 for an initial public offering with the number of shares to be offered yet to be determined.
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