News and Analysis

News and Analysis (15669)

XERO CASH POSITIVE IN 2ND HALF

Rod Drury, XeroCloud software company Xero substantially cut its loss for the year ended March 31. The New Zealand-based organization passed 1 million subscribers during fiscal 2017 and also said this week operating cash flow turned positive for the first time during the second half.

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SAGE TO PARTNER ON PAYMENTS

Paul Bridgewater, Sagev PaymentsSage is preparing to sell its North American payments business, which generates $150 million in annual revenue. With payments being one of the three pillars of Sage's business, there will be something to fill the gap, Stephen Kelly, CEO of the Sage Group, said during an interview during this week's Summit conference in Atlanta.

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NET@WORK BUYS HRMS PRACTICE

Mark Dresser, Net@WorkNet@Work has acquired the Sage HRMS (Abra) practice of Farmington, Conn.-based Cost Management Services. New York, N.Y.-based Net@Work said it will continue to work with CMS, adding the latter's I-Recruit application to the VAR's Employer Solutions portfolio.

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NET@WORK HIRES ALLIANCE DIRECTOR

Igal Rabinovich, Net@Work Net@Work has named Igal Rabinovich to the newly created position of director of partner success. In that job, Rabinovich, who is rejoining firm he left in 2012, will lead the New York, N.Y.-based reseller's Partner Alliance Program.

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NETSUITE SIGNS RAND GROUP

Ron Rand, The Rand GroupThe Rand Group has become an Oracle NetSuite reseller. Based in Houston, Texas, Rand is a long-time Dynamics reseller and is the biggest reseller to have been announced this year as joining the program. In its submission for Bob Scott's Top 100 VARs for 2017, the company reported $18.07 million in revenue and 94 employees.

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RANDOM THOUGHTS: IVANKA

Ivanka TrumpThe eyes of Texas are upon me and I don't like it one bit. Was in Austin last week for the Avalara conference and it was hot and humid. That's just what I think of when I think of Texas—lots of hot air.

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HR LEADS NETSUITE INTRODUCTIONS

Jim McGeever, Oracle NetSuiteNetSuite unleashed a series of important product and program introductions at its recent SuiteWorld conference. SuitePeople, an HR product, led the way as an addition to the product line. The cloud software company described it as a single suite to manage core HR processes.

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KEYEDIN ALLIES WITH ANVIZENT

KeyendInKeyedIn Solutions has reached with agreement via which Anvizent Analytics will provide dashboards and Business Performance Management within KeyedIn Manufacturing. The included analytics will support operations such as manufacturing, procurement, shipping, inventory and customer service.

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CLOUD RESISTANCE HOLDS DOWN EDGEWATER

Jeffrey Rutherford, Edgewater TechnologyEdgewater Technology this week reported a $2.7 million loss for first quarter ended March 31, 3.5 times the loss of $763,000 a year earlier. Revenue dropped to $29.1 million, down 8.7 percent from $31.9 million in last year's corresponding period.

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PARADIGM TECHNOLOGY ACQUIRED

Bridgette A. Hobart Janeczko, Paradigm Technology Consulting Paradigm Technology Consulting of Allentown, Pa., has been acquired by ISS Solutions, a subsidiary of Geisinger. PTC will be run as an independent business under its president Bridgette A. Hobart Janeczko, who has become a member of the ISS executive team. 

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