News and Analysis

News and Analysis (15708)

SAGE NORTH AMERICAN BIZ UP 6 PERCENT

Guy Berruyer, SageSage says organic revenue grew by 6 percent for its North American operations for the year ended September 30. That's up considerably from the 2-percent increase reported for fiscal 2012. Don't look for exact numbers for the continent or the United States in the parent company report as those are contained in results for the Americas. For the hemisphere, EBITA was roughly $188.4 million, up 7 percent from the prior year, while Americas revenue was $734.2 million, an 8-percent rise.

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SAGE OPENS ACCOUNTANT BUSINESS CLOUD

SageSage has launched the Accountants Business Cloud in the United Kingdom. And the immediate question is whether this will be coming to a United States near you soon. An inquiry to public relations drew the following basis "they are currently exploring what elements of the Accountants Business Cloud would make sense to leverage for the North American accountant business."

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INTUIT CEO'S PAY FLAT IN 2013

Brad Smith, IntuitCompensation for Intuit CEO Brad Smith was essentially unchanged for the year ended July 31. Unchanged, however, is a matter of perspective. He received $12,463,669 for fiscal 2013, down from $12,564,585 in 2012, which for the rest of us is $100,000 a year, but which translates into an eight-tenths-of-one-percent decrease. Generally, an increase of stock awards made up for a more severe drop in non-equity incentive compensation. In that latter category, Smith got $1.12 million for the most recently ended year, down 32 percent from $1.65 million the prior year.

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SWK SNAGS $1.1M X3 DEAL

Mark Meller, SilverSun TechnologiesSWK Technologies has closed on an X3 sale worth more than $1.1 million. The deal was announced by SWK's parent, SilverSun Technologies, and shows the potential for SWK to end 2013 with a real boom in revenue. The amount covers software and consulting services with the customer described as an international footwear manufacturer. SilverSun CEO Mark Meller  said in a prepared statement that the previous record for deal was $700,000 for the company's first X3 transaction in 2012.

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XERO REVAMPS PRICING

xeroOnline vendor Xero is redoing its pricing. The company is increasing the number of accounting editions available to business users and changing the subscriptions amounts. According to an investor presentation given recently, Xero has gone away from its small, medium and large versions which were priced at $19, $29 and $39 per month respectively. The new lineup begins with the Starter edition at $9 per month, then scales up to the Standard version for $40 per month. 

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ADVENT TO BUY UNIT4

Chris Ouwinga, Unit4Advent International, a Boston, Mass.-based private equity investor, has reached an agreement to buy Unit4, which makes the Coda and Agresso software lines. A major thrust of the agreement is the expansion of Unit4 and its product lines. The investment will accelerate Unit4's SaaS efforts, including its majority ownership in FinancialForce.com.

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RANDOM THOUGHTS: DINA LOHAN

Dina LohanA judge has ordered celebrity mom, Dina Lohan, to undergo psychiatric evaluation. The family qualifies for a group rate under its medical plan. Actually, daughter Lindsay is financing a new movie with points earned from her Frequent Treatment plan. ... A news item this week says that an examination of DNA has led scientists to conclude humans interbred with a mystery species, one other than the Neanderthals and the Denisovans. I think that explains some of my cousins. There was another story that a two-headed stingray had been found. I think they are from the same part of my family.

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FINLEY & COOK GETS SERENIC AWARD

Linda O’Neal. Finley & Cook Finley & Cook has been named Serenic's Partner of Excellence for the third time in four years. Serenic says the award is based on revenue attainment, customer retention, marketing efforts and commitment to Serenic. The Shawnee, Okla.-based accounting firm's business includes a specialty in tribal accounting. The Serenic practice is headed by Linda O'Neal. The firm also handles Dynamics CRM, and Serenic Navigator works with Dynamics Nav. Finley & Cook has handled the Serenic line since 1999.
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EXACT ONLINE PRICED

Exact logoExact Online may have been discussed in the same breath as the proliferating crowd of low-end accounting software packages. In terms of price, it's not in the same league, but after all, it is designed for manufacturers and wholesale distributors. As the cloud application was rolled out this week in the United States, Exact detailed a price that's far above Xero, Kashoo or the Kashoo-based Paychex Online Accounting.

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QUICKBOOKS ONLINE BOOMS

Brad Smith, IntuitQuickBooks Online subscriptions were up 29 percent over a year ago with only a little help from the new version introduced in October. And that contributed to what Intuit CEO Brad Smith said, during the company’s earnings call for the first quarter ended October 31, was a strong start to fiscal 2014. And the number of active users of QuickBooks Enterprise Solutions rose 19.7 percent over last year’s corresponding period.

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