News and Analysis (15708)
XERO PARES LOSS, DOUBLES REVENUE
- Thursday, 01 December 2011
- News and Analysis
- Written by mark
Xero, which makes web-based accounting applications, is ramping up infrastructure to support 1 million end users. That came as Xero reported it had narrowed its loss while more than doubling revenue for the half ended September 30. The company lost about $2.8 million for the six months just ended, 21 percent less than in the prior year. Revenue reached just over $6 million, up 112 percent.
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TRIBRIDGE BUYS EPARTNERS
- Thursday, 01 December 2011
- News and Analysis
- Written by mark
The aggregator is dead. Long live the aggregator? The past and future of reseller consolidation has met with the acquisition of ePartners by Tribridge. Terms were not disclosed. Tampa, Fla.-based Tribridge, one of three Microsoft Master VARs, raised just over $24 million in capital in the last year and it probably used a bunch of that in this deal. Tribridge admitted to $60 million in revenue for its submission to the 2011 VAR Stars.
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NETSUITE CHANNEL 35% OF NEW BIZ
- Wednesday, 30 November 2011
- News and Analysis
- Written by mark
NetSuite's channel will produce about 35 percent of the company's new bookings for 2011. That was the figure given by CEO Ron Gill at this week’s Credit Suisse 2011 Technology Conference, continuing the story of the channel's increasing contribution. Last month, NetSuite CEO Zach Nelson said that channel revenue was up 50 percent over the prior year.
SAGE REVS GROW; TO LAUNCH SAGE ONE IN U.S.
- Wednesday, 30 November 2011
- News and Analysis
- Written by mark
Sage this week said revenue in North America grew by 3 percent for the year ended September 30. Overall revenue for the parent, The Sage Group, was up by 4 percent organically, as the company returned to growth. The North American EBITA margin was 25.5 percent, up 3 points.
TRIBRIDGE OUTLINES MASTER VAR PLANS
- Tuesday, 29 November 2011
- News and Analysis
- Written by mark
Tribridge hopes to sign its first Sales Affiliate by the end of the year under the new Microsoft Master VAR program. The Miami, Fla.-based Dynamics reseller is in talks with other dealers who are seeking to sign with the company, one of three Master VARs chosen by Microsoft. "We have not limited ourselves as to how many we will sign," Steve Terp, the company's chief sales officer, said this week.
SAP AND SILVERLIGHT; BIG DEAL OR NOT?
- Monday, 28 November 2011
- News and Analysis
- Written by mark
SAP's need to rewrite its Business ByDesign user interface because of Microsoft's move away from Silverlight is an issue simmering in the background. But whether it is important or not is disputed by competitors. For rival Intacct, “This is just the latest miss-step in SAP’s journey to the cloud – their poor execution has all been driven by their DNA as direct seller of on-premises software to large enterprises," says Dan Druker, Intacct's VP of marketing
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INTUIT EXEC PAY DROPS
- Friday, 25 November 2011
- News and Analysis
- Written by mark
It was a good year for their company for the period ended July 31, but not good enough as Intuit executives saw their pay drop. Total compensation for CEO Brad Smith was $11.5 million, down 11.7 percent from $13.9 million for fiscal 2010. Smith lost the most ground on option awards, receiving $1.3 million in that category for fiscal 2011, down from $3.1 million.
SHORT TOOK DOWN INTUIT SYSTEMS
- Tuesday, 22 November 2011
- News and Analysis
- Written by mark
An electrical short took down services for Intuit online banking subscribers about two weeks ago. And during the company's recent first-quarter earnings conference call CEO Brad Smith said the electrical problem took out three separate UPS systems and corrupted power, knocking out the failover capability. That lasted several hours. It could just be that since Intuit serves consumers that are vocal, we hear more about outages than we would at another major corporation.
SAGE MOVING PRESIDENT'S CIRCLE EVENT
- Monday, 21 November 2011
- News and Analysis
- Written by mark
Sage North America is moving its President's Circle event to the same site as its Summit conference next year. Instead of being held at the Fontainebleau Hotel in Miami, it is moving to the Gaylord Opryland in Nashville, Tenn., just before Summit, which is scheduled for August 12 through 17. Tom Miller, the company's channel VP said Sage felt the "recognition component" for the President's Circle wasn't as strong as it could be when the event was separate. That's the official story.
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INFOR HQ GOING TO BIG APPLE IN 2012
- Monday, 21 November 2011
- News and Analysis
- Written by mark
Software giant Infor is moving its headquarters to New York City next summer. Infor’s headquarters in Alpharetta, Ga. will operate as its main shared services center, housing functions such as finance, human resources and tax. The new HQ will be located at 641 Avenue of the Americas.
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