News and Analysis (15710)
WRITEDOWN ADDS TO ALITHYA LOSS
- Friday, 19 June 2020
- News and Analysis
- Written by BobWScott
An impairment charge of about $20.7 million contributed to a more than three-times increase in loss for Dynamics reseller Alithya for the year ended March 31. Paul Raymond, CEO of the Montreal, Que.-based company said this week the impact of the COVID-19 virus caused executives to look at intangibles and good will, including the reduction in the value of American trade names.
BDO: PANDEMIC BOOSTS NFP TECH SPENDING
- Friday, 19 June 2020
- News and Analysis
- Written by BobWScott
A majority of nonprofit organizations surveyed by BDO USA say the COVID-19 outbreak has spurred plans for technology spending. Sixty-four percent of 200 leaders surveyed in the Nonprofit Standards benchmarking service say they will invest in new products this year.
NETSUITE INTROS COMMUNITY EXCHANGE
- Thursday, 18 June 2020
- News and Analysis
- Written by BobWScott
Oracle NetSuite has introduced a new Community Exchange marketplace this week. Designed to bring together suppliers and customers for items needed in fighting the pandemic, the exchange is in the first stage of operations in the United States.
QAD LINKS INDUSTRIES IN PODCAST
- Thursday, 18 June 2020
- News and Analysis
- Written by BobWScott
QAD has introduced a podcast mini-series that links the automotive and life sciences industries. The recently announced Strange Bedfellows: The Convergence of the Automotive & Life Sciences Industries to Fight COVID-19.
NETSUITE 4Q REVS UP 25 PERCENT
- Wednesday, 17 June 2020
- News and Analysis
- Written by BobWScott
Oracle’s ERP business continued double-digit growth in the fourth quarter ended April 30, despite the COVID-19 virus. The company said during this week’s earnings webcast that NetSuite revenue was up about 25 percent over a year ago while Fusion ERP revenue was up 35 percent over last year’s corresponding period.
BILL.COM PLANS $535M STOCK OFFERING
- Friday, 12 June 2020
- News and Analysis
- Written by BobWScott
Bill.com is planning a $535 million follow-on public offering, which dwarfs the its IPO in December. The payments software company sold 11,297,058 shares at $22 per share (including the underwriter’s overallotment). The latest venture into the equity market, expected to be completed by June 15, is for 7 million shares at $74.53 per share.
FFORCE NAMES SALES EXECS
- Thursday, 11 June 2020
- News and Analysis
- Written by BobWScott
FinancialForce, which has had turnover in its sales leadership in the last few years, has hired two new sales executives. Both most recently worked at Oracle.
ECI BUYS PROSPERTY COMPUTER
- Wednesday, 10 June 2020
- News and Analysis
- Written by BobWScott
ECI Software Solutions, which owns Macola and JobBoss, has agreed to acquire most assets of Prosperity Computer solutions. The deal ends years of litigation between the two companies.
AVALARA WINS PTP ONECLICK SUIT
- Wednesday, 10 June 2020
- News and Analysis
- Written by BobWScott
Avalara has won a suit brought against it in October 2018 by PTP OneClick. The sales and use tax software company said a federal court Washington has granted Avalara’s motion for summary judgment to dismiss remaining claims.
SUITEWORLD OFF UNTIL APRIL
- Monday, 08 June 2020
- News and Analysis
- Written by BobWScott
Oracle NetSuite finally pulled the plug on its postpone SuiteWorld conference for 2020. Postponed from April until August, it is now off the calendar this year.
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