News and Analysis

News and Analysis (15701)

SAGE TO ADD 100 VARS

Scott Ehmen, SageSage will probably add 100 resellers to its channel over the next year. The company is targeting those carrying competing products and is also cultivating Salesforce.com partners, according to Scott Ehmen, VP of North American partners and sales.

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ZOHO OPENS EUROPEAN OFFICE

Sridhar Vembu ZohoZoho has established its first European office in Utrecht, Netherlands. The software company says the move signals the launch of a European business development initiatve, which includes growing a partner channel on the continent.

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NETSUITE RSM’S “GO-TO” PRODUCT

Steve EMS, RSM USRSM is carrying three lines of cloud financial software. However, worldwide Oracle NetSuite is the product of choice.  “We have established NetSuite as our go-to global platform,” Steve Ems, principal and national business applications leader for RSM US, said recently.

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AVALARA FILES FOR IPO

Scott McFarlane, AvalaraAvalara has filed for its long-awaited public offering. The Seattle, Wash.-based company will seek a maximum in proceeds from the offering. The company’s S-1 says Avalara lost $64.1 million for the year ended December 31, compared to a loss of $57.9 million for 2016.

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XERO REPORTS FIRST EBITDA

Steve Vamos, XeroXero recorded its first positive EBITDA ever for the year ended March 31, about $18 million. The New Zealand-based cloud software company also slashed its net loss to roughly $19.3 million for fiscal 2018, 60-percent lower than the red ink in 2017.

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SAP MAKES ANOTHER BYD RUN

Ronald Rand, the Rand GroupLast year, a sign at SAP’s Sapphire conference declared the often-ridiculed Business ByDesign alive and kicking. Despite a shortage of publicly released info, ByD does seem to have experienced a sudden attack of health.

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INFOR CO-PRESIDENT ANGOVE EXITS

Duncan Algove, InforDuncan Angove, who has served as president of Infor, has left the software company. Infor said in a filing this week with the SEC the executive left on May 4. The reason given was the classic pursuing other opportunities.

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COMPUTERWORKS WINS ACCUFUND AWARD

ComputerworksComputerWorks NFP has been recognized as volume sales leader overall and volume leader in nonprofit sales, total unit sales and add-on sales by Needham, Mass.-based AccuFund. The firm was one of eight resellers receiving AccuFund Partner Leadership awards at the nonprofit software company’s annual reseller meeting recently.

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SAGE DEBUTS FAST START

Pascal Gaude, SageSage has introduced Fast Start, a methodology for quicker and less expensive implementations of Sage Enterprise Management (X-3). It’s an approach that has already seen a great deal of success with NetSuite’s SuiteSuccess.

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SOVOS BUYS TRUSTWEAVER

Andy Hovancik, Sovos Sovos has acquired TrustWeaver, a Stockholm, Sweden-based company, which provides global e-invoicing. Terms were not disclosed. In a web post, CEO Andy Hovancik says the acquired software handles both post-audit and clearance models in 60 countries.

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