News and Analysis

News and Analysis (15669)

INVESTOR NAMES PRICE TO OK NETSUITE DEAL

netsuiteT. Rowe Price Associates has named its price to accept Oracle's bid for NetSuite. The investment firm, which has Oracle and NetSuite over a barrel, said it in a letter dated October 27 it would tender its holdings for $133 per share. However, in a document filed this week with the SEC, Oracle stood by its price of $109 per share. That's a 22-percent difference and we've got until midnight Friday, November 4 before Oracle withdraws its offer.

Read more...

SAGE GOING FOR REGIONAL SUMMITS

Sage is planning to hold regional Summit conferences next year. This seems to be a move to replace the large Summit show with smaller regional events. The statement from Sage in England, as we say in the press business, neither confirmed nor denied the report.

Read more...

ACUMATICA INKS TWO MORE OEMS

Acumatica has signed agreements with two more software companies for the use of its cloud platform as the engine for their applications. One company that has licensed the Acumatica Cloud xRP Platform is MedWorks, which offers clinical and ambulatory software services.

Read more...

SYSPRO NAMES CANADIAN SALES VP

James Weir, Syspro Syspro has named James Weir as VP of sales for its Canadian business. This is the second item I've written about a Syspro hire this month. That's about the same number of items written for the three years before October about Syspro personnel changes. Weir takes over on November 1 He joined from Identos where he was VP of sales for the Americas.

Read more...

NXTURN'S MCGEE JOINS VESTED GROUP

Dave McGee, The Vested GroupDave McGee, a founder and partner of NXTurn, has joined The Vested Group. Both organizations are NetSuite resellers. McGee was with NXTurn, which is based in Fort Lauderdale, Fla., from April 2012 through April 2016 and joined the new employer last month. NxTurn is headed by executive director and CTO Tony Hill and executive director and CFO Julie Fitzpatrick. The Vested Group is based in Plano, Texas.

Read more...

INTACCT TARGETS GOING PUBLIC

Robert Reid, IntacctIntacct hopes to make an initial public offering in the next year. The statement was made this week by Robert Reid, CEO of the cloud software company, at its Advantage conference this week. "If we don't go, it won't be because of us," Reid said, explaining market factors and politics could thwart the plan but Intacct will ready to go.

Read more...

SALES SVP ARNTZ LEAVES NETSUITE

Mike Arntz, NetSuiteMike Arntz, SVP of Sales for the Americas, has left cloud software vendor NetSuite to become SVP of worldwide field operations at Smartsheet. Arntz's departure was followed quickly by an announcement that Sam Levy had moved from the job of VP of sales to VP of sales for the Americas for NetSuite.

Read more...

INTACCT REWRITING REPORT WRITER

Aaron Harris, IntacctWith frequent apologies for the quality of Intacct's reporting system, chief technology officer Aaron Harris said a new report writer will be available early next year in limited release. Harris said at this week's Intacct Advantage conference that a good reporting system is fast and powerful and that "the custom report writer we are giving to you today is none of the above."

Read more...

SALES VP LEAVES EPICOR

Bob Aronson, Epicor SoftwareReports in the channel say that Bob Aronson, Epicor Software's VP of sales has left the company. An inquiry has been sent to Epicor about these reports.  An industry veteran, Aronson was with Tribridge from January 2005 through April 2008. He joined Microsoft in 2008 and was director of industry sales there until August 2013 when he then joined Epicor.

Read more...

NETSUITE REPORTS QUIETLY

Zach Nelson, NetSuite NetSuite sort of snuck its financial report for the September quarter into the world. Given its pending acquisition by Oracle there was no conference call and I didn't get any emails. Well, the trends continued with revenue for the third quarter ended September 30 up 26 percent rising to $243.9 million from $192.8 million in last year's corresponding period.

Read more...

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.