News and Analysis (15669)
INVESTOR NAMES PRICE TO OK NETSUITE DEAL
- Friday, 28 October 2016
- News and Analysis
- Written by mark
T. 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.
SAGE GOING FOR REGIONAL SUMMITS
- Friday, 28 October 2016
- News and Analysis
- Written by mark
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.
ACUMATICA INKS TWO MORE OEMS
- Thursday, 27 October 2016
- News and Analysis
- Written by mark
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.
SYSPRO NAMES CANADIAN SALES VP
- Thursday, 27 October 2016
- News and Analysis
- Written by mark
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.
NXTURN'S MCGEE JOINS VESTED GROUP
- Thursday, 27 October 2016
- News and Analysis
- Written by PMG Admin
Dave 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.
INTACCT TARGETS GOING PUBLIC
- Wednesday, 26 October 2016
- News and Analysis
- Written by PMG Admin
Intacct 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.
SALES SVP ARNTZ LEAVES NETSUITE
- Wednesday, 26 October 2016
- News and Analysis
- Written by mark
Mike 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.
INTACCT REWRITING REPORT WRITER
- Wednesday, 26 October 2016
- News and Analysis
- Written by mark
With 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."
SALES VP LEAVES EPICOR
- Tuesday, 25 October 2016
- News and Analysis
- Written by mark
Reports 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.
NETSUITE REPORTS QUIETLY
- Monday, 24 October 2016
- News and Analysis
- Written by mark
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.
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