News and Analysis

News and Analysis (15701)

SERENIC FOUNDERS BUY NFP LINE

Jay Malik, Tangicloud TechnologiesTangicloud Technologies, owned by Serenic Software co-founders Jay and Liesa Malik, has acquired the OneNFP business unit from OneSoft Solutions. OneSoft, based in Edmonton, Alberta, said it would concentrate on its OneBridge subsidiary, launched in July. The companies said the sale price could not be accurately stated because of conditions about the performance of Tangicloud and currency issues but could range up to $500,000.

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SAGE CONSTRUCTION HITS CLOUD

SageThe cloud-based Sage Construction Project Center and Sage Bid Management have been launched. The company says unlike its products with the designation "c" after the numbers, these are true cloud applications. A cloud-based hub, the Construction Project Center enables members of project teams to collaborate and share information. The software has automated document distribution and tracking along with audit trails.

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MYOB STRONG IN FIRST PUBLIC YEAR

Tim Reed, MYOBAustralia-based software vendor MYOB returned to public financial reporting in first half of June 2015 and finished the year with strength. Net profit after tax for the year ended December 31 was roughly $62.2 million, an increase of 22 percent over the prior year while EBITDA pulled in at approximately $110.7 million, a 19-percent rise. Revenue was about $237 million for fiscal 2015, an increase of 10 percent over 2014. MYOB, owned by Bain Capital, had been a privately held company for several years.

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DYNAMICS GP, NAV EXAMS OPEN

Joe Carroll,  Association of Dynamics Professionals The Association of Dynamics Professionals has opened exams for those wishing to achieve certification in Dynamics GP and NAV. Exams were held in New York, N.Y.; Minneapolis, Minn.; Houston, Texas, and Phoenix, Ariz. "Beginning this month, any member of the Dynamics professional community can also earn Dynamics NAV and GP certification," notes Joe Carroll, the association's executive director. The association is also offering international testing starting with the Netherlands on March 29 and Midlands, England on April 5.

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BLACKBAUD REVS OFF OFFSHORE

Blackbaud's revenue from international operations sank by 10.8 percent for the year ended December 31. The breakout for numbers of sales outside of the United States came as the company detailed its new reporting segments with the filing of the nonprofit software company's annual report with the SEC this week. The International Business Unit had slightly less than $42 million in revenue for 2105, down from $47.1 million in 2014.

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SAGE'S SCHEIPE LOSES INTERIM TAG

Marc Scheipe, Sage North AmericaMarc Scheipe, who has been serving as interim president of Sage North America, has lost the interim label. The company has appointed him as president and he will continue to sit on the Sage executive committee, reporting to CEO Steve Kelly. In making the appointment, the company credited Scheipe with hitting financial targets and completing "the first stages of its transformation."

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INTACCT PROMOTES MACDONALD

Taylor Macdonald, IntacctIntacct has promoted Taylor Macdonald, who heads the cloud software company's channel sales. Macdonald, who joined the San Jose, Calif.-based company in 2010 as VP of channel sales, was made SVP this month. In both positions, Macdonald has been responsible for Intacct's go-to-market channel strategy, channel sales, partner recruitment, channel programs and channel development. Macdonald was a top channel executive at Sage, where he worked February 1998 through October 2007. He was then VP of worldwide channel sales and alliances at Deltek for 13 months and VP of channel sales for Promethean in 2008 and 2009.

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SAGE OPENS ISV MARKETPLACE

SageSage has opened a marketplace that it calls a global distribution platform for ISVs. The online Sage Marketplace is designed for ISVs to sell add-on products that integrate with Sage's applications—Sage One, Live, Impact and X3. I keep coming back to the gap between X3 and the others and trying to figure out how it makes sense. 

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RECKON EYES GLOBAL GROWTH

reckonReckon, which markets online accounting applications, is targeting international growth in three product line segments. The Australian company, which sells the Reckon One accounting package, is expanding in English-speaking companies with its accounting, practice management and document management products. The software publisher described those goals in its investor presentation that accompanied its release of financial results.

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FOURTH QUARTER SPURS PRODWARE

ProdwareThe Prodware Group reported a 12.1 percent-increase in revenue for the fourth quarter ended December 31 pushed it to a 4-percent increase for 2015. Revenue for the France-based group hit about $201.7 million for the recently ended year, up 6.7 percent on a like-for-like basis. About 48 percent of revenue for 2015 came from French-speaking areas that include North Africa with sales in that area increasing by 14 percent.

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