The Edgewater Technology board of directors has unanimously rejected the takeover bid it has received from Ameri Holdings. In a letter to Jeff Eberwein, the activist investor who heads Lone Star Investors, Edgewater's lead independent director Wayne Wilson that "the Proposed Transaction is grossly inadequate and not in the best interests of Edgewater's shareholders." Lone Star joined AmeriHoldings in the takeover bid. AmeriHoldings, headquarter in Princeton, N.J., operates via Ameri100.

Intacct CEO Robert Reid has pushed the possibility of an initial public offering farther into the future than seemed likely a year ago. With capital so readily available from banks, the cost of such lending is less than the cost of raising capital via an IPO, he said. Reid made the comments at this week’s Advantage user and reseller conference. He gave no timeframe but agreed the state of the market makes an offering less necessary.

Intacct has trimmed its reseller and outsourcing channels as it tightens requirements. The cloud accounting software company has dropped to 80 resellers from 95 a year ago. It has also dramatically decreased the number of accounting firms and BPO outsourced accounting services partners being recruited. "If you were of a size that would not be successful we asked you to go partner with somebody or do something else," Taylor Macdonald, Intacct's VP of channels, said in a speech to resellers at the company's Advantage conference this week.

There are reports that Fred Studer, who joined NetSuite as chief marketing officer almost a year ago, is no longer with the company. The same reports also state that two other marketing people are gone. Studer came to NetSuite from Microsoft in December. He joined that company in September 2007 and became general manager of the Dynamics operation in May 2011.