News and Analysis (15701)
BLACKBAUD: SUBS RISE 12 PERCENT
- Friday, 30 October 2015
- News and Analysis
- Written by mark
Blackbaud reported subscription revenue rose 12 percent for the third quarter ended September 30 as the move from license sales continues. Overall, the nonprofit software company reported net income dropped to $7.9 million for the most recently ended quarter, down 31.2 percent from $10.4 million a year earlier. However, for the same periods, non-GAAP earnings were $17.8 million, up 11.5 percent from $15.8 million.
EDGEWATER RECEIVES HOSTILE BID
- Thursday, 29 October 2015
- News and Analysis
- Written by mark
Edgewater Technology, a Dynamics and Oracle partner, has reportedly rejected a bid from Ameri Holdings, which has begun a proxy solicitation of Edgewater's shareholders. Through Princeton, N.J.-based Ameri100, bidders are offering $8.50 share, but say Edgewater has refused to engage in discussions. Edgewater stock has a 52-week trading range of $6.21 to $8.28 per share. Ameri100 then joined with Lone Star Value Management to oust the Edgewater board. During this week's Edgewater earnings conference call, CEO Shirley Singleton said Edgewater has no comment and is reviewing the proposal.
BLACKBAUD OPENS SOFTWARE PLATFORM
- Thursday, 29 October 2015
- News and Analysis
- Written by mark
Blackbaud has declared a sweeping new approach to how its software applications relate to the market and each other. The Charleston, S.C.-based nonprofit software vendor is implementing an open development platform, along with rolling out a consistent user interface across its applications. "Blackbaud solutions were once closed and difficult to integrate with," CEO Mike Gianoni said during this week's first-quarter earnings webcast.
SONATA TO ACQUIRE IBIS
- Thursday, 29 October 2015
- News and Analysis
- Written by mark
Sonata Software, an IT company based in Bangalore, India, will purchase I.B.I.S., which has been a top award winner in the Microsoft Dynamics realm. Perhaps we should also pay attention to the international trend—earlier this year, Denmark-based Columbus purchased Interdyn BMI. The press release announcing the deal highlighted the VAR's Advanced Supply Chain Software, based on Dynamics AX and CRM.
CEO SMITH TO BE INTUIT CHAIRMAN
- Thursday, 29 October 2015
- News and Analysis
- Written by mark
Intuit CEO Brad Smith is scheduled to become chairman of the software company in January. The company this week announced the move after Bill Campbell, chairman of the board of directors since August 1998, said he would retire that month. Campbell also served as president and CEO from April 1994 to July 1998 and as acting CEO from September 1999 through January 2000. I don't know what this means for the running of the company.
ADDON AND GOLDMINE INTEGRATE
- Thursday, 29 October 2015
- News and Analysis
- Written by PMG Admin
Financial software vendor AddonSoftware and CRM supplier GoldMine have created an integration between their applications. The link enables GoldMine's GM+View to directly access customer account and inventory information in Addon Software. From GoldMine, a customer's account information is accessible, as well as sales quotes, orders, account balances and inventory availability, across all warehouses.
ALLIANCE, RKL TOP SAGE CHANNEL
- Tuesday, 27 October 2015
- News and Analysis
- Written by mark
The Alliance Solutions Group was the top reseller for Sage North America for the Year ended September 30. The Bradenton, Fla.-based organization was business partner of the year for top new license revenue for all Sage products and was the winner for top revenue. RKL eSolutions was honored for top new license growth while Net@Work was outstanding performer for top revenue. Alliance was the winner in the Construction and Real Estate market with the Accordant Co. as outstanding performer in that segment. For Sage 100/300/500, ADSS Global was partner of the year for both top new license sales and top new customer units with DSD Business Solutions outstanding performer for new customer units
PALSULE OUT AT SAGE; BOKO ALSO
- Friday, 30 October 2015
- News and Analysis
- Written by mark
Himanshu Palsule is leaving Sage North American next month after serving as chief technology officer and head of strategy since July 2012. Meanwhile, Sage confirmed that Gabrielle Boko, EVP of global brand experience is gone as well. Palsule has been with the company since 1997, joining Best Software which was then purchased by Sage in 2000. The departure was announced to the channel this week. In a prepared statement, Palsule said, "After many wonderful years at Sage, it is time for me to say goodbye as I start a new journey."
DYNAMICS REVS UP 3 PERCENT
- Friday, 23 October 2015
- News and Analysis
- Written by mark
Maybe because I gave up on reading Microsoft financial reports some time ago, but my recollection it has been a while since the company gave any indication about Dynamics sales. There were no figures in the 10-K for fiscal 2015 or the third quarter 10-Q. In any event, the company said that for the first quarter ended September 30, Dynamics revenue rose by 3 percent over the first quarter of 2015.
SAP SPENDS MORE, CLOUD BOOMS
- Friday, 23 October 2015
- News and Analysis
- Written by mark
Not mentioned prominently in SAP's ebullient pronouncements about its cloud software was that the company increased spending by 22 percent for the third quarter ended September 30. But for the moment let's concentrate on the fact that after-tax earnings were about $988 for the most recently ended quarter, up 2 percent from a year earlier. Revenue was roughly $5.5 billion, up 17 percent—10 percent in constant currencies.
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