News and Analysis (15669)
INFOR'S PHILLIPS PAID $3.2 MILLION IN 2015
- Friday, 07 August 2015
- News and Analysis
- Written by mark
CEO Charles Phillips received $3.2 million for Infor's year ended April 30. The company's SEC filings show that was down sharply from $4.8 million the prior year. In fiscal 2015, he received a discretionary bonus of $2.4 million that was related to operating performance and debt refinancing transactions during the year. His salary dropped to $733,334 for the most recently ended year, down from $800,000 for fiscal 2014. However, it appears salaries were cut for all executives, except for former CFO Nicole Anasenes, who recently departed. I am assuming this reflected a move to base compensation more heavily on performance by the privately held company (However, it reports publicly.)
UECKER-RUST DECISION IN FY 2016
- Friday, 07 August 2015
- News and Analysis
- Written by mark
Sage says there will be no decision on the tenure of Jodi Uecker-Rust, who returned to Sage North America as interim president on June 8. Uecker-Rust served as president of Sage Business Solutions from Feb. 9, 2009 until early October 2010 and left with the arrive of Pascal Houillon as CEO. With the naming of Steve Kelly as CEO in October 2014, she was brought back. The official word is that no decision will be reached until the next fiscal year, which begins on October 1.
SUGAR ENTERS ENTERPRISE DEAL
- Friday, 07 August 2015
- News and Analysis
- Written by mark
SugarCRM has signed an agreement with Infosys under which the two will address the enterprise CRM market. The companies will collaborate on joint opportunities with Sugar selling its software into that space and Infosys providing related services. The software company will invest in adding Sugar to the Infosys Digital Integration Services Center of Excellence, and in developing skills within that center. The companies said they will build out reference architectures and solutions for selected industries, including electronics, financial services and manufacturing.
WIPFLI PIONEERS DYNAMICS U.S. BPO
- Thursday, 06 August 2015
- News and Analysis
- Written by mark
CPA firm Wipfli says it has become the first U.S. channel organization to use Microsoft Dynamics for business process outsourcing in the United States. The Wipfli press release says that the BPO Platform was already offered in Europe. The firm says it has provided outsourced accounting services for decades—presumably via QuickBooks which is shown on its Top 100 VARS submission. The organization says it now will offer these and more services to mid-sized clients via the Dynamics platform.
SIKICH ABSORBS ALTICO ADVISORS
- Thursday, 06 August 2015
- News and Analysis
- Written by mark
Accounting firm Sikich has acquired Altico Advisors, a midmarket reseller based in Marlborough, Mass. With $45 million in revenue, Naperville, Ill.-based Sikich was No. 9 on Bob Scott's Insights Top 100 VARs for 2015. Altico was No. 59 with $7.9 million in revenue. The acquired firm carried Dynamics GP and CRM and NetSuite Sikich carries those and Dynamics AX, NAV and SP. Altico was founded in February 2005 by CEO Michael Kean, who had been a director at the former Tectura.
DOLLAR WHACKS QLIK RESULTS
- Thursday, 06 August 2015
- News and Analysis
- Written by mark
The stronger American dollar took a $19.9-million toll on the revenue of business analytics vendor Qlik Technologies for the second quarter ended June 30. The company lost slightly more than $13 million for the most recently ended period, a rise from a loss of $10.2 million a year earlier. Revenue reached $145.8 million, up 10.8 percent from $131.6 million in last year's corresponding period, an increase of 26 percent in constant currencies. The impact stemmed from the fact that 68 percent of Qlik's revenue is dominated in foreign currency.
XERO COO JENKINS TO LEAVE
- Wednesday, 05 August 2015
- News and Analysis
- Written by mark
Ross Jenkins, COO of Xero, is retiring from the company by the end of the year. He will not be replaced. Jenkins started with the low-cost cloud accounting software company as CFO in 2011. His LinkedIn profile describes that as his "dream job." In late January, Jenkins became COO when the company named Doug Jeffries as CFO. Jeffries, who was based in the San Francisco area, left after eight weeks on the job and Jenkins became interim CFO. He will remain in the transition when Sankar Narayan takes over as CFO.
VARS GIVE SAGE CEO HIGH MARKS
- Monday, 03 August 2015
- News and Analysis
- Written by mark
CEO Steven Kelly impressed resellers at last week's Sage Summit, scoring well for leadership, openness and vision. Whether the market gives him time to execute the plan produced a more divided opinion. But as usual, people with positive things to say were more willing to put their remarks on the record. "The message and communications to the partners is a very positive change from the old management team," says Steve Blythe, owner of Blytheco, a top reseller. Bob Kohlmeyer, director of the DWD Technology Group, had glowing comments. "I walked away from Sage Summit more energized than I have in years. They announced a recommitment to Sage partners and increased reinvestment in core Sage products including Sage 100," Kohlmeyer said. "I think Sage has the ship moving in the right direction." Wendy Gorrie of Baass Business Solutions also complimented Kelly on being available to VARs and praised Rich Spring, EVP and chief revenue officer. "He [Spring] is saying all the right things and showing signs of follow through with action," Gorrie said. Other attendees I contacted made remarks in the same tone.
RANDOM THOUGHTS: CLINTON
- Friday, 31 July 2015
- News and Analysis
- Written by mark
Much of the country has been suffering from a heat wave. How hot was it? It was so hot the Canada geese were considering migrating north. It was so hot I saw a robin chilling his worm in a glass of lemonade It was so hot and sticky the jaws of life had to be used to separate the thighs of N.J. Gov. Chris Christie. ... There's a new Maury Povich show. It follows the usual quest to determine fatherhood of children. But it has been named "From Here to Paternity". ... In another update, a remake of the classic cop show "Dragnet" has Friday and Gannon uncomfortably being fitted for bodycams.
EXPENSES DENT BLACKBAUD NET
- Friday, 31 July 2015
- News and Analysis
- Written by mark
Blackbaud saw net income drop to slightly more than $7 million for the second quarter ended June 30, down 24.1 percent from $9.3 million in last year's corresponding period. The company this week reported revenue of $157.3 million for the most recently ended quarter, up 12.1 percent from $139.4 million a year ago. Cutting into the bottom line were operating expenses of $68.4 million, which represent an increase of $16.5 million, an increase of 24.1 percent year-to-year. Subscription income continued its upward trend.
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