News and Analysis

News and Analysis (15627)

BENMALEK JOINS CONNECTWISE

Aziz Benmalek, who was president of the Sage Group, has joined ConnectWise as chief business officer. Benmalek joined the company last month.

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AVIDX REBOUNDS TO PROFIT

AvidXchange rebounded to a profit of $436,000 for the second quarter ended June 30, compared to a loss of $18.8 million a year ago.

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DYNAMICS REVS UP 16 PERCENT

 Microsoft reported Dynamics revenue for the year ended grew by 16 percent over fiscal 2023 levels with Dynamics 365 up by 19 percent year over year.

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ACUMATICA PICKS TOP ENGINEER

Acumatica has hired Miten Mehta as its first chief engineering officer.

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BLACKBAUD COULD SELL EVERFI

 Blackbaud is continuing what to do with EverFi, which it acquired in January 2022 for about $750 million in cash and stock. Steps considered by Blackbaud, whose CEO Michael Gianoni described Everfi as a “drag on revenue”, include divestiture.

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NET AT WORK, KENSIUM SWAP

 Net at Work has acquired the Acumatica business of Kensium. Simultaneously, Kensium acquired Pixafy, an ecommerce agency, from New York, N.Y.-based Net at Work

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FRÚMBOLI JOINS INFOR VAR

Sam Frúmboli, who spent eight years at reseller Blytheco, has joined Infor VAR, Decision Resources.

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SAP REVS UP 10 PERCENT

SAP has reported revenue of roughly $9 billion for the second quarter ended June 30, 10-percent increase year-over-year and also up 10 percent in constant currency.

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VENA TOPS $100M ARR

Planning software publisher Vena says it has topped $100 million in annual recurring revenue.

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ACUMEN BUYS DYNAVISTICS

 Acumen Information Systems has acquired Dynastics, a Dynamics reseller. Terms were not disclosed

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