News and Analysis (15701)
XERO NAILS $110M MORE
- Tuesday, 24 February 2015
- News and Analysis
- Written by mark
Xero has raised about $110.8 million in capital and named a new president in the United States. The company said this week Accel Partners is contributing $100 million in funding with current shareholder Matrix Capital Management chipping in $10.8 million. Well, this could explain the recent rise in the company's stock price. Meanwhile, Xero said that former Dell executive, Russell Fujioka, has been named president of its United States operations.
ACUMATICA ADDS INFOR VARS
- Tuesday, 24 February 2015
- News and Analysis
- Written by mark
Acumatica has added seven new VARs, including three that carry Infor products. But the latest round was equal opportunity poaching with one pure Dynamics, one pure Sage, and two VARs with mixed product lines. The Infor VARs are DSA of Glendale, Ariz., which handles Infor SX.e and Distribution Facts; Central Data Systems of Farmington Hills, Mich., which also markets Infor SX.e; and NSA Computer Exchange Hicksville, N.Y., which does not refer obviously to its Infor line on its website, but it does serve distributors.
XERO STOCK POPS
- Monday, 23 February 2015
- News and Analysis
- Written by mark
Xero's stock had been beaten down by 50 percent from its highs over the last year. But from February 16 through February 19 it jumped to $19 per share up 15.85 percent from $16.40 per share (Australian). (And which have since topped $20.) The calculations were posted by the New Zealand stock exchange in an inquiry to the company. The inquiry and response is required under New Zealand Listing Rule 10.1.1 when a stock moves significantly.
AVALARA IN CHANNEL REORG
- Monday, 23 February 2015
- News and Analysis
- Written by mark
Ava
lara has named Patrick Falle as North American Channel Chief as the company reorganizes its channel. Falle takes over from Pascal Van Dooren, who had been handling all channel duties but now is responsible for overseeing global channel efforts. Falle, a founding investor of the Bainbridge, Island, Wash.-based company, takes over recruiting more reselling, development and accounting partners in North America and internationally.
INTUIT BOOMS IN THE CLOUD
- Friday, 20 February 2015
- News and Analysis
- Written by mark
A flurry of bad press about Intuit's TurboTax applications has ended up as sound and fury and you know the rest. Intuit rolled on with its online applications for the second quarter ended January 31 with results headed up. "Our financial results are strong. The growth of QuickBooks Online subscribers is continuing to accelerate," CEO Brad Smith said during this week's earnings webcast.
SAGE ONE GOES SUBSAHARAN
- Friday, 20 February 2015
- News and Analysis
- Written by mark
Sage One Accounting has been introduced in several markets in sub Saharan Africa. The cloud-based package is being made available through a deal between Sage Pastel Accounting and MTN Business. I bring this up because we don't hear a lot about Sage One in the United States and this is a worldwide product. Given the dominance of Intuit in this market and the fact Xero is the fast-growing second banana, it will probably take a different approach for the low-cost Sage product to have much impact here.
ARMANINO NAMED TOP ADAPTIVE VAR
- Friday, 20 February 2015
- News and Analysis
- Written by mark
Armanino has been named Adaptive Insights' Partner of the Year for 2014. The San Ramon, Calif.-based accounting firm only picked up the line in April so that's a pretty good record. My impression is that, especially on the technology consulting side, whatever Armanino decides to do it ramps up quickly and does extremely well. Palo Alto Calif.-based Adaptive also named Intuitive Tek as Partner of the Region for North America.
ISVS ADOPT ACUMATICA PLATFORM
- Friday, 20 February 2015
- News and Analysis
- Written by mark
Five ISVs have adopted the Acumatica Cloud xRP platform as the engine for developing new applications. Acumatica says there are now more than 50 ISVs and OEMs in the program. One of the more notable members of the effort is Australia's MYOB, which made a $13 million investment in Acumatica last year. The down-under company utilized Acumatica as the engine for its recently introduced online MYOB Advanced, designed for the mid-market.
PRIVATE EQUITY AND CLOUD ERP
- Friday, 20 February 2015
- News and Analysis
- Written by mark
An intriguing question was asked during this week's Epicor earnings webcast. An analyst queried Epicor CFO Kathy Crusco about whether the company's current capital structure "is IPO dependent." Crusco replied, "It is not IPO dependent." Epicor is widely believed to be on the block, presumably private equity group Apax Partners wants to cash out.
SALES EXECUTION DENTS EPICOR
- Friday, 20 February 2015
- News and Analysis
- Written by mark
Sales execution in the United State impacted Epicor's ERP revenue for 2014, the company said in this week's conference call. Epcior had previous reported the quarterly numbers but its earnings calls generally lag the reports by several days. CEO Joseph Cowan said a new head of U.S. sales had been hired, although he gave no names. However, LinkedIn shows Peter Elmgren joined Epicor as VP of sales in December.
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