News and Analysis (15703)
AVALARA HIRE SIGNALS GLOBAL PLANS
- Friday, 24 October 2014
- News and Analysis
- Written by mark
Avalara has named Richard Asquith as VP of global tax compliance. The Bainbridge Island, Wash.-based company says Asquith's hiring is part of its plan to develop its transactional tax compliance offerings internationally. Based in the United Kingdom, Asquith founded the TMF Group and led its global VAT practice for 10 years. He began his career at KPMG in the U.K. and later joined Ernst & Young, and assisted companies entering in new markets while working in Russia, Hungary and France.
MICROSOFT'S NADELLA'S PAY: $84.3M
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Whether Microsoft's cloud ERP is real or not, compensation for its named executives was certainly in the cloud for the year ended June 30. The group saw its pay balloon from the value of stock awards granted. At the top, new CEO Satya Nadella had total compensation of $84.3 million, with $79.7 million from the stock grants. Nadella took over the job in February left by founder Steve Ballmer and you'd have to call this a pretty good fiscal 2014 for the new top guy. COO Kevin Turner pulled down $22.7 million, just over $19 million from the stock. General counsel Brad Smith had $19.1 million in compensation; just under $17 million from stock awards.
MACOLA SIGNS BAESIS AS VAR
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Exact Macola has signed a new reseller. And while adding one VAR would not be a big deal for most financial software vendors, it has been a long time coming for Macola. For the channel, the salient news is that Baesis, based in Northborough, Mass., is a Sage reseller. More particularly, it handles Sage 100, SageCRM and Quantum and JobOps and MiSys. Apparently this is a homecoming for the company headed by CEO Frank Leonard.
INTACCT OPENS ROMANIAN OFFICE
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Intacct has opened a development office in Cluj, Romania. It is the second international site for the San Jose, Calif.-based cloud accounting software company. The office will be managed by Marian Crisan, described as having 15 years of experience and as "having developed strong skills in business development and managing complex programs and projects in the Telecom, Media, and Public sectors. Intacct plans rapid expansion in Romania.
INTUIT'S BIG REVEAL; BIG REVEAL?
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Intuit promised "The biggest announcement in QuickBooks History" would result in a "Big Reveal" at this week's QuickBooks Connect conference. Many industry veterans believe something was omitted. After Intuit debuted a new version of QuickBooks Online Accountant, the main reaction was "That was the big announcement?" The Intuit Accountants Facebook page made that "We announced the most significant product offering ever for accounting professionals", not quite the same thing.
VERTEX SMB SIGNS SOCIUS
- Wednesday, 22 October 2014
- News and Analysis
- Written by mark
Vertex SMB continued to sign top resellers for its sales and use tax business. The company said this week it has signed Socius, a Dublin, Ohio-based company that has been an award winner for both Microsoft and Sage and has been the only reseller to be selected as a member of the Dynamics Inner Circle and Sage President's Circle the same year and did that more than once. Socius is led by CEO Jeff Geisler.
ACUMATICA RAISES $13M IN FUNDING
- Tuesday, 21 October 2014
- News and Analysis
- Written by mark
Acumatica this week revealed the amount of funding it has received from MYOB, the accounting software company based in Australia. The Kirkland, Wash.-based cloud and on-premise software company says it has received $13.3 million in led by MYOB, which is owned by Bain Capital. Acumatica says it has now raised $30 million in outside investments. The MYOB connection was announced in August at Acumatica's Partner Summit.
SUPPORT REVENUE HELPS SAP
- Tuesday, 21 October 2014
- News and Analysis
- Written by mark
This is probably not the message SAP wants delivered; but for its third quarter ended September 30, support increased as a percent of revenue to 55.7 percent of the total, up from 53.9 percent a year earlier. The software giant reported a 16-percent rise in profit to about $1.1 billion on a 5-percent rise in revenue to roughly $5.4 billion when compared to 2013's third quarter; all numbers on an IFRS basis. While cloud revenue rose by double-digit percentages, that was done on a much smaller base.
MINTIFYING INTUIT?
- Sunday, 19 October 2014
- News and Analysis
- Written by mark
Intuit executives say a platform linking small biz applications is coming. It seems likely something besides simply connecting code is involved—what is the financial model? Intuit's Mint operations suggest a solution. Intuit CEO Brad Smith has said his company would learn from Mint, which recommends products and services to users and also aggregates users' financial data. Services are free, but Mint notes "Sometimes we get paid a small fee when you switch to a new bank or company, which helps keep our basic service free."
RANDOM THOUGHTS: KISS AND ZOMBIES
- Friday, 17 October 2014
- News and Analysis
- Written by mark
Somebody asked me what I thought of ISIS. "Isis? I love the way they look in the spring, especially the old-fashioned blue ones." ... An old joke has become reality: a Michigan funeral home is offering drive-through service. The bad news is for drivers who think they are in line for a fast-food restaurant. "I'll have a burger, fries and ... Oh my God! Grandma?"
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