News and Analysis

News and Analysis (15628)

WHAT HAPPENED TO SAGE 50 UPDATES?

Connie Certusi, SageA year ago, I posted a story that Sage would have more frequent updates of Sage 50, the old Peachtree—actually that was in April 2013. The past practice had been to have one major introduction of Peachtree in the spring, numbered for the upcoming year. So in spring 2013, the 2014 edition was released with three different press releases published about different Sage 50 versions, including manufacturing, construction and distribution. Well, there have been no official announcements of the more frequent updates that I can find and nothing in the press section about Sage 50 2015. 

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LOW-END NOW: FUTURE MIDMARKET?

 Zach Nelson, NetSuiteXero has issued a press release that it has topped $100 million Australian in annualized revenue. That's based on the monthly subscription rate for May and shows Xero trending up around 42 percent from the actual revenue reported for the year ended March 31. Other than demonstrating the importance we attach to the base 10 numbering system (100 is ten 10s, right?), it triggered a thought that has been rolling about for some time. (It's about $93 million U.S.) In earnings webcast, NetSuite CEO Zach Nelson points out how few financial midmarket cloud companies exist.

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VERTEX SIGNS MCGLADREY

 Steve Parish, McGladreyMcGladrey has agreed to handle the sales-and-use tax products from Vertex SMB. Steve Parish, the firm's principal and national sales tax automation leader, called McGladrey the first full-service firm to sign with Vertex. I can't say that there's been that much news about anyone signing with Vertex. In fact, it's somewhat unexpected given Vertex's lack of visibility in a market in which the news has been dominated by Avalara.

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OPEN SYSTEMS SIGNS SAGE VAR

 Rick Rusch, Complete Programmed AccountingNow that's a headline that most wouldn't expect. In fact, I'm can't remember Open Systems putting out press releases often about new VAR signings although in the last two years it issued a number regarding ISVs deals. But the company has enlisted Complete Programmed Accounting of Indianapolis, Ind., so sell its Traverse financial line.

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SYSPRO OUTLINES PRODUCT PLANS

Joey Benadretti, Syspro U.S. Syspro previewed its product road map this week at an analyst event in Chicago. The company told attendees at the 2014 JRocket Marketing Grape Escape that for Syspro 7 it plans deep vertical market advances to support emerging new compliance and process needs; extended functionality for warehousing, tracking and project management; enhanced global market support through additional currency capabilities and new collaboration tools.

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UNIT4 BRINGS IN NEW VPS

Stephan Sieber, Unit4Under the ownership now of Advent International, Unit4 has swept away its old executive structure with the hiring of four EVPs under CEO Jose Duarte. Unit4 reached outside the company for the four execs just hired and is also looking for a chief technology officer.  Advent is a private equity group that purchased Unit4 and took it private earlier this year.

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SOCIUS ENROLLS TO THE POINT

sociusSuddenly, Socius is the most active Dynamics Master VAR in the United States, announcing the signing of the second sales affiliate this month. This time, it is To the Point Software, based in Pembroke Pines, Fla., that is entering the Sales Affiliate network of Dublin, Ohio-based Socius. Founded in 1997, To the Point, specializes in mobile computing in the food industry with products that are built on Dynamics GP and NAV. Its route accounting includes the mobile EZRoute app for pre-selling and peddling while the tablet version, EzRouteDE, is normally used for pre-sell only.

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BLACKBAUD BUYS WHIPPLEHILL

Travis Warren, WhippleHill CommunicationsBlackbaud has acquired WhippleHill Communications, a company that services K-12 private schools. The Charleston, S.C.-based nonprofit vendor is paying $35 million in cash for all shares of WhippleHill, which is based in New Hampshire. The acquired company, which was founded in 1988, will be merged with an existing Blackbaud group that serves the private school market and will be managed by WhippleHill president and founder, Travis Warren, as part of Blackaud's General Market Business Unit.

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INTACCT FACES SUIT OVER PAY

Todd Hosein, plaintiffIntacct is facing  allegations it failed to pay over-time to sales representatives that are entitled to it.  A suit, filed as a class action complaint, was brought in California Superior Court for Santa Clara County by Todd Hosein in May but only recently released publicly via a press release. It alleges Intacct reduced costs by putting all overtime on a small number of employees. Intacct declined comment about the suit.

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RKL, BAESIS INVEST IN JOBOPS

Joe Noll, RKL eSolutionsSage reseller RKL eSolutions has invested in the JobOps manufacturing line by taking an equity position in Synergistic Software Solutions. Synergistic, which owns the package, was sold by long-time owner BDO Seidman to a partnership that now includes private equity firm Anania & Associates Investment Co. and Baesis, a Sage reseller based in Northborough, Mass. JobOps is sold into the Sage 100 base.

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