
News and Analysis (15628)
INFOR: CHANNEL GREW BY 163 IN 2013
- Thursday, 20 February 2014
- News and Analysis
- Written by mark
Infor said this week that 163 organizations joined the Infor Partner Network last year with 43 of these in the United States. That represents an increase of 48 percent over the number of reseller/developers who joined the network in 2012. Infor cited initiatives such as the new Micro-vertical Products Program and the IPN Digital Edge. MVPP enables partners to build their industry-specific applications via the use Infor Mongoose, which they can use to design and deploy applications without knowledge of complex programming languages. The IPN Digital Edge is a platform that helps them maintain the latest Infor product information on their websites, including the ability to replicate designated infor.com features and content in real-time.
INTACCT RAISES $45 MILLION
- Tuesday, 18 February 2014
- News and Analysis
- Written by mark
Was starting to wonder why Intacct had been so quiet over the last few months. But that got answered this week with the announcement the company raised $45 million in venture capital and debt funding. In a prepared statement, Intacct said it would invest in company growth and expanded product capabilities. The latter strikes me as particularly important because, like most cloud companies, Intacct could use more features. The book on Intacct has been what it has is really good; it just needs more.
Read more...UNIT4 INCOME DROPS, REVS RISE
- Monday, 17 February 2014
- News and Analysis
- Written by mark
A variety of factors pushed down EBITDA and net income for Unit4 for fiscal 2013. The Netherlands-based software vendor said this week that the valuation of a tax asset in 2012 and cost related to Project Unique were among factors that resulted in net income of $20.3 million for the most recently ended year, down 37 percent from 2012. I have not found a description of Product Unique yet. Meanwhile, total revenue hit $672.3 million, a rise of 4.4 percent from the prior year.
CLIENTS FIRST'S KRALSTEIN DIES
- Sunday, 16 February 2014
- News and Analysis
- Written by mark
Sheldon Kralstein, co-founder and recently retired CEO of Clients First Business Solutions, died this weekend. Kralstein died from pancreatic cancer. The leadership role had been taken over by Thomas Falteich, who became president and CEO in January, after serving as the VAR's COO since it was created. Kralstein founded the company in March 2003, and became its CEO in 2004. Headquartered in Holmdel, N.J., the company sold Sage and Microsoft products in offices across the nation.
AVALARA RAISES $30 MILLION
- Thursday, 13 February 2014
- News and Analysis
- Written by mark
Avalara has raised $30 million in a new financing round. The company said this week the latest infusion of outside money brings the total haul of the sales-and-use-tax vendor to more than $100 million since its founding in 2004. Existing investors Battery Ventures and Sageview Capital led the most recent round. In a prepared statement, founder and CEO Scott McFarlane said, "This investment should help extend our technology and integration capabilities and support growth."
EXACT MANUFACTURING REVS DROP
- Thursday, 13 February 2014
- News and Analysis
- Written by mark
Results for Exact's Specialized Solutions were weak last year, the company said in this week's financial results. But despite the downturn in results for the three American products – Job Boss, Macola, Max – it looks like those products have a secure future. This is not based on their prospects as much as it is for their ability to help Exact Online. "The manufacturing entities can help ExactOnline in the U.S.," CEO Erik van der Meijden said in this week's earnings webcast.
EPICOR LICENSE GROWTH SIZZLES
- Thursday, 13 February 2014
- News and Analysis
- Written by mark
While most companies are pointing to the growth in subscription model, Epicor Software turned in a strong performance in old-fashioned software revenue for the first quarter ended December 31. License revenue grew by 25 percent over a year earlier, the second straight quarter that license sales had increased by more than 25 percent, CEO Joseph Cowan said in this week's earnings conference call. He also pointed to the company's ability to increase sales of web-based products without cannibalizing the installed base.
BLACKBAUD NET JUMPS ON REVS, COST CUTS
- Thursday, 13 February 2014
- News and Analysis
- Written by mark
The shift from license sales to subscription revenue continued at nonprofit vendor Blackbaud for the year ended December 31. And the company turned in sharp gains on the bottom line for both the most recently ended quarter and the year. Fourth-quarter earnings of $11.8 million were nearly four times the $3.3 million a year ago. There was an even bigger jump for the 12-month results with 2013 net income hitting $30.5 million, compared to $6.5 million in 2012.
NELSON: 2014 YEAR TO KILL SAGE IN U.K.
- Tuesday, 11 February 2014
- News and Analysis
- Written by mark
NetSuite CEO Zach Nelson said this week that 2014 "the year we kill Sage in the U.K." That was a remark delivered at the Goldman Sachs Technology and Internet Conference 2014 conference. And he immediately conditioned his statement with "It's hard to kill them." But he clearly thinks it's time his cloud-based company can do damage in Sage's home turf. Nelson's reason goes back to Sage's growth by acquisition of other companies and characterized Sage as not a software company, but a roll up.
DESHAIES NEW SAGE CHANNEL VP
- Wednesday, 12 February 2014
- News and Analysis
- Written by mark
Sage North America has hired Microsoft veteran Donald Deshaies as the new VP of channel management. Deshaies has been out of the midmarket channel for four years while serving as managing partner of Live Consulting Global from November 2009 through 2013. But before that he was with Microsoft (including Great Plains before its acquisition) for one month short of 14 years.
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