News and Analysis

News and Analysis (15667)

CLIENTS FIRST'S KRALSTEIN DIES

Sheldon Kralstein, Clients First Business Solutions 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.

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AVALARA RAISES $30 MILLION

Scott McFarlane, AvalaraAvalara 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." 

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EXACT MANUFACTURING REVS DROP

Erik van der Meijden, ExactResults 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.

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EPICOR LICENSE GROWTH SIZZLES

Joseph Cowan, Epicor SoftwareWhile 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.

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BLACKBAUD NET JUMPS ON REVS, COST CUTS

Tony Boor, BlackbaudThe 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.

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NELSON: 2014 YEAR TO KILL SAGE IN U.K.

Zach Nelson, NetSuite 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.

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DESHAIES NEW SAGE CHANNEL VP

Sage logo newSage 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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XERO NAMES U.S. CEO

Peter Karpas, XeroXero has named its first CEO for its North American operations and the New Zealand-based cloud software company and also added some board-level talent to its operations on this continent. The company has hired Peter Karpas as CEO. Karpas was most recently VP and GM for PayPal's North America Small and Medium Business. Karpas had held that post since September 2012 he held a Canadian VP position with Paypal from September 2010.

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ADAPTIVE CHANGES NAME

John Herr, Adaptive InsightsCloud company Adaptive Planning has changed its name to Adaptive Insights. The Palo Alto, Calif.-based company says the rebranding "reflects Adaptive's broad and innovative product suite as the company rapidly expands its customer base and further cements its leadership in enterprise and international markets." If you look at the list of product names on the company's website - in which Adaptive Planning is only one of several products - the change makes a good deal of sense. 

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SAGE INTROS IMPLEMENTER PROGRAM

Sage logo newSage has introduced a Certified Implementer Program and it is worrying some key resellers. Technically, it is called the Sage Mid-Market Certified Implementation Partner Program and it applies to a wide range of products: Sage 100, 300 and 500; X3, CRM, Fixed Assets and HRMS; and BusinessWorks and BusinessVision. The program's description says CIPs are "organizations or individuals not associated with an authorized reseller organization that focus on professional services, including consulting, and implementation of Sage products for end-customers."

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