Blackbaud CEO Marc Chardon is cleaning out his share holdings in the maker of not-for-profit software. He sold 307,463 shares of the Charleston, S.C.-based company this month for an aggregate of $10.7 million, which he purchased by the exercise of options of $7.6 million. Chardon is leaving the company as soon as a replacement can be found and sold another large block of shares, 148,974, in May after the exercise of options. 

Epicor Software lost $9.6 million for the first quarter ended June 30, compared to $5.6 million in red ink for last year's corresponding period. Revenue rose to $241.2 million, up 11 percent from $217.3 million a year earlier. Revenue was kicked up by the increase of $18.9 million from the sale of products from Solarsoft, which Epicor purchased on October 12.

Exact has followed through with its plan to introduce Exact Online into the United States. The Netherlands-based company, and parent to Macola, JobBoss and Max, has rolled out the low-end online product in a program for manufacturers, distributors, wholesalers and accountants that is subscription free until the end of the year. At that time, the product is expected to be in full release. Exact Online is designed for companies with 10 or fewer employees. However, Exact plans to roll out editions for larger organizations.

SWK Technologies has dropped its effort to buy Vicor Business Services of Bethesda, Md. It's the second SWK deal to be put on hold in the last year. The parties signed a letter of intent in June which expired on July 31 and according to the 10-Q for the June quarter filed by SWK's parent, SilverSun Technologies, were still negotiating. However, this week, SWK CEO Jeff Roth said that "SWK has decided to defer its discussion with Vicor to a later date so there is no deal that is imminent."