News and Analysis

News and Analysis (15669)

SCANSOURCE SUES AVANADE OVER AX

ScanSource logoScanSource, which distributes POS and barcode products, has sued Avanade for alleged bait-and-switch practices for a Dynamics AX implementation it claims Microsoft concluded was faulty. The plaintiff said has the project has ballooned from an initial cost estimate of $17 million to nearly $66 million and an installation of 11 months to three years with the system not yet live. Read more...

PLEX SYSTEMS GETS $30M

Plex Systems logoPlex Systems, which markets cloud-based manufacturing software, has raised $30 million in a venture capital investment. The funds were provided by Accel Partners. The company said the investment would support development of its cloud technology, which encompasses ERP, manufacturing execution, quality management, supply chain management and business intelligence. Read more...

INTUIT’S COOK SELLS $37.4M SHARES

Scott Cook, IntuitIntuit founder Scott Cook closed out 2012 by selling a bit more than $37.4 million in the company’s stock during the second half of December. For Cook, it was the largest amount of Intuit stock sold in a single month in more than two years. The largest block was 266,666 shares sold on December 16 for $16.5 million. Read more...

MANAGEMENT BUYS RETAIL PRO

Kerry Lemos, Retail Pro InternationalThe management of Retail Pro International, which makes software for the retail industry, has acquired the company. The deal was led by CEO and now owner, Kerry Lemos. As a product line, Retail Pro has been around for more than 25 years ago. The company’s product line includes Retail Pro Prism POS. However, the present company was formed in 2009. Read more...

INSIDEVIEW EXTENDS CONNECTIONS

InsideView logoInsideView, which describes its applications as sales intelligence products, has extended Inside View Connections. The new tool, the InsideView Private Connection Cloud, enables employees to connect personal networks with corporate connection networks. That lets sales and marketing personnel utilize personal contacts within Facebook, LinkedIn or Outlook to discover relationship connections.

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AVALARA OPENS 2ND SEATTLE OFFICE

Avalara logoAvalara said it is supporting its rapid growth by opening a second office in Seattle, Wash. The company’s new facility is located at the foot of Seneca Street on Pier 55 on Seattle's Central Waterfront. And for those not familiar with the geography that means that for Avalara, which is headquartered on Bainbridge Island, a 35-minute boat ride away, the new facility is not far from the ferry terminal at Pier 52. Read more...

BLACKBAUD EASES CHARDON NONCOMPETE

Marc Chardon, BlackbaudBlackbaud has eased the terms of the non-compete clause in CEO Marc Chardon's employment contract. The Charleston, S.C.-based nonprofit software vendor reduced the period of any post-employment limits to one year from two years. It also limited the geographic scope of the contract to the United States, which means the rest of the world is immediately open to Chardon, should he choose to leave the company. The company said this is simply to be consistent with the employment agreements for other executives. Well, it is a slow news week.

 

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AUSSIE QUICKEN NAME CHANGED

Gavin Dixon, ReckonWhen is Quicken not Quicken? It is when it is the newly named Reckon Accounts, marketed by the company which has been Intuit’s partner in Australia. In March, Reckon told Intuit it would not renew the agreement via which it has sold Quicken and QuickBooks products in that country. That agreement expires on Feb. 14, 2014 and the company expects to save about $6.2 million in annual royalty payments to Intuit.

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ALFAPEOPLE EXEC MOVES TO U.S.

Per G. Mikkelsen, AlfapeoplePer G. Mikkelsen, the founder and former general manager of Alfapeople U.K., has moved into a new position for the company in the Seattle region. Since October, Mikkelsen has served as worldwide director of business development from his new location in the Pacific Northwest.

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CYMA 13 RELEASED

Cyma logoCyma has begun shipping Cyma 13, the latest release of its accounting and fund accounting software. The company says the version expands its presence in payroll process for general business, nonprofits and the area of payroll for service bureaus, PEOs, PSOs, fiscal agents and CPAs.

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