Radiant Systems, whose product line includes POS software, more than doubled its net income for the first quarter ended March 31 while revenue rose by 10 percent. Net income hit just under $6 million for the most recently ended quarter, compared to $2.6 million a year earlier. Revenue rose to $87.1 million, up from $79.5 million. Subscription revenue, which hit $11.7 million, was by far the strongest performer as it registered a 28 percent increase over the same quarter in 2010.

Nonprofit accounting company AccuFund has introduced Loan Tracker for the AccuFund Accounting Suite. The module offers loan management capabilities to housing and economic development agencies managing CDF, EDA and WDA and other loan programs. The system includes amortization tables, coupon books, and flexible loan rate management fully integrated with the AccuFund Accounting Suite. The system can run daily billing, a monthly billing cycle or “Bill on Payment”. Transactions and changes to loan values can also be added manually. Loan Tracking manages the write off of both billed amounts as well as the loan balance and the software can also accommodate partial write offs and post write offs on payments on defaulted loans.

Lawson Software has agreed to be acquired by Infor and Golden Gate Capital in a deal valued at about $2 billion. Under terms of a merger agreement, Lawson stockholders will receive $11.25 per share in cash. Lawson noted the purchase price is roughly 2.5 times revenue and a 14-percent premium to the value of its shares at the close of March 7, the last trading day before news reports speculating about the deal began appearing.

Emergence Corp., a Dynamics reseller that had operations in Latin America, Canada, Bermuda, the Caribbean and the United States, has split into pieces. Although the company’s website still operates, some of the telephone numbers listed on the site do not work, notably the number for the Miami, Fla., site which had been center for operations in this country.