Intacct has added a wrinkle to the market for project-based accounting software this week with the debut of Intacct Project Management. That puts the vendor of Internet products loosely into the same market as Dynamics SL and Deltek. I say loosely, because I'm always suspicious of the ability of Version 1.0 products to take on established players and about how Intacct will compete at the different sized companies Deltek serves.

Netherlands-based Exact said results improved for the half ended June 30, but earnings were down with revenue down in all categories. Net income was $15.4 million, down 21 percent when calculated in euros. Revenue of $145.5 million was off by 5 percent. Even the usual reliable source, maintenance, was down 1.7 percent because there was no adjustment for inflation, while license revenue fell by 2.2 percent. Exact's service revenue was down 18 percent for the first half. Read more...