News and Analysis

News and Analysis (15708)

EPICOR 9 PUSHES RESULTS

Michael PietriniEpicor continues to crow about the success of Epicor 9. And although results for the second quarter ended June 30 were a moderate improvement, CFO Michael Pietrini said in a webcast that because of  Epicor 9, he expects the third quarter to buck the historical trend of showing a large drop in license revenue. Still, CEO George Klaus said sales haven't approached 2007 and 2008 levels in any geography, but Epicor 9 has allowed the company to move into new geographies. Read more...

SERENIC PROFITS WHILE REVS DIP

Serenic reported income of $12,024 for the first quarter ended May 31. And while that was a slim bottom line it represented a turnaround from a loss of  $114,701 a year earlier. That came as revenue fell to $2.7 million in the most recently ended quarter, down 1.6 percent from $2.75 million in last year's corresponding period. All numbers are reported in Canadian dollars. License sales grew by 25 percent over last year's first quarter with international licenses sales comprising 32 percent of the total. The company did not break out the dollar amounts in this category. Read more...

SAP NEW BBD LAUNCHES TODAY

Jim Hagemann SnabeVersion 2.5 of SAP'S Business By Design application launches today although in the tortured history of the online product it's the first version to hit the market in volume. But despite the fun competitors have had with SAP's mistakes to date, company executives this week expressed confidence they have a winner with CO-CEO Jim Hagemann Snabe declaring in an earnings Webcast that, "With SAP Business By Design, we have a true category killer to fundamentally change the on-demand market." Read more...

A VAR EAT VAR WORLD

Once, competition in the accounting software reselling world was relatively polite. VARs didn’t aggressively poach other organizations’ employees and there was a certain respect when one had an account almost sewed up. But resellers are saying that the emphasis by both Microsoft and Sage on getting new revenue in order to maintain margin tiers has ended the civility. Someone pointed to SWK Technologies' hiring two key individuals away from Nextec as an example. Read more...

DYNAMICS ENDS FY 2010 UP

Microsoft’s Dynamics line saw a 4 percent increase in revenue for the fourth quarter ended June 30, compared to last year’s corresponding period. And with that uptick, the Dynamics business ended fiscal 2010 with flat results, a big improvement from some quarters during the recession. That’s all the detail the company gives about the operations of Microsoft Business Solutions, which is part of the Microsoft Business Division. Read more...

SAP SYBASE DEAL CLEARS HURDLE

The European Commission has approved the acquisition of Sybase by SAP, which was the final regulatory approval needed for the deal to proceed. SAP is offering $65 per share cash for a total purchase of about $5.8 billion via a tender offer. The deal would give ownership of Sybase’s SQL Anywhere, PowerBuilder and a very far reaching mobile technology and messaging network. Besides its financial applications, SAP also owns business intelligence powerhouse BusinessObjects. Sybase had net income of $164 million and $1.2 billion in revenue for the year ended Dec. 31, 2009. Read more...

ARREST MADE IN FULLSCOPE EMBEZZLEMENT

A former employee of FullScope, the Athens, Ala.-based Dynamics AX VAR, has been arrested and charged with the alleged theft of more than $100,000 from Fullscope. According to an article in the July 20, issue of the News Courier, May Seymore Holden, 35, a former accounts manager, is accused of depositing Fullscope checks in her own account between January and May 2010. The case remains under investigation. Read more...

INTUIT’S QUICKBASE DOES DOWN

Intuit’s computer system woes continued this week. This time it was QuickBase, the company’s online database that is utilized to develop online applications, which was down during the late afternoon and evening of Tuesday, July 20, and Wednesday, July 21, until about 9pm ET. The outage also took down the Accountant’s Copy File Transfer Service in the QuickBooks Accountant’s Edition. Read more...

INTACCT’S ACCOUNTANT PROGRAM: LOTS OF BPOS

Intacct has a busy accountant program which provides outsourced accounting services via the company’s online software. But while the company has pointed to the advantages of partnering with accounting firms, quite of a few of its outsourcers aren’t accounting firms. Right now, about 40 percent of the total are business process outsourcers. There’s some fairly recognizable names among them, including Citi Groups’ Citi PES - Financial & Accounting Outsourcing and Outsource Partners International. Read more...

COLUMBUS IT COMPLETES OFFERING

Columbus IT, the Dynamics reseller based in Denmark, raised about $8.3 million through the offering of 26.5 million shares. The offering had pre-emptive rights for share holders. It coincided with a buyout of the shares of Gaardboe Holdings, owned by founder Michael Gaardboe, by the largest Columbus IT shareholder, Consolidated Holdings. None of the securities were registered for sale in the United States. Gaardboe sold out after another company, EG Holdings, approached with an offer to buy all of Columbus IT. However, Consolidated wasn’t interested. Read more...

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.