News and Analysis

News and Analysis (15669)

TANGICLOUD OUTLINES USER GROWTH

 Tangicloud Technologies said it ended fiscal 2023 with more than 100 nonprofit organizations as customers.

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ACUMATICA NAMES FIRST CIO

Acumatica has named Jeff Smits as its first Chief Information Officer.

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NETSUITE REVS KEEP ON JUMPING

Oracle’s NetSuite revenue rose by 21 percent for the first quarter year-over-year to $700,000, also up 21 percent in constant currency. This marks the latest in a string of reporting periods in which NetSuite’s year-over-year increases have been above 20 percent.

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SOVOS HIRES TWO EXECS

Indirect-tax vendor Sovos has hired to individuals for two newly created executive jobs. The new positions, announced this month, are president of revenue and chief transformation officer.

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SILVERSUN, RHODIUM CAN WOO OTHERS

The proposed merger of SilverSun Technologies, parent of reseller, SWK Technologies, and bitminer, Rhodium has opened the door for the companies to see other partners. Other new provisions of the merger agreement add barriers to completing the merger.

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AVALARA DEBUTING PARTNER EVENT


 Avalara will hold a new partner conference, Fuse, on November 14 through 16. The sales-tax software company is also expected to detail a new partner program at the event in Boca Raton, Fla., at The Boca Raton resort.

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INSIGHT BUYS VIZLIB

 Insightsoftware has acquired Vizlib, a company based in the United Kingdom. Vizlib makes applications for data visualization extensions for QlikSense from Qlik Technologies.

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XEROCON US. RETURNING

 Xero’s Xerocon conference will return to the United States next year. It will be the first Xerocon in this country since 2022.

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IFS TO BUY AI BIZ FAKLONRY

ERP Software vendor IFS intends to acquire Fakonry, which makes AI-based data analysis software for the manufacturing and defense industries. Terms were not disclosed for the deal, which is expected to close in the fourth quarter.

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BUYER DELAYS HIT QUISITIVE CLOUD

Cautious customers caught Quisitive Technologies off guard for the second quarter ended June 30 with the result the reseller’s cloud business revenue dropped by 14 percent year-over year.

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