News and Analysis

News and Analysis (15670)

B’BAUD: MANY PRICING ACTIONS UNDERWAY

Blackbaud has multiple pricing initiatives underway, the company said this week. The comments were made by CEO Mike Gianoni during the earnings webcast for the year ended December 31.

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QUISITIVE SWITCHES CFOS

Dynamics reseller Quisitive has named Scott Meriwether. He replaces Michael Murphy who held the job since August 2019. Murphy appears to have left to pursue other interests as CEO Mike Reinhart wished him well in his future endeavors.

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INTUIT’S QBE UP DOUBLE-DIGITS

QuickBooks Enterprise desktop revenue rose “low-double digits” for the second quarter ended January 31, Intuit said this week. And the semi-mid-market software package helped desktop QB revenue rise by 5.7 percent over all for the most recently ended period.

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BLACKBAUD TRIMS OFFICE SPACE

 Blackbaud has closed most of its offices as it responds to the shift toward remote work. During its recent webcast for earnings for the year ended December, the company said it has closed most of its offices outside of its headquarters in Charleston, S.C.

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ROSKILL’S MOVE FROM ACUMATICA

 Acumatica posted a brief question and answer period with incoming CEO John Case. A brief comment from chief marketing officer Todd Wells supports the statement Roskill really is moving into a real advisory position with Acumatica’s owners, EQT Partners.

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PROCORE EXPECTS 28-PERCENT GROWTH

 Procore Technologies this week said it expects revenue for the year ended December 31 to be 28-percent to 29-percent higher than in 2021. The company pointed to strong grew in its financial management products and international operations as factors in its growth.

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PRODWARE REVS DROP 4 PERCENT

France-based reseller Prodware reported a 4-percent drop in revenue to approximately $187.6 million for the year ended December 31. The company, which sells Dynamics and Sage software, said adjusted for the divestiture of the integration business of Prodware Israel in September 2020 pro forma revenue rose by .4 percent.

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SAGE LEADER SOHN LEAVES

Joo Sohn, who has been with Sage since December 1993, is leaving the company, it was announced this week. Since 2004, Sohn has been the director of partner programs.

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ACCLERATOR HELPS MINORITY BUSINESSES

 Oracle NetSuite has launched a program to help build businesses for a variety of groups. NetSuite Accelerator will first focus on helping black entrepreneurs and leaders building sustainable businesses.

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ACUMATICA GETS NEW CEO

Acumatica has named a new CEO, John Case, effective March 1. He replaces Jon Roskill who became CEO in March 2014.

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