News and Analysis (15710)
AVIDXCHANGE REVS RISE 36.6 PERCENT
- Thursday, 18 November 2021
- News and Analysis
- Written by BobWScott
Newly public AvidXchange nearly doubled its loss on a 36.5-percent rise in revenue for the third quarter ended September 30. The payments company posted a loss of $35.5 million for the most recently ended quarter, up from $17.9 million in red ink a year ago.
INTACCT FY21 REVS UP 22 PERCENT
- Thursday, 18 November 2021
- News and Analysis
- Written by BobWScott
Intacct recurring revenue grew 22 percent year-over-year to approximately $222.1 million for Sage’s year ended September 30. That came as revenue growth for the United States outstripped other countries before currency.
SILVERSUN BUYS ONE BIZ; SELLS ONE
- Wednesday, 17 November 2021
- News and Analysis
- Written by BobWScott
SilverSun Technologies, parent of SWK Technologies, has sold one software practice and acquired another. Last week, SilverSun signed a deal to sell its Sage X-3 business to New York, N.Y.-based VAR Net at Work. This week, it agreed to buy the Acumatica division of Dynamic Tech Services of Atlanta, Ga.
UNIT4 BUYS COMP PLANNING COMPANY
- Tuesday, 16 November 2021
- News and Analysis
- Written by BobWScott
Unit4 has acquired Compright, which provides compensation planning software in more than 40 countries. Terms were not disclosed,
BUSINESS PICKUP BENEFITS REPAY 3Q
- Monday, 15 November 2021
- News and Analysis
- Written by BobWScott
A variety of business tailwinds helped payments company Repay to cut its loss by 39 percent on a 62.4-percent rise in revenue for the third quarter ended September 30. The company has benefited from a gradual rebound in personal loan volume, auto loan repayments and through M&A.
SAGE TRANSFORM FRUGAL
- Friday, 12 November 2021
- News and Analysis
- Written by BobWScott
The show floor for the newly names Sage Transform looked strange. It took about seven minutes to realize there was no carpet, outside of the booths themselves.
U.S. ORACLE BIZ STRONG FOR ALITHYA
- Friday, 12 November 2021
- News and Analysis
- Written by BobWScott
The Oracle business was “very strong” strong for Canada-based Dynamics reseller Alithya in the second quarter ended September 30. CEO Paul Raymond this week singled out the Oracle business as a major factor in the 17.1-percent increase in revenue for the United States.
N. AMERICAN XERO SUBS UP 22.1%
- Friday, 12 November 2021
- News and Analysis
- Written by BobWScott
Subscriptions for Xero in North America were up 22.1 percent for the first half ended September 30. The New Zealand-based company also reported this week revenue for this continent rose 5 percent 14 percent inconstant currency.
INTACCT: MORE COUNTRIES ON TAP
- Thursday, 11 November 2021
- News and Analysis
- Written by BobWScott
Sage Intacct is preparing to expand outside of the English-speaking world. Executives outlined basic plans that will make the mid-market cloud product globally during this week’s Sage Transform conference in Las Vegas.
SILVERSUN: “MEDIOCRE QUARTER”
- Wednesday, 10 November 2021
- News and Analysis
- Written by BobWScott
SilverSun Technologies, parent of reseller SWK Technologies, reported a “mediocre quarter” for the third quarter ended September 30. Nevertheless, CEO Mark Meller, who used the term, said the company is on track for the best year in company history.
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