News and Analysis

News and Analysis (15710)

PROCORE TECHNOLOGIES SLASHES LOSS

Construction software company Procore Technologies sharply cut its loss for the third quarter ended September 30 despite growing operating expenses by 58.5 percent. That came as the company this week said revenue for period rose 29.5 percent year-over-year.

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SAP VAR THIRD WAVE ACQUIRED

Evergreen Services Group has acquired SAP reseller Third Wave Business Systems. The deal, whose terms were not disclosed, puts Evergreen into the ERP market for the first time.

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ARMANINO’S MESCALL CHANGES ROLES

 Tom Mescall, who has led Armanino Consulting for 17.5 years, is changing roles. Mescall is moving to lead the accounting firm’s Growth and Innovation Team.

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FRESHBOOKS PROMOTES RE-INTRODUCTION

 FreshBooks is promoting the re-introduction of its accounting software product. FreshBooks is pointing to the company’s obtaining $130 million in funding in October as giving it “Unicorn” status.

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AVALARA GROWS CROSS BORDER BIZ

 Avalara has taken two steps this month that hav the potential to ignificantly increase its cross-border compliance business. First, it announced new duty and import tax features and content used  to generate landed cost pricing in Shopify Markets. 

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DYNAMICS REVS RISE 31 PERCENT

The strong growth of Dynamics revenue continued for Microsoft’s first quarter ended September 30. Dynamics revenue rose 31 percent year-over-year with Dynamics 365 growth up 48 percent.

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FRENCH CO. BUYS TANGERINE’S X-3 BIZ

 The 4CAD Group, company based in France, has acquired the Sage X-3 business of Tangerine Software. The move was pictured as a step in 4CAD’s planned expansion of its business in North America. via acquistion.

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ENAVATE BUYS COLUMBUS U.S. BIZ

Dynamics reseller Enavate has acquired the SMB business of Columbus U.S. for about $16.5 million. The deal includes the Dynamics Business Central, GP and NAV practices.

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LANGER MOVES TO OPENGOV

Stuart Langer, who  spent eight years with Sage Intacct, has taken the job of VP of product management, ERP for OpenGov. Langer joined Intacct in April 2013.

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MIP NEW PROGRAM: NO RESELLING

Community Brands, which is dropping its current channel program, will replace that next year with what it called “a strategic and referral program for the MIP platform.” The company last week said the current VAR program ends on December 31.

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