News and Analysis (15671)
CPA FIRM, VAR FORM VERTILOCITY
- Thursday, 09 September 2021
- News and Analysis
- Written by BobWScott
HBK IT, a subsidiary of accounting firm HBK CPAs & Consultants, is merging with reseller Vertical Solutions. The announcement said Vertical Solutions president, Bruce Nelson, will lead the combined company.
CROWE BUYS NETSUITE VAR
- Wednesday, 08 September 2021
- News and Analysis
- Written by BobWScott
Accounting firm Crowe has acquired Upaya-The Solution, a NetSuite reseller and Workday Adaptive Planning partner. Terms were not disclosed for the deal, which is expected to be completed on October 1.
ECI SOFTWARE BUYS DEACOM
- Wednesday, 08 September 2021
- News and Analysis
- Written by BobWScott
ECI Software Solutions, which owns the Macola manufacturing software line, has acquired Deacom. Terms were not disclosed.
MCA CONNECT CHOOSES EXEC
- Wednesday, 08 September 2021
- News and Analysis
- Written by BobWScott
MCA Connect, a Dynamics reseller has hired Lori Borg as SVP and chief growth officer. She will direct the go-to-market strategies of the Denver, Colo.-based VAR and lead marketing, inside sales and strategic alliance teams.
ORACLE CEO: BONUS BUT NO PAY RAISE
- Thursday, 02 September 2021
- News and Analysis
- Written by BobWScott
Oracle CEO Safra Catz received $10.6 million in compensation for the year ended July 31. Most of that was a $9.6 million performance bonus, along with a $950,000 base salary.
QBES SALES UP “MID-SINGLE DIGITS”
- Thursday, 02 September 2021
- News and Analysis
- Written by BobWScott
QuickBooks Enterprise Solutions, the mid-market product from Intuit, appears to continue to drive what growth there is in the desktop QB market. Intuit used the phrase “mid-single digits” to describe the rate of increase in revenue for QBES for the year ended July 31.
BAKER TILLY BUYING ACCTTWO
- Wednesday, 01 September 2021
- News and Analysis
- Written by BobWScott
Accounting firm Baker Tilly US is acquiring Sage Intacct reseller AcctTwo Shared Services, effective October 1. Terms were not announced.
QAD ISSUES LAST? EARNINGS REPORT
- Wednesday, 01 September 2021
- News and Analysis
- Written by BobWScott
QAD, which is being taken private by Thoma Bravo in a $2 billion deal, saw acquisition costs cut into its operating profit for the second quarter ended July 31. They deal is expected to close in the fourth quarter of calendar 2021 so this is potentially the last earning report.
BILL.COM RISES ON DIVVY REVENUE
- Tuesday, 31 August 2021
- News and Analysis
- Written by BobWScott
Bill.com saw its revenue spike with the inclusion one-month income from Divvy. Divvy is the corporate credit card and expense management platform it acquired during the fourth quarter ended June 30.
QUISITIVE BOOMS ON M&A
- Tuesday, 31 August 2021
- News and Analysis
- Written by BobWScott
Microsoft reseller Quisitive turned in a 49-percent drop in its loss on a 75-percent increase in revenue for the second quarter ended June 30. But most of the talk in this week’s earnings conference call was about its payments business, not Dynamics reselling.
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