News and Analysis (15671)
DIVVY BOOSTS BILL.COM PROFORMA
- Wednesday, 18 August 2021
- News and Analysis
- Written by BobWScott
The addition of Divvy’s results to those of its purchaser Bill.com raised Billcom’s net loss for the nine months ended March 31 by three times and raised its revenue by 24.7 percent. The deal was completed on June 1 for $2.5 billion.
SAGE ASKS FOR ACCOUNTANT REFERRALS
- Wednesday, 18 August 2021
- News and Analysis
- Written by BobWScott
Sage is asking accountants who participate in its new 20 for 20 program for client referrals. Ideally, participating firms are supposed to provide 20 client referrals each quarter to Sage.
COPLEY CONSULTING ACQUIRED
- Wednesday, 18 August 2021
- News and Analysis
- Written by BobWScott
The Copley Consulting Group, one of Infor’s top resellers, has been acquired by the Judge Group, a professional services firm. Terms were not disclosed.
RUBINBROWN BUYS IT CONSULTING FIRM
- Friday, 13 August 2021
- News and Analysis
- Written by BobWScott
Accounting firm RubinBrown has acquired Liberty Technology Advisors, which is based in Chicago, Ill. Liberty’s operations are being combined into RubinBrown’s Business Advisory Services Group.
SHOW MUST GO ON, BUT HOW?
- Friday, 13 August 2021
- News and Analysis
- Written by BobWScott
In-person conferences have been the norm since the second half of the year began. One exception was Microsoft Inspire, which was completely virtual in early July.
ACQUIRED UNIT BOOSTS ALITHYA
- Thursday, 12 August 2021
- News and Analysis
- Written by BobWScott
The acquisition of R3D Conseill boosted revenue for Dynamics and Oracle reseller Alithya significantly for the first quarter ended June 30. Coupled with organic growth, R3D helped Alithya achieve a 54.9-percent decline in the company’s loss on a 45.6-percent increase in revenue.
MICROSOFT BUYS SPEND MGMNT CO.
- Wednesday, 11 August 2021
- News and Analysis
- Written by BobWScott
Microsoft has acquired spend management software company Suplari, whose application’s capabilities will be used in conjunction with Dynamics 365. Terms were not disclosed
VERTEX SHARPLY CUTS LOSS
- Wednesday, 11 August 2021
- News and Analysis
- Written by BobWScott
Vertex slashed its loss for the second quarter ended June 30 by 95 percent as revenue rose by 15 percent. The indirect tax software company lost $2.6 million for the most recently ended period, down from a loss of $39.4 million a year ago.
HEBERT NAMED SYSPRO USA CEO
- Tuesday, 10 August 2021
- News and Analysis
- Written by BobWScott
Take the interim out of Scott Hebert’s title at Syspro USA. Holding the position of chief sales officer, Hebert had been interim CEO of the unit since the departure of Geoff Garrett in June.
SILVERSUN REVS UP; SOFTWARE OFF
- Tuesday, 10 August 2021
- News and Analysis
- Written by BobWScott
SilverSun Technologies, parent of SWK Technologies, turned in a sharp increase in net income on a 5.8-percent rise in revenue for the second quarter ended June 30. But software revenue declined by 8.3 percent.
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