News and Analysis

News and Analysis (15710)

VISMA REVS POP BY 25.5 PERCENT

Fueled by sales of cloud products, revenue for Norway-based Visma reached about $501 million for the third quarter ended September 30. Growth also stemmed from the software company’s continuing M&A binge with eight new acquisitions during the quarter, 23 for the year-to-date.

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NET AT WORK BUYS SAGE 100 VAR

Net at Work, a mid-market reseller based in New York, N.Y., has acquired the Rubicon Group, which resells Sage 100. Terms were not disclosed.  

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AVIDXCHANGE HIRES FOUR EXECUTIVES

AvidXchange has hired four executives in its product, treasury and operations teams. The payments software company this week the additions are designed to support its growth.

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UNIT4 HIRES CUSTOMER SUCCESS EXEC

Unit4 has named Michelle MacCarthy as global head of customer success. Before joining Unit4, MacCarthy was with Flexera from December 2018 through last month, where she held a similar position.

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UNANET BUYS A/E CRM COMPANY

Unanet has acquired Cosential, which makes CRM applications for the architect and engineering and construction markets. Terms were not disclosed.

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NETSUITE OPENS NON-ERP VAR PROGRAM

Oracle NetSuite has started a program for resellers who want to developer businesses around its non-ERP products lines. These applications include Bronto, OpenAir, and SuiteCommerce.

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UNIT4 STARTS SOCIAL RESPONSIBILITY PROGRAM

Unit4 has started a social responsibility program. Unveiled this month, the broad-based initiative includes the company’s Act4Good program. 

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PAYA STARTS TRADING ON NASDAQ

Payments company Paya has gone public by virtual of its merger with public company FinTech Acquisition Corp. III. Paya stock is now trading on the Nasaq Stock Market. 

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PRODWARE BIZ WEAKENS IN 3Q

Prodware, a Sage and Dynamics reseller based in France, saw sales worsen in the third quarter ended September 30. Revenue for the first half was down 6.1 percent from the first half of 2019.

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CFO LEAVING SILVERSUN

Christine Dye is leaving the position of chief financial officer SilverSun Technologies, parent of reseller SWK Technologies, effective November 13. She has served in that job since January 2019.

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