News and Analysis

News and Analysis (15671)

SALES TAX RELIEF WIDE SPREAD

States have overwhelmingly enacted relief for sales tax requirements, according to Avalara. The sales tax software company has reported that most have provided filing and payment extensions and waived penalty and interest.

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ARMSTRONG MOVES TO ENAVATE

Kevin Armstrong has become Global Enterprise Strategy Leader at Enavate. This was the latest in a series of executive hirings that began in October.  

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INFOR ENDS PUBLIC FINANCIAL REPORTING

Infor has ended its public reporting of financial results. The company this week filed a notice with the SEC of its suspension of its duty to report. 

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SAGE: COVID-19 STARTING TO BITE

Organic recurring revenue is ahead of full-year guidance for the six months ended March 30. But in a trading update this week, the software company said license and related revenue dropped as expected with the decline accelerating toward the end of March.

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MORGANFRANKLIN BUYS KRAFT UNIT

MorganFranklin Consulting has acquired the Dynamics Practice from Kraft Enterprise Systems. Terms were not disclosed.

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STATE OF VAR BIZ?: IT DEPENDS

If resellers can get through the COVID-19 crisis, the anticipate strong demand for cloud products. But for right now, the services clients are are asking for vary widely.

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PROCORE OFFERS PROJECT AID

Procore is offering access to its products and customer support key projects at no additional cost. The construction software company said recently it will provide the aid to those building a temporary healthcare facility or one for product of medical supplies.

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MICROSOFT RAMPS UP FOR VIRUS 

Microsoft has turned its software platforms to meeting needs of users during the coronavirus crisis. That includes the release of two Power Platform applications so customer can coordinate information and resources, along with a Power Virtual Agents bot to manage crisis response.

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ORACLE FLOATS $20B IN NOTES

Oracle has priced $20-billion in notes this week. The company issued six tranches of debt with interest rates ranging from 2.5 percent for notes due 2025 to 3.85 percent for notes due 2060.

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MAPADOC SALE MAKES SILVERSUN NET

The sales of its Mapadoc operations gave SilverSun Technologies its profit for the year. The company, parent to SWK Technologies, posted net income of $6.8 million for the year ended December 31, up from $262,432 the prior year.

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